Milky Way Research Foundation
- Assets
- $2.0m
- Revenue
- $19.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 05/2022
- EIN
- 85-2277927
Organization Overview
Milky Way Research Foundation is located in Washington, DC.
For the year ending 05/2022, Milky Way Research Foundation generated $19.2m in total revenue. All expenses for the organization totaled $22.1m during the year ending 05/2022.
Since 2021, Milky Way Research Foundation has awarded 48 individual grants totaling $26,393,247. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HOSTED A SYMPOSIUM DURING THE TAX-YEAR ENDING MAY 31, 2021, CREATING A VISION FOR THE SCIENCE OF REJUVENATION AND SUPPORTING THE FURTHERANCE OF MEDICAL RESEARCH RELATED TO PHYSIOLOGICAL CHANGE OVER TIME. THE SYMPOSIUM INCLUDED TOPICS SUCH AS CELLULAR REPROGRAMMING, EPIGENETIC REPROGRAMMING, CLOCKS AND HALLMARKS, ORGANISMAL MATURATION AND SENESCENCE, AND TRANSLATIONAL OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Klausner Director, President & Treasurer | 1 | $0 | |
James A Hutchinson Director, Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,192,837 |
| Interest on Savings | $110 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,192,947 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $277,157 |
| Total operating and administrative expenses | $590,715 |
| Contributions, gifts, grants paid | $21,505,585 |
| Total expenses and disbursements | $22,096,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $508,188 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $1,460,321 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,968,509 |
| Accounts payable and accrued expenses | $58,743 |
| Grants payable | $4,768,825 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,827,568 |
Grants Awarded
Over the last fiscal year, Milky Way Research Foundation has awarded $21,505,585 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
EPIGENETIC CLOCK FOUNDATION PURPOSE: MEDICAL RESEARCH | $1,000,000 |
THE TRUSTEES OF COLUMBIA UNIVERSITY PURPOSE: INVESTIGATOR AWARD RESEARCH GRANT | $776,250 |
THE TRUSTEES OF COLUMBIA UNIVERSITY PURPOSE: INVESTIGATOR AWARD RESEARCH GRANT | $776,250 |
FUNDACIO INSTITUT DE RECERCA BIOMEDICA PURPOSE: INVESTIGATOR AWARD RESEARCH GRANT | $766,506 |
THE UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER PURPOSE: INVESTIGATOR AWARD RESEARCH GRANT | $575,000 |
Redwood City, CA PURPOSE: INVESTIGATOR AWARD RESEARCH GRANT | $575,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Psychiatric Association Washington, DC | $179,554,491 | $53,525,834 |
Horizon Development Properties Inc Charlotte, NC | $420,836,852 | $43,904,469 |
Enterprise Community Development Inc Columbia, MD | $150,433,261 | $43,987,858 |
Industrial Manufacturing Professional And Commercial Trust Lexington, KY | $8,502,513 | $49,520,230 |
Chesapeake Regional Information System For Our Patients Inc Columbia, MD | $18,949,461 | $51,004,961 |
Associated Jewish Community Federation Of Baltimore Inc Baltimore, MD | $42,735,304 | $45,612,361 |
Tideland Electric Membership Corp Pantego, NC | $155,003,665 | $49,716,262 |
League Of Conservation Voters Education Fund Washington, DC | $22,827,325 | $54,050,067 |
Messiah Home Mechanicsburg, PA | $178,549,269 | $51,412,413 |
Pennsylvania Leadership Charter Schools West Chester, PA | $90,879,263 | $65,797,836 |
Grove City Medical Center Pittsburgh, PA | $19,315,788 | $24,381,583 |
Kimmel Center Inc Philadelphia, PA | $245,953,445 | $41,081,924 |