Alfred E Mann Institute For Biomedical Engineering At The Usc
- Assets
- $265.2m
- Revenue
- $78.3m
- Investments
- $258.9m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 06/1998
- Data as of
- 06/2021
- EIN
- 95-4684347
Organization Overview
Alfred E Mann Institute For Biomedical Engineering At The Usc is located in Los Angeles, CA. The organization was established in 1998. According to its NTEE Classification (H92) the organization is classified as: Biomedicine & Bioengineering Research, 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. Alfred E Mann Institute For Biomedical Engineering At The Usc 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, Alfred E Mann Institute For Biomedical Engineering At The Usc generated $78.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 51.7% each year . All expenses for the organization totaled $7.3m during the year ending 06/2021. While expenses have increased by 3.6% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND EXPAND HUMAN KNOWLEDGE IN THE BIOMEDICAL AND OTHER SCIENTIFIC FIELDS BY ACTIVELY CONDUCTING BIOMEDICAL AND SCIENTIFIC RESEARCH AND DEVELOPMENT AT THE UNIVERSITY OF SOUTHERN CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles F Zukoski Director And Chair | OfficerTrustee | 0.25 | $0 |
Carolyn Domen-Broshears Secretary | Officer | 0.25 | $0 |
Dennis M Foster Treasurer | Officer | 0.25 | $0 |
Jonathan G Lasch PHD Coo/director Of The Institute | Officer | 50 | $0 |
Carol Folt Director As Of 3/1/21 | Trustee | 0.25 | $0 |
James M Staten Director | Trustee | 0.25 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $78,284,269 |
| 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 | $78,284,269 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $149,560 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $34,152 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $211,457 |
| Travel | $650 |
| 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 | $92,253 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,329,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,013,011 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $225,580 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $258,920,823 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $265,159,414 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $6,238,591 |
| Net assets with donor restrictions | $258,920,823 |
| 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 | $265,159,414 |
Endowment Analysis
| Beg. Balance | $189,774,086 |
| Earnings | $78,092,915 |
| Other Expense | $8,946,178 |
| Ending Balance | $258,920,823 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred E Mann Institute For Biomedical Engineering At The Usc Los Angeles, CA | $265,159,414 | $78,284,269 |
Fogarty Institute For Innovation Mountain View, CA | $12,713,454 | $3,362,432 |
Sens Foundation Inc Mountain View, CA | $3,998,305 | $4,002,442 |
Southern California Institute For Research And Education Long Beach, CA | $7,387,710 | $3,555,949 |
Brentwood Biomedical Research Institute Institute Inc Los Angeles, CA | $0 | $493,229 |
Applied Biomedical Science Institute San Diego, CA | $1,308,035 | $2,682,413 |
Agouron Institute Pasadena, CA | $18,754,799 | $1,205,799 |
Beckman Laser Institute Inc Irvine, CA | $7,260,993 | $551,556 |
Biomedical Research Foundation Of Southern Arizona Tucson, AZ | $586,510 | $271,565 |
Sierra Veterans Research And Education Foundation Reno, NV | $966,986 | $793,003 |
Resmed Sleep Disordered Breathing Foundation La Jolla, CA | $6,205,552 | $1,062,570 |
Genetic Information Research Institute Cupertino, CA | $2,360,047 | $437,295 |