Bedford Research Foundation Inc
- Assets
- $4.5m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 16
- Location
- Bedford, MA
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 04-3333682
Organization Overview
Bedford Research Foundation Inc is located in Bedford, MA. The organization was established in 1997. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 12/2021, Bedford Research Foundation Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bedford Research Foundation Inc 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 12/2021, Bedford Research Foundation Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $920.6k during the year ending 12/2021. While expenses have increased by 6.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
STEM CELL RESEARCH, PROSTATE DISEASE RESEARCH AND HIV RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERGENCY COVID-19 TESTING: IN RESPONSE TO THE EMERGENCY CALL FROM THE SECRETARY OF HEALTH AND HUMAN SERVICES FROM MASSACHUSETTS, THE ORGANIZATION, AS A NON-PROFIT INDEPENDENT RESEARCH ORGANIZATION, DETERMINED THAT AT THIS TIME OF CRISIS, THIS TIME OF ACTION WAS WITHIN ITS MISSION SCOPE AND UNDERTOOK THE COVID TESTING FOR THE NEXT SEVERAL MONTHS, MEETING THE NEEDS OF ITS IMMEDIATE COMMUNITY, AS WELL AS MANY MANAGED HEALTH CARE COMMUNITIES THROUGH OUT THE COMMONWEALTH OF MASSACHUSETTS. THE GOVERNORS COMMAND CENTER PRAISED THE ORGANIZATION FOR ITS AVAILABILITY TO RUN OVER 240 TEST PER DAY AND ITS ABILITY TO GET RESULTS WITHIN 24 HOURS.THE TESTING PROVIDED CRUCIAL RESULTS TO HOSPITALS, LONG-TERM CARE FACILITIES, AND SEVERAL OTHER MISCELLANEOUS ORGANIZATIONS WHEN TESTING WAS IN SHORT SUPPLY AND RESULTS TOOK LONGER THAN ONE WEEK TO BE RETURNED. (CONTINUED IN SCHEDULE O)THIS PROGRAM CONCLUDED IN 2021.
SPECIAL PROGRAM OF ASSISTED REPRODUCTION TAKES ADVANTAGE OF ASSITED REPRODUCTION TECHNOLOGY PROCEDURES TO ASSIST COUPLES ACHIEVE A PREGNANCY WHO WOULD OTHERWISE RISK TRANSMITTING THE FATHERS INFECTION TO THE MOTHER AND THE CHILD THROUGH INTERCOURSE. DURING THIS PROCESS, RESEARCHES GATHERED INFORMATION TO PREVENT THE TRANSMISSION OF SEXUALLY TRANSMITTED DESEASES. HIV RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Kiessling Ex-Officio | Trustee | 40 | $122,166 |
Ann Kiessling PHD President | OfficerTrustee | 40 | $90,666 |
Alan Geismer ESQ Chairman Of The Board | OfficerTrustee | 0.3 | $0 |
Larry Lafranchi MBA Treasurer | OfficerTrustee | 1 | $0 |
Lawrence R Jones Ms Director | Trustee | 0.3 | $0 |
Yael Schwartz PHD Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,633 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,371,395 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,451,028 |
| Total Program Service Revenue | $1,755,684 |
| Investment income | $61,630 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,634 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,260,708 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $212,832 |
| Compensation of current officers, directors, key employees. | $22,350 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $260,324 |
| Pension plan accruals and contributions | $8,511 |
| Other employee benefits | $5,225 |
| Payroll taxes | $42,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,168 |
| Fees for services: Accounting | $5,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,300 |
| Advertising and promotion | $6,706 |
| Office expenses | $21,016 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,301 |
| Travel | $1,884 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,783 |
| Insurance | $7,077 |
| All other expenses | $4,141 |
| Total functional expenses | $920,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $529,254 |
| Savings and temporary cash investments | $321,832 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,168 |
| 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 | $4,000 |
| Net Land, buildings, and equipment | $98,443 |
| Investments—publicly traded securities | $3,566,329 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,000 |
| Total assets | $4,535,026 |
| Accounts payable and accrued expenses | $28,785 |
| Grants payable | $0 |
| Deferred revenue | $36,853 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $65,638 |
| Net assets without donor restrictions | $4,469,388 |
| Net assets with donor restrictions | $0 |
| 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 | $4,535,026 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Bedford Research Foundation Inc has recieved totaling $26,061.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: FOR CHARITABLEPURPOSES | | $25,000 |
Naylor Family Foundation Elizabethtown, PA PURPOSE: GENERAL DONATION | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $262 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $49 |
Endowment Analysis
| Beg. Balance | $28,500 |
| Net Contributions | $28,000 |
| Other Expense | $31,500 |
| Ending Balance | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tufts Medical Center Parent Inc Braintree, MA | $132,535,337 | $31,702,650 |
Tri-Institutional Therapeutics Discovery Institute Inc New York, NY | $5,819,394 | $16,905,997 |
Community Partners In Action Inc Hartford, CT | $16,042,672 | $16,238,720 |
Zachary And Elizabeth M Fisher Center For Alzheimers Research Fdn New York, NY | $40,802,431 | $10,021,313 |
American Thrombosis And Hemostasisnetwork Inc Rochester, NY | $10,168,996 | $13,364,540 |
Football Research Inc New York, NY | $4,325,864 | $9,164,438 |
Institute For Protein Innovation Inc Boston, MA | $219,080,402 | $200,786,087 |
Center For Information And Study On Clinical Research Participation Boston, MA | $5,283,770 | $9,262,941 |
Vermont Oxford Network Inc Burlington, VT | $14,865,425 | $8,539,572 |
Bronx Veterans Medical Research Foundation Inc Bronx, NY | $9,078,068 | $8,272,955 |
Citizens Committee For Children Of New York New York, NY | $3,634,711 | $3,821,090 |
Clinical Directors Network Inc New York, NY | $2,473,338 | $3,992,902 |