Foundation Of The Consortium Of Multiple Sclerosis Centers
- Assets
- $475.2k
- Revenue
- $347.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Hackensack, NJ
- Founding
- 07/2000
- Data as of
- 12/2021
- EIN
- 31-1698640
Organization Overview
Foundation Of The Consortium Of Multiple Sclerosis Centers is located in Hackensack, NJ. The organization was established in 2000. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of The Consortium Of Multiple Sclerosis Centers 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, Foundation Of The Consortium Of Multiple Sclerosis Centers generated $347.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $584.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 7 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
THE ORGANIZATION WAS ESTABLISHED FOR THE PROMOTION OF EDUCATIONAL AND RESEARCH SCHOLARSHIPS FOR THE MULTIDISCIPLINARY HEALTH PROFESSIONALS FIELD OF MULTIPLE SCLEROSIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOPE WORKFORCE OF THE FUTURE PROGRAM.
DEVELOPEMENT OF PROFESSIONAL TOOLS AND RESOURCES.
TO DEVELOP A GLOBAL PATIENT REGISTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Racke Past President | OfficerTrustee | 1 | $0 |
Patricia Bobryk Treasurer | OfficerTrustee | 1 | $0 |
Scott Newesome President | OfficerTrustee | 1 | $0 |
Anne Cross Secretary | Trustee | 1 | $0 |
Edward Fox Senior Member At Large | Trustee | 1 | $0 |
Nora Fritz Member At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $50,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,199 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,199 |
| Total Program Service Revenue | $258,441 |
| Investment income | $919 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $347,559 |
| 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 | $55,126 |
| Pension plan accruals and contributions | $1,276 |
| Other employee benefits | $4,034 |
| Payroll taxes | $5,387 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,477 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,274 |
| Information technology | $216 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,126 |
| 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 | $7,750 |
| All other expenses | $21,372 |
| Total functional expenses | $584,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,006 |
| Savings and temporary cash investments | $440,879 |
| 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 | $9,314 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $475,199 |
| Accounts payable and accrued expenses | $126,579 |
| 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 | $126,579 |
| Net assets without donor restrictions | $108,583 |
| Net assets with donor restrictions | $240,037 |
| 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 | $475,199 |
Grants Awarded
Over the last fiscal year, Foundation Of The Consortium Of Multiple Sclerosis Centers has awarded $37,158 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: Research - Kurtzke | $10,000 |
East Hanover, NJ PURPOSE: Research - Panitch | $9,983 |
UNIV OF ALABAMA AT BIRMINGHAM PURPOSE: Research - Sasaki | $9,448 |
East Hanover, NJ PURPOSE: Research - Schwid | $7,727 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation Of The Consortium Of Multiple Sclerosis Centers has recieved totaling $11.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Touro University New York, NY | $83,518,573 | $93,950,601 |
New York Law School New York, NY | $345,948,911 | $82,190,230 |
Brooklyn Law School Brooklyn, NY | $395,638,685 | $73,619,300 |
Bank Street College Of Education New York, NY | $91,645,236 | $64,451,080 |
Touro University New York, NY | $112,668,496 | $69,634,843 |
Albany College Of Pharmacy And Health Sciences Albany, NY | $159,389,370 | $62,205,490 |
Salus University Elkins Park, PA | $71,855,290 | $53,963,466 |
Geisinger Commonwealth School Of Medicine Danville, PA | $148,792,015 | $48,699,077 |
American College King of Prussia, PA | $101,126,239 | $39,801,880 |
Albany Law School Albany, NY | $122,483,245 | $40,164,228 |
Cairn University Langhorne, PA | $53,369,669 | $36,996,664 |
International Federation Of Accountants New York, NY | $24,926,636 | $31,445,814 |