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← Moody Medical Research Institute

Form 990 for tax year 2023

Filed by Moody Medical Research Institute.

Totals

Total revenue
$1,073,311
Total expenses
$2,548,296
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$1,073,311
Other revenue
$0
Total assets, end of year
$19,075,250
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$19,075,250
Program services expenses (Part IX)
$2,445,606
Management and general expenses
$102,690
Fundraising expenses
$0
Program service expenses (Part III)
$2,445,606

Program services were 96.0% 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 $600,311 · excluded $600,311

  • 7a · Gross sales of assets other than inventory

    securities $4,355,867

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

    securities $3,882,867

  • 7c · Gain or loss

    securities $473,000

  • 7d · Net gain or loss

    total $473,000 · excluded $473,000

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $115,000 · program services $103,500 · management and general $11,500

  • 7 · Other salaries and wages

    total $504,601 · program services $504,601

  • 10 · Payroll taxes

    total $48,390 · program services $48,390

  • 11b · Fees: legal

    total $36,781 · program services $33,103 · management and general $3,678

  • 11c · Fees: accounting

    total $6,600 · program services $5,940 · management and general $660

  • 11f · Fees: investment management

    total $33,522 · management and general $33,522

  • 11g · Fees: other

    total $43,370 · management and general $43,370

  • 13 · Office expenses

    total $20,812 · program services $18,731 · management and general $2,081

  • 14 · Information technology

    total $2,363 · program services $2,127 · management and general $236

  • 16 · Occupancy

    total $110,502 · program services $110,502

  • 23 · Insurance

    total $8,492 · program services $849 · management and general $7,643

  • 24a · Other expenses: Medical research costs

    total $1,181,386 · program services $1,181,386

  • 24b · Other expenses: CRI research expense

    total $436,477 · program services $436,477

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $217,386 · end of year $322,003

  • 11 · Investments: publicly traded securities

    beginning of year $18,879,987 · end of year $18,724,165

  • 15 · Other assets

    beginning of year $464,455 · end of year $29,082

  • 27 · Net assets without donor restrictions

    beginning of year $19,561,828 · end of year $19,075,250

Mission and programs · 2023

Mission

The mission of Moody Medical Research Institute is to advance the world's medical science through pioneering research in Texas.

Activities or mission (Part I)

Moody Medical Research Institute (MMRI) is directly engaged in the continuous active conduct of medical research in the State of Texas in conjunction with Affiliate Hospitals, including Children's Health Clinical Operations (dba Children's Medical Center of Dallas), Children's Medical Research Institute at the University of Texas (CRI), and the University of Texas Southwestern Medical Center.

  • See Schedule O

    Expenses $2,445,606

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Elizabeth Moody

    President

    Total calculated
    $96,953
    From this org
    $0
    From related orgs
    $96,953
    Other
    $0
    Hours/week
    1 + 10 related

  • Frances A Moody-Dahlberg

    Treasurer

    Total calculated
    $661,325
    From this org
    $0
    From related orgs
    $552,032
    Other
    $109,293
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $442,520 related
    Bonus
    $0
    Other
    $0 + $109,512 related
    Deferred
    $0 + $55,260 related
    Nontaxable benefits
    $0 + $54,033 related
    Filer's total
    $0 + $661,325 related

  • Ross R Moody

    Vice President

    Total calculated
    $96,953
    From this org
    $0
    From related orgs
    $96,953
    Other
    $0
    Hours/week
    1 + 10 related

  • Thomas Blackwell MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jack Moody

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jamie G Williams

    CEO

    Total calculated
    $259,635
    From this org
    $115,000
    From related orgs
    $99,702
    Other
    $44,933
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $115,000 + $98,280 related
    Bonus
    $0
    Other
    $0 + $1,422 related
    Deferred
    $0 + $5,897 related
    Nontaxable benefits
    $0 + $39,036 related
    Filer's total
    $115,000 + $144,635 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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202413189349304861

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