Daniel X And Mary Freedman Foundation For Academic Psychiatry
- Assets
- $3.1m
- Revenue
- $474.4k
- Investments
- $3.0m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 07/1995
- Data as of
- 12/2023
- EIN
- 95-4537646
Organization Overview
Daniel X And Mary Freedman Foundation For Academic Psychiatry is located in Pasadena, CA. The organization was established in 1995. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Daniel X And Mary Freedman Foundation For Academic Psychiatry 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 12/2023, Daniel X And Mary Freedman Foundation For Academic Psychiatry generated $474.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $408.6k during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Whalen President | 2 | $55,000 | |
Christina S Whalen Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $119,864 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $354,539 |
| Capital Gain Net Income | $354,539 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $474,403 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $55,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,952 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $569 |
| Total operating and administrative expenses | $83,574 |
| Contributions, gifts, grants paid | $325,000 |
| Total expenses and disbursements | $408,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $97,107 |
| 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 | $164,543 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,050,397 |
| 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, Daniel X And Mary Freedman Foundation For Academic Psychiatry has awarded $325,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
YALE SCHOOL OF MEDICINE-PSYCHIATRY PURPOSE: SUPPORT OF NEUROPSYCHIATRY TRAINEES | $200,000 |
SCRIPPS COLLEGE PURPOSE: SENIOR ART EXHIBITION | $65,000 |
IMPERIAL COLLEGE PURPOSE: SUPPORT RESEARCH AND TEACHING ACTIVITIES | $60,000 |