The Morris L Lichtenstein Jr Medical Research Foundation
- Assets
- $12.2m
- Revenue
- $768.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Corpus Christi, TX
- Founding
- 04/1996
- Data as of
- 07/2023
- EIN
- 74-2757309
Organization Overview
The Morris L Lichtenstein Jr Medical Research Foundation is located in Corpus Christi, TX. The organization was established in 1996. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 07/2023, Morris L Lichtenstein Jr Medical Research Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morris L Lichtenstein Jr Medical Research Foundation 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 07/2023, Morris L Lichtenstein Jr Medical Research Foundation generated $768.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (22.1%) each year. All expenses for the organization totaled $981.8k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Morris L Lichtenstein Jr Medical Research Foundation has awarded 21 individual grants totaling $660,624. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PRINCIPAL PURPOSE AND ACTIVITY IS TO CONDUCT MEDICAL RESEARCH IN COLLABORATION WITH ONE OR MORE NOT-FOR-PROFIT HOSPITALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN COLLABORATION WITH THE UNIVERSITY OF TEXAS AT AUSTIN AND CHRISTUS SPOHN HOSPITAL SOUTH, FOUNDATION MEDICAL DIRECTOR M. WILSON, M.D. AND PRINCIPAL INVESTIGATOR PETER THOMAS, PH.D. ARE INVESTIGATING THE DUAL HORMONAL CONTROLS OF HUMAN VASCULAR CELL FUNCTIONS AND ROLES IN HUMAN DISEASES SUCH AS INFERTILITY, CANCER DEVELOPMENT, PRETERM BIRTH AND HYPERTENSION. (THOMAS IV STUDY)
GENERAL AND FUTURE RESEARCH PROJECTS; GRANTS TO OTHER 501(C)(3) ORGANIZATIONS
IN COLLABORATION WITH THE UNIVERSITY OF TEXAS A&M HEALTH SCIENCE CENTER AND CATHOLIC HEALTH INITIATIVES ST. JOSEPH HEALTH REGIONAL HOSPITAL, FOUNDATION MEDICAL DIRECTOR M. WILSON, M.D. AND PRINCIPAL INVESTIGATOR, MAHUA CHOUDHURY, PH.D. ARE INVESTIGATING DIET AND DIABETES IN A TRANS GENERATIONAL EPIGENETIC STUDY. THE PROJECT SEEKS TO PREDICT THE EARLY ONSET OF DIABETES AND ADVANCE IN PREVENTIVE TREATMENT PROTOCOLS FOR DIABETES. (CHOUDHURY STUDY)
THIS STUDY IS RESEARCHING THE IMPACT OF PARENTCORPS IN CORPUS CHRISTI INDEPENDENT SCHOOL DISTRICT ON STUDENT EMOTIONAL, MENTAL AND PHYSICAL HEALTH AND ACADEMIC ACHIEVEMENT IN FAMILIES LIVING IN POVERTY. PARENT AND TEACHER WELL-BEING IS ALSO INVESTIGATED. PARENTCORPS IS A COMPREHENSIVE SCHOOL-BASED, FAMILY CENTERED INTERVENTION THAT PROMOTES FOUNDATIONAL SKILLS IN PRE-KINDERGARTEN AND KINDERGARTEN. THE RESEARCH IS A COLLABORATION WITH UNIVERSITY OF TEXAS AUSTIN AND NEW YORK UNIVERSITY HOSPITAL, WITH DR. ESTHER CALZADA AS PRINCIPAL INVESTIGATOR. (PARENTCORPS STUDY)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles W Thomasson President / | OfficerTrustee | 15 | $35,988 |
Allen Borden Treasurer / | OfficerTrustee | 2 | $7,400 |
Greg Marks Vice Preside | Trustee | 2 | $7,400 |
Melissa Marks Trustee | Trustee | 1 | $6,800 |
Marcia Marks Trustee | OfficerTrustee | 1 | $6,400 |
Samuel Beecroft Secretary / | OfficerTrustee | 1 | $5,400 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The University Of Texas At Austin Research | 7/30/23 | $294,886 |
Texas A&m Health Science Center Research | 7/30/23 | $181,869 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $310,900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $451,058 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $768,673 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $210,750 |
| 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. | $78,721 |
| Compensation of current officers, directors, key employees. | $71,231 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,398 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,410 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,510 |
| Fees for services: Accounting | $17,199 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,627 |
| Fees for services: Other | $476,755 |
| Advertising and promotion | $0 |
| Office expenses | $3,530 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,236 |
| Travel | $2,467 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $850 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,377 |
| Insurance | $26,717 |
| All other expenses | $107 |
| Total functional expenses | $981,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,120 |
| Savings and temporary cash investments | $141,587 |
| 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 | $21,918 |
| Investments—publicly traded securities | $11,920,341 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,413 |
| Total assets | $12,185,379 |
| Accounts payable and accrued expenses | $1,468 |
| 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 | $1,468 |
| Net assets without donor restrictions | $12,183,911 |
| 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 | $12,185,379 |
Grants Awarded
Over the last fiscal year, The Morris L Lichtenstein Jr Medical Research Foundation has awarded $210,750 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS A&M UNIVERSITY - CRP CHRISTI PURPOSE: SCHOLARSHIPS, ETC | $160,000 |
COASTAL BEND COMMUNITY FOUNDATION PURPOSE: MATCHING GRANT | $25,000 |
CORPUS CHRISTI CHAMBER MUSIC SOC PURPOSE: SPONSOR PERFORMANCE | $19,000 |
KEDT-TV PURPOSE: SPONSOR PROGRAMS | $6,750 |