Medstar Health Research Institute Inc
- Assets
- $46.8m
- Revenue
- $50.0m
- Investments
- $15.1m
- Employees
- 376
- Location
- Washington, DC
- Founding
- 09/1964
- Data as of
- 06/2022
- EIN
- 52-6056274
Organization Overview
Medstar Health Research Institute Inc is located in Washington, DC. The organization was established in 1964. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. As of 06/2022, Medstar Health Research Institute Inc employed 376 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medstar Health Research 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 06/2022, Medstar Health Research Institute Inc generated $50.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $58.6m during the year ending 06/2022. While expenses have increased by 8.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE OTO SUPPORT THE ACADEMIC PLATFORM OF MEDSTAR HEALTH BY CONDUCTING HIGH QUALITY TRANSLOCATIONAL & HEALTH SVCS RESEARCH IN ALL FIELDS OF MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
MEDSTAR HEALTH RESEARCH INSTITUTE'S HEALTHCARE DELIVERY RESEARCH IS RESPONSIBLE FOR COORDINATING AND PERFORMING RESEARCH ON ALL ASPECTS OF HEALTHCARE DELIVERY (QUALITY, SAFETY, ACCESSIBILITY, ETC.) ACROSS THE ENTIRE MEDSTAR HEALTH SYSTEM. SPECIFICALLY, THE RESEARCH IS AIMED TO IMPROVE THE WAY WE DELIVER CARE IN OUR HEALTHCARE FACILITIES AND IN THE COMMUNITY. MUCH OF THE RESEARCH HAS FOCUSED ON USING HUMAN FACTORS ENGINEERING PRINCIPLES, COMMUNITY ENGAGEMENT (SUCH AS HOW TO REDUCE INFANT AND MATERNAL MORTALITY), SAFETY OF ELECTRONIC HEALTH RECORD USE AND IDENTIFYING UNINTENDED CONSEQUENCES, IMPROVED IMPLEMENTATION IN POPULATION HEALTH AND HOW TO ACHIEVE HEALTH EQUITY FOR ALL ASPECTS OF OUR COMMUNITY.
CARDIOVASCULAR RESEARCH IS RESPONSIBLE FOR COORDINATING AND PERFORMING A WIDE VARIETY OF CARDIOLOGY RESEARCH DEDICATED TO DEVELOPING NEW DIAGNOSTIC AND THERAPEUTIC TECHNOLOGIES TO ENHANCE PATIENT CARE AND SAVE LIVES. AREAS OF SPECIALIZATION INCLUDE INTERVENTIONAL CARDIOLOGY DEVICES, CARDIOVASCULAR IMAGING AND APPLICATIONS OF ARTIFICIAL INTELLIGENCE, HEART FAILURE, ARRYTHMIAS AND OUTCOMES RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Rt Evans MD Director | Trustee | 1 | $0 |
Carlessia Hussein MD Director | Trustee | 1 | $0 |
Sarah Greene Chair - As Of 10/2021 | Trustee | 1 | $0 |
Spiros Dimolitsas PHD Director | Trustee | 1 | $0 |
Soo Y Bang Director | Trustee | 1 | $0 |
Barbara B Mittleman MD Vice Chair - Until 10/2021 | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Metrics Contract Services Professional Services | 6/29/22 | $535,176 |
Community Of Hope Inc Professional Services | 6/29/22 | $380,956 |
Baylor College Of Medicine Professional Services | 6/29/22 | $339,870 |
Attain Llc Consulting Services | 6/29/22 | $274,950 |
Clinlogix Llc Professional Services | 6/29/22 | $227,604 |
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 | $2,133,662 |
| Noncash contributions included in lines 1a–1f | $32,973 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,133,662 |
| Total Program Service Revenue | $28,080,780 |
| Investment income | $152,884 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $361,390 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,039,397 |
| 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. | $1,392,803 |
| Compensation of current officers, directors, key employees. | $224,146 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,630,636 |
| Pension plan accruals and contributions | $437,762 |
| Other employee benefits | $3,089,774 |
| Payroll taxes | $2,150,787 |
| Fees for services: Management | $4,459,877 |
| Fees for services: Legal | $2,268 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,105,876 |
| Advertising and promotion | $683 |
| Office expenses | $265,600 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,380,893 |
| Travel | $94,446 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,801 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,345,291 |
| Insurance | $57,101 |
| All other expenses | $907,994 |
| Total functional expenses | $58,646,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,302 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,262,083 |
| 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 | $95,953 |
| Net Land, buildings, and equipment | $3,487,409 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,146,054 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,791,506 |
| Total assets | $46,788,307 |
| Accounts payable and accrued expenses | $6,232,159 |
| Grants payable | $0 |
| Deferred revenue | $1,865,654 |
| 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 | $1,604,666 |
| Total liabilities | $9,702,479 |
| Net assets without donor restrictions | $15,666,485 |
| Net assets with donor restrictions | $21,419,343 |
| 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 | $46,788,307 |