National Biomedical Research Foundation Inc
- Assets
- $3.4m
- Revenue
- $63.5k
- Investments
- $3.4m
- Employees
- 0
- Location
- Waltham, MA
- Founding
- 10/2002
- Data as of
- 06/2022
- EIN
- 13-1926374
Organization Overview
National Biomedical Research Foundation Inc is located in Waltham, MA. The organization was established in 2002. 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. National Biomedical Research Foundation Inc 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 06/2022, National Biomedical Research Foundation Inc generated $63.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $522.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Kurlander Clerk/treasurer | 2 | $0 | |
Bruce Leicher Director | 2 | $0 | |
Fred Ledley President | 2 | $0 | |
David Fischell Director | 2 | $0 | |
Linda King Assistant Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $85,380 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$21,861 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,519 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,202 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,457 |
| Total operating and administrative expenses | $22,346 |
| Contributions, gifts, grants paid | $500,000 |
| Total expenses and disbursements | $522,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,053 |
| Savings and temporary cash investments | $401 |
| 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 | $2,916 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,387,948 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,416,318 |
| Accounts payable and accrued expenses | $69 |
| 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 | $69 |
Grants Awarded
Over the last fiscal year, National Biomedical Research Foundation Inc has awarded $493,775 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Waltham, MA PURPOSE: DEVELOP CENTER FOR INTEGRATION OF SCIENCE AND INDUSTRY | $473,775 |
CHARLES BABBAGE INSTITUTE PURPOSE: MEMORIALIZE DR. ROBERT LEDLEY'S CONTRIBUTIONS TO SCIENCE, AS WELL AS FURTHER THE KNOWLEDGE AND UNDERSTANDING OF THE EARLY YEARS OF BIOMEDICAL COMPUTING. | $10,000 |
Mountain View, CA PURPOSE: MEMORIALIZE DR. ROBERT LEDLEY'S CONTRIBUTIONS TO COMPUTER SCIENCE, AS WELL AS FURTHER THE KNOWLEDGE AND UNDERSTANDING OF THE EARLY YEARS OF BIOMEDICAL COMPUTING. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whitehead Institute For Biomedical Research Cambridge, MA | $896,132,656 | $97,603,749 |
Masonic Medical Research Laboratory Utica, NY | $55,347,194 | $10,340,059 |
Narrows Institute Of Biomedical Research Inc Brooklyn, NY | $2,253,098 | $3,708,493 |
Buffalo Institute For Medical Research Inc Buffalo, NY | $831,604 | $878,680 |
National Biomedical Research Foundation Inc Waltham, MA | $3,416,318 | $63,519 |
Pioneer Valley Life Sciences Institute Of Baystate Medical Springfield, MA | $1,115,623 | $145,961 |
Ventilator Project Inc Boston, MA | $770 | $0 |
The Masooli Project Inc Simsbury, CT | $39,449 | $0 |
Biohacking Village Brooklyn, NY | $97,646 | $0 |