Gastro-Intestinal Research Foundation Inc
- Assets
- $4.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Highland Park, IL
- Founding
- 07/1963
- Data as of
- 06/2022
- EIN
- 36-6108156
Organization Overview
Gastro-Intestinal Research Foundation Inc is located in Highland Park, IL. The organization was established in 1963. As of 06/2022, Gastro-Intestinal Research Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gastro-Intestinal Research Foundation 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 06/2022, Gastro-Intestinal Research Foundation Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS DEDICATED TO RAISE FUNDS TO SUPPORT PHYSICIANS AND SCIENTISTS IN THEIR EFFORTS TO PROVIDE OUTSTANDING CARE, TRAIN FUTURE LEADERS AND PERFORM INNOVATIVE CLINICAL AND LABORATORY RESEARCH IN ORDER TO TREAT, CURE AND PREVENT DIGESTIVE DISEASES. THE FOUNDATION PROVIDES RESEARCH GRANTS TO UNIVERSITY OF CHICAGO MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH GRANT TO UNIVERSITY OF CHICAGO MEDICINE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark DE Souza VP Fundraising | OfficerTrustee | 2 | $0 |
Mark D Waldeck VP Marketing | OfficerTrustee | 2 | $0 |
Howard A Grill VP Finance | OfficerTrustee | 5 | $0 |
Benjamin Pogofsky VP Board Devel. | OfficerTrustee | 2 | $0 |
Kathryn Karmin Shafer Exec Vice Pres | OfficerTrustee | 3 | $0 |
Yekaterina Chudnovsky President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $202,310 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $791,520 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $993,830 |
| Total Program Service Revenue | $0 |
| Investment income | $65,635 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,092 |
| Net Income from Fundraising Events | $1,036,788 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,095,161 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,525,364 |
| 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 | $272,336 |
| Pension plan accruals and contributions | $5,560 |
| Other employee benefits | $0 |
| Payroll taxes | $23,743 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,154 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,402 |
| Travel | $3,472 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $48,409 |
| All other expenses | $2,972 |
| Total functional expenses | $2,054,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $873,953 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $338,463 |
| 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 | $24,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,946,319 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,182,735 |
| Accounts payable and accrued expenses | $18,040 |
| 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 | $18,040 |
| Net assets without donor restrictions | $4,164,695 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,182,735 |
Grants Awarded
Over the last fiscal year, Gastro-Intestinal Research Foundation Inc has awarded $1,140,855 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: Medical Research | $625,855 |
Evanston, IL PURPOSE: Medical Research | $515,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Gastro-Intestinal Research Foundation Inc has recieved totaling $288,013.
| Awarding Organization | Amount |
|---|---|
Circle Of Service Foundation Chicago, IL PURPOSE: MEDICAL RESEARCH | $250,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $31,000 |
Karmin Fam Char Tr Chicago, IL PURPOSE: PROMOTE ORG'S ACTIVITY BY GIFTS TO GEN'L REV FUND | $5,000 |
The Robert Thomas Bobins Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $513 |
Prologis Foundation Denver, CO PURPOSE: EE MATCHING | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arbor Research Collaborative For Health Ann Arbor, MI | $23,346,603 | $18,357,581 |
Institute For Humane Studies Arlington, VA | $19,221,469 | $20,882,389 |
American Diabetes Association Arlington, VA | $0 | $9,794,159 |
Morgridge Institute Foundation Inc Madison, WI | $491,309,219 | $74,942,129 |
Medical Device Innovation Consortium Arlington, VA | $8,765,414 | $16,908,156 |
American Institute For Cancer Research Arlington, VA | $18,214,497 | $14,242,691 |
Centralwest Healthcare Inc Saint Louis, MO | $11,731,408 | $18,084,103 |
Usona Institute Inc Madison, WI | $38,737,266 | $18,840,870 |
Lungevity Foundation Chicago, IL | $12,082,053 | $14,543,433 |
Memphis Bioworks Foundation Memphis, TN | $6,047,652 | $238,794 |
Minneapolis Heart Institute Foundation Minneapolis, MN | $51,520,170 | $19,174,876 |
Regenstrief Foundation Inc Indianapolis, IN | $0 | $6,850,830 |