Donald Guthrie Foundation
- Assets
- $61.6m
- Revenue
- $6.3m
- Investments
- $3.5m
- Employees
- 22
- Location
- Sayre, PA
- Founding
- 06/1948
- Data as of
- 06/2022
- EIN
- 24-6022957
Organization Overview
Donald Guthrie Foundation is located in Sayre, PA. The organization was established in 1948. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. As of 06/2022, Donald Guthrie Foundation employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Donald Guthrie Foundation 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 06/2022, Donald Guthrie Foundation generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $2.8m during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 6 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RESEARCH INSTITUTE INCLUDES BASIC AND CLINICAL RESEARCH ACTIVITIES IN VARIOUS FIELDS.
Describe the Organization's Program Activity:
RESEARCH INSTITUTE - INCLUDES BASIC AND CLINICAL RESEARCH ACTIVITIES IN VARIOUS FIELDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph A Scopelliti MD Dir.-Pres/ceo Tgc (until 9/21) | Trustee | 55 | $0 |
Frederick J Bloom MD Director - President Gmg | Trustee | 55 | $0 |
Paul G Vervalin Director - Evp/coo Tgc | Trustee | 55 | $0 |
Burt Cagir MD Director - Administrator | OfficerTrustee | 55 | $0 |
Edmund Sabanegh MD Dir.-Pres/ceo Tgc (as Of 9/21) | Trustee | 55 | $0 |
Doug Ulkins Chairman - Director | OfficerTrustee | 1 | $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 | $119,407 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,407 |
| Total Program Service Revenue | $2,330,188 |
| Investment income | $1,010,714 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,586,692 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,256,859 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,500 |
| 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 | $1,069,003 |
| Pension plan accruals and contributions | $55,495 |
| Other employee benefits | $179,535 |
| Payroll taxes | $80,463 |
| Fees for services: Management | $134,781 |
| Fees for services: Legal | $2,170 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $69,616 |
| Fees for services: Other | $328,642 |
| Advertising and promotion | $2,478 |
| Office expenses | $122,286 |
| Information technology | $83,738 |
| Royalties | $0 |
| Occupancy | $114,382 |
| Travel | $22,657 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,956 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $461,684 |
| Insurance | $69,305 |
| All other expenses | $0 |
| Total functional expenses | $2,849,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,117 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $319,316 |
| 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 | $151,118 |
| Net Land, buildings, and equipment | $3,106,916 |
| Investments—publicly traded securities | $50,964,860 |
| Investments—other securities | $3,520,823 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,576,840 |
| Total assets | $61,641,990 |
| Accounts payable and accrued expenses | $825,744 |
| 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 | $878,372 |
| Total liabilities | $1,704,116 |
| Net assets without donor restrictions | $35,785,450 |
| Net assets with donor restrictions | $24,152,424 |
| 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 | $61,641,990 |