Aoki Diabetes Research Institute Inc
- Assets
- $39.9k
- Revenue
- $112.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Sacramento, CA
- Founding
- 04/1993
- Data as of
- 12/2023
- EIN
- 68-0087787
Organization Overview
Aoki Diabetes Research Institute Inc is located in Sacramento, CA. The organization was established in 1993. According to its NTEE Classification (H80) the organization is classified as: Specifically Named Diseases Research, under the broad grouping of Medical Research and related organizations. As of 12/2023, Aoki Diabetes Research Institute Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aoki Diabetes Research Institute 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, Aoki Diabetes Research Institute Inc generated $112.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $144.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 9 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
THE PURPOSE OF ADRI SHALL BE TO ENGAGE IN MEDICAL RESEARCH, INCL BASIC AND CLINICAL INVESTIGATIONS INTO THE NATURE,DIAGNOSIS,TREATMENT & CURE OF METABOLIC DISORDERS SUCH AS DIABETES,INCLUDE THE MEDICAL TECH,SO THAT IT MAY BE MADE ABLE TO BE DELIVERED TO DIABETIC PEOPLE THE WORLD OVER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIABETES RESEARCH AND RELATED LAB TESTS & ACTIVIATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yasuo Takegoshi Director | Trustee | 2 | $0 |
Thomas Aoki MD President & CEO | OfficerTrustee | 10 | $0 |
Adeline Mueller Secretary | OfficerTrustee | 20 | $0 |
Joyce Johnston Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,787 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,787 |
| Total Program Service Revenue | $32,107 |
| Investment income | $1,725 |
| 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 | $112,619 |
| 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 | $53,912 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,477 |
| Payroll taxes | $4,348 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,640 |
| 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 | $577 |
| Office expenses | $3,814 |
| Information technology | $3,097 |
| 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 | $16 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $25,149 |
| All other expenses | $6,087 |
| Total functional expenses | $144,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,034 |
| Savings and temporary cash investments | $90 |
| 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 |
| Net Land, buildings, and equipment | $24,792 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,916 |
| Accounts payable and accrued expenses | $1,056 |
| 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 | $1,369,700 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,370,756 |
| Net assets without donor restrictions | -$1,330,840 |
| 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 | $39,916 |