Advanced Medical Research Foundation Inc
- Assets
- $54.1m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Brookline, MA
- Founding
- 12/1975
- Data as of
- 12/2022
- EIN
- 51-0209657
Organization Overview
Advanced Medical Research Foundation Inc is located in Brookline, MA. The organization was established in 1975. According to its NTEE Classification (H30) the organization is classified as: Cancer Research, under the broad grouping of Medical Research and related organizations. As of 12/2022, Advanced Medical Research Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advanced Medical Research Foundation 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 12/2022, Advanced Medical Research Foundation Inc generated $4.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $3.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Advanced Medical Research Foundation Inc has awarded 25 individual grants totaling $9,109,496. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CANCER RESEARCH AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT CLINICAL CANCER RESEARCH AND TO COLLECT, ANALYZE & DISSEMINATE INFORMATION TO INTERESTED PARTIES TO PROMOTE A BETTER UNDERSTANDING OF CANCER AND BETTER OPPORTUNITIES FOR PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martina B Albright President | OfficerTrustee | 5 | $55,000 |
Isaac Schiff Director | Trustee | 1 | $0 |
Oliver Robinson Treasurer | OfficerTrustee | 35 | $101,382 |
Whitfield Growdon Clerk | OfficerTrustee | 1 | $0 |
Harry Orf Director | Trustee | 1 | $0 |
Nile L Albright MD President Emeritus | 35 | $103,333 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,841,097 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,841,097 |
| Total Program Service Revenue | $0 |
| Investment income | $554,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $603,899 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,999,706 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,473,750 |
| 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. | $156,382 |
| Compensation of current officers, directors, key employees. | $65,138 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $182,918 |
| Pension plan accruals and contributions | $43,265 |
| Other employee benefits | $72,540 |
| Payroll taxes | $21,606 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $55,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $230,034 |
| Fees for services: Other | $2,735 |
| Advertising and promotion | $16,888 |
| Office expenses | $14,150 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,890 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,433 |
| All other expenses | $0 |
| Total functional expenses | $3,316,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,716,148 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $300,000 |
| Investments—publicly traded securities | $39,467,125 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,600,000 |
| Total assets | $54,083,273 |
| Accounts payable and accrued expenses | $82,651 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $82,651 |
| Net assets without donor restrictions | $41,400,622 |
| Net assets with donor restrictions | $12,600,000 |
| 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 | $54,083,273 |
Grants Awarded
Over the last fiscal year, Advanced Medical Research Foundation Inc has awarded $2,473,750 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: CANCER RESEARCH | $1,966,000 |
WHITEHEAD INSTITUTE FOR BIOMEDICAL RESEARCH PURPOSE: CANCER RESEARCH | $200,000 |
CHILDREN'S HOSPITAL BOSTON PURPOSE: CANCER RESEARCH | $307,750 |