Molecular Medicine Research Institute
- Assets
- $3.5m
- Revenue
- $2.8m
- Investments
- $92.5k
- Employees
- 13
- Location
- Sunnyvale, CA
- Founding
- 04/1997
- Data as of
- 12/2021
- EIN
- 94-3254623
Organization Overview
Molecular Medicine Research Institute is located in Sunnyvale, CA. The organization was established in 1997. As of 12/2021, Molecular Medicine Research Institute employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Molecular Medicine 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, Molecular Medicine Research Institute generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
SCIENTIFIC & MEDICAL RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMMUNOLOGY
CANCER
INFLAMMATION
BACTERIOLOGY RESEARCH, DISEASE DETECTION, METABOLIC RESEARCH, ENERGY RESEARCH, NEUROLOGICAL DISEASES RESEARCH, OTHER BIOMEDICAL RESEARCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward P Amento MD Ceo&treasurer | Officer | 40 | $270,000 |
Ajith A Welihinda PHD Director,cell Biology | Officer | 40 | $186,103 |
Jan M Rydzewski PHD Director,analytical Chemis | 40 | $125,000 | |
Michael A Hindery Director | Trustee | 1 | $0 |
John P Alderete PHD MBA Director | Trustee | 1 | $0 |
Paul D Marotta JD Board Secretaty | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $315,599 |
| All other contributions, gifts, grants, and similar amounts not included above | $339,463 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $655,062 |
| Total Program Service Revenue | $2,136,859 |
| Investment income | $4,979 |
| 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 | $2,796,900 |
| 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. | $456,103 |
| Compensation of current officers, directors, key employees. | $202,500 |
| Compensation to disqualified persons | $380,831 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $134,398 |
| Payroll taxes | $21,837 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,086 |
| Fees for services: Accounting | $81,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $125,146 |
| Advertising and promotion | $0 |
| Office expenses | $10,055 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,170,754 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,903 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,353 |
| Insurance | $11,969 |
| All other expenses | $0 |
| Total functional expenses | $3,040,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,557 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $290,358 |
| 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 | $10,844 |
| Net Land, buildings, and equipment | $109,745 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $92,503 |
| Investments—program-related | $0 |
| Intangible assets | $107,964 |
| Other assets | $2,740,207 |
| Total assets | $3,545,178 |
| Accounts payable and accrued expenses | $616,757 |
| 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 | $83,024 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,254,958 |
| Total liabilities | $1,954,739 |
| Net assets without donor restrictions | $1,590,439 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,545,178 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Molecular Medicine Research Institute has recieved totaling $28.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Molecular Medicine Research Institute Sunnyvale, CA | $3,545,178 | $2,796,900 |
Pfleger Institute Of Enviromental Research Newport Beach, CA | $223,060 | $761,210 |
The Foundation For Advancements In Science And Education Altadena, CA | $34,877 | $448,810 |
Collaborative Research & Designs For Agriculture Santa Cruz, CA | $113,114 | $421,220 |
Measurement Science Conference Inc Irvine, CA | $67,465 | $132,937 |
Branes Foundation Cayucos, CA | $835,812 | $297,000 |
Fundamental Research Laboratory Los Angeles, CA | $22,000 | $0 |
Marsh Trust For Cryobiological Research And Development Morgan Hill, CA | $89,089 | $8,507 |