Miami Children's Hospital Research Institute INC

EIN: 592602318 501(c)(3)

Miami, FL

Total Revenue
$4,606,506
Total Expenses
$4,982,175
Total Assets
N/A
Net Assets
N/A
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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
FL
Phone
3056666511
Tax Period
2020-01-01 to 2020-12-31

Miami Children's Hospital Research Institute INC, founded in 1984, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2020. Revenue decreased 17% compared to the prior year.

Mission

The NCHRI directly supports the NICKLAUS CHILDREN'S HOSPITAL ("NCH") mission to provide hope through advanced care for our children and families. (CONTINUED ON SCHEDULE O)

Program Service Accomplishments

Program 1
Expenses: $4,982,175 Revenue: $1,968,096

Miami Children's Research Institute (MCRI, currently operating as Nicklaus Children's Hospital Research Institute) is one of the largest providers of pediatric medical research in the southeastern...

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Miami Children's Research Institute (MCRI, currently operating as Nicklaus Children's Hospital Research Institute) is one of the largest providers of pediatric medical research in the southeastern United States. In 2020, The Nicklaus Children's Hospital Research Institute (NCHRI) participated in more than 300 research studies, many involving new medications and interventions for children with complex or chronic needs. The NCHRI was the first pediatric research program in the state of Florida to receive accreditation by the Association for Accreditation of Human Research Protection Programs (AAHRPP) and was most recently reaccredited in 2017. AAHRPP accreditation affirms an organizational commitment to maintaining the most stringent standards in protecting the safety of research participants and in educating participants and their families regarding risks and potential benefits of taking part in research activities. The NCHRI mission is to: - Provide leadership, education, expertise and guidance to clinical research professionals at Nicklaus Children's Hospital (NCH) and its affiliates - Serve as a centralized resource within NCH to support conduct of interdisciplinary and patient-oriented research focusing on clinical trials - Provide a primary point of contact for Sponsors and Investigators - Serve as an educational resource to Investigators and Research Staff - Provide an interface with the research participant community The Nicklaus Children's Hospital Research Institute (NCHRI) strives to promote efficiency, standardization, compliance and responsible clinical research conduct through education, quality assurance visits, positive influence and guided internal and community leadership. The NCHRI provides research support services for all types of clinical research studies including those initiated by industry partners, external institutions, and NCH investigators. Specific services include proposal and protocol development, budget preparation and negotiation, contract negotiation, regulatory submission assistance, regulatory guidance, education, training and clinical research coordinator support. In addition, the NCHRI serves as the home to interdisciplinary research initiatives and engages the community by increasing awareness about Nicklaus Children's Health System (formerly Miami Children's Health System) research initiatives. The NCHRI supports research activities across Nicklaus Children's Health System including the neurology, neurosurgery, hematology and oncology, personalized medicine, genetics, genomics, clinical psychology, cardiology, cardiovascular surgery, orthopedics, nephrology, pulmonology, dermatology, endocrinology, gastroenterology, infectious disease, psychiatry, critical care, radiology, rehabilitative medicine, rheumatology and urology. In addition the NCHRI works collaboratively with Graduate Medical Education to support the research efforts of our residents and fellows. As part of its support for hematology-oncology research, Nicklaus Children's Hospital maintains full membership in the Children's Oncology Group (COG), a federally funded consortium of pediatric hospitals and departments conducting a large array of clinical research studies offering varied treatments for the spectrum of childhood cancers. In addition, the research institute supports clinical trials funded by industry and academic partners offering novel and innovative treatments for childhood cancers and hematologic diseases. In close collaboration with the Nicklaus Children's Hospital Brain Institute, the NCHRI supports a NCHRI supports a robust portfolio of clinical research studies in the neurosciences focused on various types of epilepsy, neuro-oncology and other neurological conditions. Many of these trials involve include the use of novel investigational products and devices in both neurology clinics and neurosurgical settings. A primary focus of research for both the Nicklaus Children's Hospital Heart program and the Center for Spinal Disorders includes health outcomes research to improve quality of care. Also, a fairly new and important division, the Personalized Medicine Initiative was kicked off in 2016 with a generous gift from the Sanford Health Genomics Consortium which has led to start-up and support of genomics-based medicine research in several therapeutic areas.

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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 (2020)

Revenue Breakdown

Contributions & Grants $2,596,051
Program Service Revenue $1,721,439
Investment Income $0
Other Revenue $289,016
TOTAL REVENUE $4,606,506

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,501,514
Fundraising Expenses $0
Program Expenses $4,982,175
Other Expenses $1,480,661
TOTAL EXPENSES $4,982,175

Year-over-Year Comparison

2020 2019 Change
Revenue $4,606,506 $5,538,144 -0.2%
Expenses $4,982,175 $6,528,527 -0.2%
Net Income $-375,669 $-990,383 -0.6%
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
17
Independent Members
13
Employees
43
Volunteers
13

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
9
$3,848,615
Total Directors
18
$2,920,389
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Chairman/Director 0.1
Officer Director
$0 $0 $0
N/A Secretary/Director 0.1
Officer Director
$0 $20,250 $409,283
N/A Director, Interim President & COO (Partial Year) 0.1
Officer Director
$0 $10,282 $549,037
N/A Vice Chairman/Director 0.1
Officer Director
$0 $0 $0
N/A President/CEO& Director 0.1
Officer Director
$0 $204,098 $1,110,278
N/A SVP/COO NCHS & President NCH/Director 0.1
Officer Director
$0 $71,411 $518,222
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $27,668 $333,569
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A VP/CFO Hospital 0.1
Officer
$0 $23,729 $309,885
N/A SVP/CFO Health System 0.1
Officer
$0 $65,573 $489,036
N/A SVP and General Counsel 0.1
Officer
$0 $80,301 $462,874
N/A Senior Research Scientist 40.0
Highest
$100,030 $3,432 $103,462
N/A Director PM & HO Research 40.0
Highest
$131,068 $15,862 $146,930
N/A Director Research Institute 40.0
Highest
$144,163 $17,148 $161,311
N/A President (Former) 0.0
$0 $0 $258,221
N/A CEO/Director (Former) 0.0
$0 $0 $1,178,819
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
2020 $4,606,506 $4,982,175 No data $-375,669
2019 $5,538,144 $6,528,527 $1,902,583 $-990,383
2018 $4,980,279 $5,383,278 $1,775,252 $-402,999
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