Health Research Institute
- Assets
- $294.8k
- Revenue
- $596.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Fairfield, IA
- Founding
- 12/2015
- Data as of
- 12/2021
- EIN
- 47-5550533
Organization Overview
Health Research Institute, operating under the name Hri Labs, is located in Fairfield, IA. The organization was established in 2015. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Hri Labs employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hri Labs 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, Hri Labs generated $596.4k 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 (11.1%) each year. All expenses for the organization totaled $793.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HEALTH RESEARCH INSTITUTE CARRIES OUT SCIENTIFIC RESEARCH, EDUCATION AND COMMUNICATION TO IMPROVE SUSTAINABILITY OF FOOD AND AGRICULTURE, AND TO PROMOTE HUMAN HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TESTING FOR FOOD PURITY AND SAFETY. EDUCATING COMPANIES AND FOOD PRODUCERS ABOUT PURITY AND SAFETY ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Fagan President & CEO | 30 | $0 | |
Steve Rye Director | 0.5 | $0 | |
Michael Lelah Director | 0.5 | $0 | |
Errol Schweizer Director | 0.5 | $0 | |
Larry Bohlen Director | 0.5 | $0 | |
George Davidson Director | 0.5 | $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 | $91,864 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,864 |
| Total Program Service Revenue | $504,575 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $596,439 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50 |
| 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 | $224,484 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,285 |
| Payroll taxes | $44,599 |
| Fees for services: Management | $24,523 |
| Fees for services: Legal | $1,275 |
| 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 | $92,167 |
| Advertising and promotion | $2,724 |
| Office expenses | $1,002 |
| Information technology | $15,055 |
| Royalties | $0 |
| Occupancy | $14,312 |
| Travel | $869 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $255 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,157 |
| Insurance | $9,927 |
| All other expenses | $47,252 |
| Total functional expenses | $793,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,455 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,838 |
| 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 | $28,518 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $294,811 |
| Accounts payable and accrued expenses | $4,425 |
| Grants payable | $0 |
| Deferred revenue | $92,060 |
| 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 | $502,900 |
| Unsecured mortgages and notes payable | $151,600 |
| Other liabilities | $0 |
| Total liabilities | $750,985 |
| 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 | -$456,174 |
| Total liabilities and net assets/fund balances | $294,811 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Health Research Institute has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Rudolf Steiner Foundation Inc San Francisco, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Providers Network Inc Lincoln, NE | $216,671 | $1,920,685 |
Good Acre Saint Paul, MN | $2,161,801 | $2,336,173 |
The Food Shippers Of America Inc Geneva, IL | $1,637,121 | $1,840,645 |
Boone County Fair Association Belvidere, IL | $3,013,747 | $1,687,537 |
Kinship Mke Inc Milwaukee, WI | $4,987,753 | $2,706,784 |
St Vincent De Paul Thrift Store Inc Marshfield, WI | $3,892,280 | $1,717,707 |
Farm Stew International Princeton, IL | $756,525 | $1,608,819 |
Angelic Organics Learning Center Inc Caledonia, IL | $2,139,499 | $1,069,053 |
Rural Enterprise For Acceptable Living Inc Marshall, MN | $669,406 | $895,554 |
Iowa Restaurant Association West Des Moines, IA | $289,803 | $784,480 |
Health Research Institute Fairfield, IA | $294,811 | $596,439 |
Cornucopia Institute Incorporated Viroqua, WI | $1,310,459 | $989,761 |