Masonic Medical Research Laboratory

Nonprofit profile at a glance

EIN
135648611
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Utica, NY, USA
Phone
3157352217
Rating
80
Verdict
STRONG
Rating confidence
Standard
Sector
Biomedicine, Bioengineering Research

Official website

Reported finances

Revenue
$10,134,010
Expenses
$11,033,378
Assets
$41,674,836
Liabilities
$6,244,277

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

Leadership & pay

20 people listed

Executive titles in this filing

  • ROBERT A HEWSON DPM (PRESIDENT)
  • PASQUALE IMBIMBO JR (VICE PRESIDENT)
  • ALVARO F QUIROGA (PAST PRESIDENT)
  • MARIA KONTARIDIS PHD (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MARIA KONTARIDIS PHD (EXECUTIVE DIRECTOR): $659,772 total reported compensation
  • JASON MCCARTHY (RESEARCH SCIENTIST): $226,022 total reported compensation
  • STEPHEN IZZO (MAJOR GIFTS OFFICER): $191,987 total reported compensation

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

Overview

Mission

Masonic medical research laboratory, doing business as masonic medical research institute, is a not-for-profit institute dedicated to improving the health and quality of life for all. The institute's primary mission is to conduct high quality basic and clinical research aimed at generating knowledge and information necessary for development of the medical cures and treatments of tomorrow. The institute is also committed to providing education and training to basic scientists, clinical researchers and students who will perpetuate and extend the fight against disease.

What it reported doing in 2024

The masonic medical research laboratory, doing business as masonic medical research institute (mmri), is a world renowned medical research center known for its scientific achievements, especially in the field of experimental cardiology. Current research efforts encompass ischemic heart disease, cardiac arrhythmias, cardiovascular disease and sudden cardiac death. Mmri is a leading center for genetic screening of cardiac disease as well as in the development of innovative and effective pharmacologic treatment for atrial fibrillation. The stem cell center is focused on regenerating medicine and the development of human models of disease. Our scientific findings are published in the finest medical journals in the world.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 80
  • Accountability: 100
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87%; rating input score 87
  • Program expense ratio: 67.1%; rating input score 67
  • Fundraising efficiency: $6 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • 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: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -8.9%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 3.78; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0.15; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 12.9%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 9.1% per year; rating input score 100; 67th percentile among comparable filings
  • Revenue growth: 6.4% per year; rating input score 100; 55th percentile among comparable filings
  • Asset growth: 2.6% per year; rating input score 100; 20th percentile among comparable filings

Details

  • Where the money goes: 87% of revenue deployed · 67.1% of spending went to programs
  • Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $7.4M in reported program spending
  • Leadership: top reported pay $660K · 20 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Financial Efficiency: Fundraising efficiency scored 24/100.
  • High — Sustainability: Operating margin scored 11/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.