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Nonprofiteer
← SPARROW CLINICAL RESEARCH INSTITUTE

Form 990 for tax year 2024

Filed by SPARROW CLINICAL RESEARCH INSTITUTE.

Totals

Total revenue
$802,113
Total expenses
$1,036,171
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$733,228
Investment income
$68,885
Other revenue
$0
Total assets, end of year
$1,198,416
Total liabilities, end of year
$2,668,249
Net assets or fund balances, end of year
-$1,469,833
Program services expenses (Part IX)
$735,786
Management and general expenses
$300,385
Fundraising expenses
$0
Program service expenses (Part III)
$735,786

Program services were 71.0% 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.

  • 2a · Program service revenue: FUND REVENUE

    total $733,228 · related or exempt $733,228

  • 3 · Investment income

    total $24,761 · excluded $24,761

  • 7a · Gross sales of assets other than inventory

    securities $44,124

  • 7c · Gain or loss

    securities $44,124

  • 7d · Net gain or loss

    total $44,124 · excluded $44,124

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $176,827 · management and general $176,827

  • 7 · Other salaries and wages

    total $569,209 · program services $529,761 · management and general $39,448

  • 8 · Pension plan contributions

    total $51,463 · program services $36,544 · management and general $14,919

  • 9 · Other employee benefits

    total $82,824 · program services $58,813 · management and general $24,011

  • 10 · Payroll taxes

    total $48,572 · program services $34,491 · management and general $14,081

  • 11g · Fees: other

    total $207 · program services $147 · management and general $60

  • 13 · Office expenses

    total $4,398 · program services $3,123 · management and general $1,275

  • 19 · Conferences, conventions and meetings

    total $36,820 · program services $26,146 · management and general $10,674

  • 22 · Depreciation, depletion and amortization

    total $9,297 · program services $6,602 · management and general $2,695

  • 24a · Other expenses: PURCHASED SERVICES

    total $39,060 · program services $27,737 · management and general $11,323

  • 24b · Other expenses: SUPPLIES

    total $16,515 · program services $11,727 · management and general $4,788

  • 24c · Other expenses: OTHER

    total $979 · program services $695 · management and general $284

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $98,231 · end of year $153,424

  • 4 · Accounts receivable

    beginning of year $142,000 · end of year $124,140

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,500 · end of year $1,875

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

    $92,969

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

    $69,727

  • 10c · Land, buildings and equipment, net

    beginning of year $32,539 · end of year $23,242

  • 11 · Investments: publicly traded securities

    beginning of year $812,159 · end of year $895,735

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,297,548 · end of year $2,668,249

  • 27 · Net assets without donor restrictions

    beginning of year -$1,211,119 · end of year -$1,469,833

Mission and programs · 2024

Mission

PRINCIPAL PURPOSE OF OPERATING AS A MEDICAL RESEARCH ORGANIZATION DIRECTLY ENGAGED IN THE CONTINUOUS, ACTIVE CONDUCT OF MEDICAL RESEARCH, IN CONJUNCTION WITH ANY NON-PROFIT 501(C)(3) HOSPITAL AND ADMINISTERING FUNDS TO FURTHER THE CHARITABLE PURPOSE OF THE CORPORATION.

  • SOS MATERNITY INTERVENTIONS TO DECREASE PREECLAMPSIA & PRETERM BIRTH

    Expenses $80,492 · Revenue $59,735

  • LIBREXIA AF MILVEXIAN COMPARED TO APIXABAN FOR ATRIAL FIBRILLATION

    Expenses $55,726 · Revenue $67,599

  • REAL AF REGISTRY OF PAROXYSMAL AND PERSISTENT ATRIAL FIBRILLATION DATA

    Expenses $34,782 · Revenue $5,249

  • ALL OTHER PROGRAM SERVICES.

    Expenses $564,786 · Revenue $600,645

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MARGARET DIMOND PHD

    REGIONAL PRE

    Total calculated
    $1,464,110
    From this org
    $0
    From related orgs
    $1,369,566
    Other
    $94,544

    Schedule J breakdown matched by us

    Base
    not reported + $986,774 related
    Bonus
    not reported + $297,811 related
    Other
    not reported + $84,981 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $94,544 related
    Filer's total
    not reported + $1,464,110 related

  • JOEL COHN MD

    VICE CHAIRMA

    Total calculated
    $919,158
    From this org
    $0
    From related orgs
    $849,430
    Other
    $69,728
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $815,395 related
    Bonus
    not reported + $26,511 related
    Other
    not reported + $7,524 related
    Deferred
    not reported + $20,250 related
    Nontaxable benefits
    not reported + $49,478 related
    Filer's total
    not reported + $919,158 related

  • CHAD LINK DO

    FORMER BOARD

    Total calculated
    $859,624
    From this org
    $0
    From related orgs
    $769,339
    Other
    $90,285
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $718,118 related
    Bonus
    not reported + $26,511 related
    Other
    not reported + $24,710 related
    Deferred
    not reported + $9,900 related
    Nontaxable benefits
    not reported + $80,385 related
    Filer's total
    not reported + $859,624 related

  • MOHAMMED QINTAR

    BOARD MEMBER

    Total calculated
    $831,163
    From this org
    $0
    From related orgs
    $754,660
    Other
    $76,503
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $716,213 related
    Bonus
    not reported + $37,500 related
    Other
    not reported + $947 related
    Deferred
    not reported + $9,900 related
    Nontaxable benefits
    not reported + $66,603 related
    Filer's total
    not reported + $831,163 related

  • GORDON SRKALOVIC MD

    FORMER BOARD

    Total calculated
    $768,557
    From this org
    $0
    From related orgs
    $693,530
    Other
    $75,027
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $647,826 related
    Bonus
    not reported + $19,220 related
    Other
    not reported + $26,484 related
    Deferred
    not reported + $31,110 related
    Nontaxable benefits
    not reported + $43,917 related
    Filer's total
    not reported + $768,557 related

  • THEODORE GLYNN MD

    PRESIDENT

    Total calculated
    $542,275
    From this org
    $0
    From related orgs
    $465,333
    Other
    $76,942
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $399,467 related
    Bonus
    not reported + $60,001 related
    Other
    not reported + $5,865 related
    Deferred
    not reported + $9,900 related
    Nontaxable benefits
    not reported + $67,042 related
    Filer's total
    not reported + $542,275 related

  • PAULA REICHLE

    FORMER SR VP

    Total calculated
    $499,713
    From this org
    $0
    From related orgs
    $472,508
    Other
    $27,205
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    not reported + $472,508 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $9,900 related
    Nontaxable benefits
    not reported + $17,305 related
    Filer's total
    not reported + $499,713 related

  • JESSICA BRISTOL-PIPER

    DIR CLINIC R

    Total calculated
    $176,827
    From this org
    $135,458
    From related orgs
    $0
    Other
    $41,369
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,088
    Bonus
    $13,229
    Other
    $141
    Deferred
    $3,840
    Nontaxable benefits
    $37,529
    Filer's total
    $176,827

  • JENNIFER BOAK

    RESEARCH CLI

    Total calculated
    $153,094
    From this org
    $113,020
    From related orgs
    $0
    Other
    $40,074
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $106,409
    Bonus
    $6,450
    Other
    $161
    Deferred
    $6,647
    Nontaxable benefits
    $33,427
    Filer's total
    $153,094

  • JOHN IP MD

    CHAIRMAN

    Total calculated
    $54,075
    From this org
    $0
    From related orgs
    $36,720
    Other
    $17,355
    Hours/week
    1 + 40 related

  • ANMAR RAZAK MD

    BOARD MEMBER

    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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4
MARGARET DIMOND, PHD 0 51,577 0 PAULA REICHLE 472,508 0 0
SCHEDULE J, PAGE 1, PART I, LINE 7
COMPENSATION INCLUDES BOTH BASE AND VARIABLE COMPENSATION (NON-FIXED PAYMENTS). IN ACCORDANCE WITH ITS POLICIES, ALL ELEMENTS (BASE,VARIABLE, BENEFITS, AND PERQUISITES) ARE COMPARED TO MARKET.
SCHEDULE J, PART III
CHAD LINK DO, GORDAN SRKALOVIC MD, AND PAULA REICHLE ARE FORMER BOARD MEMBERS OF UMH-SPARROW CLINICAL RESEARCH INSTITUTE. THE FORMER BOARD MEMBERS ARE BEING COMPENSATED BY UMH-SPARROW HEALTH SYSTEM AND AFFILIATES FOR SERVICES PROVIDED TO UMH-SPARROW HEALTH SYSTEM AND AFFILIATES IN POSITIONS OTHER THAN BOARD MEMBERS. THE FORMER BOARD MEMBERS ARE NOT BEING COMPENSATED FOR ANY PAST SERVICES PROVIDED TO UMH-SPARROW CLINICAL RESEARCH INSTITUTE AS FORMER BOARD MEMBERS. PART I, LINE 4B - NONQUALIFIED CERTAIN EXECUTIVES PARTICIPATE IN THE 457(F) SUPPLEMENTAL RETIREMENT PLAN AND ARE MAKING CURRENT YEAR CONTRIBUTIONS AS WELL AS RECEIVING CURRENT YEAR DISTRIBUTIONS. CONTRIBUTIONS TO THE PLAN ARE DISCLOSED IN PART I, LINE 4B AND REQUIRED DISTRIBUTIONS FROM THE PLAN ARE REPORTED BELOW AS A NEGATIVE AS WELL AS BEING DISCLOSED ON SCHEDULE J, PART II COLUMN B(III). MARGARET DIMOND: -51,577

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2026
IRS schema version
2024v5.0
Source object
202611349349313236

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