Arkansas Childrens Hospital Research Institute
- Assets
- $47.9m
- Revenue
- $28.0m
- Investments
- $0.0
- Employees
- 142
- Location
- Little Rock, AR
- Founding
- 01/1991
- Data as of
- 06/2020
- EIN
- 71-0694931
Organization Overview
Arkansas Childrens Hospital Research Institute is located in Little Rock, AR. The organization was established in 1991. According to its NTEE Classification (H98) the organization is classified as: Pediatrics Research, under the broad grouping of Medical Research and related organizations. As of 06/2021, Arkansas Childrens Hospital Research Institute employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Childrens Hospital 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 06/2020, Arkansas Childrens Hospital Research Institute generated $28.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $29.7m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Arkansas Childrens Hospital Research Institute has awarded 15 individual grants totaling $2,142,737. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE CHILDREN'S HEALTH, DEVELOPMENT AND WELL-BEING THROUGH HIGH QUALITY RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING FY21, ARKANSAS CHILDREN'S RESEARCH INSTITUTE (ACRI) RECEIVED NEW AWARDS FROM THE NATIONAL INSTITUTE OF HEALTH (NIH) INCLUDING $2.1 MILLION TO CONTINUE AS A MEMBER OF A PEDIATRIC CLINICAL TRIAL NETWORK THAT PROVIDES CHILDREN IN MEDICALLY UNDERSERVED OR RURAL AREAS ACCESS TO CLINICAL STUDIES ON ENVIRONMENTAL INFLUENCES ON EARLY DEVELOPMENT AND $550,000 FOR VERIFYING A GENETIC TARGET FOR POTENTIAL TREATMENTS THAT REDUCE LIFE-THREATENING ASTHMA ATTACKS IN CHILDREN. ACRI WAS ALSO ABLE TO RECRUIT 3 NEW RESEARCH SCIENTISTS DURING THE FISCAL YEAR, ONE OF WHICH IS LEADING THE USDA-SUPPORTED ARKANSAS CHILDREN'S NUTRITION CENTER. ACRI PROVIDED THE RESEARCH INFRASTRUCTURE TO OVER 120 RESEARCHERS WHO PUBLISHED THEIR SCIENTIFIC FINDINGS IN OVER 270 PEER-REVIEWED SCIENTIFIC JOURNAL ARTICLES, OF WHICH 30.6% OF THE PUBLICATIONS APPEARED IN THE TOP 10% RANKING JOURNALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Brady Research Vp/coo | Officer | 50 | $237,521 |
Jill Hernandez Pharmacy Coordinator | 45 | $132,802 | |
Phaedra Yount Grants & Contracts Admin. Director | 40 | $122,420 | |
Blake Harrison Animal Research Director | 42 | $112,205 | |
Robbie Robinette Sr. Software Developer | 44 | $112,036 | |
Stacie Jones MD Board Vice Chair/director | Trustee | 7.16 | $71,186 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Of Arkansas For Medical Scien Medical Services | 6/29/20 | $12,112,020 |
Bernhard Tme Llc Utility Management Services | 6/29/20 | $295,444 |
Nabholz Construction Corp General Construction Contractor | 6/29/20 | $2,776,645 |
University Of California Medical Services | 6/29/20 | $196,261 |
University Of Arkansas For Medical Scien Medical Services | 6/29/20 | $12,112,020 |
Nabholz Construction Corp General Construction Contractor | 6/29/20 | $2,776,645 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,544,223 |
| Investment income | $244,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $91,655 |
| Net Gain/Loss on Asset Sales | $2,592 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,013,830 |
| 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. | $511,868 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,946,399 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,262,772 |
| Payroll taxes | $0 |
| Fees for services: Management | $33,650 |
| Fees for services: Legal | $14,501 |
| Fees for services: Accounting | $34,925 |
| Fees for services: Lobbying | $20,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,917,199 |
| Advertising and promotion | $67,392 |
| Office expenses | $1,128,953 |
| Information technology | $136,370 |
| Royalties | $0 |
| Occupancy | $712,334 |
| Travel | $193,738 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,710 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,335,728 |
| Insurance | $4,389 |
| All other expenses | $0 |
| Total functional expenses | $29,670,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,923 |
| Savings and temporary cash investments | $22,585,172 |
| Pledges and grants receivable | $2,717,380 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,085,277 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $178,950 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $102,443 |
| Total assets | $47,901,843 |
| Accounts payable and accrued expenses | $3,102,479 |
| Grants payable | $0 |
| Deferred revenue | $3,617,553 |
| 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 | $167,085 |
| Total liabilities | $6,887,117 |
| 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 | $41,014,726 |
Grants Awarded
Over the last fiscal year, Arkansas Childrens Hospital Research Institute has awarded $152,358 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Little Rock, AR PURPOSE: GENERAL SUPPORT | $133,603 |
Fayetteville, AR PURPOSE: GENERAL SUPPORT | $10,000 |
Little Rock, AR PURPOSE: GENERAL SUPPORT | $8,755 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Arkansas Childrens Hospital Research Institute has recieved totaling $345,590.
| Awarding Organization | Amount |
|---|---|
Cystic Fibrosis Foundation Bethesda, MD PURPOSE: CF CARE CENTER | $154,910 |
Public Health Institute Oakland, CA PURPOSE: Research | $75,900 |
La Jolla Institute For Immunology La Jolla, CA PURPOSE: SUBRECIPIENT AWARD | $43,830 |
Families Of Sma Elk Grove Village, IL PURPOSE: CARE CENTER NETWORK | $32,900 |
Food Allergy Research & Education Inc Mclean, VA PURPOSE: MEDICAL RESEARCH | $25,000 |
Institute For Advanced Clinical Trials For Children Rockville, MD PURPOSE: ADMINISTRATIVE STARTUP FEE | $7,500 |
Endowment Analysis
| Beg. Balance | $44,780,179 |
| Earnings | $11,054,158 |
| Net Contributions | $15,087,592 |
| Other Expense | $120,309 |
| Ending Balance | $70,801,620 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arkansas Childrens Hospital Research Institute Little Rock, AR | $47,901,843 | $28,013,830 |
Childrens Medical Center Research Institute At The University Of Tex Dallas, TX | $3,647,236 | $5,406,938 |
Childrens Medical Research Inc Oklahoma City, OK | $19,787,168 | $6,186,741 |
Childrens Foundation Research Institute Memphis, TN | $0 | $2,772,489 |
Cumberland Pediatric Foundation Brentwood, TN | $2,375,131 | $1,216,155 |
Fleur De Lis Saint Louis, MO | $455,129 | $519,087 |