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Nonprofiteer
← THE MORRIS L LICHTENSTEIN JR MEDICAL RESEARCH FOUNDATION

Form 990 for tax year 2022

Filed by THE MORRIS L LICHTENSTEIN JR MEDICAL RESEARCH FOUNDATION.

Totals

Total revenue
$768,673
Total expenses
$981,845
Contributions and grants received
$0
Grants paid
$210,750
Program service revenue
$0
Investment income
$761,958
Other revenue
$6,715
Total assets, end of year
$12,185,379
Total liabilities, end of year
$1,468
Net assets or fund balances, end of year
$12,183,911
Program services expenses (Part IX)
$802,663
Management and general expenses
$179,182
Fundraising expenses
$0
Program service expenses (Part III)
$802,663

Program services were 81.8% 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.

  • 3 · Investment income

    total $310,900 · excluded $310,900

  • 7a · Gross sales of assets other than inventory

    securities $1,357,131 · other assets $18,410

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

    securities $924,483

  • 7c · Gain or loss

    securities $432,648 · other assets $18,410

  • 7d · Net gain or loss

    total $451,058 · excluded $451,058

  • 11a · Other revenue: MINERAL INCOME

    total $6,715 · excluded $6,715

  • 11e · Other revenue, total

    $6,715

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $210,750 · program services $210,750

  • 5 · Compensation of officers, directors and key employees

    total $78,721 · program services $7,490 · management and general $71,231

  • 7 · Other salaries and wages

    total $94,398 · program services $94,398

  • 10 · Payroll taxes

    total $9,410 · program services $7,893 · management and general $1,517

  • 11b · Fees: legal

    total $1,510 · management and general $1,510

  • 11c · Fees: accounting

    total $17,199 · management and general $17,199

  • 11f · Fees: investment management

    total $32,627 · management and general $32,627

  • 11g · Fees: other

    total $476,755 · program services $476,755

  • 13 · Office expenses

    total $3,530 · management and general $3,530

  • 16 · Occupancy

    total $16,236 · management and general $16,236

  • 17 · Travel

    total $2,467 · management and general $2,467

  • 19 · Conferences, conventions and meetings

    total $850 · management and general $850

  • 22 · Depreciation, depletion and amortization

    total $5,377 · program services $5,377

  • 23 · Insurance

    total $26,717 · management and general $26,717

  • 24a · Other expenses: MINERAL EXPENSES

    total $3,678 · management and general $3,678

  • 24b · Other expenses: CONTRACT SERVICES

    total $1,083 · management and general $1,083

  • 24c · Other expenses: POSTAGE

    total $260 · management and general $260

  • 24d · Other expenses: AD VAL TAXES

    total $170 · management and general $170

  • 24e · All other expenses

    total $107 · management and general $107

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $83,326 · end of year $89,120

  • 2 · Savings and temporary cash investments

    beginning of year $127,009 · end of year $141,587

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

    $28,867

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

    $6,949

  • 10c · Land, buildings and equipment, net

    beginning of year $20,378 · end of year $21,918

  • 11 · Investments: publicly traded securities

    beginning of year $12,155,843 · end of year $11,920,341

  • 15 · Other assets

    beginning of year $12,413 · end of year $12,413

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,886 · end of year $1,468

  • 27 · Net assets without donor restrictions

    beginning of year $12,397,083 · end of year $12,183,911

Mission and programs · 2022

Mission

THE FOUNDATION IS A MEDICAL RESEARCH ORGANIZATION WITHIN THE MEAINING OF SECTION 170(B)(1)(A)(III) OF THE U.S. INTERNAL REVENUE CODE AND RELATED TREASURY REGULATIONS. AS SUCH, THE PRINCIPAL PURPOSE AND ACTIVITY OF THE FOUNDATION IS TO CONDUCT MEDICAL RESEARCH IN COLLABORATION WITH ONE OR MORE NOT-FOR-PROFIT HOSPITALS.

Activities or mission (Part I)

THE FOUNDATION'S PRINCIPAL PURPOSE AND ACTIVITY IS TO CONDUCT MEDICAL RESEARCH IN COLLABORATION WITH ONE OR MORE NOT-FOR-PROFIT HOSPITALS.

  • IN COLLABORATION WITH THE UNIVERSITY OF TEXAS AT AUSTIN AND CHRISTUS SPOHN HOSPITAL SOUTH, FOUNDATION MEDICAL DIRECTOR M. WILSON, M.D. AND PRINCIPAL INVESTIGATOR PETER THOMAS, PH.D. ARE INVESTIGATING THE DUAL HORMONAL CONTROLS OF HUMAN VASCULAR CELL FUNCTIONS AND ROLES IN HUMAN DISEASES SUCH AS INFERTILITY, CANCER DEVELOPMENT, PRETERM BIRTH AND HYPERTENSION. (THOMAS IV STUDY)

    Expenses $319,536

  • IN COLLABORATION WITH THE UNIVERSITY OF TEXAS A&M HEALTH SCIENCE CENTER AND CATHOLIC HEALTH INITIATIVES ST. JOSEPH HEALTH REGIONAL HOSPITAL, FOUNDATION MEDICAL DIRECTOR M. WILSON, M.D. AND PRINCIPAL INVESTIGATOR, MAHUA CHOUDHURY, PH.D. ARE INVESTIGATING DIET AND DIABETES IN A TRANS GENERATIONAL EPIGENETIC STUDY. THE PROJECT SEEKS TO PREDICT THE EARLY ONSET OF DIABETES AND ADVANCE IN PREVENTIVE TREATMENT PROTOCOLS FOR DIABETES. (CHOUDHURY STUDY)

    Expenses $248,498

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $10,458

  • GENERAL AND FUTURE RESEARCH PROJECTS; GRANTS TO OTHER 501(C)(3) ORGANIZATIONS

    Expenses $224,171 · Grants $210,750

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Charles W Thomasson

    PRESIDENT /

    Total calculated
    $35,988
    From this org
    $35,988
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Allen Borden

    TREASURER /

    Total calculated
    $7,400
    From this org
    $7,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Greg Marks

    VICE PRESIDE

    Total calculated
    $7,400
    From this org
    $7,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Melissa Marks

    TRUSTEE

    Total calculated
    $6,800
    From this org
    $6,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Marcia Marks

    TRUSTEE

    Total calculated
    $6,400
    From this org
    $6,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Samuel Beecroft

    SECRETARY /

    Total calculated
    $5,400
    From this org
    $5,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Camille Thomasson

    TRUSTEE

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2022
Filed
9 December 2023
IRS schema version
2022v5.0
Source object
202333439349300003

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