The Hamner Institutes For Health Science
- Assets
- $0.0
- Revenue
- $117.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- Data as of
- 06/2017
- EIN
- 20-3692587
Organization Overview
The Hamner Institutes For Health Science, operating under the name Institutes For Life Science, is located in Raleigh, NC. Institutes For Life Science 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 06/2017, Institutes For Life Science generated $117.0k in total revenue. All expenses for the organization totaled $50.8k during the year ending 06/2017.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO ACCELERATE TRANSLATION AND COMMERCIALIZATION OF INNOVATIVE LIFE SCIENCE AND BIOMEDICAL RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS OF 12/31/15 MOST RESEARCH OPERATIONS WERE CEASED. DURING 2016 ALL RESEARCH OPERATIONS WERE CEASED.
DURING 2016 ALL RESEARCH OPERATIONS WERE CEASED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr John G Dent Chairman | OfficerTrustee | 10 | $0 |
Dr Charles E Hamner Jr Vice Chair | OfficerTrustee | 1 | $0 |
Dr Robert W Rickard Treasurer | OfficerTrustee | 1 | $0 |
Dr Joseph S Pagano Secretary (resigned) | OfficerTrustee | 1 | $0 |
Mr Robert Eubanks Board Member (resigned) | Trustee | 1 | $0 |
Dr William F Greenlee President & CEO | OfficerTrustee | 60 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mispro Biotech Research Services | 12/30/16 | $208,656 |
Parker Poe Adams & Bernstein Llp Legal Services | 12/30/16 | $316,339 |
Ils Research Services | 12/30/16 | $183,200 |
Richard Cravener Facilities Services | 12/30/16 | $128,554 |
Brady Trane Services Facilities Services | 12/30/16 | $140,749 |
View All Vendors
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 | $406,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $406,430 |
| Total Program Service Revenue | $40,000 |
| Investment income | $2,277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,178,000 |
| Net Gain/Loss on Asset Sales | $632,796 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $117,010 |
| 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 | $0 |
| Pension plan accruals and contributions | $17,789 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,869 |
| Fees for services: Accounting | $9,751 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,306 |
| Advertising and promotion | $0 |
| Office expenses | $1,908 |
| Information technology | $38,376 |
| Royalties | $0 |
| Occupancy | $21,339 |
| Travel | $1,729 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,867 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $356,146 |
| Insurance | $163,205 |
| All other expenses | $0 |
| Total functional expenses | $50,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |