GIOVANNI ARMENISE-HARVARD FOUNDATION FOR SCIENTIFIC RESEARCH INC

EIN: 043293162 501(c)(3) Medical Research

BOSTON, MA

Total Revenue
$3,556,860
Total Expenses
$3,823,404
Total Assets
$81,682,389
Net Assets
$78,947,546
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MA
Principal Officer
LISA MAYER
Phone
6174326257
Tax Period
2022-07-01 to 2023-06-30

GIOVANNI ARMENISE-HARVARD FOUNDATION FOR SCIENTIFIC RESEARCH INC, founded in 1995, is a community nonprofit in the Medical Research sector that reported $3.6M in total revenue in fiscal year 2022. Net assets of $78.9M represent 266 months of operating reserves.

Mission

TO SUPPORT RESEARCH IN MOLECULAR AND CELL BIOLOGY, BASIC TO MEDICINE AND AGRICULTURE, CONSIDERING DERIVATIVE ETHICAL ISSUES, ALL IN CONNECTION WITH THE PRESIDENT & FELLOWS OF HARVARD COLLEGE ("THE COLLEGE"), ALSO REFERRED TO AS HARVARD UNIVERSITY.

Program Service Accomplishments

Program 1
Expenses: $3,308,266 Revenue: $0

GRANTS FOR RESEARCH CONDUCTED BY PHYSICIANS, SCIENTISTS, AND OTHER PROFESSIONALS TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $8,000
Program Service Revenue $0
Investment Income $3,548,860
Other Revenue $0
TOTAL REVENUE $3,556,860

Expense Breakdown

Grants Paid $2,933,605
Salaries & Benefits $0
Fundraising Expenses $95
Program Expenses $3,308,266
Other Expenses $889,799
TOTAL EXPENSES $3,823,404

Year-over-Year Comparison

2022 2021 Change
Revenue $3,556,860 $3,515,186 +0.0%
Expenses $3,823,404 $1,900,900 +1.0%
Net Income $-266,544 $1,614,286 -1.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
1
Employees
N/A
Volunteers
1

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$1,565,145
Total Directors
5
$2,081,974
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE Q DALEY MD PRES/CEO/TRUSTEE 1.0
Officer Director
$0 $39,013 $970,197
MICHAEL E GREENBERG MD TRUSTEE 1.0
Director
$0 $38,788 $516,829
DAVID M SMALLWOOD TTEE/TRSR/CLRK 1.0
Officer Director
$0 $68,585 $357,301
LISA MAYER TRUSTEE/EXEC DIRECTOR GAHF 17.0
Officer Director
$0 $36,361 $237,647
GIAMPIERO AULETTA ARMENISE CHAIRMAN 1.0
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $3,556,860 $3,823,404 $81,682,389 $-266,544
2022 $3,515,186 $1,900,900 $82,886,909 $1,614,286
2021 $3,121,005 $2,553,706 $87,268,004 $567,299
2020 $3,279,260 $2,923,377 $69,020,687 $355,883
2019 $3,192,916 $2,851,465 $67,500,899 $341,451
2018 $3,201,570 $5,479,467 $66,567,918 $-2,277,897
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