LOVELACE BIOMEDICAL RESEARCH INSTITUTE Charity Report

Public IRS 990 nonprofit record

LOVELACE BIOMEDICAL RESEARCH INSTITUTE

EIN 85-0110669 · Medical Research (H920)

What they do

THE LOVELACE BIOMEDICAL RESEARCH INSTITUTE (LBRI) is A PRIVATE, BIOMEDICAL RESEARCH ORGANIZATION DEDICATED to IMPROVING PUBLIC HEALTH THROUGH RESEARCH ON THE PREVENTION, DIAGNOSIS, TREATMENT and CURE of DISEASES. LBRI is DEDICATED to THE DISCOVERY and ADVANCEMENT of CLINICAL SOLUTIONS for PREVENTION, DIAGNOSIS, TREATMENT and CURING DISEASES THROUGH RESEARCH. THE RESEARCH is AIMED AT UNDERSTANDING THEIR CAUSES and BIOLOGICAL MECHANISMS; ASSESSING and ELIMINATING EXPOSURES to RESPIRATORY, NEUROLOGICAL and OTHER HEALTH HAZARDS; MENTAL ILLNESS; TRAUMATIC BRAIN INJURY and OTHER BRAIN DISORDERS; and DEVELOPING IMPROVED THERAPEUTICS, VACCINES, and DIAGNOSTICS. LBRI is BASED IN ALBUQUERQUE, NEW MEXICO.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $87.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders19 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

92.43%of revenue went to mission work87.9% of expenses · Program services

$105.21spent for every $100 of revenueSpending was higher than revenue this year.

12.78%of revenue went to management and office costs12.1% of expenses

$2.91in assets for every $1 spent this yearSome assets cannot be spent right away.

14.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $4,347,655 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $845,514 for ROBERT W RUBIN PHD (CEO (THROUGH 5/31/25)). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$83,397,041

Mission workProgram services$77,084,85692.43% of revenue87.9% of expenses

ManagementOffice and general costs$10,659,84012.78% of revenue12.1% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$87,744,696105.21% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 87.9% mission · 12.1% management · 0.0% fundraisingTotal expenses: 105.21% of revenue

2023Expense mix: 90.4% mission · 9.6% management · 0.0% fundraisingTotal expenses: 100.30% of revenue

2022Expense mix: 86.8% mission · 13.2% management · 0.0% fundraisingTotal expenses: 84.44% of revenue

2021Expense mix: 80.6% mission · 19.4% management · 0.0% fundraisingTotal expenses: 92.56% of revenue

2020Expense mix: 77.0% mission · 23.0% management · 0.0% fundraisingTotal expenses: 90.04% of revenue

2019Expense mix: 68.3% mission · 31.7% management · 0.0% fundraisingTotal expenses: 97.12% of revenue

2017Expense mix: 75.9% mission · 24.1% management · 0.0% fundraisingTotal expenses: 91.26% of revenue

2016Expense mix: 78.9% mission · 21.1% management · 0.0% fundraisingTotal expenses: 195.06% of revenue

Money in and money out

Revenue$83,397,041

Expenses$87,744,696

Annual shortfall $4,347,655 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$77,084,856 · 87.9% of expenses

Management and office costs$10,659,840 · 12.1% of expenses

See all reported dollar amounts

Revenue$83,397,041

Expenses$87,744,696

Assets$255,478,512

Income$122,941,955

Contributions$12,194,618

Mission work (program services)$77,084,856

Management and general$10,659,840

Executive compensation (total)$1,669,682

Stocks and bonds$53,251,483

Accounting fees$280,265

Investing fees$105,958

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ROBERT W RUBIN PHDCEO (THROUGH 5/31/25) · 38 hrs/week $845,514Base $782,222 · Other $63,292

SHANNON L TOMAEXEC VP, COO, CFO · 40 hrs/week $770,069Base $705,999 · Other $64,070

STEVEN A BELINSKYVP, ACADEMIC RESEARCH/SR SCIENTIST · 40 hrs/week $435,984Base $395,524 · Other $40,460

KENT KIEHLEXECUTIVE SCIENCE OFFICER · 40 hrs/week $375,938Base $334,368 · Other $41,570

MELANIE DOYLE-EISELESR. DIRECTOR OF LIFE SCIENCES · 40 hrs/week $334,422Base $295,478 · Other $38,944

PHILLIP KUEHLSR. DIR., PRECLINICAL DRUG DEVELOPMENT · 40 hrs/week $328,637Base $296,621 · Other $32,016

DAVID M FLANDERSVP, HUMAN RESOURCES · 40 hrs/week $323,781Base $289,027 · Other $34,754

ALAN KADISHPRESIDENT AND CHAIRMAN OF THE BOARD · 2 hrs/week $121,813Base · Other $121,813

SALOMON AMARCEO (STARTING 6/1/25) · 38 hrs/week $71,238Base · Other $71,238

NICHOLAS S JANIGASPECIAL APPOINTEE · 2 hrs/week $71,226Base · Other $71,226

MATTHEW F BONILLASPECIAL APPOINTEE · 2 hrs/week $47,831Base · Other $47,831

CHARLES MATTIELLOSPECIAL APPOINTEE · 2 hrs/week $25,447Base · Other $25,447

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (19)

ROBERT W RUBIN PHDCEO (THROUGH 5/31/25)

SHANNON L TOMAEXEC VP, COO, CFO

STEVEN A BELINSKYVP, ACADEMIC RESEARCH/SR SCIENTIST

KENT KIEHLEXECUTIVE SCIENCE OFFICER

MELANIE DOYLE-EISELESR. DIRECTOR OF LIFE SCIENCES

PHILLIP KUEHLSR. DIR., PRECLINICAL DRUG DEVELOPMENT

DAVID M FLANDERSVP, HUMAN RESOURCES

ALAN KADISHPRESIDENT AND CHAIRMAN OF THE BOARD

SALOMON AMARCEO (STARTING 6/1/25)

NICHOLAS S JANIGASPECIAL APPOINTEE

MATTHEW F BONILLASPECIAL APPOINTEE

CHARLES MATTIELLOSPECIAL APPOINTEE

MARGARET RETTERDIRECTOR

LAWRENCE D PLATTDIRECTOR

JOSPEH D MARKDIRECTOR

JANE DELGADODIRECTOR

JACKIE LOVELACE JOHNSONDIRECTOR

WANDA HERNANDEZSPECIAL APPOINTEE (THRU 9/23/24)

ZVIGMOND RYZMANDIRECTOR

About this charity

Recognized since: January 1969
Location: 2425 RIDGECREST DR SE, ALBUQUERQUE, NM 87108-5129
County: Bernalillo
In care of: SHANNON L TOMA
Primary officer: SHANNON L TOMA, EXEC VP, COO, CFO

How to reach them

WebsiteVisit the charity’s website Emailinfo@lovelacebiomedical.org Phone(505) 348-9361

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: BAKER TILLY ADVISORY GROUP LP
NTEE classification: Medical Research (H920)