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Indiana Institute For Medical Research Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Medical Research / Unknown (H00J) (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.38M (2023)

Expenses
$1.49M (2023)

Total Assets
$2.31M (2023)

Total Liabilities
$141k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,382,989
Expenses
$1,493,633
Net Income
-$110,644
Net Assets
$2,168,208
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,342,266
97.1%
Program Services $0
Investment Income $40,723
2.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $425,549
28.5%
Assets/Debt
Total Assets $2,309,587
Total Liabilities $141,379
Net Assets $2,168,208
Compensation
Key Employees and Officers Compensation Related Other
Timothy Ramsey (Executive Di) $171,688 $0 $0
Elizabeth Verhagen (Assoc Dir/Co) $149,406 $0 $0
David Mathews Md (Director) $0 $152,042 $115,123
Michael Hershman (Director) $0 $206,388 $55,373
David Silver Do (Director) $0 $144,642 $111,248
Suthat Liangpunsakul Md (Director) $0 $98,912 $57,991
Mary Harden (Chairman/Dir) $0 $0 $0
Tom Sharp Md (Director) $0 $0 $0
John Merriweather (Director) $0 $0 $0
Bryan Larsen Phd (Secretary/Tr) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,489,124
Expenses
$1,630,771
Net Income
-$141,647
Net Assets
$2,239,258
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,455,727
97.8%
Program Services $0
Investment Income $33,397
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $273,752
16.8%
Assets/Debt
Total Assets $2,410,876
Total Liabilities $171,618
Net Assets $2,239,258
Compensation
Key Employees and Officers Compensation Related Other
Elizabeth Verhagen (Assoc Dir/Co) $129,153 $0 $0
Mary Gray (Executive Di) $49,544 $0 $0
Timothy Ramsey (Executive Di) $33,017 $0 $0
David Mathews Md (Director) $0 $137,944 $108,150
David Silver Do (Director) $0 $133,245 $102,045
Suthat Liangpunsakul Md (Director) $0 $90,220 $54,655
Laura Ruzick (Director) $0 $66,571 $22,724
Michael Hershman (Director) $0 $61,152 $13,994
Mary Harden (Chairman/Dir) $0 $0 $0
Bryan Larsen Phd (Secretary/Tr) $0 $0 $0
John Merriweather (Director) $0 $0 $0
Tom Sharp Md (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,140,954
Expenses
$1,239,302
Net Income
-$98,348
Net Assets
$2,569,035
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,103,790
96.7%
Program Services $0
Investment Income $37,164
3.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $283,660
22.9%
Assets/Debt
Total Assets $2,711,887
Total Liabilities $142,852
Net Assets $2,569,035
Compensation
Key Employees and Officers Compensation Related Other
Mary Gray (Executive Di) $138,310 $0 $0
Elizabeth Verhagen (Assoc Dir/Co) $104,224 $0 $0
Laura Ruzik (Director) $0 $185,806 $56,530
David Silver Do (Director) $0 $127,125 $92,450
David Mathews Md (Director) $0 $133,942 $103,663
Suthat Liangpunsakul Md (Director) $0 $87,200 $51,950
Sunil Tholpady Md (Director) $0 $0 $0
Mary Harden (Chairman/Dir) $0 $0 $0
Bryan Larsen Phd (Secretary/Tr) $0 $0 $0
John Merriweather (Director) $0 $0 $0
Tom Sharp Md (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$839,762
Expenses
$1,040,532
Net Income
-$200,770
Net Assets
$2,728,597
Notable Sources of Revenue Percent of Total Revenue
Contributions $791,636
94.3%
Program Services $0
Investment Income $48,126
5.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $271,024
26.0%
Assets/Debt
Total Assets $2,759,555
Total Liabilities $30,958
Net Assets $2,728,597
Compensation
Key Employees and Officers Compensation Related Other
Mary Gray (Executive Di) $134,281 $0 $0
Elizabeth Verhagen (Assoc Dir/Co) $101,189 $0 $0
David Mathews Md (Director) $0 $130,048 $89,142
Helen Fosmire Md (Director) $0 $121,909 $90,533
Laura Ruzik (Director) $0 $163,234 $42,835
Suthat Liangpunsakul Md (Director) $0 $90,047 $41,186
Michael Noone (Director) $0 $0 $0
Mary Harden (Chairman/Dir) $0 $0 $0
Bryan Larsen Phd (Secretary/Tr) $0 $0 $0
John Merriweather (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$953,710
Expenses
$856,800
Net Income
$96,910
Net Assets
$2,886,318
Notable Sources of Revenue Percent of Total Revenue
Contributions $898,183
94.2%
Program Services $0
Investment Income $55,507
5.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $20
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $125,511
14.6%
Professional Fundraising Fees $0
Other Salaries and Wages $122,210
14.3%
Assets/Debt
Total Assets $2,947,514
Total Liabilities $61,196
Net Assets $2,886,318
Compensation
Key Employees and Officers Compensation Related Other
Mary Gray (Executive Di) $125,511 $0 $0
Helen Fosmire Md (Director) $0 $118,021 $82,975
Carol Jones (Director) $0 $149,219 $21,119
Laura Ruzik (Director) $0 $124,882 $34,224
Suthat Liangpunsakul Md (Director) $0 $87,487 $51,100
Michael Noone (Director) $0 $0 $0
Mary Harden (Chairman/Dir) $0 $0 $0
Bryan Larsen Phd (Secretary/Tr) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$627,043
Expenses
$525,879
Net Income
$101,164
Net Assets
$2,706,857
Notable Sources of Revenue Percent of Total Revenue
Contributions $571,410
91.1%
Program Services $0
Investment Income $55,633
8.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $149,984
28.5%
Assets/Debt
Total Assets $2,725,195
Total Liabilities $18,338
Net Assets $2,706,857
Compensation
Key Employees and Officers Compensation Related Other
Mary Gray (Executive Di) $81,994 $0 $0
John T Callaghan (Director) $0 $236,938 $18,500
Thomas Sharp Md (Chairman/Dir) $0 $214,349 $50,252
Brian Hancock (Director) $0 $0 $0
Imtiaz Munshi (Director) $0 $0 $0
Mary Harden (Secretary/Tr) $0 $0 $0
Michael Noone (Director) $0 $0 $0
Carol Jones (Director) $0 $0 $0
Bryan Larsen (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$278,835
Expenses
$400,511
Net Income
-$121,676
Net Assets
$2,654,806
Notable Sources of Revenue Percent of Total Revenue
Contributions $225,609
80.9%
Program Services $0
Investment Income $53,226
19.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $130,360
32.5%
Assets/Debt
Total Assets $2,657,199
Total Liabilities $2,393
Net Assets $2,654,806
Compensation
Key Employees and Officers Compensation Related Other
Mary Gray (Executive Di) $79,612 $0 $0
Thomas Sharp Md (Chairman/Dir) $0 $332,804 $70,365
John T Callaghan (Director) $0 $237,367 $39,594
Brian Hancock (Director) $0 $0 $0
Imtiaz Munshi (Director) $0 $0 $0
Mary Harden (Director) $0 $0 $0
Michael Noone (Director) $0 $0 $0
Lori Tanaka (Secretary/Tr) $0 $0 $0
Dione Farria (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$176,265
Expenses
$355,462
Net Income
-$179,197
Net Assets
$2,805,245
Notable Sources of Revenue Percent of Total Revenue
Contributions $121,481
68.9%
Program Services $0
Investment Income $54,784
31.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $126,888
35.7%
Assets/Debt
Total Assets $2,839,819
Total Liabilities $34,574
Net Assets $2,805,245
Compensation
Key Employees and Officers Compensation Related Other
Thomas Sharp Md (Chairman/Dir) $0 $358,380 $78,484
Chowdry Bashir (Director) $0 $285,448 $64,503
John T Callaghan (Director) $0 $221,581 $38,986
Brian Hancock (Director) $0 $214,718 $43,916
Michele Wagner (Director) $0 $0 $0
Imtiaz Munshi (Director) $0 $0 $0
Mary Harden (Director) $0 $0 $0
Michael Noone (Director) $0 $0 $0
Lori Tanaka (Secretary/Tr) $0 $0 $0
Mary Gray (Executive Di) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$505,712
Expenses
$338,645
Net Income
$167,067
Net Assets
$2,958,774
Notable Sources of Revenue Percent of Total Revenue
Contributions $450,115
89.0%
Program Services $0
Investment Income $55,597
11.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $58,352
17.2%
Professional Fundraising Fees $0
Other Salaries and Wages $39,000
11.5%
Assets/Debt
Total Assets $2,962,510
Total Liabilities $3,736
Net Assets $2,958,774
Compensation
Key Employees and Officers Compensation Related Other
Mary Gray (Executive Di) $49,052 $0 $0
Marta Sears (Executive Di) $9,300 $94,152 $24,877
Thomas Sharp Md (Chairman/Dir) $0 $352,645 $75,165
Chowdry Bashir (Director) $0 $290,321 $65,164
John T Callaghan (Director) $0 $221,664 $37,414
Ginny Creasman (Director) $0 $149,364 $36,327
Cheryl Stultz (Director) $0 $124,210 $34,297
Thomas Mattice (Director) $0 $99,154 $20,710
Lori Tanaka (Secretary/Tr) $0 $0 $0
Mary Harden (Director) $0 $0 $0
Michael Noone (Director) $0 $0 $0
Brian Hancock (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$258,596
Expenses
$326,779
Net Income
-$68,183
Net Assets
$2,806,540
Notable Sources of Revenue Percent of Total Revenue
Contributions $198,394
76.7%
Program Services $0
Investment Income $60,202
23.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $15,500
4.7%
Professional Fundraising Fees $0
Other Salaries and Wages $42,630
13.0%
Assets/Debt
Total Assets $2,820,772
Total Liabilities $14,232
Net Assets $2,806,540
Compensation
Key Employees and Officers Compensation Related Other
Marta Sears (Executive Di) $15,500 $91,212 $23,639
Thomas Sharp Md (Chairman/Dir) $0 $336,177 $70,770
Chowdry Bashir (Director) $0 $272,761 $32,143
John T Callaghan (Director) $0 $219,572 $32,901
Thomas Mattice (Director) $0 $164,074 $39,404
Cheryl Stultz (Director) $0 $118,231 $32,533
Lori Tanaka (Director) $0 $0 $0
Mary Harden (Director) $0 $0 $0
Michael Noone (Secretary Tr) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$235,472
Expenses
$267,049
Net Income
-$31,577
Net Assets
$2,896,662
Notable Sources of Revenue Percent of Total Revenue
Contributions $161,571
68.6%
Program Services $0
Investment Income $73,901
31.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $15,500
5.8%
Professional Fundraising Fees $0
Other Salaries and Wages $36,638
13.7%
Assets/Debt
Total Assets $2,910,664
Total Liabilities $14,002
Net Assets $2,896,662
Compensation
Key Employees and Officers Compensation Related Other
Marta Sears (Executive Di) $15,500 $84,924 $25,860
Thomas Sharp Md (Chairman/Dir) $0 $342,342 $69,132
Chowdry Bashir (Director) $0 $263,843 $55,071
Thomas Mattice (Director) $0 $161,608 $38,142
Cheryl Stultz (Director) $0 $115,116 $31,295
David Crabb (Director) $0 $0 $0
John T Callaghan (Director) $0 $0 $0
Mary Harden (Director) $0 $0 $0
Michael Noone (Secretary Tr) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$668,693
Expenses
$517,008
Net Income
$151,685
Net Assets
$2,968,501
Notable Sources of Revenue Percent of Total Revenue
Contributions $588,025
87.9%
Program Services $0
Investment Income $80,668
12.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $15,500
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $48,023
9.3%
Assets/Debt
Total Assets $3,001,074
Total Liabilities $32,573
Net Assets $2,968,501

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$496,633
Expenses
$462,229
Net Income
$34,404
Net Assets
$2,798,941
Notable Sources of Revenue Percent of Total Revenue
Contributions $408,456
82.2%
Program Services $0
Investment Income $86,424
17.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,753
0.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $15,500
3.4%
Professional Fundraising Fees $0
Other Salaries and Wages $102,433
22.2%
Assets/Debt
Total Assets $2,818,008
Total Liabilities $19,067
Net Assets $2,798,941

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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