Aaron Diamond Aids Research Center For The City Of Ny
- Assets
- $3.7m
- Revenue
- $111.4k
- Investments
- $396.7k
- Employees
- 41
- Location
- New York, NY
- Founding
- 10/1993
- Data as of
- 06/2021
- EIN
- 13-3540234
Organization Overview
Aaron Diamond Aids Research Center For The City Of Ny is located in New York, NY. The organization was established in 1993. According to its NTEE Classification (H81) the organization is classified as: AIDS Research, under the broad grouping of Medical Research and related organizations. As of 06/2021, Aaron Diamond Aids Research Center For The City Of NY employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aaron Diamond Aids Research Center For The City Of NY 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, Aaron Diamond Aids Research Center For The City Of NY generated $111.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (56.3%) each year. All expenses for the organization totaled $123.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (56.0%) 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
AIDS RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AARON DIAMOND AIDS RESEARCH CENTER (ADARC) IS THE WORLD'S LARGEST PRIVATE HIV/AIDS RESEARCH CENTER. ADARC IS COMMITTED TO FINDING SOLUTIONS TO END THE AIDS EPIDEMIC BY CONDUCTING BASIC DISCOVERY RESEARCH, AND BY DEVELOPING NOVEL THERAPIES, VACCINES AND OTHER PREVENTION STRATEGIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr David D Ho Chief Executive Officer | OfficerTrustee | 35 | $135,021 |
Stephanie Sozomenu Chief Operating Officer | Officer | 35 | $101,957 |
Kevin O'rourke Chief Financial Officer | Officer | 35 | $95,299 |
Gerald Friedland MD Chairman Of The Board | OfficerTrustee | 1 | $0 |
Savio Tung Treasurer | OfficerTrustee | 1 | $0 |
May-Kin Ho PHD Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wilmington Trust Retirement Plan Service | 6/29/21 | $109,264 |
C&s Building Services Building Maintenance | 6/29/21 | $125,842 |
The Advance Group Moving Services | 6/29/21 | $111,446 |
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 | $35,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,283 |
| Total Program Service Revenue | $0 |
| Investment income | $20,213 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $55,878 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,374 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $60,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,456 |
| Advertising and promotion | $0 |
| Office expenses | $292 |
| Information technology | $893 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,500 |
| 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 | $10,318 |
| All other expenses | $0 |
| Total functional expenses | $123,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,039,050 |
| Savings and temporary cash investments | $1,194,409 |
| 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 | $88,699 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $396,663 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,718,821 |
| Accounts payable and accrued expenses | $19,411 |
| 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 | $19,411 |
| Net assets without donor restrictions | $3,699,410 |
| 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 | $3,718,821 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Aaron Diamond Aids Research Center For The City Of Ny has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $100 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Foundation For Aids Research New York, NY | $55,843,595 | $23,531,459 |
Cares Of Ny Inc Albany, NY | $7,731,282 | $15,625,505 |
Croi Foundation Pittsburgh, PA | $4,544,772 | $2,423,542 |
Gbc Health Inc New York, NY | $594,680 | $833,602 |
Aaron Diamond Aids Research Center For The City Of Ny New York, NY | $3,718,821 | $111,374 |
China Aids Fund Inc New York, NY | $692,040 | $61,153 |
Foundation For Control Of Hiv Drug Resistance Pittsburgh, PA | $470,349 | $0 |
Fighting Aids Continously Together Allentown, PA | $193,006 | $0 |
Abzyme Research Foundation New York, NY | $341,865 | $0 |