Overview
What is Biomedical Research Institute Of New Mexico?
The Biomedical Research Institute of New Mexico (BRINM) is a nonprofit organization situated in Albuquerque, New Mexico, with a workforce of 66 individuals. Their primary mission is to advance scientific research and education, ultimately enhancing healthcare, medical treatment, and the quality of life for veterans and the general public. To achieve this goal, BRINM focuses on promoting leading-edge medicine through clinical trials, ensuring the continuity of its institutional knowledge even amidst personnel changes. In response to the departure of key administrative personnel, BRINM retained the assistance of an executive director and an external accountant. This move led to increased accountancy accuracy and project management, resulting in fewer audit findings. The institute also expanded infrastructure for its clinical trials, making it more conducive to conducting groundbreaking research. BRINM serves as a flexible funding mechanism for various projects, such as research into opiate addiction, phentermine trials, stroke prevention, and lowering lipid levels in older adults. The organization is currently considering the divestment of its CSP building to further its mission. Overall, BRINM is dedicated to fostering high-quality research and education, ultimately benefiting our nation's veterans and society at large.
Official website here: www.brinm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Biomedical Research Institute of New Mexico has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 96%, the organization demonstrates robust governance practices, including having a fully independent board and a comprehensive set of policies that promote transparency and ethical operations.
Key strengths of the institute include a high percentage of program expenses (89.67%), indicating that most of its resources are dedicated to its mission rather than administrative costs. Additionally, the organization has no recorded material diversion of assets, which underscores its commitment to responsible financial management. The presence of various oversight mechanisms, such as an audit and oversight committee, further enhances its credibility.
While the data showcases impressive financial accountability, specific programmatic outcomes and impacts are not detailed in the rating summary. This limitation may leave potential donors and stakeholders wanting more information about the institute's effectiveness in achieving its research objectives and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Biomedical Research Institute Of New Mexico legitimate?
Biomedical Research Institute Of New Mexico is a legitimate nonprofit organization registered as a 501(c)(3) entity. Biomedical Research Institute Of New Mexico submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $138,929
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,951,190
For more financial information, click here
Official website here: www.brinm.org
What is the mission statement of Biomedical Research Institute Of New Mexico?
The Biomedical Research Institute of New Mexico's mission is centered around promoting high-quality scientific research and education, aiming to enhance healthcare, medical treatment, and improve the quality of life for veterans, ultimately benefiting the general public as well. Their activities are focused on conducting research that could lead to improvements in various health conditions. The institute also prioritizes education, contributing to the advancement of knowledge in the medical field. Their goal is to make significant strides in healthcare and medical treatment, ultimately benefiting a wide range of individuals. The institute has also been working on increasing infrastructure for clinical trials, providing access to leading-edge medicine. They are also exploring options to divest from certain buildings, while continuing to serve as a flexible funding mechanism for numerous research projects, including those focused on opiate addiction, stroke prevention, and lowering lipid levels in older adults.
Official website here: www.brinm.org
Who is the CEO of Biomedical Research Institute Of New Mexico?
Brent Wagner is the President of Biomedical Research Institute Of New Mexico.
Official website here: www.brinm.org
What is the revenue of Biomedical Research Institute Of New Mexico?
Biomedical Research Institute Of New Mexico's revenue in 2022 was $6,553,056.
Official website here: www.brinm.org
Who are the executives of Biomedical Research Institute Of New Mexico and what are their salaries?
The average compensation at Biomedical Research Institute Of New Mexico during 2022 was $46,820. There are 66 employees at Biomedical Research Institute Of New Mexico.
Here are 14 key members and their salaries:
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- Compensation: $120,552
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- Compensation: $117,209
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- Other: $5,909
- Compensation: $102,621
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- Other: $29,901
Official website here: www.brinm.org
Where can I find the form 990 for Biomedical Research Institute Of New Mexico?
Biomedical Research Institute Of New Mexico's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brinm.org
Learn more at the official website: www.brinm.org
Mission Statement of Biomedical Research Institute Of New Mexico
The Biomedical Research Institute of New Mexico, in its mission, strives to promote high-quality scientific research and education with the ultimate goal of enhancing healthcare, medical treatment, and improving the quality of life for both veterans and the general public. This nonprofit organization is dedicated to conducting research that can lead to significant advancements in various medical fields, ultimately benefiting a wide range of individuals. By focusing on scientific research and education, the Biomedical Research Institute of New Mexico aims to contribute to the development of innovative treatments and therapies, thereby improving healthcare for various patient populations.
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Impact
July, 2024
The Biomedical Research Institute Of New Mexico is making a significant impact by promoting high-quality scientific research and education to improve healthcare, medical treatment, and the quality of life for our nation's veterans and the general public. They have played a key role in retaining institutional knowledge and ensuring continuity through the attrition of key administrative personnel. Additionally, their efforts in project accounting have led to more accurate financial management and less findings in audits.
Furthermore, the institute's focus on clinical trials has enabled them to provide cutting-edge medicine to veterans, contributing to advancements in healthcare. They have also been a flexible funding mechanism for various research projects, including those related to opiate addiction, stroke prevention, and lowering lipid levels in older adults. Through their dedication to research and education, the Biomedical Research Institute Of New Mexico is driving innovation and making a difference in the field of medical research.
This information is meant to be a general summary of Biomedical Research Institute Of New Mexico. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $20,699
- Gross Receipts: $6,553,056
Assets and Liabilities:
- Total Assets: $14,769,890
- Total Liabilities: $6,252,795
- Net Assets: $8,517,095
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Organization Details
Founding Year
1989
Phone
(505) 260-1033Principal Officer
Brent Wagner
Main Address
1501 SAN PEDRO DR SE BLDG 14151, ALBUQUERQUE, NM, 87018
Website
www.brinm.orgNTEE Category
Code: H99E - Medical research
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