Institute For Medical Research Inc
- Assets
- $6.6m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 87
- Location
- Durham, NC
- Founding
- 12/1989
- Data as of
- 09/2021
- EIN
- 56-1655431
Organization Overview
Institute For Medical Research Inc is located in Durham, NC. The organization was established in 1989. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 09/2021, Institute For Medical Research Inc employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute 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 09/2021, Institute For Medical Research Inc generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $6.9m during the year ending 09/2021. While expenses have increased by 16.4% 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
TO SUPPORT RESEARCH AND EDUCATION THROUGHOUT THE DURHAM VETERANS AFFAIRS HEALTH CARE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1.SUPPORTED A MEDICAL TRAINING AND EDUCATION PROGRAM TO SUPPORT THE VA PHARMACOGENOMICS ACTION FOR CANCER SURVIVORSHIP (PHASER). THE PROGRAM HAS GROWN TO 18 SITES WITH 6 ADDITIONAL SITES BEING IDENTIFIED.2.PROVIDED TRAINING TO SEVERAL COHORTS OF VA CHAPLAINS NATIONWIDE ON AN INTERVENTION TO PREVENT VETERAN SUICIDE DESIGNED TO NOT ONLY PREPARE THESE INDIVIDUALS TO OFFER INTERVENTION BUT TO CREATE A TRAINING MODEL. THIS EDUCATIONAL PROGRAM CONTINUES TO BE SUCCESSFUL.3.SUPPORTED NUMEROUS PROJECTS TO FURTHER AID WITH THE DIAGNOSIS, RISK STRATIFICATION AND LIFE STYLE INTERVENTION FOR THE BENEFIT OF UROLOGY AND ONCOLOGY PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Powell Executive Director Until 1/21/21 | Officer | 40 | $105,308 |
Bradly Nicholson Director, Molecular Epidemiology Research Laborato | 40 | $104,137 | |
Laura Horten Interim Executive Director From 1/21/21-4/11/21 | Officer | 40 | $57,970 |
Brian Letourneau Director | Trustee | 0.15 | $2,400 |
Dennis Shipman Director | Trustee | 0.15 | $2,200 |
John Whited MD President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,692,131 |
| All other contributions, gifts, grants, and similar amounts not included above | $928,849 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,620,980 |
| Total Program Service Revenue | $3,289,410 |
| Investment income | $13,396 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,925,427 |
| 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. | $149,156 |
| Compensation of current officers, directors, key employees. | $149,156 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,422,171 |
| Pension plan accruals and contributions | $35,160 |
| Other employee benefits | $261,625 |
| Payroll taxes | $255,414 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,651 |
| 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 | $641,456 |
| Advertising and promotion | $1,475 |
| Office expenses | $150,156 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $233,991 |
| Travel | $8,929 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,435 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $22,074 |
| All other expenses | $21,128 |
| Total functional expenses | $6,883,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,056,053 |
| Savings and temporary cash investments | $2,691,343 |
| Pledges and grants receivable | $1,676,756 |
| 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 | $112,460 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,172 |
| Total assets | $6,550,784 |
| Accounts payable and accrued expenses | $824,146 |
| Grants payable | $0 |
| Deferred revenue | $157,541 |
| 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 | $27,301 |
| Total liabilities | $1,008,988 |
| Net assets without donor restrictions | $4,277,034 |
| Net assets with donor restrictions | $1,264,762 |
| 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 | $6,550,784 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Institute For Medical Research Inc has recieved totaling $561,142.
| Awarding Organization | Amount |
|---|---|
Prostate Cancer Foundation Santa Monica, CA PURPOSE: CANCER RESEARCH | $500,000 |
Fred Hutchinson Cancer Research Center Seattle, WA PURPOSE: VACCINE AND INFECTIOUS DISEASE | $61,142 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Humane Studies Arlington, VA | $19,221,469 | $20,882,389 |
Medical Device Innovation Consortium Arlington, VA | $8,765,414 | $16,908,156 |
Foundation For Atlanta Veterans Education And Research Inc Decatur, GA | $10,222,891 | $13,848,947 |
Johnston-Lee-Harnett Community Action Incorporated Smithfield, NC | $2,342,060 | $13,580,773 |
Friedreichs Ataxia Research Alliance Fara Springfield, VA | $7,478,784 | $7,717,778 |
International Society On Thrombosis And Haemostasis Inc Carrboro, NC | $25,182,348 | $9,872,487 |
Institute For Medical Research Inc Durham, NC | $6,550,784 | $5,925,427 |
National Grain And Feed Association Arlington, VA | $10,815,590 | $5,604,417 |
Copper Development Association Inc Mclean, VA | $5,141,566 | $5,540,739 |
Heineman-Robicsek Foundation Inc Charlotte, NC | $7,695,245 | $5,065,349 |
American Peanut Shellers Assoc Inc Albany, GA | $1,751,167 | $3,704,531 |
Brick Industry Association Reston, VA | $5,137,373 | $4,209,123 |