The Foundation For Developmental Medicine Inc is located in Brooklyn, NY. The organization was established in 1990. 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. Foundation For Developmental Medicine 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, Foundation For Developmental Medicine Inc generated $62.5k 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 (10.2%) each year. All expenses for the organization totaled $50.3k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (14.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION PROVIDES CLINICAL, MEDICAL AND EDUCATIONAL SERVICES TO OTHER NOT-FOR-PROFIT INSTITUTIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jon Michnovicz President | 5 | $0 | |
Frank Cosentino Treasurer | 10 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $62,500 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $62,500 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $46,861 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $3,466 |
Total expenses | $50,327 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $90,473 |
Other assets | $0 |
Total assets | $90,473 |
Total liabilities | $434 |
Net assets or fund balances | $90,039 |