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← BIOMEDICAL RESEARCH INSTITUTE OF NEW MEXICO

Form 990 for tax year 2023

Filed by BIOMEDICAL RESEARCH INSTITUTE OF NEW MEXICO.

Totals

Total revenue
$8,150,561
Total expenses
$7,848,630
Contributions and grants received
$721,804
Grants paid
$154
Program service revenue
$6,927,153
Investment income
$501,274
Other revenue
$330
Total assets, end of year
$16,979,237
Total liabilities, end of year
$7,816,835
Net assets or fund balances, end of year
$9,162,402
Program services expenses (Part IX)
$6,811,399
Management and general expenses
$1,037,231
Fundraising expenses
$0
Program service expenses (Part III)
$6,811,399

Program services were 86.8% 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.

  • 1f · All other contributions, gifts and grants

    $721,804

  • 2a · Program service revenue: RESEARCH GRANTS - FEDERAL

    total $5,426,844 · related or exempt $5,426,844

  • 2b · Program service revenue: RESEARCH GRANTS - NON-FEDERAL

    total $552,853 · related or exempt $552,853

  • 2c · Program service revenue: IPA REVENUE

    total $947,456 · related or exempt $947,456

  • 3 · Investment income

    total $501,274 · excluded $501,274

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER REVENUE

    total $330

  • 11e · Other revenue, total

    $330

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $154 · program services $154

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $2,855,010 · program services $2,431,647 · management and general $423,363

  • 8 · Pension plan contributions

    total $86,766 · program services $68,897 · management and general $17,869

  • 9 · Other employee benefits

    total $370,948 · program services $327,086 · management and general $43,862

  • 10 · Payroll taxes

    total $227,333 · program services $193,452 · management and general $33,881

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $2,015 · program services $2,015

  • 11c · Fees: accounting

    total $114,991 · management and general $114,991

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,619,360 · program services $1,618,343 · management and general $1,017

  • 12 · Advertising and promotion

    total $20,310 · program services $17,783 · management and general $2,527

  • 13 · Office expenses

    total $27,699 · program services $1,056 · management and general $26,643

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $35,917 · program services $18,438 · management and general $17,479

  • 17 · Travel

    total $19,433 · program services $17,514 · management and general $1,919

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $28,334 · program services $25,971 · management and general $2,363

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $287,604 · management and general $287,604

  • 23 · Insurance

    total $49,618 · management and general $49,618

  • 24a · Other expenses: RESEARCH SUPPLIES

    total $1,504,969 · program services $1,505,058 · management and general -$89

  • 24b · Other expenses: PATIENT PARTICIPATION

    total $16,073 · program services $16,048 · management and general $25

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $6,695 · program services $3,697 · management and general $2,998

  • 24d · Other expenses: RESEARCH SERVICES

    total $12,175 · program services $12,175

  • 24e · All other expenses

    total $563,226 · program services $552,065 · management and general $11,161

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,387,202 · end of year $169,736

  • 2 · Savings and temporary cash investments

    beginning of year $10,346,266 · end of year $10,186,566

  • 3 · Pledges and grants receivable

    beginning of year $1,277,405 · end of year $2,665,789

  • 4 · Accounts receivable

    beginning of year $52,470 · end of year $64,347

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $135,379 · end of year $158,723

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

    $7,278,542

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

    $3,544,466

  • 10c · Land, buildings and equipment, net

    beginning of year $3,959,953 · end of year $3,734,076

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,886,260 · end of year $1,258,142

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $3,876,555 · end of year $3,719,352

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $3,561,145 · end of year $2,839,341

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $8,834,715 · end of year $9,162,402

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

To promote high quality scientific research and education improving healthcare, medical treatment, and quality of life for our nation's veterans and, ultimately, the general public.

Activities or mission (Part I)

To promote high quality scientific research and education improving healthcare, medical treatment, and quality of life for our nation's veterans and general public.

  • RETAINED APPROVAL OF 35% OH RATE FROM DHHS. CONTINUED INCREASE IN INFRASTRUCTURE FOR CLINICAL TRIALS TO PROVIDE LEADING EDGE MEDICINE TO THE VETERANS. PERSIST WITH A PLAN TO DIVEST THE CSP BUILDING FROM BRINM OWNERSHIP. CONTINUED TO SERVE AS FLEXIBLE FUNDING MECHANISM FOR PROJECTS INCLUDING RESEARCH INTO OPIATE ADDICTION, LONG TERM PHENTERMINE TRIAL, STROKE PREVENTION, LOWERING LIPID LEVELS IN OLDER ADULTS, AND MUCH MORE.

    Expenses $6,811,399 · Grants $154

As filed on the 2023 return.

Listed in Part VII

  • Melissa Van Raden

    Software Developer

    Total calculated
    $131,706
    From this org
    $131,706
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rachel Archuleta

    Software Developer

    Total calculated
    $128,487
    From this org
    $128,487
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Lisa Gallegos

    HR Admin

    Total calculated
    $127,033
    From this org
    $127,033
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jennifer Hogan

    Executive Director

    Total calculated
    $126,405
    From this org
    $126,405
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Krishna Poddar

    Software Developer

    Total calculated
    $115,983
    From this org
    $115,983
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Matthew Campen

    Non-Statutory Director

    Total calculated
    $0
    Hours/week
    1

  • Todd Connor

    Non-Statutory Director

    Total calculated
    $0
    Hours/week
    1

  • Curt Hagedorn

    Statutory Director

    Total calculated
    $0
    Hours/week
    1

  • Darra Kingsley

    Statutory Director

    Total calculated
    $0
    Hours/week
    1

  • Brent Wagner

    President

    Total calculated
    $0
    Hours/week
    2

  • Breton Weintraub

    Statutory Director

    Total calculated
    $0
    Hours/week
    1

  • Gurujot Khalsa

    Statutory Director

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Jimenez

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Bill Shuttleworth

    Treasurer & Secretary

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

No itemized grants to organizations 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.

  • NMVAHCS

    Healthcare · NM

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
1 May 2025
IRS schema version
2023v6.0
Source object
202511269349302006

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