Peakmd Institute
- Assets
- $3.4k
- Revenue
- $5.0k
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 03/2018
- Data as of
- 12/2021
- EIN
- 82-1125926
Organization Overview
Peakmd Institute, operating under the name Research And Scientific Innovation, is located in San Diego, CA. The organization was established in 2018. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Research And Scientific Innovation 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, Research And Scientific Innovation generated $5.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (48.3%) each year. All expenses for the organization totaled $805.0 during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (62.4%) per year over the past 5 years. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORM 990, PART III, LINE 4A - FIRST ACCOMPLISHMENT THIS CORPORATION IS ORGANIZED AND IS TO BE OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC AND OTHER PUBLIC PURPOSES, INCLUDING BUT NOT LIMITED TO THE SUPPORT OF NONPROFIT ORGANIZATIONS DEDICATED TO CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES FOR THE BENEFIT OF THE PUBLIC, AND TO CARRY OUT THE PURPOSES AND ACTIVITIES WITHIN THE MEANING OF SECTION 501C3 OF THE INTERNAL REVENUE CODE, BY AND THROUGH ACTIVITIES INCLUDING WITHOUT LIMITATION I TO ENCOURAGE, PROMOTE, FOSTER, SUPPORT AND RECOGNIZE SCIENTIFIC INNOVATION IN HEALTH CARE AND EDUCATIONAL ACTIVITIES RELATING TO HEALTH CARE, II THE SUPPORT OF AND ASSISTANCE TO ORGANIZATIONS THAT PROVIDE HEALTH CARE TO THE PUBLIC, III THE SUPPORT AND ASSISTANCE TO ORGANIZATIONS THAT PROMOTE THE PUBLIC'S ACCESS TO HEALTH CARE AND SCIENTIFIC INNOVATION, AND III PROVIDING ASSISTANCE TO ORGANIZATIONS DEDICATED TO ENHANCING THE IMPROVEMENT IN HEALTH CARE. FORM 990, PART VI, LINE 11B - ORGANIZATION'S PROCESS TO REVIEW FORM 990 NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PART VI, LINE 19 - GOVERNING DOCUMENTS DISCLOSURE EXPLANATION NO DOCUMENTS AVAILABLE TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Kinkelaar Secretary | OfficerTrustee | 1 | $0 |
Alexander Robertson Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| 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 | $5,000 |
| Total Program Service Revenue | $0 |
| 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 | $5,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,408 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,408 |
| Accounts payable and accrued expenses | $21,525 |
| 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 | $21,525 |
| 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 | -$18,117 |
| Total liabilities and net assets/fund balances | $3,408 |