BAPTIST CLINICAL RESEARCH INSTITUTE INC

EIN: 453032246 501(c)(3) Science & Technology

MEMPHIS, TN

Total Revenue
$2,160,638
Total Expenses
$4,299,176
Total Assets
$400,714
Net Assets
$-17,389,849
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
TN
Principal Officer
GARY C ANDERSON
Phone
9012275336
Tax Period
2023-10-01 to 2024-09-30

BAPTIST CLINICAL RESEARCH INSTITUTE INC, founded in 2011, is a community nonprofit in the Science & Technology sector that reported $2.2M in total revenue in fiscal year 2023. Expenses of $4.3M exceeded revenue, resulting in a 99% operating deficit.

Mission

BAPTIST CLINICAL RESEARCH INSTITUTE, INC. ENGAGES IN AND FACILITATES MEDICAL AND SCIENTIFIC RESEARCH AND EDUCATIONAL ACTIVITIES IN CLINICAL AREAS.

Program Service Accomplishments

Program 1
Expenses: $3,853,698 Revenue: $1,911,079

BAPTIST CLINICAL RESEARCH INSTITUTE, INC. IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, RELIGIOUS AND SCIENTIFIC PURPOSES, INCLUDING BUT NOT LIMITED TO, ENGAGING IN AND FACILITATING MEDICAL...

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BAPTIST CLINICAL RESEARCH INSTITUTE, INC. IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, RELIGIOUS AND SCIENTIFIC PURPOSES, INCLUDING BUT NOT LIMITED TO, ENGAGING IN AND FACILITATING MEDICAL AND SCIENTIFIC RESEARCH AND EDUCATIONAL ACTIVITIES IN CLINICAL AREAS, PROMOTING, COORDINATING AND ADVANCING THE QUALITY AND AVAILABILITY OF INNOVATIVE CLINICAL RESEARCH PROGRAMS AND METHODOLOGIES, ENSURING THAT QUALITY RESEARCH IS PERFORMED WITH A FOCUS ON PATIENT SAFETY AND ETHICAL OVERSIGHT PURSUANT TO ALL APPLICABLE REGULATORY STANDARDS, ENHANCING PATIENT CARE THROUGH FOSTERING AN ACADEMIC CULTURE THAT IS CONDUCIVE FOR RECRUITING BOTH NEW AND ESTABLISHED RESEARCH PHYSICIANS, AND ENGAGING IN ANY OTHER ACTIVITIES IN FURTHERANCE OF THE FOREGOING PURPOSES AS MAY BE PERMITTED BY THE TENNESSEE NONPROFIT CORPORATION ACT. BAPTIST CLINICAL RESEARCH INSTITUTE, INC. WORKS CLOSELY WITH PHYSICIANS, PHARMACEUTICAL COMPANIES, THE NATIONAL INSTITUTE OF HEALTH AND OTHER RESEARCH ORGANIZATIONS TO ENSURE AN EFFECTIVE TRIAL PROCESS BY PROVIDING THE EXPERTISE AND SUPPORT FOR THE CONDUCT OF CLINICAL RESEARCH, ENSURING THAT THE GUIDANCE AND TOOLS ARE RELEVANT, ACCESSIBLE, AND CURRENT. BAPTIST CLINICAL RESEARCH INSTITUTE, INC. FOSTERS RESEARCH PARTICIPANT ADVOCACY BY PROMOTION OF BEST PRACTICES FOR THE SAFE AND ETHICAL CONDUCT OF RESEARCH. RESEARCH ALLOWS BAPTIST CLINICAL RESEARCH INSTITUTE, INC. AND BAPTIST MEMORIAL HEALTH CARE CORPORATION AFFILIATED PHYSICIANS TO BE IN THE FOREFRONT OF INNOVATIVE TREATMENT. BAPTIST CLINICAL RESEARCH INSTITUTE, INC. PROVIDES CLINICAL RESEARCH SERVICES TO ALL BAPTIST MEMORIAL HEALTH CARE CORPORATION AFFILIATED HOSPITALS AND SEVERAL BAPTIST MEMORIAL MEDICAL GROUP, INC. CLINICS. BAPTIST CLINICAL RESEARCH INSTITUTE, INC. SERVES THE TRI-STATE AREA WHICH ENCOMPASSES TENNESSEE, MISSISSIPPI AND ARKANSAS. OVER 50 PHYSICIANS HAVE PARTICIPATED IN BAPTIST CLINICAL RESEARCH INSTITUTE, INC. TRIALS TO DATE, WITH AN AVERAGE OF 8-10 ENROLLED PATIENTS PER TRIAL. BAPTIST CLINICAL RESEARCH INSTITUTE, INC.'S DATABASE CONSISTS OF OVER 300 CLINICAL TRIALS IN A VAST NUMBER OF AREAS WITH THE MAJORITY BEING IN THE FIELD OF ONCOLOGY. IN AN EFFORT TO CONTINUE BUILDING A STRONG RELATIONSHIP WITH THE BAPTIST RESEARCH FAMILY, BAPTIST CLINICAL RESEARCH INSTITUTE, INC. LAUNCHED A QUARTERLY NEWSLETTER IN 2014 IN ORDER TO SHARE RESEARCH, COMPLIANCE, AND INSTITUTIONAL REVIEW BOARD (IRB) NEWS AND INFORMATION WITH ITS GROWING NETWORK OF RESEARCHERS. THIS NEWSLETTER HAS BEEN VERY WELL-RECEIVED BY THE RESEARCH COMMUNITY AND SERVES AS A RESOURCE AND INFORMATION GUIDE FOR THE RESEARCH SITES AND THEIR STAFF. IN 2015, BAPTIST CLINICAL RESEARCH INSTITUTE, INC. INITIATED A RESEARCH EDUCATION AND TRAINING PROGRAM TARGETED TO CLINICAL RESEARCHERS AND INSTITUTIONAL REVIEW BOARD MEMBERS. THE AIM OF THIS TRAINING PROGRAM WAS TO HELP IMPLEMENT THE FRAMEWORK REQUIRED FOR RESEARCH SITES TO STAY COMPLIANT AND EFFICIENTLY MANAGE CLINICAL TRIAL REQUIREMENTS, AND FOR INSTITUTIONAL REVIEW BOARD STAFF AND REVIEWERS TO ENHANCE THEIR UNDERSTANDING AND INSIGHT INTO CORE TOPICS RELATED TO HUMAN RESEARCH PROTECTION PROGRAMS (HRPPS), AS WELL AS FEDERAL REGULATIONS GOVERNING HUMAN SUBJECTS RESEARCH, INSTITUTIONAL REVIEW BOARD OPERATIONS AND REVIEWING PROCEDURES. BAPTIST CLINICAL RESEARCH INSTITUTE, INC. HAS SPONSORED THREE DAY-LONG RESEARCH TRAINING CONFERENCES AND SEVERAL SEMINARS IN THE PAST YEAR THAT ATTRACTED RESEARCHERS FROM A NUMBER OF BAPTIST HOSPITALS AND CLINICS, AS WELL AS RESEARCH INSTITUTIONS SUCH AS ST. JUDE CHILDREN'S RESEARCH HOSPITAL AND THE UNIVERSITY OF TENNESSEE HEALTH SCIENCE CENTER. THESE CONFERENCES WERE CONDUCTED BY LEADERS IN THE CLINICAL RESEARCH FIELD, WITH TOPICS RANGING FROM CLINICAL BILLING COMPLIANCE TO RESEARCH ETHICS, CODE OF THE FEDERAL REGULATIONS, CLINICAL RESEARCH SITE LIABILITIES, INVESTIGATOR AND SITE RESPONSIBILITIES, FDA AUDITS AND PRIVACY AND CONFIDENTIALITY ISSUES IN CLINICAL TRIALS. IN THE UPCOMING YEAR, BAPTIST CLINICAL RESEARCH INSTITUTE, INC. WILL CONTINUE TO STRIVE TOWARDS ITS VISION OF EXCELLENCE AND CONTINUE TO BRING INNOVATIVE AND ACCESSIBLE RESEARCH TO THE PATIENT POPULATION IN THE MIDSOUTH.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $249,559
Program Service Revenue $1,911,079
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,160,638

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,573,498
Fundraising Expenses $0
Program Expenses $3,853,698
Other Expenses $725,678
TOTAL EXPENSES $4,299,176

Year-over-Year Comparison

2023 2022 Change
Revenue $2,160,638 $2,161,067 0.0%
Expenses $4,299,176 $4,263,925 +0.0%
Net Income $-2,138,538 $-2,102,858 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
N/A
Employees
71
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$2,796,880
Total Directors
8
$8,072,383
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM A GRIFFIN DIRECTOR (THRU 10/23) 0.04
Director
$0 $66,668 $1,381,083
GREGORY M DUCKETT SECRETARY/DIRECTOR 0.04
Officer Director
$0 $90,318 $1,346,501
GARY C ANDERSON DIRECTOR (THRU 12/23)/PRESIDENT 0.04
Officer Director
$0 $88,606 $1,300,745
MARK E SWANSON MD DIRECTOR 0.04
Director
$0 $24,823 $1,220,645
PHILIP LAMMERS MD DIRECTOR 0.04
Director
$0 $58,215 $1,164,577
KIMBERLY O YOUNG DIRECTOR (AS OF 11/23) 0.04
Director
$0 $47,942 $620,481
JUSTIN RHODES DIRECTOR (AS OF 09/24) 0.04
Director
$0 $84,677 $526,012
WILLIAM CLOUD MD DIRECTOR (AS OF 09/24) 0.04
Director
$0 $56,774 $512,339
ROPO O SANVEE CFO 3.00
Officer
$0 $33,094 $149,634
ALEXANDER R QUESENBERRY DIR.-PHARM. INFUSION CENTER/RESEARCH 20.00
Highest
$86,055 $62,844 $230,667
PAUL KOROS DIRECTOR-CLINICAL RESEARCH 40.00
Highest
$151,915 $40,225 $192,140
GLENN ROMA PHARMACIST-INVESTIGATIONAL 40.00
Highest
$115,961 $37,721 $153,682
TRACY B STEWART ASSISTANT DIRECTOR-RESEARCH 40.00
Highest
$116,379 $34,347 $150,726
HUIBO SHAO SCIENTIST-RESEARCH III 40.00
Highest
$131,106 $85 $131,191
PAUL D DEPRIEST MD FORMER PRESIDENT 0.00
$0 $85,100 $2,156,966
MARGARET DEBON FORMER EXEC. DIRECTOR-DEV. RES. 0.00
$145,405 $5,084 $150,489
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,160,638 $4,299,176 $400,714 $-2,138,538
2023 $2,161,067 $4,263,925 $455,611 $-2,102,858
2022 $1,800,525 $4,347,213 $507,696 $-2,546,688
2021 $1,977,517 $3,957,317 $153,363 $-1,979,800
2020 $1,729,642 $3,213,146 $138,519 $-1,483,504
2019 $2,016,558 $3,490,797 $130,843 $-1,474,239
2018 $1,194,241 $2,996,206 $241,554 $-1,801,965
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