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← MASONIC MEDICAL RESEARCH LABORATORY

Form 990 for tax year 2022

Filed by MASONIC MEDICAL RESEARCH LABORATORY.

Totals

Total revenue
$4,154,431
Total expenses
$9,376,509
Contributions and grants received
$3,040,323
Grants paid
$0
Program service revenue
$0
Investment income
$1,111,480
Other revenue
$2,628
Total assets, end of year
$51,788,536
Total liabilities, end of year
$12,535,119
Net assets or fund balances, end of year
$39,253,417
Program services expenses (Part IX)
$6,343,210
Management and general expenses
$2,321,556
Fundraising expenses
$711,743
Program service expenses (Part III)
$6,343,210

Program services were 67.7% 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.

  • 1e · Government grants (contributions)

    $1,708,279

  • 1f · All other contributions, gifts and grants

    $1,332,044

  • 3 · Investment income

    total $917,416 · excluded $917,416

  • 7a · Gross sales of assets other than inventory

    securities $15,916,292 · other assets $11,000

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

    securities $15,733,228 · other assets $0

  • 7c · Gain or loss

    securities $183,064 · other assets $11,000

  • 7d · Net gain or loss

    total $194,064 · excluded $194,064

  • 11a · Other revenue: OTHER REVENUE

    total $2,628 · excluded $2,628

  • 11e · Other revenue, total

    $2,628

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $786,036 · program services $308,404 · management and general $308,404 · fundraising $169,228

  • 7 · Other salaries and wages

    total $3,126,578 · program services $2,099,044 · management and general $796,865 · fundraising $230,669

  • 9 · Other employee benefits

    total $873,288 · program services $563,345 · management and general $249,134 · fundraising $60,809

  • 11b · Fees: legal

    total $243,604 · management and general $243,604

  • 11d · Fees: lobbying

    total $39,881 · management and general $39,881

  • 11f · Fees: investment management

    total $66,925 · management and general $66,925

  • 11g · Fees: other

    total $153,731 · program services $10,631 · management and general $96,711 · fundraising $46,389

  • 12 · Advertising and promotion

    total $98,460 · program services $18,134 · management and general $5,804 · fundraising $74,522

  • 13 · Office expenses

    total $223,454 · program services $82,771 · management and general $86,658 · fundraising $54,025

  • 17 · Travel

    total $187,994 · program services $112,019 · management and general $46,788 · fundraising $29,187

  • 20 · Interest

    total $469,650 · program services $362,496 · management and general $95,132 · fundraising $12,022

  • 22 · Depreciation, depletion and amortization

    total $1,692,245 · program services $1,524,509 · management and general $148,766 · fundraising $18,970

  • 23 · Insurance

    total $122,448 · program services $69,453 · management and general $50,534 · fundraising $2,461

  • 24a · Other expenses: RESEARCH EXPENSES

    total $894,869 · program services $894,869

  • 24b · Other expenses: BUILDINGS AND GROUNDS O

    total $260,360 · program services $201,935 · management and general $51,375 · fundraising $7,050

  • 24c · Other expenses: EQUIPMENT AND REPAIRS

    total $109,737 · program services $90,581 · management and general $17,426 · fundraising $1,730

  • 24d · Other expenses: OTHER

    total $27,249 · program services $5,019 · management and general $17,549 · fundraising $4,681

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $702,927 · end of year $597,594

  • 2 · Savings and temporary cash investments

    beginning of year $1,891,519 · end of year $1,053,981

  • 3 · Pledges and grants receivable

    beginning of year $3,804,279 · end of year $863,743

  • 4 · Accounts receivable

    beginning of year $41,766 · end of year $48,348

  • 9 · Prepaid expenses and deferred charges

    beginning of year $157,992 · end of year $1,258,477

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

    $26,293,922

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

    $10,499,387

  • 10c · Land, buildings and equipment, net

    beginning of year $16,557,355 · end of year $15,794,535

  • 11 · Investments: publicly traded securities

    beginning of year $29,548,225 · end of year $24,440,980

  • 12 · Investments: other securities

    beginning of year $1,116,076 · end of year $1,077,054

  • 15 · Other assets

    beginning of year $1,527,055 · end of year $6,653,824

  • 17 · Accounts payable and accrued expenses

    beginning of year $972,408 · end of year $456,640

  • 19 · Deferred revenue

    beginning of year $12,601 · end of year $96

  • 23 · Secured mortgages and notes payable

    beginning of year $11,943,158 · end of year $11,943,158

  • 25 · Other liabilities

    beginning of year $139,331 · end of year $135,225

  • 27 · Net assets without donor restrictions

    beginning of year $33,550,158 · end of year $25,945,756

  • 28 · Net assets with donor restrictions

    beginning of year $8,729,538 · end of year $13,307,661

Mission and programs · 2022

Mission

MASONIC MEDICAL RESEARCH LABORATORY, DOING BUSINESS AS MASONIC MEDICAL RESEARCH INSTITUTE, IS A NOT-FOR-PROFIT INSTITUTE DEDICATED TO IMPROVING THE HEALTH AND QUALITY OF LIFE FOR ALL. THE INSTITUTE'S PRIMARY MISSION IS TO CONDUCT HIGH QUALITY BASIC AND CLINICAL RESEARCH AIMED AT GENERATING KNOWLEDGE AND INFORMATION NECESSARY FOR DEVELOPMENT OF THE MEDICAL CURES AND TREATMENTS OF TOMORROW. THE INSTITUTE IS ALSO COMMITTED TO PROVIDING EDUCATION AND TRAINING TO BASIC SCIENTISTS, CLINICAL RESEARCHERS AND STUDENTS WHO WILL PERPETUATE AND EXTEND THE FIGHT AGAINST DISEASE.

Activities or mission (Part I)

SEE SCHEDULE O

  • THE MASONIC MEDICAL RESEARCH LABORATORY, DOING BUSINESS AS MASONIC MEDICAL RESEARCH INSTITUTE (MMRI), IS A WORLD RENOWNED MEDICAL RESEARCH CENTER KNOWN FOR ITS SCIENTIFIC ACHIEVEMENTS, ESPECIALLY IN THE FIELD OF EXPERIMENTAL CARDIOLOGY. CURRENT RESEARCH EFFORTS ENCOMPASS ISCHEMIC HEART DISEASE, CARDIAC ARRHYTHMIAS, CARDIOVASCULAR DISEASE AND SUDDEN CARDIAC DEATH. MMRI IS A LEADING CENTER FOR GENETIC SCREENING OF CARDIAC DISEASE AS WELL AS IN THE DEVELOPMENT OF INNOVATIVE AND EFFECTIVE PHARMACOLOGIC TREATMENT FOR ATRIAL FIBRILLATION. THE STEM CELL CENTER IS FOCUSED ON REGENERATING MEDICINE AND THE DEVELOPMENT OF HUMAN MODELS OF DISEASE. OUR SCIENTIFIC FINDINGS ARE PUBLISHED IN THE FINEST MEDICAL JOURNALS IN THE WORLD.

    Expenses $6,343,210

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

Listed in Part VII

  • DAVID F SCHNEEWEISS

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • ROBERT A HEWSON DPM

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • PASQUALE IMBIMBO JR

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • JAMES D SWAN JR

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • VINCENT CUNZIO CPA

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • ALVARO F QUIROGA

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • MICHAEL A CHAPLIN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID D GOODWIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PETER R GRAY MD PHD FACC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAUL A GUERRERO CMR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD J MILLER JR ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAUL E MOSSBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VIRGILIO S QUIJANO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHELDON B RICHMAN ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FRANK R WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARIA KONTARIDIS PHD

    EXECUTIVE DIRECTOR

    Total calculated
    $654,592
    From this org
    $581,765
    From related orgs
    $0
    Other
    $72,827
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $581,765
    Bonus
    $0
    Other
    $0
    Deferred
    $51,000
    Nontaxable benefits
    $21,827
    Filer's total
    $654,592

  • STEPHEN IZZO

    MAJOR GIFTS OFFICER

    Total calculated
    $179,249
    From this org
    $143,846
    From related orgs
    $0
    Other
    $35,403
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,846
    Bonus
    $0
    Other
    $0
    Deferred
    $14,385
    Nontaxable benefits
    $21,018
    Filer's total
    $179,249

  • JASON MCCARTHY

    RESEARCH SCIENTIST

    Total calculated
    $210,685
    From this org
    $172,308
    From related orgs
    $0
    Other
    $38,377
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,308
    Bonus
    $0
    Other
    $0
    Deferred
    $17,231
    Nontaxable benefits
    $21,146
    Filer's total
    $210,685

  • NATE TUCKER

    RESEARCH SCIENTIST

    Total calculated
    $169,775
    From this org
    $136,340
    From related orgs
    $0
    Other
    $33,435
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,200
    Bonus
    $11,140
    Other
    $0
    Deferred
    $12,500
    Nontaxable benefits
    $20,935
    Filer's total
    $169,775

  • ZHIQIANG LIN

    RESEARCH SCIENTIST

    Total calculated
    $163,435
    From this org
    $130,000
    From related orgs
    $0
    Other
    $33,435
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,000
    Bonus
    $5,000
    Other
    $0
    Deferred
    $12,500
    Nontaxable benefits
    $20,935
    Filer's total
    $163,435

  • VARUN BALAJI

    IT DIRECTOR

    Total calculated
    $130,353
    From this org
    $103,182
    From related orgs
    $0
    Other
    $27,171
    Hours/week
    40

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 · Written employment contract
  • 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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
26 June 2023
IRS schema version
2022v5.0
Source object
202341779349301419

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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