Foundation For The Eradication Of Dementia And Mental Illness
- Assets
- $1.6m
- Revenue
- -$19.8k
- Investments
- $1.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2022
- EIN
- 85-2888716
Organization Overview
Foundation For The Eradication Of Dementia And Mental Illness is located in Wilmington, DE. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For The Eradication Of Dementia And Mental Illness is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CROWD SOURCING CURES: PROVIDING ACCESS TO FREE EDUCATIONAL RESOURCES FOR THE GENERAL PUBLIC REGARDING THE LATEST SCIENTIFIC RESEARCH OF CHRONIC ILLNESSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Sinn Paid Employee | 40 | $79,976 | |
Susanna Smith Paid Employee | 40 | $68,994 | |
Donald Baumer Paid Employee | 40 | $68,952 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $215 |
| Dividends & Interest | $21,885 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$41,959 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $97 |
| Total Revenue | -$19,762 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $49,284 |
| Other employee salaries and wages | $217,922 |
| Pension plans, employee benefits | $22,646 |
| Interest | $0 |
| Taxes | $1,400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,737 |
| Total operating and administrative expenses | $309,989 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $359,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $105,647 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| 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 | $1,628,594 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Foundation For The Eradication Of Dementia And Mental Illness has awarded $50,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LIFESPAN EXTENSION ADVOCACY FOUNDATION INC PURPOSE: OPERATIONS RELATED TO A FIRST-IN-KIND DECENTRALIZED CLINICAL TRIAL PROVING REMEDIATION OF ALZHEIMER'S | $20,000 |
THE FORESIGHT INSTITUTE PURPOSE: TO ACCELERATE THE FIELD OF CLINICAL RESEARCH TO DISCOVER NEW SOLUTIONS TO ALLEVIATE DEMENTIA AND MENTAL ILLNESS | $20,000 |
THE FORESIGHT INSTITUTE PURPOSE: TO ACCELERATE THE PACE OF CLINICAL DISCOVERY THROUGH THE COORDINATION OF DECENTRALIZED SCIENTIFIC RESEARCH ENTITIES | $10,000 |