Kinetic Research Corporation
- Assets
- $0.0
- Revenue
- $584.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Dexter, MI
- Founding
- 05/2018
- Data as of
- 12/2020
- EIN
- 82-3269009
Organization Overview
Kinetic Research Corporation is located in Dexter, MI. The organization was established in 2018. According to its NTEE Classification (H60) the organization is classified as: Allergy-Related 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. Kinetic Research Corporation 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 12/2020, Kinetic Research Corporation generated $584.2k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $644.8k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUISTION, INSTALLATION, TRAINING AND TUNING OF SPEE3D COLD SPRAY MACHINE.
ACQUISTION, INSTALLATION, TRAINING AND TUNING OF SPEE3D COLD SPRAY MACHINE.
ACQUISTION, INSTALLATION, TRAINING AND TUNING OF SPEE3D COLD SPRAY MACHINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent B Herrick President | 1 | $2,000 | |
Michael A Indenbaum Secretary | 1 | $0 | |
Lisa Herrick Parker President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $91,227 |
| Interest on Savings | $12 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $493,001 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $584,240 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $181 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,076 |
| Total operating and administrative expenses | $151,822 |
| Contributions, gifts, grants paid | $493,001 |
| Total expenses and disbursements | $644,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Van Andel Research Institute Grand Rapids, MI | $289,629,145 | $88,891,678 |
Stowers Institute For Medical Research Kansas City, MO | $238,524,295 | $116,367,619 |
Institute For Cancer Research Philadelphia, PA | $148,137,241 | $82,576,402 |
Wistar Institute Of Anatomy & Biology Philadelphia, PA | $414,460,000 | $115,831,000 |
American Association For Cancer Research Philadelphia, PA | $261,131,206 | $103,171,549 |
Philadelphia Fight Philadelphia, PA | $17,499,427 | $51,561,885 |
Stanley Manne Childrens Research Institute Chicago, IL | $169,123,650 | $39,027,696 |
Nsabp Foundation Inc Pittsburgh, PA | $90,333,934 | $55,869,172 |
Hennepin Healthcare Research Institute Minneapolis, MN | $65,628,312 | $47,615,744 |
Alliance For Clinical Trials In Oncology Foundation Chicago, IL | $119,602,728 | $39,942,446 |
Trilogy Inc Chicago, IL | $15,390,124 | $38,855,480 |
Family Institute Evanston, IL | $24,399,945 | $35,971,873 |