Parkinsons Foundation Inc
- Assets
- $47.0m
- Revenue
- $48.3m
- Investments
- $0.0
- Employees
- 187
- Location
- New York, NY
- Founding
- 02/1959
- Data as of
- 06/2023
- EIN
- 13-1866796
Organization Overview
Parkinsons Foundation Inc is located in New York, NY. The organization was established in 1959. According to its NTEE Classification (H80) the organization is classified as: Specifically Named Diseases Research, under the broad grouping of Medical Research and related organizations. As of 06/2023, Parkinsons Foundation Inc employed 187 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parkinsons 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 06/2023, Parkinsons Foundation Inc generated $48.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $48.5m during the year ending 06/2023. While expenses have increased by 8.3% per year over the past 6 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.
Since 2018, Parkinsons Foundation Inc has awarded 1,238 individual grants totaling $62,288,969. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MAKE LIFE BETTER FOR PEOPLE WITH PARKINSON'S DISEASE BY IMPROVING CARE AND ADVANCING RESEARCH TOWARD A CURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PILLAR 2 - UNDERSTANDING PARKINSON'S THROUGH RESEARCH: THE MOST INNOVATIVE IDEAS AND CREATIVE RESEARCH INITIATIVES OFTEN COME FROM NEW INVESTIGATORS. THE FOUNDATION CURRENTLY INVESTS NEARLY $10 MILLION ANNUALLY IN THE MOST PROMISING RESEARCH. NOT ONLY ARE WE WORKING TO UNDERSTAND THE CAUSE AND PROGRESSION OF PARKINSON'S, WE ARE ALSO ATTRACTING TALENTED SCIENTISTS TO A CAREER IN PARKINSON'S RESEARCH AND FUNDING MORE INVESTIGATORS TO START CAREERS WORKING ON PARKINSON'S. WE IDENTIFY AND ADDRESS THE UNMET NEEDS OF PEOPLE WITH PD BY DRIVING CUTTING-EDGE RESEARCH. (CONTINUED ON SCHEDULE O)
PILLAR 1 - ENSURING BETTER CARE FOR EVERYONE: WE SET STANDARDS FOR EXPERT PARKINSON'S CARE THROUGH A GLOBAL CARE NETWORK. THESE CENTERS OF EXCELLENCE ARE RENOWNED FOR OUTSTANDING PERFORMANCE IN PARKINSON'S RESEARCH, CARE AND OUTREACH. OVER THE NEXT FEW YEARS, WE WILL SIGNIFICANTLY INCREASE THE NUMBER OF CENTERS OF EXCELLENCE IN THE NETWORK, GREATLY EXPANDING OUR OVERALL COVERAGE, AND FACILITATE INNOVATIVE SOLUTIONS LIKE TELEMEDICINE CARE TO REACH THE 90% OF PEOPLE WHO ARE NOT RECEIVING CARE FROM TRAINED SPECIALISTS. RESPONDING TO A NATIONWIDE SHORTAGE OF TRAINED SPECIALISTS, WE ARE CLOSING THE GAP IN PD PROFESSIONAL TRAINING (CONTINUED ON SCHEDULE O)
PILLAR 3 - EDUCATING AND EMPOWERING THE PARKINSON'S COMMUNITY: WE EDUCATE AND EMPOWER PEOPLE THROUGH THE NATIONAL NETWORK OF STAFF AND VOLUNTEERS. THE FOUNDATION IS THE FIRST ORGANIZATION TO FORM A PARKINSON'S ADVISORY COUNCIL AND THE FIRST TO TRAIN PEOPLE WITH PD TO PARTNER WITH SCIENTISTS ON RESEARCH. WE HELP PEOPLE LIVE WELL WITH PD BY PROVIDING FREE RESOURCES INCLUDING EDUCATIONAL BOOKS, WEBINARS, PODCASTS, A LIFE-SAVING HOSPITALIZATION KIT, AND A TOLL FREE NUMBER STAFFED BY PARKINSON'S SPECIALISTS WHO ANSWER NEARLY 25,000 CALLS ANNUALLY. (CONTINUED ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John L Lehr President & CEO | Officer | 40 | $505,647 |
Kayln Henkel Svp, Chief Advancement Officer | Officer | 40 | $265,508 |
Curtis DE Greff Asst Treas/svp, CFO Thru 12/22 | Officer | 40 | $251,650 |
James Beck Svp, Chief Scientific Officer | Officer | 40 | $264,871 |
Leilani Pearl Assistant Secretary/svp Cco | Officer | 40 | $239,431 |
Christiana Evers Vp, Chief Comm. Eng. Officer | Officer | 40 | $217,867 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fulgent Therapeutics Llc Genetic Testing | 6/29/23 | $1,365,175 |
Media Cause Inc Marketing Campaigns | 6/29/23 | $1,102,664 |
Print Mail Communications Mailshop | 6/29/23 | $1,304,223 |
Southeastern Printing Co Inc Storage/fullfillment | 6/29/23 | $995,407 |
Navitas Clinical Research Inc Genetics Initiative | 6/29/23 | $1,638,207 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,975,477 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,818,771 |
| Noncash contributions included in lines 1a–1f | $603,639 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,794,248 |
| Total Program Service Revenue | $0 |
| Investment income | $889,150 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$349,914 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,333,484 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,961,787 |
| Grants and other assistance to domestic individuals. | $160,662 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,530,939 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,598,309 |
| Compensation of current officers, directors, key employees. | $210,098 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,380,895 |
| Pension plan accruals and contributions | $679,458 |
| Other employee benefits | $1,701,866 |
| Payroll taxes | $1,037,621 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $262,774 |
| Fees for services: Accounting | $105,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175,967 |
| Fees for services: Other | $5,510,302 |
| Advertising and promotion | $1,821,902 |
| Office expenses | $2,130,106 |
| Information technology | $1,123,732 |
| Royalties | $0 |
| Occupancy | $1,211,219 |
| Travel | $1,062,729 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $685,157 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $496,077 |
| Insurance | $208,567 |
| All other expenses | $499,092 |
| Total functional expenses | $48,541,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $390,460 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,982,514 |
| 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 | $190,681 |
| Net Land, buildings, and equipment | $1,487,872 |
| Investments—publicly traded securities | $36,967,766 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,015,190 |
| Total assets | $47,034,483 |
| Accounts payable and accrued expenses | $3,143,213 |
| Grants payable | $10,357,143 |
| 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 | $1,525,473 |
| Total liabilities | $15,025,829 |
| Net assets without donor restrictions | $22,581,042 |
| Net assets with donor restrictions | $9,427,612 |
| 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 | $47,034,483 |
Grants Awarded
Over the last fiscal year, Parkinsons Foundation Inc has awarded $15,206,797 in support to 259 organizations.
| Grant Recipient | Amount |
|---|---|
FULGENT THERAPEUTICS LLC PURPOSE: CLINICAL | $1,942,300 |
NAVITAS CLINICAL RESEARCH INC PURPOSE: CLINCAL | $992,368 |
UNIVERSITY OF FLORIDA PURPOSE: Medical | $608,194 |
INDIANA UNIVERSITY PURPOSE: CLINICAL | $843,013 |
REGENTS OF THE UNIVERSITY OF MICHIGAN | | | $449,910 |
YALE UNIVERSITY | | | $415,000 |