Albert & Mary Lasker Foundation Inc
- Assets
- $88.4m
- Revenue
- $2.8m
- Investments
- $80.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1944
- Data as of
- 12/2022
- EIN
- 13-1680062
Organization Overview
Albert & Mary Lasker Foundation Inc is located in New York, NY. The organization was established in 1944. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albert & Mary Lasker 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 12/2022, Albert & Mary Lasker Foundation Inc generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $4.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Albert & Mary Lasker Foundation Inc has awarded 61 individual grants totaling $6,601,998. 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 Program Activity:
THE ALBERT AND MARY LASKER MEDICAL RESEARCH AWARDS RECOGNIZE AND HONOR INDIVIDUALS OR GROUPS WHO HAVE MADE SIGNIFICANT CONTRIBUTIONS IN BASIC OR CLINICAL RESEARCH AND IN SPECIAL ACHIEVEMENT OR PUBLIC SERVICE ON BEHALF OF HEALTH AND MEDICAL RESEARCH IN THE DISEASES THAT ARE THE MAIN CAUSES OF DEATH AND DISABILITY.
OTHER PROGRAMS SUPPORT NEW INITIATIVES THAT FURTHER THE FOUNDATION'S MISSION. THESE INITIATIVES INCLUDE EDUCATIONAL FORUMS, SCHOLARLY STUDY, AND STUDY GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alfred Sommer MD Mhs Director | 1 | $0 | |
Christopher W Brody Director | 1 | $0 | |
William H Hammond Director | 1 | $0 | |
Marshall W Fordyce MD Sec & Treas/dir | 1 | $0 | |
Joseph L Goldstein MD Director | 1 | $0 | |
Solomon Snyder MD Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New Venture Fund | 12/30/22 | $100,000 |
Crewcial Partners Llc | 12/30/22 | $201,124 |
R&s Chrysler Llc | 12/30/22 | $292,666 |
Rubenstein Communication Inc | 12/30/22 | $111,183 |
Bencivenga Ward & Company Cpas Pc | 12/30/22 | $195,889 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $678,714 |
| Interest on Savings | $8,020 |
| Dividends & Interest | $673,697 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,238,620 |
| Capital Gain Net Income | $1,799,052 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $170,383 |
| Total Revenue | $2,769,434 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $511,201 |
| Other employee salaries and wages | $537,645 |
| Pension plans, employee benefits | $199,094 |
| Interest | $0 |
| Taxes | -$94,301 |
| Depreciation | $7,425 |
| Occupancy | $272,815 |
| Travel, conferences, and meetings | $39,498 |
| Printing and publications | $11,993 |
| Other expenses | $1,239,913 |
| Total operating and administrative expenses | $3,845,605 |
| Contributions, gifts, grants paid | $980,000 |
| Total expenses and disbursements | $4,825,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282,955 |
| Savings and temporary cash investments | $6,049,130 |
| Net Accounts receivable | $22,547 |
| Net Pledges Receivable | $263,352 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $340,440 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $72,544,260 |
| Net Land, buildings, and equipment | $9,930 |
| Other assets | $808,174 |
| Total assets | $88,411,911 |
| Accounts payable and accrued expenses | $212,123 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,026,385 |
| Total liabilities | $1,238,508 |
Grants Awarded
Over the last fiscal year, Albert & Mary Lasker Foundation Inc has awarded $980,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
RESEARCH AMERICA PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
NATIONAL ACADEMY OF SCIENCES PURPOSE: CONTRIBUTION IN SUPPORT OF SEED PROJECT - UKRAIN | $150,000 |
IBIOLOGY PURPOSE: SHARE YOUR RESEARCH PRGM | $20,000 |
ERKKI RUOSLAHTI PURPOSE: GENERAL AWARD | $100,000 |
TIMOTHY A SPRINGER PURPOSE: GENERAL AWARD | $100,000 |
DENNIS LO PURPOSE: GENERAL AWARD | $250,000 |