NARSAD RESEARCH INSTITUTE INC

EIN: 113401438 501(c)(3) Philanthropy & Grantmaking

NEW YORK, NY

Total Revenue
$127,330
Total Expenses
$120,075
Total Assets
$63,372
Net Assets
$63,372
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NY
Principal Officer
JEFFREY BORENSTEIN MD
Phone
6466814888
Tax Period
2021-01-01 to 2021-12-31

NARSAD RESEARCH INSTITUTE INC, founded in 1997, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $127K in total revenue in fiscal year 2021. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $120K left a modest 6% surplus.

Mission

THE INSTITUTE WAS FOUNDED TO GENERATE CONTRIBUTIONS FROM INDIVIDUALS AND GROUPS TO SUPPORT NATIONAL ALLIANCE FOR RESEARCH ON SCHIZOPHRENIA AND DEPRESSION D/B/A BRAIN & BEHAVIOR RESEARCH FOUNDATION, AN AFFILIATED ENTITY. THE INSTITUTE DISTRIBUTES GRANTS AND SCHOLARSHIPS TO INDIVIDUALS AND GROUPS WHO ARE MAKING AND DOING RESEARCH TO CURE AND PREVENT MENTAL ILLNESS.

Program Service Accomplishments

Program 1
Expenses: $120,000 Revenue: $0

GRANT TO NATIONAL ALLIANCE FOR RESEARCH ON SCHIZOPHRENIA AND DEPRESSION D/B/A BRAIN & BEHAVIOR RESEARCH FOUNDATION TO FUND RESEARCH INTO THE CAUSES, CURES, PREVENTION AND TREATMENT OF MENTAL...

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GRANT TO NATIONAL ALLIANCE FOR RESEARCH ON SCHIZOPHRENIA AND DEPRESSION D/B/A BRAIN & BEHAVIOR RESEARCH FOUNDATION TO FUND RESEARCH INTO THE CAUSES, CURES, PREVENTION AND TREATMENT OF MENTAL ILLNESSES; PRIMARILY SCHIZOPHRENIA AND DEPRESSION.

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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 (2021)

Revenue Breakdown

Contributions & Grants $127,330
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $127,330

Expense Breakdown

Grants Paid $120,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $120,000
Other Expenses $75
TOTAL EXPENSES $120,075

Year-over-Year Comparison

2021 2020 Change
Revenue $127,330 $482,553 -0.7%
Expenses $120,075 $1,055,425 -0.9%
Net Income $7,255 $-572,872 -1.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
3

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
2
$569,231
Total Directors
4
$569,231
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY BORENSTEIN MD PRESIDENT 0.5
Officer Director
$0 $0 $569,231
GEOFFREY SIMON TREASURER 0.5
Officer Director
$0 $0 $0
MIRIAM KATOWITZ SECRETARY 0.5
Director
$0 $0 $0
ROBERT WEISMAN Director 0.5
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
2021 $127,330 $120,075 $63,372 $7,255
2020 $482,553 $1,055,425 $56,117 $-572,872
2019 $3,989,679 $3,700,127 $7,723,689 $289,552
2018 $5,746,983 $5,591,004 $5,839,436 $155,979
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