Virginia Mason Research Center

Date:
1977-1979
Reference:
PP/CRI/E/1/27/3
Catalogue details

Licence: In copyright

Credit: Virginia Mason Research Center. Source: Wellcome Collection.

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    Financial Report The Virginia Mason Foundation for Medical Education and Research, doing business as the Virginia Mason Research Center, was incorporated as a nonprofit charitable organization on March 8,1956. The Research Center was created — and exists today — to assist the physician and scientist in performing medical research directed toward disease prevention and improved health and patient care. STATEMENT OF OPERATIONS (in thousands) Revenues Project Revenues Donations - Unrestricted Other Income Expenses Total Project Costs Investigator Support ® Other Operating Expenses 1977 $1,390.8 215.8 51.6 $1,658.2 $1,390.8 222.5 128.0 1976 $ 984.7 138.3 48.5 $1,171.5 Net Operating Income (Loss) Restricted Fund Balances Endowment Fund Unappropriated Surplus ANALYSIS OF FUND BALANCE AND SURPLUS (in thousands) Sources 1/1/77 Balance $ 550.8 144.6 636.7 $1,332.1 Uses 12/31/77 Balance $(139.9)® $ 512.0 © 1798 $( 83.1) u _ 553.6 $(223.0) $1,245.4 FINANCIAL OUTLOOK AND GOALS FOR 1978 Generate sufficient donations estimated at $240,000. Full recovery of allocable indirect cos Strengthen endowment fund position. support institution activities presently Financial Picture Source of Research Funds (in thousands) Federal Government Private Foundations Commercial Organizations Restricted Funds Unappropriated Surplus Financial planning for fiscal stability. Uses of Research Funds (in thousands) Pulmonary Physiology Neurophysiology Tumor Immunology Cell Biology and Biochemistry Clinical Studies Hyperbaric Physiology Neuroro Physiology 11% Cell Biology & Biochemistry 10% Hyperbaric Physiology 8%