Biomedical Research Institute of New Jersey Inc

Nonprofit profile at a glance

EIN: 460625176
IRS 990 coverage: 2017–2024
Forms available: Form 990 2024, Form 990-EZ 2016, Form 990-N 2015
Location: Cedar Knolls, NJ, USA
Phone: 9739987210
Rating: 79
Verdict: SUPPORTED
Rating confidence: Moderate
Sector: Specifically Named Diseases

Reported finances

Revenue: $267,661
Expenses: $391,427
Assets: $239,974
Liabilities: $2,838

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Highest reported compensation

DR ELIZABETH ECKMAN (KEY EMPLOYEE): $325,452 total reported compensation
CHRIS LEE (HIGHLY COMPENSATED EMPLOYEE): $165,242 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of biomedical research institute of New Jersey, inc. (brinj) is to advance medical knowledge through research, discover novel methods for disease prevention and treatment, and educate the next generation of medical research scientists.

What it reported doing in 2024

Education programs: brinj is committed to the training, education and mentorship of the next generation of research scientists and physicians. To that end, brinj offers a robust student research program for high school and baccalaureate students designed to give students exposure to a carrier in research. In this program, young scientists receive mentorship from phd and md scientists in a real life professional environment, working on cutting-edge research. Research projects are carefully designed by brinj's scientists to provide hands-on, independent work to students, testing scientific hypothesis in research disciplines where brinj's scientists have gained expertise, creating a unique learning experience. Young scientists who participate in these programs go on to pursue higher education degrees in medicine and the biomedical sciences at top ranked universities in the country. This program has been suspended temporarily due to covid.

Operating model

Revenue model: Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model: Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

Financial Efficiency: 88
Transparency & Controls: 70
Accountability: 82
Sustainability: 19
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 97.6%; rating input score 98
Fundraising efficiency: Limited

Transparency & Controls

Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Yes; rating input score 100
Related-party transparency: Limited

Accountability

Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail

Sustainability

Operating margin: -46.2%; rating input score 6; 6th percentile among comparable filings
Total-asset coverage ratio: 0.61; rating input score 29; 29th percentile among comparable filings
Liabilities to assets ratio: 0.01; rating input score 44; 44th percentile among comparable filings
Officer compensation ratio: 20.8%; rating input score 18; 18th percentile among comparable filings

Growth

Program expense growth: 0.4% per year; rating input score 100; 32nd percentile among comparable filings
Revenue growth: 3.4% per year; rating input score 100; 44th percentile among comparable filings
Asset growth: 20.3% per year; rating input score 100; 85th percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 97.6% of spending went to programs
Governance: 4 of 4 board members independent · 5 of 9 filing controls reported
Programs: 2 filed program accomplishments · $382K in reported program spending
Leadership: top reported pay $325K · 6 people listed · 1 of 6 pay-setting controls reported
Highest-paid contractors: 1 contractor listed · $306K reported
Consistency: 20 of 20 current checks pass
Schedules: 5 filed schedules · includes major donors and executive pay
Filing history: 7 filing years from 2017 to 2024
Contacts: How to reach this organization
Money network: 1 filed money-flow record
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Review — Accountability: Governance controls: 3 of 8 not reported.
High — Sustainability: Operating margin scored 6/100.
High — Sustainability: Total-asset coverage ratio scored 29/100.
High — Sustainability: Officer compensation ratio scored 18/100.
Moderate — Sustainability: Liabilities to assets ratio scored 44/100.