The Research Institute Of The Mcgill University Health Centre
- Assets
- $143.9m
- Revenue
- $113.3m
- Investments
- $59.3m
- Employees
- 0
- Location
- Founding
- 03/1976
- Data as of
- 03/2022
- EIN
- 98-0031193
Organization Overview
The Research Institute Of The Mcgill University Health Centre, operating under the name Ri-Muhc, is located in null. The organization was established in 1976. According to its NTEE Classification (H05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Ri-Muhc 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 03/2022, Ri-Muhc generated $113.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $113.0m during the year ending 03/2022. While expenses have increased by 6.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS MISSION IS TO CARRY OUT ALL FORMS OF MEDICAL RESEARCH INCLUDING OTHER RELATED MEDICAL PROCESSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTRE FOR INNOVATIVE MEDICINE (CIM) HOSTS & FACILITATES PEDIATRIC & ADULT CLINICAL RESEARCH STUDIES, OFFERING ACCESS TO SPECILAIZED CLINICAL RESEARCH STAFF & A FULL RANGE OF EQUIPMENT & SERVICES IN AN ENVIRONMENT DEDICATED TO CLINICAL RESEARCH.
THE ANIMAL RESOURCES DIVISION (ARD) PROVIDES PROFESSIONAL & TECHNICAL SUPPORT TO INVESTIGATORS & STAFF. THE FACILITIES ARE FULLY COMPLIANT WITH THE RECOMMENDATIONS ESTABLISHED BY THE CANADIAN COUNCIL ON ANIMAL CARE (CCAC) & THE FACILITY ANIMAL CARE COMMITTEE (FACC).
THE TECHNOLOGY PLATFORMS PROVIDE ACCESS TO STATE-OF-THE-ART INSTRUMENTS, CUTTING-EDGE TECHNIQUES & CONSULTATIVE SERVICES ON A FEE FOR SERVICE BASIS. EACH PLATFORM IS STAFFED BY DEDICATED PERSONNEL WHO OPERATE THE EQUIPMENT & CAN PROVIDE ASSISTANCE & TRAINING IN AN ARRAY OF TECHNOLOGIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cinzia Raponi Director | $133,773 | ||
Sonia Rhea Director Human Resourc | $132,705 | ||
Lucie Cote Director Animal Resour | $131,072 | ||
Anou Banghit Director Information T | $116,048 | ||
Nadine Al Hage Ali Director Cim | $113,730 | ||
Rhian Touyz Director | OfficerTrustee | $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 | $97,700,202 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,700,202 |
| Total Program Service Revenue | $0 |
| Investment income | $2,118,198 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $451,869 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,711,107 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $113,346,903 |
| 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 | $63,404,910 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,245,691 |
| Payroll taxes | $6,088,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,703 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $236,134 |
| Fees for services: Other | $8,877,754 |
| Advertising and promotion | $69,601 |
| Office expenses | $14,353,939 |
| Information technology | $1,927,480 |
| Royalties | $0 |
| Occupancy | $199,132 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $520,777 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,449,324 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $112,967,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,398,556 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,691,801 |
| 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 | $306,564 |
| Net Land, buildings, and equipment | $9,196,064 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $59,289,391 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $143,882,376 |
| Accounts payable and accrued expenses | $14,488,504 |
| Grants payable | $0 |
| Deferred revenue | $114,281,291 |
| 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 | $420,725 |
| Total liabilities | $129,190,520 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,475,064 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $12,216,792 |
| Total liabilities and net assets/fund balances | $143,882,376 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Research Institute Of The Mcgill University Health Centre has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
The Matthew Larson Foundation For Pediatric Brain Tumors Franklin Lakes, NJ PURPOSE: MEDICAL RESEARCH | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mcmaster University Ontario | $2,782,562,539 | $954,591,107 |
Independent Order Of Foresters | $6,129,337,660 | $713,057,039 |
Hebrew University Association Jerusalem Palestine | $3,248,315,000 | $946,360,171 |
University Of Saskatchewan | $2,207,784,972 | $816,404,692 |
Queens University At Kingston Department Of Financial Services | $2,643,962,738 | $804,073,117 |
Tel Aviv University | $2,569,449,000 | $866,534,000 |
National Trust For Places Of Historic Interest Or Natural Beaut | $2,598,966,000 | $820,524,000 |
University Of Manitoba | $2,384,369,000 | $788,244,000 |
Simon Fraser University | $2,219,643,595 | $690,303,634 |
Dalhousie University | $2,012,270,000 | $654,417,000 |
Universite De Sherbrooke | $840,417,269 | $587,133,569 |
University Of Victoria | $1,491,562,584 | $512,310,368 |