Terasaki Innovation Center Inc
- Assets
- $6.3m
- Revenue
- $1.3m
- Investments
- $4.1m
- Employees
- 0
- Location
- Glendale, CA
- Founding
- Data as of
- 12/2021
- EIN
- 84-4969549
Organization Overview
Terasaki Innovation Center Inc is located in Glendale, CA. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terasaki Innovation Center 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 12/2021, Terasaki Innovation Center Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (54.3%) each year. All expenses for the organization totaled $848.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FACILITATE DISCOVERY AND DEVELOPMENT OF NEW TOOLS AND ASSAYS NEEDED TO DIAGNOSE AND MANAGE REJECTION IN HUMAN ORGAN TRANSPLANTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jar How Lee Treasurer | 20 | $0 | |
Ricardo Ordonez President | 20 | $0 | |
Dr Mayra Lopez-Cepero Secretary | 0.5 | $0 | |
Dr Robert Bray Board Member | 0.5 | $0 | |
Dr Mark Terasaki Chairman Of The Board | 0.5 | $0 | |
Dr Peter Nickerson Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,212,092 |
| Interest on Savings | $79 |
| Dividends & Interest | $29,208 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,838 |
| Capital Gain Net Income | $11,838 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,253,217 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $136,000 |
| Other employee salaries and wages | $420,220 |
| Pension plans, employee benefits | $61,102 |
| Interest | $0 |
| Taxes | $34,753 |
| Depreciation | $0 |
| Occupancy | $19,661 |
| Travel, conferences, and meetings | $19,656 |
| Printing and publications | $0 |
| Other expenses | $88,121 |
| Total operating and administrative expenses | $847,960 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $847,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $254,617 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,076,872 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,988,695 |
| Total assets | $6,320,184 |
| Accounts payable and accrued expenses | $5,739 |
| 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 | $37,572 |
| Total liabilities | $43,311 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Translational Genomics Research Institute Phoenix, AZ | $224,233,974 | $175,687,790 |
J David Gladstone Institutes San Francisco, CA | $318,407,379 | $84,274,665 |
Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical Torrance, CA | $198,389,340 | $88,849,610 |
Veterans Medical Research Foundation Of Sd San Diego, CA | $7,321,086 | $16,367,755 |
Huntington Medical Research Institutes Pasadena, CA | $82,259,720 | $16,674,865 |
International Anesthesia Research Society San Francisco, CA | $39,176,119 | $7,595,072 |
California Heart Center Foundation Beverly Hills, CA | $198,494 | $2,474,527 |
House Institute Foundation Los Angeles, CA | $6,887,696 | $1,568,325 |
Fanconi Anemia Research Fund Inc Eugene, OR | $8,601,390 | $4,056,234 |
The Gpcr Institute San Marcos, CA | $1,290,580 | $0 |
Musculoskeletal-Orthopedic Research And Education Foundation Phoenix, AZ | $591,829 | $1,272,150 |
Terasaki Innovation Center Inc Glendale, CA | $6,320,184 | $1,253,217 |