THE MIND RESEARCH NETWORK

EIN: 850457562 501(c)(3)

ALBUQUERQUE, NM

Total Revenue
$13,923,047
Total Expenses
$13,899,566
Total Assets
$3,071,604
Net Assets
$1,173,030
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NM
Principal Officer
ROBERT W RUBIN
Phone
5053489361
Tax Period
2018-09-29 to 2019-09-27

THE MIND RESEARCH NETWORK, founded in 1998, is a mid-sized nonprofit that reported $13.9M in total revenue in fiscal year 2018.

Mission

MRN IS DEDICATED TO THE DISCOVERY AND ADVANCEMENT OF CLINICAL SOLUTIONS FOR THE PREVENTION, DIAGNOSIS AND TREATMENT OF MENTAL ILLNESS AND OTHER BRAIN DISORDERS. MRN IS A CONTROLLED ENTITY OF LOVELACE BIOMEDICAL RESEARCH INSTITUTE BASED IN ALBUQUERQUE, NM.

Program Service Accomplishments

Program 1
Expenses: $11,127,818 Revenue: $447,573

THE MIND RESEARCH NETWORK IS DEDICATED TO THE DISCOVERY AND ADVANCEMENT OF CLINICAL SOLUTIONS FOR THE PREVENTION, DIAGNOSIS AND TREATMENT OF MENTAL ILLNESS AND OTHER BRAIN DISORDERS. WHEN THE MIND...

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THE MIND RESEARCH NETWORK IS DEDICATED TO THE DISCOVERY AND ADVANCEMENT OF CLINICAL SOLUTIONS FOR THE PREVENTION, DIAGNOSIS AND TREATMENT OF MENTAL ILLNESS AND OTHER BRAIN DISORDERS. WHEN THE MIND RESEARCH NETWORK (MRN) WAS ESTABLISHED IN 1998 AS AN INDEPENDENT NON-PROFIT RESEARCH ORGANIZATION, ITS PROGRAMS OF INVESTIGATION WERE AIMED AT PROJECTS IN CLINICAL, COGNITIVE, AND BASIC NEUROSCIENCE USING AN ARRAY OF IMAGING TECHNOLOGIES TO INVESTIGATE THE WORKING BRAIN, BOTH FOR NORMAL SUBJECTS, AS WELL AS THOSE AFFLICTED BY BRAIN DISEASE. THESE TECHNOLOGIES INCLUDED STRUCTURAL MAGNETIC RESONANCE (SMR), FUNCTIONAL MAGNETIC RESONANCE (FMR), MAGNETOENCEPHALOGRAPHY (MEG), MAGNETIC RESONANCE SPECTROSCOPY (MRS), AND OPTICAL IMAGING. WHILE EACH TECHNOLOGY ALONE HAS LIMITATIONS, MRN HAS WORKED VIGOROUSLY TO DEVELOP TECHNIQUES THAT COMBINE THESE MULTIPLE TOOLS TO YIELD A MORE COMPLETE AND COMPREHENSIVE "MULTI-MODAL" APPROACH THAN IS POSSIBLE USING THE SAME TOOLS INDIVIDUALLY.BUILDING ON THESE STRENGTHS, THE ORGANIZATION HAS INTEGRATED GENETIC ANALYSIS AND CLINICAL ASSESSMENTS WITH STRUCTURAL AND FUNCTION IMAGING DATA TO ADVANCE THE EARLY DIAGNOSIS OF MENTAL ILLNESS. MRN'S LONG-TERM GOAL IS TO ADVANCE CLINICAL SOLUTIONS THAT WILL IMPROVE OUTCOMES FOR PATIENTS WITH MENTAL ILLNESS OR BRAIN DISORDERS. COLLECTIVELY, MILLIONS OF YEARS OF POTENTIALLY PRODUCTIVE LIFE ARE LOST TO MENTAL ILLNESS AND BRAIN DISORDERS, MAKING RESEARCH ON EARLY DIAGNOSIS AND PREVENTION ONE OF THE TOP PRIORITIES FOR THE NATIONAL INSTITUTES OF HEALTH.MRN'S RESEARCH PORTFOLIO IS COMPRISED OF OVER 50 CONTRACTS, GRANTS, AND SUBAWARDS VALUED AT APPROXIMATELY $84M AND SPANNING SEVERAL THEMATIC AREAS: (1) PSYCHOSIS (E.G., SCHIZOPHRENIA), (2) SUBSTANCE ABUSE DISORDERS AND ADDICTION, (3) CONDUCT DISORDERS/ANTI-SOCIAL PERSONALITY DISORDERS, (4) NEURODEVELOPMENT DISORDERS (E.G., AUTISM, ADD/ADHD). IN ADDITION, MRN IS INVOLVED IN RESEARCH ON HUMAN FACTORS AND PERFORMANCE, INCLUDING CREATIVITY, TBI/PTSD, AND ENHANCED FUNCTIONING. MAJOR SPONSORS ARE THE NATIONAL INSTITUTES OF HEALTH, NATIONAL SCIENCE FOUNDATION, AND OTHER FEDERAL AGENCIES. MRN EMPLOYS APPROXIMATELY 120 STAFF AND CONTRACT PERSONNEL.

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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 (2018)

Revenue Breakdown

Contributions & Grants $13,463,452
Program Service Revenue $447,573
Investment Income $12,022
Other Revenue $0
TOTAL REVENUE $13,923,047

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,457,051
Fundraising Expenses $0
Program Expenses $11,127,818
Other Expenses $7,442,515
TOTAL EXPENSES $13,899,566

Year-over-Year Comparison

2018 2017 Change
Revenue $13,923,047 $13,760,954 +0.0%
Expenses $13,899,566 $14,753,079 -0.1%
Net Income $23,481 $-992,125 -1.0%
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
7
Independent Members
4
Employees
126
Volunteers
25

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
5
$2,316,005
Total Directors
8
$2,130,961
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT RUBIN PHD CHAIRMAN OF THE BOARD 2.00
Officer Director
$0 $38,942 $816,914
SHANNON TOMA CPA EXECUTIVE VP, CFO 2.00
Officer Director
$0 $38,942 $541,054
KENT KIEHL PHD EXECUTIVE SCIENCE OFFICER 40.00
Officer Director
$365,852 $30,529 $396,381
VINCE CALHOUN PHD ESO, PRESIDENT (THROUGH 5/30/19) 40.00
Officer Director
$346,117 $30,495 $376,612
HANK SCHWARTZ MD TRUSTEE 2.00
Director
$0 $0 $0
CHRIS SPENCER CPA TRUSTEE 2.00
Director
$0 $0 $0
SARA EASTERSON-BOND TRUSTEE 2.00
Director
$0 $0 $0
JACKIE LOVELACE JOHNSON TRUSTEE 2.00
Director
$0 $0 $0
JODY ROBERTS CHIEF OPERATING OFFICER 40.00
Officer
$171,101 $13,943 $185,044
ANDREW MAYER PHD DIRECTOR OF TRAUMA 40.00
Highest
$171,164 $28,804 $199,968
JEFFREY LEWINE PHD DIR OF BUS DEV (THROUGH 10/6/18) 40.00
Highest
$123,891 $17,783 $141,674
ARVIND CAPRIHAN ASSOCIATE PROFESSOR-TRANSN 40.00
Highest
$128,753 $10,773 $139,526
ERIC CLAUS ASSISTANT PROFESSOR-TRANSN 40.00
Highest
$119,092 $19,192 $138,284
ERIC VERNER SENIOR DATA SCIENTIST 40.00
Highest
$104,992 $21,044 $126,036
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
2019 $13,923,047 $13,899,566 $3,071,604 $23,481
2018 $13,760,954 $14,753,079 $2,981,037 $-992,125
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