Civic Intelligence

Baromedical Research Institute Ltd

EIN 72-0940152 • 501(c)3 • New Orleans, LA

Profile

To advance hyperbaric oxygen medical research to create new treatments that will bring otherwise hopeless patients back to life and help them recover from catastrophic injuries.

17 Carriage LnNew Orleans, LA 70114-6724

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

5th percentile

-417%

Higher net margin than 5% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

17th percentile

-62%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

7th percentile

-90%

Faster revenue growth than 7% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$206,512

Down $331,753 (-62%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$206,512

Down $331,753 (-62%) from 2023

Revenue

Down

$79,611

Down $689,165 (-90%) from 2023

Expenses

Down

$411,364

Down $223,788 (-35%) from 2023

Net Income

Down

-$331,753

Down $465,377 (-348%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2011: $428,713Liabilities 2011: $32,246Net Assets 2011: $396,4672011Assets 2012: $289,458Liabilities 2012: $32,932Net Assets 2012: $256,5262012Assets 2013: $328,984Liabilities 2013: $32,000Net Assets 2013: $296,9842013Assets 2014: $171,940Liabilities 2014: $65Net Assets 2014: $171,8752014Assets 2015: $602,899Liabilities 2015: $0Net Assets 2015: $602,8992015Assets 2016: $473,234Liabilities 2016: $0Net Assets 2016: $473,2342016Assets 2017: $470,476Liabilities 2017: $0Net Assets 2017: $470,4762017Assets 2018: $642,589Liabilities 2018: $0Net Assets 2018: $642,5892018Assets 2019: $598,211Liabilities 2019: $0Net Assets 2019: $598,2112019Assets 2020: $994,219Liabilities 2020: $0Net Assets 2020: $994,2192020Assets 2021: $785,207Liabilities 2021: $0Net Assets 2021: $785,2072021Assets 2022: $404,641Liabilities 2022: $0Net Assets 2022: $404,6412022Assets 2023: $538,265Liabilities 2023: $0Net Assets 2023: $538,2652023Assets 2024: $206,512Liabilities 2024: $0Net Assets 2024: $206,5122024

Highlighted filing

2024

Assets$206,512
Liabilities$0
Net Assets$206,512

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $935,940Expenses 2011: $746,111Net Income 2011: $189,8292011Revenue 2012: $274,893Expenses 2012: $514,668Net Income 2012: -$239,7752012Revenue 2013: $524,294Expenses 2013: $483,836Net Income 2013: $40,4582013Revenue 2014: $348,244Expenses 2014: $499,636Net Income 2014: -$151,3922014Revenue 2015: $982,355Expenses 2015: $551,331Net Income 2015: $431,0242015Revenue 2016: $669,433Expenses 2016: $799,098Net Income 2016: -$129,6652016Revenue 2017: $814,113Expenses 2017: $816,871Net Income 2017: -$2,7582017Revenue 2018: $880,749Expenses 2018: $708,627Net Income 2018: $172,1222018Revenue 2019: $721,935Expenses 2019: $766,313Net Income 2019: -$44,3782019Revenue 2020: $1,016,757Expenses 2020: $614,033Net Income 2020: $402,7242020Revenue 2021: $215,027Expenses 2021: $430,755Net Income 2021: -$215,7282021Revenue 2022: $180,263Expenses 2022: $560,827Net Income 2022: -$380,5642022Revenue 2023: $768,776Expenses 2023: $635,152Net Income 2023: $133,6242023Revenue 2024: $79,611Expenses 2024: $411,364Net Income 2024: -$331,7532024

Highlighted filing

2024

Revenue$79,611
Expenses$411,364
Net Income-$331,753

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$0.08$0.41$0.33
2023Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.77$0.64$0.13
2022Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$0.18$0.56$0.38
2021Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$0.22$0.43$0.22
2020Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$1.02$0.61$0.40
2019Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.60$0.72$0.77$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.88$0.71$0.17
2017Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$0.81$0.82$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$0.67$0.80$0.13
2015Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.60$0.98$0.55$0.43
2014Summary only. Only limited summary data is available for this year.$0.17$0.00$0.17$0.35$0.50$0.15
2013Summary only. Only limited summary data is available for this year.$0.33$0.03$0.30$0.52$0.48$0.04
2012Summary only. Only limited summary data is available for this year.$0.29$0.03$0.26$0.27$0.51$0.24
2011Summary only. Only limited summary data is available for this year.$0.43$0.03$0.40$0.94$0.75$0.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jul 3, 2024
Return Version
2023v5.1
Gross Receipts
$79,611
Mission and Program Overview

Mission

To advance hyperbaric oxygen medical research to create new treatments that will bring otherwise hopeless patients back to life and help them recover from catastrophic injuries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$538,265$206,512▼ $331,753
Cash and Non-Interest-Bearing Accounts$510,746$166,101▼ $344,645
Land, Buildings, and Equipment, Net$12,964$25,856▲ $12,892
Total Assets$538,265$206,512▼ $331,753
Other Assets Total$14,555$14,555→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$538,265$206,512▼ $331,753
Total Liabilities and Net Assets / Fund Balance$538,265$206,512▼ $331,753

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$25,856$208,231$234,087
Buildings$0$199,193$199,193
Land$0--
Other Assets Org$14,555--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Keith Van MeterPresident
Sylvia CusimanoVice President
Dr Paul G HarchDirector
Danielle MurraySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$60,590
Program Service Revenue
$14,926
Investment Income
$4,095
Other Revenue
$0
All Other Contributions
$60,590
Change in Net Assets
$-331,753
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$310,735
Grants and Similar Amounts Paid$100,629
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$179,003$26,360$0$205,363
Grants to Domestic Orgs$99,629--$99,629
Depreciation Depletion$0$30,149$0$30,149
Office Expenses$0$10,533$0$10,533
Fees for Services Accounting$0$9,733$0$9,733
Fees for Services Legal$0$2,272$0$2,272
Other Expenses$0$1,304$0$1,304
Grants to Domestic Individuals$1,000--$1,000
Total Functional Expenses$328,389$82,975$0$411,364
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
LsuhscNew Orleans, LA-Research$99,629
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Baromedical Research Institute Ltd
EIN
72-0940152
Phone
5043661513
Address
17 Carriage Ln, New Orleans, LA 70114-6724

Signing Officer

Name
Keith Van Meter
Title
President
Phone
5043661513
Signed
2024-07-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith Van Meter
Formed
1984
Legal Domicile
La
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Michael J Miccio CPA Apac
Address
6660 RIVERSIDE DRIVE STE 206, METAIRIE, LA 70003
Preparer
Michael J Miccio CPA
Phone
5044558969
Supplemental Narrative

Additional Explanations

Pt VI, Line 18

Available upon request.

Pt VI, Line 19

No other documents available to the public.

Pt VI, Line 8B

No documentation taken.

Pt VI, Line 8A

No documentation taken.

Pt VI, Line 18

Able to view Form 990 thru IRS Tax Exempt Organization Search

Pt VI, Line 11B

Copy provided up request.

Form 990, Part IX, Line 24E

Reimbursement 20000. 0. 20000. 0.

Form 990, Part IX, Line 24E

Repairs 2091. 0. 2091. 0.

Form 990, Part IX, Line 24E

Repairs - Equipment 2498. 2498. 0. 0.

Form 990, Part IX, Line 24E

Supplies 2389. 2389. 0. 0.

Form 990, Part IX, Line 24E

Veterinary Fees 3000. 3000. 0. 0.

Form 990, Part IX, Line 24E

Bank Charges 255. 0. 255. 0.

Form 990, Part IX, Line 24E

Utilities 4014. 0. 4014. 0.

Form 990, Part IX, Line 24E

Medical Equipment 13400. 13400. 0. 0.

Form 990, Part IX, Line 24E

Professional Fees 5647. 5647. 0. 0.

Form 990, Part IX, Line 24E

Tulane Student Expenses 900. 900. 0. 0.

Form 990, Part IX, Line 24E

Lallie Kemp Expenses 135810. 135810. 0. 0.

Form 990, Part IX, Line 24E

Casual Labor 1295. 1295. 0. 0.

Form 990, Part IX, Line 24E

Graduation Expenses 3000. 3000. 0. 0.

Form 990, Part IX, Line 24E

Fellowship Grant Expenses 11064. 11064. 0. 0.

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IRS990ScheduleI/RecipientTable/RecipientEIN0726087770
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01901 Perdido St P3-1
IRS990ScheduleI/RecipientTable/USAddress/CityNm0New Orleans
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0LA
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No other documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documentation taken.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documentation taken.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Able to view Form 990 thru IRS Tax Exempt Organization Search
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Copy provided up request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Reimbursement 20000. 0. 20000. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Repairs 2091. 0. 2091. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Repairs - Equipment 2498. 2498. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Supplies 2389. 2389. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Veterinary Fees 3000. 3000. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Bank Charges 255. 0. 255. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Utilities 4014. 0. 4014. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Medical Equipment 13400. 13400. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Professional Fees 5647. 5647. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Tulane Student Expenses 900. 900. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Lallie Kemp Expenses 135810. 135810. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Casual Labor 1295. 1295. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Graduation Expenses 3000. 3000. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Fellowship Grant Expenses 11064. 11064. 0. 0.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Form 990, Part IX, Line 24e
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0411364
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IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0538265
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0206512
IRS990/TotalProgramServiceExpensesAmt0328389
IRS990/TotalProgramServiceRevenueAmt014926
IRS990/TotalRevenueGrp/ExclusionAmt04095
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt014926
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt079611
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IRS990/WebsiteAddressTxt0N/A
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ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Keith Van Meter
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05043661513
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Baromedical Research Institute Ltd
ReturnHeader/Filer/BusinessNameControlTxt0BARO
ReturnHeader/Filer/EIN0720940152
ReturnHeader/Filer/PhoneNum05043661513
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721261211
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MICHAEL J MICCIO CPA APAC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06660 RIVERSIDE DRIVE STE 206
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0METAIRIE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd070003
ReturnHeader/PreparerPersonGrp/PhoneNum05044558969
ReturnHeader/PreparerPersonGrp/PreparationDt02024-09-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael J Miccio CPA
ReturnHeader/ReturnTs02024-09-04T06:31:40-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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