Erik & Ese Banck Clinical Research Center Inc
- Assets
- $9.6m
- Revenue
- $525.1k
- Investments
- $8.2m
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 09/1994
- Data as of
- 12/2023
- EIN
- 33-0570710
Organization Overview
Erik & Ese Banck Clinical Research Center Inc is located in San Diego, CA. The organization was established in 1994. According to its NTEE Classification (H05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Erik & Ese Banck Clinical Research Center Inc 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 12/2023, Erik & Ese Banck Clinical Research Center Inc generated $525.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $688.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPECIFIC PURPOSE OF THE FOUNDATION IS TO CONDUCT CLINICAL RESEARCH INTO THE TREATMENT AND PREVENTION OF UNCURED DISEASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert T Reid MD Treasurer | 40 | $0 | |
Richard T Reid PHD President | 40 | $184,375 | |
Gerry Hark Director | 0.5 | $0 | |
Kathryn Blankinship Director | 0.5 | $0 | |
Tadimeti Rao Ph D Director | 0.5 | $0 | |
Janine Mason Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $277,257 |
| Dividends & Interest | $140,278 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $107,577 |
| Capital Gain Net Income | $107,577 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $525,112 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $184,375 |
| Other employee salaries and wages | $165,417 |
| Pension plans, employee benefits | $97,584 |
| Interest | $45,159 |
| Taxes | $65,301 |
| Depreciation | $33,052 |
| Occupancy | $38,331 |
| Travel, conferences, and meetings | $5,963 |
| Printing and publications | $0 |
| Other expenses | $40,200 |
| Total operating and administrative expenses | $688,281 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $688,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,284 |
| Savings and temporary cash investments | $271,204 |
| 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 | $0 |
| Net Land, buildings, and equipment | $946,629 |
| Other assets | $98,732 |
| Total assets | $9,601,650 |
| 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 | $837,478 |
| Other liabilities | $0 |
| Total liabilities | $837,478 |