The Methuselah Foundation
- Assets
- $18.8m
- Revenue
- $14.8m
- Investments
- $15.8k
- Employees
- 1
- Location
- Springfield, VA
- Founding
- 02/2002
- Data as of
- 12/2021
- EIN
- 54-2040344
Organization Overview
The Methuselah Foundation is located in Springfield, VA. The organization was established in 2002. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Methuselah 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 12/2021, Methuselah Foundation generated $14.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 71.0% each year . All expenses for the organization totaled $3.5m during the year ending 12/2021. While expenses have increased by 23.7% 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.
Since 2017, Methuselah Foundation has awarded 16 individual grants totaling $2,775,167. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
METHUSELAH FOUNDATION WORKS TO ACCELERATE TECHNOLOGICAL BREAKTHROUGHS IN HEALTHY HUMAN LIFE EXTENSION THROUGH REGENERATIVE MEDICINE AND NUTRITION RESEARCH INITIATIVES, STARTUP INCUBATION, AND OPEN INNOVATION CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SENESCENCE: RESEARCH INTO THE BIOLOGICAL PROCESS AND BIOMARKERS OF AGING AND DEVELOPMENT OF DISRUPTIVE REGENERATIVE MEDICINE BIOTECHNOLOGIES, CELL THERAPIES AND SENESCENCE-INHIBITING PHARMACEUTICAL PROTOCOLS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,897 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,285,695 |
| Noncash contributions included in lines 1a–1f | $13,968,088 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,306,592 |
| Total Program Service Revenue | $0 |
| Investment income | $2,439 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $489,835 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,799,805 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,444,267 |
| Grants and other assistance to domestic individuals. | $110,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $50,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $213,522 |
| 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 | $9,816 |
| Payroll taxes | $11,976 |
| Fees for services: Management | $396,683 |
| Fees for services: Legal | $17,376 |
| Fees for services: Accounting | $23,578 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,995 |
| Office expenses | $2,746 |
| Information technology | $1,281 |
| Royalties | $0 |
| Occupancy | $33,757 |
| Travel | $142,998 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,062 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,806 |
| Insurance | $2,238 |
| All other expenses | $4,067 |
| Total functional expenses | $3,499,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $853,820 |
| Savings and temporary cash investments | $10,239,626 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,852 |
| 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 | $149,952 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,775 |
| Investments—program-related | $7,530,292 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,792,317 |
| Accounts payable and accrued expenses | $5,625 |
| 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 | $5,625 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $18,786,692 |
| Total liabilities and net assets/fund balances | $18,792,317 |
Grants Awarded
Over the last fiscal year, The Methuselah Foundation has awarded $2,444,167 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Bronx, NY | | $1,050,000 |
Novato, CA PURPOSE: Research | $650,000 |
21ST CENTURY MEDICINE INC | | | $250,000 |
Melbourne, FL PURPOSE: Research | $250,000 |
ADG LILICO LLC | | | $125,000 |
THE ALLIANCE FOR LONGEVITY INITIATIVES PURPOSE: Research | $80,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Methuselah Foundation has recieved totaling $48,867.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $28,867 |
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $10,000 |
Tljc Foundation Beverly Hills, CA PURPOSE: GENERAL | $10,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Charitable Ashburn, VA | $209,799,923 | $22,185,205 |
Wnc Bridge Foundation Asheville, NC | $146,559,840 | $12,380,465 |
The Forum For Youth Investment Washington, DC | $9,053,543 | $7,540,773 |
Hope For The Warriors Springfield, VA | $4,615,443 | $8,207,781 |
Mba Open Doors Foundation Washington, DC | $6,951,188 | $5,196,301 |
Spookstock Foundation Leesburg, VA | $1,341,695 | $5,091,159 |
The Methuselah Foundation Springfield, VA | $18,792,317 | $14,799,805 |
Kermit G Phillips Ii Charitable Tr Greensboro, NC | $71,515,607 | $5,235,464 |
Troon Foundation Elon, NC | $48,656,909 | $2,507,639 |
Glass Family Foundation Inc Asheville, NC | $24,447,807 | $3,179,935 |
Farm Journal Agricultural Foundation Washington, DC | $815,504 | $1,711,147 |
Yellow Ribbon Fund Inc Bethesda, MD | $1,996,496 | $3,055,184 |