Lake Erie Center For Medical Research Inc
- Assets
- $82.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Seminole, FL
- Founding
- 09/2003
- Data as of
- 06/2022
- EIN
- 55-0806759
Organization Overview
Lake Erie Center For Medical Research Inc is located in Seminole, FL. The organization was established in 2003. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Erie Center For Medical Research 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, Lake Erie Center For Medical Research Inc generated $150.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $165.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROMOTE AND ADVANCE MEDICAL RESEARCH & MEDICAL PRODUCT DEVELOPMENT, PREDOMINATELY FOR THE MEDICAL AND ACADEMIC COMMUNITIES IN PENNSYLVANIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis J Kuhn Secy.&exec Dir | 20 | $49,525 | |
Edward Goebel Director&chair | 1 | $0 | |
Joseph Benacci Director | 1 | $0 | |
Steven A Mauro Director | 0 | $0 | |
David A Dulabon Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $24,975 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $149,975 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $53,443 |
| Professional fees and other payments to independent contractors | $1,640 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,662 |
| Total expenses | $165,441 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $82,634 |
| Other assets | $0 |
| Total assets | $82,634 |
| Total liabilities | $0 |
| Net assets or fund balances | $82,634 |
Grants Awarded
Over the last fiscal year, Lake Erie Center For Medical Research Inc has awarded $629,931 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Meadville, PA PURPOSE: Imaging Flow Cytometer | $353,515 |
PENN STATE ERIE THE BEHREND COLLEGE PURPOSE: Inductively Coupled Plasma Mass Spectrometer | $276,416 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hudson-Alpha Institute For Biotechnology Huntsville, AL | $211,512,056 | $51,805,437 |
Mote Marine Laboratory Sarasota, FL | $89,374,778 | $43,949,179 |
Georgia Research Alliance Inc Atlanta, GA | $8,906,485 | $14,658,873 |
Center For Transportation And The Enviroment Inc Atlanta, GA | $3,772,677 | $13,099,404 |
Imec Usa Nanoelectronics Design Center Kissimmee, FL | $7,792,291 | $5,398,938 |
Inwater Group Research Inc Jensen Beach, FL | $197,337 | $1,026,199 |
Plantrician Project Boynton Beach, FL | $376,668 | $807,186 |
Hack Augusta Augusta, GA | $47,185 | $725,558 |
Southeast Innovation Institute Dacula, GA | $115,352 | $348,493 |
Gap Group Inc Americus, GA | $537,059 | $502,207 |
Clinical Research Pathways Inc Atlanta, GA | $1 | $605 |
International Neural Network Society Gainesville, FL | $1,806,205 | $587,158 |