Melvyn H Motolinsky Research Foundation
- Assets
- $770.3k
- Revenue
- $16.4k
- Investments
- $714.5k
- Employees
- 0
- Location
- North Brunswick, NJ
- Founding
- 01/1970
- Data as of
- 12/2022
- EIN
- 23-7039916
Organization Overview
Melvyn H Motolinsky Research Foundation is located in North Brunswick, NJ. The organization was established in 1970. According to its NTEE Classification (H30) the organization is classified as: Cancer Research, 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. Melvyn H Motolinsky Research Foundation 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, Melvyn H Motolinsky Research Foundation generated $16.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $31.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
RUTGERS FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patsy Davidson Secretary/vp | 0.57 | $0 | |
Nan B Motolinsky Board Member | 0.57 | $0 | |
Clifton R Lacey MD President | 0.77 | $0 | |
Aran Wetzler Board Member | 0.57 | $0 | |
Allen C Darwin Vice President | 0.77 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $523 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,085 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,293 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,067 |
| Total Revenue | $16,382 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $873 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,702 |
| Total operating and administrative expenses | $13,510 |
| Contributions, gifts, grants paid | $18,000 |
| Total expenses and disbursements | $31,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $55,830 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $770,332 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |