Institute For Mobility And Longevity
- Assets
- $491.2k
- Revenue
- $46.6k
- Investments
- $430.9k
- Employees
- 0
- Location
- Goodyear, AZ
- Founding
- 03/1989
- Data as of
- 12/2023
- EIN
- 04-2981081
Organization Overview
Institute For Mobility And Longevity is located in Goodyear, AZ. The organization was established in 1989. 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. Institute For Mobility And Longevity 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 12/2023, Institute For Mobility And Longevity generated $46.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $59.2k during the year ending 12/2023. While expenses have increased by 1.5% per year over the past 9 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENTIFIC RESEARCH INTO ALL MATTERS RELATING TO HUMAN FUNCTIONAL PERFORMANCE, INCLUDING ADVANCED REHAB AND THE OPERATION OF A STATE-OF-THE ART RESEARCH LABORATORY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Andrew Hodge Chairman | 1 | $0 | |
Melissa Addington Executive Director | 1 | $0 | |
Marc Craig Jacofsky Director | 1 | $0 | |
Ronald Gardner Officer | 1 | $0 | |
William D Murrell Jr MD Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,113 |
| Dividends & Interest | $8,143 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,687 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $45,074 |
| Total Revenue | $46,643 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $536 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,700 |
| Printing and publications | $0 |
| Other expenses | $699 |
| Total operating and administrative expenses | $59,201 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $59,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,144 |
| Savings and temporary cash investments | $22,111 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $102,237 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $491,170 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,000 |
Grants Awarded
Over the last fiscal year, Institute For Mobility And Longevity has awarded $27,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA STATE UNIVERSITY PURPOSE: BRAIN MEMBERSHIP DUES | $25,000 |
HOSPITAL & MEDICAL FOUNDATION PURPOSE: GENERAL SURGERY AND LIFE CENTER | $2,000 |