Nonprofit · EIN 04-3521077
BAIM INSTITUTE FOR CLINICAL RESEARCH INC
Tax-exempt · BOSTON, MA 02215
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $24,417,515 | $15,574,406 | $8,843,109 | $37,406,017 | $7,904,223 | $29,501,794 |
| September 30, 2024 | 990 | $18,960,523 | $13,924,148 | $5,036,375 | $30,238,751 | $9,586,148 | $20,652,603 |
| September 30, 2023 | 990 | $13,536,792 | $13,305,828 | $230,964 | $26,425,573 | $10,880,043 | $15,545,530 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $23,601,709
- Investment income
- $686,013
- Net rental income
- $129,793
- Other revenue
- $129,793
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,601,980
- Other salaries and wages
- $5,995,979
- Salaries, compensation and benefits (total)
- $9,041,003
- Professional fundraising fees
- $0
- Legal fees
- $118,997
- Accounting fees
- $78,386
- Occupancy
- $637,593
- Depreciation
- $177,867
- Program services (functional)
- $15,233,201
- Management and general (functional)
- $341,205
Balance sheet and other
- Total assets, start of year
- $30,238,751
- Total assets, end of year
- $37,406,017
- Total liabilities, end of year
- $7,904,223
- Net assets, end of year
- $29,501,794
- Land, buildings and equipment
- $740,030
- Publicly traded securities
- $2,610,732
- Net assets without donor restrictions
- $29,501,794
- Gross receipts
- $24,417,515
- Employees
- 85
- Volunteers
- 1
- Year formed
- 2000
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GIBSON MD MICHAEL | TRUSTEE (EX-OFFICIO) & PRESIDENT Trustee or director, Officer | 35 | $523,504 | $521,362 | $88,401 |
| SZABO MD PHD HON SCD GYONGYI | TTEE (EX-OFF); (CAO, BIDMC & BILH) Trustee or director | 1 | $0 | $783,628 | $92,360 |
| ZEIDEL MD MARK L | TTEE (EX-O)/CHAIR; (CHIEF MED BIDMC) Trustee or director, Officer | 1 | $0 | $754,080 | $73,968 |
| GERSZTEN MD ROBERT | TTEE (EXOFF)(CHIEF,BIDMC CARDIO MED) Trustee or director | 1 | $0 | $719,509 | $43,076 |
| FRANCIOLI CARL | TTEE (EX-OFF); CFO, BIDMC Trustee or director | 1 | $0 | $558,652 | $54,959 |
| FREEDMAN MD STEVEN | FRMR TTEE & CHAIR (PHYSICIAN, BIDMC) Former | 0 | $0 | $539,899 | $68,429 |
| CUTLIP MD DONALD | CMO; SECTION CHIEF CARDIOLOGY, BIDMC Key employee | 1 | $0 | $492,765 | $78,819 |
| AGNEW MEGHAN | TTEE (EX-OFF) & TREAS; CFO, HFMP Trustee or director, Officer | 1 | $0 | $451,681 | $49,091 |
| ARMSTRONG ESQ EMILY | CLERK (EXO); DIV VP DEP GC BOS, BILH Officer | 1 | $0 | $312,265 | $125,040 |
| KORJIAN MD SERGE | SR MED DIR CLIN TRIALS/DIR ANGIO LAB Highest-paid employee | 25 | $114,962 | $224,531 | $30,798 |
| WEDGE PATRICIA | CHIEF OPERATING OFFICER Key employee | 55 | $228,883 | $0 | $28,291 |
| CHEN XIAOHUA | DIRECTOR OF BIOSTATS Key employee | 55 | $245,732 | $0 | $9,652 |
| ROETTIG RN MSN MAYME L | SVP, CLINICAL RESEARCH Highest-paid employee | 55 | $226,938 | $0 | $14,419 |
| COLOZZO MEGHAN | TTEE (EXO) (DIR, COMPL & PRIV, BILH) Trustee or director | 1 | $0 | $209,312 | $20,510 |
| PECJO BRIAN | DIRECTOR, INFORMATION TECHNOLOGY Key employee | 55 | $188,002 | $0 | $34,229 |
6 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THUM CLAUDIA | DIRECTOR, PROJECT MANAGEMENT Highest-paid employee | 55 | $166,979 | $25,892 |
| THIIRAH KELLY | DIRECTOR, CONTRACTS Highest-paid employee | 55 | $165,260 | $17,259 |
| HALPRIN VICTORIA | DIRECTOR, FINANCE Officer | 55 | $150,796 | $23,882 |
| AMMU SONIA T | DIRECTOR, CLINICAL OPERATIONS Highest-paid employee | 55 | $162,281 | $7,279 |
| SULLIVAN GAIL | DIRECTOR OF HUMAN RESOURCES Key employee | 55 | $150,262 | $16,101 |
| WIDMER MARCIA | TTEE EX-OFF; HMFP CHF COMPLIANCE OFF Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2024: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SZABO MD PHD HON GYONGYI | TTEE (EX-OFF); (CAO, BIDMC & BILH) Trustee or director | 1 | $0 | $1,013,205 | $89,291 |
| GIBSON MD MICHAEL | TRUSTEE (EX-OFFICIO) & PRESIDENT Trustee or director, Officer | 30 | $430,000 | $514,762 | $85,530 |
| ZEIDEL MD MARK L | TTEE (EX-O)/CHAIR; (CHIEF MED BIDMC) Trustee or director, Officer | 1 | $0 | $892,032 | $87,340 |
| GERSZTEN MD ROBERT | TTEE (EXOFF)(CHIEF,BIDMC CARDIO MED) Trustee or director | 1 | $0 | $679,268 | $42,355 |
| FREEDMAN MD STEVEN | FRMR TTEE & CHAIR (PHYSICIAN, BIDMC) Former | 0 | $0 | $535,951 | $64,211 |
| AGNEW MEGHAN | TTEE (EX OFFICIO) & TREAS; CFO, HFMP Trustee or director, Officer | 1 | $0 | $429,654 | $89,105 |
| ARMSTRONG ESQ EMILY | CLERK (EXO); DIV VP DEP GC BOS, BILH Officer | 1 | $0 | $309,666 | $41,550 |
| FRIZZELL CHARLES | EVP, BUSINESS OPS (END 9/20/23) Key employee | 55 | $286,526 | $0 | $11,131 |
| MERSKI CARA | TTEE (EXOFF);BILH DEP COMPLIANCE OFF Trustee or director | 1 | $0 | $244,676 | $40,704 |
| CHEN XIAOHUA | DIRECTOR OF BIOSTATS Key employee | 55 | $240,194 | $0 | $9,600 |
| WEDGE PATRICIA | CHIEF OPERATING OFFICER Key employee | 55 | $207,292 | $0 | $28,698 |
| FRITZ SUE | SR. DIRECTOR, FINANCE Officer | 55 | $208,738 | $0 | $22,191 |
| COLOZZO MEGHAN | TTEE (EXO) (DIR, COMPL & PRIV, BILH) Trustee or director | 1 | $0 | $187,183 | $14,345 |
| PECJO BRIAN | DIRECTOR, INFORMATION TECHNOLOGY Key employee | 55 | $176,805 | $0 | $22,574 |
| THUM CLAUDIA | DIRECTOR, PROJECT MANAGEMENT Highest-paid employee | 55 | $160,698 | $0 | $25,585 |
| IVANOVA ALLA | DIRECTOR, DATA MANAGEMENT Highest-paid employee | 55 | $146,762 | $0 | $33,073 |
| AMMU SONIA T | DIRECTOR, CLINICAL OPERATIONS Highest-paid employee | 55 | $164,673 | $0 | $6,923 |
| SULLIVAN GAIL | DIRECTOR OF HUMAN RESOURCES Highest-paid employee | 55 | $145,206 | $0 | $15,838 |
| THIIRAH KELLY | DIRECTOR, CONTRACTS Highest-paid employee | 55 | $137,140 | $0 | $18,011 |
| HALPRIN VICTORIA | DIRECTOR, FINANCE Officer | 55 | $117,652 | $0 | $7,870 |
990 for the year ended September 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GIBSON MD MICHAEL | TRUSTEE (EX-OFFICIO), PRESIDENT Trustee or director, Officer | 30 | $450,000 | $526,249 | $82,991 |
| ZEIDEL MD MARK L | TTEE EXOFF;BIDMC MEDCHF/HMFP MED CHR Trustee or director, Officer | 1 | $0 | $877,790 | $84,230 |
| SZABO MD PHD HON SCD GYONGYI | TTEE (EX-OFF); (CAO, BIDMC & BILH) Trustee or director | 1 | $0 | $700,229 | $81,877 |
| GERSZTEN MD ROBERT | TTEE (EXOFF)(CHIEF,BIDMC CARDIO MED) Trustee or director | 1 | $0 | $649,383 | $39,142 |
| FREEDMAN MD STEVEN | TTEE, CHAIR; GASTRO, BIDMC Trustee or director, Officer | 1 | $0 | $533,136 | $61,401 |
| AGNEW MEGHAN | TTEE (EX OFFICIO) & TREAS; CFO, HFMP Trustee or director, Officer | 1 | $0 | $422,594 | $78,296 |
| MERSKI CARA | TTEE (EXOFF);BILH DEP COMPLIANCE OFF Trustee or director | 1 | $0 | $272,364 | $37,055 |
| ARMSTRONG ESQ EMILY | CLERK (EXOFF) (AVP,ASST DEP GC,BILH) Officer | 1 | $0 | $268,218 | $37,005 |
| POPMA ALEXANDRA | FORMER CHIEF OPERATING OFFICER Former | 0 | $156,301 | $98,307 | $31,109 |
| CHEN XIAOHUA | DIRECTOR OF BIOSTATS Key employee | 55 | $227,092 | $0 | $9,060 |
| FRITZ SUE | SR DIRECTOR, FINANCE Officer | 55 | $197,208 | $0 | $19,731 |
| PECJO BRIAN | DIRECTOR, INFORMATION TECHNOLOGY Highest-paid employee | 55 | $175,041 | $0 | $6,776 |
| THUM CLAUDIA | DIRECTOR, PROJECT MANAGEMENT Highest-paid employee | 55 | $151,282 | $0 | $24,635 |
| IVANOVA ALLA | DIRECTOR, DATA MANAGEMENT Highest-paid employee | 55 | $135,278 | $0 | $32,772 |
| TRONTCHINSKI VADIM | SENIOR TECHNICAL ARCHITECT Highest-paid employee | 55 | $134,617 | $0 | $28,457 |
| AMMU SONIA T | DIRECTOR, CLINICAL OPERATIONS Highest-paid employee | 55 | $141,741 | $0 | $6,159 |
Address and contacts
- Address (IRS master file)
- 930 COMMONWEALTH AVE STE 3, BOSTON, MA 02215-1231
- In care of
- % BOB LOEB
- Principal officer (990 for 2024)
- MICHAEL GIBSON MD, 930 COMMONWEALTH AVENUE 3RD FLOOR, BOSTON, MA 02215
- Signed the 990
- MEGHAN AGNEW, TREASURER
- Phone
- (781) 744-8924
- Website
- WWW.BAIMINSTITUTE.ORG
- Return prepared by
- DELOITTE TAX LLP
Mission
TO IMPROVE HEALTH AND QUALITY OF LIFE BY COLLABORATING WITH ACADEMIC AND INDUSTRY PARTNERS TO CONDUCT HIGH QUALITY CLINICAL RESEARCH IN A PROFESSIONALLY NURTURING AND WORLDCLASS ACADEMIC ENVIRONMENT.
Program accomplishments
- CLINICAL TRIAL SERVICES - DESIGN AND COORDINATE CLINICAL TRIALS, MANAGE THE CONDUCT OF THE TRIALS AND PERFORM ANALYSIS OF THE CLINICAL TRIAL RESULTS FOR ACADEMIC, PUBLISHING AND FDA SUBMISSION AND REVIEW PURPOSES.Expenses $13,328,420 · revenue $23,601,709
- ACADEMIC SUPPORT - BAIM PROVIDES FINANCIAL SUPPORT FOR RESEARCHERS ASSOCIATED WITH VARIOUS ORGANIZATIONS, INCLUDING BETH ISRAEL DEACONESS MEDICAL CENTER, WHICH ALSO SERVES AS ONE OF BAIM'S MEMBERS, BRIGHAM AND WOMEN'S HOSPITAL, MASSACHUSETTS GENERAL HOSPITAL, AND BOSTON UNIVERSITY, FOR DESIGNING AND CONDUCTING CLINICAL RESEARCH AND FOR TRAINING AND ACADEMIC ACTIVITIES.Expenses $1,904,781
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 04-3521077
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H05)
- Assets (IRS master file)
- $37,406,017
- Income (IRS master file)
- $24,417,515
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $24,417,515 | $15,574,406 | $37,406,017 | XML |
| 990-T | September 2025 | – | – | – | IRS |
| 990 | September 2024 | $18,960,523 | $13,924,148 | $30,238,751 | XML |
| 990-T | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $13,536,792 | $13,305,828 | $26,425,573 | XML |
| 990-T | September 2023 | – | – | – | IRS |
| 990 | September 2022 | $14,165,368 | $12,404,724 | $20,688,470 | IRS |
| 990-T | September 2022 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3521077).
Questions about BAIM INSTITUTE FOR CLINICAL RESEARCH INC
- What is the EIN of BAIM INSTITUTE FOR CLINICAL RESEARCH INC?
- The employer identification number (EIN) of BAIM INSTITUTE FOR CLINICAL RESEARCH INC is 04-3521077.
- Is BAIM INSTITUTE FOR CLINICAL RESEARCH INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to BAIM INSTITUTE FOR CLINICAL RESEARCH INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BAIM INSTITUTE FOR CLINICAL RESEARCH INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BAIM INSTITUTE FOR CLINICAL RESEARCH INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BAIM INSTITUTE FOR CLINICAL RESEARCH INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of BAIM INSTITUTE FOR CLINICAL RESEARCH INC?
- The 990 for the year ended September 30, 2025 names MICHAEL GIBSON MD.
- Who are the officers and directors of BAIM INSTITUTE FOR CLINICAL RESEARCH INC?
- The 990 for the year ended September 30, 2025 lists 21 people; 11 received compensation from the organization, the highest $523,504 (GIBSON MD MICHAEL, TRUSTEE (EX-OFFICIO) & PRESIDENT).
- How much revenue does BAIM INSTITUTE FOR CLINICAL RESEARCH INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $24,417,515, expenses of $15,574,406 and total assets of $37,406,017 at year end.
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