Institute For Molecular Medicine
- Assets
- $648.2k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Huntington Beach, CA
- Founding
- 06/1997
- Data as of
- 06/2021
- EIN
- 88-0366979
Organization Overview
Institute For Molecular Medicine is located in Huntington Beach, CA. The organization was established in 1997. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 06/2021, Institute For Molecular Medicine employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Molecular Medicine 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 06/2021, Institute For Molecular Medicine generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. While expenses have increased by 0.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE INSTITUTE FOR MOLECULAR MEDICINE IS TO CONTRIBUTE TO THE UNDERSTANDING OF AND THE PREVENTION AND CURE OF CATASTROPHIC HUMAN CHRONIC DISEASES, SUCH AS AUTOIMMUNE DISEASES, FATIGUE ILLNESSES, RHEUMATIC DISEASES, CANCER, AIDS, AND INFECTIOUS AND GENETIC DISEASES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH/COMMUNITY SERVICE - THE INSTITUTE CONDUCTS MULTIFACETED, CROSS-DISCIPLINARY AND MULTI-NATIONAL RESEARCH, INCLUDING RESEARCH AND ITS TRANSLATION LEADING TO CLINICAL APPLICATIONS OF NEW DIAGNOSTIC AND THERAPEUTIC APPROACHES TO CONQUERING CATASTROPHIC CHRONIC DISEASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Agadjanyan Dscphd V.pres/treas. | OfficerTrustee | 40 | $188,650 |
Anna Agadjanyan Financial Dir. | Officer | 30 | $160,000 |
Anahit Ghochikyan PHD Board Member | Trustee | 40 | $120,000 |
Garth L Nicolson PHD President/secr. | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,822,542 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,873,942 |
| Total Program Service Revenue | $0 |
| Investment income | $32 |
| 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 | $1,873,974 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $255,801 |
| 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. | $524,663 |
| Compensation of current officers, directors, key employees. | $320,753 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $181,267 |
| Pension plan accruals and contributions | $3,168 |
| Other employee benefits | $14,496 |
| Payroll taxes | $33,689 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $112,462 |
| Advertising and promotion | $0 |
| Office expenses | $44,142 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,740 |
| Travel | $6,423 |
| 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 | $37,538 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,842,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,688 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $325,475 |
| 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 | $4,435 |
| Net Land, buildings, and equipment | $69,522 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,065 |
| Total assets | $648,185 |
| Accounts payable and accrued expenses | $266,492 |
| 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 | $266,492 |
| Net assets without donor restrictions | $381,693 |
| 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 | $648,185 |
Grants Awarded
Over the last fiscal year, Institute For Molecular Medicine has awarded $255,801 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Irvine, CA PURPOSE: Subaward for Research Performance | $240,801 |
Glendale, CA PURPOSE: Support | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Primary Care Association Sacramento, CA | $11,309,164 | $14,655,608 |
Homeless Prenatal Program Inc San Francisco, CA | $24,624,994 | $19,931,597 |
Ufw Foundation Los Angeles, CA | $8,010,755 | $14,069,050 |
Native Health Phoenix, AZ | $14,068,043 | $20,218,525 |
Access To Healthcare Network Inc Reno, NV | $8,319,862 | $17,490,060 |
Working Partnerships Usa San Jose, CA | $7,685,088 | $14,971,452 |
Memorial Medical Center Foundation Long Beach, CA | $273,488,586 | $15,793,957 |
Easterseals Northern California Walnut Creek, CA | $3,933,873 | $11,091,029 |
Shanti Project Inc San Francisco, CA | $6,364,268 | $9,428,062 |
Southwest Center For Hiv Aids Inc Phoenix, AZ | $6,283,391 | $8,911,726 |
Wise & Healthy Aging Santa Monica, CA | $17,748,628 | $9,360,563 |
St Rose Dominican Health Foundation Henderson, NV | $36,096,115 | $10,733,038 |