Sass Foundation For Medical Research Inc
- Assets
- $389.8k
- Revenue
- $351.5k
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 02/1987
- Data as of
- 09/2022
- EIN
- 11-2785757
Organization Overview
Sass Foundation For Medical Research Inc is located in New York, NY. The organization was established in 1987. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. As of 09/2022, Sass Foundation For Medical Research Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sass Foundation For Medical Research 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 09/2022, Sass Foundation For Medical Research Inc generated $351.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $232.9k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sass Foundation For Medical Research Inc has awarded 41 individual grants totaling $1,648,173. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE BETTER UNDERSTANDING OF CANCER & RELATED LIFE THREATENING DISEASES. TO EDUCATE ON THE THERAPIES & TREATEMENTS & TO FUND RESEARCH AIMED AT COMBATING THESE DISEASES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SPONSORS FELLOWSHIPS AND PROVIDES GRANTS TO FUNDRESEARCH ON CANCER AND RELATED DISEASES.
THE FOUNDATION HOSTS TWO ANNUAL BREAST/OVARIAN CANCER AWARENESS DAYS. THERE IS NO COST TO ATTEND THESE EVENTS AS ALL EXPENSES ARE PAID FOR BY THE ORGANIZATION. THE EVENTS ARE DEDICATED TO INFORM AND SUPPORT ALL WHO HAVE BEEN OR WILL BE AFFECTED BY BREAST AND OVARIAN CANCERS.VARIOUS SESSIONS WERE GIVEN BY PHYSICIANS AND OTHER EXPERTS IN THEIR FIELD IN ORDER TO EDUCATE THE ATTENDEES REGARDING PREVENTION, TREATMENT, SURGERY AND RECOVERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francis P Arena President & Co-Founder | OfficerTrustee | 1 | $0 |
Martin D Sass Chairman & Co-Founder | Trustee | 1 | $0 |
Barbara R Sass Chairwoman, Co-Founder, Tr | OfficerTrustee | 1 | $0 |
Lois Lerner Executive Director | Officer | 34 | $78,885 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $321,821 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,664 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $402,485 |
| Total Program Service Revenue | $0 |
| Investment income | $11,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,217 |
| Net Income from Fundraising Events | -$79,686 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $351,547 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $67,000 |
| 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 | $102,729 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,399 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,507 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,125 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,866 |
| All other expenses | $248 |
| Total functional expenses | $232,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,927 |
| Savings and temporary cash investments | $196,544 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,300 |
| 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 | $0 |
| Investments—publicly traded securities | $120,541 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $389,812 |
| Accounts payable and accrued expenses | $60,511 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $60,511 |
| Net assets without donor restrictions | $242,146 |
| Net assets with donor restrictions | $87,155 |
| 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 | $389,812 |
Grants Awarded
Over the last fiscal year, Sass Foundation For Medical Research Inc has awarded $55,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
IMEDEX LLC PURPOSE: RESEARCH AND EDUCATION - TO FUND RESEARCH PROJECTS TO COMBAT CANCER AND OTHER RELATED DISEASES | $10,000 |
FPID PURPOSE: TO SUPPORT THE SILVER LEVEL SPONSORSHIP FOR THE IMMUNODEFIENCY FOUNDATION GALA | $10,000 |
STONY BROOK FOUNDATION PURPOSE: RESEARCH AND EDUCATION - TO FUND RESEARCH PROJECTS TO COMBAT CANCER AND OTHER RELATED DISEASES | $15,000 |
LEUKEMIA & LYMPHOMA SOCIETY PURPOSE: DONATION PAID TO THE FOUNDATION | $10,000 |
THE BROOKLYN COLLEGE FOUNDATION PURPOSE: TO FUND A NEW CANCER CENTER | $10,000 |