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← HUNTINGTON MEDICAL RESEARCH INSTITUTES

Form 990 for tax year 2024

Filed by HUNTINGTON MEDICAL RESEARCH INSTITUTES.

Totals

Total revenue
$7,051,359
Total expenses
$13,260,671
Contributions and grants received
$4,996,798
Grants paid
$0
Program service revenue
$54,920
Investment income
$1,451,140
Other revenue
$548,501
Total assets, end of year
$59,425,030
Total liabilities, end of year
$2,130,800
Net assets or fund balances, end of year
$57,294,230
Program services expenses (Part IX)
$8,795,185
Management and general expenses
$3,872,822
Fundraising expenses
$592,664
Program service expenses (Part III)
$8,795,185

Program services were 66.3% 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)

    $3,331,810

  • 1f · All other contributions, gifts and grants

    $1,664,988

  • 2a · Program service revenue: MEDICAL RESEARCH

    total $54,920 · related or exempt $54,920

  • 3 · Investment income

    total $1,060,680 · unrelated business $158,146 · excluded $902,534

  • 5 · Royalties

    total $7,869 · excluded $7,869

  • 6a · Gross rents

    real property $291,066

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $291,066

  • 6d · Net rental income or loss

    total $291,066 · excluded $291,066

  • 7a · Gross sales of assets other than inventory

    securities $16,243,534 · other assets $10,000

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

    securities $15,863,074 · other assets $0

  • 7c · Gain or loss

    securities $380,460 · other assets $10,000

  • 7d · Net gain or loss

    total $390,460 · excluded $390,460

  • 11a · Other revenue: OTHER INCOME

    total $249,566 · excluded $249,566

  • 11e · Other revenue, total

    $249,566

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,868,359 · program services $608,127 · management and general $1,133,732 · fundraising $126,500

  • 7 · Other salaries and wages

    total $3,563,517 · program services $2,353,218 · management and general $922,002 · fundraising $288,297

  • 8 · Pension plan contributions

    total $245,000 · program services $155,447 · management and general $72,920 · fundraising $16,633

  • 9 · Other employee benefits

    total $776,874 · program services $435,997 · management and general $283,113 · fundraising $57,764

  • 10 · Payroll taxes

    total $348,491 · program services $191,844 · management and general $130,231 · fundraising $26,416

  • 11b · Fees: legal

    total $98,270 · program services $16,464 · management and general $81,806

  • 11c · Fees: accounting

    total $111,220 · management and general $111,220

  • 11f · Fees: investment management

    total $24,273 · management and general $24,273

  • 11g · Fees: other

    total $372,778 · program services $9,000 · management and general $363,278 · fundraising $500

  • 13 · Office expenses

    total $501,336 · program services $280,365 · management and general $180,251 · fundraising $40,720

  • 16 · Occupancy

    total $746,571 · program services $629,717 · management and general $112,825 · fundraising $4,029

  • 17 · Travel

    total $35,564 · program services $34,451 · management and general $1,057 · fundraising $56

  • 19 · Conferences, conventions and meetings

    total $30,845 · program services $11,526 · management and general $2,652 · fundraising $16,667

  • 22 · Depreciation, depletion and amortization

    total $1,480,146 · program services $1,139,841 · management and general $329,646 · fundraising $10,659

  • 23 · Insurance

    total $301,488 · program services $214,057 · management and general $84,416 · fundraising $3,015

  • 24a · Other expenses: RESEARCH AND OTHER SUPP

    total $2,605,915 · program services $2,605,915

  • 24b · Other expenses: REPAIRS, MAINTENANCE, A

    total $112,951 · program services $82,736 · management and general $29,172 · fundraising $1,043

  • 24c · Other expenses: TAXES AND LICENSES

    total $37,073 · program services $26,480 · management and general $10,228 · fundraising $365

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $10,608,446 · end of year $6,317,770

  • 3 · Pledges and grants receivable

    beginning of year $1,536,970 · end of year $683,613

  • 4 · Accounts receivable

    beginning of year $296,133 · end of year $293,598

  • 9 · Prepaid expenses and deferred charges

    beginning of year $79,452 · end of year $119,317

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

    $45,756,932

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

    $17,541,900

  • 10c · Land, buildings and equipment, net

    beginning of year $29,645,236 · end of year $28,215,032

  • 11 · Investments: publicly traded securities

    beginning of year $19,005,451 · end of year $20,951,904

  • 12 · Investments: other securities

    beginning of year $2,905,598 · end of year $2,588,931

  • 14 · Intangible assets

    beginning of year $246,908 · end of year $254,865

  • 17 · Accounts payable and accrued expenses

    beginning of year $971,978 · end of year $1,358,101

  • 19 · Deferred revenue

    beginning of year $17,300 · end of year $772,699

  • 25 · Other liabilities

    beginning of year $1,085,716 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $44,855,140 · end of year $41,451,425

  • 28 · Net assets with donor restrictions

    beginning of year $17,394,060 · end of year $15,842,805

Mission and programs · 2024

Mission

HMRI ADVANCES SCIENTIFIC DISCOVERY THROUGH INNOVATIVE BIOMEDICAL RESEARCH TO IMPROVE HEALTH OUTCOMES AND INSPIRE THE NEXT GENERATION OF SCIENTISTS.

  • HMRI'S RESEARCH PROGRAMS ARE FOCUSED ON COMMON DISEASE PROCESSES INCLUDING NEUROLOGIC (ALZHEIMER'S-MIGRAINE), CARDIOVASCULAR, LIVER AND GASTROINTESTINAL, AND MAGNETIC RESONANCE IMAGING THAT SUPPORTS RESEARCH ACROSS HMRI. IN 2024/2025 HMRI RESEARCHERS PUBLISHED PAPERS IN PEER REVIEWED JOURNALS, SERVED ON EDITORIAL BOARDS AND SCIENCE ADVISORY BOARDS, AND PRESENTED THEIR WORK AT CONFERENCES. THE MAJOR SERVICE ACCOMPLISHMENTS OF THE YEAR WERE THE ONGOING SEMINAR SERIES OPEN TO THE PUBLIC COVERING A WIDE RANGE OF TIMELY MEDICAL AND RESEARCH TOPICS, AND ONGOING ENROLLMENT OF STUDY PARTICIPANTS IN OUR STUDY OF BRAIN AGING.

    Expenses $8,795,185 · Revenue $54,920

As filed on the 2024 return.

Listed in Part VII

  • John Babcock

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Susan E Kane - Immediate

    PAST BOARD CHAIR (THRU 09/17)

    Total calculated
    $0
    Hours/week
    2

  • Sonia Singla - Vice Chair

    & INTERIM TREASURER (THRU 09/25)

    Total calculated
    $0
    Hours/week
    2

  • Cameron Boswell

    BOARD MEMBER (THRU 06/25)

    Total calculated
    $0
    Hours/week
    2

  • Richard J Bruckner

    BOARD MEMBER (AS OF 09/25)

    Total calculated
    $0
    Hours/week
    2

  • Hilary J Fausett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • James J Femino

    BOARD MEMBER (THRU 09/25)

    Total calculated
    $0
    Hours/week
    2

  • Lawrence W Jones

    BOARD MEMBER (THRU 11/24)

    Total calculated
    $0
    Hours/week
    2

  • Ellen Lansden

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Alexandra Levine

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Edward A Mena

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John L Mothershead

    BOARD MEMBER (THRU 09/25)

    Total calculated
    $0
    Hours/week
    2

  • Terry Perucca

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John Reith

    BOARD MEMBER (AS OF 11/24)

    Total calculated
    $0
    Hours/week
    2

  • Sandra Sharp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Uma Shrivastava

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John C Siciliano

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Philip A Swan

    BOARD MEMBER (AS OF 11/24)

    Total calculated
    $0
    Hours/week
    2

  • Rick Wentzel

    BOARD MEMBER (THRU 09/25)

    Total calculated
    $0
    Hours/week
    2

  • Julia Bradsher

    PRESIDENT AND CEO

    Total calculated
    $515,480
    From this org
    $483,930
    From related orgs
    $0
    Other
    $31,550
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $483,930
    Bonus
    $0
    Other
    $0
    Deferred
    $26,684
    Nontaxable benefits
    $4,866
    Filer's total
    $515,480

  • Wendy Welch-Keller

    CHIEF OF STAFF, BOARD SECRETARY

    Total calculated
    $154,235
    From this org
    $139,218
    From related orgs
    $0
    Other
    $15,017
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,218
    Bonus
    $0
    Other
    $0
    Deferred
    $11,425
    Nontaxable benefits
    $3,592
    Filer's total
    $154,235

  • Robert Kloner

    CSO, DIRECTOR CARDIOVASCULAR

    Total calculated
    $460,340
    From this org
    $448,180
    From related orgs
    $0
    Other
    $12,160
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $448,180
    Bonus
    $0
    Other
    $0
    Deferred
    $12,160
    Nontaxable benefits
    $0
    Filer's total
    $460,340

  • Regina Rodriguez

    CHIEF PEOPLE OFFICER

    Total calculated
    $260,600
    From this org
    $245,805
    From related orgs
    $0
    Other
    $14,795
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,805
    Bonus
    $0
    Other
    $0
    Deferred
    $10,000
    Nontaxable benefits
    $4,795
    Filer's total
    $260,600

  • Mark Dixon

    CHIEF OPERATION OFFICER

    Total calculated
    $222,480
    From this org
    $201,598
    From related orgs
    $0
    Other
    $20,882
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,598
    Bonus
    $0
    Other
    $0
    Deferred
    $16,480
    Nontaxable benefits
    $4,402
    Filer's total
    $222,480

  • Gabriel Rincon

    CFO & TREASURER (THRU 08/24)

    Total calculated
    $218,619
    From this org
    $198,825
    From related orgs
    $0
    Other
    $19,794
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,825
    Bonus
    $0
    Other
    $0
    Deferred
    $15,331
    Nontaxable benefits
    $4,463
    Filer's total
    $218,619

  • Paul Roach

    VICE PRESIDENT, DEVELOPMENT

    Total calculated
    $167,520
    From this org
    $151,805
    From related orgs
    $0
    Other
    $15,715
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,805
    Bonus
    $0
    Other
    $0
    Deferred
    $10,920
    Nontaxable benefits
    $4,795
    Filer's total
    $167,520

  • Anju Vasudevan

    SCIENTIFIC DIRECTOR NEUROSCIENCE

    Total calculated
    $233,394
    From this org
    $212,831
    From related orgs
    $0
    Other
    $20,563
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,831
    Bonus
    $0
    Other
    $0
    Deferred
    $17,288
    Nontaxable benefits
    $3,275
    Filer's total
    $233,394

  • Nicole Purcell - Scientific Directo

    OF EDU PROGRAMS & ASSOCIATE PROF

    Total calculated
    $218,297
    From this org
    $200,558
    From related orgs
    $0
    Other
    $17,739
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,558
    Bonus
    $0
    Other
    $0
    Deferred
    $16,126
    Nontaxable benefits
    $1,613
    Filer's total
    $218,297

  • Astrid Suchy-Dicey - Clinical

    NEUROSCIENCE DIRECTOR (THRU 07/25)

    Total calculated
    $217,836
    From this org
    $200,498
    From related orgs
    $0
    Other
    $17,338
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,498
    Bonus
    $0
    Other
    $0
    Deferred
    $16,136
    Nontaxable benefits
    $1,202
    Filer's total
    $217,836

  • Alexander Abramyan - Senior Dir Gra

    & CONTRACT MANAGEMENT (THRU 07/25)

    Total calculated
    $173,400
    From this org
    $151,380
    From related orgs
    $0
    Other
    $22,020
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,380
    Bonus
    $0
    Other
    $0
    Deferred
    $12,800
    Nontaxable benefits
    $9,220
    Filer's total
    $173,400

  • Tangge Teng

    CONTROLLER

    Total calculated
    $161,757
    From this org
    $152,107
    From related orgs
    $0
    Other
    $9,650
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,107
    Bonus
    $0
    Other
    $0
    Deferred
    $6,198
    Nontaxable benefits
    $3,452
    Filer's total
    $161,757

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 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.

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 corporations and trusts

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

  • CHARITABLE REMAINDER TRUST (1)

    T · CA

Provenance

Return type
form_990
Tax year
2024
Filed
31 July 2026
IRS schema version
2024v5.5
Source object
202602169349301915

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