Annual Information Statement 2017

Legal Name
National Foundation for Medical Research and Innovation
ABN
85001422895

Section A: Charity Information

Charity size
Large
Fundraising online
Yes
Basic Religious Charity
No

Section B: Activities

Did the charity operate in the 2017 reporting period?
Yes
Main activity
Research
Main activities
Grant-making activities
Description of charity's activities and outcomes
This has been an incredible year for the Foundation - not only in terms of strategy implementation, but also in relation to working towards achieving our mission and purpose. We have been able to support a number of exciting projects, not just financially, but also via additional value-adding support such as mentoring, pro-bono access to important services and access to networks to name a few. These projects that struggle to receive traditional funding and are at risk of withering on the vine are now thriving and the innovations are a few steps closer to reaching the community.These funded projects continue to achieve and surpass anticipated results. Where we originally expected impact in a 3 to 5-year timeframe, a number of projects are achieving success within a single calendar year. Projects are advancing along the innovation pathway, attracting industry collaborators and reaching milestones sooner than anticipated. With all of these success stories, we have developed an impact page on our website: https://nfmri.org.au/make-a-difference/our-impact/We continued to receive an increasing number of worthy applications, with many falling under portfolios 2 and 3 during 2017, where external collaborations are leveraged to advanceinnovations. We have also secured partnerships with the NSW Department of Primary Industries, Equity Trustees, The NSW Community Foundation, The Mason Foundation and the Nicholas and Phyllis Pinter Trust, whereby we are able to assist these organisations with their giving so they are better able to support medical research.This year, we also continued to deliver a number of workshops and presentations at universities, medical research institutes, sector events and conferences held during the year to help grow awareness, inform researchers and assist them to submit high quality, strategically-aligned proposals. This, combined with our annual grant round, led to the identification of a significant number of high quality biomedical research projects and the announcement of $847,941 in research grants to commence and continue in 2018.If you would like to read more about the achievements of our funded projects, please refer to our 2017 annual report, available here: https://nfmri.org.au/resources/annual-report/
Main beneficiary
General community in Australia
Where the charity conducted activities during the 2017 reporting period
  • Australian Capital Territory
  • New South Wales
  • Northern Territory
  • Queensland
  • South Australia
  • Tasmania
  • Victoria
  • Western Australia
Will the charity change or introduce any activities in the 2018 period?
No

Section C: Human Resources

Human resources
  • Full time employees: 2
  • Part time employees: 0
  • Casual employees: 0
  • Full-time equivalent staff (FTE): 2
  • Estimated number of volunteers: 20

Section D: Finance

Charity's 2017 reporting period
1 January 2017 to 31 December 2017
Type of financial statement
General purpose financial statements
Financial report consolidated with more than one entity?
No

Comprehensive Income Statement summary

Gross Income
Donations and bequests
$1,000.00
Revenue from providing goods or services
$36,470.00
Revenue from government including grants
$144,620.00
Revenue from investments
$1,018,709.00
All other revenue
$32,365.00
Total revenue
$1,233,164.00
Other income (for example, gains)
$109,379.00
Total gross income
$1,342,543.00
Expenses
Employee expenses
$264,169.00
Interest expenses
$0.00
Grants and donations made for use in Australia
$669,222.00
Grants and donations made for use outside Australia
$0.00
All other expenses
$150,520.00
Total expenses
$1,083,911.00
Net surplus/(deficit)
$258,632.00
Other comprehensive income
$855,729.00
Total comprehensive income
$1,114,361.00

Balance Sheet extract

Assets
Total current assets
$2,418,213.00
Non-current loans receivable
$0.00
Other non-current assets
$20,935,766.00
Total non-current assets
$20,935,766.00
Total assets
$23,353,979.00
Liabilities
Total current liabilities
$188,618.00
Non-current loans payable
$0.00
Other non-current liabilities
$123,137.00
Total non-current liabilities
$123,137.00
Total liabilities
$311,755.00
Net assets/liabilities
$23,042,224.00
Financial report submitted to a state/territory regulator?
No

Section E: Annual report

Note: If you want to see the financial report or annual report that this charity has submitted, go back to Financials & Documents.

Section F: Reporting to state or territory regulators

Is the charity an incorporated association?
No
Does the charity intend to fundraise in the next reporting period?
Yes
Select the state/territory where the charity intends to fundraise in the 2018 reporting period
  • ACT fundraising number: L19001006
  • NSW fundraising number: 23937
  • QLD fundraising number: CH2909
  • SA fundraising number: CCP2340
  • TAS fundraising number: 10318
  • VIC fundraising number: 13905
  • WA fundraising number: CC22018