Clinical Research Foundation Inc
- Assets
- $256.4k
- Revenue
- $330.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Louisville, KY
- Founding
- 05/1991
- Data as of
- 12/2023
- EIN
- 61-1144514
Organization Overview
Clinical Research Foundation Inc is located in Louisville, KY. The organization was established in 1991. As of 12/2023, Clinical Research Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clinical Research Foundation 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 12/2023, Clinical Research Foundation Inc generated $330.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $309.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CLINICAL RESEARCH FOUNDATION, INC. (CRF) PROMOTES QUALITY SCIENTIFIC RESEARCH TO IMPROVE THE MEDICAL TREATMENT, GENERAL HEALTH, AND QUALITY OF LIFE FOR OUR NATION'S VETERANS BY PROVIDING A FLEXIBLE FUNDING MECHANISM TO ROBLEY REX VA MEDICAL CENTER RESEARCHERS FOR NON-VA FUNDED STUDIES OR TRIALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023 THERE WAS CONTINUED GROWTH OF RESEARCH EDUCATIONAL OUTREACH. THE CLINICAL RESEARCH FOUNDATION SUCCESSFULLY HOSTED 11 RESEARCH DAY EVENTS AND 1 RESEARCH WEEK EVENT OVER THE COURSE OF THE YEAR. IT IS THE MOST ROBUST EDUCATIONAL OUTREACH PROGRAM EVER ACCOMPLISHED AT THE LOUISVILLE VA.
THE FOUNDATION INVESTED IN PROJECT MANAGEMENT SOFTWARE THAT IS IMPROVING THE MAINTENANCE AND COMMUNICATION OF STUDIES AMONGST THE RESEARCH TEAM. THE SOFTWARE ALSO AIDS IN IMPROVING ACCOUNTABILITY AND FINANCIAL SUCCESS OF EACH STUDY MANAGED BY THE CLINICAL RESEARCH FOUNDATION.
RECRUITMENT OF CLINICAL STUDIES INTO START-UP WAS DOUBLED BY THE FOURTH QUARTER OF 2023. THIS SIGNIFICANT INCREASE IN CLINICAL TRIALS WILL IMPROVE ENROLLMENT FOR SEVERAL YEARS TO COME, SETTING THE FOUNDATION UP FOR SIGNIFICANT FINANCIAL GROWTH. THIS GROWTH WILL PROMOTE THE CREATION OF NEW ADMINISTRATIVE JOBS AT THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Book PHD Executive Dir. | Trustee | 24 | $42,500 |
Greg Bethards Director | Trustee | 1 | $0 |
Belinda Setters MD Director | Trustee | 1 | $0 |
Paul Sklena MD Director | Trustee | 1 | $0 |
Jo-Ann Ginsburg Director | Trustee | 1 | $0 |
Gerald Dryden MD PHD Chairman | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $66,444 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,444 |
| Total Program Service Revenue | $256,361 |
| Investment income | $7,911 |
| 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 | $330,716 |
| 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. | $42,500 |
| Compensation of current officers, directors, key employees. | $42,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,858 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,277 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,342 |
| Advertising and promotion | $53 |
| Office expenses | $1,415 |
| Information technology | $15 |
| 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 | $3,167 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,475 |
| All other expenses | $185 |
| Total functional expenses | $309,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,496 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,941 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $256,437 |
| Accounts payable and accrued expenses | $2,730 |
| 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 | $2,730 |
| Net assets without donor restrictions | $253,707 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $256,437 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gateway For Cancer Research Inc Schaumburg, IL | $20,261,940 | $10,470,741 |
Indiana Institute For Medical Research Inc Indianapolis, IN | $2,410,876 | $1,489,124 |
Center For Dialysis Care At Heather Hills Shaker Heights, OH | $412,168 | $1,427,439 |
Society For Cardiovascular East Dundee, IL | $1,794,515 | $1,297,360 |
Cryptic Masons Medical Research Foundation Inc Brownsburg, IN | $5,100,404 | $1,081,134 |
Clinical Research Foundation Inc Louisville, KY | $256,437 | $330,716 |
Abraham S Ende Research Foundation Inc Petersburg, VA | $0 | $0 |