Institute For The Study Of Aging Inc
- Assets
- $2.2m
- Revenue
- $3.9m
- Investments
- $1.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1999
- Data as of
- 12/2022
- EIN
- 13-4024149
Organization Overview
Institute For The Study Of Aging Inc is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Institute For The Study Of Aging 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, Institute For The Study Of Aging Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $4.7m during the year ending 12/2022. While expenses have increased by 3.9% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol S Boulanger Vp/director | 1 | $0 | |
David H Gerson Vp/director | 1 | $0 | |
Howard M Fillit MD Exec Dir/dir | 2 | $46,238 | |
Kevin Dieterich Treasurer | 1 | $0 | |
Leonard A Lauder Co-Pres/dir | 1 | $0 | |
Lisa Somar Asst Treas & Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Simpson Thacher & Bartlett Llp | 12/30/22 | $106,063 |
Beacon Hill Staffing | 12/30/22 | $84,416 |
Bencivenga Ward Company Cpas | 12/30/22 | $68,935 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,710,598 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,838 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,810 |
| Capital Gain Net Income | $11,810 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $98,199 |
| Total Revenue | $3,851,445 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $46,238 |
| Other employee salaries and wages | $1,871,885 |
| Pension plans, employee benefits | $331,005 |
| Interest | $0 |
| Taxes | $135,734 |
| Depreciation | $30,654 |
| Occupancy | $380,393 |
| Travel, conferences, and meetings | $82,313 |
| Printing and publications | $0 |
| Other expenses | $861,480 |
| Total operating and administrative expenses | $4,323,131 |
| Contributions, gifts, grants paid | $385,869 |
| Total expenses and disbursements | $4,709,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,709 |
| Savings and temporary cash investments | $7,399 |
| Net Accounts receivable | $1,249 |
| 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 | $21,963 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $160,061 |
| Other assets | $86,769 |
| Total assets | $2,219,356 |
| Accounts payable and accrued expenses | $151,835 |
| 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 | $1,998,398 |
| Total liabilities | $2,150,233 |
Grants Awarded
Over the last fiscal year, Institute For The Study Of Aging Inc has awarded $385,869 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S DRUG DISCOVERY FOUNDATION PURPOSE: RESEARCH ON ALZHEIMER'S DRUG DISCOVERY | $383,769 |
ASSOCIATION FOR FRONTOTEMPORAL DEGENERATION PURPOSE: RESEARCH ON ALZHEIMER'S DRUG DISCOVERY | $2,000 |
HISTORIC HOUSE TRUST PURPOSE: RESEARCH ON ALZHEIMER'S DRUG DISCOVERY | $100 |