Diabetes Action Research And Education Foundation
- Assets
- $1.2m
- Revenue
- $946.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Bethesda, MD
- Founding
- 01/1991
- Data as of
- 12/2023
- EIN
- 52-1714027
Organization Overview
Diabetes Action Research And Education Foundation, operating under the name Foundation Inc, is located in Bethesda, MD. The organization was established in 1991. As of 12/2023, Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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, Foundation Inc generated $946.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $880.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Foundation Inc has awarded 149 individual grants totaling $3,172,618. 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
DIABETES ACTION RESEARCH AND EDUCATION FOUNDATION IS COMMITTED TO THE PREVENTION AND TREATMENT OF DIABETES AND TO THE FUNDING OF INNOVATIVE, PROMISING RESEARCH AIMED AT FINDING A CURE FOR DIABETES AND DIABETES-RELATED COMPLICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIABETES ACTION PROVIDES GRANTS FOR BIOMEDICAL AND EDUCATION RESEARCH ON THE PREVENTION AND TREATMENT OF TYPE 1 AND TYPE 2 DIABETES TO IMPROVE THE LIVES OF ALL PEOPLE LIVING WITH DIABETES IN THE U.S.
DIABETES ACTION EDUCATES THE PUBLIC ABOUT DIABETES WITH THE LATEST DIABETES NEWS AND RESEARCH INCLUDING ARTICLES, INFOGRAPHICS, VIDEOS, AND TIPS FOR LIVING HEALTHIER LIVES WITH DIABETES AT WWW.DIABETESACTION.ORG.
DIABETES ACTION PROVIDES SUPPORT FOR SUMMER CAMP PROGRAMS ACROSS THE U.S. TO MAKE IT POSSIBLE FOR CHILDREN WHO NEED FINANCIAL HELP TO ATTEND THESE SPECIAL CAMP PROGRAMS FOR CHILDREN WITH DIABETES. THESE PROGRAMS NURTURE SELF-ESTEEM AND SELF-RELIANCE BY OFFERING A SUPPORT SYSTEM THAT IS NOT AVAILABLE IN ANY OTHER SETTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Devoe President | Officer | 40 | $108,206 |
Catherine Hussong Director | Trustee | 1 | $0 |
Teresa Sadeghin Director | Trustee | 1 | $0 |
Ann Wood Director | Trustee | 1 | $0 |
Louise Koch Director | Trustee | 1 | $0 |
Patricia Faulkner Board Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $67,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $865,491 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $932,491 |
| Total Program Service Revenue | $0 |
| Investment income | $13,784 |
| 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 | $946,275 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $504,300 |
| 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. | $108,206 |
| Compensation of current officers, directors, key employees. | $6,492 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $159,367 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,469 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,747 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $22,928 |
| 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 | $821 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,251 |
| All other expenses | $0 |
| Total functional expenses | $879,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,724 |
| Savings and temporary cash investments | $1,029,969 |
| Pledges and grants receivable | $174,157 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,241,850 |
| Accounts payable and accrued expenses | $200 |
| Grants payable | $390,000 |
| 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 | $390,200 |
| Net assets without donor restrictions | $851,650 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,241,850 |
Grants Awarded
Over the last fiscal year, Diabetes Action Research And Education Foundation has awarded $485,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
RUTGERS THE STATE UNIVERSITY OF NJ PURPOSE: RESEARCH | $50,000 |
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: RESEARCH | $50,000 |
UNIVERSITY OF CALIFORNIA DAVIS PURPOSE: RESEARCH | $50,000 |
STATE UNIVERSITY OF IOWA PURPOSE: RESEARCH | $50,000 |
TEXAS TECH UNIVERSITY PURPOSE: RESEARCH | $50,000 |
CHEYENNE RIVER YOUTH PROJECT PURPOSE: RESEARCH | $15,000 |