Health Research Incorporated
- Assets
- $900.5m
- Revenue
- $1.1b
- Investments
- $0.0
- Employees
- 2,644
- Location
- Menands, NY
- Founding
- 03/1955
- Data as of
- 03/2024
- EIN
- 14-1402155
Organization Overview
Health Research Incorporated is located in Menands, NY. The organization was established in 1955. According to its NTEE Classification (H30) the organization is classified as: Cancer Research, under the broad grouping of Medical Research and related organizations. As of 03/2024, Health Research Incorporated employed 2,644 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Research Incorporated 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 03/2024, Health Research Incorporated generated $1.1b in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.1b during the year ending 03/2024. While expenses have increased by 6.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEDERALLY FUNDED HIV AIDS PREVENTION AND CARE PROGRAMSSEE SCHEDULE O
SEE SCHEDULE O
PUBLIC HEALTH EMERGENCY PREPAREDNESS AND HOSPITAL PREPAREDNESSSEE SCHEDULE O
CANCER RESEARCH SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl A Mattox Executive Director | OfficerTrustee | 38 | $176,741 |
Andrew Ruby Secretary/treasurer | OfficerTrustee | 2 | $0 |
Michael B Sexton ESQ Director | Trustee | 0.2 | $0 |
Candace Johnson Director | Trustee | 0.2 | $0 |
Tim Reynolds CPA Director | Trustee | 0.2 | $0 |
Justin P Runke ESQ Director | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Public Consulting Group Llc Consultant | 3/30/24 | $3,988,791 |
Opad Media Solutions Consultant | 3/30/24 | $6,369,131 |
Prolink Staffing Services Llc Staffing Services | 3/30/24 | $1,315,615 |
Minivax Llc Consultant | 3/30/24 | $355,626 |
Hodgson Rus Llp Consultant | 3/30/24 | $320,302 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $650,595,495 |
| All other contributions, gifts, grants, and similar amounts not included above | $380,764,365 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,031,359,860 |
| Total Program Service Revenue | $279,060 |
| Investment income | $31,935,742 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,561,016 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,256,562 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,063,879,116 |
| 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. | $441,001 |
| Compensation of current officers, directors, key employees. | $441,001 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,440,729 |
| Pension plan accruals and contributions | $18,393,388 |
| Other employee benefits | $31,471,636 |
| Payroll taxes | $12,178,276 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $803,968 |
| Fees for services: Accounting | $149,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $67,653 |
| Fees for services: Other | $14,651,328 |
| Advertising and promotion | $0 |
| Office expenses | $37,837,419 |
| Information technology | $3,146,510 |
| Royalties | $0 |
| Occupancy | $3,620,631 |
| Travel | $3,062,291 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,034,886 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $614,992 |
| Insurance | $903,620 |
| All other expenses | $1,128,315 |
| Total functional expenses | $1,143,061,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,304,167 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $160,446,384 |
| Accounts receivable, net | $3,697,937 |
| 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 | $169,311 |
| Net Land, buildings, and equipment | $4,479,832 |
| Investments—publicly traded securities | $558,488,489 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,923,126 |
| Total assets | $900,509,246 |
| Accounts payable and accrued expenses | $184,927,843 |
| Grants payable | $0 |
| Deferred revenue | $60,311,776 |
| 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 | $17,923,126 |
| Total liabilities | $263,162,745 |
| Net assets without donor restrictions | $186,253,816 |
| Net assets with donor restrictions | $451,092,685 |
| 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 | $900,509,246 |