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.
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

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

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