Civic Intelligence

Institute for Molecular Medicine

990 • Fiscal year 2014 • EIN 88-0366979

Jul 01, 2013 to Jun 30, 2014 • Filed on May 06, 2015

Organization Profilewww.immed.org

View Organization Page

16371 Gothard Street H92647

(714) 596-7821

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

64th percentile

0.14x

Higher debt load relative to assets than 64% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

56th percentile

0.07x

Higher debt load relative to revenue than 56% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

26th percentile

-5.7%

Higher net margin than 26% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

91st percentile

$121,240

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 16.3% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

36th percentile

-1.5%

Faster asset growth than 36% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

38th percentile

-0.7%

Faster revenue growth than 38% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2014

Balance Sheet
Liabilities / Assets64th percentile

Assets

Down

$343,514

Down $5,402 (-1.5%) from 2013

Net Assets

Down

$293,842

Down $42,390 (-13%) from 2013

Liabilities

Up

$49,672

Up $36,988 (+292%) from 2013

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin26th percentile

Revenue

$742,033

No earlier filing loaded for comparison.

Expenses

Up

$784,423

Up $20,973 (+2.7%) from 2013

Net Income

-$42,390

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $272,277Liabilities 2011: $22,879Net Assets 2011: $249,3982011Assets 2012: $169,681Liabilities 2012: $2,903Net Assets 2012: $166,7782012Assets 2013: $348,916Liabilities 2013: $12,684Net Assets 2013: $336,2322013Assets 2014: $343,514Liabilities 2014: $49,672Net Assets 2014: $293,8422014Assets 2015: $402,133Liabilities 2015: $104,919Net Assets 2015: $297,2142015Assets 2016: $430,969Liabilities 2016: $140,134Net Assets 2016: $290,8352016Assets 2017: $464,402Liabilities 2017: $169,533Net Assets 2017: $294,8692017Assets 2018: $471,864Liabilities 2018: $175,673Net Assets 2018: $296,1912018Assets 2019: $476,211Liabilities 2019: $150,632Net Assets 2019: $325,5792019Assets 2020: $564,387Liabilities 2020: $214,261Net Assets 2020: $350,1262020Assets 2021: $648,185Liabilities 2021: $266,492Net Assets 2021: $381,6932021Assets 2022: $553,003Liabilities 2022: $180,727Net Assets 2022: $372,2762022Assets 2023: $1,062,294Liabilities 2023: $693,072Net Assets 2023: $369,2222023Assets 2024: $1,349,072Liabilities 2024: $979,347Net Assets 2024: $369,7252024

Highlighted filing

2014

Assets$343,514
Liabilities$49,672
Net Assets$293,842
Open 2014 Filing

Operations Trend

Revenue Growth38th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $915,311Expenses 2011: $1,030,668Net Income 2011: -$115,3572011Revenue 2012: $752,934Expenses 2012: $835,554Net Income 2012: -$82,6202012Expenses 2013: $763,4502013Revenue 2014: $742,033Expenses 2014: $784,423Net Income 2014: -$42,3902014Revenue 2015: $1,002,652Expenses 2015: $999,280Net Income 2015: $3,3722015Revenue 2016: $1,835,491Expenses 2016: $1,841,870Net Income 2016: -$6,3792016Revenue 2017: $2,154,895Expenses 2017: $2,150,861Net Income 2017: $4,0342017Revenue 2018: $1,586,384Expenses 2018: $1,585,062Net Income 2018: $1,3222018Revenue 2019: $2,142,079Expenses 2019: $2,112,691Net Income 2019: $29,3882019Revenue 2020: $2,509,661Expenses 2020: $2,485,114Net Income 2020: $24,5472020Revenue 2021: $1,873,974Expenses 2021: $1,842,407Net Income 2021: $31,5672021Revenue 2022: $6,390,292Expenses 2022: $6,399,709Net Income 2022: -$9,4172022Revenue 2023: $5,423,626Expenses 2023: $5,426,680Net Income 2023: -$3,0542023Revenue 2024: $5,742,112Expenses 2024: $5,741,609Net Income 2024: $5032024

Highlighted filing

2014

Revenue$742,033
Expenses$784,423
Net Income-$42,390
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 6, 2015
Return Version
2013v4.0
Gross Receipts
$742,033
Mission and Program Overview

Mission

The mission of the Institute for Molecular Medicine is to contribute to the understanding of and the prevention and cure of catastrophic human chronic diseases, such as autoimmune diseases, fatigue illnesses, rheumatic diseases, cancer, AIDS, and infectious and genetic diseases.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$209,783$238,604▲ $28,821
Land, Buildings, and Equipment, Net$112,833$78,347▼ $34,486
Pledges and Grants Receivable$23,235$13,892▼ $9,343
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$348,916$343,514▼ $5,402
Other Assets Total$3,065$12,671▲ $9,606
Liabilities
Accounts Payable and Accrued Expenses$12,684$49,672▲ $36,988
Total Liabilities$12,684$49,672▲ $36,988
Net Assets / Fund Balance
Unrestricted Net Assets$336,232$293,842▼ $42,390
Total Net Assets Fund Balance$336,232$293,842▼ $42,390
Total Liabilities and Net Assets / Fund Balance$348,916$343,514▼ $5,402

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$78,347$838,919$917,266
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael Agadjanyan DScPhDV.Pres/Treas.FT$114,583$6,657$121,240
Anahit Ghochikyan PhDBoard MemberFT$61,250$9,649$70,899
Anna AgadjanyanFinancial DirectorPT$62,167-$62,167
Garth L Nicolson PhDPresident/Secr.--$2,669$2,669
Nancy L Nicolson PhDBoard Member--$622$622
Revenue and Support

Revenue Composition

Contributions and Grants
$741,753
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$280
All Other Contributions
$370,818
Change in Net Assets
$-42,390

Audited Revenue Reconciliation

Revenue per Audited Statements
$742,033
Total Revenue per Audited Statements
$742,033
Total Revenue per Form 990
$742,033
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$435,029
Salaries, Compensation, and Employee Benefits$349,394
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$171,929$73,751-$245,680
Fees for Services Other-$88,136-$88,136
Other Salaries and Wages$42,697$16,461-$59,158
Occupancy$28,838$30,014-$58,852
Travel-$46,213-$46,213
Depreciation Depletion-$32,950-$32,950
Pension Plan Contributions$11,949$12,436-$24,385
Office Expenses$11,101$11,554-$22,655
Payroll Taxes$13,635$5,256-$18,891
Other Expenses$5,799$10,152-$15,951
Fees for Services Accounting-$14,700-$14,700
Other Employee Benefits$627$653-$1,280
Fees for Services Legal-$767-$767
Total Functional Expenses$441,380$343,043$0$784,423

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$784,423
Total Expenses per Audited Statements$784,423
Total Expenses per Form 990$784,423
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Michael AgadjanyanBdMbr/Relat.Research Compen.No$116,488
Anna AdadjanyanRelat./BdMbrFin. Dir. Compen.No$52,417
Nancy NicolsonBdMbr/SpouseHealth InsuranceNo$3,734
Garth NicolsonBdMbr/SpouseHealth InsuranceNo$2,795

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“The two founding members, Garth L. Nicolson and Nancy L. Nicolson, are married to each other. In addition, Michael Agadjanyan, Vice President and Treasurer, is the father of Anna Agadjanyan, Financial Director.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The Form 990 is reviewed by Dr. Garth Nicolson. The prior year Form 990 is utilized for comparison purposes and reconciled to the current year audited financial statements. After the preliminary review is completed it is reviewed again at the next board meeting for final signature and submission.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Key personnel assigned to each grant award is required to disclose conflicts of interest as they arise.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The compensation and approval of the Head of the Department of Molecular Immunology is based on the salary caps established by the National Institutes of Health (NIH).”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The Institute uses the salary caps established by the NIH for all positions.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The Institutes's governing documents, policies, and financial statements are made available upon request.”

Filing and Contact Details

Filer

EIN
88-0366979
Phone
7145967821

Signing Officer

Name
Michael Agadjanyan DScPhD
Title
V.Pres/Treas.
Signed
2015-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Garth L Nicolson PhD
Formed
1996
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
0
Employees
7

Preparer

Preparer
Ramesh Patel CPA
Phone
5104525051
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Institute is exempt from income taxes under Section 501 C (3) of the Internal Revenue Code and 23701d of the California Revenue and Taxation Code. The Institute files the necessary informational returns.GAAP provides accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the Institute in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. The Institutes returns are subject to examination by federal and state taxing authorities, generally for three years and four years respectively after they are filed.”

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IRS990/PrincipalOfficerNm0Garth L Nicolson PhD
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IRS990/PYOtherRevenueAmt019
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IRS990ScheduleA/HospitalNameAndAddressGrp/StateAbbreviationCd0MD
IRS990ScheduleA/HospitalNameAndAddressGrp/SupportedOrganizationName/BusinessNameLine10National Institutes of Health
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0838919
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0917266
IRS990ScheduleD/ExpensesSubtotalAmt0784423
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt0742033
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Institute is exempt from income taxes under Section 501 C (3) of the Internal Revenue Code and 23701d of the California Revenue and Taxation Code. The Institute files the necessary informational returns.GAAP provides accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the Institute in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. The Institutes returns are subject to examination by federal and state taxing authorities, generally for three years and four years respectively after they are filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt078347
IRS990ScheduleD/TotalExpensesPerForm990Amt0784423
IRS990ScheduleD/TotalRevenuePerForm990Amt0742033
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0742033
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0784423
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Garth Nicolson
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Nancy Nicolson
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2Michael Agadjanyan
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3Anna Adadjanyan
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BdMbr/Spouse
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2BdMbr/Relat.
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt13734
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt2116488
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt352417
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Health Insurance
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Health Insurance
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2Research Compen.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3Fin. Dir. Compen.
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0The two founding members, Garth L. Nicolson and Nancy L. Nicolson, are married to each other. In addition, Michael Agadjanyan, Vice President and Treasurer, is the father of Anna Agadjanyan, Financial Director.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The two founding members, Garth L. Nicolson and Nancy L. Nicolson, are married to each other. In addition, Michael Agadjanyan, Vice President and Treasurer, is the father of Anna Agadjanyan, Financial Director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is reviewed by Dr. Garth Nicolson. The prior year Form 990 is utilized for comparison purposes and reconciled to the current year audited financial statements. After the preliminary review is completed it is reviewed again at the next board meeting for final signature and submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Key personnel assigned to each grant award is required to disclose conflicts of interest as they arise.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The compensation and approval of the Head of the Department of Molecular Immunology is based on the salary caps established by the National Institutes of Health (NIH).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Institute uses the salary caps established by the NIH for all positions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Institutes's governing documents, policies, and financial statements are made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0441380
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IRS990/TravelGrp/TotalAmt046213
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IRS990/USAddress/AddressLine1016371 Gothard Street Unit H
IRS990/USAddress/City0Huntington Beach
IRS990/USAddress/State0CA
IRS990/USAddress/ZIPCode092647
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IRS990/WebsiteAddressTxt0www.immed.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael Agadjanyan DScPhD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0V.Pres/Treas.
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine10Institute for Molecular Medicine
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ReturnHeader/Filer/USAddress/State0CA
ReturnHeader/Filer/USAddress/ZIPCode092647

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$343,514
Liabilities
$49,672
Net assets
$293,842
Revenue
$742,033
Expenses
$784,423
Net income
-$42,390
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.35$0.98$0.37$5.74$5.74$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.06$0.69$0.37$5.42$5.43$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.55$0.18$0.37$6.39$6.40$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.65$0.27$0.38$1.87$1.84$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.56$0.21$0.35$2.51$2.49$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.48$0.15$0.33$2.14$2.11$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.47$0.18$0.30$1.59$1.59$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.46$0.17$0.29$2.15$2.15$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.43$0.14$0.29$1.84$1.84$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.40$0.10$0.30$1.00$1.00$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.34$0.05$0.29$0.74$0.78$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.01$0.34$0.76
2012Summary only. Only limited summary data is available for this year.$0.17$0.00$0.17$0.75$0.84$0.08
2011Summary only. Only limited summary data is available for this year.$0.27$0.02$0.25$0.92$1.03$0.12