Cayman Biomedical Research Institute
- Assets
- $1.2m
- Revenue
- $216.3k
- Investments
- $659.6k
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 09/2007
- Data as of
- 12/2021
- EIN
- 84-1697362
Organization Overview
Cayman Biomedical Research Institute is located in Ann Arbor, MI. The organization was established in 2007. According to its NTEE Classification (G99) the organization is classified as: Voluntary Health Associations & Medical Disciplines N.E.C., under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cayman Biomedical 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 12/2021, Cayman Biomedical Research Institute generated $216.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $590.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Cayman Biomedical Research Institute has awarded 72 individual grants totaling $1,048,045. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WORKING TO UNDERSTAND AND TREAT CERTAIN RARE CANCERS SUCH AS SNUC; WORKING TO ADVANCE THE PRACTICE AND STANDARDS OF ASSISTED REPRODUCTIVE TECHNOLOGY, ART, THROUGH OUR DONOR CONCEIVED SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISSUED $76K IN RESEARCH GRANTS AND $20K IN UNDERGRADUATE GRANTS RELATED TO SINONASAL UNDIFFERENTIATED CARCINOMA
RECEIVED $1,713 IN REVENUE RELATED TO EGG DONATION AND PAYMENTS RECEIVED TO DEFRAY COST OF DNA TESTING RELATED TO DONOR GAMETE PROGRAM.
$7,000 IN COLLEGE SCHOLARSHIPS ISSUED TO CHILDREN OF PARENTS WHO PASSED AWAY FROM SINONASAL UNDIFFERENTIATED CARCINOMA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk M Maxey MD President | 1 | $0 | |
Stephen Barrett Board Member | 1 | $0 | |
Genia Richards Secretary | 5 | $0 | |
Susan Crowell-Bishop Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $214,024 |
| Interest on Savings | $850 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,400 |
| Capital Gain Net Income | $1,400 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $216,274 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,648 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,169 |
| Total operating and administrative expenses | $37,723 |
| Contributions, gifts, grants paid | $552,727 |
| Total expenses and disbursements | $590,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,857 |
| Savings and temporary cash investments | $200,016 |
| Net Accounts receivable | $377 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $127,312 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,515 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,223,655 |
| Accounts payable and accrued expenses | $948 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $948 |
Grants Awarded
Over the last fiscal year, Cayman Biomedical Research Institute has awarded $552,727 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
KAROLINSKA INSTITUTE PURPOSE: RESEARCH GRANT | $152,500 |
UNIVERSITY OF MICHIGAN PURPOSE: RESEARCH GRANT | $77,635 |
THE UNIVERSITY OF ARIZONA PURPOSE: RESEARCH GRANT | $75,000 |
COLORADO STATE UNIVERSITY PURPOSE: RESEARCH GRANT | $55,500 |
Valhalla, NY PURPOSE: RESEARCH GRANT | $52,500 |
UNIVERSITATSKLINIKUM CARL GUSTAV CARUS PURPOSE: GRANT FUNDING | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Hope Foundation Ann Arbor, MI | $67,036,351 | $9,873,142 |
Sally Gail Lindsey Family Tr Brooklyn, OH | $6,946,207 | $946,240 |
Certification Board Of Infection Control Milwaukee, WI | $2,396,298 | $1,323,868 |
Siegel Rare Neuroimmune Association Powell, OH | $1,538,757 | $1,415,891 |
Cayman Biomedical Research Institute Ann Arbor, MI | $1,223,655 | $216,274 |
National Arab American Medical Association Inc Troy, MI | $2,109,297 | $424,078 |
Mary Grace Memorial Fund Lakewood, OH | $91,333 | $88,455 |
Joseph Maley Foundation Inc Indianapolis, IN | $618,424 | $435,734 |
Midwest Clinicians Network Inc East Lansing, MI | $355,705 | $200,200 |
Hfm Camping Adventures Ypsilanti, MI | $9,463 | $207,188 |
Foundation For Children With Neuroimmune Disorders Inc Colgate, WI | $288,083 | $262,710 |
American Behcets Disease Association Inc Rochester, MI | $279,646 | $77,883 |