The Research Institute Of The Mcgill University Health Centre
- Assets
- $138.1m
- Revenue
- $127.5m
- Investments
- $54.8m
- Employees
- 0
- Location
- Founding
- 03/1976
- Data as of
- 03/2024
- EIN
- 98-0031193
Organization Overview
The Research Institute Of The Mcgill University Health Centre, operating under the name Ri-Muhc, is located in null. The organization was established in 1976. According to its NTEE Classification (H05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Ri-Muhc 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 03/2024, Ri-Muhc generated $127.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $126.7m during the year ending 03/2024. While expenses have increased by 7.1% per year over the past 4 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS MISSION IS TO CARRY OUT ALL FORMS OF MEDICAL RESEARCH INCLUDING OTHER RELATED MEDICAL PROCESSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTRE FOR INNOVATIVE MEDICINE (CIM) HOSTS & FACILITATES PEDIATRIC & ADULT CLINICAL RESEARCH STUDIES, OFFERING ACCESS TO SPECIALIZED CLINICAL RESEARCH STAFF & A FULL RANGE OF EQUIPMENT & SERVICES IN AN ENVIRONMENY DEDICATED TO CLINICAL RESEARCH
THE ANIMAL RESOURCE DIVISION (ARD) PROVIDES PROFESSIONAL & TECHNICAL SUPPORT TO INVESTIGATORS & STAFF. THE FACILITIES ARE FULLY COMPLIANT WITH THE RECOMMENDATIONS ESTABLISHED BY THE CANADIAN COUNCIL ON ANIMAL CARE (CCAC) & THE FACILITY ANIMAL CARE COMMITTEE (FACC)
THE TECHNOLOGY PLATFORMS PROVIDE ACCESS TO STATE-OF-THE-ART INSTRUMENT CUTTING-EDGE TECHNIQUES & CONSULTATIVE SERVICES ON A FEE FOR SERVICE BASIS. EACH PLATFORM IS STAFFED BY DEDICATED PERSONNEL WHO OPERATE THE EQUIPMENT & CAN PROVIDE ASSISTANCE & TRAINING IN AN ARRAY OF TECHNOLOGIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Kruyt Director | Trustee | $0 | |
Mary-Anne Carignan Directorvicechair | Trustee | $0 | |
Pierre Lortie Director | Trustee | $0 | |
Lucie Opatrny Director | Trustee | $0 | |
Martha Crago Director | Trustee | $0 | |
Gloria Tannenbaum Director | Trustee | $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 | $114,509,158 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,509,158 |
| Total Program Service Revenue | $0 |
| Investment income | $4,828,493 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,131 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,588 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $127,491,986 |
| 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 | $69,193,409 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,447,801 |
| Payroll taxes | $6,999,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $111,131 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $212,693 |
| Fees for services: Other | $10,780,971 |
| Advertising and promotion | $38,375 |
| Office expenses | $15,902,821 |
| Information technology | $2,231,450 |
| Royalties | $0 |
| Occupancy | $199,757 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,271,103 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,922,741 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $126,696,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,675,140 |
| Savings and temporary cash investments | $20,196,331 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,364,964 |
| 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 | $38,318 |
| Net Land, buildings, and equipment | $9,003,407 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $54,784,248 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $138,062,408 |
| Accounts payable and accrued expenses | $15,092,334 |
| Grants payable | $0 |
| Deferred revenue | $108,553,396 |
| 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 | $188,803 |
| Total liabilities | $123,834,533 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,353,255 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $11,874,620 |
| Total liabilities and net assets/fund balances | $138,062,408 |
Peer Organizations
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|---|