Kessler Foundation Inc is located in East Hanover, NJ. The organization was established in 1998. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Kessler Foundation Inc employed 209 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kessler Foundation 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 12/2023, Kessler Foundation Inc generated $33.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $34.1m during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 9 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 2014, Kessler Foundation Inc has awarded 314 individual grants totaling $19,316,226. 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
THE FOUNDATION HAS TWO PRIMARY MISSIONS: TO CONDUCT WORLD-CLASS MEDICAL REHABILITATION RESEARCH AND TO INDENIFY AND FUND PROGRAMS TO IMPROVE EMPLOYMENT FOR THOSE WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH CENTER: KESSLER FOUNDATION RESEARCHERS IMPROVE THE QUALITY OF LIFE FOR PEOPLE WITH PHYSICAL AND COGNITIVE DISABILITIES THROUGH REHABILITATION RESEARCH IN ITS TEN (10) SPECIALIZED CENTERS UNDER THE LEADERSHIP OF NOTED RESEARCH DIRECTORS: MOBILITY AND REHABILITATION ENGINEERING RESEARCH; NEUROPSYCHOLOGY & NEUROSCIENCE RESEARCH; EMPLOYMENT AND DISABILITY RESEARCH; SPINAL CORD INJURY RESEARCH; STROKE REHABILITATION RESEARCH; TRAUMATIC BRAIN INJURY RESEARCH; OUTCOMES AND ASSESSMENT RESEARCH; AUTISM RESEARCH; TIM & CAROLINE REYNOLDS CENTER FOR SPINAL STIMULATION AND ROCCO ORTENZIO NEUROIMAGING CENTER. WHILE THE STAFF OF EACH CENTER HAS EXPERTISE IN PARTICULAR AREAS, COLLABORATION AMONG FOUNDATION RESEARCHERS AS WELL AS WITH COLLABORATORS FROM AROUND THE US AND THE WORLD, ENHANCES PROGRESS TOWARD FINDING WAYS TO OVERCOME THE OBSTACLES FACED BY PEOPLE WITH DISABILITIES CAUSED BY BRAIN INJURY, SPINAL CORD INJURY, MULTIPLE SCLEROSIS, ARTHRITIS, AND OTHER CHRONIC NEUROLOGICAL AND ORTHOPEDIC CONDITIONS. THE FOUNDATION HAS THE DISTINCTION OF HAVING THE ONLY 3T MRI SCANNER SOLELY DEVOTED TO REHABILITATION RESEARCH IN THE UNITED STATES. SINCE 1998, THE FOUNDATION HAS INVESTED $161 MILLION IN RESEARCH, IN ADDITION TO $150 MILLION FOR RESEARCH FUNDED BY FEDERAL, STATE AND PRIVATE SOURCES. IN 2023, THE FOUNDATION RECEIVED OVER $22 MILLION IN NEW FEDERAL, STATE, AND PRIVATE GRANTS AND CONTRACTS. TWO FEDERAL MODEL SYSTEM GRANTS ESTABLISH KESSLER FOUNDATION AS A CENTER OF EXCELLENCE FOR BOTH TRAUMATIC BRAIN INJURY (TBI) AND SPINAL CORD INJURY (SCI) RESEARCH. MODEL SYSTEMS ARE COMPREHENSIVE NETWORKS THAT PROMOTE INDEPENDENT AND COLLABORATIVE RESEARCH THAT WILL IMPROVE THE NATIONAL STANDARD OF CARE FOR INDIVIDUALS WITH THESE DEVASTATING INJURIES. MODEL SYSTEMS ARE FUNDED BY LARGE, MULTI-YEAR GRANTS SPONSORED BY THE NATIONAL INSTITUTE ON DISABILITY, INDEPENDENT LIVING AND REHABILITATION RESEARCH. KESSLER FOUNDATION IS ONE OF ONLY SIX CENTERS IN THE UNITED STATES TO HAVE DUAL MODEL SYSTEMS: NORTHERN NEW JERSEY SCI SYSTEM AND NORTHERN NEW JERSEY TBI SYSTEM. THESE MODEL SYSTEMS ARE COLLABORATIVE EFFORTS WITH RUTGERS UNIVERSITY-NJ MEDICAL SCHOOL AND KESSLER INSTITUTE FOR REHABILITATION. IN 2018, THE BOARD OF TRUSTEES APPROVED A STRATEGIC AREA OF RESEARCH IN THE FIELD OF TRANSCUTANEOUS AND EPIDURAL STIMULATION TO IMPROVE FUNCTION FOR PEOPLE WITH SPINAL CORD INJURIES. IN EARLY 2020, THE FOUNDATION COMPLETED CONSTRUCTION OF THE TIM & CAROLINE REYNOLDS CENTER, A 11,000 SQUARE FOOT SCIENCE BUILDING TO HOUSE STAFF, LABORATORIES AND STATE-OF-THE-ART EQUIPMENT.
PROGRAM CENTER: KESSLER FOUNDATION FOCUSES ON INCREASING EMPLOYMENT OPPORTUNITIES FOR PEOPLE WITH DISABILITIES THROUGH ITS SIGNATURE EMPLOYMENT AND COMMUNITY EMPLOYMENT GRANTMAKING PROGRAMS WHICH FUND LOCAL AND NATIONAL PROGRAMS AIMED TO INCREASE THE PERCENTAGE OF AMERICANS WITH DISABILITIES IN THE WORKFORCE. SPECIAL INITIATIVE GRANTS, AN INVITATION ONLY PROGRAM, ARE AWARDED TO PROJECTS AND ORGANIZATIONS THAT OPERATE WITHIN THE BROAD SPECTRUM OF REHABILITATION AND PHYSICAL DISABILITIES PRIMARILY IN NEW JERSEY. RATES OF UNEMPLOYMENT AND UNDEREMPLOYMENT ARE UNACCEPTABLY HIGH AMONG THE MILLIONS OF PEOPLE WITH DISABILITIES IN THE UNITED STATES. BY WORKING FULL OR PART-TIME, WITH TRAINING AND SUPPORT, MANY PEOPLE CAN FIND MEANINGFUL EMPLOYMENT AND REAP THE BENEFITS OF GREATER INDEPENDENCE AND SELF-ESTEEM. HAVING A JOB ENHANCES SOCIAL INTERACTION AND ACCEPTANCE IN THE COMMUNITY, WHICH CONTRIBUTE TO A BETTER QUALITY OF LIFE. ALTHOUGH INDIVIDUALS LIVING WITH DISABILITIES REPRESENT THE LARGEST MINORITY GROUP SEEKING EMPLOYMENT IN TODAY'S MARKETPLACE, THEY ARE OFTEN NOT CONSIDERED AN INTEGRAL COMPONENT OF CORPORATE DIVERSITY PROGRAMS. THROUGH OUR STRATEGIC FOCUS ON EMPLOYMENT, KESSLER FOUNDATION HAS INVESTED OVER $57 MILLION SINCE 1998 IN ORGANIZATIONS THAT WORK TO CREATE JOB OPPORTUNITIES FOR PEOPLE WITH DISABILITIES. PROJECTS FUNDED INCLUDE PLACEMENT, TRAINING AND EDUCATION, SOCIAL ENTERPRISE, ENTREPRENEURSHIP, EMERGENCY GRANTS AND INSTITUTIONAL SUPPORT. THIS FUNDING HAS ENABLED PEOPLE WITH DISABILITIES TO OVERCOME THE OBSTACLES THAT OFTEN FACE THEM AND MEET THE WORKFORCE NEEDS OF AMERICAN BUSINESS. INNOVATIVE GRANT MAKING HAS INTRODUCED CREATIVE SOLUTIONS TO HELP ELIMINATE BARRIERS THAT PREVENT PEOPLE WITH DISABILITIES FROM WORKING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rodger L Derose President And CEO - Trustee | OfficerTrustee | 40 | $935,872 |
John Deluca Sr. Vice President - Research | Officer | 40 | $567,599 |
Guang Yue Lab Director | Officer | 40 | $392,059 |
Nancy Chiaravalloti Lab Director | Officer | 40 | $360,471 |
Michele Pignatello VP & Cdo | 40 | $282,189 | |
Trevor Dyson-Hudson Lab Director | 40 | $277,170 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
The Cormac Group Consulting Services | 12/30/22 | $126,940 |
Gibbons Pc Legal Services | 12/30/22 | $235,044 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $182,935 |
Related organizations | $0 |
Government grants | $9,177,655 |
All other contributions, gifts, grants, and similar amounts not included above | $7,019,406 |
Noncash contributions included in lines 1a–1f | $18,386 |
Total Revenue from Contributions, Gifts, Grants & Similar | $16,379,996 |
Total Program Service Revenue | $222,300 |
Investment income | $2,191,298 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $6,776 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $14,716,374 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $33,534,975 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $982,664 |
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. | $2,461,601 |
Compensation of current officers, directors, key employees. | $987,272 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $13,394,020 |
Pension plan accruals and contributions | $898,292 |
Other employee benefits | $2,997,620 |
Payroll taxes | $1,024,322 |
Fees for services: Management | $0 |
Fees for services: Legal | $398,251 |
Fees for services: Accounting | $100,106 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $2,436,372 |
Fees for services: Other | $2,383,582 |
Advertising and promotion | $0 |
Office expenses | $989,736 |
Information technology | $711,677 |
Royalties | $0 |
Occupancy | $1,746,642 |
Travel | $298,638 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $227,520 |
Interest | $85,924 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,595,514 |
Insurance | $430,675 |
All other expenses | $0 |
Total functional expenses | $34,093,857 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,089,926 |
Savings and temporary cash investments | $4,389,584 |
Pledges and grants receivable | $6,300,334 |
Accounts receivable, net | $295,519 |
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 | $1,010,530 |
Net Land, buildings, and equipment | $9,069,353 |
Investments—publicly traded securities | $212,348,063 |
Investments—other securities | $39,020,488 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $8,796,926 |
Total assets | $283,320,723 |
Accounts payable and accrued expenses | $3,537,259 |
Grants payable | $1,194,605 |
Deferred revenue | $4,336,909 |
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 | $659,240 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $10,604,107 |
Total liabilities | $20,332,120 |
Net assets without donor restrictions | $252,129,116 |
Net assets with donor restrictions | $10,859,487 |
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 | $283,320,723 |
Over the last fiscal year, Kessler Foundation Inc has awarded $977,409 in support to 8 organizations.
Grant Recipient | Amount |
---|---|
ASSOCIATION OF UNIVERSITY CENTERS ON DISABILITIES PURPOSE: Foundation Directed | $25,000 |
MONTCLAIR STATE UNIVERSITY FOUNDATION PURPOSE: Special Initiatives | $20,000 |
UNIVERSITY OF NEW HAMPSHIRE PURPOSE: Foundation Directed | $250,000 |
UNIVERSITY OF MASSACHUSETTS BOSTON PURPOSE: Signature Employment | $250,000 |
JOHN J HELDRICH CENTER FOR WORK FORCE DEVELOPMENT PURPOSE: EVALUATION | $101,409 |
NATIONAL RESTAURANT ASSOCIATION EDUCATION FOUNDATI PURPOSE: SIGNATURE EMPLOYMENT | $250,000 |