Welfare Research Inc
- Assets
- $8.3m
- Revenue
- $56.6m
- Investments
- $0.0
- Employees
- 49
- Location
- Albany, NY
- Founding
- 11/1967
- Data as of
- 12/2021
- EIN
- 14-6046778
Organization Overview
Welfare Research Inc is located in Albany, NY. The organization was established in 1967. According to its NTEE Classification (P05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Human Services and related organizations. As of 12/2021, Welfare Research Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Welfare 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 12/2021, Welfare Research Inc generated $56.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 53.0% each year . All expenses for the organization totaled $56.1m during the year ending 12/2021. While expenses have increased by 53.4% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM SERVICES PROVIDED STUDIES, PROJECTS, AND OTHER RELATED RESEARCH IN THE AREA OF HUMAN SERVICES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darlene Ward Executive Director | Officer | 37.5 | $135,369 |
Lawrence Poitras CFO | Officer | 37.5 | $99,829 |
Ellen Unruh Associate Executive Direct | Officer | 37.5 | $87,581 |
Stanley Capela Treasurer | Trustee | 0.5 | $0 |
Ellen Conklin President | Trustee | 0.5 | $0 |
Joan Montbach Vice President | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $56,155,467 |
| All other contributions, gifts, grants, and similar amounts not included above | $187,263 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,342,730 |
| Total Program Service Revenue | $0 |
| Investment income | $2,838 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,602,277 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,777,968 |
| 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. | $381,073 |
| Compensation of current officers, directors, key employees. | $56,562 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,852,173 |
| Pension plan accruals and contributions | $64,007 |
| Other employee benefits | $250,056 |
| Payroll taxes | $185,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $492 |
| Fees for services: Accounting | $56,272 |
| 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 | $18,921 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,052 |
| Travel | $1,194 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $658 |
| Insurance | $12,970 |
| All other expenses | $20,955 |
| Total functional expenses | $56,058,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,721,324 |
| Pledges and grants receivable | $1,057,439 |
| 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 | $85,702 |
| Net Land, buildings, and equipment | $2,662 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,431,339 |
| Total assets | $8,298,466 |
| Accounts payable and accrued expenses | $447,302 |
| Grants payable | $0 |
| Deferred revenue | $5,779,587 |
| 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 | $3,297,355 |
| Total liabilities | $9,524,244 |
| Net assets without donor restrictions | -$1,225,778 |
| 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 | $8,298,466 |
Grants Awarded
Over the last fiscal year, Welfare Research Inc has awarded $35,777,968 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
OFFICE OF CHILDREN AND FAMILY SERVICES EMPIRE PANDEMIC RESPONSE FUND PURPOSE: THE EMPIRE PANDEMIC RESPONSE FUND SUPPORTS THE BRAVE WORKING FAMILIES WHO HAVE GOTTEN OUR STATE THROUGH THE PANDEMIC AND INTO REBUILDING AND ECONOMIC RECOVERY. | $27,131,287 |
CHAFEE FUNDS PROGRAM OF NEW YORK STATE PURPOSE: THE CHAFEE FUNDS PROGRAM OFFERS FINANCIAL AWARDS TO ELIGIBLE YOUTH WHO ARE CURRENTLY OR WERE IN FOSTER CASE TO ASSIST WITH EXPENSES INCURRED BETWEEN APRIL 1, 2020 AND SEPTEMBER 30, 2021 AS A RESULT OF THE COVID-19 PUBLIC HEALTH EMERGENCY. | $5,938,200 |
OFFICE OF CHILDREN AND FAMILY SERVICES EDUCATION AND TRAINING VOUCHERS PURPOSE: THE OFFICE OF CHILDREN AND FAMILY SERVICES EDUCATION AND TRAINING VOUCHERS HELPS YOUTH AGING OUT OF FOSTER CARE TO MAKE THE TRANSITION TO SELF-SUFFICIENCY AND RECEIVE THE EDUCATION, TRAINING AND SERVICES NECESSARY TO OBTAIN EMPLOYMENT. | $2,708,481 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Welfare Research Inc has recieved totaling $17.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Welfare Research Inc Albany, NY | $8,298,466 | $56,602,277 |
National Institute For Childrens Health Quality Inc Boston, MA | $3,326,753 | $7,992,976 |
Massachusetts Competitive Partnership Inc Boston, MA | $2,222,557 | $2,166,476 |
Rensselaerville Institute Albany, NY | $2,986,461 | $1,905,452 |
Engine Room Inc New York, NY | $2,787,005 | $1,374,014 |
Connecticut Voices For Children Inc New Haven, CT | $1,494,112 | $1,648,283 |
Rethinkx Inc New York, NY | $1,057,951 | $1,865,240 |
Agma Relief Fund New York, NY | $2,325,318 | $1,042,434 |
Policy Research International Inc Staten Island, NY | $242,786 | $77,500 |
Western Pennsylvania Family Center Pittsburgh, PA | $61,332 | $0 |
Work And Family Researchers Network Inc Ithaca, NY | $246,469 | $43,069 |
National Association Of Commissionsfor Women New York, NY | $100,227 | $0 |