Jack Thornburg Medical Research Foundation
- Assets
- $398.5k
- Revenue
- $12.7k
- Investments
- $385.7k
- Employees
- 0
- Location
- La Jolla, CA
- Founding
- 07/1970
- Data as of
- 12/2022
- EIN
- 23-7069969
Organization Overview
Jack Thornburg Medical Research Foundation is located in La Jolla, CA. The organization was established in 1970. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jack Thornburg Medical Research Foundation 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 12/2022, Jack Thornburg Medical Research Foundation generated $12.7k 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 (10.6%) each year. All expenses for the organization totaled $31.8k during the year ending 12/2022. 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 |
|---|---|---|---|
Vera Gleason Vice President | 5 | $0 | |
Patti O'laughlin Secretary | 10 | $5,500 | |
Richard H Walker MD President | 5 | $0 | |
Gary W Williams MD Director | 5 | $0 | |
Neil Hokanson Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,669 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,994 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,675 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,076 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,817 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $31,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,819 |
| 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 | $385,681 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $398,500 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Jack Thornburg Medical Research Foundation has awarded $12,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
WALTER BIFFL PURPOSE: TO FURTHER THE RECIPIENT'S MEDICAL RESEARCH ACTIVITIES. | $2,000 |
SANJOU KHOUNARU MD PURPOSE: TO FURTHER THE RECIPIENT'S MEDICAL RESEARCH ACTIVITIES. | $1,000 |
AMITABH PANDEY PURPOSE: TO FURTHER THE RECIPIENT'S MEDICAL RESEARCH ACTIVITIES. | $2,000 |
CHRISTINE SHEN MD PURPOSE: TO FURTHER THE RECIPIENT'S MEDICAL RESEARCH ACTIVITIES. | $1,000 |
RULA KHEDRAHU PURPOSE: TO FURTHER THE RECIPIENT'S MEDICAL RESEARCH ACTIVITIES. | $1,000 |
TRAVIS ROARK PURPOSE: TO FURTHER THE RECIPIENT'S MEDICAL RESEARCH ACTIVITIES. | $1,000 |