Arthritis Research Institute Of America Inc
- Assets
- $2.9m
- Revenue
- $60.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Clearwater, FL
- Founding
- 10/1984
- Data as of
- 12/2021
- EIN
- 59-2438325
Organization Overview
Arthritis Research Institute Of America Inc, operating under the name Aging And Wellness Institute, is located in Clearwater, FL. The organization was established in 1984. According to its NTEE Classification (H51) the organization is classified as: Arthritis Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aging And Wellness Institute 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, Aging And Wellness Institute generated $60.7k 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 (9.2%) each year. All expenses for the organization totaled $77.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.6%) 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 ARTHRITIS RESEARCH INSTITUTE OF AMERICA INC WAS INCORPORATED TO CONDUCT AND PROMOTE RESEARCH, PROGRAMS AND SERVICES RELATED TO ARTHRITIS AND DISEASES OF THE AGING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AN UNKNOWN AMOUNT OF PEOPLE ON THE WEBSITE WITH ARTICLES AND RESEARCH ASSISTING IN HEALTH AND NUTRITION.
PROMOTE RESEARCH INTO ARTHRITIS AND RELATED DISEASES AND TO EDUCATE THE PUBLIC ON WELLNESS ISSUES BY PROVIDING ASSISTANCE TO ORGANIZATIONS WHO CARRY ON THE ACTIVITIES THAT THE ARTHRITIS RESEARCH INSTITUTE OF AMERICA HAD BEEN PERFORMING. DUE TO COVID 19, WHICH CAUSED THE LOSS OF FACILITIES AND INSTRUCTORS, THE ORGANIZATION HAS NOT BEEN ABLE TO CONDUCT THE ACTIVITIES IN 2021. THE GRANTS WERE PROVIDED TO OTHER ORGANIZATIONS WHICH CARRIED OUT EDUCATION AND RESEARCH ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John P Barrett Jr MD President | OfficerTrustee | 1 | $0 |
Cheryl Cornelius Director | Trustee | 1 | $0 |
Parker Evans Director | Trustee | 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 | $30,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,688 |
| Total Program Service Revenue | $0 |
| Investment income | $25,637 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,424 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,749 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,980 |
| Fees for services: Other | $530 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,278 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $77,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,674 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,490,913 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,331,247 |
| Total assets | $2,852,834 |
| Accounts payable and accrued expenses | $453 |
| 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 | $453 |
| Net assets without donor restrictions | $1,521,134 |
| Net assets with donor restrictions | $1,331,247 |
| 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 | $2,852,834 |
Grants Awarded
Over the last fiscal year, Arthritis Research Institute Of America Inc has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Clearwater, FL PURPOSE: ARTHRITIS WELLNESS | $25,000 |
UNIVERSITY OF SOUTH FLORIDA PURPOSE: ARTHRITIS RESEARCH | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Arthritis Research Institute Of America Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Middlecott Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $500 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American College Of Endocrinology Inc Jacksonville, FL | $6,652,790 | $7,508,958 |
Cure Childhood Cancer Inc Atlanta, GA | $4,112,651 | $8,053,096 |
International Society On Thrombosis And Haemostasis Inc Carrboro, NC | $25,182,348 | $9,872,487 |
Roskamp Institute Inc Sarasota, FL | $9,416,640 | $7,403,056 |
Dolphins Cycling Challenge Inc Miami Gardens, FL | $2,087,830 | $8,010,731 |
Institute For Medical Research Inc Durham, NC | $6,550,784 | $5,925,427 |
Pediatric Brain Tumor Foundation Of The United States Inc Atlanta, GA | $6,277,731 | $5,999,996 |
Heineman-Robicsek Foundation Inc Charlotte, NC | $7,695,245 | $5,065,349 |
Ophthalmology Research Foundation Inc Miami, FL | $78,932,137 | $9,352,354 |
Neurodegenerative Disease Research Inc Reddick, FL | $563,346 | $4,274,249 |
Epilepsy Florida Inc Miami, FL | $1,706,005 | $4,644,061 |
American Peanut Shellers Assoc Inc Albany, GA | $1,751,167 | $3,704,531 |