2018-08-14T18:16:13-05:00 2017-09-30 952648289 Vavrinek Trine Day & Co LLP 300 N Lake Ave Suite 930 Pasadena CA 911014106 990 2016-10-01 951757119 HUNTINGTON MEDICAL RESEARCH INSTITUTE HUNT 6267954343 686 South Fair Oaks Avenue PASADENA CA 91105 JOHN MOTHERSHEAD CHAIRMAN 6267954343 2018-08-13 1 Erich Rail P00174228 6265771440 2016 2022-09-23 18:48:47Z X FRANK DAVIS 686 South Fair Oaks Avenue PASADENA CA 91105 28817145 0 X www.hmri.org X 1982 CA To engage a program of basic and applied research devoted to new and advanced studies into the causes, nature, prevention, and cure of human diseases. 23 22 67 17 0 0 4948085 11521073 599119 910271 6299046 2568975 754341 883584 12600591 15883903 0 0 0 0 5183576 5501807 195000 48750 745496 4346681 3286332 9725257 8836889 2875334 7047014 63384613 73783175 6291019 7065404 57093594 66717771 CHANGING LIVES THROUGH MULTIDISCIPLINARY, PATIENT-FOCUSED RESEARCH. 0 0 6214104 910271 HMRI's research programs are focused on common disease processes including neurologic (Alzheimer's, migraine, traumatic brain injury), cardiovascular, liver and gastrointestinal, diseases of pregnancy, and magnetic resonance imaging and spectroscopy research that supports research across HMRI. In 2016 HMRI researchers published 32 papers in peer reviewed journals, served on several editorial boards and science advisory boards, and presented their work at local and international conferences. The three major service accomplishments of the year were the ongoing seminar series open to the public covering a wide range of timely medical (CME) and research topics; ongoing enrollment of elderly volunteers in our now institute-wide study of brain aging; and leadership for the imaging research program. 6214104 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 37 0 1 67 1 0 0 0 0 0 0 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X FRANK DAVIS 6267954343 686 South Fair Oaks Avenue PASADENA CA 91105 JOHN MOTHERSHEAD CO HMRI Chairman 16.00 X X 0 0 0 JAMES D GAMB CO HMRI Vice-Chairman 4.00 X X 0 0 0 Dave Silvey CO HMRI Secretary 4.00 X X 0 0 0 ALLEN W MATHIES CO HMRI BOARD MEMBER 2.00 X 0 0 0 C Joseph Chang CO HMRI BOARD MEMBER 2.00 X 0 0 0 Dan Kimbell co HMRI BoarD MEMBER 2.00 X 0 0 0 Dave Davis co HMRI BOARD MEMBER 2.00 X 0 0 0 George D Leal CO HMRI BOARD MEMBER 2.00 X 0 0 0 HELEN BAATZ CO HMRI BOARD MEMBER 2.00 X 0 0 0 JAMES J FEMINO MD CO HMRI BOARD MEMBER 2.00 X 0 0 0 John Babcock co HMRI BOARD MEMBER 2.00 X 0 0 0 JOHN D BALDESCHWIELER PHDCO HMRI BoARD MEMBER 2.00 X 0 0 0 Jon Atzen CO HMRI BOARD MEMBER 2.00 X 0 0 0 Karhleen Kane co HMRI Board Member 2.00 X 0 0 0 Lary J Mielke CO HMRI BOARD MEMBER 2.00 X 0 0 0 LAWRENCE W JONES md CO HMRI BOARD MEMBER 2.00 X 0 0 0 LYNN H MYERS CO HMRI BOARD MEMBER 2.00 X 0 0 0 NELSON D JONES CO HMRI BOARD MEMBER 2.00 X 0 0 0 PETER M MENARD CO HMRI BOARD MEMBER 2.00 X 0 0 0 ROBERT E TRANQUADA MD CO HMRI BOARD MEMBER 2.00 X 0 0 0 ROGER ENGEMANN CO HMRI BOARD MEMBER 2.00 X 0 0 0 Sonia Singla CO HMRI BOARD MEMBER 2.00 X 0 0 0 SUSAN E KANE CO HMRI BOARD MEMBER 2.00 X 0 0 0 WILLIAM E THOMSON CO HMRI BOARD MEMBER 2.00 X 0 0 0 MARIE CSETE CO HMRI CHIEF SCIENTIST/PRESIDENT 40.00 X 296547 0 30724 FRANK DAVIS VP - Finance / Treasurer 40.00 X 124418 0 19953 Robert Kloner Interim CSO/Dir. of Cardiovascular 40.00 X 180000 0 7200 DOUGLASS MCCREERY phd CO HMRI DIR NEURAL ENGINEERING 40.00 X 119198 0 12268 Kevin King Director of Imaging Research 40.00 X 140000 0 12200 Dir MICHAEL HARRINGTON md CO HMRI MOLECULAR NEUROLOGY 40.00 X 139500 0 11160 999663 0 93505 6 0 1 0 Community Counseling SCV 300 Spectrum Center Drive Ste 1430 Irvine CA 92618 Fundraising & Development 211250 DAVIS WRIGHT TREMAINE LLP 1201 THIRD AVE STE 2200 SEATTLE WA 981013045 LEGAL SERVICES 207484 2 47800 2396986 9076287 3688709 11521073 MEDICAL RESEARCH 541700 910271 910271 910271 811383 811383 128846 128846 279139 0 279139 279139 279139 14642237 12855199 29446 1787038 -29446 1757592 1757592 21765 47800 48597 -26832 -26832 PARTNERSHIP INCOME 900099 502431 502431 502431 15883903 910271 0 3452559 439754 29152 394047 16555 3048715 2358705 392603 297407 1436711 982710 324697 129304 321860 220152 72741 28967 254767 174261 57577 22929 31397 31397 42493 42493 48750 48750 446102 254341 126763 64998 10576 10576 226955 105447 55402 66106 478129 178271 292823 7035 40956 26740 1929 12287 728316 676897 51419 132573 116664 13258 2651 RESEARCH AND OTHER SUPP 680435 647638 -1225 34022 REPAIRS, MAINTENANCE, A 248939 232185 14265 2489 BAD DEBT LOSS 135000 135000 OTHER TAXES AND LICENSE 71003 62483 7100 1420 13458 13458 8836889 6214104 1877289 745496 950 950 7938243 7380671 1092604 3437458 80851 223466 74783 40013 35839072 9095198 13420909 26743874 30851639 27381977 7477476 6113995 2447158 2460771 63384613 73783175 1246032 2567745 49934 37998 4995053 4459661 6291019 7065404 X 43830166 52779441 7776636 8451538 5486792 5486792 57093594 66717771 63384613 73783175 X 7047014 2048388 528775 X X 0 1 X 1 1 1 X 5051131 7169872 7383143 4948085 11521073 36073304 5051131 7169872 7383143 4948085 11521073 36073304 7455006 28618298 890796 914890 1246367 1045984 1721799 5819836 657044 833328 993005 599119 910271 3992767 45885907 0.62370 0.67440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38060090 4659171 8457193 34262068 39610622 1930978 3481510 38060090 41793555 2000000 -1472571 2710362 39610622 40904694 3409850 2520989 41793555 39013019 4565133 2673458 40904694 0.68390 0.16010 0.15600 0 0 2506062 2506062 25895003 3085297 22809706 7438007 6009901 1428106 26743874 OFFSHORE FUNDS 1491207 F LIMITED PARTNERSHIPS 4622788 F 6113995 DEPOSITS 23236 ACCRUED PENSION COST 4436425 4459661 X 22216257 2048388 480200 -6618 2521970 19694287 33699 -3844083 -3810384 15883903 9283390 480200 480200 8803190 33699 33699 8836889 Part V, Line 4: The endowment consists of three types of funds: (1) unrestricted funds are for unrestricted use at HMRI's discretion, currently spending from such funds support operations. (2) permanent endowment funds were donated with instructions for the corpus to remain intact and income earned from appreciation is available for certain operational uses. (3) The income from the permanent endowment funds are represented as temporarily restricted until appropraited for expenditure by the organization. Part X, Line 2: HMRI is exempt from federal income taxes under Internal Revenue Code Section 501(c)(3). Nonprofit organizations are generally not liable for taxes on income; therefore, no provision is made for such taxes in the financial statements. HMRI considers many factors when evaluating and estimating its tax positions and tax benefits, which may require periodic adjustments and which may not accurately anticipate actual outcomes. HMRI evaluates its uncertain tax positions in accordance standards set forth under U.S. GAAP. These standards require management to perform an evaluation of all income tax positions taken, or expected to be taken, in the course of preparing HMRI's tax returns. Management believes the tax positions taken more likely than not would not be sustained under examination by the applicable tax authorities. Examples of tax positions taken include the tax-exempt status of HMRI and various positions related to the potential sources of unrelated business taxable income. Since matters are subject to some degree of uncertainty, there can be no assurance that HMRI's tax returns will not be challenged by the tax authorities and that HMRI will not be subject to additional tax, penalties, and interest as a result of such challenge. Part XI, Line 2d - Other Adjustments: CHARITABLE REMAINDER UNITRUST LOSS -6,618. Part XI, Line 4b - Other Adjustments: NET INVESTMENT RETURN NOT DESIGNATED FOR CURRENT OPERATIONS -3,844,083. X X X X X X X 1 COMMUNITY COUNSELING SERVICE CO LLC 300 Spectrum Center Drive Ste 1430 Irvine CA 92618 CONSULT ON CAP CAMPAIGN, IDENTIFY AND PRESENT TO DONORS, DEV 0 0 48750 -48750 48750 -48750 Lynn Smith Founders Classic 69565 47800 21765 1130 35811 11656 69565 47800 21765 1130 35811 11656 48597 -26832 1 X X X X 0 0 0 0 0 0 0 0 0 MARIE CSETE CO HMRI CHIEF SCIENTIST/PRESIDENT 296547 0 0 0 0 0 23724 0 7000 0 327271 0 0 0 Robert Kloner Interim CSO/Dir. of Cardiovascular 180000 0 0 0 0 0 7200 0 0 0 187200 0 0 0 Kevin King Director of Imaging Research 140000 0 0 0 0 0 11200 0 1000 0 152200 0 0 0 Dir MICHAEL HARRINGTON md CO HMRI MOLECULAR NEUROLOGY 139500 0 0 0 0 0 11160 0 0 0 150660 0 0 0 JONES COFFEE ROASTERS BUSINESS ENTITY OWNED BY BOARD MEMBER 106360 JONES COFFEE ROASTERS LEASES APPROXIMATELY 4,500 SQUARE FEET FROM HMRI AS RETAIL SPACE. 0 X 20 3688709 HIGH LOW MARKET VALUE 0 1 0 Form 990, Part VI, Section B, line 11b A draft copy of the Form 990 is distributed to the governing body for review. An in-depth review of the Form 990 is done by the VP of Finance and President in draft form. Any questions are addressed prior to being finalized. Form 990, Part VI, Section B, line 12c A related party questionnaire is sent out to all board members as part of the annual audit to disclose any circumstances that could give rise to conflicts of interest. Form 990, Part VI, Section B, line 15 Based on comparisons of salaries at similar organizations and cost of living since last increase. Documented by Board Committee. Form 990, Part VI, Section C, line 19 Available upon request. Form 990, Part XI, line 9: EFFECT OF ADOPTION OF RECOGNITION AND MEASUREMENT DATE PROVISIONS FASB 158 535,393. CHANGE IN VALUE OF CHARITABLE REMAINDER UNITRUST -6,618. FORM 990 PART XII LINE 2C The organization has an audit committee that assumes the responsibility for the oversight of the audit of its financial statements and selection of an independent auditor.