Kessler Foundation Inc

EIN: 311562134 501(c)(3) Human Services

East Hanover, NJ

Total Revenue
$33,534,975
Total Expenses
$34,093,857
Total Assets
$283,320,723
Net Assets
$262,988,603
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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
NJ
Principal Officer
RODGER L DEROSE
Phone
9733248364
Tax Period
2023-01-01 to 2023-12-31

Kessler Foundation Inc, founded in 1986, is a mid-sized nonprofit in the Human Services sector that reported $33.5M in total revenue in fiscal year 2023. Revenue surged 110% from the prior year, signaling strong growth momentum. Net assets of $263.0M represent 94 months of operating reserves.

Mission

The Foundation has two primary missions: (1) to conduct world-class medical rehabilitation research focused on functional gains for people with disabilities and (2) to identify and fund programs to improve employment opportunities for people with disabilities.

Program Service Accomplishments

Program 1
Expenses: $24,532,821 Revenue: $240,531

RESEARCH CENTER: Kessler Foundation researchers improve the quality of life for people with physical and cognitive disabilities through rehabilitation research in its ten (10) specialized Centers...

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RESEARCH CENTER: Kessler Foundation researchers improve the quality of life for people with physical and cognitive disabilities through rehabilitation research in its ten (10) specialized Centers under the leadership of noted research directors: Mobility and Rehabilitation Engineering Research; Neuropsychology & Neuroscience research; Employment and Disability Research; Spinal Cord Injury Research; Stroke Rehabilitation Research; Traumatic Brain Injury Research; Outcomes and Assessment Research; Autism Research; Tim & Caroline Reynolds Center for spinal stimulation and Rocco Ortenzio Neuroimaging Center. While the staff of each center has expertise in particular areas, collaboration among Foundation researchers as well as with collaborators from around the US and the world, enhances progress toward finding ways to overcome the obstacles faced by people with disabilities caused by brain injury, spinal cord injury, multiple sclerosis, arthritis, and other chronic neurological and orthopedic conditions. The Foundation has the distinction of having the only 3T MRI scanner solely devoted to rehabilitation research in the United States. Since 1998, the Foundation has invested $161 million in research, in addition to $150 million for research funded by federal, state and private sources. In 2023, the Foundation received over $22 million in new federal, state, and private grants and contracts. Two federal Model System grants establish Kessler Foundation as a center of excellence for both traumatic brain injury (TBI) and spinal cord injury (SCI) research. Model Systems are comprehensive networks that promote independent and collaborative research that will improve the national standard of care for individuals with these devastating injuries. Model Systems are funded by large, multi-year grants sponsored by the National Institute on Disability, Independent Living and Rehabilitation Research. Kessler Foundation is one of only six centers in the united states to have dual model systems: Northern New Jersey SCI System and Northern New Jersey TBI System. These model systems are collaborative efforts with Rutgers University-NJ Medical School and Kessler Institute for Rehabilitation. In 2018, the Board of Trustees approved a strategic area of research in the field of transcutaneous and epidural stimulation to improve function for people with spinal cord injuries. In early 2020, the Foundation completed construction of the Tim & Caroline Reynolds Center, a 11,000 square foot science building to house staff, laboratories and state-of-the-art equipment.

Program 2
Expenses: $1,419,080

PROGRAM CENTER: Kessler Foundation focuses on increasing employment opportunities for people with disabilities through its Signature Employment and Community Employment grantmaking programs which...

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PROGRAM CENTER: Kessler Foundation focuses on increasing employment opportunities for people with disabilities through its Signature Employment and Community Employment grantmaking programs which fund local and national programs aimed to increase the percentage of Americans with disabilities in the workforce. Special Initiative Grants, an invitation only program, are awarded to projects and organizations that operate within the broad spectrum of rehabilitation and physical disabilities primarily in New Jersey. Rates of unemployment and underemployment are unacceptably high among the millions of people with disabilities in the United States. By working full or part-time, with training and support, many people can find meaningful employment and reap the benefits of greater independence and self-esteem. Having a job enhances social interaction and acceptance in the community, which contribute to a better quality of life. Although individuals living with disabilities represent the largest minority group seeking employment in today's marketplace, they are often not considered an integral component of corporate diversity programs. Through our strategic focus on employment, Kessler Foundation has invested over $57 million since 1998 in organizations that work to create job opportunities for people with disabilities. Projects funded include placement, training and education, social enterprise, entrepreneurship, emergency grants and institutional support. This funding has enabled people with disabilities to overcome the obstacles that often face them and meet the workforce needs of American business. Innovative grant making has introduced creative solutions to help eliminate barriers that prevent people with disabilities from working.

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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 $16,379,996
Program Service Revenue $222,300
Investment Income $16,907,672
Other Revenue $25,007
TOTAL REVENUE $33,534,975

Expense Breakdown

Grants Paid $982,664
Salaries & Benefits $20,775,855
Fundraising Expenses $907,435
Program Expenses $25,951,901
Other Expenses $12,335,338
TOTAL EXPENSES $34,093,857

Year-over-Year Comparison

2023 2022 Change
Revenue $33,534,975 $15,971,386 +1.1%
Expenses $34,093,857 $31,512,001 +0.1%
Net Income $-558,882 $-15,540,615 -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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Governance

Voting Members
24
Independent Members
22
Employees
209
Volunteers
20

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
$987,272
Total Directors
24
$987,272
Key Employees
3
$1,474,329
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RODGER L DEROSE PRESIDENT AND CEO - TRUSTEE 40.0
Officer Director
$935,872 $51,400 $987,272
JOHN DELUCA SR. VICE PRESIDENT - RESEARCH 40.0
Key Emp
$567,599 $51,400 $618,999
GUANG YUE LAB DIRECTOR 40.0
Key Emp
$392,059 $51,400 $443,459
NANCY CHIARAVALLOTI LAB DIRECTOR 40.0
Key Emp
$360,471 $51,400 $411,871
MICHELE PIGNATELLO VP & CDO 40.0
Highest
$282,189 $47,492 $329,681
Trevor Dyson-Hudson LAB DIRECTOR 40.0
Highest
$277,170 $47,406 $324,576
JOHN O'NEILL LAB DIRECTOR 40.0
Highest
$276,738 $47,625 $324,363
ELAINE KATZ SR. VP GRANTS & COMMUNICATIONS 40.0
Highest
$270,850 $46,121 $316,971
GAIL FORREST DIRECTOR 40.0
Highest
$238,181 $44,219 $282,400
MICHAEL A SAFFER Chair - TRUSTEE 3.0
Officer Director
$0 $0 $0
C WILLIAM WEISSER VICE CHAIR - Trustee 3.0
Officer Director
$0 $0 $0
BRUCE SCHNELWAR SECRETARY - Trustee 3.0
Officer Director
$0 $0 $0
MICHAEL P DAVIS TRUSTEE 3.0
Director
$0 $0 $0
M JOHN GERMAIN TRUSTEE 3.0
Director
$0 $0 $0
DAVID LEGOW TRUSTEE 3.0
Director
$0 $0 $0
GUY TUFO TRUSTEE 3.0
Director
$0 $0 $0
DIANE ZEZZA TRUSTEE 3.0
Director
$0 $0 $0
BRIAN CRAWFORD TRUSTEE - AD HOC NON VOTING 3.0
Director
$0 $0 $0
DAVID MARGOLIS TRUSTEE 3.0
Director
$0 $0 $0
DAVID SCHONBRAUN TRUSTEE 3.0
Director
$0 $0 $0
MARY ROSE MIGLIAZZA TRUSTEE 3.0
Director
$0 $0 $0
SAUL SIMON TRUSTEE 3.0
Director
$0 $0 $0
DEBORAH MELLEN TRUSTEE 3.0
Director
$0 $0 $0
ELLEN SALSBURG TRUSTEE 3.0
Director
$0 $0 $0
JOSH AVIDAN TRUSTEE -Ad Hoc Non Voting 3.0
Director
$0 $0 $0
TERRI GOLDBERG TRUSTEE 3.0
Director
$0 $0 $0
ALYCE HALCHAK TRUSTEE 3.0
Director
$0 $0 $0
MICHAEL HERZ TRUSTEE 3.0
Director
$0 $0 $0
LISA PETERSON TRUSTEE 3.0
Director
$0 $0 $0
William Gilman Trustee 3.0
Director
$0 $0 $0
Neil Greenstein Trustee 3.0
Director
$0 $0 $0
Dara SBLENDORIO Trustee 3.0
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
2024 No data No data No data No data
2023 $33,534,975 $34,093,857 $283,320,723 $-558,882
2022 $15,971,386 $31,512,001 $261,472,215 $-15,540,615
2021 $38,357,245 $29,826,730 $315,632,583 $8,530,515
2020 $15,687,139 $26,822,626 $291,990,616 $-11,135,487
2019 $28,758,162 $27,620,274 $268,751,937 $1,137,888
2018 $25,365,862 $26,187,592 $239,427,405 $-821,730
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