Breakthrough T1d
- Assets
- $446.2m
- Revenue
- $223.8m
- Investments
- $393.3k
- Employees
- 570
- Location
- New York, NY
- Founding
- 04/1973
- Data as of
- 06/2023
- EIN
- 23-1907729
Organization Overview
Breakthrough T1d is located in New York, NY. The organization was established in 1973. According to its NTEE Classification (G80) the organization is classified as: Specifically Named Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2023, Breakthrough T1d employed 570 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Breakthrough T1d 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, Breakthrough T1d generated $223.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $215.8m during the year ending 06/2023. While expenses have increased by 1.6% per year over the past 8 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 2015, Breakthrough T1d has awarded 799 individual grants totaling $494,269,191. 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
IMPROVING LIVES BY ACCELERATING BREAKTHROUGHS TO CURE, PREVENT AND TREAT T1D. SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH FUNDING - FOR THE YEAR ENDED JUNE 30, 2023, JDRF DIRECTLY FUNDED RESEARCH GRANTS AND INDUSTRY AGREEMENTS FOR WHICH $98 MILLION IN RESEARCH GRANT EXPENSE, NET WAS RECOGNIZED ACCORDING TO GAAP IN ADDITION TO $20.5 MILLION OF PROGRAMMATIC RESEARCH INVESTMENTS THAT ARE RECORDED ON JDRF'S BALANCE SHEET. FOR AN EXPANDED DESCRIPTION OF PROGRAM SERVICE ACTIVITIES RELATED TO DIRECT RESEARCH FUNDING, SEE SCHEDULE O.
PUBLIC EDUCATION AND OUTREACH - JDRF EDUCATES THE COMMUNITY AND PROVIDES OUTREACH SERVICES TO NEWLY DIAGNOSED CHILDREN AND ADULTS, THEIR FAMILIES, AND OTHERS ABOUT TYPE 1 DIABETES (T1D) AND ITS COMPLICATIONS. FOR AN EXPANDED DESCRIPTION OF PROGRAM SERVICE ACTIVITIES RELATED TO PUBLIC EDUCATION AND OUTREACH, SEE SCHEDULE O.
RESEARCH SUPPORT - JDRF MAINTAINS AN IN-HOUSE TEAM OF SKILLED SCIENTIFIC, MEDICAL, POLICY, AND GOVERNMENT RELATIONS PROFESSIONALS WHO PLAY A CRITICAL ROLE IN LEADING AND SUPPORTING THE EVALUATION OF RESEARCH FUNDING OPPORTUNITIES BY JDRF AND INFLUENCING RESEARCH DIRECTION AND THE DISBURSEMENT OF RESEARCH FUNDS FROM OTHERS. THESE PROFESSIONALS ALSO WORK WITH REGULATORY AND POLICY OFFICIALS TO ENSURE THAT RESEARCH CAN PROCEED WITHOUT DELAY AND RESULTS ARE UNDERSTOOD BY HEALTHCARE DECISION MAKERS. FOR AN EXPANDED DESCRIPTION OF PROGRAM SERVICE ACTIVITIES RELATED TO RESEARCH SUPPORT, SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grant Beard Chair Of The Board | OfficerTrustee | 5 | $0 |
Michelle Griffin Vice Chair Of The Board (beg 7/22) | OfficerTrustee | 5 | $0 |
Michael Alter Chair, Funding Committee | Trustee | 5 | $0 |
Elizabeth Caswell Board Member | Trustee | 3 | $0 |
Steven Davis Board Member | Trustee | 3 | $0 |
Claudia Graham PHD Chair, Advocacy & Impact Committee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Innovation Cloud Llc It Consulting | 6/29/23 | $2,539,664 |
Centric Consulting Llc It Consulting | 6/29/23 | $652,660 |
Beyond Technologies Llc It Consulting | 6/29/23 | $593,830 |
Community Counseling Service Co Llc Fundraising Consulting | 6/29/23 | $539,974 |
Stanton Blackwell Project Management | 6/29/23 | $435,985 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,294,487 |
| Membership dues | $0 |
| Fundraising events | $102,388,737 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,402,976 |
| Noncash contributions included in lines 1a–1f | $10,223,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $190,086,200 |
| Total Program Service Revenue | $19,620,834 |
| Investment income | $7,848,897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $155,220 |
| Net Rental Income | $54,122 |
| Net Gain/Loss on Asset Sales | $1,383,582 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $800,383 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $223,798,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $74,336,017 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $27,474,250 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,303,720 |
| Compensation of current officers, directors, key employees. | $1,023,154 |
| Compensation to disqualified persons | $75,818 |
| Other salaries and wages | $52,321,178 |
| Pension plan accruals and contributions | $1,673,709 |
| Other employee benefits | $8,404,956 |
| Payroll taxes | $3,561,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $511,286 |
| Fees for services: Accounting | $273,000 |
| Fees for services: Lobbying | $518,889 |
| Fees for services: Fundraising | $2,370,683 |
| Fees for services: Investment Management | $564,894 |
| Fees for services: Other | $6,126,193 |
| Advertising and promotion | $3,500,633 |
| Office expenses | $843,646 |
| Information technology | $6,656,266 |
| Royalties | $0 |
| Occupancy | $4,907,753 |
| Travel | $2,567,798 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,290,693 |
| Interest | $4,009 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,182,809 |
| Insurance | $562,488 |
| All other expenses | $57,958 |
| Total functional expenses | $215,759,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,494,106 |
| Savings and temporary cash investments | $1,606,788 |
| Pledges and grants receivable | $50,188,103 |
| Accounts receivable, net | $2,859,833 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,689,096 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,110,542 |
| Net Land, buildings, and equipment | $10,078,950 |
| Investments—publicly traded securities | $270,968,509 |
| Investments—other securities | $393,344 |
| Investments—program-related | $63,438,834 |
| Intangible assets | $0 |
| Other assets | $18,359,982 |
| Total assets | $446,188,087 |
| Accounts payable and accrued expenses | $13,191,296 |
| Grants payable | $96,425,875 |
| Deferred revenue | $6,416,162 |
| 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 | $22,974,524 |
| Total liabilities | $139,007,857 |
| Net assets without donor restrictions | $247,180,317 |
| Net assets with donor restrictions | $59,999,913 |
| 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 | $446,188,087 |
Grants Awarded
Over the last fiscal year, Breakthrough T1d has awarded $74,336,017 in support to 101 organizations.
| Grant Recipient | Amount |
|---|---|
ADVENTHEALTH PURPOSE: PREVENTION | $310,840 |
ADVANCED REGENERATIVE MANUFACTURING INSTITUTE (ARMI) PURPOSE: BETA CELL REPLACEMENT | $823,255 |
ALBERT EINSTEIN COLLEGE OF MEDICINE PURPOSE: PSYCHOSOCIAL | $737,989 |
ANN & ROBERT H LURIE CHILDRENS HOSPITAL OF CHICAGO PURPOSE: PSYCHOSOCIAL | $223,981 |
ARIZONA BOARD OF REGENTS UNIVERSITY OF ARIZONA PURPOSE: BETA CELL REPLACEMENT | $783,788 |
AVERA MCKENNAN PURPOSE: PSYCHOSOCIAL | $1,520,870 |