The California Medical Innovations Institute Inc
- Assets
- $2.6m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 33
- Location
- San Diego, CA
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-2953382
Organization Overview
The California Medical Innovations Institute Inc is located in San Diego, CA. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, California Medical Innovations Institute Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Medical Innovations Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, California Medical Innovations Institute Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $6.5m during the year ending 12/2023. While expenses have increased by 8.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BRINGING TOGETHER PHYSICAL AND LIFE SCIENCE RESEARCHERS, CLINICIANS, ENGINEERS/ AND COMPUTATIONAL SCIENTISTS TO ADDRESS THE SIGNIFICANT HEALTH CARE CHALLENGES OF HEART AND VASCULAR DISEASE, OBESITY, AND METABOLIC DISORDERS THROUGH A MULTI-SCALE UNDERSTANDING OF ORGAN SYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE HAS MADE SUBSTANTIAL PROGRESS IN MORE FULLY UNDERSTANDING, ANDDEVELOPING DIAGNOSTIC AND THERAPEUTIC APPROACHES FOR THE MULTIPLE ASPECTS OF HEART FAILURE. THE INSTITUTE HAS ALSO MADE SIGNIFICANT PROGRESS IN THE UNDERSTANDING ANDTREATMENT OF VASCULAR DISEASE, INCLUDING WORK ADVANCING NEXT GENERATION DIAGNOSTICSFOR CORONARY AND PERIPHERAL ARTERY DISEASE AND THERAPEUTICS FOR NEO-VASCULARIZATION OF VEINS, BIOMATERIAL TISSUE CONSTRUCTS TO REPLACE ARTERIES OR VEINS, AND PERCUTANEOUS PROSTHETIC VENOUS VALVES TO TREAT CHRONIC VENOUS INSUFFICIENCY. DURING THE YEAR, THE RESEARCH STAFF AT THE INSTITUTE REGULARLY PRESENTED ITS SCIENTIFIC FINDINGS TO THE PUBLIC VIA PANELS, LECTURES, PUBLICATIONS, AND OTHER SIMILAR PROGRAMS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ghassan Kassab Chairman | OfficerTrustee | 30 | $204,969 |
Hans Gregersen President & CEO | OfficerTrustee | 40 | $199,374 |
Bhavesh Patel Assc Research Prof | 40 | $153,628 | |
Jenny Choy Research Professor | 40 | $136,449 | |
Ismail Qaddoura It Manager | 40 | $107,194 | |
Sanjay Soundarajan Assc Research Prof | 40 | $104,764 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,255,723 |
| All other contributions, gifts, grants, and similar amounts not included above | $500,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,755,723 |
| Total Program Service Revenue | $290,584 |
| Investment income | $14,097 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,286 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,065,545 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $565,836 |
| Compensation of current officers, directors, key employees. | $147,563 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,381,771 |
| Pension plan accruals and contributions | $174,544 |
| Other employee benefits | $228,856 |
| Payroll taxes | $132,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,224 |
| Fees for services: Accounting | $17,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,598 |
| Advertising and promotion | $0 |
| Office expenses | $33,275 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $814,232 |
| Travel | $64,335 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $243,219 |
| Insurance | $38,074 |
| All other expenses | $224,637 |
| Total functional expenses | $6,544,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $676,539 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,126,563 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,472 |
| Prepaid expenses and deferred charges | $16,884 |
| Net Land, buildings, and equipment | $34,415 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $768,984 |
| Total assets | $2,633,857 |
| Accounts payable and accrued expenses | $329,563 |
| Grants payable | $0 |
| Deferred revenue | $16,711 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,929,086 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $779,951 |
| Total liabilities | $3,055,311 |
| Net assets without donor restrictions | -$967,570 |
| Net assets with donor restrictions | $546,116 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,633,857 |