Moody Medical Research Institute
- Assets
- $19.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 15
- Location
- Galveston, TX
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-0744842
Organization Overview
Moody Medical Research Institute is located in Galveston, TX. The organization was established in 2019. According to its NTEE Classification (E05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Health Care and related organizations. As of 12/2022, Moody Medical Research Institute employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moody Medical 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 12/2022, Moody Medical Research Institute generated $1.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.9% each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MOODY MEDICAL RESEARCH INSTITUTE (MMRI) IS DIRECTLY ENGAGED IN THE CONTINUOUS ACTIVE CONDUCT OF MEDICAL RESEARCH IN THE STATE OF TEXAS IN CONJUNCTION WITH AFFILIATE HOSPITALS, INCLUDING CHILDREN'S HEALTH CLINICAL OPERATIONS (DBA CHILDREN'S MEDICAL CENTER OF DALLAS), CHILDREN'S MEDICAL RESEARCH INSTITUTE AT THE UNIVERSITY OF TEXAS (CRI), AND THE UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Moody President | OfficerTrustee | 1 | $0 |
Frances A Moody-Dahlberg Treasurer | OfficerTrustee | 1 | $0 |
Ross R Moody Secretary | OfficerTrustee | 1 | $0 |
Thomas Blackwell MD Director | Trustee | 1 | $0 |
Jack Moody Director | Trustee | 1 | $0 |
Jamie G Williams CEO (from August 2022) | Officer | 20 | $95,778 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,200,000 |
| 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 | $1,200,000 |
| Total Program Service Revenue | $0 |
| Investment income | $513,358 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$382,245 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,331,113 |
| 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. | $95,778 |
| Compensation of current officers, directors, key employees. | $9,578 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $487,794 |
| Pension plan accruals and contributions | $40,002 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $89,805 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,768 |
| Fees for services: Other | $15,057 |
| Advertising and promotion | $0 |
| Office expenses | $21,280 |
| Information technology | $1,460 |
| Royalties | $0 |
| Occupancy | $152,012 |
| 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 | $2,899 |
| All other expenses | $0 |
| Total functional expenses | $2,150,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $217,386 |
| 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 | $0 |
| Investments—publicly traded securities | $18,879,987 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $464,455 |
| Total assets | $19,561,828 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $19,561,828 |
| 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 | $19,561,828 |