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← BIOMEDICAL RESEARCH INSTITUTE OF NEW MEXICO

Form 990 for tax year 2022

Filed by BIOMEDICAL RESEARCH INSTITUTE OF NEW MEXICO.

Totals

Total revenue
$6,572,325
Total expenses
$6,276,312
Contributions and grants received
$547,907
Grants paid
$157,449
Program service revenue
$5,711,970
Investment income
$300,999
Other revenue
$11,449
Total assets, end of year
$18,158,675
Total liabilities, end of year
$9,323,960
Net assets or fund balances, end of year
$8,834,715
Program services expenses (Part IX)
$5,197,446
Management and general expenses
$1,078,866
Fundraising expenses
$0
Program service expenses (Part III)
$5,197,446

Program services were 82.8% 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.

  • 1f · All other contributions, gifts and grants

    $547,907

  • 2a · Program service revenue: RESEARCH GRANTS - FEDERAL

    total $3,935,990 · related or exempt $3,935,990

  • 2b · Program service revenue: IPA REVENUE

    total $1,446,822 · related or exempt $1,446,822

  • 2c · Program service revenue: RESEARCH GRANTS - NON-FEDERAL

    total $329,158 · related or exempt $329,158

  • 3 · Investment income

    total $253,059 · related or exempt $253,059

  • 7a · Gross sales of assets other than inventory

    securities $4,187,000

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

    securities $4,139,060

  • 7c · Gain or loss

    securities $47,940

  • 7d · Net gain or loss

    total $47,940 · related or exempt $47,940

  • 11a · Other revenue: OTHER INCOME

    total $11,449 · related or exempt $11,449

  • 11e · Other revenue, total

    $11,449

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $157,449 · program services $157,449

  • 5 · Compensation of officers, directors and key employees

    total $113,350 · program services $113,350

  • 7 · Other salaries and wages

    total $2,492,291 · program services $2,060,416 · management and general $431,875

  • 8 · Pension plan contributions

    total $60,460 · program services $60,460

  • 9 · Other employee benefits

    total $315,269 · program services $315,269

  • 10 · Payroll taxes

    total $195,851 · program services $164,174 · management and general $31,677

  • 11b · Fees: legal

    total $6,445 · program services $6,230 · management and general $215

  • 11c · Fees: accounting

    total $118,137 · management and general $118,137

  • 11g · Fees: other

    total $1,671,050 · program services $1,629,564 · management and general $41,486

  • 12 · Advertising and promotion

    total $2,885 · program services $1,195 · management and general $1,690

  • 13 · Office expenses

    total $149,680 · program services $123,669 · management and general $26,011

  • 14 · Information technology

    total $35,056 · program services $760 · management and general $34,296

  • 16 · Occupancy

    total $38,028 · program services $6,326 · management and general $31,702

  • 17 · Travel

    total $22,676 · program services $18,783 · management and general $3,893

  • 19 · Conferences, conventions and meetings

    total $10,045 · program services $9,885 · management and general $160

  • 22 · Depreciation, depletion and amortization

    total $299,249 · management and general $299,249

  • 23 · Insurance

    total $46,049 · management and general $46,049

  • 24a · Other expenses: RESEARCH SUPPLIES

    total $484,271 · program services $484,271

  • 24b · Other expenses: PATIENT PARTICIPATION

    total $27,351 · program services $26,806 · management and general $545

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $12,823 · program services $2,823 · management and general $10,000

  • 24d · Other expenses: EQUIPMENT RENTAL

    total $8,934 · program services $8,934

  • 24e · All other expenses

    total $8,963 · program services $7,082 · management and general $1,881

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $700,619 · end of year $2,387,202

  • 2 · Savings and temporary cash investments

    beginning of year $9,149,116 · end of year $10,346,266

  • 3 · Pledges and grants receivable

    beginning of year $631,727 · end of year $1,277,405

  • 4 · Accounts receivable

    beginning of year $5,394 · end of year $52,470

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,831 · end of year $135,379

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

    $7,216,814

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

    $3,256,861

  • 10c · Land, buildings and equipment, net

    beginning of year $4,259,203 · end of year $3,959,953

  • 17 · Accounts payable and accrued expenses

    beginning of year $792,914 · end of year $1,886,260

  • 19 · Deferred revenue

    beginning of year $2,364,245 · end of year $3,876,555

  • 21 · Escrow or custodial account liability

    beginning of year $3,095,636 · end of year $3,561,145

  • 27 · Net assets without donor restrictions

    beginning of year $8,517,095 · end of year $8,834,715

Mission and programs · 2022

Mission

TO PROMOTE HIGH QUALITY SCIENTIFIC RESEARCH AND EDUCATION IMPROVING HEALTHCARE, MEDICAL TREATMENT, AND QUALITY OF LIFE FOR OUR NATION'S VETERANS AND, ULTIMATELY, THE GENERAL PUBLIC.

  • RETAINED APPROVAL OF 35% OH RATE FROM DHHS. CONTINUED INCREASE IN INFRASTRUCTURE FOR CLINICAL TRIALS TO PROVIDE LEADING EDGE MEDICINE TO THE VETERANS. PERSIST WITH A PLAN TO DIVEST THE CSP BUILDING FROM BRINM OWNERSHIP. CONTINUED TO SERVE AS FLEXIBLE FUNDING MECHANISM FOR PROJECTS INCLUDING RESEARCH INTO OPIATE ADDICTION, LONG TERM PHENTERMINE TRIAL, STROKE PREVENTION, LOWERING LIPID LEVELS IN OLDER ADULTS, AND MUCH MORE.

    Expenses $5,197,446 · Grants $157,449

As filed on the 2022 return.

Listed in Part VII

  • Jan Hickey

    MANU SPEC

    Total calculated
    $124,114
    From this org
    $124,114
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Lisa Gallegos

    HR ADMIN

    Total calculated
    $123,598
    From this org
    $123,598
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Daniel Sandweiss

    EXECUTIVE DI

    Total calculated
    $115,724
    From this org
    $115,724
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Tim Hasselbach

    NETWORK ADMI

    Total calculated
    $108,964
    From this org
    $108,964
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • David Hunt

    CENTER PORTF

    Total calculated
    $104,409
    From this org
    $104,409
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jennifer Hogan

    EXECUTIVE DI

    Total calculated
    $70,682
    From this org
    $70,682
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Matthew Campen

    STATUTORY DI

    Total calculated
    $0
    Hours/week
    1

  • Andrew P Carlson

    STATUTORY DI

    Total calculated
    $0
    Hours/week
    1

  • Todd Conner

    SEC & TREAS

    Total calculated
    $0
    Hours/week
    2 + 40 related

  • Curt Hagedorn

    STATUTORY DI

    Total calculated
    $0
    Hours/week
    1 + 32 related

  • E Darlene Harbour

    STATUTORY DI

    Total calculated
    $0
    Hours/week
    1

  • Darra Kingsley

    STATUTORY DI

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Robert W McKenrick

    STATUTORY DI

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Merideth Prevost

    STATUTORY DI

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Mark L Unruh

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2 + 32 related

  • Brent Wagner

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 32 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.

Grants 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.

  • NMVAHCS

    HEALTHCARE · NM

Provenance

Return type
form_990
Tax year
2022
Filed
29 May 2024
IRS schema version
2022v5.0
Source object
202402289349301370

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