Multiple Sclerosis Foundation Inc
- Assets
- $8.0m
- Revenue
- $4.8m
- Investments
- $3.3m
- Employees
- 273
- Location
- Ft Lauderdale, FL
- Founding
- 10/1988
- Data as of
- 12/2023
- EIN
- 59-2792934
Organization Overview
Multiple Sclerosis Foundation Inc is located in Ft Lauderdale, FL. The organization was established in 1988. According to its NTEE Classification (G50) the organization is classified as: Nerve, Muscle & Bone Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, Multiple Sclerosis Foundation Inc employed 273 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Multiple Sclerosis 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, Multiple Sclerosis Foundation Inc generated $4.8m 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 (6.3%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Multiple Sclerosis Foundation Inc has awarded 80 individual grants totaling $1,123,887. 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
TO PROVIDE PROGRAMS AND SUPPORT SERVICES TO THOSE PERSONS AFFECTED BY MS. (SEE SCHEDULE O FOR MORE)
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME CARE GRANT PROGRAMSEE SCHEDULE O
ALL OTHER PROGRAMS
COOLING EQUIPMENT PROGRAMSEE SCHEDULE O
ASSISTIVE TECHNOLOGY PROGRAMSEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Eader President - Director | OfficerTrustee | 3 | $0 |
Mark Shalloway VP - Director | OfficerTrustee | 3 | $0 |
John Blackstock Secretary - Director | OfficerTrustee | 3 | $0 |
William Sheehan Director | Trustee | 3 | $0 |
Elaine Laflamme Treasurer - Director | OfficerTrustee | 3 | $0 |
Melody Ridley Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jadent Inc West Coast Campaign Center | 12/30/17 | $388,176 |
Ogilvy Public Relations Worldwide Inc Public Relations Messaging | 12/30/17 | $158,404 |
Ogilvy Public Relations Worldwide Inc Public Relations Messaging | 12/30/17 | $158,404 |
Jadent Inc West Coast Campaign Center | 12/30/17 | $388,176 |
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 | $4,777,226 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,777,226 |
| Total Program Service Revenue | $0 |
| Investment income | $86,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$28,323 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,835,550 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $136,009 |
| Grants and other assistance to domestic individuals. | $370,002 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $251,900 |
| Compensation of current officers, directors, key employees. | $125,950 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,842,116 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,999 |
| Fees for services: Accounting | $56,831 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $318,806 |
| Advertising and promotion | $2,197 |
| Office expenses | $31,474 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $420,866 |
| 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 | $15,627 |
| Insurance | $37,255 |
| All other expenses | $33,930 |
| Total functional expenses | $5,249,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $2,155,879 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $645,091 |
| 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 | $13,314 |
| Net Land, buildings, and equipment | $20,857 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,337,043 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,859,291 |
| Total assets | $8,031,675 |
| Accounts payable and accrued expenses | $114,154 |
| 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 | $1,005,171 |
| Total liabilities | $1,119,325 |
| Net assets without donor restrictions | $5,322,518 |
| Net assets with donor restrictions | $1,589,832 |
| 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 | $8,031,675 |
Grants Awarded
Over the last fiscal year, Multiple Sclerosis Foundation Inc has awarded $136,009 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
THE BOSTON HOME PURPOSE: QUALITY OF LIFE & RESEARCH GRANT | $24,000 |
MERCY FOUNDATION PURPOSE: QUALITY OF LIFE & RESEARCH GRANT | $11,667 |
RESEARCH FOUNDATION OF CUNY PURPOSE: QUALITY OF LIFE & RESEARCH GRANT | $23,112 |
MIAMI VALLEY HOSPITAL FOUNDATION PURPOSE: QUALITY OF LIFE & RESEARCH GRANT | $17,413 |
MS INSIGHT PURPOSE: QUALITY OF LIFE & RESEARCH GRANT | $21,483 |
THE NEW YORK AND PRESBYTERIAN HOSPITAL PURPOSE: QUALITY OF LIFE & RESEARCH GRANT | $20,000 |