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Nonprofiteer
← ALZHEIMERS DRUG DISCOVERY FOUNDATION

Form 990 for tax year 2022

Filed by ALZHEIMERS DRUG DISCOVERY FOUNDATION.

Totals

Total revenue
$254,027,105
Total expenses
$36,842,901
Contributions and grants received
$249,842,003
Grants paid
$29,455,921
Program service revenue
$6,425,669
Investment income
-$2,054,312
Other revenue
-$186,255
Total assets, end of year
$340,253,841
Total liabilities, end of year
$56,741,667
Net assets or fund balances, end of year
$283,512,174
Program services expenses (Part IX)
$36,026,925
Management and general expenses
$0
Fundraising expenses
$815,976
Program service expenses (Part III)
$36,026,925

Program services were 97.8% 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.

  • 1c · Fundraising events

    $5,585,228

  • 1f · All other contributions, gifts and grants

    $244,256,775

  • 1g · Noncash contributions included above

    $14,190,352

  • 2a · Program service revenue: PRI INCOME

    total $6,415,669 · related or exempt $6,415,669

  • 2b · Program service revenue: CONFERENCE REG. FEES

    total $10,000 · related or exempt $10,000

  • 3 · Investment income

    total $857,675 · excluded $857,675

  • 7a · Gross sales of assets other than inventory

    securities $304,824,634

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

    securities $307,736,621

  • 7c · Gain or loss

    securities -$2,911,987

  • 7d · Net gain or loss

    total -$2,911,987 · excluded -$2,911,987

  • 8a · Fundraising events: gross income

    $291,055

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

    $5,585,228

  • 8b · Fundraising events: direct expenses

    $477,310

  • 8c · Net income from fundraising events

    total -$186,255 · excluded -$186,255

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $21,302,149 · program services $21,302,149

  • 3 · Grants to foreign organizations and individuals

    total $8,153,772 · program services $8,153,772

  • 5 · Compensation of officers, directors and key employees

    total $1,873,002 · program services $1,595,077 · fundraising $277,925

  • 7 · Other salaries and wages

    total $1,421,825 · program services $1,216,290 · fundraising $205,535

  • 8 · Pension plan contributions

    total $198,235 · program services $181,506 · fundraising $16,729

  • 9 · Other employee benefits

    total $278,464 · program services $248,767 · fundraising $29,697

  • 10 · Payroll taxes

    total $218,907 · program services $182,072 · fundraising $36,835

  • 11b · Fees: legal

    total $861,428 · program services $861,428

  • 11g · Fees: other

    total $259,895 · program services $259,895

  • 13 · Office expenses

    total $197,293 · program services $197,293

  • 14 · Information technology

    total $197,861 · program services $197,861

  • 16 · Occupancy

    total $567,218 · program services $567,218

  • 19 · Conferences, conventions and meetings

    total $527,708 · program services $527,708

  • 24a · Other expenses: PUBLIC RELATIONS

    total $267,012 · program services $267,012

  • 24b · Other expenses: VENUE, CATERING, AND OT

    total $249,255 · fundraising $249,255

  • 24c · Other expenses: RECRUITING

    total $138,144 · program services $138,144

  • 24d · Other expenses: AGING PROGRAM

    total $51,134 · program services $51,134

  • 24e · All other expenses

    total $79,599 · program services $79,599

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,342,550 · end of year $1,660,731

  • 2 · Savings and temporary cash investments

    beginning of year $24,683,523 · end of year $45,203,944

  • 3 · Pledges and grants receivable

    beginning of year $29,947,933 · end of year $213,144,667

  • 9 · Prepaid expenses and deferred charges

    beginning of year $72,474 · end of year $270,603

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

    $684,612

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

    $524,551

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $160,061

  • 11 · Investments: publicly traded securities

    beginning of year $51,304,846 · end of year $77,192,847

  • 15 · Other assets

    beginning of year $68,749 · end of year $2,620,988

  • 17 · Accounts payable and accrued expenses

    beginning of year $347,274 · end of year $2,594,953

  • 18 · Grants payable

    beginning of year $51,494,985 · end of year $50,849,708

  • 19 · Deferred revenue

    beginning of year $536,143 · end of year $637,024

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,659,982

  • 27 · Net assets without donor restrictions

    beginning of year $33,483,278 · end of year $61,551,323

  • 28 · Net assets with donor restrictions

    beginning of year $30,558,395 · end of year $221,960,851

Mission and programs · 2022

Mission

ACCELERATE THE DISCOVERY OF DRUGS TO PREVENT, TREAT AND CURE ALZHEIMER'S DISEASE AND RELATED DEMENTIAS.

Activities or mission (Part I)

ACCELERATE THE DISCOVERY OF DRUGS TO PREVENT AND TREAT ALZHEIMER'S DISEASE AND RELATED DEMENTIAS.

  • THE ALZHEIMER'S DRUG DISCOVERY FOUNDATION IS DEDICATED TO RAPIDLY ACCELERATING THE DISCOVERY OF DRUGS TO PREVENT, TREAT AND CURE ALZHEIMER'S DISEASE AND RELATED DEMENTIAS. THE ADDF IS SOLELY FOCUSED ON FUNDING THE DEVELOPMENT OF DRUGS FOR ALZHEIMER'S, EMPLOYING A VENTURE PHILANTHROPY MODEL TO SUPPORT RESEARCH IN ACADEMIA AND THE BIOTECH INDUSTRY.

    Expenses $36,026,925 · Grants $29,455,921 · Revenue $6,425,669

As filed on the 2022 return.

Listed in Part VII

  • Alice Shure

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Beatriz Illescas Putzeys-Claugus

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Bonnie Pfeifer Evans

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • David Weinreb

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Gary M Lauder

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Howard Fillit MD

    FOUNDING EXEC DIR AND CHIEF SCIENCE OFFICER

    Total calculated
    $620,379
    From this org
    $593,893
    From related orgs
    $0
    Other
    $26,486
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $584,005
    Bonus
    $0
    Other
    $9,888
    Deferred
    $1,913
    Nontaxable benefits
    $24,573
    Filer's total
    $620,379

  • Lanny Edelsohn MD

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Laurence Leeds Jr

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Leonard Lauder

    CO-CHAIRMAN /GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Melvin Goodes

    HONORARY GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Miia Kivipelto MD PhD

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Nancy Corzine

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Nancy Goodes

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Paula Zahn

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Randal Sandler

    CO-VICE CHAIRMAN & SECRETARY / GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Mohs PhD

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Belfer

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Roberta Diaz Brinton PhD

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Ronald Lauder

    CO-CHAIRMAN /GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Sally Susman

    HONORARY GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Sandra Day O'Connor

    HONORARY CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Sharon Sager

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas McWilliams

    CO-VICE CHAIRMAN & TREASURER / GOV.

    Total calculated
    $0
    Hours/week
    1

  • Thomas Smith Jr

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Karen Harris

    CFO AND HEAD OF MISSION RELATE

    Total calculated
    $331,815
    From this org
    $309,162
    From related orgs
    $0
    Other
    $22,653
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $307,098
    Bonus
    $0
    Other
    $2,064
    Deferred
    $12,200
    Nontaxable benefits
    $10,453
    Filer's total
    $331,815

  • Mark Roithmayr

    CEO

    Total calculated
    $573,133
    From this org
    $536,310
    From related orgs
    $0
    Other
    $36,823
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $533,142
    Bonus
    $0
    Other
    $3,168
    Deferred
    $12,200
    Nontaxable benefits
    $24,623
    Filer's total
    $573,133

  • Jane McIntosh

    CHIEF EXTERNAL AFFAIRS AND PHILANTHROPY OFFICER

    Total calculated
    $309,720
    From this org
    $309,720
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $309,000
    Bonus
    $0
    Other
    $720
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $309,720

  • Jennifer S Iselin

    DIRECTOR, SPECIAL EVENTS (OUTGOING)

    Total calculated
    $181,452
    From this org
    $169,733
    From related orgs
    $0
    Other
    $11,719
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,948
    Bonus
    $0
    Other
    $1,785
    Deferred
    $0
    Nontaxable benefits
    $11,719
    Filer's total
    $181,452

  • Laura Nisenbaum

    EXECUTIVE DIRECTOR, DRUG DEVELOPMENT

    Total calculated
    $453,181
    From this org
    $430,343
    From related orgs
    $0
    Other
    $22,838
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $403,279
    Bonus
    $25,000
    Other
    $2,064
    Deferred
    $12,200
    Nontaxable benefits
    $10,638
    Filer's total
    $453,181

  • Marina D'Emic

    DIRECTOR OF FINANCE

    Total calculated
    $184,751
    From this org
    $165,171
    From related orgs
    $0
    Other
    $19,580
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,828
    Bonus
    $15,000
    Other
    $343
    Deferred
    $0
    Nontaxable benefits
    $19,580
    Filer's total
    $184,751

  • Sarah Giardina

    ASSOCIATE DIRECTOR, DXA

    Total calculated
    $190,606
    From this org
    $171,406
    From related orgs
    $0
    Other
    $19,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,814
    Bonus
    $15,000
    Other
    $592
    Deferred
    $6,986
    Nontaxable benefits
    $12,214
    Filer's total
    $190,606

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 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE BONUSES REPORTED IN PART II, COLUMN B(II) WERE APPROVED BY THE CEO.

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

  • COGNITO THERAPEUTICS

    $4,556,150

    ALZHEIMERS RESEARCH

  • THE SCRIPPS RESEARCH INSTITUTE

    $3,000,000

    ALZHEIMERS RESEARCH

  • ACURASTEM INCORPORATED

    $2,927,453

    ALZHEIMERS RESEARCH

  • QUANTERIX CORPORATION

    $2,300,000

    ALZHEIMERS RESEARCH

  • MOLECULAR STETHOSCOPE INC

    $1,820,426

    ALZHEIMERS RESEARCH

  • MMS HOLDINGS

    $1,586,342

    ALZHEIMERS RESEARCH

  • MTI BIOTECH INC

    $1,450,000

    ALZHEIMERS RESEARCH

  • MASSACHUSETTS GENERAL HOSPITAL

    $963,533

    ALZHEIMERS RESEARCH

  • IMAGINOSTICS INC

    $725,274

    ALZHEIMERS RESEARCH

  • UNIVERSITY OF MINNESOTA

    $600,000

    ALZHEIMERS RESEARCH

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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349327799

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

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