Milstein Medical Asian-American Partnership Foundation Inc
- Assets
- $54.2k
- Revenue
- $772.3k
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 05/2013
- Data as of
- 12/2022
- EIN
- 45-4600661
Organization Overview
Milstein Medical Asian-American Partnership Foundation Inc is located in New York, NY. The organization was established in 2013. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Milstein Medical Asian-American Partnership Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milstein Medical Asian-American Partnership 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 12/2022, Milstein Medical Asian-American Partnership Foundation Inc generated $772.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $820.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Milstein Medical Asian-American Partnership Foundation Inc has awarded 52 individual grants totaling $2,847,859. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MILSTEIN MEDICAL ASIAN AMERICAN PARTNERSHIP FOUNDATION (MMAAP FOUNDATION) IS TO IMPROVE WORLD HEALTH BY DEVELOPING MUTUALLY BENEFICIAL PARTNERSHIPS BETWEEN THE UNITED STATES AND CHINA, AS WELL AS GREATER ASIA. WORKING WITH SOME OF THE PREMIER HEALTH ORGANIZATIONS IN THE WORLD, THE MMAAP FOUNDATION WILL BRING TOGETHER AND FUND EXCHANGES AMONG THE BEST RESEARCH, MEDICAL TALENT, AND INSTITUTIONS IN THE REGIONS. THIS STRATEGY IS A HIGH PRIORITY FOR ITS FOUNDERS, HOWARD P. MILSTEIN AND THE PAUL AND IRMA MILSTEIN FOUNDATION.THE MMAAP FOUNDATION IS DESIGNED TO BECOME A HIGHLY RESPECTED INTERNATIONAL FOUNDATION DEMONSTRATING EXPERTISE IN PRODUCING MEDICAL AND SCIENTIFIC PROGRESS WITH INTEGRITY AND EFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2022 MILSTEIN MEDICAL ASIAN AMERICAN PARTNERSHIP FOUNDATION PROGRAM FOR SENIOR HEALTH AWARD RESEARCH PROJECT AWARD:PROJECT TITLE: ROLE OF CIRCRNA-MEDIATED ENDOTHELIAL CELLULAR SENESCENCE AND INFLAMMATION IN VASCULAR AGING AND IMPACT OF QI-BLOOD HARMONY FORMULA CHINESEINSTITUTION: CHINA ACADEMY OF CHINESE MEDICAL SCIENCES XIYUAN HOSPITALU.S. INSTITUTION: JOHNS HOPKINS UNIVERSITY
2022 MILSTEIN MEDICAL ASIAN AMERICAN PARTNERSHIP FOUNDATION PROGRAM FOR SENIOR HEALTH AWARDS PROJECT TITLE: AGING IMMUNITY AND VIRAL INFECTIONS IN OLDER ADULTS U.S. INSTITUTION:JOHNS HOPKINS UNIVERSITYPART OF A MULTI YEAR STUDY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard P Milstein Chair * | OfficerTrustee | 0 | $0 |
Abby S Milstein Director * | OfficerTrustee | 0 | $0 |
Sean X Leng MD PHD President * | OfficerTrustee | 8 | $230,000 |
Gerald Lazarus MD Founding President * | OfficerTrustee | 0 | $0 |
Michael W Hodin PHD Director * | OfficerTrustee | 0 | $0 |
Eric Kaplan ESQ Board Secretary * | Officer | 0 | $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 | $771,747 |
| Noncash contributions included in lines 1a–1f | $8,168 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $771,747 |
| Total Program Service Revenue | $0 |
| Investment income | $564 |
| 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 | $772,311 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $50,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $539,261 |
| Compensation of current officers, directors, key employees. | $122,630 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,170 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,323 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,433 |
| Fees for services: Accounting | $14,295 |
| 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 | $1,206 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,001 |
| Travel | $0 |
| 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 | $8,728 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $820,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,885 |
| Savings and temporary cash investments | $0 |
| 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 | $10,349 |
| 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 | $54,234 |
| Accounts payable and accrued expenses | $47,002 |
| Grants payable | $30,000 |
| 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 | $77,002 |
| Net assets without donor restrictions | -$22,768 |
| 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 | $54,234 |
Grants Awarded
Over the last fiscal year, Milstein Medical Asian-American Partnership Foundation Inc has awarded $85,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JOHNS HOPKINS UNIVERSITY SCHOOL OF MEDICINE - PURPOSE: Project Name:Study of salidroside alleviating secretory phenotype by regulating the expression of exosomal miR-146a derived fromsenescent cells | $10,000 |
JOHNS HOPKINS UNIVERSITY SCHOOL OF MEDICINE - PURPOSE: Project Name: Aging Immunity and Viral Infections in Older Adults | $75,000 |