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← NATIONAL ALLIANCE FOR RESEARCH ON SCHIZOPHRENIA AND DEPRESSION INC

Form 990 for tax year 2023

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

Totals

Total revenue
$21,666,231
Total expenses
$14,467,904
Contributions and grants received
$19,746,350
Grants paid
$10,443,150
Program service revenue
$0
Investment income
$1,735,482
Other revenue
$184,399
Total assets, end of year
$53,127,638
Total liabilities, end of year
$15,999,169
Net assets or fund balances, end of year
$37,128,469
Program services expenses (Part IX)
$11,846,300
Management and general expenses
$1,724,215
Fundraising expenses
$897,389
Program service expenses (Part III)
$11,846,300

Program services were 81.9% 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

    $19,764

  • 1c · Fundraising events

    $89,157

  • 1d · Related organizations

    $100,000

  • 1f · All other contributions, gifts and grants

    $19,537,429

  • 1g · Noncash contributions included above

    $2,661,886

  • 3 · Investment income

    total $908,148 · unrelated business $113,040 · excluded $795,108

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $6,461,751

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

    securities $5,634,417

  • 7c · Gain or loss

    securities $827,334

  • 7d · Net gain or loss

    total $827,334 · excluded $827,334

  • 8a · Fundraising events: gross income

    $107,076

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

    $89,157

  • 8b · Fundraising events: direct expenses

    $107,076

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: CHARITABLE REMAINDER TRUST

    total $184,399 · excluded $184,399

  • 11e · Other revenue, total

    $184,399

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,595,284 · program services $7,595,284

  • 2 · Grants to domestic individuals

    total $140,000 · program services $140,000

  • 3 · Grants to foreign organizations and individuals

    total $2,707,866 · program services $2,707,866

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $1,031,744 · program services $412,698 · management and general $412,698 · fundraising $206,348

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,577,691 · program services $631,077 · management and general $631,077 · fundraising $315,537

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $226,252 · program services $90,500 · management and general $90,500 · fundraising $45,252

  • 10 · Payroll taxes

    total $152,230 · program services $60,892 · management and general $60,892 · fundraising $30,446

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $22,430 · management and general $22,430

  • 11c · Fees: accounting

    total $70,371 · management and general $70,371

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $94,512 · management and general $94,512

  • 11g · Fees: other

    total $193,376 · program services $114,471 · management and general $21,670 · fundraising $57,235

  • 12 · Advertising and promotion

    total $29,704 · program services $14,852 · fundraising $14,852

  • 13 · Office expenses

    total $239,705 · program services $28,229 · management and general $89,356 · fundraising $122,120

  • 14 · Information technology

    total $85,430 · program services $34,172 · management and general $34,172 · fundraising $17,086

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $335,290 · program services $134,116 · management and general $134,116 · fundraising $67,058

  • 17 · Travel

    total $22,245 · program services $8,898 · management and general $8,898 · fundraising $4,449

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $15,264 · management and general $15,264

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $3,792 · program services $1,517 · management and general $1,517 · fundraising $758

  • 23 · Insurance

    total $25,585 · program services $10,234 · management and general $10,234 · fundraising $5,117

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

    total -$830,724 · program services -$830,724

  • 24b · Other expenses: SCIENTIFIC ADVANCEMENT

    total $261,342 · program services $261,342

  • 24c · Other expenses: NEWSLET.,BROCH. & ANN. REP.

    total $180,469 · program services $180,469

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

    total $122,456 · program services $122,456

  • 24e · All other expenses

    total $165,590 · program services $127,951 · management and general $26,508 · fundraising $11,131

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,436,324 · end of year $3,699,768

  • 2 · Savings and temporary cash investments

    beginning of year $14,563,967 · end of year $23,177,732

  • 3 · Pledges and grants receivable

    beginning of year $2,401,657 · end of year $421,788

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $168,012 · end of year $170,278

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

    $758,329

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

    $748,645

  • 10c · Land, buildings and equipment, net

    beginning of year $6,884 · end of year $9,684

  • 11 · Investments: publicly traded securities

    beginning of year $15,013,369 · end of year $18,075,618

  • 12 · Investments: other securities

    beginning of year $5,038,880 · end of year $5,501,519

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $2,182,588 · end of year $2,071,251

  • 17 · Accounts payable and accrued expenses

    beginning of year $136,047 · end of year $123,146

  • 18 · Grants payable

    beginning of year $15,522,195 · end of year $14,887,604

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,420,033 · end of year $988,419

  • 27 · Net assets without donor restrictions

    beginning of year $17,732,032 · end of year $26,453,772

  • 28 · Net assets with donor restrictions

    beginning of year $9,001,374 · end of year $10,674,697

Mission and programs · 2023

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 & DISTRIBUTE FUNDS FOR THE MOST PROMISING PSYCHIATRIC DISEASE RESEARCH IN ORDER TO DEV. NEW PREVENT. MEASURES, BETTER DIAGNOSIS & 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 $9,232,426 · Grants $9,232,426

  • 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 $1,574,494.(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 2023 THE REPORTING ORGANIZATION UTILIZED A GRANT WHICH PROVIDED ONLINE ADVERTISING, AT NO COST, HAVING A VALUE OF $473,791.

    Expenses $2,613,874 · Grants $1,210,724

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

Listed in Part VII

  • Jeffrey Borenstein

    President & CEO

    Total calculated
    $596,615
    From this org
    $596,615
    From related orgs
    $0
    Other
    $0
    Hours/week
    35 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $560,000
    Bonus
    $0
    Other
    $36,615
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $596,615

  • Louis Innamorato CPA

    CFO

    Total calculated
    $435,129
    From this org
    $389,241
    From related orgs
    $0
    Other
    $45,888
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $360,000
    Bonus
    $0
    Other
    $29,241
    Deferred
    $0
    Nontaxable benefits
    $45,888
    Filer's total
    $435,129

  • Faith Rothblatt

    VP of Development

    Total calculated
    $306,230
    From this org
    $288,317
    From related orgs
    $0
    Other
    $17,913
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $265,000
    Bonus
    $0
    Other
    $23,317
    Deferred
    $0
    Nontaxable benefits
    $17,913
    Filer's total
    $306,230

  • Lauren Duran

    VP of M&C

    Total calculated
    $240,435
    From this org
    $240,435
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $225,000
    Bonus
    $0
    Other
    $15,435
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $240,435

  • Sho Tin Chen

    Director of Research Grants

    Total calculated
    $237,522
    From this org
    $219,609
    From related orgs
    $0
    Other
    $17,913
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $210,000
    Bonus
    $0
    Other
    $9,609
    Deferred
    $0
    Nontaxable benefits
    $17,913
    Filer's total
    $237,522

  • Peter Tarr

    Editorial/Writer Director

    Total calculated
    $189,501
    From this org
    $171,585
    From related orgs
    $0
    Other
    $17,916
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $165,000
    Bonus
    $0
    Other
    $6,585
    Deferred
    $0
    Nontaxable benefits
    $17,916
    Filer's total
    $189,501

  • John Bayat

    Senior Accountant

    Total calculated
    $139,667
    From this org
    $139,459
    From related orgs
    $0
    Other
    $208
    Hours/week
    35

  • Geoffrey Simon

    Chairman

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Miriam Katowitz

    Vice President

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Donald M Boardman

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • John R Osterhaus

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Carol Atkinson

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • J Anthony Boeckh

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Martin H Borell

    Director (as of 3/4/23)

    Total calculated
    $0
    Hours/week
    0.5

  • Judy Genshaft

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • John Ken Harrison

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • John B Hollister

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Carole H Mallement

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Milton Maltz

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • Jeffrey R Peterson

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Marc R Rappaport

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Mary E Rubin

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Virginia M Silver

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Kenneth H Sonnenfeld

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Barbara K Streicker

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Barbara Toll

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Weisman

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 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

  • 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
2023
Filed
6 September 2024
IRS schema version
2023v5.1
Source object
202422509349301707

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