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Nonprofiteer
← ADA FORSYTH INSTITUTE INC

Form 990 for tax year 2024

Filed by ADA FORSYTH INSTITUTE INC.

Totals

Total revenue
$33,325,590
Total expenses
$31,790,001
Contributions and grants received
$15,397,432
Grants paid
$1,712,387
Program service revenue
$16,773,008
Investment income
$1,108,152
Other revenue
$46,998
Total assets, end of year
$32,318,839
Total liabilities, end of year
$7,214,685
Net assets or fund balances, end of year
$25,104,154
Program services expenses (Part IX)
$20,339,992
Management and general expenses
$11,106,898
Fundraising expenses
$343,111
Program service expenses (Part III)
$20,339,992

Program services were 64.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Dr Wenyuan Shi

    CEO

    Total calculated
    $581,525
    From this org
    $528,648
    From related orgs
    $0
    Other
    $52,877
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $528,648
    Bonus
    $0
    Other
    $0
    Deferred
    $31,050
    Nontaxable benefits
    $21,827
    Filer's total
    $581,525

  • Raymond A Cohlmia DDS

    Director & Chair

    Total calculated
    $870,723
    From this org
    $0
    From related orgs
    $763,285
    Other
    $107,438
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $639,645 related
    Bonus
    $0 + $112,623 related
    Other
    $0 + $11,017 related
    Deferred
    $0 + $67,700 related
    Nontaxable benefits
    $0 + $39,738 related
    Filer's total
    $0 + $870,723 related

  • David Kochman

    Director (beginning 11/1/24)

    Total calculated
    $0
    Hours/week
    1

  • Dr J Leslie Winston

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Teresa Dolan

    Director (through 9/18/24)

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Elyse Cherry

    Director (through 9/18/24)

    Total calculated
    $9,790
    From this org
    $9,790
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • James M Boyle

    Director

    Total calculated
    $0
    Hours/week
    1

  • Maria Ryan

    Director (beginning 11/1/24)

    Total calculated
    $0
    Hours/week
    1

  • Michael Greeley

    Director

    Total calculated
    $12,811
    From this org
    $12,811
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Stephen Thorne IV

    Director

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Carline Durocher

    GENERAL LEGAL COUNSEL & SECRETARY (through 4/26/2024)

    Total calculated
    $783,602
    From this org
    $759,469
    From related orgs
    $0
    Other
    $24,133
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $80,516
    Bonus
    $0
    Other
    $678,953
    Deferred
    $11,914
    Nontaxable benefits
    $12,219
    Filer's total
    $783,602

  • David Reibel

    VP Legal, Clerk/Secretary (beginning 9/18/2024)

    Total calculated
    $108,023
    From this org
    $89,314
    From related orgs
    $0
    Other
    $18,709
    Hours/week
    45

  • Sok Cheng Soh

    CFO & TREASURER

    Total calculated
    $373,374
    From this org
    $330,739
    From related orgs
    $0
    Other
    $42,635
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $330,739
    Bonus
    $0
    Other
    $0
    Deferred
    $29,799
    Nontaxable benefits
    $12,836
    Filer's total
    $373,374

  • Benjamin Wu

    COO/CSO

    Total calculated
    $464,505
    From this org
    $407,506
    From related orgs
    $0
    Other
    $56,999
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $407,506
    Bonus
    $0
    Other
    $0
    Deferred
    $31,050
    Nontaxable benefits
    $25,949
    Filer's total
    $464,505

  • Dr Thomas Van Dyke

    SENIOR MEMBER OF VP CLINICAL & TRANS. RES.

    Total calculated
    $364,088
    From this org
    $326,686
    From related orgs
    $0
    Other
    $37,402
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $326,686
    Bonus
    $0
    Other
    $0
    Deferred
    $29,279
    Nontaxable benefits
    $8,123
    Filer's total
    $364,088

  • Mary Ellen Davey

    Full Professor

    Total calculated
    $293,606
    From this org
    $256,444
    From related orgs
    $0
    Other
    $37,162
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $248,766
    Bonus
    $7,678
    Other
    $0
    Deferred
    $23,047
    Nontaxable benefits
    $14,115
    Filer's total
    $293,606

  • Paula LaPalme

    Chief Administration & HR Officer

    Total calculated
    $293,327
    From this org
    $256,006
    From related orgs
    $0
    Other
    $37,321
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $256,006
    Bonus
    $0
    Other
    $0
    Deferred
    $22,325
    Nontaxable benefits
    $14,996
    Filer's total
    $293,327

  • Wei Hsu

    SENIOR MEMBER OF STAFF

    Total calculated
    $387,862
    From this org
    $323,593
    From related orgs
    $0
    Other
    $64,269
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $300,151
    Bonus
    $23,442
    Other
    $0
    Deferred
    $29,038
    Nontaxable benefits
    $35,231
    Filer's total
    $387,862

  • Xuesong He

    Full Professor

    Total calculated
    $267,800
    From this org
    $245,736
    From related orgs
    $0
    Other
    $22,064
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $223,639
    Bonus
    $22,097
    Other
    $0
    Deferred
    $21,048
    Nontaxable benefits
    $1,016
    Filer's total
    $267,800

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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)

Schedule J, Part I, Line 4a Severance or change-of-control payment
2024 severance payment to Carline Durocher in the amount of $678,953.
Schedule J, Part I, Line 7 Non-fixed payments
Bonuses paid are non-fixed. There is a review and approval by the executive team including the CEO, CFO and CHRO.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • FORSYTH INNOVATION LLC

    TECH DEV · DE · income $0 · assets $0

    Directly controlled by ADA FORSYTH INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.1
Source object
202533219349304003

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

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