Adrienne Helis Malvin Medical Research Foundation
- Assets
- $18.5m
- Revenue
- -$3.2m
- Investments
- $7.8m
- Employees
- 10
- Location
- New Orleans, LA
- Founding
- 12/2011
- Data as of
- 12/2020
- EIN
- 26-3505355
Organization Overview
Adrienne Helis Malvin Medical Research Foundation is located in New Orleans, LA. The organization was established in 2011. According to its NTEE Classification (G05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Adrienne Helis Malvin Medical Research Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adrienne Helis Malvin 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 12/2020, Adrienne Helis Malvin Medical Research Foundation generated -$3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.5%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CONTINUOUS ACTIVE CONDUCT OF MEDICAL RESEARCH - CANCER AND PARKINSON'S DISEASE IN CONJUNCTION WITH BAYLOR COLLEGE OF MEDICINE AND IN CONJUNCTION WITH JOHNS HOPKINS MEDICINE
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AT BAYLOR COLLEGE OF MEDICINE TITLE OF THE PROJECT: KINASE-INHIBITION FOR ESR1 FUSION-DRIVEN BREAST CANCER INVESTIGATOR: MATTHEW ELLIS
RESEARCH AT BAYLOR COLLEGE OF MEDICINE TITLE OF THE PROJECT: NOVEL DISCOVERY AND VALIDATION APPROACH TO UNCOVER TARGETS FOR TREATMENT REFRACTORY BRAIN TUMORS INVESTIGATOR: BENJAMIN DENEEN
RESEARCH AT BAYLOR COLLEGE OF MEDICINE TITLE OF THE PROJECT: ENVIRONMENTAL DRIVERS OF CLONAL HEMATOPOIESIS INVESTIGATOR: MARGARET GOODELL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Kerstein President/trustee | OfficerTrustee | 2 | $0 |
Michael F Schott Vice President/trustee | OfficerTrustee | 2 | $0 |
Jane C Fiegler Trustee/treasurer | OfficerTrustee | 2 | $0 |
Linda A Reeg Secretary/trustee | OfficerTrustee | 2 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | -$3,331,873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $233,889 |
| Net Rental Income | $4,430 |
| Net Gain/Loss on Asset Sales | -$216,837 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$3,168,209 |
| 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 | $1,002,022 |
| Pension plan accruals and contributions | $25,680 |
| Other employee benefits | $228,456 |
| Payroll taxes | $31,652 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,225 |
| Fees for services: Accounting | $22,224 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,850 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $6,609 |
| Royalties | $0 |
| Occupancy | $60,561 |
| Travel | $5,739 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,701 |
| Interest | $3,202 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $302,781 |
| Insurance | $22,741 |
| All other expenses | $6,656 |
| Total functional expenses | $2,562,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $413,769 |
| Savings and temporary cash investments | $34,491 |
| 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 | $596,545 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,901,167 |
| Investments—other securities | $7,790,118 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $726,061 |
| Total assets | $18,462,151 |
| Accounts payable and accrued expenses | $25,680 |
| 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 | $89,021 |
| Total liabilities | $114,701 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $18,347,450 |
| Total liabilities and net assets/fund balances | $18,462,151 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
My Brothers Keeper Ridgeland, MS | $909,801 | $6,540,628 |
St Davids Foundation Community Fund Austin, TX | $59,614,660 | $7,913,769 |
Adrienne Helis Malvin Medical Research Foundation New Orleans, LA | $18,462,151 | -$3,168,209 |
Diana Helis Henry Medical Research Foundation Inc New Orleans, LA | $36,171,329 | $1,598,387 |
Nad Research Springfield, LA | $36,361 | $0 |
Venomx Biologics Houston, TX | $10,855 | $0 |
Institute For Strategic And Innovative Technologies Driftwood, TX | $1,020 | $0 |