Heritage Medical Research Institute
- Assets
- $238.9m
- Revenue
- $27.6m
- Investments
- $224.5m
- Employees
- 1
- Location
- Marina Del Rey, CA
- Founding
- 02/2004
- Data as of
- 06/2021
- EIN
- 55-0839353
Organization Overview
Heritage Medical Research Institute is located in Marina Del Rey, CA. The organization was established in 2004. According to its NTEE Classification (H43) the organization is classified as: Heart & Circulatory System Diseases & Disorders Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Medical Research Institute 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, Heritage Medical Research Institute generated $27.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $7.6m during the year ending 06/2021. While expenses have increased by 11.9% 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.
Since 2017, Heritage Medical Research Institute has awarded 29 individual grants totaling $24,742,954. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MEDICAL RESEARCH IN CONJUNCTION WITH NON-PROFIT HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL RESEARCH RE: CONJESTIVE HEART FAILURE & OBSTRUCTIVE PULMONARY DISEASERESEARCH DATA CONNECTED TO PATIENT OUTCOMES UNDER VARIOUS TREATMENT METHODOLOGIES. COLLECTION OF HOSPITAL ADMISSIONS AND OUTCOME RECORDS. TO SUPPORT AND ADVANCE TRANSLATIONAL RESEARCH IN THE AREAS OF BASIC AND CLINICAL SCIENCE UNDER THE HIGHEST ETHICAL AND MEDICAL STANDARDS TO IDENTIFY AND IMPLEMENT NEW INNOVATIVE APPROACHES AND METHODOLOGIES TO DIAGNOSE, TREAT AND/OR MANAGE THE CARE OF DISEASES TO RELIEVE SUFFERING, IMPROVE OUTCOMES, REDUCE COSTS AND INCREASE THE OVERALL VALUE AND ACCESSIBILITY OF HEALTH CARE TO MANY MORE PEOPLE THAN PREVIOUSLY CONSIDERED POSSIBLE.
DIABETIC FOOT ULCER CLINICAL STUDY RE: EVALUATION OF WINDOWED CASTS WITH AND WITHOUT REGRANEX GEL FOR HEALING DIABETIC NEUROPATHIC ULCERS
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 |
|---|---|---|---|
Dr Richard Merkin President | OfficerTrustee | 5 | $0 |
Jaya Kurian CFO | Officer | 2 | $0 |
Matthew Suess Research Associate | 40 | $236,078 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jsl Corporation Consulting Medical Consulting | 6/29/22 | $1,062,270 |
Silver Canyon Services Inc Management Services | 6/29/22 | $192,131 |
Jeffery Kurland Md Inc Medical Consulting | 6/29/22 | $180,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,895,538 |
| Investment income | $846,974 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,189,789 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,561,662 |
| Statement of Expenses | |
|---|---|
| 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. | $229,885 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,999 |
| Payroll taxes | $11,100 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35 |
| Fees for services: Accounting | $25,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,637,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,713,469 |
| Savings and temporary cash investments | $10,689,378 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $224,531,338 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $238,934,185 |
| Accounts payable and accrued expenses | $5,490,548 |
| 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 | $5,490,548 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $233,443,637 |
Grants Awarded
Over the last fiscal year, Heritage Medical Research Institute has awarded $6,233,215 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
REGENTS OF THE UNIVERSITY OF CALIFORNIA AT BERKELEY PURPOSE: PROGRAM ASSISTANCE | $445,500 |
PROSTATE CANCER FOUNDATION PURPOSE: PROGRAM ASSISTANCE | $90,000 |
STANFORD UNIVERSITY PURPOSE: PROGRAM ASSISTANCE | $385,000 |
CALIFORNIA INSTITUTE OF TECHNOLOGY PURPOSE: PROGRAM ASSISTANCE | $5,312,715 |