Act For Nih Foundation Inc
- Assets
- $4.1m
- Revenue
- $1.0m
- Investments
- $3.9m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/2017
- Data as of
- 12/2022
- EIN
- 82-1130166
Organization Overview
Act For Nih Foundation Inc is located in Washington, DC. The organization was established in 2017. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, 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. Act For Nih 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 12/2022, Act For Nih Foundation Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.0% each year . All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 32.6% per year over the past 5 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 2019, Act For Nih Foundation Inc has awarded 57 individual grants totaling $1,251,942. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACT FOR NIH FOUNDATION, INC IS COMMITTED TO ADVANCING LIFE-SAVING BIOMEDICAL RESEARCH IN THE UNITED STATES BY EDUCATING THE PUBLIC ABOUT THE IMPORTANCE OF BIOMEDICAL RESEARCH UNDERTAKEN BY THE NATIONAL INSTITUTES OF HEALTH(NIH). THE FOUNDATION ADVOCATES FOR RESEARCH INTO DISEASES AND MEDICAL CONDITIONS IN ORDER TO SAVE LIVES, AND REDUCE ILLNESS AND DISABILITY. THROUGHOUT THE YEAR, THE FOUNDATION REGULARLY PARTICIPATES IN MEETINGS OF VARIOUS COALITIONS AND WORKING GROUPS ADVOCATING FOR FUNDING OF BIOMEDICAL RESEARCH. THE PRESIDENT OF THE FOUNDATION SPEAKS AT CONFERENCES AND TOWN HALL MEETINGS, AND EDUCATES INTERESTED PARTIES ON THE IMPACT OF BIOMEDICAL RESEARCH THROUGH EDUCATIONAL BRIEFINGS AND SYMPOSIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jed Manocherian Chairman | 1 | $0 | |
Greg Manocherian Director | 1 | $0 | |
Dr Sudip Parikh Secretary/treasurer | 1 | $0 | |
Richard Turman President | 16 | $150,643 | |
Rachel Pollock Vice President | 20 | $134,524 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,005,375 |
| Interest on Savings | $0 |
| Dividends & Interest | $60,302 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$39,871 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,025,806 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $285,167 |
| Other employee salaries and wages | $73,677 |
| Pension plans, employee benefits | $319 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $3,019 |
| Travel, conferences, and meetings | $4,466 |
| Printing and publications | $0 |
| Other expenses | $194,786 |
| Total operating and administrative expenses | $700,875 |
| Contributions, gifts, grants paid | $811,883 |
| Total expenses and disbursements | $1,512,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,481 |
| Savings and temporary cash investments | $7,263 |
| 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 | $5,565 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $10,208 |
| Other assets | $0 |
| Total assets | $4,080,153 |
| Accounts payable and accrued expenses | $27,250 |
| 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 | $0 |
| Total liabilities | $27,250 |
Grants Awarded
Over the last fiscal year, Act For Nih Foundation Inc has awarded $784,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
RESEARCH AMERICA PURPOSE: INCREASED PUBLIC UNDERSTANDING OF MEDICAL RESEARCH BENEFITS | $50,000 |
PUBLIC CITIZEN PURPOSE: CONSUMER ADVOCACY | $7,000 |
UTMDACC PURPOSE: COMPREHENSIVE CANCER CARE CENTER | $80,000 |
WIZO PURPOSE: DEDICATE TO SOCIAL WELFARE IN ALL SECTORS OF ISRAELI SOCIETY | $15,000 |
CYSTIC FIBROSIS FOUNDATION PURPOSE: PURSUING A CURE FOR CYSTIC FIBROSIS | $5,000 |
FRIENDS OF CANCER RESEARCH PURPOSE: CANCER RESEARCH AND ADVOCACY | $200,000 |