Biomedical Research Institute Of New Mexico
- Assets
- $13.2m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 70
- Location
- Albuquerque, NM
- Founding
- 12/1989
- Data as of
- 09/2021
- EIN
- 85-0374063
Organization Overview
Biomedical Research Institute Of New Mexico is located in Albuquerque, NM. The organization was established in 1989. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 09/2021, Biomedical Research Institute Of New Mexico employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Biomedical Research Institute Of New Mexico 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 09/2021, Biomedical Research Institute Of New Mexico generated $8.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $8.1m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Biomedical Research Institute Of New Mexico has awarded 12 individual grants totaling $1,245,076. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE HIGH QUALITY SCIENTIFIC RESEARCH AND EDUCATION IMPROVING HEALTHCARE, MEDICAL TREATMENT AND QUALITY OF LIFE FOR OUR NATION'S VETERANS AND, ULTIMATELY, THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRINM ACHIEVED BUDGET SURPLUS AFTER 5 YEARS OF DEFICITS THAT RANGED FROM 571,000 TO 2.372 MILLION AND INCREASED REVENUE BY 44%. WE CONTINUED TO SUPPORT COVID-19 VACCINE TRIAL ON CAMPUS, RECEIVED APPROVAL OF A 35% OVERHEAD RATE FROM HHS, A 15% INCREASE FROM THE PREVIOUS RATE. WE ALSO HIRED A DIRECTOR OF FINANCE TO REPLACE A CONTRACTED ACCOUNTING FIRM, TO WHICH THE ROLE WAS OUTSOURCED. WE DEVELOPED A STRATEGIC PLAN SUPPORTED BY THE BOARD, WHICH WAS USED TO INCREASE INFRASTRUCTURE FOR CLINICAL TRIALS AND TO MOVE FORWARD A PLAN TO DIVEST THE CSP BUILDING FROM BRINM OWNERSHIP. WE CONTINUED TO SERVE AS A FLEXIBLE FUNDING MECHANISM FOR PROJECTS INCLUDING RESEARCH INTO OPIATE ADDICTION, LONG TERM PHENTERMINE TRIAL, STROKE PREVENTION, LOWERING LIPID LEVELS IN OLDER ADULTS, AND MUCH MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexa Goldberg Pharmacist | 40 | $125,401 | |
Jan Hickey Manufact. Sp | 40 | $121,337 | |
Lisa Gallegos Hr Administr | 40 | $121,174 | |
Jolene Day Pharm. Proje | 40 | $100,008 | |
Daniel Sandweiss Excutive Dir | Officer | 40 | $45,554 |
Brent Wagner MD Ms President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Management Iq Llc Consulting | 9/29/20 | $268,231 |
Betterton Technical Services Consulting | 9/29/20 | $136,688 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,005,505 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,121,015 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,126,520 |
| Total Program Service Revenue | $0 |
| Investment income | $26,830 |
| 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 | $8,153,350 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $595,613 |
| 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. | $53,362 |
| Compensation of current officers, directors, key employees. | $4,416 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,463,156 |
| Pension plan accruals and contributions | $109,240 |
| Other employee benefits | $452,257 |
| Payroll taxes | $264,180 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,343 |
| Fees for services: Accounting | $154,878 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $789,970 |
| Advertising and promotion | $9,004 |
| Office expenses | $303,574 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $33,793 |
| 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 | $282,440 |
| Insurance | $41,608 |
| All other expenses | $50,564 |
| Total functional expenses | $8,132,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,740,090 |
| Savings and temporary cash investments | $6,010,704 |
| Pledges and grants receivable | $874,425 |
| Accounts receivable, net | $4,982 |
| 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 | $28,317 |
| Net Land, buildings, and equipment | $4,540,635 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,199,153 |
| Accounts payable and accrued expenses | $583,687 |
| Grants payable | $0 |
| Deferred revenue | $1,093,580 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,811,838 |
| 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 | $4,489,105 |
| Net assets without donor restrictions | $8,710,048 |
| 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 | $13,199,153 |
Grants Awarded
Over the last fiscal year, Biomedical Research Institute Of New Mexico has awarded $595,613 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ARIZONA | | | $267,382 |
Durham, NC | | $126,977 |
UNIVERSITY OF KANSAS | | | $94,750 |
Lexington, KY | | $56,504 |
Albuquerque, NM | | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Biomedical Research Institute Of New Mexico has recieved totaling $189,063.
| Awarding Organization | Amount |
|---|---|
Fred Hutchinson Cancer Research Center Seattle, WA PURPOSE: VACCINE AND INFECTIOUS DISEASE | $189,063 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Research Corporation Tucson, AZ | $242,008,144 | $26,138,153 |
Southwest Autism Research And Resource Center Phoenix, AZ | $18,925,029 | $16,667,407 |
Clayton Foundation For Research Houston, TX | $144,911,994 | $10,982,705 |
Biomedical Research Institute Of New Mexico Albuquerque, NM | $13,199,153 | $8,153,350 |
Glenn Foundation For Medical Research Inc Phoenix, AZ | $192,520,690 | $23,653,368 |
Kidney Cancer Association Houston, TX | $23,316,300 | $6,390,706 |
Cholangiocarcinoma Foundation Salt Lake City, UT | $4,018,118 | $4,935,665 |
Fractionation Research Inc Stillwater, OK | $7,018,117 | $4,169,009 |
Colorado Wheat Research Foundation Inc Fort Collins, CO | $552,396 | $3,293,864 |
National Community Health Partners Sahuarita, AZ | $263,343 | $3,493,424 |
Institute For Ethnomedicine Inc Provo, UT | $4,594,183 | $3,175,275 |
Project Mend San Antonio, TX | $5,310,736 | $1,583,732 |