THE RYAN LICHT SANG BIPOLAR FOUNDATION INC

EIN: 201750379 501(c)(3) Mental Health

CHICAGO, IL

Total Revenue
$450,686
Total Expenses
$444,988
Total Assets
$401,723
Net Assets
$370,552
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
FL
Phone
8889444408
Tax Period
2023-07-01 to 2024-06-30

THE RYAN LICHT SANG BIPOLAR FOUNDATION INC, founded in 2004, is a small nonprofit in the Mental Health sector that reported $451K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

THE FOUNDATION IS DEDICATED TO FOSTERING AWARENESS, UNDERSTANDING AND RESEARCH FOR EARLY-ONSET BIPOLAR DISORDER. THE FOUNDATION IS ON A "QUEST FOR THE TEST" TO FIND AN EMPIRICAL TEST FOR BIPOLAR DISORDER SO THAT EARLY DETECTION AND INTERVENTION BECOME A REALITY.

Program Service Accomplishments

Program 1
Expenses: $253,258 Revenue: $34,500

THE FOUNDATION CONTINUED ITS DIRECTIVE OF TARGETING CHANGE - THE NEXT DECADE - WITH PROJECTS IN THE AREAS OF RESEARCH, UNDERSTANDING AND AWARENESS OF EARLY-ONSET BIPOLAR DISORDER, AIMED AT REDUCING...

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THE FOUNDATION CONTINUED ITS DIRECTIVE OF TARGETING CHANGE - THE NEXT DECADE - WITH PROJECTS IN THE AREAS OF RESEARCH, UNDERSTANDING AND AWARENESS OF EARLY-ONSET BIPOLAR DISORDER, AIMED AT REDUCING THE STIGMA ASSOCIATED WITH THIS SERIOUS ILLNESS OF THE BRAIN, AND ITS "QUEST FOR THE TEST" AIMED AT FINDING AN EMPIRICAL, BIOMARKER TEST FOR BIPOLAR DISORDER. PROJECTS INCLUDED: 1) THE FOUNDATION'S INSIGHTS VI JURIED ART COMPETITION AND EXHIBITION SHOWCASING "CREATIVITY AND THE BIPOLAR BRAIN" HELD IN CHICAGO (OCTOBER 2023) AT THE ZOLLA/LIEBERMAN GALLERY AND IN PALM BEACH (JANUARY 2024) AT THE SUROVEK GALLERY. GRANTS FOR THE ARTISTS OF SELECTED WORKS WERE UNDERWRITTEN. EACH EXHIBITION HAD A VERY SUCCESSFUL OPENING NIGHT FUNDRAISER AND WAS OPEN TO THE PUBLIC AT NO CHARGE THEREAFTER TO SPREAD AWARENESS ABOUT BIPOLAR DISORDER. MANY GRANTEE ARTISTS WERE IN ATTENDANCE AT THEIR OWN EXPENSE; 2) THE FOUNDATION'S 18TH ANNUAL CHICAGO BIPOLAR DISORDER MEDICAL BRIEFING LUNCHEON WAS HELD IN MAY 2024 AND FEATURED A PANEL DISCUSSION WITH DR. RANDY BLAKELY OF THE FAU STILES-NICHOLSON BRAIN INSTITUTE AND SARA SCHLEY AUTHOR OF THE BOOK "BRAINSTORM;" 3) AT THE LUNCHEON, A VIDEO FROM DR. JORDAN SMOLLER OF MASSACHUSETTS GENERAL HOSPITAL WAS SHOWN WHERE HE PRESENTED THE RESULTS OF HIS ARTIFICIAL INTELLIGENCE RESEARCH PROJECT, FUNDED BY THE RYAN LICHT SANG BIPOLAR FOUNDATION, THAT SUCCESSFULLY DEVELOPED AN ALGORITHM THAT COULD INTERROGATE ELECTRONIC MEDICAL HEALTH RECORDS AND SCREEN CHILDREN, ADOLESCENTS AND YOUNG ADULTS FOR BIPOLAR DISORDER. THE FOUNDATION ALSO ANNOUNCED THE ESTABLISHMENT OF A FUND AT MASSACHUSETTS GENERAL HOSPITAL TO SUPPORT "QUEST FOR THE TEST" RESEARCH INTO EARLY-ONSET BIPOLAR DISORDER BY PROMISING POST-DOCTORAL FELLOWS; 4) JERSEY MIKE'S SUBS HELD A THIRD ANNUAL MULTI-STORE FUNDRAISER FOR THE FOUNDATION IN CHICAGO; 5) THE FOUNDATION'S ONLINE AWARENES STORE FULFILLED AWARENESS PIN ORDERS FROM AROUND THE WORLD; AND, 6) THE FOUNDATION CONTINUED TO SPREAD AWARENESS THROUGH ITS SOCIAL MEDIA AND QUARTERLY NEWSLETTER. THE FOUNDATION IS WAITING FOR ACTION ON ITS ERC CREDIT APPLICATION FOR $26,000 THAT WAS FILED IN ITS PRIOR FISCAL YEAR.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $510,621
Program Service Revenue $34,500
Investment Income $60
Other Revenue $-94,495
TOTAL REVENUE $450,686

Expense Breakdown

Grants Paid $25,000
Salaries & Benefits $110,471
Fundraising Expenses $122,237
Program Expenses $253,258
Other Expenses $309,517
TOTAL EXPENSES $444,988

Year-over-Year Comparison

2023 2022 Change
Revenue $450,686 $347,020 +0.3%
Expenses $444,988 $359,437 +0.2%
Net Income $5,698 $-12,417 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
2
Employees
1
Volunteers
125

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
$98,200
Total Directors
5
$98,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOYCE LICHT SANG PRESIDENT/DIRECTOR 70.0
Officer Director
$98,200 $0 $98,200
SARAH L MYERS SECRETARY/TREASURER/IND DIR 5.0
Officer Director
$0 $0 $0
CLIVE M BAUMGARTEN INDEPENDENT DIRECTOR 5.0
Director
$0 $0 $0
DUSTY SANG DIRECTOR 20.0
Director
$0 $0 $0
JAYNEE LICHT LUNTZ DIRECTOR 5.0
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 $450,686 $444,988 $401,723 $5,698
2023 $347,020 $359,437 $412,039 $-12,417
2022 $387,148 $383,950 $402,751 $3,198
2021 $324,780 $247,394 $412,531 $77,386
2020 $250,951 $295,265 $335,234 $-44,314
2019 $348,565 $311,793 $364,101 $36,772
2018 $310,684 $311,022 $322,843 $-338
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