Los Angeles Biomedical Research Institute At Harbor-Ucla Med Cntr, La Biomed in Torrance, California (CA)

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Los Angeles Biomedical Research Institute At Harbor-Ucla Med Cntr, La Biomed
Employer Identification Number (EIN)952138184
Name of OrganizationLos Angeles Biomedical Research Institute At Harbor-Ucla Med Cntr
Secondary NameLa Biomed
Address1124 W Carson St, Torrance, CA 90502-2006
ActivitiesScientific research (diseases), Contact or sponsored scientific research for industry, Other school related activities
SubsectionCharitable Organization
Ruling Date01/1954
DeductibilityContributions are deductible
FoundationHospital or medical research organization
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2011
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$72,347,411
Amount of Income$96,894,075
Form 990 Revenue Amount$76,100,188
National Taxonomy of Exempt Entities (NTEE)Medical Research: Medical Specialty Research


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Amount of income in 2011: $96,894,075
Los Angeles Biomedical Research Institute At Harbor-Ucla Med Cntr, La Biomed: 

 $96,894,075
Other organizations performing similar types of work: 

 $3,654,896

Assets in 2011: $72,347,411
This organization: 

 $72,347,411
Other organizations performing similar types of work: 

 $9,010,080

Expenses in 2007: $72,266,135
This organization: 

 $72,266,135
Other organizations performing similar types of work: 

 $9,227,527

Income to expenses ratio in 2007: 1.0
Los Angeles Biomedical Research Institute At Harbor-Ucla Med Cntr, La Biomed: 

 1.0
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 81.1%
This organization: 

 81.1%
Other organizations performing similar types of work: 

 84.1%

Number of employees in 2007: 848
This organization: 

 848
Other organizations performing similar types of work: 

 100

Employees paid over $50,000 in 2007: 27.7%
Los Angeles Biomedical Research Institute At Harbor-Ucla Med Cntr, La Biomed: 

 27.7%
Other organizations performing similar types of work: 

 27.7%

Grants share in income in 2007: 3.1%
This organization: 

 3.1%
Other organizations performing similar types of work: 

 58.9%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$59,368,843$61,998,465$64,898,380$85,364,531$73,655,768$76,715,648$76,840,606$73,462,060
Contributions, gifts, grants, and similar amounts received$0$0$0$0$2,945,421$2,539,167$4,429,064$2,284,560
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$2,945,421$2,539,167$4,429,064$2,284,560
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$58,208,618$62,287,970$64,576,577$64,262,943$66,091,187$67,666,831$62,663,559$63,081,137
Membership dues and assessments$8,825$13,225$13,976$27,223$25,600$27,982$39,372$20,075
Interest on savings and temporary cash investments$663,989$225,286$345,238$235,846$305,334$110,745$98,969$517,679
Dividends and interest from securities$32,565$0$0$0$0$0$0$0
Net rental income or (loss)$96,821$93,711$124,426$115,762$105,209$100,104$112,764$108,733
Gross rents$96,821$93,711$124,426$115,762$105,209$100,104$112,764$108,733
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$1,437,909$2,740,854$4,479,001$0
Gain or (loss) from sales of assets other than inventory$-97,027$-858,457$-404,630$1,518,611$0$0$0$0
Gross amount from sales of assets other than inventory$2,788,048$2,189,453$1,583,794$39,921,180$0$0$0$0
Less: cost or other basis and sales expenses$2,885,075$3,047,910$1,988,424$38,402,569$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$47,100
Gross revenue$0$0$0$0$0$0$0$92,860
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$45,760
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$455,052$236,730$242,793$19,204,146$2,745,108$3,529,965$5,017,877$7,402,776
Total expenses$58,764,119$62,478,522$67,456,089$68,620,451$71,868,666$74,455,930$72,877,747$72,266,135
Program services$48,737,256$52,027,268$55,763,441$56,166,779$59,339,968$60,901,605$57,725,423$58,579,542
Management and general$10,026,863$10,069,122$11,165,164$12,038,200$12,172,499$13,032,159$14,262,239$12,430,593
Fundraising$0$382,132$527,484$415,472$356,199$522,166$890,085$1,256,000
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$28,439,984$27,509,079$25,657,959$38,298,324$40,085,426$42,251,341$45,993,765$47,026,928
Excess or (deficit) for the year$604,724$-480,057$-2,557,709$16,744,080$1,787,102$2,259,718$3,962,859$1,195,925
Net assets or fund balances at beginning of year$30,664,341$28,439,984$27,509,079$25,657,959$38,298,324$40,085,426$42,251,341$45,993,765
Other changes in net assets or fund balances$-2,829,081$-450,848$706,589$-4,103,715$0$-93,803$-220,435$-162,762
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$72,266,135$58,579,542$12,430,593$1,256,000
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$1,003,671$195,489$599,867$208,315
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$33,914,110$27,854,422$5,614,034$445,654
Pension plan contributions not included above$3,202,550$2,492,458$640,510$69,582
Employee benefits not included above$4,172,747$2,512,558$1,560,960$99,229
Payroll taxes$2,329,128$1,724,151$558,990$45,987
Professional fundraising fees$134,517$0$0$134,517
Accounting fees$117,150$8,200$108,950$0
Legal fees$579,287$16,610$562,677$0
Supplies$6,611,407$5,914,328$609,661$87,418
Telephone$437,555$201,140$231,712$4,703
Postage and shipping$180,480$143,627$17,680$19,173
Occupancy$3,034,239$2,714,726$319,513$0
Equipment rental and maintenance$1,568,794$588,871$973,207$6,716
Printing and publications$126,565$9,349$27,331$89,885
Travel$1,345,278$1,259,580$80,561$5,137
Conferences, conventions, and meetings$146,645$113,535$7,323$25,787
Interest$481,996$481,996$0$0
Depreciation, depletion, etc.$1,875,001$1,875,001$0$0
Other expenses not covered above$11,005,015$10,473,501$517,617$13,897
Balance Sheets
20002001200220032004200520062007
Total assets$81,611,275$82,065,335$45,077,160$57,827,241$59,973,700$67,495,477$72,857,798$75,279,690
Cash - non-interest-bearing$479,277$495,310$0$0$0$0$0$13,387,284
Savings and temporary cash investments$14,582,557$12,835,684$7,181,207$5,198,920$7,316,651$7,161,504$5,273,957$0
Accounts receivable less allowance for doubtful accounts$250,000$0$0$10,554,367$0$0$14,606,577$12,131,421
Pledges receivable less allowance for doubtful accounts$213,926$1,496,197$1,276,965$878,159$1,752,317$887,240$1,751,985$1,260,978
Grants receivable$46,692,319$44,748,932$9,414,571$7,512,863$9,496,246$13,459,372$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$59,757$968,696$115,380$141,945$150,194$167,310$167,310$167,310
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$23,950$8,446$8,446$64,791$14,716$8,446$399,441$11,110
Investments - publicly-traded securities$0$0
Investments - other securities$9,049,243$8,710,137$13,417,693$20,924,414$29,830,869$35,927,892$41,556,984$35,534,482
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$10,260,246$12,801,933$13,662,898$12,551,782$11,412,707$9,883,629$9,101,460$12,787,021
Other assets, including program-related investments$0$0$0$0$0$84$84$84
Total liabilities$53,171,291$54,556,257$19,419,201$19,528,917$19,888,274$25,244,136$26,864,033$28,252,762
Accounts payable and accrued expenses$5,305,069$7,237,474$7,078,773$6,966,284$13,604,260$19,472,870$21,794,123$16,230,537
Grants payable$39,258,288$37,564,094$0$0$0$0$0$0
Deferred revenue$3,839,018$4,638,091$5,350,476$5,654,195$5,506,064$5,058,346$4,553,504$5,348,796
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$6,198,016
Mortgages and other notes payable$0$0$1,584,281$1,032,526$777,950$712,920$516,406$0
Other liabilities$4,768,916$5,116,598$5,405,671$5,875,912$0$0$0$475,413
Total liabilities and net assets/fund balances$81,611,275$82,065,335$45,077,160$57,827,241$59,973,700$67,495,477$72,857,798$75,279,690
Total net assets or fund balances$28,439,984$27,509,078$25,657,959$38,298,324$40,085,426$42,251,341$45,993,765$47,026,928
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$59,368,843$61,998,466$64,898,380$0$0$76,715,648$76,840,606$73,462,060
Total revenue, gains, and other support per audited financial statements$56,539,762$61,547,618$65,604,969$0$0$76,715,648$76,840,606$73,462,060
Other expenses$-2,829,081$-450,848$706,589$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$-2,829,081$-450,848$706,589$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$58,764,119$0$0$0$0$74,455,930$73,191,987$72,266,135
Total expenses and losses per audited financial statements$58,764,119$0$0$0$0$74,455,930$72,877,747$70,946,282
Other revenue$0$0$0$0$0$0$0$-1,319,853
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$-1,319,853
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$314,240$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$265,826$24,750$0
40$199,867$21,989$0
40$195,489$19,985$0
40$208,315$22,754$0
40$134,175$21,989$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings35
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$77,233$0$0
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006848
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$71,177,500
Program service revenue
Program service revenue 1000000$000$0$61,336,083
Program service revenue 2000000$000$0$1,745,054
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$20,075
Interest on savings and temporary cash investments000000$000$0$517,679
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$108,733
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$47,100
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$7,402,776
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$265,184$43,750$0
$195,534$34,219$0
$194,932$34,113$0
$190,547$33,346$0
$189,838$33,222$0
Total number of other employees paid over $50,000225
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isMedical research organization
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Palo Alto Medical Foundation For Health Care Research & Education2350 W El Camino Real, Mountain View, CA 94040-6201CA1950-06$1,282,139,515
2J David Gladstone Institutes1650 Owens St, San Francisco, CA 94158-2261CA1973-06$97,756,915
3Los Angeles Biomedical Research Institute At Harbor-Ucla Med Cntr, La Biomed1124 W Carson St, Torrance, CA 90502-2006CA1954-01$96,894,075
4The Feinstein Institute For Medical Research972 Brush Hollow Road 5th Floor, Westbury, NY 11590-1740NY1985-01$96,535,705
5William K Warren Medical Research Center IncPO BOX 470372, Tulsa, OK 74147-0372OK1973-04$64,613,717
6Baylor Research Institute2001 Bryan St Ste 2200, Dallas, TX 75201-3024TX1984-02$51,989,530
7Regenstrief Foundation Inc9292 N Meridian St Ste 202, Indianapolis, IN 46260-1828IN1967-05$45,469,664
8Veterans Medical Research Foundation Of Sd3350 La Jolla Village Dr 151a, San Diego, CA 92161-0002CA1987-10$24,824,499
9International Anesthesia Research Society100 Pine St Ste 230, San Francisco, CA 94111-5104CA1953-12$23,848,005
10Huntington Medical Research Institutes99 N El Molino Ave, Pasadena, CA 91101-1830CA1954-03$18,582,173
11Monell Chemical Senses3500 Market Street, Philadelphia, PA 19104-3308PA1977-04$17,519,172
12Trudeau Institute Inc154 Algonquin Ave, Saranac Lake, NY 12983-2100NY1931-12$15,494,466
13Flint Health Systems Imaging Ctr750 S Ballenger Hwy, Flint, MI 48532-3882MI1999-02$13,513,010
14Immune Disease Institute Inc3 Blackfan Circle 3rd Fl, Boston, MA 02115-5713MA1954-08$10,485,275
15Oral And Maxillofacial Surgery Foundation9700 Bryn Mawr Ave, Rosemont, IL 60018-5701IL1964-01$6,312,624
16Donald Guthrie Foundation For Education And Research Inc1 Guthrie Square, Sayre, PA 18840-1625PA1948-06$3,326,714
17Fanconi Anemia Research Fund Inc1801 Willamette St Ste 200, Eugene, OR 97401-8054OR1994-03$3,051,928
18Bay Pines Foundation IncPO BOX 416, Bay Pines, FL 33744-0416FL1991-01$1,253,741
19Tang Foundation For The Research Of Traditional Chinese Medicine1965 Pratt Blvd, Elk Grove Vlg, IL 60007-5905IL1997-04$494,510
20Hanford Environmental Health Foundation Inc1334 Jadwin Ave, Richland, WA 99354-3404WA1965-12$336,734
21Women And Childrens Health Research Found Of Child Hosp Of Buffalo Inc726 Exchange St Ste 200, Buffalo, NY 14210-1462NY1985-09$324,279
22National Medical Technology Testbed Inc11175 Campus Street Csp No 11006, Loma Linda, CA 92350-1700CA1995-01$6,732
23Hibm Research Group Inc18341 Sherman Way Ste 201a, Reseda, CA 91335-9006CA2003-06$233,834
24Institute For Sexual Medicine Inc6719 Alvarado Rd Ste 108, San Diego, CA 92120-5254CA2006-04$130,827
25Parents Guide To Cord Bloodfoundation Inc, Parents Guide To Cord Blood23110 Georgia Ave, Brookeville, MD 20833-1403MD2008-01$113,313
26Lifesource3838 S 700 E Ste 202, Salt Lake Cty, UT 84106-6102UT2007-09$40,163
27Feldenkrais Research Foundation Inc134 W 26th St Fl 2, New York, NY 10001-6803NY2007-12$12,310
28Nevada Perinatal Foundation2011 Pinto Ln Ste 200, Las Vegas, NV 89106-4018NV2005-05$2,800
29Jones Trauma Research Fund1240 Breton Rd Se, E Grand Rapids, MI 49506-4036MI2006-06$773
30Houston Radiology Foundation6565 Fannin Ste M204x, Houston, TX 77030TX2006-06$0
Number of organizations performing similar types of work
Arizona1
California12
Connecticut1
Florida1
Illinois2
Indiana1
Louisiana1
Massachusetts1
Maryland2
Michigan2
North Carolina1
Nevada1
New York5
Oklahoma1
Oregon1
Pennsylvania2
Texas2
Utah2
Washington1
West Virginia1
Total41

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