Heritage Medical Research Institute
Heritage Medical Research Institute reported $10.1 million in revenue and $6.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $98.11 went to program services, $1.89 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 71.8% of the total. The highest compensation it reported for one person was $269,050 (RESEARCH ASSOCIATE). 2 people received more than $100,000 in reportable compensation. Revenue fell 87% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $6.6MFor context, the median across 169 covered medical research charities: $87.02 programs, $12.87 management, $0.11 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $10MOther revenue was negative: −$160K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 98.1% | 83.9% |
| Management & general Part IX 25(C) ÷ 25(A) | 1.9% | 12.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.1% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 29.8% | 72.7% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 5.8% |
| Highest reported compensation Part VII-A, columns D–F | $269,050 | $628,890 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 4.06% | 1.94% |
| People paid over $100,000 Part VII, line 2 | 2 | 18 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 481.5 | 13.3 |
| Independent voting board members Part VI 1a–1b | 0 of 3 | 93.8% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseMedical Research re: conjestive heart failure & obstructive pulmonary diseaseresearch data connected to patient outcomes under various treatment methodologies. Collection of hospital admissions and outcome records. To support and advance translational research in the areas of basic and clinical science under the highest ethical and medical standards to identify and implement new innovative approaches and methodologies to diagnose, treat and/or manage the care of diseases to relieve suffering, improve outcomes, reduce costs and increase the overall value and accessibility of health care to…
Diabetic foot ulcer clinical study re: evaluation of windowed casts with and without regranex gel for healing diabetic neuropathic ulcers
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| RESEARCH ASSOCIATE Highest compensated employee, 40.00 hrs/week | $269,050 | $0 | $0 | $269,050 |
| PHYSICIAN Key employee, 40.00 hrs/week | $218,077 | $0 | $0 | $218,077 |
2 people received more than $100,000 in reportable compensation from Heritage Medical Research Institute (Part VII, line 2). Compensation of current officers, directors and key employees totaled $487K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b3 · 0 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aNo
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 52
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| JSL CORPORATION CONSULTING Medical consulting | $970,785 |
| SILVER CANYON SERVICES INC Management services | $260,986 |
Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Heritage Medical Research Institute's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Heritage Medical Research Institute, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Heritage Medical Research Institute spent in FY2025, $98.11 went to programs. The full breakdown, from its IRS Form 990:
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All medical research charities · Largest charities in California
Questions people ask
How much of Heritage Medical Research Institute's spending goes to programs?
In the fiscal year ending June 30, 2025, Heritage Medical Research Institute reported that 98.1% of its $6.6 million in expenses went to program services, 1.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Heritage Medical Research Institute pay its top executive?
The largest total compensation Heritage Medical Research Institute reported for one person in the fiscal year ending June 30, 2025 was $269,050, for the role of RESEARCH ASSOCIATE (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Heritage Medical Research Institute get its money?
Of $10.1 million in revenue in the fiscal year ending June 30, 2025, 29.8% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Heritage Medical Research Institute a registered charity?
The IRS lists EIN 55-0839353 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631339349306828 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202500459349302300 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401359349306385 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301359349315555 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201339349309995 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111349349300031 · read the filing
All filings for EIN 55-0839353: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.