Rudi Schulte Research Institute
- Assets
- $29.6m
- Revenue
- -$141.4k
- Investments
- $27.0m
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 10/1975
- Data as of
- 11/2021
- EIN
- 95-2919352
Organization Overview
Rudi Schulte Research Institute is located in Santa Barbara, CA. The organization was established in 1975. 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. Rudi Schulte Research Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE CONDUCTS ADVANCED NEUROLOGICAL STUDIES USING MULTINUCLEAR MAGNETIC RESONANCE IMAGING AND SPECTROSCOPY TECHNIQUES TO ELUCIDATE AND SEEK IMPROVED TREATMENTS FOR HYDROCEPHALUS IN INFANTS AND ADULTS. OTHER RESEARCH FOCUSES INCLUDE METABOLIC DISORDERS OF THE BRAIN PRODUCED BY INJURY, DEMENTIA, ALZHEIMER'S AND PARKINSON DISEASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin King MD Research Scientist | 40 | $111,428 | |
Stefan Bluml PHD Research Scientist | 40 | $93,000 | |
Thomas H Weiler MD PHD MBA Director/president | 2 | $0 | |
Frederick W Clough ESQ Director/secretary | 0 | $0 | |
Michael R Franzen CPA Director/treasurer | 3 | $0 | |
J Gordon Mccomb MD Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Westmount Asset Management | 11/29/21 | $77,855 |
Franzen & Franzen Llp | 11/29/21 | $44,640 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $33 |
| Dividends & Interest | $629,695 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$776,371 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,209 |
| Total Revenue | -$141,434 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $309,148 |
| Pension plans, employee benefits | $28,718 |
| Interest | $0 |
| Taxes | $14,536 |
| Depreciation | $9,140 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $925 |
| Printing and publications | $0 |
| Other expenses | $595,913 |
| Total operating and administrative expenses | $1,084,365 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,084,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2 |
| Savings and temporary cash investments | $543,693 |
| Net Accounts receivable | $10,076 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $836,160 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,574 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $20,373 |
| Other assets | $1,141,410 |
| Total assets | $29,604,268 |
| Accounts payable and accrued expenses | $50,322 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $50,322 |
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