California Institute For Medical Research
- Assets
- $1.1m
- Revenue
- $615.4k
- Investments
- $0.0
- Employees
- 6
- Location
- San Jose, CA
- Founding
- 09/1964
- Data as of
- 12/2022
- EIN
- 94-6109289
Organization Overview
California Institute For Medical Research is located in San Jose, CA. The organization was established in 1964. As of 12/2022, California Institute For Medical Research employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Institute For Medical Research 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, California Institute For Medical Research generated $615.4k 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 (6.9%) each year. All expenses for the organization totaled $801.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CIMR PROVIDES A RESOURCE FOR LOCAL HOSPITALS, BIOMEDICAL RESEARCHERS AND DOCTORS BY PROVIDING PHYSICAL FACILITIES FOR RESEARCH PROGRAMS AND THE ADMINISTRATION OF RESEARCH CONTRACTS & GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIMR RESEARCHERS HAVE MADE MAJOR CONTRIBUTIONS. THESE HAVE INCLUDED: IMPROVING THE TREATMENT OF FUNGAL DISEASES SUCH AS VALLEY FEVER, PREVENTION OF RECURRENT HEART ATTACK AND STROKE, INITIATION OF A TRANSPLANT BANK, DEVELOPMENT OF AN ANIMAL MODEL OF PARKINSON'S DISEASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Stevens MD President | OfficerTrustee | 10 | $0 |
David Larwood Director | Trustee | 2 | $0 |
Laurence Mirels MD Director | Trustee | 2 | $0 |
Don Prolo Director | Trustee | 2 | $0 |
Robert Di Blasi MD Director | Trustee | 2 | $0 |
Joanne Prolo Director | Trustee | 2 | $0 |
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 | $55,515 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,515 |
| Total Program Service Revenue | $376,220 |
| Investment income | $6,807 |
| 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 | $615,358 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $334,062 |
| Pension plan accruals and contributions | $33,090 |
| Other employee benefits | $41,902 |
| Payroll taxes | $28,613 |
| 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 | $31,581 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1 |
| 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 | $18,210 |
| Insurance | $28,414 |
| All other expenses | $38,926 |
| Total functional expenses | $801,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $118,846 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,395 |
| 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 | $2,865 |
| Net Land, buildings, and equipment | $226,835 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $747,823 |
| Total assets | $1,101,764 |
| Accounts payable and accrued expenses | $111,168 |
| 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 | $111,168 |
| Net assets without donor restrictions | $242,774 |
| Net assets with donor restrictions | $747,822 |
| 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 | $1,101,764 |