Parker Hughes Institute in Minneaplois, Minnesota (MN)

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Parker Hughes Institute
Employer Identification Number (EIN)411826484
Name of OrganizationParker Hughes Institute
In Care of NameNauni Manty Chapter 7 Ttee
Address510 1st Ave N, Minneaplois, MN 55403-1610
ActivitiesDescribed in section 509(a)(2) of the Code, Scientific research (diseases), Other medical research
SubsectionScientific Organization
Ruling Date07/2002
DeductibilityContributions are deductible
FoundationHospital or medical research organization
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$1 to $9,999
Income$1 to $9,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$2,556
Amount of Income$8,742
Form 990 Revenue Amount$8,742
National Taxonomy of Exempt Entities (NTEE)Medical Research: Cancer Research


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Amount of income in 2011: $8,742
Parker Hughes Institute: 

 $8,742
Other organizations performing similar types of work: 

 $6,990,408

Assets in 2011: $2,556
Parker Hughes Institute: 

 $2,556
Other organizations performing similar types of work: 

 $11,684,279

Expenses in 2011: $7,535
Parker Hughes Institute: 

 $7,535
Other organizations performing similar types of work: 

 $6,171,313

Income to expenses ratio in 2011: 1.2
This organization: 

 1.2
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2000: 83.7%
This organization: 

 83.7%
Other organizations performing similar types of work: 

 85.9%

Number of employees in 2000: 98
This organization: 

 98
Other organizations performing similar types of work: 

 67

Employees paid over $50,000 in 2000: 13.3%
Parker Hughes Institute: 

 13.3%
Other organizations performing similar types of work: 

 35.9%

Grants share in income in 2011: 0.0%
Parker Hughes Institute: 

 0.0%
Other organizations performing similar types of work: 

 59.9%

Financial snapshot ($)

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$8,742
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$8,742
Statement of Functional Expenses (for 2011)
Total functional expenses$7,535
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$7,535
Balance Sheet (for 2011)
Total assets$2,556
Total liabilities$0
Total net assets or fund balances$2,556
Retained earnings, endowment, accumulated income, or other funds$2,556
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii)
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000
Total revenue$7,107,169
Contributions, gifts, grants, and similar amounts received$2,986,994
Contributions to donor advised funds
Direct public support$248,396
Indirect public support$0
Government contributions (grants)$2,738,598
Program service revenue including government fees and contracts$2,000,000
Membership dues and assessments$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$1,228,976
Net rental income or (loss)$0
Gross rents$0
Less: rental expenses$0
Other investment income$0
Gain or (loss) from sales of assets other than inventory$880,264
Gross amount from sales of assets other than inventory$25,083,626
Less: cost or other basis and sales expenses$24,203,362
Net income or (loss) from special events and activities$0
Gross revenue$0
Less: direct expenses other than fundraising expenses$0
Gross profit or (loss) from sales of inventory$0
Gross sales of inventory, less returns and allowances$0
Less: cost of goods sold$0
Other revenue$10,935
Total expenses$13,739,446
Program services$11,506,727
Management and general$1,610,484
Fundraising$622,235
Payments to affiliates$0
Net assets or fund balances at end of year$23,806,867
Excess or (deficit) for the year$-6,632,277
Net assets or fund balances at beginning of year$32,194,135
Other changes in net assets or fund balances$-1,754,991
Statement of Functional Expenses (for 2000)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$13,739,446$11,506,727$1,610,484$622,235
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$1,989,886$1,735,754$216,136$37,996
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$2,763,930$2,181,585$498,535$83,810
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$302,395$249,607$44,749$8,039
Payroll taxes$357,926$280,853$67,532$9,541
Professional fundraising fees$0$0$0$0
Accounting fees$36,983$0$36,983$0
Legal fees$192,797$0$192,797$0
Supplies$160,959$127,594$25,907$7,458
Telephone$92,287$74,225$13,698$4,364
Postage and shipping$48,699$40,065$7,393$1,241
Occupancy$1,619,763$1,332,959$245,578$41,226
Equipment rental and maintenance$106,198$97,654$7,316$1,228
Printing and publications$79,640$64,684$6,991$7,965
Travel$63,860$50,141$5,682$8,037
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$1,151,586$947,393$174,842$29,351
Other expenses not covered above$4,772,537$4,324,213$66,345$381,979
Balance Sheets
2000
Total assets$32,672,663
Cash - non-interest-bearing$0
Savings and temporary cash investments$7,015,879
Accounts receivable less allowance for doubtful accounts$0
Pledges receivable less allowance for doubtful accounts$0
Grants receivable$457,481
Receivables from current and former officers, directors, trustees, and key employees$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0
Inventories for sale or use$0
Prepaid expenses and deferred charges$0
Investments - publicly-traded securities
Investments - other securities$18,722,000
Investments - land, buildings, and equipment less accumulated depreciation$0
Investments - other$0
Land, buildings, and equipment less accumulated depreciation$6,187,186
Other assets, including program-related investments$290,117
Total liabilities$8,865,796
Accounts payable and accrued expenses$1,333,071
Grants payable$0
Deferred revenue$7,484,375
Loans from officers, directors, trustees, and key employees$0
Tax-exempt bond liabilities$0
Mortgages and other notes payable$0
Other liabilities$48,350
Total liabilities and net assets/fund balances$32,672,663
Total net assets or fund balances$23,806,867
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000
Total revenue$7,107,169
Total revenue, gains, and other support per audited financial statements$5,352,178
Other expenses$-1,754,991
Net unrealized gains on investments$-1,754,991
Donated services and use of facilities$0
Recoveries of prior year grants$0
Other$0
Other revenue$0
Investment expenses$0
Other$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000
Total expenses$13,739,446
Total expenses and losses per audited financial statements$13,739,446
Other revenue$0
Donated services and use of facilities$0
Prior year adjustments$0
Losses$0
Other$0
Other expenses$0
Investment expenses$0
Other$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 200698
Analysis of Income-Producing Activities (for 2000)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$1,228,976$2,891,199
Program service revenue
Program service revenue 1000000$000$0$2,000,000
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,228,976$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$880,264
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$10,935
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2000)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2000)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$64,424$4,168$0
$74,952$4,719$0
$74,725$5,099$0
$70,577$5,256$0
$66,662$3,353$0
Total number of other employees paid over $50,0008
Statements About Activities (for 2000)
Expenses paid or incurred in connection with the lobbying activities$11,506
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
1999
Total$5,508,557
Gifts, grants, and contributions received$2,767,927
Membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$1,284,898
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$1,443,605
Net income from unrelated business activities not included above$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0
Other income$12,127
Lobbying Expenditures by Electing Public Charities (for 2000)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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1Dana-Farber Cancer Institute, Steven Connolly450 Brookline Ave, Boston, MA 02215-5418MA1962-04$1,059,403,088
2Health Research Incorporated, Riverview Center150 Broadway Ste 560, Menands, NY 12204-2726NY1955-03$947,974,176
3Fred Hutchinson Cancer Research CenterPO BOX 19024, Seattle, WA 98109-1024WA1972-05$478,556,173
4Wistar Institute Of Anatomy & Biology3601 Spruce St, Philadelphia, PA 19104-4205PA1946-11$139,518,000
5Ludwig Institute For Cancer Research9500 Gilman Drive, La Jolla, CA 92093-0660CA1971-08$106,821,104
6American Association For Cancer Research615 Chestnut St Fl 17, Philadelphia, PA 19106-4406PA1965-01$72,309,994
7Institute For Cancer Research333 Cottman Ave, Philadelphia, PA 19111-2434PA1944-12$64,498,907
8Van Andel Research Institute333 Bostwick Ave Ne, Grand Rapids, MI 49503-2518MI1997-07$64,017,267
9Cancer Research Institute IncOne Exchange Plz 55 Broadway Ste 18, New York, NY 10006NY1953-11$57,952,253
10Dana Farber Partners Cancer Care Inc450 Brookline Ave Bp418, Boston, MA 02215-5418MA1998-04$45,169,308
11Nsabp Foundation Inc2 Allegheny Center Suite 1200, Pittsburgh, PA 15212-5402PA1996-07$27,506,984
12Parker Hughes Institute510 1st Ave N, Minneaplois, MN 55403-1610MN2002-07$8,742
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14Triad Burden Of Illness Inc111 Speen Street, Framingham, MA 01701-2000MA2008-08$78,912
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16Cancer Nanotechnology Cure -Cancure820 N Mccadden Pl, Los Angeles, CA 90038-3421CA2007-11$0
17Florida Cancer Trials Inc3709 W Jetton Ave, Tampa, FL 33629-5111FL2004-09$0
18Greenville Health Fund Inc2308 Crooked Creek Road, Greenville, NC 27858NC2003-06$0
19Healthpath Research Institute Inc148 Babbling Brook Rd, Torrington, CT 06790-2165CT2004-07$0
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Number of organizations performing similar types of work
California7
Connecticut1
Florida1
Indiana1
Massachusetts4
Michigan1
Minnesota1
Montana1
North Carolina1
New York3
Pennsylvania6
Texas1
Virginia1
Washington1
Wisconsin1
Total31

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