MCLAUGHLIN RESEARCH INSTITUTE FOR BIOMEDICAL SCIENCES INC

EIN: 810459235 501(c)(3)

GREAT FALLS, MT

Total Revenue
$3,885,882
Total Expenses
$4,808,258
Total Assets
$14,103,641
Net Assets
$13,643,856
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
MT
Principal Officer
RENEE REIJO PERA
Phone
4064546015
Tax Period
2023-07-01 to 2024-06-30

MCLAUGHLIN RESEARCH INSTITUTE FOR BIOMEDICAL SCIENCES INC, founded in 1989, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $4.8M exceeded revenue, resulting in a 24% operating deficit.

Mission

THE INSTITUTE'S MISSION IS TO IMPROVE HUMAN HEALTH THROUGH INNOVATIVE GENETIC RESEARCH AND EDUCATION. RESEARCH AT THE INSTITUTE FOCUSES ON UNDERSTANDING THE GENETIC CONTROL OF NORMAL DEVELOPMENT AND SUSCEPTIBILITY TO NEUROLOGICAL DISEASES USING THE MOUSE AS THE MODEL SYSTEM. THE INSTITUTE ALSO OFFERS RESEARCH INTERNSHIPS FOR STUDENTS AND TEACHERS.

Program Service Accomplishments

Program 1
Expenses: $4,175,957 Revenue: $313,640

DURING FISCAL YEAR 2024, THE INSTITUTE SCIENTISTS AND STAFF CONTINUED THEIR EFFORTS TO BETTER UNDERSTANDING THE CELLULAR AND MOLECULAR MECHANISMS OF NEURODEGENERATIVE DISEASE PROCESSES THROUGH...

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DURING FISCAL YEAR 2024, THE INSTITUTE SCIENTISTS AND STAFF CONTINUED THEIR EFFORTS TO BETTER UNDERSTANDING THE CELLULAR AND MOLECULAR MECHANISMS OF NEURODEGENERATIVE DISEASE PROCESSES THROUGH INNOVATIVE GENETIC APPROACHES IN MURINE MODELS WHILE EXPANDING THE PROGRAM OF TRANSLATIONAL RESEARCH TO SUPPLEMENT TREATMENT ADVANCES AND EDUCATION THROUGH COMMUNITY ENGAGEMENT WITH STUDENT INTERNSHIPS. THE RESEARCH FOCUSED LARGELY ON THE MECHANISMS BEHIND THE PROPAGATION OF PROTEIN MISFOLDING IN DISEASES SUCH AS FRONTOTEMPORAL DEMENTIA, ALZHEIMER'S AND PRION DISEASES, AS WELL AS NOVEL TREATMENT APPROACHES. SUCH WORK INCLUDED PARTNERSHIPS WITH UP TO 11 COLLABORATORS AND 20 PROJECTS AMONG INVESTIGATORS WITH PARTNERSHIPS EXTENDING NATIONALLY TO NEW YORK, MASSACHUSETTS, NORTH CAROLINA AND CALIFORNIA WHICH RESULTANT SUBAWARDS CONTRIBUTED TO $712,800 OF NIH GRANT FUND SUPPORT AND $307,000 IN RESEARCH CONTRACTS. EFFORTS CONTINUED TOWARDS UNDERSTANDING ALZHEIMER'S DISEASE WITH PARTNERS AT COLUMBIA UNIVERSITY AND WAKE FOREST UNIVERSITY; PRION DISEASES WITH PARTNERS AT THE BROAD AT HARVARD UNIVERSITY & PRION ALLIANCE. INVESTIGATORS CONTINUED CRITICAL WORK ON NOVEL TREATMENT DEVELOPMENT SCREENING THROUGH ONGOING COLLABORATION WITH PHARMACEUTICAL COMPANIES AND WELCOMED NEW COLLABORATIONS WITH LYDIAN ACCELERATOR & N-LOREM. THE INSTITUTE BEGAN NEW EFFORTS THROUGH NIH FUNDED GRANTS (AWARDED 2024) IN THE AMOUNT OF $2.9M/YEAR FOR FIVE YEARS TO LAUNCH THE NOVEL CENTER FOR INTEGRATED BIOMEDICAL AND RURAL HEALTH RESEARCH FOCUSED ON DISTRIBUTED RESEARCH SUPPORT FOR NEW INVESTIGATORS; $630,000/YEAR FOR FIVE YEARS OF NEUROINFLAMMATION IN ALZHEIMER'S DISEASE MODEL RESEARCH. ADDITIONAL NIH FUNDS THROUGH TRANSFER FROM CALPOLY AND DUKE UNIVERSITY SUPPORTED THE ONGOING INVESTIGATION OF TRANSCRIPTIONAL NETWORKS OF HUMAN PRIMORDIAL GERM CELLS WAS COMPLETED. A PORTION OF ARPA FUNDS, $150,000 WERE DISTRIBUTED TO THE INSTITUTE THROUGH MONTANA STATE AND CASCADE COUNTY PASSTHROUGH. THE INSTITUTE RECEIVED $1.02M IN CONTRIBUTIONS THAT INCLUDED $675,000 IN RESEARCH AND EDUCATION SUPPORT FROM AFFILIATE, TOURO UNIVERSITY. THESE FUNDS WERE UTILIZED TO SUPPORT ONGOING RESEARCH AS WELL AS FUNDAMENTAL INFRASTRUCTURE SUPPORT.

Program 2
Expenses: $31,050

THE INSTITUTE HOSTED ANOTHER BUSY AND SUCCESSFUL SUMMER INTERNSHIP PROGRAM DISTRIBUTING A TOTAL OF $31,050 IN SCHOLARSHIPS TO HIGH SCHOOL AND COLLEGE STUDENTS FOR 8-WEEKS OF BENCH SIDE RESEARCH &...

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THE INSTITUTE HOSTED ANOTHER BUSY AND SUCCESSFUL SUMMER INTERNSHIP PROGRAM DISTRIBUTING A TOTAL OF $31,050 IN SCHOLARSHIPS TO HIGH SCHOOL AND COLLEGE STUDENTS FOR 8-WEEKS OF BENCH SIDE RESEARCH & PRESENTATION. MEDICAL STUDENTS FROM NEIGHBORING TOURO COLLEGE OF OSTEOPATHIC MEDICINE (MT) JOINED THE RESEARCH EFFORTS THROUGH TEMPORARY POSITIONS AS WELL AS FIRST ROTATION OF FOUR STUDENTS IN THE MEDICAL SCIENTIST TRAINING PROGRAM.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,558,377
Program Service Revenue $307,884
Investment Income $13,865
Other Revenue $5,756
TOTAL REVENUE $3,885,882

Expense Breakdown

Grants Paid $31,050
Salaries & Benefits $2,819,839
Fundraising Expenses $69,834
Program Expenses $4,207,007
Other Expenses $1,957,369
TOTAL EXPENSES $4,808,258

Year-over-Year Comparison

2023 2022 Change
Revenue $3,885,882 $2,415,335 +0.6%
Expenses $4,808,258 $4,290,861 +0.1%
Net Income $-922,376 $-1,875,526 -0.5%
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
13
Independent Members
12
Employees
37
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
6
$577,802
Total Directors
13
$325,737
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDY GRAY CHAIRMAN 5.00
Officer Director
$0 $0 $0
MAXON DAVIS VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
BJARNE JOHNSON SECRETARY 1.00
Officer Director
$0 $0 $0
GARY BJELLAND BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID CAMERON PHD BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGE A CARLSON PHD BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL EICHWALD BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN LANE BOARD MEMBER 1.00
Director
$0 $0 $0
ERIK SLETTEN BOARD MEMBER 1.00
Director
$0 $0 $0
CATHIE TRONSON BOARD MEMBER 1.00
Director
$0 $0 $0
DR IRVING WEISSMAN BOARD MEMBER 1.00
Director
$0 $0 $0
GENE THAYER BOARD MEMBER 1.00
Director
$0 $0 $0
RENEE REIJO PERA DIRECTOR/CURRENT PRESIDENT 40.00
Officer Director
$297,816 $27,921 $325,737
MEGANNE CASEY VICE PRESIDENT OF OPERATIONS 40.00
Officer
$120,542 $34,018 $154,560
DEBORAH CABIN VICE PRESIDENT 40.00
Officer
$81,718 $15,787 $97,505
TERESA GUNN PROFESSOR 40.00
Highest
$124,896 $22,285 $147,181
TIFFFANY HENSLEY-MCBAIN ASSOCIATE PROFESSOR 40.00
Highest
$101,721 $20,057 $121,778
JOHAN MIKAEL KLINGEBORN ASSOCIATE PROFESSOR 40.00
Highest
$100,442 $20,370 $120,812
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 $3,885,882 $4,808,258 $14,103,641 $-922,376
2023 No data No data No data No data
2022 $7,636,768 $3,698,612 $15,630,159 $3,938,156
2021 $3,697,613 $2,360,443 $13,447,812 $1,337,170
2020 $2,881,556 $2,129,940 $11,010,365 $751,616
2019 $1,182,046 $2,152,102 $12,622,560 $-970,056
2019 $1,522,749 $2,131,446 $11,064,272 $-608,697
2018 $1,271,692 $2,260,719 $13,941,354 $-989,027
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