Lovelace Biomedical & Environmental Research Institute Inc
- Assets
- $86.7m
- Revenue
- $36.7m
- Investments
- $0.0
- Employees
- 283
- Location
- Albuquerque, NM
- Founding
- 10/1977
- Data as of
- 09/2019
- EIN
- 51-0154068
Organization Overview
Lovelace Biomedical & Environmental Research Institute Inc is located in Albuquerque, NM. The organization was established in 1977. According to its NTEE Classification (H92) the organization is classified as: Biomedicine & Bioengineering Research, under the broad grouping of Medical Research and related organizations. As of 09/2019, Lovelace Biomedical & Environmental Research Institute Inc employed 283 individuals. Lovelace Biomedical & Environmental Research Institute 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 09/2019, Lovelace Biomedical & Environmental Research Institute Inc generated $36.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $35.6m during the year ending 09/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
LBERI'S MISSION IS TO SERVE HUMANITY THROUGH RESEARCH ON THE PREVENTION, TREATMENT, AND CURE OF RESPIRATORY DISEASE AND SUPPORT THE RESEARCH AND EFFORTS OF LBRI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOVERNMENT-SPONSORED SCIENTIFIC RESEARCH INVESTIGATING THE NATURE/EXTENT OF HUMAN HEALTH EFFECTS FROM INHALED AIRBORNE PARTICLES AND TOXICOLOGY, RESULTING IN PUBLISHED MANUSCRIPTS AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Rubin PHD Chairman, Ceo, Director | OfficerTrustee | 36 | $777,972 |
Steven Belinsky Director, President | OfficerTrustee | 40 | $318,354 |
Jacob Mcdonald VP Appsci/dir Resp Envi Oc | Officer | 40 | $275,521 |
Edward Barrett Director Translational Research | 40 | $207,079 | |
Melanie Doyle-Eisele Director Of Life Sciences | Officer | 40 | $191,052 |
Lawrence Mallis Director Of Bioanalytical Operations | 40 | $183,761 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adc Ltd Nm Security Company | 9/26/19 | $446,252 |
Kcas Llc Research Services | 9/26/19 | $185,025 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,713,173 |
| 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 | $26,713,173 |
| Total Program Service Revenue | $9,993,769 |
| 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 | $36,706,942 |
| 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. | $1,702,944 |
| Compensation of current officers, directors, key employees. | $871,180 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,351,318 |
| Pension plan accruals and contributions | $993,346 |
| Other employee benefits | $3,322,003 |
| Payroll taxes | $1,077,118 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,355 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,467,190 |
| Advertising and promotion | $6,556 |
| Office expenses | $60,266 |
| Information technology | $751,608 |
| Royalties | $0 |
| Occupancy | $3,371,448 |
| Travel | $178,432 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $225,309 |
| Interest | $7 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,679,192 |
| Insurance | $476 |
| All other expenses | $84,245 |
| Total functional expenses | $35,587,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $496 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,275,622 |
| Accounts receivable, net | $0 |
| 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 | $279,464 |
| Net Land, buildings, and equipment | $78,178,073 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $86,733,655 |
| Accounts payable and accrued expenses | $4,223,945 |
| 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 | $4,223,945 |
| Unrestricted restricted net Assets | $82,509,710 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $82,509,710 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lovelace Biomedical & Environmental Research Institute Inc has recieved totaling $317,180.
| Awarding Organization | Amount |
|---|---|
The Childrens Hospital Of Philadelphia Philadelphia, PA PURPOSE: RESEARCH | $317,180 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oklahoma Medical Research Foundation Oklahoma City, OK | $499,810,540 | $126,016,814 |
Lovelace Biomedical Research Institute Albuquerque, NM | $189,542,168 | $89,255,628 |
Lovelace Biomedical & Environmental Research Institute Inc Albuquerque, NM | $86,733,655 | $36,706,942 |
Steadman Philippon Research Institute Vail, CO | $14,955,351 | $15,214,073 |
Biomedical Research Foundation Of Southern Arizona Tucson, AZ | $586,510 | $271,565 |
Biomedical Research Foundation Of Colorado Denver, CO | $460,412 | $2,129 |
Biomedical Research Foundation Houston, TX | $279,298 | $7,631 |
International Foundation For Biomedical Aging Research Temple, TX | $532 | $280 |