American Federation For Aging
- Assets
- $30.0m
- Revenue
- $13.8m
- Investments
- $15.1m
- Employees
- 13
- Location
- New York, NY
- Founding
- 05/1986
- Data as of
- 12/2021
- EIN
- 13-3045282
Organization Overview
American Federation For Aging is located in New York, NY. The organization was established in 1986. According to its NTEE Classification (V36) the organization is classified as: Gerontology, under the broad grouping of Social Science and related organizations. As of 12/2021, American Federation For Aging employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Federation For Aging 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 12/2021, American Federation For Aging generated $13.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $7.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, American Federation For Aging has awarded 276 individual grants totaling $28,962,339. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE THE QUALITY OF LIFE AND ALLEVIATE SUFFERING BY SUPPORTING BIOMEDICAL RESEARCH ON AGING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENTIFIC PROGRAMS:AWARDS FOR BIOMEDICAL RESEARCH INTO AGING. IN 2021 AFAR AWARDED $5,098,619 TO 78 RESEARCHERS AND RESEARCH CENTERS.CREATING OPPORTUNITIES FOR SCIENTISTS AND CLINICIANS TO SHARE KNOWLEDGE AND EXCHANGE IDEAS TO ENCOURAGE INNOVATIVE THINKING AND COLLABORATIONS. IN 2021 AFAR CONDUCTED 3 VIRTUAL CONFERENCES THAT CONNECTED RESEARCHERS ACROSS THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Lederman Executive Director | Officer | 37.5 | $388,279 |
Odette S Van Der Willik Deputy Executive Director | 37.5 | $224,509 | |
Frederica L Blum Finance Director | 37.5 | $161,583 | |
John A Chaich Public Relations Director | 37.5 | $142,366 | |
Catherine A Cullar Administrative Manager | 37.5 | $108,115 | |
Hattie Herman Program Officer | 37.5 | $100,481 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,237,556 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,236,124 |
| Noncash contributions included in lines 1a–1f | $9,292 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,473,680 |
| Total Program Service Revenue | $0 |
| Investment income | $820,893 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $483,709 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,781,782 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,025,213 |
| Grants and other assistance to domestic individuals. | $73,406 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $515,275 |
| Compensation of current officers, directors, key employees. | $114,922 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $958,677 |
| Pension plan accruals and contributions | $80,356 |
| Other employee benefits | $146,516 |
| Payroll taxes | $96,178 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,000 |
| Fees for services: Accounting | $37,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $72,476 |
| Fees for services: Other | $232,135 |
| Advertising and promotion | $11,983 |
| Office expenses | $52,506 |
| Information technology | $32,115 |
| Royalties | $0 |
| Occupancy | $204,726 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,637 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,693 |
| Insurance | $5,346 |
| All other expenses | $0 |
| Total functional expenses | $7,677,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,876,771 |
| Savings and temporary cash investments | $1,421,815 |
| Pledges and grants receivable | $6,651,070 |
| 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 | $66,106 |
| Net Land, buildings, and equipment | $17,941 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,138,769 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,842,328 |
| Total assets | $30,014,800 |
| Accounts payable and accrued expenses | $210,440 |
| Grants payable | $2,694,847 |
| 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 | $2,905,287 |
| Net assets without donor restrictions | $7,247,896 |
| Net assets with donor restrictions | $19,861,617 |
| 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 | $30,014,800 |
Grants Awarded
Over the last fiscal year, American Federation For Aging has awarded $5,000,213 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: SCIENTIFIC RESEARCH | $838,875 |
Los Angeles, CA PURPOSE: SCIENTIFIC RESEARCH | $755,000 |
UNIVERSITY TEXAS HEALTH HOUSTON PURPOSE: SCIENTIFIC RESEARCH | $300,000 |
Denver, CO PURPOSE: SCIENTIFIC RESEARCH | $298,331 |
Baltimore, MD PURPOSE: SCIENTIFIC RESEARCH | $265,695 |
INDIANA UNIVERSITY PURPOSE: SCIENTIFIC RESEARCH | $135,345 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Federation For Aging has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Deeds Foundation New York, NY PURPOSE: GIFT TOWARD AFAR GRANT | $30,000 |
Endowment Analysis
| Beg. Balance | $12,588,672 |
| Earnings | $1,814,912 |
| Net Contributions | $50,000 |
| Other Expense | $784,396 |
| Ending Balance | $13,669,188 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Behavioral Ideas Lab Inc New York, NY | $32,612,042 | $18,817,686 |
Social Science Research Council Brooklyn, NY | $62,507,345 | $18,832,970 |
Cpwr The Center For Construction Research And Training Silver Spring, MD | $10,704,322 | $15,767,694 |
Institute For Operations Research And The Management Sciences Catonsville, MD | $26,434,538 | $15,117,457 |
American Academy Of Arts And Sciences Cambridge, MA | $98,109,829 | $16,451,568 |
Human Services Research Institute Inc Cambridge, MA | $6,662,398 | $12,105,184 |
Just Capital Foundation Inc New York, NY | $4,314,649 | $11,131,024 |
Nextcorps Inc Rochester, NY | $28,231,131 | $13,616,302 |
Association Of The Bar Of The City Of New York Fund Inc New York, NY | $17,486,251 | $7,750,390 |
American Institute For Economic Research Inc Great Barrington, MA | $214,395,947 | $3,768,400 |
American Federation For Aging New York, NY | $30,014,800 | $13,781,782 |
The Institute For New Economic Thinking Inc New York, NY | $26,645,757 | $24,831,883 |