Masonic Medical Research Laboratory

Organization Overview

Masonic Medical Research Laboratory, operating under the name Masonic Medical Research Institute, is located in Utica, NY. The organization was established in 1949. According to its NTEE Classification (H92) the organization is classified as: Biomedicine & Bioengineering Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, Masonic Medical Research Institute employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masonic Medical Research Institute 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 12/2021, Masonic Medical Research Institute generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $9.4m during the year ending 12/2021. While expenses have increased by 11.1% 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.

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

THE MASONIC MEDICAL RESEARCH LABORATORY, DOING BUSINESS AS MASONIC MEDICAL RESEARCH INSTITUTE (MMRI), IS A WORLD RENOWNED MEDICAL RESEARCH CENTER KNOWN FOR ITS SCIENTIFIC ACHIEVEMENTS, ESPECIALLY IN THE FIELD OF EXPERIMENTAL CARDIOLOGY. CURRENT RESEARCH EFFORTS ENCOMPASS ISCHEMIC HEART DISEASE, CARDIAC ARRHYTHMIAS, CARDIOVASCULAR DISEASE AND SUDDEN CARDIAC DEATH. MMRI IS A LEADING CENTER FOR GENETIC SCREENING OF CARDIAC DISEASE AS WELL AS IN THE DEVELOPMENT OF INNOVATIVE AND EFFECTIVE PHARMACOLOGIC TREATMENT FOR ATRIAL FIBRILLATION. THE STEM CELL CENTER IS FOCUSED ON REGENERATING MEDICINE AND THE DEVELOPMENT OF HUMAN MODELS OF DISEASE. OUR SCIENTIFIC FINDINGS ARE PUBLISHED IN THE FINEST MEDICAL JOURNALS IN THE WORLD.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Vip Architectural Associates Pllc
Construction
$125,000
Hinman Straub Attorneys At Law
Legal Services
$117,049
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $5,172,411
All other contributions, gifts, grants, and similar amounts not included above$2,064,330
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,236,741
Total Program Service Revenue$1,589,622
Investment income $972,719
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $876
Net Gain/Loss on Asset Sales $536,084
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,340,059

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Masonic Medical Research Laboratory has recieved totaling $0.

Awarding OrganizationAmount
Demetra C Vagelos Foundation

West Palm Beach, FL

PURPOSE: CHARITABLE GIFT

$0
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,464,050
Earnings$567,396
Ending Balance$5,031,446

Create an account to unlock the data you need.

or