Glenn Foundation For Medical Research Inc
- Assets
- $192.5m
- Revenue
- $23.7m
- Investments
- $99.9m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 04/1995
- Data as of
- 09/2022
- EIN
- 86-0710305
Organization Overview
Glenn Foundation For Medical Research Inc is located in Phoenix, AZ. The organization was established in 1995. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., 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. Glenn Foundation For Medical Research 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 09/2022, Glenn Foundation For Medical Research Inc generated $23.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 43.7% each year . All expenses for the organization totaled $7.9m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Glenn Foundation For Medical Research Inc has awarded 25 individual grants totaling $13,761,128. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark R Collins President, Director | 40 | $282,182 | |
Jack N Rudel Assistant Secretary, Director | 2 | $0 | |
A Ray Copeland Assistant Treasurer, Director | 10 | $0 | |
K Leonard Judson Ceo,secretary,treasurer, Director | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Copeland Trotter & Norman Pc | 9/29/22 | $174,258 |
Kevin J Lee | 9/29/22 | $115,680 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,513,697 |
| Dividends & Interest | $4,418,368 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,582,820 |
| Capital Gain Net Income | $15,582,820 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,138,483 |
| Total Revenue | $23,653,368 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $282,182 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $29,940 |
| Interest | $31,116 |
| Taxes | $382,675 |
| Depreciation | $2,697 |
| Occupancy | $1,155 |
| Travel, conferences, and meetings | $24,728 |
| Printing and publications | $0 |
| Other expenses | $1,536,822 |
| Total operating and administrative expenses | $2,497,310 |
| Contributions, gifts, grants paid | $5,433,090 |
| Total expenses and disbursements | $7,930,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $91,120,667 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $1,479,609 |
| 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 | $4,017,815 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,800 |
| Total assets | $192,520,690 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $9,863,267 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $358,658 |
| Total liabilities | $10,221,925 |
Grants Awarded
Over the last fiscal year, Glenn Foundation For Medical Research Inc has awarded $5,433,090 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: MEDICAL RESEARCH | $2,529,389 |
SALK INSTITUTE PURPOSE: MEDICAL RESEARCH | $830,000 |
STANFORD UNIVERSITY PURPOSE: MEDICAL RESEARCH | $800,000 |
UNIVERSITY OF MICHIGAN PURPOSE: MEDICAL RESEARCH | $800,000 |
BUCK INSTITUTE PURPOSE: MEDICAL RESEARCH | $400,000 |
UCSF FOUNDATION PURPOSE: MEDICAL RESEARCH | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Research Corporation Tucson, AZ | $242,008,144 | $26,138,153 |
Southwest Autism Research And Resource Center Phoenix, AZ | $18,925,029 | $16,667,407 |
Conard House Inc San Francisco, CA | $5,907,710 | $14,988,369 |
Hopelab Foundation Inc San Francisco, CA | $32,085,472 | $14,961,821 |
Multidisciplinary Association For Psychedelic Studies San Jose, CA | $92,188,866 | $23,580,425 |
Biomedical Research Institute Of New Mexico Albuquerque, NM | $13,199,153 | $8,153,350 |
Glenn Foundation For Medical Research Inc Phoenix, AZ | $192,520,690 | $23,653,368 |
Larry L Hillblom Foundation Inc Petaluma, CA | $157,022,260 | $9,255,919 |
Arastradero Research Institute Palo Alto, CA | $86,734,431 | $15,446,292 |
Center For Applied Rationality Berkeley, CA | $4,444,483 | $4,525,208 |
Cholangiocarcinoma Foundation Salt Lake City, UT | $4,018,118 | $4,935,665 |
Colorado Wheat Research Foundation Inc Fort Collins, CO | $552,396 | $3,293,864 |