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INSTITUTE FOR MOLECULAR MEDICINE: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
INSTITUTE FOR MOLECULAR MEDICINE (EIN 88-0366979)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-05-15
IRS object ID
202431369349316123
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-15T15:00:53-07:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

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Preparer Firm EIN270741376PreparerFirmEIN

Preparer Firm Name PreparerFirmName

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Business Name Line1HARSHWAL & COMPANY LLPBusinessNameLine1Txt

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Address Line111405 W BERNARDO CT STE AAddressLine1Txt
CitySAN DIEGOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92127ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

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EIN880366979EIN

Business Name BusinessName

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Business Name Line1Institute for Molecular MedicineBusinessNameLine1Txt
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Business Name ControlINSTBusinessNameControlTxt
Phone7145967821PhoneNum

US Address USAddress

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Address Line116371 Gothard Street HAddressLine1Txt
CityHuntington BeachCityNm
State AbbreviationCAStateAbbreviationCd
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Business Officer BusinessOfficerGrp

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PersonMichael Agadjanyan DScPhDPersonNm
Person TitleV.Pres/Treas.PersonTitleTxt
Signature2024-05-15SignatureDt
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Person Full Name PersonFullName

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Person FirstMichael AgadjanyanPersonFirstNm
Person LastDScPhDPersonLastNm
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SSN999009999SSN
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Preparer Person PreparerPersonGrp

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Preparer PersonSanwar Harshwal CPAPreparerPersonNm
PTINP01249746PTIN
Phone5104525051PhoneNum
Self EmployedYes (X)SelfEmployedInd

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FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerGarth L Nicolson PhDPrincipalOfficerNm
Gross Receipts$5,423,626GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.immed.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1996FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionThe 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. This will be accomplished through innovative basic and translational reasearch programs.ActivityOrMissionDesc
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CY Investment Income$7CYInvestmentIncomeAmt
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PY Grants And Similar Paid$279,921PYGrantsAndSimilarPaidAmt
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CY Total Expenses$5,426,680CYTotalExpensesAmt
PY Revenues Less Expenses-$9,417PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$3,054CYRevenuesLessExpensesAmt
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Total Assets EOY$1,062,294TotalAssetsEOYAmt
Total Liabilities BOY$180,727TotalLiabilitiesBOYAmt
Total Liabilities EOY$693,072TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$372,276NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$369,222NetAssetsOrFundBalancesEOYAmt
MissionThe 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. This will be accomplished through innovative basic and translational reasearch programs.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$4,550,708ExpenseAmt
Grant$488,542GrantAmt
DescResearch/Community Service - The Institute conducts multifaceted, cross-disciplinary and multi-national research, including research and its translation leading to clinical applications of new diagnostic and therapeutic approaches to conquering catastrophic chronic diseases.Desc
Total Program Service Expenses$4,550,708TotalProgramServiceExpensesAmt
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Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)

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M Agadjanyan DScPHD
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A Ghochikyan PHD
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A Agadjanyan
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Occupancy OccupancyGrp

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Other Expenses OtherExpensesGrp (4 entries)

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publication fees$8,569$2,484$6,085

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Total Functional Expenses TotalFunctionalExpensesGrp

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EOY$0EOYAmt
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Intangible Assets IntangibleAssetsGrp

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Other Assets Total OtherAssetsTotalGrp

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EOY$3,065EOYAmt

Total Assets TotalAssetsGrp

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BOY$553,003BOYAmt
EOY$1,062,294EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

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BOY$180,727BOYAmt
EOY$693,072EOYAmt

Total Liabilities TotalLiabilitiesGrp

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EOY$693,072EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

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BOY$372,276BOYAmt
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Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

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FieldValueIRS element (for citing)
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Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteefalseAuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Medical Research OrganizationYes (X)MedicalResearchOrganizationInd

Hospital Name And Address HospitalNameAndAddressGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1National Institutes of HealthBusinessNameLine1Txt
FieldValueIRS element (for citing)
CityRockvilleCityNm
State AbbreviationMDStateAbbreviationCd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

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ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
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Depreciation$1,101,496DepreciationAmt
Book Value$36,753BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$36,753TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$5,423,626TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$5,423,626RevenueSubtotalAmt
Total Revenue Per Form990$5,423,626TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,426,680TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$5,426,680ExpensesSubtotalAmt
Total Expenses Per Form990$5,426,680TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X : FIN48 FootnoteFormAndLineReferenceDesc
ExplanationThe Institute is exempt from Federal Taxes under Section 501(c)(3) of the Internal Revenue Code as amended and Section 23701(d) of the Revenue and Taxation Code of the State of California. Accordingly, no provision for Federal and Franchise taxes has been recognized in the financial statements. 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.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxt
Banner Health
901 E Willetta St 1st floorPhoenixAZ85006450233470501(c)(3)$15,054$0Subaward for Research Performance
University of CA Irvine
141 Innovation Suite 250IrvineCA92697952226406501(C)(3)$327,080$0Subaward for Research Performance
UNIVERSITY OF SOUTHERN CA
University Gardens UGB203Los AngelesCA90089951642394501(C)(3)$143,408$0Subaward for Research Performance
FieldValueIRS element (for citing)
Total501c3 Org3Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceGrantmaker's Description of How Grants are UsedFormAndLineReferenceDesc
ExplanationThe Institute for Molecular Medicine monitors the grant funds it awards so that the institution and the awardee(s) are in compliance with applicable awarding terms, conditions and regulations. For federally funded Subwards, the institute follows all Subrecipient monitoring as required, and as written in Subaward Agreement(s). Expenses are accounted for on an accrual basis.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt
A Agadjanyan
Financial Dir.$170,000$170,000
A Ghochikyan PHD
BM & Secretary$160,000$174,635$14,635
M Agadjanyan DScPHD
V.Pres/Treas.$203,167$205,190$2,023

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
DR M AGADJANYAN
BDMBR/RELAT NBDM$213,836RESEARCH Compensationfalse
A AGDJANYAN
RELAT. OF BDMBR$170,000FIN. DIR. COMPENSATIONfalse
DRIPETRUSHINA
RELAT. OF BDMBR$33,000CONSULTANT COMPENSATIONfalse

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule L, Part V Supplemental InformationFormAndLineReferenceDesc
ExplanationDr. M. Agadjanyan, Vice President is the father of A. Agadjanyan, Financial Director.Dr. M. Agadjanyan, Vice President is Husband of Dr.I.Petrushina, Consultant.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, Line 2Dr. M. Agadjanyan, Vice President and Treasurer, is the father of Anna Agadjanyan, Financial Director.
Form 990, Part VI, Section B, Line 11bThe Form 990 is reviewed by both the President and the Financial Director. The prior year Form 990 is utilized for comparison purposes and the current Form 990 is reconciled to the current year audited financial statements. After the preliminary review is completed, the Form 990 is reviewed again at the next board meeting for final signature and submission.
Form 990, Part VI, Section B, Line 12cKey personnel assigned to each grant award is required to disclose conflicts of interest as they arise.
Form 990, Part VI, Section B, Line 15aThe compensation and approval process for 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, Section B, Line 15bThe Institute uses the salary caps established by the NIH for all positions.
Form 990, Part VI, Section C, Line 19The Institutes's governing documents, policies, and financial statements are made available upon request.