Huntington Medical Research Institutes
- Assets
- $82.3m
- Revenue
- $16.7m
- Investments
- $5.0m
- Employees
- 66
- Location
- Pasadena, CA
- Founding
- 03/1954
- Data as of
- 09/2021
- EIN
- 95-1757119
Organization Overview
Huntington Medical Research Institutes is located in Pasadena, CA. The organization was established in 1954. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. As of 09/2021, Huntington Medical Research Institutes employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huntington Medical Research Institutes 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, Huntington Medical Research Institutes generated $16.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $13.7m during the year ending 09/2021. While expenses have increased by 5.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING LIVES THROUGH PATIENT FOCUSED SCIENTIFIC RESEARCH.
Describe the Organization's Program Activity:
HMRI'S RESEARCH PROGRAMS ARE FOCUSED ON COMMON DISEASE PROCESSES INCLUDING NEUROLOGIC (ALZHEIMER'S-MIGRAINE), CARDIOVASCULAR, LIVER AND GASTROINTESTINAL, AND MAGNETIC RESONANCE IMAGING THAT SUPPORTS RESEARCH ACROSS HMRI. IN 2020/2021 HMRI RESEARCHERS PUBLISHED PAPERS IN PEER REVIEWED JOURNALS, SERVED ON EDITORIAL BOARDS AND SCIENCE ADVISORY BOARDS, AND PRESENTED THEIR WORK AT CONFERENCES.THE MAJOR SERVICE ACCOMPLISHMENTS OF THE YEAR WERE THE ONGOING SEMINAR SERIES OPEN TO THE PUBLIC COVERING A WIDE RANGE OF TIMELY MEDICAL AND RESEARCH TOPICS, ONGOING ENROLLMENT OF STUDY PARTICIPANTS IN OUR STUDY OF BRAIN AGING.
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 |
|---|---|---|---|
Julia Bradsher President And CEO | Officer | 40 | $424,264 |
Robert Kloner Cso, Director Cardiovascular | Officer | 40 | $340,330 |
Armando Nevarez Treas./vp, Fin/acctg-Thru 6/4/21 | Officer | 40 | $209,207 |
Michael Harrington Dir. Neuroscience -Thru 6/1/21 | Officer | 40 | $195,185 |
Susie Berry Vp, Development | 40 | $148,710 | |
Tamara Sullivan Vp, Research Admin And Compliance | 40 | $147,925 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Regents Of The University Of California Research Services | 9/29/21 | $648,405 |
Cmbs Computer Consulting Services | 9/29/21 | $185,729 |
Sponsored Res Administration Florida S Research Services | 9/29/21 | $170,499 |
Dls Builders Construction Services | 9/29/21 | $117,298 |
California Inst Of Technology Research Services | 9/29/21 | $125,473 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,729,482 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,668,231 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,397,713 |
| Total Program Service Revenue | $865,851 |
| Investment income | $248,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,596 |
| Net Rental Income | $159,207 |
| Net Gain/Loss on Asset Sales | $1,990,976 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,674,865 |
| 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. | $1,246,175 |
| Compensation of current officers, directors, key employees. | $781,814 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,396,808 |
| Pension plan accruals and contributions | $852,009 |
| Other employee benefits | $352,081 |
| Payroll taxes | $298,786 |
| 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 | $35,714 |
| Fees for services: Other | $3,206,882 |
| Advertising and promotion | $0 |
| Office expenses | $490,583 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,187,230 |
| Travel | $50,759 |
| 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 | $1,448,175 |
| Insurance | $262,250 |
| All other expenses | $0 |
| Total functional expenses | $13,748,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286 |
| Savings and temporary cash investments | $4,946,345 |
| Pledges and grants receivable | $7,520,110 |
| Accounts receivable, net | $253,554 |
| 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 | $111,962 |
| Net Land, buildings, and equipment | $32,535,409 |
| Investments—publicly traded securities | $31,726,791 |
| Investments—other securities | $4,998,158 |
| Investments—program-related | $0 |
| Intangible assets | $167,105 |
| Other assets | $0 |
| Total assets | $82,259,720 |
| Accounts payable and accrued expenses | $1,549,030 |
| Grants payable | $0 |
| Deferred revenue | $144,917 |
| 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 | $4,251,809 |
| Total liabilities | $5,945,756 |
| Net assets without donor restrictions | $50,418,042 |
| Net assets with donor restrictions | $25,895,922 |
| 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 | $82,259,720 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Huntington Medical Research Institutes has recieved totaling $1,100,000.
| Awarding Organization | Amount |
|---|---|
James G Boswell Foundation Pasadena, CA PURPOSE: MEDICAL RESEARCH | $1,000,000 |
James G Boswell Foundation Pasadena, CA PURPOSE: MEDICAL RESEARCH | $100,000 |
Endowment Analysis
| Beg. Balance | $33,630,474 |
| Earnings | $7,069,040 |
| Other Expense | $4,284,927 |
| Ending Balance | $36,414,587 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Veterans Medical Research Foundation Of Sd San Diego, CA | $7,321,086 | $16,367,755 |
Huntington Medical Research Institutes Pasadena, CA | $82,259,720 | $16,674,865 |
International Anesthesia Research Society San Francisco, CA | $39,176,119 | $7,595,072 |
California Heart Center Foundation Beverly Hills, CA | $198,494 | $2,474,527 |
House Institute Foundation Los Angeles, CA | $6,887,696 | $1,568,325 |
Fanconi Anemia Research Fund Inc Eugene, OR | $8,601,390 | $4,056,234 |
The Gpcr Institute San Marcos, CA | $1,290,580 | $0 |
Musculoskeletal-Orthopedic Research And Education Foundation Phoenix, AZ | $591,829 | $1,272,150 |
Terasaki Innovation Center Inc Glendale, CA | $6,320,184 | $1,253,217 |
Chan Soon-Shiong Nanthealth Foundation El Segundo, CA | $24,916,368 | $63,681 |
Stemexpress Foundation Folsom, CA | $222,954 | $249,620 |
Alles Institute For Medical Research El Cerrito, CA | $8,526,362 | $1,074,198 |