2016-06-30T19:34:39-05:00 2015-09-30 951720829 MARTIN WERBELOW LLP 300 N LAKE AVE SUITE 930 PASADENA CA 911014106 990 2014-10-01 951757119 HUNTINGTON MEDICAL RESEARCH INSTITUTE HUNT 6267954343 99 NORTH EL MOLINO AVENUE PASADENA CA 91101 JOHN MOTHERSHEAD CHAIRMAN 6267954343 2016-06-28 1 ERICH RAIL P00174228 6265771440 2014 2016-09-27 15:27:22Z MARIE CSETE PHD 99 NORTH EL MOLINO AVENUE PASADENA CA 91101 18307962 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. 24 24 84 15 0 0 7087746 7383143 833328 993005 3131816 2254441 353809 803483 11406699 11434072 0 0 0 0 4978737 5604199 0 162500 1088923 3478147 4350644 8456884 10117343 2949815 1316729 61944967 59392252 4902886 6369935 57042081 53022317 IMPROVING HEALTH THROUGH MULTIDISCIPLINARY, PATIENT-FOCUSED RESEARCH. 0 0 7213340 993005 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 2015 HMRI RESEARCHERS PUBLISHED 25 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 ENROLMENT OF ELDERLY VOLUNTEERS IN OUR NOW INSTITUTE-WIDE STUDY OF BRAIN AGING; FREE BRAIN AND HEART IMAGING STUDIES OF PASADENA UNIFIED SCHOOL DISTRICT ATHLETES. 7213340 1 1 0 0 0 0 0 0 0 1 1 1 0 1 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 50 0 1 84 1 0 0 0 0 0 0 0 0 0 0 X 24 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 CA X X FRANK DAVIS 6267954343 99 NORTH EL MOLINO AVENUE PASADENA CA 91101 WILLIAM OPEL PHD CO HMRI PRESIDENT 40.00 X X 431088 0 36248 ROGER ENGEMANN CO HMRI PAST PRESIDENT 4.00 X 0 0 0 MICHAEL C DOYLE CO HMRI CHAIRMAN 8.00 X X 0 0 0 JOHN MOTHERSHEAD CO HMRI TREASURER/VICE CHAIR 4.00 X X 0 0 0 HAROLD J MEYERMAN CO HMRI BOARD MEMBER 2.00 X 0 0 0 ROBERT D MAY CO HMRI BOARD MEMBER 2.00 X 0 0 0 JOHN D BALDESCHWIELER PHDCO HMRI TREASURER 4.00 X X 0 0 0 PHILIP V SWAN CO HMRI BOARD MEMBER 2.00 X 0 0 0 JAMES J FEMINO MD CO HMRI BOARD MEMBER 2.00 X 0 0 0 LAWRENCE W JONES MD CO HMRI BOARD MEMBER 2.00 X 0 0 0 LEONARD E TORRES CO HMRI SECRETARY 4.00 X X 0 0 0 LYNN H MYERS CO HMRI BOARD MEMBER 2.00 X 0 0 0 DANIEL M BRIGHAM JR CO HMRI BOARD MEMBER 2.00 X 0 0 0 JOHN H RICHARDS PHD CO HMRI BOARD MEMBER 2.00 X 0 0 0 ANN SLAVIK HALL CO HMRI BOARD MEMBER 2.00 X 0 0 0 JOHN W RUSSELL CO HMRI BOARD MEMBER 2.00 X 0 0 0 HERBERT HEZLEP CO HMRI BOARD MEMBER 2.00 X 0 0 0 NELSON D JONES CO HMRI BOARD MEMBER 2.00 X 0 0 0 ROBERT E TRANQUADA MD CO HMRI BOARD MEMBER 3.00 X 0 0 0 JAMES RHODES CO HMRI BOARD MEMBER 2.00 X 0 0 0 GEORGE D LEAL CO HMRI VICE-CHAIRMAN/CHAIRMAN 4.00 X X 0 0 0 LARY J MIELKE CO HMRI BOARD MEMBER 2.00 X 0 0 0 HELEN BAATZ CO HMRI BOARD MEMBER 2.00 X 0 0 0 JAMES D GAMB CO HMRI BOARD MEMBER 2.00 X 0 0 0 SUSAN E KANE CO HMRI BOARD MEMBER 2.00 X 0 0 0 ALLEN W MATHIES CO HMRI BOARD MEMBER 2.00 X 0 0 0 PETER M MENARD 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 CHEIF SCIENTIST/PRESIDENT 40.00 X 288776 0 9302 FAYE EGGERDING MD PHD CO HMRI DIR CANCER GENETICS 40.00 X 136176 0 16706 DOUGLASS MCCREERY PHD CO HMRI DIR NEURAL ENGINEERING 40.00 X 128708 0 10805 MICHAEL HARRINGTON MD CO HMRI DIR MOLECULAR NEUROLOGY 40.00 X 124500 0 43911 FRANK DAVIS BUSINESS MANAGER 40.00 X 112230 0 54956 DANIEL MALJANIAN DIR DEVELOPMENT 40.00 X 135210 0 10180 1356688 0 182108 7 0 1 0 CAMBRIDGE ASSOCIATES 125 HIGH STREET BOSTON MA 021102112 INVESTMENT CONSULTANT 200000 DAVIS WRIGHT TREMAINE LLP 1201 THIRD AVE STE 2200 SEATTLE WA 981013045 LEGAL SERVICES 172625 PERKINSWILL INC 617 WEST 7TH STREET STE 1200 LOS ANGELES CA 90017 ARCHITECT & DESIGN 159370 3 1974825 5408318 61714 7383143 MEDICAL RESEARCH 541700 993005 993005 993005 442884 442884 6302 6302 300950 0 300950 300950 300950 8685447 6873890 1811557 1811557 1811557 PARTNERSHIP INCOME 900099 496231 496231 496231 11434072 993005 0 3057924 765414 236513 473026 55875 3208263 2677069 229428 301766 885739 649442 156578 79719 449552 329621 79470 40461 295231 216469 52190 26572 130221 130221 44704 44704 162500 162500 293186 293186 698799 420130 39050 239619 20866 20866 291045 87410 182984 20651 441836 389204 43860 8772 56951 29848 14601 12502 671037 634407 33993 2637 157152 143927 11021 2204 RESEARCH AND OTHER SUPP 592820 525369 67451 REPAIRS, MAINTENANCE, A 410959 389475 17903 3581 OTHER DIRECT GRANT EXPE 210745 169571 41174 IMPAIRMENT LOSS ON PATE 186669 186669 143654 128216 12865 2573 10117343 7213340 1815080 1088923 950 9435215 10086172 2682128 1654819 98256 142125 117336 69808 15795753 8588615 5543515 7207138 23184981 20787721 17084028 15768725 3799508 3674794 61944967 59392252 669541 715828 455394 506817 3777951 5147290 4902886 6369935 X 35930496 32983378 17624793 14552147 3486792 5486792 57042081 53022317 61944967 59392252 X 1316729 -3955320 -1381173 X X 0 1 X 1 1 1 X 8690599 5315050 5051131 7169872 7383143 33609795 8690599 5315050 5051131 7169872 7383143 33609795 7399079 26210716 842200 936091 890796 914890 1246367 4830344 577572 643979 657044 833328 993005 3704928 42145067 0.62190 0.64630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41793555 2000000 -1472571 2710362 39610622 40904694 3409850 2520989 41793555 39013019 4565133 2673458 40904694 35494659 5293262 1774902 39013019 37977177 -416734 2065781 35494659 0.74490 0.13850 0.11660 0 0 1612298 1612298 6989033 3663876 3325157 7194422 4924739 2269683 7207138 OFFSHORE FUNDS 8111818 F POOLED FUNDS 1723528 F LIMITED PARTNERSHIPS 5933379 F 15768725 PATENTS 162436 PATENT DEPOSITS 221863 ASSETS HELD FOR FACILITIES EXPANSION 3162563 CHARITABLE REMAINDER UNITRUST 119304 LIFE INSURANCE POLICIES 8628 3674794 DEPOSITS 14650 ACCRUED PENSION COST 5132640 5147290 X 11878161 -3955320 -11834 -3967154 15845315 293186 -4704429 -4411243 11434072 9824159 0 9824159 293186 -2 293184 10117343 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 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 EVALUATE TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, BY HMRI AND TO RECOGNIZE A TAX LIABILITY (OR ASSET) IF HMRI HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY HMRI, AND HAS CONCLUDED THAT AS OF SEPTEMBER 30, 2015, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 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. GENERALLY, HMRI'S TAX RETURNS REMAIN OPEN FOR THREE YEARS FOR FEDERAL TAX EXAMINATION AND FOUR YEARS FOR STATE TAX EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHARITABLE REMAINDER UNITRUST LOSS -11,834. PART XI, LINE 4B - OTHER ADJUSTMENTS: NET INVESTMENT RETURN NOT DESIGNATED FOR CURRENT OPERATIONS -4,704,429. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING -2. X X X X X X 1 COMMUNITY COUNSELING SERVICE CO LLC 100 MONTGOMERY STREET STE 2270 SAN FRANCISCO CA 94104 CONSULT ON CAP CAMPAIGN, IDENTIFY AND PRESENT TO DONORS, DEV 0 968268 162500 805768 968268 162500 805768 X 1 1 X X X 0 0 0 0 0 0 0 0 0 WILLIAM OPEL PHD CO HMRI PRESIDENT 431088 0 0 0 0 0 0 0 36248 0 467336 0 0 0 MARIE CSETE CO HMRI CHEIF SCIENTIST/PRESIDENT 288776 0 0 0 0 0 0 0 9302 0 298078 0 0 0 FAYE EGGERDING MD PHD CO HMRI DIR CANCER GENETICS 136176 0 0 0 0 0 7437 0 9269 0 152882 0 0 0 MICHAEL HARRINGTON MD CO HMRI DIR MOLECULAR NEUROLOGY 124500 0 0 0 0 0 43143 0 768 0 168411 0 0 0 FRANK DAVIS BUSINESS MANAGER 112230 0 0 0 0 0 44272 0 10684 0 167186 0 0 0 PART I, LINE 1A HMRI REIMBURSES DOCUMENTED EXPENSES FOR THE ORGANIZATION'S PRESIDENT AND BUSINESS MANAGER. CLUBS ARE USED FOR INSTITUTIONAL EVENTS AND BY OTHER HMRI STAFF MEMBERS. EXPENSES FOR NON-HMRI PURPOSES ARE NOT REIMBURSED. JONES COFFEE ROASTERS BUSINESS ENTITY OWNED BY BOARD MEMBER 105064 JONES COFFEE ROASTERS LEASES APPROXIMATELY 4,500 SQUARE FEET FROM HMRI AS RETAIL SPACE. 0 X 3 61714 HIGH LOW MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 MITCHELL HOWE AND LYNN MYERS - FAMILY RELATIONSHIP MICHAEL DOYLE AND THOMAS HIGGINS - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 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 BUSINESS MANAGER 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 15B 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 THE FINANCIAL CONFLICT OF INTEREST POLICY (FCOI) IS ON THE WEBSITE, THE OTHERS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: EFFECT OF ADOPTION OF RECOGNITION AND MEASUREMENT DATE PROVISIONS FASB 158 -1,369,339. CHANGE IN VALUE OF CHARITABLE REMAINDER UNITRUST -11,834. 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.