Ada Forsyth Institute Inc
- Assets
- $37.3m
- Revenue
- $21.7m
- Investments
- $1.4m
- Employees
- 168
- Location
- Cambridge, MA
- Founding
- 10/1937
- Data as of
- 06/2022
- EIN
- 04-2104230
Organization Overview
Ada Forsyth Institute Inc, operating under the name The Forsyth Institute, is located in Cambridge, MA. The organization was established in 1937. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Forsyth Institute employed 168 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forsyth Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Forsyth Institute generated $21.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $26.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Forsyth Institute has awarded 106 individual grants totaling $14,638,386. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOR MORE THAN 100 YEARS, FORSYTH HAS BEEN A LEADER IN ORAL HEALTH RESEARCH AND PEDIATRIC DENTAL CARE. TODAY, WE ARE GROUNDED IN A 3-PILLARED STRATEGIC PLAN FOCUSED ON BIOLOGICAL RESEARCH, CLINICAL SERVICE AND PUBLIC HEALTH OUTREACH, AND TECHNOLOGICAL INNOVATION.
Describe the Organization's Program Activity:
THE FORSYTH INSTITUTE IS THE ONLY INDEPENDENT RESEARCH INSTITUTE IN THE UNITED STATES FOCUSING ON THE CONNECTIONS BETWEEN ORAL HEALTH AND OVERALL WELLNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wenyuan Shi CEO & Chief Scientific Officer | OfficerTrustee | 45 | $442,104 |
Thomas Van Dyke VP Clinical & Trans. Res. | Officer | 45 | $311,763 |
Wanda Cordova CFO & Treasurer (until 4/30/22) | Officer | 45 | $275,126 |
Ibrahim Kantarci Senior Scientist | 45 | $251,918 | |
Carline Durocher General Legal Counsel & Sec | Officer | 45 | $222,856 |
Pramod Soparkar Senior Scientist | 45 | $221,860 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aqueduct Technologies Inc It Managed Services | 6/29/21 | $358,000 |
Foley Hoag Llp Legal | 6/29/21 | $123,540 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $308,243 |
| Related organizations | $0 |
| Government grants | $12,432,234 |
| All other contributions, gifts, grants, and similar amounts not included above | $625,635 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,366,112 |
| Total Program Service Revenue | $5,563,621 |
| Investment income | $529,801 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,250 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,193,492 |
| Net Income from Fundraising Events | -$12,147 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,708,148 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,412,436 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,181 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,395,260 |
| Compensation of current officers, directors, key employees. | $1,157,217 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,385,253 |
| Pension plan accruals and contributions | $396,703 |
| Other employee benefits | $1,685,860 |
| Payroll taxes | $714,267 |
| Fees for services: Management | $34,373 |
| Fees for services: Legal | $499,320 |
| Fees for services: Accounting | $81,029 |
| Fees for services: Lobbying | $61,400 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $319,760 |
| Advertising and promotion | $0 |
| Office expenses | $1,485,225 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,975,035 |
| Travel | $110,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $103,632 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,501,693 |
| Insurance | $206,627 |
| All other expenses | $63,902 |
| Total functional expenses | $25,966,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $535,271 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,577,687 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $311,668 |
| Net Land, buildings, and equipment | $4,271,293 |
| Investments—publicly traded securities | $28,271,458 |
| Investments—other securities | $1,374,514 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,341,891 |
| Accounts payable and accrued expenses | $2,714,467 |
| Grants payable | $0 |
| Deferred revenue | $442,061 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $3,000,000 |
| Other liabilities | $2,168,587 |
| Total liabilities | $8,325,115 |
| Net assets without donor restrictions | $28,949,648 |
| Net assets with donor restrictions | $67,128 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $37,341,891 |
Grants Awarded
Over the last fiscal year, Ada Forsyth Institute Inc has awarded $1,459,889 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHAM & WOMEN'S HOSPITAL PURPOSE: PROGRAM SUPPORT | $110,612 |
HARVARD UNIVERSITY PURPOSE: PROGRAM SUPPORT | $45,181 |
MARINE BIOLOGICAL LABORATORY PURPOSE: PROGRAM SUPPORT | $428,719 |
STATE UNIVERSITY OF NY PURPOSE: PROGRAM SUPPORT | $105,052 |
UNIVERSITY OF CHICAGO PURPOSE: PROGRAM SUPPORT | $88,847 |
UNIVERSITY OF FLORIDA PURPOSE: PROGRAM SUPPORT | $50,925 |