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Nonprofiteer
← THE FOUNDATION FOR AIDS RESEARCH

Form 990 for tax year 2024

Filed by THE FOUNDATION FOR AIDS RESEARCH.

Totals

Total revenue
$34,783,944
Total expenses
$33,341,549
Contributions and grants received
$48,171,885
Grants paid
$6,385,611
Program service revenue
$0
Investment income
$1,647,098
Other revenue
-$15,035,039
Total assets, end of year
$57,990,840
Total liabilities, end of year
$20,919,426
Net assets or fund balances, end of year
$37,071,414
Program services expenses (Part IX)
$24,111,935
Management and general expenses
$2,929,129
Fundraising expenses
$6,300,485
Program service expenses (Part III)
$24,111,935

Program services were 72.3% 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

    $73,423

  • 1c · Fundraising events

    $29,733,448

  • 1e · Government grants (contributions)

    $10,086,808

  • 1f · All other contributions, gifts and grants

    $8,278,206

  • 1g · Noncash contributions included above

    $423,536

  • 3 · Investment income

    total $1,204,687 · excluded $1,204,687

  • 5 · Royalties

    total $50,122 · excluded $50,122

  • 6a · Gross rents

    real property $85,460

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $85,460

  • 6d · Net rental income or loss

    total $85,460 · excluded $85,460

  • 7a · Gross sales of assets other than inventory

    securities $6,412,661 · other assets $33,000

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

    securities $5,963,901 · other assets $39,349

  • 7c · Gain or loss

    securities $448,760 · other assets -$6,349

  • 7d · Net gain or loss

    total $442,411 · excluded $442,411

  • 8a · Fundraising events: gross income

    $1,124,500

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

    $29,733,448

  • 8b · Fundraising events: direct expenses

    $16,304,670

  • 8c · Net income from fundraising events

    total -$15,180,170 · excluded -$15,180,170

  • 9a · Gaming: gross income

    $3,030

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $3,030 · excluded $3,030

  • 10a · Gross sales of inventory

    $6,609

  • 10b · Cost of goods sold

    $477

  • 10c · Net income from sales of inventory

    total $6,132 · related or exempt $6,132

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $387 · excluded $387

  • 11e · Other revenue, total

    $387

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,458,236 · program services $2,458,236

  • 3 · Grants to foreign organizations and individuals

    total $3,927,375 · program services $3,927,375

  • 5 · Compensation of officers, directors and key employees

    total $3,227,862 · program services $2,254,592 · management and general $433,409 · fundraising $539,861

  • 7 · Other salaries and wages

    total $5,832,188 · program services $3,731,243 · management and general $629,084 · fundraising $1,471,861

  • 8 · Pension plan contributions

    total $370,930 · program services $228,891 · management and general $64,869 · fundraising $77,170

  • 9 · Other employee benefits

    total $2,070,570 · program services $1,296,701 · management and general $344,059 · fundraising $429,810

  • 10 · Payroll taxes

    total $570,431 · program services $357,000 · management and general $71,718 · fundraising $141,713

  • 11b · Fees: legal

    total $70,884 · program services $64,706 · management and general $6,146 · fundraising $32

  • 11c · Fees: accounting

    total $151,087 · management and general $151,087

  • 11e · Fees: professional fundraising services

    total $437,122 · fundraising $437,122

  • 11f · Fees: investment management

    total $189,622 · management and general $189,622

  • 11g · Fees: other

    total $1,582,161 · program services $500,471 · management and general $285,737 · fundraising $795,953

  • 12 · Advertising and promotion

    total $220,590 · program services $133,489 · management and general $4,470 · fundraising $82,631

  • 13 · Office expenses

    total $54,669 · program services $41,401 · management and general $10,138 · fundraising $3,130

  • 14 · Information technology

    total $215,959 · program services $142,195 · management and general $30,416 · fundraising $43,348

  • 16 · Occupancy

    total $1,670,454 · program services $1,098,793 · management and general $239,435 · fundraising $332,226

  • 17 · Travel

    total $1,212,853 · program services $373,067 · management and general $3,640 · fundraising $836,146

  • 19 · Conferences, conventions and meetings

    total $457,085 · program services $444,076 · management and general $11,778 · fundraising $1,231

  • 20 · Interest

    total $39,906 · program services $26,249 · management and general $5,720 · fundraising $7,937

  • 22 · Depreciation, depletion and amortization

    total $497,306 · program services $327,119 · management and general $71,281 · fundraising $98,906

  • 23 · Insurance

    total $223,073 · program services $146,733 · management and general $31,974 · fundraising $44,366

  • 24a · Other expenses: PROGRAM MATERIALS

    total $5,052,954 · program services $5,052,954

  • 24b · Other expenses: SUBSCRIPTION & DUES

    total $563,322 · program services $376,685 · management and general $75,887 · fundraising $110,750

  • 24c · Other expenses: PROGRAM TECHNICAL SUPPO

    total $528,383 · program services $528,383

  • 24d · Other expenses: INTERNET ACCESS

    total $417,364 · program services $92,119 · management and general $19,963 · fundraising $305,282

  • 24e · All other expenses

    total $1,299,163 · program services $509,457 · management and general $248,696 · fundraising $541,010

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,914,515 · end of year $2,741,510

  • 2 · Savings and temporary cash investments

    beginning of year $1,128,104 · end of year $1,514,582

  • 3 · Pledges and grants receivable

    beginning of year $70,732 · end of year $534,613

  • 4 · Accounts receivable

    beginning of year $5,146,670 · end of year $6,877,850

  • 8 · Inventories for sale or use

    beginning of year $92,130 · end of year $90,975

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,763,416 · end of year $1,957,091

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

    $7,945,073

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

    $6,229,173

  • 10c · Land, buildings and equipment, net

    beginning of year $2,062,644 · end of year $1,715,900

  • 11 · Investments: publicly traded securities

    beginning of year $36,477,231 · end of year $38,724,426

  • 15 · Other assets

    beginning of year $4,698,590 · end of year $3,833,893

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,125,286 · end of year $7,545,620

  • 18 · Grants payable

    beginning of year $32,446 · end of year $861,093

  • 19 · Deferred revenue

    beginning of year $6,592,061 · end of year $8,057,123

  • 21 · Escrow or custodial account liability

    beginning of year $18,000 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $1,398,459 · end of year $0

  • 25 · Other liabilities

    beginning of year $5,374,174 · end of year $4,455,590

  • 27 · Net assets without donor restrictions

    beginning of year $31,263,900 · end of year $33,384,965

  • 28 · Net assets with donor restrictions

    beginning of year $2,549,706 · end of year $3,686,449

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

AMFAR IS DEDICATED TO ENDING THE GLOBAL AIDS EPIDEMIC THROUGH INNOVATIVE RESEARCH. (SEE SCHEDULE O)

  • AS A LEADING NONPROFIT, AMFAR ADVANCES SCIENTIFIC DISCOVERY TO IMPROVE GLOBAL HEALTH, WITH A PRIMARY AND ENDURING COMMITMENT TO ENDING THE HIV/AIDS EPIDEMIC. SERVING AS A CATALYST FOR BREAKTHROUGH SCIENCE, AMFAR SUPPORTS INNOVATIVE RESEARCH IN AREAS WHERE VIRUSES AND THE IMMUNE SYSTEM PLAY A DEFINING ROLE, INCLUDING CANCER, NEUROLOGICAL CONDITIONS, AGING, AUTOIMMUNE DISORDERS, AND OTHER VIRAL DISEASES. FOR FURTHER DETAILS, SEE SCHEULE O.

    Expenses $12,787,908 · Grants $3,706,225 · Revenue $6,132

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $6,141,063 · Grants $2,649,385

  • PUBLIC INFORMATIONAMFAR TRANSLATES AND DISSEMINATES INFORMATION ON IMPORTANT HIV-RELATED RESEARCH, TREATMENT, PREVENTION, AND POLICY ISSUES FOR DIVERSE AUDIENCES TO INCREASE AWARENESS AND KNOWLEDGE OF THE PANDEMIC. AMFAR PUBLISHES A WIDE RANGE OF EDUCATIONAL MATERIALS, MAINTAINS AN INFORMATIVE WEBSITE, WORKS CLOSELY WITH THE MEDIA TO RAISE THE PROFILE OF HIV/AIDS, BOTH DOMESTICALLY AND INTERNATIONALLY, AND TO HELP ENSURE THE ACCURACY OF HIV-RELATED PRESS COVERAGE, AND ENGAGES RESPECTED PUBLIC FIGURES, SCIENTISTS, AND POLICYMAKERS IN COMMUNICATING THE NEED FOR CONTINUED RESEARCH TO DEVELOP NEW METHODS OF PREVENTION AND TREATMENT, AND A CURE FOR HIV. RAISING HIV AWARENESS ACROSS PLATFORMSAMFAR FREQUENTLY SPOTLIGHTS INFORMATION ABOUT HIV AND OTHER HEALTH CHALLENGES ACROSS DIFFERENT PLATFORMS TO REACH DIVERSE AUDIENCES.AMFAR PRODUCES PERIODICALS IN BOTH PRINT AND DIGITAL FORMATS, INCLUDING ITS NEWSLETTER, INNOVATIONS, DISTRIBUTED TO ABOUT 15,500 PEOPLE, AND A MONTHLY E-MAIL NEWSLETTER, INSIGHTS, DISTRIBUTED TO APPROXIMATELY 24,500 RECIPIENTS. THE FOUNDATION'S WEBSITEWWW.AMFAR.ORGFEATURES NEWS, INTERVIEWS, AND ORIGINAL ARTICLES COVERING HIV RESEARCH, POLICY, THE GLOBAL EPIDEMIC, AND AMFAR PROGRAMS AND ACTIVITIES. THE WEBSITE ATTRACTS AN AVERAGE OF 27,433 MONTHLY VISITS. AMFAR CREATES AND DISTRIBUTES REPORTS, PRESS RELEASES, AND UPDATES ON MAJOR HIV/AIDS ISSUES AND CONDUCTS PUBLIC SERVICE ADVERTISING CAMPAIGNS THAT HAVE BEEN INSTRUMENTAL IN EDUCATING POLICYMAKERS, HEALTHCARE PROFESSIONALS, PEOPLE LIVING WITH HIV/AIDS, AND THE PUBLIC. AMFAR'S PUBLIC INFORMATION TEAM ALSO WORKS CLOSELY WITH THE PUBLIC POLICY OFFICE AND TREAT ASIA STAFF (SEE ABOVE) TO PRODUCE A WIDE RANGE OF ISSUE BRIEFS, FACTS SHEETS, INFOGRAPHICS, AND REPORTS.FOR WORLD AIDS DAY 2024, AMFAR PARTNERED WITH MAC VIVA GLAM TO HOST A RECEPTION AND PANEL DISCUSSION TITLED "HIV/AIDS: HOW WE CAN ALL RISE TO THE CHALLENGE" ON DECEMBER 4, 2024, IN NEW YORK CITY. THE MODERATED DISCUSSION COVERED HIV CURE RESEARCH, STIGMA, AND THE ROLE OF YOUNGER PEOPLE IN ADVOCACY EFFORTS. PANELISTS INCLUDED AMFAR'S NEWLY APPOINTED VICE PRESIDENT OF RESEARCH, ANDREA GRAMATICA, PHD; ROBERT PITTS, MD, MEDICAL DIRECTOR, HIV PREVENTION AND PRIDE CENTER AT NYC HEALTH + HOSPITALS/BELLEVUE; AND KIARA ST. JAMES, CO-FOUNDER AND EXECUTIVE DIRECTOR OF NEW YORK TRANSGENDER ADVOCACY GROUP.THROUGHOUT THE YEAR, AMFAR ROLLED OUT A SOCIAL MEDIA CAMPAIGN, FACTS FOR LIFE, THAT EDUCATED FOLLOWERS ABOUT A RANGE OF HIV-RELATED TOPICS: RESEARCH, TREATMENT, TRANSMISSION RISK, PREP AND OTHER PREVENTION TOOLS, AND CURE RESEARCH, AMONG OTHERS. IN JUNE 2025, AMFAR EXHIBITED AT THE 29TH ANNUAL BROOKLYN PRIDE MULTICULTURAL FESTIVAL IN BROOKLYN, NEW YORK, TO HELP RAISE AWARENESS ABOUT HIV/AIDS AND THE VITAL WORK THE ORGANIZATION DOES.

    Expenses $3,219,765

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $1,963,199 · Grants $30,001

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • T Ryan Greenwalt

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kevin McClatchy

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Robert L Traynham II

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Donald Dye

    TREASURER, THRU MARCH 2025

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Schoenfeld

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Amy Andelson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Glen Isaacson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Lorber

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Anthony Mancilla

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Aron Marquez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Larry Milstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Cindy Rachofsky

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Vincent A Roberti

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Merv Silverman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Phill Wilson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kevin Frost

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $677,567
    From this org
    $543,683
    From related orgs
    $0
    Other
    $133,884
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $482,360
    Bonus
    $25,000
    Other
    $36,323
    Deferred
    $47,150
    Nontaxable benefits
    $86,734
    Filer's total
    $677,567

  • Bradley Jensen Assistant

    TREASURER/CFO, THRU JULY 2025

    Total calculated
    $467,806
    From this org
    $376,610
    From related orgs
    $0
    Other
    $91,196
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $376,610
    Bonus
    $0
    Other
    $0
    Deferred
    $24,150
    Nontaxable benefits
    $67,046
    Filer's total
    $467,806

  • Sebastian Gheith

    GENERAL COUNSEL, ASST SECRETARY

    Total calculated
    $303,473
    From this org
    $201,976
    From related orgs
    $0
    Other
    $101,497
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,976
    Bonus
    $0
    Other
    $0
    Deferred
    $14,763
    Nontaxable benefits
    $86,734
    Filer's total
    $303,473

  • Shawn Davidson Chief

    FINANCIAL AND OPERATING OFFICER

    Total calculated
    $0
    Hours/week
    40

  • Shkendije Kaba

    ASSISTANT TREASURER, CONTROLLER

    Total calculated
    $0
    Hours/week
    40

  • Ronald Kirk Assistant Treasurer

    CONTROLLER, THRU JUNE 2025

    Total calculated
    $232,879
    From this org
    $191,077
    From related orgs
    $0
    Other
    $41,802
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,077
    Bonus
    $0
    Other
    $0
    Deferred
    $13,642
    Nontaxable benefits
    $28,160
    Filer's total
    $232,879

  • Kyle Clifford

    VICE PRESIDENT OF DEVELOPMENT

    Total calculated
    $380,255
    From this org
    $292,133
    From related orgs
    $0
    Other
    $88,122
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $292,133
    Bonus
    $0
    Other
    $0
    Deferred
    $21,076
    Nontaxable benefits
    $67,046
    Filer's total
    $380,255

  • Annette Sohn

    VICE PRESIDENT, TREAT ASIA

    Total calculated
    $312,445
    From this org
    $282,080
    From related orgs
    $0
    Other
    $30,365
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $282,080
    Bonus
    $0
    Other
    $0
    Deferred
    $19,750
    Nontaxable benefits
    $10,615
    Filer's total
    $312,445

  • Gregorio Millet

    VICE PRESIDENT, PUBLIC POLICY

    Total calculated
    $416,078
    From this org
    $325,758
    From related orgs
    $0
    Other
    $90,320
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $325,758
    Bonus
    $0
    Other
    $0
    Deferred
    $23,274
    Nontaxable benefits
    $67,046
    Filer's total
    $416,078

  • Anthony Ancona

    VICE PRESIDENT OF HUMAN RESOURCES

    Total calculated
    $293,691
    From this org
    $211,292
    From related orgs
    $0
    Other
    $82,399
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,292
    Bonus
    $0
    Other
    $0
    Deferred
    $15,353
    Nontaxable benefits
    $67,046
    Filer's total
    $293,691

  • Andrew McInnes

    DIRECTOR, PUBLICATIONS

    Total calculated
    $279,071
    From this org
    $197,892
    From related orgs
    $0
    Other
    $81,179
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,892
    Bonus
    $0
    Other
    $0
    Deferred
    $14,133
    Nontaxable benefits
    $67,046
    Filer's total
    $279,071

  • Emma Kostura

    DIRECTOR, PHILANTHROPY

    Total calculated
    $218,853
    From this org
    $142,196
    From related orgs
    $0
    Other
    $76,657
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,196
    Bonus
    $0
    Other
    $0
    Deferred
    $4,159
    Nontaxable benefits
    $72,498
    Filer's total
    $218,853

  • Christopher Frederick

    SPECIAL EVENTS DIRECTOR

    Total calculated
    $264,813
    From this org
    $196,451
    From related orgs
    $0
    Other
    $68,362
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,451
    Bonus
    $0
    Other
    $0
    Deferred
    $14,083
    Nontaxable benefits
    $54,279
    Filer's total
    $264,813

  • Bennah Serfaty

    SENIOR DIRECTOR OF COMMUNICATIONS

    Total calculated
    $251,086
    From this org
    $153,102
    From related orgs
    $0
    Other
    $97,984
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,102
    Bonus
    $0
    Other
    $0
    Deferred
    $11,250
    Nontaxable benefits
    $86,734
    Filer's total
    $251,086

  • James Shakleford Former

    VP OF PUBLIC INFORMATION

    Total calculated
    $193,251
    From this org
    $163,552
    From related orgs
    $0
    Other
    $29,699
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $163,552
    Bonus
    $0
    Other
    $0
    Deferred
    $11,211
    Nontaxable benefits
    $18,488
    Filer's total
    $193,251

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
CHIEF EXECUTIVE OFFICER, KEVIN FROST, PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. IN CALENDAR YEAR 2024, AMFAR CONTRIBUTED $36,323 INTO MR. FROST'S NON-QUALIFIED RETIREMENT PLAN. THIS AMOUNT IS NOT REPORTED IN SCHEDULE J, PART II, COLUMN (C) BECAUSE THE CONTRIBUTION AMOUNT WAS DISTRIBUTED TO MR. FROST WITHIN THE SAME CALENDAR YEAR. INCLUDED IN SCHEDULE J, COLUMN (B) (III) IS MR. FROST'S 2024 EMPLOYER-FUNDED 457(F) CONTRIBUTION OF $36,323.
PART I, LINE 7
THE ORGANIZATION PAID BOARD APPROVED DISCRETIONARY BONUSES TO CERTAIN INDIVIDUALS LISTED IN PART II AS REPORTED IN COLUMN B(II) FOR THE APPLICABLE INDIVIDUALS.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
21 July 2026
IRS schema version
2024v5.5
Source object
202632029349300118

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

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