Nonprofit · EIN 46-2953382
THE CALIFORNIA MEDICAL INNOVATIONS INSTITUTE INC
Tax-exempt · SAN DIEGO, CA 92121
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,104,330 | $6,687,385 | -$583,055 | $1,865,081 | $2,869,590 | -$1,004,509 |
| December 31, 2023 | 990 | $6,065,545 | $6,544,005 | -$478,460 | $2,633,857 | $3,055,311 | -$421,454 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,906,916
- of which government grants
- $5,906,916
- Program service revenue
- $168,529
- Investment income
- $28,311
- Other revenue
- $574
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $362,874
- Other salaries and wages
- $1,794,814
- Salaries, compensation and benefits (total)
- $2,764,408
- Professional fundraising fees
- $0
- Legal fees
- $30,982
- Accounting fees
- $18,100
- Occupancy
- $670,760
- Travel
- $71,407
- Depreciation
- $20,927
- Program services (functional)
- $5,950,963
- Management and general (functional)
- $736,422
Balance sheet and other
- Total assets, start of year
- $2,633,857
- Total assets, end of year
- $1,865,081
- Total liabilities, end of year
- $2,869,590
- Net assets, end of year
- -$1,004,509
- Land, buildings and equipment
- $59,364
- Net assets without donor restrictions
- -$1,125,007
- Net assets with donor restrictions
- $120,498
- Gross unrelated business income
- $168,529
- Gross receipts
- $6,104,330
- Employees
- 29
- Year formed
- 2013
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Ghassan Kassab | Chairman Trustee or director, Officer | 30 | $196,075 | $51,355 |
| BHAVESH PATEL | ASSC RESEARCH PROF | 40 | $183,964 | $31,864 |
| JENNY CHOY | RESEARCH PROFESSOR | 40 | $143,103 | $27,248 |
| ISMAIL QADDOURA | IT MANAGER | 40 | $111,393 | $35,126 |
| SANJAY SOUNDARAJAN | ASSC RESEARCH PROF | 40 | $121,194 | $17,971 |
| CHRISTOPHER MARROQUIN | SOFTWARE DEVELOPER | 40 | $107,000 | $17,384 |
| HANS GREGERSEN | President & CEO Trustee or director, Officer | 40 | $91,031 | $24,413 |
| JULIUS GUCCIONE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ABDULKADER RAHMO | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Ghassan Kassab | Chairman Trustee or director, Officer | 30 | $204,969 | $49,713 |
| HANS GREGERSEN | President & CEO Trustee or director, Officer | 40 | $199,374 | $35,169 |
| BHAVESH PATEL | ASSC RESEARCH PROF | 40 | $153,628 | $28,042 |
| JENNY CHOY | RESEARCH PROFESSOR | 40 | $136,449 | $25,435 |
| ISMAIL QADDOURA | IT MANAGER | 40 | $107,194 | $32,535 |
| SANJAY SOUNDARAJAN | ASSC RESEARCH PROF | 40 | $104,764 | $15,835 |
| LIGIA AMEZCUA THRU JUNE 2023 | Sec/CFO Officer | 40 | $64,116 | $12,495 |
| JULIUS GUCCIONE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ABDULKADER RAHMO | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 11107 ROSELLE ST STE 211, SAN DIEGO, CA 92121-1206
- In care of
- % GHASSAN S KASSAB
- Principal officer (990 for 2024)
- Ghassan Kassab, 11107 ROSELLE STREET 211, SAN DIEGO, CA 92121
- Signed the 990
- Ghassan Kassab, Chairman
- Phone
- (858) 249-7407
- Return prepared by
- Leaf & Cole LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 46-2953382 or by the name THE CALIFORNIA MEDICAL INNOVATIONS INSTITUTE INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
The Institute is a scientific research center dedicated to conducting basic and applied research to advance the understanding of human disease and the improvement of human health. The Institute fosters an innovative research environment with a multidisciplinary and collaborative approach to the discovery process - bringing together physical and life science researchers, clinicians, engineers/ and computational scientists to address the significant health care challenges of heart and vascular disease, obesity, and metabolic disorders through a multi-scale understanding of organ systems. Institute researchers have expertise in both experimental and computational disciplines. The former utilizes the experimental reductionist approach to dissect the biological system into its molecular, cellular and tissue components. The latter use a computational integrative approach to synthesize the parts using laws of physics and chemistry to understand the whole organ. The Institutes multi-discipline
Program accomplishments
- THE INSTITUTE HAS MADE SUBSTANTIAL PROGRESS IN MORE FULLY UNDERSTANDING, ANDDEVELOPING DIAGNOSTIC AND THERAPEUTIC APPROACHES FOR THE MULTIPLE ASPECTS OF HEART FAILURE. THE INSTITUTE HAS ALSO MADE SIGNIFICANT PROGRESS IN THE UNDERSTANDING ANDTREATMENT OF VASCULAR DISEASE, INCLUDING WORK ADVANCING NEXT GENERATION DIAGNOSTICSFOR CORONARY AND PERIPHERAL ARTERY DISEASE AND THERAPEUTICS FOR NEO-VASCULARIZATION OF VEINS, BIOMATERIAL TISSUE CONSTRUCTS TO REPLACE ARTERIES OR VEINS, AND PERCUTANEOUS PROSTHETIC VENOUS VALVES TO TREAT CHRONIC VENOUS INSUFFICIENCY. DURING THE YEAR, THE RESEARCH STAFF AT THE INSTITUTE REGULARLY PRESENTED ITS SCIENTIFIC FINDINGS TO THE PUBLIC VIA PANELS, LECTURES, PUBLICATIONS, AND OTHER SIMILAR PROGRAMS.Expenses $5,950,963 · revenue $168,529
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-2953382
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $1,865,081
- Income (IRS master file)
- $6,104,330
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,104,330 | $6,687,385 | $1,865,081 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $6,065,545 | $6,544,005 | $2,633,857 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $4,347,402 | $5,185,091 | $3,274,586 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-2953382).
Questions about THE CALIFORNIA MEDICAL INNOVATIONS INSTITUTE INC
- What is the EIN of THE CALIFORNIA MEDICAL INNOVATIONS INSTITUTE INC?
- The employer identification number (EIN) of THE CALIFORNIA MEDICAL INNOVATIONS INSTITUTE INC is 46-2953382.
- Is THE CALIFORNIA MEDICAL INNOVATIONS INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to THE CALIFORNIA MEDICAL INNOVATIONS INSTITUTE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE CALIFORNIA MEDICAL INNOVATIONS INSTITUTE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE CALIFORNIA MEDICAL INNOVATIONS INSTITUTE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE CALIFORNIA MEDICAL INNOVATIONS INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE CALIFORNIA MEDICAL INNOVATIONS INSTITUTE INC?
- The 990 for the year ended December 31, 2024 names Ghassan Kassab.
- Who are the officers and directors of THE CALIFORNIA MEDICAL INNOVATIONS INSTITUTE INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 7 received compensation from the organization, the highest $196,075 (Ghassan Kassab, Chairman).
- How much revenue does THE CALIFORNIA MEDICAL INNOVATIONS INSTITUTE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,104,330, expenses of $6,687,385 and total assets of $1,865,081 at year end.
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