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← NATIONAL ALLIANCE FOR RESEARCH ON SCHIZOPHRENIA AND DEPRESSION INC

Form 990 for tax year 2024

Filed by NATIONAL ALLIANCE FOR RESEARCH ON SCHIZOPHRENIA AND DEPRESSION INC.

Totals

Total revenue
$27,686,049
Total expenses
$16,481,525
Contributions and grants received
$19,100,871
Grants paid
$11,577,332
Program service revenue
$0
Investment income
$8,170,808
Other revenue
$414,370
Total assets, end of year
$62,418,636
Total liabilities, end of year
$16,992,149
Net assets or fund balances, end of year
$45,426,487
Program services expenses (Part IX)
$13,578,295
Management and general expenses
$1,913,512
Fundraising expenses
$989,718
Program service expenses (Part III)
$13,578,295

Program services were 82.4% 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.

  • 1a · Federated campaigns

    $20,634

  • 1c · Fundraising events

    $42,878

  • 1d · Related organizations

    $110,000

  • 1f · All other contributions, gifts and grants

    $18,927,359

  • 1g · Noncash contributions included above

    $3,215,938

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,462,566 · unrelated business $1,755,541 · excluded -$292,975

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $13,096,533

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

    securities $6,388,291

  • 7c · Gain or loss

    securities $6,708,242 · other assets $0

  • 7d · Net gain or loss

    total $6,708,242 · excluded $6,708,242

  • 8a · Fundraising events: gross income

    $117,434

  • 8a · Fundraising events: contributions included on line 1c

    $42,878

  • 8b · Fundraising events: direct expenses

    $117,434

  • 8c · Net income from fundraising events

    total $0 · excluded $0

  • 11a · Other revenue: NET APPRECIATION OF ASSETS HELD IN CHARITABLE REMAINDER TRUST

    total $414,370 · excluded $414,370

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $414,370

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,433,434 · program services $8,433,434

  • 2 · Grants to domestic individuals

    total $190,000 · program services $190,000

  • 3 · Grants to foreign organizations and individuals

    total $2,953,898 · program services $2,953,898

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $1,113,685 · program services $445,474 · management and general $445,474 · fundraising $222,737

  • 7 · Other salaries and wages

    total $1,717,345 · program services $686,938 · management and general $686,938 · fundraising $343,469

  • 9 · Other employee benefits

    total $223,015 · program services $89,206 · management and general $89,206 · fundraising $44,603

  • 10 · Payroll taxes

    total $163,862 · program services $65,545 · management and general $65,545 · fundraising $32,772

  • 11b · Fees: legal

    total $8,281 · management and general $8,281

  • 11c · Fees: accounting

    total $76,802 · management and general $76,802

  • 11f · Fees: investment management

    total $103,221 · management and general $103,221

  • 11g · Fees: other

    total $220,069 · program services $122,061 · management and general $36,978 · fundraising $61,030

  • 12 · Advertising and promotion

    total $122,436 · program services $60,506 · management and general $1,424 · fundraising $60,506

  • 13 · Office expenses

    total $262,009 · program services $33,974 · management and general $116,278 · fundraising $111,757

  • 14 · Information technology

    total $112,532 · program services $45,013 · management and general $45,013 · fundraising $22,506

  • 16 · Occupancy

    total $338,313 · program services $135,325 · management and general $135,325 · fundraising $67,663

  • 17 · Travel

    total $21,613 · program services $8,645 · management and general $8,645 · fundraising $4,323

  • 19 · Conferences, conventions and meetings

    total $22,748 · management and general $22,748

  • 22 · Depreciation, depletion and amortization

    total $4,477 · program services $1,791 · management and general $1,791 · fundraising $895

  • 23 · Insurance

    total $24,245 · program services $9,698 · management and general $9,698 · fundraising $4,849

  • 24a · Other expenses: RESEARCH AWARD/PRIZE REFUNDS

    total -$524,950 · program services -$524,950

  • 24b · Other expenses: SCIENTIFIC ADVANCEMENT

    total $342,416 · program services $342,416

  • 24c · Other expenses: NEWSLETTERS, BROCHURES, & ANNUAL REPORTS

    total $175,119 · program services $175,119

  • 24d · Other expenses: RESEARCH AWARD/PRIZE EXPENSES

    total $141,569 · program services $141,569

  • 24e · All other expenses

    total $235,386 · program services $162,633 · management and general $60,145 · fundraising $12,608

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,699,768 · end of year $3,190,173

  • 2 · Savings and temporary cash investments

    beginning of year $23,177,732 · end of year $34,854,008

  • 3 · Pledges and grants receivable

    beginning of year $421,788 · end of year $108,708

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $170,278 · end of year $184,927

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

    $761,207

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

    $753,122

  • 10c · Land, buildings and equipment, net

    beginning of year $9,684 · end of year $8,085

  • 11 · Investments: publicly traded securities

    beginning of year $18,075,618 · end of year $20,938,479

  • 12 · Investments: other securities

    beginning of year $5,501,519 · end of year $281

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $2,071,251 · end of year $3,133,975

  • 17 · Accounts payable and accrued expenses

    beginning of year $123,146 · end of year $123,954

  • 18 · Grants payable

    beginning of year $14,887,604 · end of year $15,014,698

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $988,419 · end of year $1,853,497

  • 27 · Net assets without donor restrictions

    beginning of year $26,453,772 · end of year $34,231,414

  • 28 · Net assets with donor restrictions

    beginning of year $10,674,697 · end of year $11,195,073

Mission and programs · 2024

Mission

NATIONAL ALLIANCE FOR RESEARCH ON SCHIZOPHRENIA AND DEPRESSION (NARSAD) D/B/A THE BRAIN & BEHAVIOR RESEARCH FOUNDATION IS COMMITTED TO ALLEVIATING THE SUFFERING OF MENTAL ILLNESS BY AWARDING GRANTS THAT WILL LEAD TO ADVANCES AND BREAKTHROUGHS IN SCIENTIFIC RESEARCH.

Activities or mission (Part I)

TO RAISE AND DISTRIBUTE FUNDS FOR THE MOST PROMISING PSYCHIATRIC DISEASE RESEARCH IN ORDER TO DEVELOP NEW PREVENTATIVE MEASURES, BETTER DIAGNOSIS AND IMPROVED TREATMENTS FOR THESE CONDITIONS.

  • GRANTS AND SCHOLARSHIPS TO FUND SCIENTIFIC RESEARCH INTO THE CAUSES, CURES, AND PREVENTION OF CHRONIC AND SEVERE MENTAL ILLNESSES SUCH AS DEPRESSION, SCHIZOPHRENIA, ANXIETY, AUTISM, BIPOLAR DISORDER, ADHD, PTSD AND OCD.

    Expenses $10,722,382 · Grants $10,722,382

  • EXPENSES TO PROVIDE RESEARCH GRANTS, SELECT PROSPECTIVE GRANTEES, SUBMIT PROPOSALS AND FURTHER PROMOTE SCIENTIFIC ADVANCEMENT AND RESEARCH INTO THE CAUSES, CURES, AND PREVENTION OF CHRONIC AND SEVERE MENTAL ILLNESSES. IN ADDITION TO THE EXPENSES REPORTED, THE REPORTING ORGANIZATION'S SCIENTIFIC COUNCIL CONTRIBUTED SERVICES OF $1,590,810. (DONATED SERVICES ARE NOT REPORTED AS EITHER REVENUE OR EXPENSE AS PER IRS FORM 990 INSTRUCTIONS.) THE SCIENTIFIC COUNCIL CONSISTS OF A GROUP OF SCIENTISTS WHO ARE LEADERS IN NEUROSCIENCE AND PSYCHIATRY. THESE VOLUNTEERS PRIMARILY REVIEW RESEARCH GRANTS AND PROJECTS ON BEHALF OF THE ORGANIZATION. ALSO, IN 2024 THE REPORTING ORGANIZATION UTILIZED A GRANT WHICH PROVIDED ONLINE ADVERTISING, AT NO COST, HAVING A VALUE OF $464,145.

    Expenses $2,855,913 · Grants $854,950

As filed on the 2024 return.

Listed in Part VII

  • Donald M Boardman

    DIRECTOR (TREASURER THRU 10/28/24)

    Total calculated
    $0
    Hours/week
    1

  • Geoffrey Simon

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • John R Osterhaus

    VICE PRESIDENT (SECRETARY THRU 10/28/24)

    Total calculated
    $0
    Hours/week
    1

  • Judy Genshaft

    SECRETARY (AS OF 10/28/24)

    Total calculated
    $0
    Hours/week
    0.5

  • Miriam Katowitz

    TREASURER (VICE PRESIDENT THRU 10/28/24)

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Barbara K Streicker

    DIRECTOR (THRU 10/28/24)

    Total calculated
    $0
    Hours/week
    0.5

  • Barbara Toll

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Carol Atkinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Carole H Mallement

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • J Anthony Boeckh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jeffrey R Peterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • John B Hollister

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • John Ken Harrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kenneth H Sonnenfeld

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Marc R Rappaport

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Martin H Borell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mary E Rubin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Milton Maltz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Weisman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Virginia M Silver

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jeffrey Borenstein

    PRESIDENT & CEO

    Total calculated
    $648,461
    From this org
    $648,461
    From related orgs
    $0
    Other
    $0
    Hours/week
    35 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $600,000
    Bonus
    $0
    Other
    $48,461
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $648,461

  • Louis Innamorato CPA

    CFO

    Total calculated
    $465,224
    From this org
    $416,644
    From related orgs
    $0
    Other
    $48,580
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $385,000
    Bonus
    $0
    Other
    $31,644
    Deferred
    $0
    Nontaxable benefits
    $48,580
    Filer's total
    $465,224

  • Faith Rothblatt

    VP OF DEVELOPMENT

    Total calculated
    $333,713
    From this org
    $314,855
    From related orgs
    $0
    Other
    $18,858
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $285,000
    Bonus
    $0
    Other
    $29,855
    Deferred
    $0
    Nontaxable benefits
    $18,858
    Filer's total
    $333,713

  • John Bayat

    SENIOR ACCOUNTANT

    Total calculated
    $156,082
    From this org
    $155,635
    From related orgs
    $0
    Other
    $447
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $155,000
    Bonus
    $0
    Other
    $635
    Deferred
    $0
    Nontaxable benefits
    $447
    Filer's total
    $156,082

  • Lauren Duran

    VP OF MARKETING & COMMUNICATIONS

    Total calculated
    $253,957
    From this org
    $253,957
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $240,000
    Bonus
    $0
    Other
    $13,957
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $253,957

  • Peter Tarr

    EDITORIAL/WRITER DIRECTOR

    Total calculated
    $197,048
    From this org
    $178,190
    From related orgs
    $0
    Other
    $18,858
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $175,000
    Bonus
    $0
    Other
    $3,190
    Deferred
    $0
    Nontaxable benefits
    $18,858
    Filer's total
    $197,048

  • Sho Tin Chen

    DIRECTOR OF RESEARCH GRANTS

    Total calculated
    $260,925
    From this org
    $242,067
    From related orgs
    $0
    Other
    $18,858
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $228,000
    Bonus
    $0
    Other
    $14,067
    Deferred
    $0
    Nontaxable benefits
    $18,858
    Filer's total
    $260,925

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

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
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202513179349311186

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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