Beckman Research Institute Of The City Of Hope

Organization Overview

Beckman Research Institute Of The City Of Hope is located in Duarte, CA. The organization was established in 2005. According to its NTEE Classification (H30) the organization is classified as: Cancer Research, under the broad grouping of Medical Research and related organizations. As of 09/2021, Beckman Research Institute Of The City Of Hope employed 1,243 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beckman Research Institute Of The City Of Hope 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 09/2021, Beckman Research Institute Of The City Of Hope generated $339.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $341.8m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO DISCOVER AND TRANSLATE INNOVATIVE LABORATORY FINDINGS INTO NEW CLINICAL TREATMENTS BY USING PRACTICAL APPLICATIONS OF CHEMISTRY, PHYSICS AND BIOLOGY.

Describe the Organization's Program Activity:

BIOMEDICAL RESEARCH AND DISEASE INVESTIGATIONS, INCLUDING DNA SYNTHESIS AND CELL ANALYSIS. BECKMAN RESEARCH INSTITUTE HAS PIONEERED SCIENTIFIC BREAKTHROUGHS RESULTING IN TREATMENTS THAT HAVE IMPROVED THE LIVES OF PATIENTS WORLDWIDE. NUMEROUS LIFE-SAVING DRUGS USE PATENTED TECHNOLOGY DEVELOPED AT BECKMAN RESEARCH INSTITUTE. THESE DRUGS INCLUDE SYNTHETIC HUMAN INSULIN (HUMULIN) FOR DIABETES, THE WIDELY USED CANCER DRUGS HERCEPTIN, RITUXAN AND AVASTIN, AND HUMIRA FOR ARTHRITIS. SEE SCHEDULE O.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Conam Building Co
Construction Svcs
$4,235,696
Durie Tangri Llp
Legal Services
$2,173,404
Mintz Levin Cohn Ferris Glovsky P
Legal Services
$2,872,983
Jones Day
Legal Services
$1,287,632
Fish Richardson Pc
Legal Services
$925,033
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$87,697,589
Government grants $90,898,031
All other contributions, gifts, grants, and similar amounts not included above$6,493,877
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$185,089,497
Total Program Service Revenue$17,733,869
Investment income $10,703,832
Tax Exempt Bond Proceeds $0
Royalties $24,049,860
Net Rental Income $51,200
Net Gain/Loss on Asset Sales $97,918,904
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $339,177,936

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Beckman Research Institute Of The City Of Hope has recieved totaling $80,000.

Awarding OrganizationAmount
$80,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$813,672,523
Earnings$225,523,936
Net Contributions$30,000
Other Expense$271,219
Ending Balance$1,038,955,240

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