Sparrow Clinical Research Institute
- Assets
- $1.1m
- Revenue
- $800.3k
- Investments
- $0.0
- Employees
- 9
- Location
- Lansing, MI
- Founding
- 01/1993
- Data as of
- 12/2022
- EIN
- 38-3075242
Organization Overview
Sparrow Clinical Research Institute is located in Lansing, MI. The organization was established in 1993. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Sparrow Clinical Research Institute employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sparrow Clinical Research Institute 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, Sparrow Clinical Research Institute generated $800.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $836.8k during the year ending 12/2022. 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
PRINCIPAL PURPOSE OF OPERATING AS A MEDICAL RESEARCH ORGANIZATION DIRECTLY ENGAGED IN THE CONTINUOUS, ACTIVE CONDUCT OF MEDICAL RESEARCH, IN CONJUNCTION WITH ANY NON-PROFIT 501(C)(3) HOSPITAL AND ADMINISTERING FUNDS TO FURTHER THE CHARITABLE PURPOSE OF THE CORPORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANT 006 - RIVAROXABAN COMPARED TO ABELAC FOR ATRIAL FIBRILLATION
ALL OTHER PROGRAM SERVICES.
AVEIR DR - DUAL CHAMBER LEADLESS PACEMAKER DEVICE
LEADLESS II - SINGLE CHAMBER PACEMAKER DEVICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Cohn MD Vice Chairma | OfficerTrustee | 1 | $0 |
Chad Link DO Former Board | 0 | $0 | |
Gordan Srkalovic MD Former Board | 0 | $0 | |
Paula Reichle Sr VP - CFO | Officer | 0 | $0 |
John Ip MD Chairman | OfficerTrustee | 1 | $0 |
Mohammed Qintar Board Member | Trustee | 1 | $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 | $738,723 |
| Investment income | $14,905 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $46,646 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $800,274 |
| 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. | $141,674 |
| Compensation of current officers, directors, key employees. | $141,674 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $409,469 |
| Pension plan accruals and contributions | $43,331 |
| Other employee benefits | $73,364 |
| Payroll taxes | $40,984 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $328 |
| Advertising and promotion | $0 |
| Office expenses | $4,409 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,484 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,297 |
| Insurance | $972 |
| All other expenses | $0 |
| Total functional expenses | $836,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,902 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $195,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $46,485 |
| Investments—publicly traded securities | $687,990 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,120,377 |
| Accounts payable and accrued expenses | $1,943,447 |
| 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 | $1,943,447 |
| Net assets without donor restrictions | -$823,070 |
| 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 | $1,120,377 |