Medstar Health Research Institute Inc
- Assets
- $50.7m
- Revenue
- $47.2m
- Investments
- $16.9m
- Employees
- 346
- Location
- Washington, DC
- Founding
- 09/1964
- Data as of
- 06/2021
- 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 06/2021, Medstar Health Research Institute Inc employed 346 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 06/2021, Medstar Health Research Institute Inc generated $47.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $53.0m during the year ending 06/2021. While expenses have increased by 8.5% per year over the past 6 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
2021
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
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.
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, SAFETY OF ELECTRONIC HEALTH RECORD USE AND IDENTIFYING UNINTENDED CONSEQUENCES, IMPROVED IMPLEMENTATION IN POPULATION HEALTH AND HOW TO ACHIEVE HEALTH EQUITY FOR ALL MEMBERS OF OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil J Weissman MD President/director | OfficerTrustee | 40 | $1,277,328 |
Federico Asch Scientific Director | 40 | $470,149 | |
Raj Ratwani VP Scientific Affairs | 40 | $371,211 | |
Michelle Magee MD Scientific Director | 40 | $300,878 | |
Jessica Galarraga Physician Investigator | 40 | $294,851 | |
Rachel Scott Scientific Director | 40 | $290,853 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Perk Health Professional Services | 6/29/21 | $586,950 |
Sourecehov Healthcare Inc Professional Service | 6/29/21 | $221,597 |
University Of Utah Consulting Services | 6/29/21 | $254,463 |
Baylor College Of Medicine Consulting Services | 6/29/21 | $201,003 |
Far Southeast Family Strengthening Colla Service/consulting | 6/29/21 | $153,267 |
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 | $4,290,306 |
| Noncash contributions included in lines 1a–1f | $17,247 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,290,306 |
| Total Program Service Revenue | $26,294,063 |
| Investment income | $129,775 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $323,682 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,234,985 |
| 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. | $1,728,138 |
| Compensation of current officers, directors, key employees. | $280,404 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,062,608 |
| Pension plan accruals and contributions | $449,988 |
| Other employee benefits | $3,900,369 |
| Payroll taxes | $2,031,184 |
| Fees for services: Management | $4,970,136 |
| Fees for services: Legal | $577 |
| 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 | $6,127,265 |
| Advertising and promotion | $36,196 |
| Office expenses | $266,894 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,381,241 |
| Travel | $17,639 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,288 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,875,527 |
| Insurance | $19,421 |
| All other expenses | $533,311 |
| Total functional expenses | $52,955,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,299 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,153,556 |
| 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 | $5,336 |
| Net Land, buildings, and equipment | $3,724,961 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $16,901,592 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,875,590 |
| Total assets | $50,666,334 |
| Accounts payable and accrued expenses | $6,043,345 |
| Grants payable | $0 |
| Deferred revenue | $1,741,849 |
| 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 | $2,160,434 |
| Total liabilities | $9,945,628 |
| Net assets without donor restrictions | $14,856,580 |
| Net assets with donor restrictions | $25,864,126 |
| 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 | $50,666,334 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Medstar Health Research Institute Inc has recieved totaling $180,113.
| Awarding Organization | Amount |
|---|---|
Institute For Clinical Research Inc Washington, DC PURPOSE: CLINICAL RESEARCH AND STUDY. | $76,988 |
American Society For Surgery Of The Hand Chicago, IL PURPOSE: CLINICAL/GOLDNER AWARD, RESEARCH GRANT | $63,125 |
Foundation For Physical Medicine And Rehabilitation Rosemont, IL PURPOSE: 2021 SCOTT MADLER RESEARCH GRANT | $30,000 |
Ases Foundation Schaumburg, IL PURPOSE: RESEARCH | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Medstar Health Research Institute Inc Washington, DC | $50,666,334 | $47,234,985 |
Anatomic Gift Foundation Inc Hanover, MD | $4,059,955 | $5,937,892 |
American Society For Investigative Pathology Inc Rockville, MD | $5,744,657 | $2,286,826 |
American Registry Of Pathology Rockville, MD | $2,932,614 | $1,614,624 |
Asts Foundation Arlington, VA | $24,421,604 | $1,945,373 |
The Academy For Radiology & Biomedical Imaging Research Washington, DC | $2,702,031 | $1,213,504 |
Radiation Oncology Institute Arlington, VA | $16,106,095 | $1,152,909 |
Pharmacuetical Education & Research Inc Fairfax, VA | $235,130 | $725,464 |
Progressive Learning Inc Pikesville, MD | $4,537 | $0 |
W Montague Cobb Nma Health Institute Washington, DC | $370,494 | $741,866 |
Parents Guide To Cord Bloodfoundation Inc Brookeville, MD | $177,760 | $192,457 |
Pelvic Floor Disorders Research Foundation Silver Spring, MD | $1,653,051 | $256,552 |