Biomedical Research Institute Of New Mexico
- Assets
- $18.2m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 52
- Location
- Albuquerque, NM
- Founding
- 12/1989
- Data as of
- 09/2023
- 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 09/2023, Biomedical Research Institute Of New Mexico employed 52 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 09/2023, Biomedical Research Institute Of New Mexico generated $6.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $6.3m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 8 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 18 individual grants totaling $1,799,250. 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
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
RETAINED APPROVAL OF 35% OH RATE FROM DHHS. CONTINUED INCREASE IN INFRASTRUCTURE FOR CLINICAL TRIALS TO PROVIDE LEADING EDGE MEDICINE TO THE VETERANS. PERSIST WITH A PLAN TO DIVEST THE CSP BUILDING FROM BRINM OWNERSHIP. CONTINUED TO SERVE AS 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Hickey Manu Spec | 40 | $124,114 | |
Lisa Gallegos Hr Admin | 40 | $123,598 | |
Daniel Sandweiss Executive Di | 40 | $115,724 | |
Tim Hasselbach Network Admi | 40 | $108,964 | |
David Hunt Center Portf | 40 | $104,409 | |
Jennifer Hogan Executive Di | Officer | 40 | $70,682 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Betterton Technical Services Consulting | 9/29/20 | $136,688 |
Management Iq Llc Consulting | 9/29/20 | $268,231 |
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 | $547,907 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $547,907 |
| Total Program Service Revenue | $5,711,970 |
| Investment income | $253,059 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,940 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,572,325 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $157,449 |
| 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. | $113,350 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,492,291 |
| Pension plan accruals and contributions | $60,460 |
| Other employee benefits | $315,269 |
| Payroll taxes | $195,851 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,445 |
| Fees for services: Accounting | $118,137 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,671,050 |
| Advertising and promotion | $2,885 |
| Office expenses | $149,680 |
| Information technology | $35,056 |
| Royalties | $0 |
| Occupancy | $38,028 |
| Travel | $22,676 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,045 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $299,249 |
| Insurance | $46,049 |
| All other expenses | $8,963 |
| Total functional expenses | $6,276,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,387,202 |
| Savings and temporary cash investments | $10,346,266 |
| Pledges and grants receivable | $1,277,405 |
| Accounts receivable, net | $52,470 |
| 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 | $135,379 |
| Net Land, buildings, and equipment | $3,959,953 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,158,675 |
| Accounts payable and accrued expenses | $1,886,260 |
| Grants payable | $0 |
| Deferred revenue | $3,876,555 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,561,145 |
| 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 | $9,323,960 |
| Net assets without donor restrictions | $8,834,715 |
| 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 | $18,158,675 |
Grants Awarded
Over the last fiscal year, Biomedical Research Institute Of New Mexico has awarded $157,449 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF KU CENTER FOR RES | | | $19,820 |
BALTIMORE RESEARCH AND EDUCATION FO | | | $137,629 |