Chdi Foundation Inc
- Assets
- $79.6m
- Revenue
- $152.5m
- Investments
- $50.0m
- Employees
- 0
- Location
- Roseland, NJ
- Founding
- 09/2005
- Data as of
- 10/2023
- EIN
- 73-1683871
Organization Overview
Chdi Foundation Inc is located in Roseland, NJ. The organization was established in 2005. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chdi 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 10/2023, Chdi Foundation Inc generated $152.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $179.9m during the year ending 10/2023. While expenses have increased by 1.6% per year over the past 4 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 2021, Chdi Foundation Inc has awarded 12 individual grants totaling $1,411,301. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL (NEURODEGENERATIVE) RESEARCH PERFORMED ON CONTRACT BASIS ON BEHALF AND AT DIRECTION OF FOUNDATION, PLUS WORKSHOPS, CONFERENCES, ADVICE, AND DISSEMINATION OF DATA AND INFORMATION TO RESEARCH COMMUNITY. DOES NOT INCLUDE "PROGRAMMATIC PAYMENTS" IN PART VII.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth J Slutsky Dir/pres/asst Treas/asst Sec | 2 | $0 | |
Christopher Austin Director | 1.5 | $0 | |
James Bradner Director | 1.5 | $0 | |
Elizabeth Fascitelli Director | 1.5 | $0 | |
Alexandra P Mansbach Director | 2 | $0 | |
John Maraganore Director | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chdi Mgt Inc | 10/30/23 | $39,792,602 |
Sheppard Mullin Richter & Hampton Llp | 10/30/23 | $163,632 |
Fasken Martineau Dumoulin Llp | 10/30/23 | $131,425 |
Kpmg Llp | 10/30/23 | $76,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $147,821,822 |
| Interest on Savings | $2,035,578 |
| Dividends & Interest | $2,612,388 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $152,469,788 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $63,422 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $178,997,144 |
| Total operating and administrative expenses | $179,432,423 |
| Contributions, gifts, grants paid | $475,776 |
| Total expenses and disbursements | $179,908,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,995 |
| Savings and temporary cash investments | $23,965,268 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,623,498 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $79,566,802 |
| Accounts payable and accrued expenses | $32,038,785 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $20,226 |
| Total liabilities | $32,059,011 |
Grants Awarded
Over the last fiscal year, Chdi Foundation Inc has awarded $475,776 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
JOHNS HOPKINS UNIVERSITY PURPOSE: ESTABLISH A MEDICAL CENTER | $215,000 |
HUNTINGTON'S DISEASE SOCIETY OF AMERICA PURPOSE: SUPPORT FOR FELLOWSHIP PROGRAMS | $90,000 |
HUNTINGTON'S DISEASE YOUTH ORGANIZATION PURPOSE: SUPPORT FOR ANNUAL MEETING | $10,000 |
HUNTINGTON STUDY GROUP LTD PURPOSE: SUPPORT FOR ANNUAL MEETING | $25,601 |
UNIVERSITY OF KENTUCKY RESEARCH FOUNDATION PURPOSE: SUPPORT FOR HTT LOWERING IN NON-HUMAN PRIMATES | $135,175 |