Cayman Biomedical Research Institute
- Assets
- $448.4k
- Revenue
- $56.4k
- Investments
- $313.9k
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 09/2007
- Data as of
- 12/2023
- 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 12/2023, Cayman Biomedical Research Institute generated $56.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $559.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Cayman Biomedical Research Institute has awarded 146 individual grants totaling $2,003,069. 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
2023
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk M Maxey MD President/director | 1 | $0 | |
Stephen Barrett Director | 1 | $0 | |
Ines Morano Director | 1 | $0 | |
Karla Yurgaites Secretary | 5 | $0 | |
Jeff Johnson Director | 1 | $0 | |
Genia Richards Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,358 |
| Interest on Savings | $14,589 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,495 |
| Capital Gain Net Income | $19,495 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,442 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,958 |
| Total operating and administrative expenses | $31,026 |
| Contributions, gifts, grants paid | $528,213 |
| Total expenses and disbursements | $559,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,818 |
| Savings and temporary cash investments | $88,102 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $253 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $448,440 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Cayman Biomedical Research Institute has awarded $528,213 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
AKEEMAT TIJANI PURPOSE: TRAVEL GRANT | $400 |
ALEXANDRA KENDALL PURPOSE: TRAVEL GRANT | $550 |
AMELIA DRYSDALE PURPOSE: TRAVEL GRANT | $300 |
ANDRES TROSTCHANSKY PURPOSE: TRAVEL GRANT | $250 |
ANIBAL MARCELO REYES PURPOSE: TRAVEL GRANT | $450 |
BEHNAZ LAHOODI PURPOSE: TRAVEL GRANT | $500 |