Rady Childrens Hospital Research Center
- Assets
- $35.6m
- Revenue
- $23.1m
- Investments
- $3.3m
- Employees
- 103
- Location
- San Diego, CA
- Founding
- 06/1983
- Data as of
- 06/2023
- EIN
- 95-3814185
Organization Overview
Rady Childrens Hospital Research Center, operating under the name Rady Children's Institute For Genomic Medicine, is located in San Diego, CA. The organization was established in 1983. According to its NTEE Classification (H96) the organization is classified as: Neurology & Neuroscience Research, under the broad grouping of Medical Research and related organizations. As of 06/2023, Rady Children's Institute For Genomic Medicine employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rady Children's Institute For Genomic 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 06/2023, Rady Children's Institute For Genomic Medicine generated $23.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $31.7m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
RADY CHILDREN'S HOSPITAL RESEARCH CENTER WAS FORMED TO ENGAGE IN SCIENTIFIC MEDICAL RESEARCH ON BEHALF OF RADY CHILDREN'S HOSPITAL - SAN DIEGO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OTHE ENTITY WAS ORIGINALLY ESTABLISHED1) TO ENGAGE IN SCIENTIFIC MEDICAL RESEARCH TO FIND CURES AND TREATMENTS FOR DISEASES AND DISORDERS WHICH AFFECT CHILDREN;2) TO DEVELOP CLINICAL PROGRAMS AND TECHNIQUES FOR THE TREATMENT OF CHILDREN WITH PHYSIOLOGICAL OR MENTAL DISORDERS, AND FOR HANDICAPPED CHILDREN;3) TO ENGAGE IN, CARRY ON, AND CONDUCT CLINICAL RESEARCH TO DISCOVER AND IMPLEMENT MULTIDISCIPLINARY METHODS AND TECHNIQUES FOR THE DIAGNOSIS AND TREATMENT OF PEDIATRIC AND ADOLESCENT ONSET OF DISEASES, DISORDERS, AND LEARNING DISABILITIES;4) TO RESEARCH ADULT ONSET DISEASES, DISORDERS, AND DISABILITIES FOR WHICH THIS CORPORATION DEVELOPS SPECIAL TECHNIQUES OR EXPERTISE BASED ON ITS EXPERIENCES WITH PEDIATRIC AND ADOLESCENT PATIENTS; AND5) TO PUBLISH THESES, BULLETINS, DISSERTATIONS AND OTHER WORKS IN PEDIATRIC HEALTH CARE AND DIAGNOSIS WRITTEN BY PERSONNEL OF THIS CORPORATION OR OTHERS, AND TO OTHERWISE DISSEMINATE AND MAKE FREELY AVAILABLE TO THE GENERAL PUBLIC THE RESULTS AND APPLICATIONS OF THE FUNDAMENTAL AND APPLIED RESEARCH AND ANALYTICAL STUDIES PERFORMED BY THIS CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine J Mackey PHD Board Member | Trustee | 2 | $0 |
David A Brenner MD Board Member | Trustee | 2 | $0 |
David F Hale Chair | OfficerTrustee | 4 | $0 |
Donald B Kearns MD Mmm Ex-Officio, Board Member | Trustee | 2 | $0 |
Donald J Rosenberg ESQ Board Member | Trustee | 2 | $0 |
G Diego Miralles MD Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Illumina Inc Equipment Services | 6/29/23 | $5,005,617 |
Ucsd Regents Medical Services | 6/29/23 | $1,213,731 |
Teksystems Inc Agency/contractor | 6/29/23 | $604,775 |
Toptal Llc Agency/contractor | 6/29/23 | $338,740 |
Fabric Genomics Inc Software Subscription | 6/29/23 | $300,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $7,811,512 |
| Government grants | $1,322,811 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,973,712 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,108,035 |
| Total Program Service Revenue | $8,291,344 |
| Investment income | $311,319 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $397,170 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,136,067 |
| 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. | $2,431,729 |
| Compensation of current officers, directors, key employees. | $1,997,005 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,737,774 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,644,330 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $426,333 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,008 |
| Fees for services: Other | $5,893,996 |
| Advertising and promotion | $76,764 |
| Office expenses | $78,158 |
| Information technology | $1,547,785 |
| Royalties | $0 |
| Occupancy | $1,723,217 |
| Travel | $175,380 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $281,341 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,298,343 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $31,666,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,262 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $53,720 |
| Accounts receivable, net | $3,930,263 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $406,147 |
| Prepaid expenses and deferred charges | $406,681 |
| Net Land, buildings, and equipment | $3,040,105 |
| Investments—publicly traded securities | $21,441,886 |
| Investments—other securities | $3,263,304 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,814,993 |
| Total assets | $35,561,361 |
| Accounts payable and accrued expenses | $1,930,093 |
| Grants payable | $0 |
| Deferred revenue | $390,713 |
| 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 | $2,320,806 |
| Net assets without donor restrictions | $15,044,699 |
| Net assets with donor restrictions | $18,195,856 |
| 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 | $35,561,361 |