Giovanni Armenise-Harvard Foundation For Scientific Research
- Assets
- $87.3m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 02/1996
- Data as of
- 06/2021
- EIN
- 04-3293162
Organization Overview
Giovanni Armenise-Harvard Foundation For Scientific Research is located in Boston, MA. The organization was established in 1996. According to its NTEE Classification (H11) the organization is classified as: Single Organization Support, 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. Giovanni Armenise-Harvard Foundation For Scientific Research 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 06/2021, Giovanni Armenise-Harvard Foundation For Scientific Research generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (14.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS FOR RESEARCH CONDUCTED BY PHYSICIANS, SCIENTISTS, AND OTHER PROFESSIONALS TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Mayer Trustee/exec Director Gahf | OfficerTrustee | 17 | $0 |
George Q Daley MD Pres/ceo/trustee | OfficerTrustee | 1 | $0 |
David M Smallwood Ttee/trsr/clrk | OfficerTrustee | 1 | $0 |
Giampiero Auletta Armenise Chairman | OfficerTrustee | 1 | $0 |
Michael E Greenberg MD Trustee | Trustee | 1 | $0 |
Jeffrey S Flier MD Pres/chairman (until 7/2016) | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $3,121,005 |
| 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 | $3,121,005 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $400,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,206,545 |
| 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 | $18,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,802 |
| Advertising and promotion | $0 |
| Office expenses | $3,229 |
| Information technology | $6,330 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $111 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $7,950 |
| Total functional expenses | $2,553,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $334,283 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $86,641,170 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $292,551 |
| Total assets | $87,268,004 |
| Accounts payable and accrued expenses | $8,778 |
| 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 | $2,386,620 |
| Total liabilities | $2,395,398 |
| Net assets without donor restrictions | $84,872,606 |
| 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 | $87,268,004 |
Endowment Analysis
| Beg. Balance | $69,021,821 |
| Earnings | $21,387,795 |
| Admin Expense | $584,249 |
| Other Expense | $2,562,871 |
| Ending Balance | $87,262,496 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Research To Prevent Blindness Endowment Fund Inc New York, NY | $317,713,049 | $28,546,765 |
Ats Foundation Inc New York, NY | $0 | $224,022 |
Giovanni Armenise-Harvard Foundation For Scientific Research Boston, MA | $87,268,004 | $3,121,005 |
Cds Wolf Foundation Inc Webster, NY | $18,173,557 | $6,502,648 |
Margaret M Dyson Tr Uw Fbo Margaret M Dyson Vision Research Institute Poughkeepsie, NY | $4,372,343 | $800,997 |
Pan Long Island Challenge Inc Wantagh, NY | $24,805 | $0 |
The Sally Edelman And Harry Gardner Cancer Research Foundation Inc Hilton, NY | $1,293,979 | $71,948 |
Kate Foundation For Rett Syndrome Research Inc Old Saybrook, CT | $44,048 | $0 |
Center For Biomedical Research Transparency Inc New York, NY | $48,686 | $66,271 |
Anna M Rohrer Trust Uw Buffalo, NY | $396,690 | $36,970 |
Dana-Farber Trust Inc Boston, MA | $0 | $0 |
Friends Of Telethon Foundation Italy Inc New York, NY | $79,787 | $9,429 |