Malmonides Research And Development Foundation
- Assets
- $18.5m
- Revenue
- -$315.6k
- Investments
- $3.0m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 01/1983
- Data as of
- 12/2020
- EIN
- 11-2608229
Organization Overview
Malmonides Research And Development Foundation is located in Brooklyn, NY. The organization was established in 1983. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Malmonides Research And Development Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
MAIMONIDES RESEARCH AND DEVELOPMENT FOUNDATION AWARDS GRANTS FOR RESEARCH AND DEVELOPMENT ACTIVITIES PRIMARILY TO PHYSICIANS ASSOCIATED WITH MAIMONIDES MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURES FOR GRANTS REPRESENT FUNDS AWARDED BY THE FOUNDATION'S BOARD OF DIRECTORS FOR MEDICAL RESEARCH AND DEVELOPMENT PROJECTS. INCLUDED IN EXPENSES ARE $92,009 RESEARCH RELATED ADMINISTRATIVE FEES. REVENUE IS GENERATED FROM RENTAL INCOME PRODUCED BY PROVIDING FACILITIES TO MAIMONIDES MEDICAL CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Borgen MD President/medical Dir | OfficerTrustee | 0.5 | $0 |
Steven Eisenstadt Chairman | OfficerTrustee | 0.5 | $0 |
Robert Machinist Vice President | OfficerTrustee | 0.5 | $0 |
Donna Astion MD Treasurer/secr 1/1-6/30/21 | OfficerTrustee | 0.5 | $0 |
Laurie Weinstein Secretary As Of 7/1/2021 | Officer | 0.5 | $0 |
Kenneth Gibbs Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,000 |
| Total Program Service Revenue | $275,000 |
| Investment income | $407,917 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,009,511 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$315,594 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $183,369 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $82,684 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $55,749 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $79,719 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $798 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,215 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115 |
| Insurance | $0 |
| All other expenses | $17 |
| Total functional expenses | $407,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,397,378 |
| Savings and temporary cash investments | $95,365 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $425,686 |
| Investments—publicly traded securities | $13,597,004 |
| Investments—other securities | $3,005,903 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,521,336 |
| Accounts payable and accrued expenses | $45,500 |
| Grants payable | $453,208 |
| Deferred revenue | $0 |
| 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 | $12,721 |
| Total liabilities | $511,429 |
| Net assets without donor restrictions | $18,009,907 |
| 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 | $18,521,336 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Malmonides Research And Development Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Marvin And Barbara Eisenstadt Charitable Foundation Pittsburgh, PA PURPOSE: GENERAL | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcelerate Biopharma Inc West Conshohocken, PA | $50,373,384 | $31,090,660 |
Tufts Medical Center Parent Inc Braintree, MA | $132,535,337 | $31,702,650 |
Lankenau Institute For Medical Research Wynnewood, PA | $8,021,343 | $9,109,367 |
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 |
Coalition Of Cancer Cooperative Groups Philadelphia, PA | $21,235,863 | $14,701,631 |
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 |