Beckman Laser Institute Inc
- Assets
- $7.3m
- Revenue
- $551.6k
- Investments
- $7.2m
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 03/1983
- Data as of
- 06/2022
- EIN
- 95-3800459
Organization Overview
Beckman Laser Institute Inc is located in Irvine, CA. The organization was established in 1983. According to its NTEE Classification (H92) the organization is classified as: Biomedicine & Bioengineering Research, 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. Beckman Laser Institute 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 06/2022, Beckman Laser Institute Inc generated $551.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $787.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (11.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael W Berns Chairman & CEO | 20 | $48,720 | |
Art Fine JD Vice-Chairman | 2 | $0 | |
Jaclyn Nascimento Board Member | 2 | $0 | |
Sadik Esener PHD Board Member | 2 | $0 | |
Kenneth Strahs PHD Corporate Secretary | 2 | $0 | |
Robert Hanisee CFA Chief Financial Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $183,921 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $367,635 |
| Capital Gain Net Income | $367,635 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $551,556 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,720 |
| Other employee salaries and wages | $43,300 |
| Pension plans, employee benefits | $298 |
| Interest | $0 |
| Taxes | $8,901 |
| Depreciation | $200 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,161 |
| Total operating and administrative expenses | $157,715 |
| Contributions, gifts, grants paid | $630,000 |
| Total expenses and disbursements | $787,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,931 |
| Savings and temporary cash investments | $57,906 |
| Net Accounts receivable | $4,219 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| 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 | $3,211 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,418,210 |
| Net Land, buildings, and equipment | $2,510 |
| Other assets | $0 |
| Total assets | $7,260,993 |
| Accounts payable and accrued expenses | $9,480 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,480 |
Grants Awarded
Over the last fiscal year, Beckman Laser Institute Inc has awarded $630,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIV OF CALIFORNIA - SAN DIEGO PURPOSE: BIOENGINEERING AND IEM RESEARCH | $400,000 |
UNIVERSITY OF CA - IRVINE PURPOSE: ROBOLASE & MEDICAL PROGRAM; PULMONARY RESEARCH; SOL KIMEL MEMORIAL ENDOWED GRADUATE STUDENT AWARD | $230,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gary And Mary West Health Institute La Jolla, CA | $20,819,217 | $21,045,299 |
Alfred E Mann Institute For Biomedical Engineering At The Usc Los Angeles, CA | $265,159,414 | $78,284,269 |
Fogarty Institute For Innovation Mountain View, CA | $12,713,454 | $3,362,432 |
Sens Foundation Inc Mountain View, CA | $3,998,305 | $4,002,442 |
Southern California Institute For Research And Education Long Beach, CA | $7,387,710 | $3,555,949 |
Brentwood Biomedical Research Institute Institute Inc Los Angeles, CA | $0 | $493,229 |
Applied Biomedical Science Institute San Diego, CA | $1,308,035 | $2,682,413 |
Agouron Institute Pasadena, CA | $18,754,799 | $1,205,799 |
Beckman Laser Institute Inc Irvine, CA | $7,260,993 | $551,556 |
Biomedical Research Foundation Of Southern Arizona Tucson, AZ | $586,510 | $271,565 |
Sierra Veterans Research And Education Foundation Reno, NV | $966,986 | $793,003 |
Resmed Sleep Disordered Breathing Foundation La Jolla, CA | $6,205,552 | $1,062,570 |