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← REGENERATIVE RESEARCH FOUNDATION

Form 990 for tax year 2023

Filed by REGENERATIVE RESEARCH FOUNDATION.

Totals

Total revenue
$8,795,245
Total expenses
$7,305,106
Contributions and grants received
$7,786,967
Grants paid
$0
Program service revenue
$700,000
Investment income
$57,424
Other revenue
$250,854
Total assets, end of year
$6,996,425
Total liabilities, end of year
$1,483,775
Net assets or fund balances, end of year
$5,512,650
Program services expenses (Part IX)
$6,185,918
Management and general expenses
$1,119,188
Fundraising expenses
$0
Program service expenses (Part III)
$6,185,918

Program services were 84.7% 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.

  • 1e · Government grants (contributions)

    $6,533,713

  • 1f · All other contributions, gifts and grants

    $1,253,254

  • 2a · Program service revenue: SPONSORED RESEARCH

    total $700,000 · related or exempt $700,000

  • 3 · Investment income

    total $57,424 · excluded $57,424

  • 5 · Royalties

    total $26,305 · excluded $26,305

  • 11a · Other revenue: NEURACELL INCOME

    total $205,732 · excluded $205,732

  • 11b · Other revenue: OTHER

    total $18,817 · excluded $18,817

  • 11e · Other revenue, total

    $224,549

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $243,832 · program services $234,261 · management and general $9,571

  • 7 · Other salaries and wages

    total $2,223,103 · program services $1,760,385 · management and general $462,718

  • 8 · Pension plan contributions

    total $69,529 · program services $50,563 · management and general $18,966

  • 9 · Other employee benefits

    total $220,557 · program services $163,399 · management and general $57,158

  • 10 · Payroll taxes

    total $184,953 · program services $138,346 · management and general $46,607

  • 11b · Fees: legal

    total $146,641 · program services $146,641

  • 11c · Fees: accounting

    total $32,621 · management and general $32,621

  • 11g · Fees: other

    total $364,663 · program services $155,426 · management and general $209,237

  • 13 · Office expenses

    total $32,278 · program services $15,959 · management and general $16,319

  • 14 · Information technology

    total $35,836 · program services $6,991 · management and general $28,845

  • 16 · Occupancy

    total $396,084 · program services $384,268 · management and general $11,816

  • 17 · Travel

    total $81,373 · program services $54,435 · management and general $26,938

  • 19 · Conferences, conventions and meetings

    total $18,929 · program services $9,252 · management and general $9,677

  • 20 · Interest

    total $34 · management and general $34

  • 22 · Depreciation, depletion and amortization

    total $65,283 · program services $65,283

  • 23 · Insurance

    total $32,106 · management and general $32,106

  • 24a · Other expenses: RESEARCH SUBCONTRACTS

    total $1,796,215 · program services $1,796,215

  • 24b · Other expenses: LABORATORY CHARGES

    total $1,198,347 · program services $1,071,704 · management and general $126,643

  • 24c · Other expenses: EQUIP. REPAIR & MAINT.

    total $125,466 · program services $125,421 · management and general $45

  • 24d · Other expenses: MISCELLANEOUS

    total $37,256 · program services $7,369 · management and general $29,887

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $678,162 · end of year $433,733

  • 2 · Savings and temporary cash investments

    beginning of year $1,931,726 · end of year $3,639,688

  • 3 · Pledges and grants receivable

    beginning of year $1,693,916 · end of year $1,809,146

  • 4 · Accounts receivable

    beginning of year $203,006 · end of year $206,672

  • 9 · Prepaid expenses and deferred charges

    beginning of year $120,161 · end of year $157,309

  • 10a · Land, buildings and equipment: cost or other basis

    $4,168,867

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,681,890

  • 10c · Land, buildings and equipment, net

    beginning of year $93,001 · end of year $486,977

  • 15 · Other assets

    beginning of year $1,261,977 · end of year $262,900

  • 17 · Accounts payable and accrued expenses

    beginning of year $711,170 · end of year $1,221,043

  • 25 · Other liabilities

    beginning of year $1,248,268 · end of year $262,732

  • 27 · Net assets without donor restrictions

    beginning of year $3,024,854 · end of year $4,252,040

  • 28 · Net assets with donor restrictions

    beginning of year $997,657 · end of year $1,260,610

Mission and programs · 2023

Mission

THE PRINCIPAL MISSION OF THE REGENERATIVE RESEARCH FOUNDATION IS TO DEVELOP REGENERATIVE STEM CELL THERAPIES FOR DISEASES OF THE CENTRAL NERVOUS SYSTEM (CNS): THE BRAIN, SPINAL CORD, AND RETINA.

  • FISCAL YEAR 2023 WAS A PRODUCTIVE YEAR FOR THE REGENERATIVE RESEARCH FOUNDATION. RESEARCH ACTIVITY RETURNED TO PRE-PANDEMIC LEVELS. THE LABORATORIES WERE FULLY STAFFED AND PRODUCTIVE ALLOWING THE FOUNDATION TO PURSUE ITS MISSION TO EXPAND THE SCIENTIFIC KNOWLEDGE BASE AND DEVELOP POTENTIAL THERAPIES FOR TREATMENT FOR CENTRAL NERVOUS SYSTEM DISORDERS. FOUNDATION RESEARCHERS PUBLISHED A TOTAL OF NINE ARTICLES IN SEVERAL PROMINENT SCIENTIFIC JOURNALS REPORTING THE RESULTS OF THEIR INVESTIGATIONS. THE TOPICS INCLUDED NEURODEGENERATIVE DISEASE, EYE DISEASE AND SPINAL CORD INJURY. THESE ARTICLES ARE MADE AVAILABLE THROUGH THE NATIONAL INSTITUTES OF HEALTH PUB-MED CENTRAL PUBLICATION RETRIEVAL SYSTEM ALLOWING FREE ACCESS FOR THE SCIENTIFIC COMMUNITY AND THE PUBLIC. FOUNDATION INVESTIGATORS WERE ABLE TO SECURE 12 NEW RESEARCH GRANTS TO CONTINUE AND EXPAND THEIR RESEARCH PROGRAMS.

    Expenses $3,829,833 · Revenue $450,000

  • THE CLINICAL TRIAL CONTINUED TO PROGRESS DURING FISCAL YEAR 2023 OVERCOMING UNEXPECTED DELAYS. THE STUDY CONTINUES TO RECRUIT NEW SUBJECTS AND COLLECTED POST-SURGERY DATA FOR SUBJECTS AT THE ONE-YEAR MARK. THE FOUNDATION HOPES TO EXPAND THE CLINICAL STUDY BY DEVELOPING PARTNERSHIPS WITH OTHER CLINICAL RESEARCH SITES WHICH WILL EXPAND THE SUBJECT RECRUITMENT POPULATION AND POTENTIALLY ACCELERATE FDA APPROVAL FOR TREATMENT OF AMD. THE FOUNDATION'S INVESTIGATORS PRESENTED THE RESULTS OF THEIR EYE RESEARCH AS INVITED GUEST SPEAKERS AT ACADEMIC INSTITUTIONS AND AT SCIENTIFIC CONFERENCES.

    Expenses $941,803 · Revenue $250,000

  • THE ALZHEIMER'S AND RELATED DEMENTIA RESEARCH PROGRAM CONTINUED ITS INVESTIGATIONS INTO THE CAUSES AND POTENTIAL TREATMENTS FOR THESE DISEASES. THE CONSORTIUM OF ORGANIZATIONS AND INVESTIGATORS OF WHICH THE FOUNDATION IS THE LEAD ORGANIZATION CONTINUED TO PURSUE ITS RESEARCH AIMS FOCUSED ON IDENTIFYING GENES ASSOCIATED WITH THE DEVELOPMENT OF DEMENTIA. THE NATIONAL INSTITUTES OF HEALTH AND SEVERAL PUBLIC CHARITIES CONTINUE TO SUPPORT THIS PROGRAM STRATEGICALLY AND FINANCIALLY. THE FOUNDATION CONTINUED ITS PARTNERSHIP WITH A BIOTECHNOLOGY COMPANY TO RESEARCH AND DEVELOP A PROMISING NEURODEGENERATIVE DISEASE TREATMENT.

    Expenses $1,414,282

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • William Kahn CPA

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Jeffrey H Stern MD PhD

    DIRECTOR FOR TRANSLATIONAL

    Total calculated
    $52,412
    From this org
    $51,727
    From related orgs
    $0
    Other
    $685
    Hours/week
    30

  • John Walsh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Vito Grasso Mpa Cae

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David O Carpenter MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dawn Abbuhl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Catalano MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amy G Klann PhD JD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sally Temple-Stern PhD

    SCIENTIFIC & EXECUTIVE DIR

    Total calculated
    $191,420
    From this org
    $177,305
    From related orgs
    $0
    Other
    $14,115
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $177,305
    Bonus
    $0
    Other
    $0
    Deferred
    $7,154
    Nontaxable benefits
    $6,961
    Filer's total
    $191,420

  • Caitlin Hill

    PRINCIPAL INVESTIGATOR

    Total calculated
    $138,234
    From this org
    $131,209
    From related orgs
    $0
    Other
    $7,025
    Hours/week
    50

  • Thomas Kiehl

    PRINCIPAL INVESTIGATOR

    Total calculated
    $130,597
    From this org
    $116,681
    From related orgs
    $0
    Other
    $13,916
    Hours/week
    50

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

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202403109349300505

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