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Filing year 2023

LOVELACE BIOMEDICAL RESEARCH INSTITUTE

Albuquerque, New Mexico·EIN 85-0110669·NTEE H920 · Medical Research·501(c)(3)
Total revenue
$91.2M
Total assets
$256.4M
Total expenses
$91.5M
Reported officers
18
Mission

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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 12 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Medical Research organizations nationwide.

Ceo, Advisory Non-voting Director
Above 90th percentile
$942k
$1M
Base
$824k
Bonus
$50k
Other
Benefits
$13k
Treasurer, Exec Vp, Coo, CFO
Above 90th percentile
$761k
$833k
Base
$664k
Bonus
$50k
Other
Benefits
$15k
VP Academic Research/sr Scientist
Board Vice President
75th to 90th percentile
$451k
$494k
Base
$364k
Bonus
$40k
Other
Benefits
$14k
Executive Science Officer
Highest Compensated Employee
75th to 90th percentile
$430k
$471k
Base
$367k
Bonus
$20k
Other
Benefits
$11k
Vp, Human Resources
Board Vice President
75th to 90th percentile
$354k
$387k
Base
$275k
Bonus
$40k
Other
Benefits
$8k
VP Applied Science (thru 9/7/2023)
Board Vice President
Median to 75th percentile
$329k
$360k
Base
$238k
Bonus
$50k
Other
Benefits
$14k
VP of Interdisciplinary Science
Board Vice President
Median to 75th percentile
$324k
$355k
Base
$268k
Bonus
$15k
Other
Benefits
$14k
Sr. Director of Pharmacology
Highest Compensated Employee
75th to 90th percentile
$313k
$343k
Base
$244k
Bonus
$25k
Other
Benefits
$19k
President and Chairman of the Board
Board Chair
Median to 75th percentile
$119k
$131k
Special Appointee
Board Member
Median to 75th percentile
$79k
$86k
Special Appointee
Board Member
25th percentile to median
$44k
$49k
Special Appointee
Board Member
25th percentile to median
$32k
$35k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 6 unpaid individuals.

Browse compensation in Medical Research

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at LOVELACE BIOMEDICAL RESEARCH INSTITUTE equaled 1% of the organization's total expenses. The median for medical research organizations is 10%.

This organization (2023)
1%
Sector median
10%
Middle half of sector
4% to 21%

Based on 1,118 medical research organizations, each measured at its most recent filing year with reported expenses and compensation.

Down 1%
from 2022

From $955k in 2022 to $942k in 2023.

$955k
2022
$942k
2023
In today's dollarsEst.
Down 5% in real terms$1.1M to $1M

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 1% from 2022 to 2023, while revenue fell 19%.

$955k in 2022 to $942k in 2023.
  • Board Vice President pay rose 13% from 2022 to 2023.
  • Highest Compensated Employee pay fell 2% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about LOVELACE BIOMEDICAL RESEARCH INSTITUTE

What does the Chief Executive Officer of LOVELACE BIOMEDICAL RESEARCH INSTITUTE earn?

In 2023, the Chief Executive Officer of LOVELACE BIOMEDICAL RESEARCH INSTITUTE received $941,935 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Medical Research organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at LOVELACE BIOMEDICAL RESEARCH INSTITUTE compare with similar nonprofits?

Compared with the same role at Medical Research organizations nationwide, the 2023 pay of the Chief Executive Officer at LOVELACE BIOMEDICAL RESEARCH INSTITUTE falls in the top 10%. In 2023, the highest total compensation at LOVELACE BIOMEDICAL RESEARCH INSTITUTE equaled 1% of the organization's total expenses. The median for medical research organizations is 10%.

What are LOVELACE BIOMEDICAL RESEARCH INSTITUTE's revenue and expenses?

In 2023, LOVELACE BIOMEDICAL RESEARCH INSTITUTE reported $91.2M in total revenue and $91.5M in total expenses on its IRS Form 990.

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