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← FOUNDATION FOR BIOMEDICAL RESEARCH

Form 990 for tax year 2024

Filed by FOUNDATION FOR BIOMEDICAL RESEARCH.

Totals

Total revenue
$1,620,680
Total expenses
$1,169,579
Contributions and grants received
$576,421
Grants paid
$0
Program service revenue
$0
Investment income
$993,902
Other revenue
$50,357
Total assets, end of year
$20,975,101
Total liabilities, end of year
$1,127,429
Net assets or fund balances, end of year
$19,847,672
Program services expenses (Part IX)
$789,374
Management and general expenses
$206,375
Fundraising expenses
$173,830
Program service expenses (Part III)
$789,374

Program services were 67.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JAMES ALLAN

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • LENORE COONEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • HENRY FRIEDMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SUE VANDEWOUDE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ATUL GROVER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JOANNE KUTZBERG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JOHN E NIEDERHUBER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ARTHUR RUBENSTEIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CAROL SCHEMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • OSWALD STEWARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SUZANNA GREER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MATTHEW BAILEY

    PRESIDENT

    Total calculated
    $199,375
    From this org
    $199,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $199,375
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $199,375

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

No itemized grants to organizations on this return.

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
2024
Filed
13 May 2025
IRS schema version
2024v5.1
Source object
202541339349306644

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