Aurum Institute Usa
- Assets
- $1.4m
- Revenue
- $386.6k
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 09/2016
- Data as of
- 12/2022
- EIN
- 81-2252111
Organization Overview
Aurum Institute Usa is located in New York, NY. The organization was established in 2016. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aurum Institute USA 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 12/2022, Aurum Institute USA generated $386.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $357.7k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CARRY ON AND SUPPORT SCIENTIFIC RESEARCH, HEALTH SYSTEMS DEVELOPMENT, STRENGTHENING AND IMPLEMENTATION, HEALTH SCIENCE EDUCATION AND DEVELOPMENT AND HEALTH COUSULTING, IN THE FIELD OF POVERTY-RELATED COMMUNICABLE AND NON-COMMUNICABLE DISEASES (WITH A PARTICULAR EMPHASIS ON HIV/AIDS AND TUBERCULOSIS), FOR THE BENEFIT OF POOR, DISTRESSED, UNDER-PRIVILEGED AND VULNERABLE COMMUNITIES AND SOCIETIES AROUND THE WORLD, AND ANY OTHER ACTIVITIES RELATED THERETO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CARRY ON AND SUPPORT SCIENTIFIC RESEARCH, HEALTH SYSTEMS DEVELOPMENT, STRENGTHENING AND IMPLEMENTATION, HEALTH SCIENCE EDUCATION AND DEVELOPMENT AND HEALTH CONSULTING, IN THE FIELD OF POVERTY-RELATED COMMUNICABLE AND NON-COMMUNICABLE DISEASES (WITH A PARTICULAR EMPHASIS ON HIV/AIDS AND TUBERCULOSIS), FOR THE BENEFIT OF POOR, DISTRESSED, UNDER-PRIVILEGED AND VULNERABLE COMMUNITIES AND SOCIETIES AROUND THE WORLD, AND ANY OTHER ACTIVITIES RELATED THERETO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gavin J Churchyard CEO | OfficerTrustee | 1 | $0 |
Robert Wallis Chief Sci Officer | 0 | $321,613 | |
Dr David A Clark Secretary | Officer | 1 | $0 |
Arshad Hassim Treasurer | Officer | 1 | $0 |
Phangisile Mtshali Director | Trustee | 1 | $0 |
Thomas J Coates Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,364 |
| All other contributions, gifts, grants, and similar amounts not included above | $147,281 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,645 |
| Total Program Service Revenue | $213,556 |
| Investment income | $18 |
| 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 | $386,629 |
| 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 | $321,613 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,100 |
| Fees for services: Accounting | $3,300 |
| 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 | $0 |
| 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 | $0 |
| Insurance | $8,906 |
| All other expenses | $0 |
| Total functional expenses | $357,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,302,771 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,724 |
| 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 | $1,368,495 |
| Accounts payable and accrued expenses | $3,007 |
| 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 | $1,201,618 |
| Total liabilities | $1,204,625 |
| Net assets without donor restrictions | $163,870 |
| 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 | $1,368,495 |