CHILDREN'S RESEARCH INSTITUTE

EIN: 521654453 501(c)(3) Medical Research

WASHINGTON, DC

Total Revenue
$102,117,603
Total Expenses
$132,962,022
Total Assets
$28,748,923
Net Assets
$-451,705,458
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
DC
Principal Officer
MICHELLE RILEY-BROWN MHA
Phone
2024765000
Tax Period
2023-07-01 to 2024-06-30

CHILDREN'S RESEARCH INSTITUTE, founded in 1989, is a major nonprofit in the Medical Research sector that reported $102.1M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $133.0M exceeded revenue, resulting in a 30% operating deficit.

Mission

CHILDREN'S RESEARCH INSTITUTE DBA CHILDREN'S NATIONAL RESEARCH INSTITUTE CONDUCTS AND PROMOTES TRANSLATIONAL AND CLINICAL MEDICAL RESEARCH AND EDUCATION PROGRAMS THAT LEAD TO IMPROVED UNDERSTANDING, PREVENTION, TREATMENT, AND CARE OF CHILDHOOD DISEASES.

Program Service Accomplishments

Program 1
Expenses: $28,607,487

CENTER FOR NEUROSCIENCE RESEARCH (CNR) - SEE SCHEDULE O.PROGRAM SERVICE ACTIVITY 1CENTER FOR NEUROSCIENCE RESEARCH (CNR): THE CNR HAS GROWN RAPIDLY IN THE PAST 10 YEARS WITH SIGNIFICANT INCREASES IN...

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CENTER FOR NEUROSCIENCE RESEARCH (CNR) - SEE SCHEDULE O.PROGRAM SERVICE ACTIVITY 1CENTER FOR NEUROSCIENCE RESEARCH (CNR): THE CNR HAS GROWN RAPIDLY IN THE PAST 10 YEARS WITH SIGNIFICANT INCREASES IN THE PROGRAM AND THE GENERATION OF IMPORTANT SCIENTIFIC DISCOVERIES. THE CNR CURRENTLY COMPRISES 50 FACULTY MEMBERS WITH FULL APPOINTMENTS AT OUR ACADEMIC AFFILIATE, THE GEORGE WASHINGTON UNIVERSITY SCHOOL OF MEDICINE AND HEALTH SCIENCES (GW). IN RECOGNITION OF THESE ACCOMPLISHMENTS, CNMC CONSTRUCTED A NEW FLOOR OF LABORATORY SPACE IN 2008 TO SERVE AS HOME FOR THE CNR AND TO PROVIDE ADDITIONAL SPACE FOR RECRUITMENTS. THE CNR CURRENTLY RESIDES IN OVER 12,000 SQUARE FEET OF OPEN ARCHITECTURE RESEARCH SPACE. WE BELIEVE THAT THE CNR IS NOW UNIQUELY POISED TO ACCOMPLISH ITS MISSION, AS ITS RESEARCH PROGRAM, RESEARCH LABS, AND SUPPORTING INFRASTRUCTURES ARE NOW PHYSICALLY LOCATED ON THE 6TH FLOOR OF THE MAIN BUILDING OF CNMC. THIS ALLOWS CLOSE INTERACTIONS BETWEEN BASIC NEUROSCIENTISTS, TRANSLATIONAL NEUROSCIENTISTS, AND CLINICIAN NEUROSCIENTISTS, INCLUDING CHILD NEUROLOGISTS, NEONATOLOGISTS, AND CRITICAL CARE PEDIATRICIANS. THIS UNIQUE AND EXCITING SETTING HAS SUPPORTED AND PROMOTED A LARGE NUMBER OF RESEARCH PROJECTS THAT SPAN BASIC, TRANSLATIONAL AND CLINICAL RESEARCH IN NEURODEVELOPMENTAL DISORDERS. THE CNR INCLUDES EIGHT MAJOR AREAS OF RESEARCH, INCLUDING NEURAL STEM CELLS AND DEVELOPMENTAL NEUROBIOLOGY, BRAIN INJURY AND BRAIN PROTECTION, PERINATAL HYPOXIA AND HYPEROXIA, EPILEPSY, NEURO-ONCOLOGY, NEUROFIBROMATOSIS, ATTENTION DEFICIT HYPERACTIVITY DISORDER, AND AUTISM. THE CNR COMPRISES AN EXPANDING GROUP OF HIGHLY PRODUCTIVE LAB-BASED DEVELOPMENTAL NEUROSCIENTISTS, ALL OF WHOM HAVE ESTABLISHED STRONG RESEARCH PROGRAMS AND COLLABORATIONS IN THE AREA OF NEURODEVELOPMENTAL DISORDERS. WHILE THESE INVESTIGATORS HAVE DISTINCT EXPERTISE AND RESEARCH PROGRAMS, THEIR RESEARCH AS A WHOLE IS FOCUSED ON CHILDHOOD NEUROLOGICAL DISORDERS, FROM EARLY STAGES OF WHEN THE NERVOUS SYSTEM IS FIRST ESTABLISHED, TO POSTNATAL STAGES THAT INCLUDE THE FORMATION OF NEURONAL CONNECTIONS AND THE WRAPPING OF NEURONAL PROCESSES BY THE MYELIN INSULATOR. THUS, INVESTIGATORS AT THE CNR HAVE A COMMON GOAL FOR WHICH THEY ARE ALL STRIVING. THE CENTER FOR NEUROSCIENCE RESEARCH HAD $28,607,487 IN EXPENSES FY 2024.

Program 2
Expenses: $26,367,716

CENTER FOR TRANSLATIONAL SCIENCE - SEE SCHEDULE O.PROGRAM SERVICE ACTIVITY 2CENTER FOR TRANSLATIONAL SCIENCE: THE CENTER FOR TRANSLATIONAL SCIENCE SUPPORTS THE FULL SPECTRUM OF INVESTIGATORS...

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CENTER FOR TRANSLATIONAL SCIENCE - SEE SCHEDULE O.PROGRAM SERVICE ACTIVITY 2CENTER FOR TRANSLATIONAL SCIENCE: THE CENTER FOR TRANSLATIONAL SCIENCE SUPPORTS THE FULL SPECTRUM OF INVESTIGATORS (FACULTY, TRAINEES, AND STAFF) AT CHILDREN'S NATIONAL WHO ARE PERFORMING PATIENT-CENTERED CLINICAL AND TRANSLATIONAL RESEARCH (CTR), AND HEALTH SERVICES RESEARCH (HSR). THE POOL OF SUCH INVESTIGATORS AT CHILDREN'S IS LARGE AND GROWING, AND THESE INDIVIDUALS APPROACH THEIR WORK WITH A WIDE RANGE OF EXPERIENCE, EXPERTISE, AND SUPPORT. IT HOUSES BOTH LARGE PROGRAMS OF EXTRAMURALLY FUNDED RESEARCH (E.G. THE CLINICAL AND TRANSLATIONAL SCIENCE AWARD (CTSA) FUNDED BY NIH, THE HRSA-FUNDED PEDIATRIC EMERGENCY CARE AND APPLIED RESEARCH NETWORK/PECARN) AND FACULTY WITH LIMITED FUNDING WORKING ON SPECIFIC, LIMITED PROJECTS. THIS GROWING CENTER EXPENSED $26,367,716 IN FY 2024.

Program 3
Expenses: $22,706,348

CENTER FOR CANCER AND IMMUNOLOGY RESEARCH - SEE SCHEDULE O.PROGRAM SERVICE ACTIVITY 3CENTER FOR CANCER AND IMMUNOLOGY RESEARCH: THE CENTER FOR CANCER & IMMUNOLOGY RESEARCH (CCIR) AIMS TO DEVELOP AND...

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CENTER FOR CANCER AND IMMUNOLOGY RESEARCH - SEE SCHEDULE O.PROGRAM SERVICE ACTIVITY 3CENTER FOR CANCER AND IMMUNOLOGY RESEARCH: THE CENTER FOR CANCER & IMMUNOLOGY RESEARCH (CCIR) AIMS TO DEVELOP AND APPLY SCIENTIFIC KNOWLEDGE IN THE AREAS OF CANCER, BLOOD, AND INFECTIOUS AND IMMUNOLOGIC DISORDERS TO ADVANCE PATIENT CARE. THE CCIR WAS REORGANIZED TO INTEGRATE THE CLINICAL AND RESEARCH ENTERPRISES IN ONCOLOGY, INFECTIOUS DISEASE, HEMATOLOGY, ALLERGY, IMMUNOLOGY AND RHEUMATOLOGY IN ORDER TO BE ALIGNED WITH THE CENTER FOR CANCER AND BLOOD DISORDERS (CCBD) AND PROMOTE AND FACILITATE THE CONDUCT OF TRANSLATIONAL RESEARCH. THIS REORGANIZATION HAS NOW RESULTED IN THE ESTABLISHMENT OF 5 SECTIONS:1. CHILDHOOD CANCER2. INFECTIOUS DISEASE3. CANCER IMMUNOLOGY/IMMUNOTHERAPY4. HEMATOLOGY & TRANSFUSION MEDICINE 5. ALLERGY, IMMUNOLOGY, RHEUMATOLOGYTHE NEW STRUCTURE HAS ALLOWED THE CCIR LEADERSHIP TO WORK CLOSELY WITH CCBD LEADERSHIP TO BETTER DEVELOP A STRATEGIC GOAL FOR THE FUTURE, INCLUDING STRATEGIC EXPANSION OF RESEARCH PROGRAMS RATHER THAN OPPORTUNISTIC RECRUITMENTS. THE CENTER OF CANCER AND IMMUNOLOGY RESEARCH HAD $22,706,348 IN EXPENSES FY 2024.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $100,671,561
Program Service Revenue $206,629
Investment Income $-59,608
Other Revenue $1,299,021
TOTAL REVENUE $102,117,603

Expense Breakdown

Grants Paid $0
Salaries & Benefits $72,550,508
Fundraising Expenses $0
Program Expenses $110,328,163
Other Expenses $60,411,514
TOTAL EXPENSES $132,962,022

Year-over-Year Comparison

2023 2022 Change
Revenue $102,117,603 $89,672,961 +0.1%
Expenses $132,962,022 $119,693,833 +0.1%
Net Income $-30,844,419 $-30,020,872 +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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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
356

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
4
$4,036,738
Total Directors
4
$4,036,738
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALDWIN LINDSAY EVP, CFO & BOARD TREASURER 2.00
Officer Director
$0 $135,445 $1,273,757
MICHELLE RILEY-BROWN CHAIR, PRES/CEO (CNMC) FROM 07/23 2.00
Officer Director
$0 $15,887 $859,008
MARY ANNE HILLIARD BOARD SECRETARY 2.00
Officer Director
$0 $126,033 $1,059,010
VITTORIO GALLO PHD BOARD VICE CHAIRMAN TO 09/23 39.00
Officer Director
$0 $26,801 $844,963
YVES D'UDEKEM D'ACOZ MD CHIEF OF CARDIO SURGERY 1.00
Highest
$0 $47,484 $2,377,268
ANTHONY SANDLER MD SVP CENTER OF EXCELLENCE 9.00
Highest
$0 $212,681 $1,789,752
ROBERT KEATING MD CHIEF OF NEUROSURGERY 1.00
Highest
$0 $43,839 $1,234,974
DAVID WESSEL MD CHIEF MEDICAL OFFICER 1.00
Highest
$0 $54,492 $1,304,579
MARK L BATSHAW MD SENIOR INVESTIGATOR 1.00
Highest
$0 $38,308 $1,073,885
KURT D NEWMAN MD FORMER BOARD CHAIR, PRES/CEO CNMC 0.00
$0 $46,404 $3,046,608
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
2025 No data No data No data No data
2024 $102,117,603 $132,962,022 $28,748,923 $-30,844,419
2023 $89,672,961 $119,693,833 $27,836,508 $-30,020,872
2022 $79,596,993 $109,045,054 $17,067,806 $-29,448,061
2021 $66,659,816 $99,232,699 $13,958,035 $-32,572,883
2020 $63,337,060 $97,861,418 $30,650,569 $-34,524,358
2019 $64,948,372 $97,796,711 $29,864,803 $-32,848,339
2018 $62,475,893 $93,346,474 $34,437,749 $-30,870,581
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