Alzheimers Disease Foundation Inc
- Assets
- $1.3m
- Revenue
- $52.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Sartell, MN
- Founding
- 05/1985
- Data as of
- 09/2021
- EIN
- 36-3336574
Organization Overview
Alzheimers Disease Foundation Inc is located in Sartell, MN. The organization was established in 1985. According to its NTEE Classification (G83) the organization is classified as: Alzheimers Disease, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alzheimers Disease 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 09/2021, Alzheimers Disease Foundation Inc generated $52.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $51.6k during the year ending 09/2021. 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
PROVIDE ASSISTANCE TO THE VICTIMS OF ALZHEIMER'S DISEASE AND TO RAISE FUNDS FOR RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ALZHEIMER'S DISEASE FOUNDATION IS ORGANIZED AND AT ALL TIMES SHOULD BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND/OR TO CARRY OUT THEIR EXEMPT PURPOSES.THE ALZHEIMER'S DISEASE FOUNDATION'S PURPOSES SHALL INCLUDE BUT NOT BE LIMITED TO ENGAGING IN RESEARCH WITH RESPECT TO ALZHEIMER'S DISEASE, TO PROVIDE ASSISTANCE TO THE VICTIMS OF ALZHEIMER'S DISEASE AND THEIR FAMILIES, AND TO RAISE FUNDS FOR SUCH RESEARCH AND ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Rosen Chairman | OfficerTrustee | 0.5 | $0 |
Fred Brown Secretary | OfficerTrustee | 0.5 | $0 |
Brian Kelm CEO | Officer | 1 | $0 |
Kevin Harguth CFO | Officer | 1 | $0 |
Sherry Wheaton Director | Trustee | 0.5 | $0 |
Felix Fraraccio Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,467 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,467 |
| Total Program Service Revenue | $0 |
| Investment income | $43,000 |
| 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 | $52,467 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,296 |
| Fees for services: Legal | $327 |
| Fees for services: Accounting | $2,783 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $663 |
| Advertising and promotion | $0 |
| Office expenses | $238 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $254 |
| All other expenses | $0 |
| Total functional expenses | $51,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,237 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $218 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,285,198 |
| Total assets | $1,292,653 |
| Accounts payable and accrued expenses | $405 |
| 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 | $405 |
| Net assets without donor restrictions | $7,050 |
| Net assets with donor restrictions | $1,285,198 |
| 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 | $1,292,653 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alzheimers Disease Foundation Inc has recieved totaling $40.
| Awarding Organization | Amount |
|---|---|
Abbvie Foundation North Chicago, IL PURPOSE: MATCHING GRANTS | $40 |
Endowment Analysis
| Beg. Balance | $1,149,447 |
| Earnings | $135,751 |
| Ending Balance | $1,285,198 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance Nctn Foundation Chicago, IL | $4,276,385 | $9,494,506 |
North American Spine Society Burr Ridge, IL | $20,521,276 | $5,638,073 |
By The Hand Club For Kids Chicago, IL | $36,751,651 | $16,282,395 |
Pulmonary Fibrosis Foundation Chicago, IL | $17,064,469 | $11,007,903 |
Save Inc Kansas City, MO | $3,140,383 | $10,169,762 |
Missouri Lions Eye Research Foundation Kansas City, MO | $11,391,885 | $10,320,745 |
Judevine Inc St Louis, MO | $5,238,570 | $11,238,317 |
Volunteers Of America Inc Eden Prairie, MN | $4,063,127 | $8,985,752 |
Congress Of Neurological Surgeons Inc University Of Michigan Schaumburg, IL | $32,303,742 | $11,051,813 |
American Orthopaedic Society For Sports Medicine Rosemont, IL | $21,900,137 | $9,235,602 |
Autism Center Of Nebraska Inc Omaha, NE | $5,803,269 | $7,638,210 |
The Hope Foundation Ann Arbor, MI | $67,036,351 | $9,873,142 |