Lahser Interspecies Research Foundation
- Assets
- $5.3m
- Revenue
- $501.5k
- Investments
- $3.1m
- Employees
- 0
- Location
- Davison, MI
- Founding
- 12/2004
- Data as of
- 12/2021
- EIN
- 36-4542343
Organization Overview
Lahser Interspecies Research Foundation is located in Davison, MI. The organization was established in 2004. According to its NTEE Classification (H70) the organization is classified as: Digestive Diseases & Disorders Research, 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. Lahser Interspecies 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 12/2021, Lahser Interspecies Research Foundation generated $501.5k 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 (11.0%) each year. All expenses for the organization totaled $595.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 7 years. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENTIFIC RESEARCH TO ELUCIDATE THE NATURE OF INFECTIOUS GASTROINTESTINAL DISEASES IN BIRDS AND TELEOST FISHES, SPECIFICALLY, PROVENTRICULAR DILATION DISEASE & ITS RELATIONSHIP TO HUMAN GASTROINTESTINAL DISEASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin J Gaffney MD Vp/treas | 10 | $0 | |
Scott B Karlene MD Pres/sec | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $550,000 |
| Interest on Savings | $126 |
| Dividends & Interest | $31,011 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$79,647 |
| Capital Gain Net Income | $61,311 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $501,490 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $120,777 |
| Pension plans, employee benefits | $47,367 |
| Interest | $0 |
| Taxes | $3,294 |
| Depreciation | $37,847 |
| Occupancy | $221,775 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $145,994 |
| Total operating and administrative expenses | $595,377 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $595,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,620,004 |
| Savings and temporary cash investments | $115,086 |
| 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 | $20,439 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $436,711 |
| Other assets | $0 |
| Total assets | $5,290,143 |
| Accounts payable and accrued expenses | $4,822 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,822 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Van Andel Research Institute Grand Rapids, MI | $289,629,145 | $88,891,678 |
Stowers Institute For Medical Research Kansas City, MO | $238,524,295 | $116,367,619 |
Institute For Cancer Research Philadelphia, PA | $148,137,241 | $82,576,402 |
Wistar Institute Of Anatomy & Biology Philadelphia, PA | $414,460,000 | $115,831,000 |
American Association For Cancer Research Philadelphia, PA | $261,131,206 | $103,171,549 |
Philadelphia Fight Philadelphia, PA | $17,499,427 | $51,561,885 |
Stanley Manne Childrens Research Institute Chicago, IL | $169,123,650 | $39,027,696 |
Nsabp Foundation Inc Pittsburgh, PA | $90,333,934 | $55,869,172 |
Hennepin Healthcare Research Institute Minneapolis, MN | $65,628,312 | $47,615,744 |
Alliance For Clinical Trials In Oncology Foundation Chicago, IL | $119,602,728 | $39,942,446 |
Trilogy Inc Chicago, IL | $15,390,124 | $38,855,480 |
Family Institute Evanston, IL | $24,399,945 | $35,971,873 |