Donald Guthrie Foundation
- Assets
- $56.2m
- Revenue
- $6.1m
- Investments
- $2.9m
- Employees
- 18
- Location
- Sayre, PA
- Founding
- 06/1948
- Data as of
- 06/2020
- EIN
- 24-6022957
Organization Overview
Donald Guthrie Foundation is located in Sayre, PA. The organization was established in 1948. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. As of 06/2021, Donald Guthrie Foundation employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Donald Guthrie 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 06/2020, Donald Guthrie Foundation generated $6.1m 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 $2.8m during the year ending 06/2020. While expenses have increased by 2.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
RESEARCH INSTITUTE INCLUDES BASIC AND CLINICAL RESEARCH ACTIVITIES IN VARIOUS FIELDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH INSTITUTE - INCLUDES BASIC AND CLINICAL RESEARCH ACTIVITIES IN VARIOUS FIELDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Ulkins Chairman - Director | OfficerTrustee | 1 | $0 |
Burt Cagir MD Director - Administrator | OfficerTrustee | 55 | $0 |
Joseph A Scopelliti MD Dir; Ex-Off-Pres/ceo Tgc | Trustee | 55 | $0 |
Frederick J Bloom MD Director - President Gmg | Trustee | 55 | $0 |
Paul G Vervalin Director - Evp/coo Tgc | Trustee | 55 | $0 |
Frank G Belardi MD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $597,501 |
| Investment income | $1,033,526 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,581,771 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,059,366 |
| Statement of Expenses | |
|---|---|
| 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. | $180,224 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $855,115 |
| Pension plan accruals and contributions | $47,638 |
| Other employee benefits | $162,256 |
| Payroll taxes | $87,111 |
| Fees for services: Management | $143,001 |
| Fees for services: Legal | $1,520 |
| Fees for services: Accounting | $13,113 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,375 |
| Fees for services: Other | $271,949 |
| Advertising and promotion | $7,062 |
| Office expenses | $113,091 |
| Information technology | $109,635 |
| Royalties | $0 |
| Occupancy | $165,789 |
| Travel | $37,311 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,480 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $440,696 |
| Insurance | $50,204 |
| All other expenses | $0 |
| Total functional expenses | $2,785,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $298,401 |
| 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 | $113,891 |
| Investments—publicly traded securities | $46,314,716 |
| Investments—other securities | $2,881,645 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,987,716 |
| Total assets | $56,153,398 |
| Accounts payable and accrued expenses | $796,352 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $796,352 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $55,357,046 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Donald Guthrie Foundation has recieved totaling $187,420.
| Awarding Organization | Amount |
|---|---|
Everest Edwin Foundation Los Angeles, CA PURPOSE: RESEARCH | $109,420 |
Alliance Nctn Foundation Chicago, IL PURPOSE: INSTITUTIONAL SUPPORT FOR CANCER RESEARCH | $78,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Monell Chemical Senses Center Philadelphia, PA | $23,424,187 | $14,213,713 |
Trudeau Institute Inc Saranac Lake, NY | $32,912,621 | $8,396,635 |
Anatomic Gift Foundation Inc Hanover, MD | $4,059,955 | $5,937,892 |
Donald Guthrie Foundation Sayre, PA | $56,153,398 | $6,059,366 |
American Society For Investigative Pathology Inc Rockville, MD | $5,744,657 | $2,286,826 |
American Registry Of Pathology Rockville, MD | $2,932,614 | $1,614,624 |
Lymphatic Education & Research Network Inc Le&rn New York, NY | $3,889,093 | $4,129,686 |
Cincinnati Sports Med Res & Edu Fnd Cincinnati, OH | $5,240,527 | $886,540 |
Progressive Learning Inc Pikesville, MD | $4,537 | $0 |
Sass Foundation For Medical Research Inc Roslyn, NY | $349,661 | $364,188 |
Association For Pathology Informatics Inc Pittsburgh, PA | $165,500 | $362,691 |
The New Jersey Institute For Medical Research And Education Inc Red Bank, NJ | $234,007 | $408,852 |