Friends Of Research4life Inc
- Assets
- $139.0k
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Dover, DE
- Founding
- Data as of
- 12/2023
- EIN
- 85-3005032
Organization Overview
Friends Of Research4life Inc is located in Dover, DE. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Research4life 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, Friends Of Research4life Inc generated $2.9m in total revenue. All expenses for the organization totaled $2.9m during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDS OF RESEARCH4LIFE'S PRIMARY MISSION IS TO FUND INITIATIVES FOR RESEARCH4LIFE, WHICH PROVIDES LOW/NO-COST ACCESS TO SCIENTIFIC AND PEER-REVIEWED RESEARCH INFORMATION FOR THE LOWEST 120 ECONOMIC COUNTRIES IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PROGRAM: THIS IS A GENERAL FUND TO GATHER IN-KIND CONTRIBUTIONS FOR RESEARCH4LIFE TO SUPPORT ITS MISSION. IT MAY INCLUDE, BUT IS NOT LIMITED TO COMMERCIAL PUBLICATIONS, BOOKS, EDUCATIONAL MATERIALS, SOFTWARE & SERVICES ASSOCIATED WITH THE MATERIALS RESEARCH4LIFE PROVIDES TO ITS USERS
OTHER PROGRAMS - LIBRARIANS WITHOUT BORDERS, USER DROP OFF STUDY PROJECT.
COUNTRY CONNECTIONS PROJECT: THIS FUND IS FOR COVERING THE EXPENDITURES FOR THE COUNTRY CONNECTORS PROJECT WITH RESEARCH4LIFE. THE COUNTRY CONNECTORS PROJECTS PLACES SPECIFIC RESOURCES IN THE TARGET COUNTRIES TO FACILITATE AND ENHANCE THE EFFECTIVENESS AND AWARENESS OF THE RESEARCH4LIFE PROGRAMS.
R4L CORE MISSION FUND: THIS IS A GENERAL FUND TO COVER OPERATION EXPENSES AND PROJECTS RELATED TO THE CORE OPERATION OF RESEARCH4LIFE IN ITS MISSION, THIS MAY INCLUDE, BUT IS NOT LIMITED TO, EXPENSES SUCH AS IT RELATED EXPENSES, CONSULTING COSTS, CURRICULUM DEVELOPMENT, MARKETING PROGRAMS AND OTHER COSTS ASSOCIATED WITH THE RUNNING OF RESEARCH4LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Gedye President | OfficerTrustee | 5 | $0 |
Michael Oldham Treasurer | OfficerTrustee | 15 | $0 |
Mark Seeley Secretary | OfficerTrustee | 5 | $0 |
Charlotte Masiello Board Member | Trustee | 2 | $0 |
Andrea Powell Board Member | Trustee | 2 | $0 |
Daisy Selematsela Board Member | Trustee | 2 | $0 |
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 | $2,923,719 |
| Noncash contributions included in lines 1a–1f | $2,647,244 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,923,719 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $2,923,719 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $189,386 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $42,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99 |
| Advertising and promotion | $0 |
| Office expenses | $743 |
| Information technology | $1,031 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,647,244 |
| Total functional expenses | $2,889,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,858 |
| Savings and temporary cash investments | $100 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100,000 |
| 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 | $138,958 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $138,958 |
| 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 | $138,958 |