Skip to content
Nonprofiteer
← BALTIMORE RESEARCH & EDUCATION FOUNDATION INC

Form 990 for tax year 2022

Filed by BALTIMORE RESEARCH & EDUCATION FOUNDATION INC.

Totals

Total revenue
$6,994,061
Total expenses
$4,659,379
Contributions and grants received
$775,425
Grants paid
$0
Program service revenue
$5,577,259
Investment income
$641,377
Other revenue
$0
Total assets, end of year
$28,445,572
Total liabilities, end of year
$18,120,111
Net assets or fund balances, end of year
$10,325,461
Program services expenses (Part IX)
$3,967,741
Management and general expenses
$691,638
Fundraising expenses
$0
Program service expenses (Part III)
$3,967,741

Program services were 85.2% 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)

    $521,395

  • 1f · All other contributions, gifts and grants

    $254,030

  • 2a · Program service revenue: Service fees

    total $5,577,259 · related or exempt $5,577,259

  • 3 · Investment income

    total $641,377 · related or exempt $641,377

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

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 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 $185,838 · management and general $185,838

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,711,425 · program services $1,433,192 · management and general $278,233

  • 8 · Pension plan contributions

    total $109,574 · program services $82,772 · management and general $26,802

  • 9 · Other employee benefits

    total $175,737 · program services $132,752 · management and general $42,985

  • 10 · Payroll taxes

    total $143,107 · program services $108,103 · management and general $35,004

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $6,042 · management and general $6,042

  • 11c · Fees: accounting

    total $45,766 · management and general $45,766

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $12,237 · management and general $12,237

  • 11g · Fees: other

    total $128,695 · program services $120,192 · management and general $8,503

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $88,948 · program services $72,620 · management and general $16,328

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $6,242 · program services $6,242

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $2,710 · program services $2,710

  • 23 · Insurance

    total $15,476 · management and general $15,476

  • 24a · Other expenses: Study expense

    total $1,253,848 · program services $1,253,848

  • 24b · Other expenses: Site payment

    total $716,588 · program services $711,317 · management and general $5,271

  • 24c · Other expenses: Registr. fees, meetings & dues

    total $52,134 · program services $41,529 · management and general $10,605

  • 24d · Other expenses: Other

    total $4,782 · program services $2,464 · management and general $2,318

  • 24e · All other expenses

    total $230 · management and general $230

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $265,688 · end of year $863,600

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $2,031,291 · end of year $2,713,877

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,970 · end of year $12,359

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

    $891,569

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

    $890,945

  • 10c · Land, buildings and equipment, net

    beginning of year $3,334 · end of year $624

  • 11 · Investments: publicly traded securities

    beginning of year $23,724,023 · end of year $24,855,112

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $780,032 · end of year $886,328

  • 19 · Deferred revenue

    beginning of year $17,315,841 · end of year $17,233,783

  • 27 · Net assets without donor restrictions

    beginning of year $7,648,962 · end of year $10,031,668

  • 28 · Net assets with donor restrictions

    beginning of year $284,471 · end of year $293,793

Mission and programs · 2022

Mission

Scientific research and education to improve Veterans' health.

  • During the past year the Baltimore Research and Education Foundation (BREF) managed research and education projects in the following areas - detection and/or treatment of: cardiovascular disease, heart failure, diabetes, multiple sclerosis, mental illness, drug abuse, obesity, pulmonary conditions, orthopedic conditions, geriatric fall risk and rehabilitation, blast injuries, cancer, sarcopenia, wound healing, and infectious diseases including COVID19 vaccines/treatments. Additionally, BREF facilitated Veterans healthcare quality improvement and facilitated therapy jazz concerts at the Loch Raven VA Facility for residential Veterans.

    Expenses $3,967,741 · Revenue $5,577,259

As filed on the 2022 return.

Listed in Part VII

  • Sandra Marshall MD

    Director

    Total calculated
    $431,934
    From this org
    $0
    From related orgs
    $332,257
    Other
    $99,677
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $332,257 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $99,677 related
    Filer's total
    not reported + $431,934 related

  • Thomas Hornyak MD PhD

    President

    Total calculated
    $366,911
    From this org
    $0
    From related orgs
    $282,239
    Other
    $84,672
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    not reported + $282,239 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $84,672 related
    Filer's total
    not reported + $366,911 related

  • Leslie Katzel MD PhD

    Treasurer/Sec.

    Total calculated
    $328,571
    From this org
    $0
    From related orgs
    $252,747
    Other
    $75,824
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    not reported + $252,747 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $75,824 related
    Filer's total
    not reported + $328,571 related

  • Nikkita Southall MD

    Director

    Total calculated
    $320,039
    From this org
    $0
    From related orgs
    $246,184
    Other
    $73,855
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $246,184 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $73,855 related
    Filer's total
    not reported + $320,039 related

  • Jonathan Eckman PE

    Director

    Total calculated
    $277,353
    From this org
    $0
    From related orgs
    $213,348
    Other
    $64,005
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $213,348 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $64,005 related
    Filer's total
    not reported + $277,353 related

  • Barabara Forsha MSN RN ET

    Director

    Total calculated
    $275,328
    From this org
    $0
    From related orgs
    $211,791
    Other
    $63,537
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $211,791 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $63,537 related
    Filer's total
    not reported + $275,328 related

  • Caroline Zink PhD

    Executive Dir.

    Total calculated
    $259,891
    From this org
    $199,916
    From related orgs
    $0
    Other
    $59,975
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,916
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $59,975
    Filer's total
    $259,891

  • Brian Nimmo MS

    Director

    Total calculated
    $251,321
    From this org
    $0
    From related orgs
    $193,324
    Other
    $57,997
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $193,324 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $57,997 related
    Filer's total
    not reported + $251,321 related

  • Kousick Biswas PhD

    Director

    Total calculated
    $220,280
    From this org
    $0
    From related orgs
    $169,446
    Other
    $50,834
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $169,446 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $50,834 related
    Filer's total
    not reported + $220,280 related

  • Taquisa Simmons PhD

    Director

    Total calculated
    $206,782
    From this org
    $0
    From related orgs
    $159,063
    Other
    $47,719
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $159,063 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $47,719 related
    Filer's total
    not reported + $206,782 related

  • Qiang Qian

    Statistician

    Total calculated
    $145,495
    From this org
    $136,935
    From related orgs
    $0
    Other
    $8,560
    Hours/week
    40

  • Mary Bowers-Lash

    Res. Coordinator

    Total calculated
    $127,108
    From this org
    $119,817
    From related orgs
    $0
    Other
    $7,291
    Hours/week
    40

  • Lousia Peartree MBA

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bryan Soronson MPA

    Director

    Total calculated
    $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. 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 · 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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 April 2024
IRS schema version
2022v5.0
Source object
202411019349301421

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

The source document this was parsed from is served over the API, which is where bulk and document access live.