Heffter Research Institute
- Assets
- $1.9m
- Revenue
- $972.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- Data as of
- 12/2021
- EIN
- 85-1073501
Organization Overview
Heffter Research Institute is located in Greenwich, CT. According to its NTEE Classification (U20) the organization is classified as: General Science, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heffter Research 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, Heffter Research Institute generated $972.8k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $721.1k during the year ending 12/2021. 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
SCIENTIFIC RESEARCH TO RELIEVE SUFFERING AND TO UNDERSTAND THE HUMAN MIND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE ITS INCEPTION, HRI HAS BEEN HELPING TO DESIGN, REVIEW, AND FUND THE LEADING STUDIES ON PSILOCYBIN AT PROMINENT RESEARCH INSTITUTIONS IN THE UNITED STATES AND EUROPE. HRI'S RESEARCH HAS EXPLORED PSILOCYBIN FOR THE TREATMENT OF CANCER-RELATED DISTRESS AND ADDICTION AND FOR BASIC SCIENCE RESEARCH INTO THE PHYSIOLOGY OF BRAIN ACTIVITY, COGNITION, AND BEHAVIOR. THE INSTITUTE ALSO SPONSORS AND/OR HOSTS SCIENTIFIC CONFERENCES THAT PRESENTS RESEARCH RESULTS AND PROVIDES A FORUM TO DISCUSS THE SAFETY AND APPROPRIATE MEDICAL AND SCIENTIFIC USES OF PSILOCYBIN AND RELATED COMPOUNDS. THE RESULTS OF THESE STUDIES AND RESEARCH ARE SUBMITTED FOR PUBLICATION IN RECOGNIZED SCIENTIFIC JOURNALS. IN 2021, HRI PAID AND/OR PLEDGED OVER $660,000 IN GRANTS TO ADVANCE SCIENTIFIC CAUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Greer Director And Chairman | OfficerTrustee | 20 | $33,307 |
Carey Turnbull President | OfficerTrustee | 2 | $0 |
David E Nichols PHD Vice President | OfficerTrustee | 2 | $0 |
William A Linton Treasurer | OfficerTrustee | 2 | $0 |
Claudia Turnbull Secretary | OfficerTrustee | 2 | $0 |
Roland Griffiths PHD Director | Trustee | 2 | $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 | $965,745 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $965,745 |
| Total Program Service Revenue | $0 |
| Investment income | $7,073 |
| 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 | $972,818 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $663,797 |
| 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. | $33,307 |
| Compensation of current officers, directors, key employees. | $13,323 |
| 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 | $6,455 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,196 |
| Advertising and promotion | $2,308 |
| Office expenses | $2,073 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $926 |
| All other expenses | $0 |
| Total functional expenses | $721,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $560,000 |
| Savings and temporary cash investments | $601,633 |
| Pledges and grants receivable | $788,257 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,949,890 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $699,150 |
| 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 | $699,150 |
| Net assets without donor restrictions | $0 |
| 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 | $1,250,740 |
| Total liabilities and net assets/fund balances | $1,949,890 |
Grants Awarded
Over the last fiscal year, Heffter Research Institute has awarded $592,797 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: Funding for medical and scientific research | $335,000 |
Boston, MA PURPOSE: Funding for medical and scientific research | $146,575 |
New York, NY PURPOSE: Funding for medical and scientific research | $111,222 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heffter Research Institute has recieved totaling $115,084.
| Awarding Organization | Amount |
|---|---|
Turnbull Family Foundation Inc Greenwich, CT PURPOSE: GENERAL SUPPORT | $115,084 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
World Science Foundation New York, NY | $13,088,749 | $7,478,619 |
Earthwatch Institute Inc Newton, MA | $7,504,527 | $5,695,996 |
Consortium Of Universities For The Advangement Of Hydrologic Science Arlington, MA | $1,281,994 | $3,411,745 |
Mental Health Empowerment Project Inc Albany, NY | $1,208,283 | $2,548,134 |
Tricontinental Ltd Northampton, MA | $11,768,308 | $1,563,413 |
Talcott Mountain Science Center For Student Involvement Inc Avon, CT | $6,484,905 | $1,706,549 |
New England Complex Systems Institute Inc Cambridge, MA | $489,889 | $1,033,177 |
Heffter Research Institute Greenwich, CT | $1,949,890 | $972,818 |
Rhode Island Natural History Survey Kingston, RI | $553,768 | $736,991 |
Ahepa 110-Iii Inc Norwich, CT | $2,647,292 | $417,798 |
American Center For Optics Manufacturing Inc Rochester, NY | $449,823 | $886,662 |
Shevchenko Scientific Society Inc New York, NY | $8,998,987 | $475,035 |