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Nonprofiteer
← ASN FOUNDATION FOR KIDNEY RESEARCH

Form 990 for tax year 2023

Filed by ASN FOUNDATION FOR KIDNEY RESEARCH.

Totals

Total revenue
$2,866,193
Total expenses
$2,836,650
Contributions and grants received
$410,417
Grants paid
$2,808,099
Program service revenue
$0
Investment income
$2,455,776
Other revenue
$0
Total assets, end of year
$55,918,343
Total liabilities, end of year
$1,344,440
Net assets or fund balances, end of year
$54,573,903
Program services expenses (Part IX)
$2,808,099
Management and general expenses
$28,551
Fundraising expenses
$0
Program service expenses (Part III)
$2,808,099

Program services were 99.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $410,417

  • 3 · Investment income

    total $716,421 · excluded $716,421

  • 7a · Gross sales of assets other than inventory

    securities $9,890,122

  • 7b · Less cost or other basis and sales expenses

    securities $8,150,767

  • 7c · Gain or loss

    securities $1,739,355

  • 7d · Net gain or loss

    total $1,739,355 · excluded $1,739,355

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,708,099 · program services $2,708,099

  • 3 · Grants to foreign organizations and individuals

    total $100,000 · program services $100,000

  • 11f · Fees: investment management

    total $23,811 · management and general $23,811

  • 13 · Office expenses

    total $4,740 · management and general $4,740

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $80,078 · end of year $1,172,232

  • 2 · Savings and temporary cash investments

    beginning of year $572,944 · end of year $550,924

  • 3 · Pledges and grants receivable

    beginning of year $603,766 · end of year $453,630

  • 11 · Investments: publicly traded securities

    beginning of year $39,234,719 · end of year $47,154,823

  • 12 · Investments: other securities

    beginning of year $9,909,874 · end of year $6,586,734

  • 17 · Accounts payable and accrued expenses

    end of year $1,344,440

  • 27 · Net assets without donor restrictions

    beginning of year $49,797,615 · end of year $54,120,273

  • 28 · Net assets with donor restrictions

    beginning of year $603,766 · end of year $453,630

Mission and programs · 2023

Mission

To prevent and cure kidney diseases through research and innovation.

  • Career Development Grants: Transition to Independence, Funding for New Investigators, KidneyCure, the ASN Foundation, awards these grants to advance the independent careers of young investigators in biomedical research.

    Expenses $1,779,449 · Grants $1,779,449

  • Research Fellowships, Funding for Fellows, The goal of the Ben J. Lipps Research Fellowship Program is to fund fellows to conduct original, meritorious research projects. This program will foster, under the direction of a sponsor, the training of fellows who are highly motivated to make contributions to the understanding of kidney biology and disease.

    Expenses $850,000 · Grants $850,000

  • Harold Amos Medical Faculty Development Program: The Harold Amos Medical Faculty Development Program of the Robert Wood Johnson Foundation has research awards available to physicians from historically disadvantaged backgrounds (ethnic, financial or educational) who are committed to pursuing careers in academic medicine, as well as to serving as role models for students and faculty of similar backgrounds.

    Expenses $178,650 · Grants $178,650

As filed on the 2023 return.

Listed in Part VII

  • Crystal A Gadegbeku MD FASN

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Deidra C Crews MD MS FASN

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jeffrey S Berns MD FASN

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Keisha L Gibson MD MPH FASN

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Linda F Fried MD MPH FASN

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Michelle A Josephson MD FASN

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Patrick H Nachman MD FASN

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Prabit Roy-Chaudhury MD PhD FASN

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Susan E Quaggin MD FASN

    Board Chair

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Tod Ibrahim

    Executive Vice President

    Total calculated
    $623,326
    From this org
    $0
    From related orgs
    $560,974
    Other
    $62,352
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $560,974 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $25,091 related
    Nontaxable benefits
    $0 + $37,261 related
    Filer's total
    $0 + $623,326 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
2 July 2024
IRS schema version
2023v5.1
Source object
202421849349301007

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