Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical
- Assets
- $198.4m
- Revenue
- $88.8m
- Investments
- $0.0
- Employees
- 780
- Location
- Torrance, CA
- Founding
- 01/1954
- Data as of
- 06/2021
- EIN
- 95-2138184
Organization Overview
Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical, operating under the name The Lundquist Institute, is located in Torrance, CA. The organization was established in 1954. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. As of 06/2021, Lundquist Institute employed 780 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lundquist 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 06/2021, Lundquist Institute generated $88.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $90.5m during the year ending 06/2021. While expenses have increased by 3.1% per year over the past 6 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.
Since 2020, Lundquist Institute has awarded 92 individual grants totaling $13,540,097. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE IN BIOMEDICAL RESEARCH, EDUCATE, AND PROVIDE COMMUNITY HEALTH SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL RESEARCH: MEDICAL RESEARCH, SPONSORED BY THE NATIONAL INSTITUTES OF HEALTH AND OTHER FEDERAL, STATE AND PRIVATE AGENCIES, COVERING MANY DIVERSE MEDICAL AND SCIENTIFIC AREAS OF INTEREST IN HUMAN HEALTH.
HEALTH CARE PROGRAM: LUNDQUIST INSTITUTE CLINICAL OUTREACH INCLUDES WOMEN, INFANTS AND CHILDREN (WIC) CLINICS, PARTICIPATION IN THE SOUTH LOS ANGELES BEST BABIES COLLABORATIVE, IMMUNIZE LA KIDS COALITION, NEWBORN SCREENING PROGRAM, PERINATAL ACCESS PROGRAM, A WOMEN'S HEALTHCARE CLINIC, AND VARIOUS EDUCATIONAL PROGRAMS.
SCIENCE & TECHNOLOGY: TRAINING OF MEDICAL STUDENTS, INTERNS, RESIDENTS, AND POST GRADUATES.
OTHER PROGRAM SERVICES: INCLUDES SALES OF BIOMEDICAL SERVICES AND PRODUCTS AND ROYALTY PAYMENTS TO INVENTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David I Meyer PHD President & CEO | OfficerTrustee | 40 | $647,700 |
Keith Hoffman PHD VP Development | Officer | 40 | $424,947 |
Richard Katzman Exec VP & COO | Officer | 40 | $375,590 |
Joaquin Madrenas MD VP & Cso | Officer | 40 | $351,346 |
Jerome I Rotter MD Board Member/investigator | Trustee | 40 | $331,500 |
Alexander Kramer VP & CFO | Officer | 40 | $315,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fenwick & West Llp Professional Services | 6/29/21 | $140,372 |
Upside Crenshaw Holding Llc Property Management | 6/29/21 | $461,482 |
Compton Commercial Redevelopment Property Management | 6/29/21 | $175,800 |
Paramount East Center Lp Property Management | 6/29/21 | $153,492 |
Pillsbury Winthrop Shaw Pittman Llp Professional Services | 6/29/21 | $131,685 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,555,142 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,875,280 |
| Noncash contributions included in lines 1a–1f | $10,691 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,430,422 |
| Total Program Service Revenue | $2,866,146 |
| Investment income | $813,628 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $10,238,522 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $500,892 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,849,610 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,519,732 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $546,583 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,735,306 |
| Compensation of current officers, directors, key employees. | $1,125,732 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,604,586 |
| Pension plan accruals and contributions | $237,354 |
| Other employee benefits | $7,708,422 |
| Payroll taxes | $2,932,616 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $736,218 |
| Fees for services: Accounting | $141,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $107,201 |
| Fees for services: Other | $1,046,199 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $2,124,619 |
| Occupancy | $6,546,214 |
| Travel | $347,345 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,956,984 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,287,903 |
| Insurance | $1,373,906 |
| All other expenses | $37,445 |
| Total functional expenses | $90,527,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,914,375 |
| Savings and temporary cash investments | $32,323,801 |
| Pledges and grants receivable | $16,190,873 |
| Accounts receivable, net | $0 |
| 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 | $801,603 |
| Net Land, buildings, and equipment | $91,034,061 |
| Investments—publicly traded securities | $36,509,571 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,249 |
| Other assets | $7,609,807 |
| Total assets | $198,389,340 |
| Accounts payable and accrued expenses | $13,072,324 |
| Grants payable | $0 |
| Deferred revenue | $11,792,252 |
| Tax-exempt bond liabilities | $49,405,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $20,021,485 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,898,325 |
| Total liabilities | $105,189,386 |
| Net assets without donor restrictions | $79,297,557 |
| Net assets with donor restrictions | $13,902,397 |
| 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 | $198,389,340 |
Grants Awarded
Over the last fiscal year, Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical has awarded $3,510,482 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: SUPPORT GENERAL OPERATIONS | $539,414 |
Davis, CA PURPOSE: SUPPORT GENERAL OPERATIONS | $420,848 |
Saint Louis, MO PURPOSE: SUPPORT GENERAL OPERATIONS | $375,317 |
NOVADIGM THERAPEUTICS INC PURPOSE: SUPPORT GENERAL OPERATIONS | $350,799 |
UNIVERSITY OF GEORGIA PURPOSE: SUPPORT GENERAL OPERATIONS | $271,979 |
UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER AT HOUSTON PURPOSE: SUPPORT GENERAL OPERATIONS | $137,769 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical has recieved totaling $3,795,627.
| Awarding Organization | Amount |
|---|---|
Jdrf International New York, NY PURPOSE: MISSION | $1,358,963 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT PURPOSE: RESEARCH | $783,400 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $659,834 |
American Heart Association Inc Dallas, TX PURPOSE: RESEARCH | $299,997 |
Cure Sanfilippo Foundation Columbia, SC PURPOSE: Open-label pilot study | $222,463 |
Food Forward Inc North Hollywood, CA PURPOSE: FRESH PRODUCE DONATION | $131,757 |
Endowment Analysis
| Beg. Balance | $4,764,000 |
| Earnings | $2,107,699 |
| Net Contributions | $35,301 |
| Ending Balance | $6,907,000 |
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 |