NATIONAL ALLIANCE FOR RESEARCH ON SCHIZOPHRENIA AND DEPRESSION

EIN: 311020010 501(c)(3)

NEW YORK, NY

Total Revenue
$21,666,231
Total Expenses
$14,467,904
Total Assets
$53,127,638
Net Assets
$37,128,469
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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
KY
Principal Officer
JEFFERY BORENSTEIN MD
Phone
6466814888
Tax Period
2023-01-01 to 2023-12-31

NATIONAL ALLIANCE FOR RESEARCH ON SCHIZOPHRENIA AND DEPRESSION, founded in 1981, is a mid-sized nonprofit that reported $21.7M in total revenue in fiscal year 2023. The organization ran a surplus of $7.2M, a strong 33% operating margin.

Mission

NATIONAL ALLIANCE FOR RESEARCH ON SCHIZOPHRENIA AND DEPRESSION (NARSAD) D/B/A THE BRAIN & BEHAVIOR RESEARCH FOUNDATION IS COMMITTED TO ALLEVIATING THE SUFFERING OF MENTAL ILLNESS BY AWARDING GRANTS THAT WILL LEAD TO ADVANCES AND BREAKTHROUGHS IN SCIENTIFIC RESEARCH.

Program Service Accomplishments

Program 1
Expenses: $9,232,426 Revenue: $0

GRANTS AND SCHOLARSHIPS TO FUND SCIENTIFIC RESEARCH INTO THE CAUSES, CURES, AND PREVENTION OF CHRONIC AND SEVERE MENTAL ILLNESSES SUCH AS DEPRESSION, SCHIZOPHRENIA, ANXIETY, AUTISM, BIPOLAR DISORDER...

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GRANTS AND SCHOLARSHIPS TO FUND SCIENTIFIC RESEARCH INTO THE CAUSES, CURES, AND PREVENTION OF CHRONIC AND SEVERE MENTAL ILLNESSES SUCH AS DEPRESSION, SCHIZOPHRENIA, ANXIETY, AUTISM, BIPOLAR DISORDER, ADHD, PTSD AND OCD.

Program 2
Expenses: $2,613,874 Revenue: $0

EXPENSES TO PROVIDE RESEARCH GRANTS, SELECT PROSPECTIVE GRANTEES, SUBMIT PROPOSALS AND FURTHER PROMOTE SCIENTIFIC ADVANCEMENT AND RESEARCH INTO THE CAUSES, CURES, AND PREVENTION OF CHRONIC AND SEVERE...

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EXPENSES TO PROVIDE RESEARCH GRANTS, SELECT PROSPECTIVE GRANTEES, SUBMIT PROPOSALS AND FURTHER PROMOTE SCIENTIFIC ADVANCEMENT AND RESEARCH INTO THE CAUSES, CURES, AND PREVENTION OF CHRONIC AND SEVERE MENTAL ILLNESSES. IN ADDITION TO THE EXPENSES REPORTED, THE REPORTING ORGANIZATION'S SCIENTIFIC COUNCIL CONTRIBUTED SERVICES OF $1,574,494.(DONATED SERVICES ARE NOT REPORTED AS EITHER REVENUE OR EXPENSE AS PER IRS FORM 990 INSTRUCTIONS.) THE SCIENTIFIC COUNCIL CONSISTS OF A GROUP OF SCIENTISTS WHO ARE LEADERS IN NEUROSCIENCE AND PSYCHIATRY. THESE VOLUNTEERS PRIMARILY REVIEW RESEARCH GRANTS AND PROJECTS ON BEHALF OF THE ORGANIZATION. ALSO, IN 2023 THE REPORTING ORGANIZATION UTILIZED A GRANT WHICH PROVIDED ONLINE ADVERTISING, AT NO COST, HAVING A VALUE OF $473,791.

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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 (2023)

Revenue Breakdown

Contributions & Grants $19,746,350
Program Service Revenue $0
Investment Income $1,735,482
Other Revenue $184,399
TOTAL REVENUE $21,666,231

Expense Breakdown

Grants Paid $10,443,150
Salaries & Benefits $2,987,917
Fundraising Expenses $897,389
Program Expenses $11,846,300
Other Expenses $1,036,837
TOTAL EXPENSES $14,467,904

Year-over-Year Comparison

2023 2022 Change
Revenue $21,666,231 $22,664,940 0.0%
Expenses $14,467,904 $13,927,948 +0.0%
Net Income $7,198,327 $8,736,992 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
20
Independent Members
20
Employees
12
Volunteers
213

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
6
$1,031,744
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY BORENSTEIN President & CEO 35.0
Officer
$596,615 $0 $596,615
LOUIS INNAMORATO CPA CFO 35.0
Officer
$389,241 $45,888 $435,129
FAITH ROTHBLATT VP of Development 35.0
Highest
$288,317 $17,913 $306,230
LAUREN DURAN VP of M&C 35.0
Highest
$240,435 $0 $240,435
SHO TIN CHEN Director of Research Grants 35.0
Highest
$219,609 $17,913 $237,522
PETER TARR Editorial/Writer Director 35.0
Highest
$171,585 $17,916 $189,501
JOHN BAYAT Senior Accountant 35.0
Highest
$139,459 $208 $139,667
GEOFFREY SIMON Chairman 2.0
Officer Director
$0 $0 $0
MIRIAM KATOWITZ Vice President 1.0
Officer Director
$0 $0 $0
DONALD M BOARDMAN Treasurer 1.0
Officer Director
$0 $0 $0
JOHN R OSTERHAUS Secretary 1.0
Officer Director
$0 $0 $0
CAROL ATKINSON Director 0.5
Director
$0 $0 $0
J ANTHONY BOECKH Director 0.5
Director
$0 $0 $0
MARTIN H BORELL Director (as of 3/4/23) 0.5
Director
$0 $0 $0
JUDY GENSHAFT Director 0.5
Director
$0 $0 $0
JOHN KEN HARRISON Director 0.5
Director
$0 $0 $0
JOHN B HOLLISTER Director 0.5
Director
$0 $0 $0
CAROLE H MALLEMENT Director 0.5
Director
$0 $0 $0
MILTON MALTZ Director 0.5
Director
$0 $0 $0
JEFFREY R PETERSON Director 0.5
Director
$0 $0 $0
MARC R RAPPAPORT Director 0.5
Director
$0 $0 $0
MARY E RUBIN Director 0.5
Director
$0 $0 $0
VIRGINIA M SILVER Director 0.5
Director
$0 $0 $0
KENNETH H SONNENFELD Director 0.5
Director
$0 $0 $0
BARBARA K STREICKER Director 0.5
Director
$0 $0 $0
BARBARA TOLL Director 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
2024 No data No data No data No data
2023 $21,666,231 $14,467,904 $53,127,638 $7,198,327
2022 $22,664,940 $13,927,948 $43,811,681 $8,736,992
2021 $18,359,337 $14,418,118 $44,896,085 $3,941,219
2020 $20,589,504 $23,115,485 $44,519,255 $-2,525,981
2019 $26,054,779 $20,207,652 $37,443,086 $5,847,127
2018 $19,768,175 $19,328,117 $28,420,093 $440,058
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