California Institute For Medical Research
- Assets
- $1.5m
- Revenue
- $639.2k
- Investments
- $0.0
- Employees
- 6
- Location
- San Jose, CA
- Founding
- 09/1964
- Data as of
- 12/2021
- EIN
- 94-6109289
Organization Overview
California Institute For Medical Research is located in San Jose, CA. The organization was established in 1964. As of 12/2021, California Institute For Medical Research employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Institute For Medical Research 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, California Institute For Medical Research generated $639.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $886.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. 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
CIMR PROVIDES A RESOURCE FOR LOCAL HOSPITALS, BIOMEDICAL RESEARCHERS AND DOCTORS BY PROVIDING PHYSICAL FACILITIES FOR RESEARCH PROGRAMS AND THE ADMINISTRATION OF RESEARCH CONTRACTS & GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIMR RESEARCHERS HAVE MADE MAJOR CONTRIBUTIONS. THESE HAVE INCLUDED: IMPROVING THE TREATMENT OF FUNGAL DISEASES SUCH AS VALLEY FEVER, PREVENTION OF RECURRENT HEART ATTACK AND STROKE, INITIATION OF A TRANSPLANT BANK, DEVELOPMENT OF AN ANIMAL MODEL OF PARKINSON'S DISEASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gillian Humphries Vp/treasurer | OfficerTrustee | 2 | $0 |
John P Sherck MD Secretary | OfficerTrustee | 2 | $0 |
David Stevens MD President | OfficerTrustee | 10 | $0 |
Don Prolo Director | Trustee | 2 | $0 |
David Larwood Director | Trustee | 2 | $0 |
Joanne Prolo Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,323 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,323 |
| Total Program Service Revenue | $401,555 |
| Investment income | $7,216 |
| 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 | $639,157 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $332,827 |
| Pension plan accruals and contributions | $26,515 |
| Other employee benefits | $41,373 |
| Payroll taxes | $27,937 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,694 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,804 |
| Insurance | $25,202 |
| All other expenses | $42,300 |
| Total functional expenses | $885,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $169,869 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $69,243 |
| 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 | $15,129 |
| Net Land, buildings, and equipment | $245,045 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $982,357 |
| Total assets | $1,481,643 |
| Accounts payable and accrued expenses | $147,738 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $147,738 |
| Net assets without donor restrictions | $351,551 |
| Net assets with donor restrictions | $982,354 |
| 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 | $1,481,643 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that California Institute For Medical Research has recieved totaling $469,932.
| Awarding Organization | Amount |
|---|---|
Foundation For Research In Infectious Diseases Saratoga, CA PURPOSE: MEDICAL RESEARCH | $378,348 |
Foundation For Research In Infectious Diseases Saratoga, CA PURPOSE: MEDICAL RESEARCHMEDICAL RESEARCH | $38,371 |
Foundation For Research In Infectious Diseases Saratoga, CA PURPOSE: MEDICAL RESEARCH | $34,813 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Health | $18,400 |
Endowment Analysis
| Beg. Balance | $460,377 |
| Earnings | $42,448 |
| Admin Expense | $3,520 |
| Other Expense | $102,000 |
| Ending Balance | $397,305 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern California Institute For Research And Education Inc San Francisco, CA | $16,307,751 | $46,684,844 |
Palo Alto Veterans Institute For Research Palo Alto, CA | $15,189,973 | $29,400,012 |
Olive View Ucla Education And Research Institute Inc Sylmar, CA | $10,446,395 | $11,985,019 |
Hawaii Hospital Education And Research Foundation Honolulu, HI | $1,734,095 | $6,267,769 |
Tower Cancer Research Foundation Beverly Hills, CA | $3,869,425 | $2,998,998 |
National Alopecia Areata Foundation San Rafael, CA | $2,724,730 | $2,397,922 |
Straub Foundation Honolulu, HI | $15,015,264 | $4,202,945 |
East Bay Institute For Research And Education Inc Rancho Cordova, CA | $1,016,635 | $1,200,121 |
California Institute For Medical Research San Jose, CA | $1,481,643 | $639,157 |
Alzheimers Research And Prevention Foundation Tucson, AZ | $2,893,844 | $725,054 |
Harvey Bassett Clarke Foundation Palo Alto, CA | $174,247 | $0 |
Sherman Oaks Orthopaedic Research Foundation Inc Sherman Oaks, CA | $60,745 | $0 |