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AIS Report - 2018
Annual Information Statement 2018
Legal Name:
National Foundation for Medical Research and Innovation
ABN:
85001422895
About the charity
Charity size:
Large
Fundraising online:
Yes
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: 19001006
- NSW fundraising number: 23937
- QLD fundraising number: CH2909
- SA fundraising number: CCP2340
- TAS fundraising number: C/10318
- VIC fundraising number: 13905
- WA fundraising number: CC22018
Basic Religious Charity:
No
Activities and Beneficiaries
Did the charity operate in the 2018 reporting period?
Yes
Main activity:
Research
Main activities:
Grant-making activities
Description of charity's activities and outcomes:
-We have supported a number of existing projects, not only 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
-We 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 higher-quality, strategically-aligned proposals.
-Via our grant rounds, we were able to provide $892,516 in grants during the 2018 calendar year.
-We 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 higher-quality, strategically-aligned proposals.
-Via our grant rounds, we were able to provide $892,516 in grants during the 2018 calendar year.
Where the charity conducted activities during the 2018 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 2019 period?
No
Main beneficiary:
General community in Australia
Annual report
Human Resources
Human resources:
- Full time employees: 3
- Part time employees: 0
- Casual employees: 0
- Full-time equivalent staff (FTE): 3
- Estimated number of volunteers: 20
Financial Reporting
Charity's 2018 reporting period:
1 January 2018 to 31 December 2018
Type of financial statement:
General purpose financial statements
Financial report consolidated with more than one entity?
No
Financial report submitted to a state/territory regulator?
No
Income and Expenses
Comprehensive Income Statement summary
Gross Income
Donations and bequests: | $1,974.00 |
Revenue from providing goods or services: | $0.00 |
Revenue from government including grants: | $767,385.00 |
Revenue from investments: | $1,834,214.00 |
All other revenue: | $6,167.00 |
Total revenue: | $2,609,740.00 |
Other income (for example, gains): | $-1,465,509.00 |
Total gross income: | $1,144,231.00 |
Expenses
Employee expenses: | $276,676.00 |
Interest expenses: | $0.00 |
Grants and donations made for use in Australia: | $892,516.00 |
Grants and donations made for use outside Australia: | $0.00 |
All other expenses: | $69,082.00 |
Total expenses: | $1,238,274.00 |
Net surplus/(deficit): | $-94,043.00 |
Other comprehensive income: | $0.00 |
Total comprehensive income: | $-94,043.00 |
Balance Sheet extract
Assets
Total current assets: | $3,058,026.00 |
Non-current loans receivable: | $0.00 |
Other non-current assets: | $20,098,600.00 |
Total non-current assets: | $20,098,600.00 |
Total assets: | $23,156,626.00 |
Liabilities
Total current liabilities: | $186,339.00 |
Non-current loans payable: | $0.00 |
Other non-current liabilities: | $22,106.00 |
Total non-current liabilities: | $22,106.00 |
Total liabilities: | $208,445.00 |
Net assets/liabilities: | $22,948,181.00 |