Kessler Foundation Inc

Organization Overview

Kessler Foundation Inc is located in East Hanover, NJ. The organization was established in 1998. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Kessler Foundation Inc employed 207 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kessler Foundation 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 12/2021, Kessler Foundation Inc generated $38.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $29.8m during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 7 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.

Since 2014, Kessler Foundation Inc has awarded 286 individual grants totaling $17,301,168. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION'S MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR PEOPLE WITH PHYSICAL DISABILITIES BY PREPARING THEM FOR THE WORKPLACE, AND CONDUCTING REHABILITATION RESEARCH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RESEARCH CENTER: KESSLER FOUNDATION RESEARCHERS IMPROVE THE QUALITY OF LIFE FOR PEOPLE WITH PHYSICAL AND COGNITIVE DISABILITIES THROUGH REHABILITATION RESEARCH IN ITS NINE SPECIALIZED CENTERS UNDER THE LEADERSHIP OF NOTED RESEARCH DIRECTORS. THE MOBILITY AND REHABILITATION ENGINEERING RESEARCH, NEUROPSYCHOLOGY & NEUROSCIENCE, DISABILITY EMPLOYMENT RESEARCH, SPINAL CORD INJURY RESEARCH, STROKE REHABILITATION RESEARCH, TRAUMATIC BRAIN INJURY RESEARCH, OUTCOMES AND ASSESSMENT RESEARCH, CENTER FOR SPINAL STIMULATIONS AND ROCCO ORTENZIO NEUROIMAGING CENTER. WHILE THE STAFF OF EACH CENTER HAS EXPERTISE IN PARTICULAR AREAS, COLLABORATION AMONG FOUNDATION RESEARCHERS AS WELL AS WITH COLLABORATORS FROM AROUND THE US AND THE WORLD, ENHANCES PROGRESS TOWARD FINDING WAYS TO OVERCOME THE OBSTACLES FACED BY PEOPLE WITH DISABILITIES CAUSED BY BRAIN INJURY, SPINAL CORD INJURY, MULTIPLE SCLEROSIS, ARTHRITIS, AND OTHER CHRONIC NEUROLOGICAL AND ORTHOPEDIC CONDITIONS. THE FOUNDATION HAS THE DISTINCTION OF HAVING THE ONLY 3T MRI SCANNER SOLELY DEVOTED TO REHABILITATION RESEARCH IN THE UNITED STATES. SINCE 1998, THE FOUNDATION HAS INVESTED $141 MILLION IN RESEARCH, IN ADDITION TO $121 MILLION FOR RESEARCH FUNDED BY FEDERAL, STATE AND PRIVATE SOURCES. IN 2021, THE FOUNDATION RECEIVED $25 MILLION IN NEW FEDERAL, STATE, AND PRIVATE GRANTS AND CONTRACTS. TWO FEDERAL MODEL SYSTEM GRANTS ESTABLISH KESSLER FOUNDATION AS A CENTER OF EXCELLENCE FOR BOTH TRAUMATIC BRAIN INJURY (TBI) AND SPINAL CORD INJURY (SCI) RESEARCH. MODEL SYSTEMS ARE COMPREHENSIVE NETWORKS THAT PROMOTE INDEPENDENT AND COLLABORATIVE RESEARCH THAT WILL IMPROVE THE NATIONAL STANDARD OF CARE FOR INDIVIDUALS WITH THESE DEVASTATING INJURIES. MODEL SYSTEMS ARE FUNDED BY LARGE, MULTI-YEAR GRANTS SPONSORED BY THE NATIONAL INSTITUTE ON DISABILITY, INDEPENDENT LIVING AND REHABILITATION RESEARCH. KESSLER FOUNDATION IS ONE OF ONLY SIX CENTERS TO HAVE DUAL MODEL SYSTEMS: NORTHERN NEW JERSEY SCI SYSTEM AND NORTHERN NEW JERSEY TBI SYSTEM. THESE MODEL SYSTEMS ARE COLLABORATIVE EFFORTS WITH RUTGERS UNIVERSITY-NJ MEDICAL SCHOOL AND KESSLER INSTITUTE FOR REHABILITATION. IN 2018, THE BOARD OF TRUSTEES PLEDGED TO INVEST $15 MILLION IN INCREMENTAL FUNDING TO LAUNCH A NEW AND PROMISING AREAS OF RESEARCH IN THE FIELD OF TRANSCUTANEOUS AND EPIDURAL STIMULATION TO IMPROVE FUNCTION FOR PEOPLE WITH SPINAL CORD INJURIES. IN EARLY 2020, THE FOUNDATION COMPLETED CONSTRUCTION OF THE TIM & CAROLINE REYNOLDS CENTER, A 11,000 SQUARE FOOT SCIENCE BUILDING TO HOUSE STAFF, LABORATORIES AND STATE-OF-THE-ART EQUIPMENT AT A COST OF $6.5 MILLION TO EXPAND THE RESEARCH FACILITIES AND INFRASTRUCTURE OF THE ORGANIZATION. IN MARCH 2020, WITH THE RAPID SPREAD OF THE CORONAVIRUS PANDEMIC, THE FOUNDATION FOLLOWING NJ MANDATE, CDC AND NIH RECOMMENDATIONS REQUIRED EMPLOYEES TO WORK FROM HOME AND CEASED HUMAN SUBJECT RESEARCH. EMPLOYEES WERE ABLE TO WORK ON RESEARCH, DATA ANALYSIS, WRITE PAPERS AND GRANT PROPOSALS. AFTER THREE MONTHS, FOLLOWING FEDERAL AND STATE GUIDELINES, THE FOUNDATION STAFF RETURNED TO WORK ON A GRADUAL BASIS AND RESUMED HUMAN SUBJECT RESEARCH.


PROGRAM CENTER: KESSLER FOUNDATION FOCUSES ON INCREASING EMPLOYMENT OPPORTUNITIES FOR PEOPLE WITH DISABILITIES THROUGH ITS SIGNATURE EMPLOYMENT AND COMMUNITY EMPLOYMENT GRANTMAKING PROGRAMS WHICH FUND LOCAL AND NATIONAL PROGRAMS AIMED TO INCREASE THE PERCENTAGE OF AMERICANS WITH DISABILITIES IN THE WORKFORCE. SPECIAL INITIATIVE GRANTS, AN INVITATION ONLY PROGRAM, ARE AWARDED TO PROJECTS AND ORGANIZATIONS THAT OPERATE WITHIN THE BROAD SPECTRUM OF REHABILITATION AND PHYSICAL DISABILITIES PRIMARILY IN NEW JERSEY. RATES OF UNEMPLOYMENT AND UNDEREMPLOYMENT ARE UNACCEPTABLY HIGH AMONG THE MILLIONS OF PEOPLE WITH DISABILITIES IN THE UNITED STATES. BY WORKING FULL OR PART-TIME, WITH TRAINING AND SUPPORT, MANY PEOPLE CAN FIND MEANINGFUL EMPLOYMENT AND REAP THE BENEFITS OF GREATER INDEPENDENCE AND SELF-ESTEEM. HAVING A JOB ENHANCES SOCIAL INTERACTION AND ACCEPTANCE IN THE COMMUNITY, WHICH CONTRIBUTE TO A BETTER QUALITY OF LIFE. ALTHOUGH INDIVIDUALS LIVING WITH DISABILITIES REPRESENT THE LARGEST MINORITY GROUP SEEKING EMPLOYMENT IN TODAY'S MARKETPLACE, THEY ARE OFTEN NOT CONSIDERED AN INTEGRAL COMPONENT OF CORPORATE DIVERSITY PROGRAMS. THROUGH OUR STRATEGIC FOCUS ON EMPLOYMENT, KESSLER FOUNDATION HAS INVESTED OVER $54 MILLION SINCE 1998 IN ORGANIZATIONS THAT WORK TO CREATE JOB OPPORTUNITIES FOR PEOPLE WITH DISABILITIES. PROJECTS FUNDED INCLUDE PLACEMENT, TRAINING AND EDUCATION, SOCIAL ENTERPRISE, ENTREPRENEURSHIP, AND INSTITUTIONAL SUPPORT. THIS FUNDING HAS ENABLED PEOPLE WITH DISABILITIES TO OVERCOME THE OBSTACLES THAT OFTEN FACE THEM AND MEET THE WORKFORCE NEEDS OF AMERICAN BUSINESS. INNOVATIVE GRANT MAKING HAS INTRODUCED CREATIVE SOLUTIONS TO HELP ELIMINATE BARRIERS THAT PREVENT PEOPLE WITH DISABILITIES FROM WORKING.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Gibbons Pc
Legal Services
$337,457
Cci Construction Inc
Construction
$861,811
Crewcial Partners Llc
Consultant
$140,456
Rutgers The State University Of Nj
Consultant
$199,809
University Of Louisville Research F
Consultant
$252,754
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$149,394
Related organizations$0
Government grants $10,077,992
All other contributions, gifts, grants, and similar amounts not included above$11,614,317
Noncash contributions included in lines 1a–1f $6,556,030
Total Revenue from Contributions, Gifts, Grants & Similar$21,841,703
Total Program Service Revenue$176,150
Investment income $2,118,587
Tax Exempt Bond Proceeds $0
Royalties $4,018
Net Rental Income $0
Net Gain/Loss on Asset Sales $14,027,245
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $38,357,245

Grants Awarded

Over the last fiscal year, Kessler Foundation Inc has awarded $1,808,051 in support to 50 organizations.

Grant RecipientAmount

UNIVERSITY OF NEW HAMPSHIRE

Org PageRecipient Profile

Concord, NH

PURPOSE: Foundation Directed

$398,941

SHRM FOUNDATION INC

Org PageRecipient Profile

Alexandria, VA

PURPOSE: Foundation Directed

$100,000

ASSOCIATION OF UNIVERSITY CENTERS ON DISABILITIES

Org PageRecipient Profile

Silver Spring, MD

PURPOSE: Foundation Directed

$50,839

EASTER SEALS NEW JERSEY

Org PageRecipient Profile

East Brunswick, NJ

PURPOSE: Community Employment

$40,000

Florham Park, NJ

PURPOSE: Community Employment

$40,000

Tinton Falls, NJ

PURPOSE: Community Employment

$40,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 23 grants that Kessler Foundation Inc has recieved totaling $1,276,079.

Awarding OrganizationAmount
$550,000
The Derfner Foundation

New York, NY

PURPOSE: UNRESTRICTED USE

$250,000
William Randolph Hearst Foundation

New York, NY

PURPOSE: SUPPORT FOR ONGOING OPERATIONS

$150,000
Alfiero And Lucia Palestroni Foundation Inc

Englewood Cliffs, NJ

PURPOSE: GENERAL FUNDING

$104,000
Healthcare Foundation Of New Jersey Inc

Millburn, NJ

PURPOSE: HOME-BASED STROKE REHABILITATION USING PORTABLE IMMERSIVE VIRTUALLY REALITY TECHNOLOGY

$49,528
Healthcare Foundation Of New Jersey Inc

Millburn, NJ

PURPOSE: HOME-BASED STROKE REHABILITATION USING PORTABLE IMMERSIVE VIRTUALLY REALITY TECHNOLOGY

$49,527
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,421,080
Earnings$365,565
Net Contributions$2,400
Grants$88,680
Ending Balance$3,700,365

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