Glenn Foundation For Medical Research Inc
- Assets
- $180.3m
- Revenue
- $5.6m
- Investments
- $107.4m
- Employees
- 0
- Location
- Edmond, OK
- Founding
- 04/1995
- Data as of
- 09/2023
- EIN
- 86-0710305
Organization Overview
Glenn Foundation For Medical Research Inc is located in Edmond, OK. The organization was established in 1995. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glenn Foundation For Medical Research Inc 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, Glenn Foundation For Medical Research Inc generated $5.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $10.5m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Glenn Foundation For Medical Research Inc has awarded 38 individual grants totaling $21,799,627. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark R Collins President, Director | 40 | $292,882 | |
K Leonard Judson Ceo,secretary,treasurer, Director | 20 | $0 | |
A Ray Copeland Assistant Treasurer, Director | 10 | $0 | |
Jack N Rudel Assistant Secretary, Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Copeland Trotter & Norman Pc | 9/29/23 | $199,575 |
Kevin J Lee | 9/29/23 | $120,066 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,934 |
| Dividends & Interest | $9,420,856 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,833,374 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,515 |
| Total Revenue | $5,608,931 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $292,882 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $30,361 |
| Interest | $35,603 |
| Taxes | $495,204 |
| Depreciation | $0 |
| Occupancy | $5,850 |
| Travel, conferences, and meetings | $3,281 |
| Printing and publications | $0 |
| Other expenses | $1,384,899 |
| Total operating and administrative expenses | $2,486,099 |
| Contributions, gifts, grants paid | $8,038,499 |
| Total expenses and disbursements | $10,524,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $71,332,291 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $1,479,609 |
| 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 | $4,279,941 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $29,250 |
| Total assets | $180,263,788 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $4,437,488 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $243,202 |
| Total liabilities | $4,680,690 |
Grants Awarded
Over the last fiscal year, Glenn Foundation For Medical Research Inc has awarded $8,038,499 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN AGING ASSOCIATION PURPOSE: MEDICAL RESEARCH | $10,000 |
AMERICAN FEDERATION FOR AGING RESEARCH PURPOSE: MEDICAL RESEARCH | $4,157,250 |
BUCK INSTITUTE PURPOSE: MEDICAL RESEARCH | $525,000 |
GERONTOLOGICAL SOCIETY OF AMERICA PURPOSE: MEDICAL RESEARCH | $15,000 |
HARVARD MEDICAL SCHOOL PURPOSE: MEDICAL RESEARCH | $800,000 |
HEALTH RESEARCH ALLIANCE PURPOSE: MEDICAL RESEARCH | $3,125 |