Molecular Sciences Research Center Inc
- Assets
- $3.0m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 15
- Location
- San Juan, PR
- Founding
- Data as of
- 06/2023
- EIN
- 66-0928241
Organization Overview
Molecular Sciences Research Center Inc is located in San Juan, PR. 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. As of 06/2023, Molecular Sciences Research Center Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Molecular Sciences Research Center 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 06/2023, Molecular Sciences Research Center Inc generated $2.7m in total revenue. All expenses for the organization totaled $1.7m during the year ending 06/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO DEVELOP COMPETITIVE SCIENTIFIC RESEARCH WITH HIGH SOCIAL AND ECONOMIC VALUE TO POSITION THE UPR AND PUERTO RICO AS A KEY PLAYER IN THE MOLECULAR SCIENCES RESEARCH AND INNOVATION WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MOLECULAR SCIENCES AND RESEARCH CENTER IS A 152,000 SQ. FT. ADVANCED RESEARCH FACILITY WITH LABORATORIES CONDUCTING BASIC AND TRANSLATIONAL BIOMEDICAL RESEARCH IN THE AREAS OF PROTEIN STRUCTURE AND DYNAMICS, MOLECULAR BIOLOGY, GENOMICS, PROTEOMICS, BIO-IMAGING, PHARMACOGENETICS, AND NEUROSCIENCES. INAUGURATED IN 2011 IT NOW HOUSES OVER 300 RESEARCHERS, STUDENTS AND TECHNICIANS. THE PRIMARY GOAL OF THE MSRC IS TO PRODUCE A SIGNIFICANT INCREASE IN COMPETITIVELY FUNDED FOREFRONT SCIENTIFIC RESEARCH BY SCIENTISTS AT UPR. THE MSRC IS THE UPR SYSTEM'S FIRST MULTIDISCIPLINARY ENVIRONMENT, DESIGNED TO MEET THE NEEDS OF CUTTING-EDGE RESEARCH IN PUERTO RICO FOR THE FORESEEABLE FUTURE. THIS NEW RESEARCH SPACE DESIGN PARADIGM FEATURES STANDARDIZATION, FLEXIBILITY AND ADAPTABILITY, SYSTEMS INTEGRATION, AND EASE OF SHARING EQUIPMENT AND HUMAN RESOURCES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eduardo Nicolau Executive Director | OfficerTrustee | 40 | $36,000 |
Luis Sanchez Ortiz Entity Accountant | Officer | 40 | $36,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,624,900 |
| Government grants | $0 |
| 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 | $2,624,900 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $73,010 |
| 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 | $2,738,307 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $425,899 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,211 |
| Fees for services: Management | $221,351 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,346 |
| 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 | $45,501 |
| Insurance | $0 |
| All other expenses | $23,287 |
| Total functional expenses | $1,673,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,922,904 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $758,550 |
| 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 | $282,912 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,783 |
| Total assets | $2,971,149 |
| Accounts payable and accrued expenses | $109,045 |
| 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 | $5,625,000 |
| Other liabilities | $287,081 |
| Total liabilities | $6,021,126 |
| Net assets without donor restrictions | -$3,049,977 |
| 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 | $2,971,149 |