BALTIMORE RESEARCH & EDUCATION FOUNDATION INC

EIN: 521705976 501(c)(3) Medical Research

BALTIMORE, MD

Total Revenue
$7,666,542
Total Expenses
$5,275,077
Total Assets
$26,146,783
Net Assets
$15,378,249
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
MD
Principal Officer
CAROLINE ZINK
Phone
4106057130
Tax Period
2024-07-01 to 2025-06-30

BALTIMORE RESEARCH & EDUCATION FOUNDATION INC, founded in 1992, is a community nonprofit in the Medical Research sector that reported $7.7M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $2.4M, a strong 31% operating margin.

Mission

SCIENTIFIC RESEARCH AND EDUCATION TO IMPROVE VETERANS' HEALTH.

Program Service Accomplishments

Program 1
Expenses: $4,496,526 Revenue: $5,335,080

BALTIMORE RESEARCH AND EDUCATION FOUNDATION (BREF) MANAGED RESEARCH AND EDUCATION PROJECTS FOR THE DETECTION AND/OR TREATMENT OF: CARDIOVASCULAR DISEASE, HEART FAILURE, DIABETES, MULTIPLE SCLEROSIS...

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BALTIMORE RESEARCH AND EDUCATION FOUNDATION (BREF) MANAGED RESEARCH AND EDUCATION PROJECTS FOR THE DETECTION AND/OR TREATMENT OF: CARDIOVASCULAR DISEASE, HEART FAILURE, DIABETES, MULTIPLE SCLEROSIS, MENTAL ILLNESS, DRUG ABUSE, OBESITY, PULMONARY CONDITIONS, ORTHOPEDIC CONDITIONS, GERIATRIC FALL RISK AND REHABILITATION, BLAST INJURIES, CANCER, SARCOPENIA, WOUND HEALING, AND INFECTIOUS DISEASES. ADDITIONALLY, BREF FACILITATED VETERANS HEALTHCARE QUALITY IMPROVEMENT AND FACILITATED THERAPY JAZZ CONCERTS AT THE LOCH RAVEN VA FACILITY FOR RESIDENTIAL VETERANS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,133,702
Program Service Revenue $5,335,080
Investment Income $1,197,760
Other Revenue $0
TOTAL REVENUE $7,666,542

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,473,754
Fundraising Expenses $0
Program Expenses $4,496,526
Other Expenses $2,801,323
TOTAL EXPENSES $5,275,077

Year-over-Year Comparison

2024 2023 Change
Revenue $7,666,542 $8,077,739 -0.1%
Expenses $5,275,077 $5,449,045 0.0%
Net Income $2,391,465 $2,628,694 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
30
Volunteers
10

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
$264,562
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS HORNYAK MD PHD PRESIDENT 0.50
Officer Director
$0 $0 $0
LESLIE KATZEL MD PHD SECRETARY & TREASURER 0.10
Officer Director
$0 $0 $0
SANDRA MARSHALL MD DIRECTOR 0.10
Director
$0 $0 $0
BRYAN SORONSON MPA DIRECTOR 0.10
Director
$0 $0 $0
LOUISA PEARTREE MBA DIRECTOR 0.10
Director
$0 $0 $0
KOUSICK BISWAS PHD DIRECTOR 0.10
Director
$0 $0 $0
BRIAN NIMMO MS DIRECTOR 0.10
Director
$0 $0 $0
JONATHAN ECKMAN PE DIRECTOR 0.10
Director
$0 $0 $0
BARBARA FORSHA MSN DIRECTOR 0.10
Director
$0 $0 $0
NIKKITA SOUTHALL MD DIRECTOR 0.10
Director
$0 $0 $0
CAROLINE ZINK PHD EXECUTIVE DIRECTOR 40.00
Officer
$227,450 $37,112 $264,562
QIANG QIAN STATISTICIAN 40.00
Highest
$152,759 $9,165 $161,924
AMANDA MILOCHIK ASSOCIATE DIR. OF EFRP UNTIL 6/2025 40.00
Highest
$103,096 $6,432 $109,528
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 $7,666,542 $5,275,077 $26,146,783 $2,391,465
2024 $8,077,739 $5,449,045 $30,576,393 $2,628,694
2023 $6,994,061 $4,659,379 $28,445,572 $2,334,682
2022 $8,554,401 $5,665,032 $26,029,306 $2,889,369
2021 $4,940,925 $4,052,194 $23,993,863 $888,731
2021 $5,050,843 $4,052,194 $23,993,863 $998,649
2020 $3,003,382 $2,634,190 $21,079,955 $369,192
2019 $3,085,959 $2,391,281 $15,885,401 $694,678
2018 $2,224,059 $2,580,747 $12,597,095 $-356,688
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