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Nonprofiteer
← SOUTHERN STAR MEDICAL RESEARCH INSTITUTE

Form 990 for tax year 2022

Filed by SOUTHERN STAR MEDICAL RESEARCH INSTITUTE.

Totals

Total revenue
-$457,687
Total expenses
$545,847
Contributions and grants received
$0
Grants paid
$7,500
Program service revenue
$0
Investment income
-$457,687
Other revenue
$0
Total assets, end of year
$9,323,690
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$9,323,690
Program services expenses (Part IX)
$276,715
Management and general expenses
$269,132
Fundraising expenses
$0
Program service expenses (Part III)
$276,715

Program services were 50.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $222,942 · excluded $222,942

  • 7a · Gross sales of assets other than inventory

    securities $12,451,880

  • 7b · Less cost or other basis and sales expenses

    securities $13,132,509

  • 7c · Gain or loss

    securities -$680,629

  • 7d · Net gain or loss

    total -$680,629 · excluded -$680,629

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,500 · program services $7,500

  • 5 · Compensation of officers, directors and key employees

    total $334,624 · program services $165,060 · management and general $169,564

  • 7 · Other salaries and wages

    total $18,422 · program services $18,422

  • 9 · Other employee benefits

    total $4,118 · program services $2,260 · management and general $1,858

  • 10 · Payroll taxes

    total $21,013 · program services $10,403 · management and general $10,610

  • 11b · Fees: legal

    total $8,966 · program services $8,966

  • 11c · Fees: accounting

    total $11,522 · program services $8,522 · management and general $3,000

  • 11f · Fees: investment management

    total $60,876 · management and general $60,876

  • 13 · Office expenses

    total $8,108 · program services $6,256 · management and general $1,852

  • 14 · Information technology

    total $1,694 · program services $1,694

  • 16 · Occupancy

    total $44,498 · program services $23,126 · management and general $21,372

  • 23 · Insurance

    total $5,939 · program services $5,939

  • 24a · Other expenses: OTHER EXPENSES

    total $12,036 · program services $12,036

  • 24b · Other expenses: SUPPLIES

    total $2,812 · program services $2,812

  • 24c · Other expenses: CONTRACT LABOR

    total $2,375 · program services $2,375

  • 24d · Other expenses: INDIRECT COSTS

    total $1,344 · program services $1,344

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2

  • 2 · Savings and temporary cash investments

    beginning of year $548,175 · end of year $230,542

  • 10a · Land, buildings and equipment: cost or other basis

    $12,497

  • 10b · Land, buildings and equipment: accumulated depreciation

    $12,497

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $8,654,521 · end of year $8,186,577

  • 12 · Investments: other securities

    beginning of year $1,131,284 · end of year $906,571

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $10,333,982 · end of year $9,323,690

Mission and programs · 2022

Mission

ORGANIZATION'S MISSION IS TO ENGAGE IN THE CONTINUOUS ACTIVE CONDUCT OF MEDICAL RESEARCH IN CONJUNCTION WITH ONE OR MORE HOSPITALS.THE ORGANIZATION'S GOAL IS TO ALLEVIATE HUMAN SUFFERING THROUGH MEDICAL RESEARCH FOR THE DIAGNOSIS, TREATMENT AND PREVENTION OF DISEASES AND IMPAIRMENTS OF MAN SO THAT PEOPLE MAY EXPERIENCE THE PRESENCE OF GOD'S LOVE WITHIN THEM THROUGH BETTER HEALTH AND INTENTIONAL SERVICE.

Activities or mission (Part I)

ORGANIZATION'S MISSION IS TO ALLEVIATE HUMAN SUFFERING THROUGH MEDICAL RESEARCH FOR THE DIAGNOSIS, TREATMENT AND PREVENTION OF DISEASES AND IMPAIRMENTS OF MAN SO THAT PEOPLE MAY EXPERIENCE THE PRESENCE OF GOD'S LOVE WITHIN THEM THROUGH BETTER HEALTH AND INTENTIONAL SERVICE.

  • THE ORGANIZATION HAS RESEARCH AFFILIATION AGREEMENTS WITH BAYLOR COLLEGE OF MEDICINE, TEXAS CHILDREN'S HOSPITAL, AND BAYLOR SCOTT AND WHITE AND IS DIRECTLY ENGAGED IN THE CONTINUOUS ACTIVE CONDUCT OF MEDICAL RESEARCH IN CONJUNCTION WITH THESE MEDICAL INSTITUTIONS.

    Expenses $276,715 · Grants $7,500

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • C Len Benckenstein

    TRUSTEE/CHAIRMAN & PRES

    Total calculated
    $203,463
    From this org
    $193,463
    From related orgs
    $10,000
    Other
    $0
    Hours/week
    10 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $185,963
    Bonus
    $0
    Other
    $7,500 + $10,000 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $193,463 + $10,000 related

  • John Beckenstein

    TRUSTEE & VICE PRESIDENT

    Total calculated
    $20,000
    From this org
    $7,500
    From related orgs
    $12,500
    Other
    $0
    Hours/week
    1 + 0.1 related

  • Jay Chadha

    TRUSTEE

    Total calculated
    $17,500
    From this org
    $7,500
    From related orgs
    $10,000
    Other
    $0
    Hours/week
    1 + 0.1 related

  • Johnson Ellis

    TRUSTEE & VICE PRESIDENT

    Total calculated
    $17,500
    From this org
    $7,500
    From related orgs
    $10,000
    Other
    $0
    Hours/week
    1 + 0.1 related

  • Jacob Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Pamela Daniel

    TRUSTEE, SECRETARY & TREAS

    Total calculated
    $131,161
    From this org
    $118,661
    From related orgs
    $12,500
    Other
    $0
    Hours/week
    35 + 0.25 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
21 June 2023
IRS schema version
2022v5.0
Source object
202312969349301351

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