DIABETES RESEARCH INSTITUTE FOUNDATION INC

EIN: 591361955 501(c)(3) Medical Research

HOLLYWOOD, FL

Total Revenue
$7,129,662
Total Expenses
$11,554,214
Total Assets
$28,164,828
Net Assets
$27,364,854
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
FL
Principal Officer
MICHAEL BURTON
Phone
9549644040
Tax Period
2022-07-01 to 2023-06-30

DIABETES RESEARCH INSTITUTE FOUNDATION INC, founded in 1974, is a community nonprofit in the Medical Research sector that reported $7.1M in total revenue in fiscal year 2022. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $11.6M exceeded revenue, resulting in a 62% operating deficit.

Mission

TO PROVIDE THE DIABETES RESEARCH INSTITUTE WITH THE FUNDING TO CURE DIABETES NOW.

Program Service Accomplishments

Program 1
Expenses: $6,249,645 Revenue: $0

THE DIABETES RESEARCH INSTITUTE FOUNDATION FUNDS BASIC, PRE-CLINICAL AND PATIENT-BASED RESEARCH STUDIES, INCLUDING FIVE PHASE I/II CLINICAL STUDIES, SEVERAL OF WHICH ARE SIMULTANEOUSLY UNDERWAY AT...

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THE DIABETES RESEARCH INSTITUTE FOUNDATION FUNDS BASIC, PRE-CLINICAL AND PATIENT-BASED RESEARCH STUDIES, INCLUDING FIVE PHASE I/II CLINICAL STUDIES, SEVERAL OF WHICH ARE SIMULTANEOUSLY UNDERWAY AT THE DIABETES RESEARCH INSTITUTE (DRI), WITH THE OTHERS PENDING COMMENCEMENT. THE ONGOING 'ISLETS IN THE OMENTUM' BIOHUB TRIAL WAS THE FIRST STEP IN TESTING THE SAFETY AND EFFICACY OF INSULIN-PRODUCING CELLS TRANSPLANTED WITHIN A TISSUE-ENGINEERED PLATFORM IN A DIFFERENT SITE THAN THE LIVER, THE TRADITIONAL TRANSPLANT SITE. FOUNDATION FUNDING HAS ALLOWED THE DRI'S CLINICAL CELL TRANSPLANT TEAM TO CONTACT AND SCREEN MORE THAN 1,200 CANDIDATES FOR THIS INNOVATIVE PILOT TRIAL, SEVERAL OF WHOM WERE SELECTED AND PLACED ON THE WAITING LIST TO UNDERGO THE PROCEDURE PENDING THE AVAILABILITY OF A MATCHING DONOR ORGAN. OTHER ALTERNATIVE TRANSPLANT SITES CONTINUE TO BE EXPLORED. DRIF FUNDING ALSO SUPPORTS THE CONTINUED FOLLOW-UP AND CARE OF THE DRI'S ISLET TRANSPLANT PATIENTS WHO HAVE PARTICIPATED IN PREVIOUS CLINICAL TRIALS. MANY OF THESE HAVE REMAINED INSULIN INDEPENDENT FOR A VARYING NUMBER OF YEARS. THIS PAST YEAR, DRI PRESENTED DATA SHOWING THAT THEIR ISLET TRANSPLANT PATIENTS WHO WERE STILL FREE FROM INSULIN FOR AN AVERAGE OF 10 YEARS HAD NEAR-NORMAL BLOOD SUGAR LEVELS, SIMILAR TO THOSE WITHOUT DIABETES. DRIF HAS ALSO FUNDED DRI RESEARCH PROJECTS THAT FOCUS ON ESTABLISHING IMMUNE TOLERANCE AND REVERSING AUTOIMMUNITY, THE BODY'S DESTRUCTION OF THE INSULIN-PRODUCING CELLS WHICH CAUSED THE ONSET OF THE DISEASE. SEVERAL OF THE CLINICAL TRIALS ADDRESS THESE CHALLENGES WHILE OTHER RESEARCH EARLIER IN THE PIPELINE REMAINS UNDERWAY. ANOTHER MAJOR RESEARCH AREA THAT DRIF SUPPORTS IS THE DEVELOPMENT OF AN UNLIMITED SUPPLY OF INSULIN-PRODUCING CELLS. DRIF-FUNDED STUDIES HAVE LED TO SIGNIFICANT PROGRESS IN STIMULATING THE REGENERATION OF PANCREATIC STEM CELLS INTO INSULIN-PRODUCING CELLS USING A SINGLE FDA-APPROVED MOLECULE. THIS SIGNIFICANT FINDING OPENS TO DOOR TO A NATURAL CELL SUPPLY BANK WITHIN THE PATIENT'S BODY, ADDRESSING SEVERAL ONGOING CHALLENGES FOR CURING THE DISEASE. THE DRIF HAS FUNDED INTERNATIONAL RESEARCHER TRAINING AND KEY COLLABORATIVE PROGRAMS THAT HELP ACCELERATE RESEARCH PROGRESS THROUGH THE SHARING OF IDEAS AND ADVANCEMENTS. ALSO, DRIF-FUNDED RESEARCH EQUIPMENT WAS USED IN A PHASE III MULTI-CENTER CLINICAL ISLET TRANSPLANTATION TRIAL. THE RESULTING DATA DEMONSTRATED THAT ISLET TRANSPLANTATION IS EFFECTIVE IN PREVENTING SEVERE HYPOGLYCEMIA - DANGEROUSLY LOW BLOOD SUGAR LEVELS - WHICH REPRESENTS A PARTICULARLY FEARED COMPLICATION IN TYPE 1 DIABETES THAT CAN LEAD TO SEIZURES, LOSS OF CONSCIOUSNESS AND EVEN DEATH. IMPORTANTLY, THE RESULTS OF THIS PHASE III TRIAL PAVE THE WAY FOR ISLET TRANSPLANTATION TO BECOME AN FDA-APPROVED TREATMENT FOR PATIENTS WITH DIABETES AND ONE THAT WOULD BE ELIGIBLE FOR INSURANCE REIMBURSEMENT. KEY FUNDED RESEARCH AREAS INCLUDE CELL-BASED THERAPIES FOR ISLET REPLACEMENT, IMMUNE TOLERANCE, IMMUNE REGULATION, REGENERATIVE MEDICINE, AND STEM CELL RESEARCH, AMONG OTHERS, TO RESTORE BIOLOGICAL INSULIN PRODUCTION. TOGETHER WITH OTHER DIABETES ADVOCACY ORGANIZATIONS, THE DRIF HAS APPEARED BEFORE CONGRESS TO REQUEST INCREASED FUNDING FOR DIABETES RESEARCH, AND HAS MADE RECOMMENDATIONS ON THE FUTURE DIRECTION OF RESEARCH APPROPRIATIONS. DRIF ALSO HOSTS AND PARTICIPATES IN A VARIETY OF INFORMATIONAL WORKSHOPS FOR PEOPLE WITH DIABETES AND THEIR FAMILIES FOCUSING ON THE LATEST ADVANCES TOWARD A CURE AND THE NEWEST DIABETES MANAGEMENT TECHNIQUES. THROUGH ITS WEBSITE DIABETESRESEARCH.ORG, THE DRIF PROVIDES 'NEWS YOU CAN USERESEARCH UPDATES FOR THOSE LIVING WITH DIABETES AND THEIR FAMILY MEMBERS IN THE FORM OF E-NEWSLETTERS, VIDEOS, EMAIL ANNOUNCEMENTS AND INFORMATION VIA SOCIAL MEDIA.

Program 2
Expenses: $657,443 Revenue: $0

COMMUNITY DIABETES EDUCATION. THE DIABETES RESEARCH INSTITUTE FOUNDATION PROVIDES INFORMATION TO THE PUBLIC VIA ITS WEBSITE LITERATURE, SPEAKERS AND HOSTING AN ANNUAL DIABETES RESEARCH CONFERENCE...

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COMMUNITY DIABETES EDUCATION. THE DIABETES RESEARCH INSTITUTE FOUNDATION PROVIDES INFORMATION TO THE PUBLIC VIA ITS WEBSITE LITERATURE, SPEAKERS AND HOSTING AN ANNUAL DIABETES RESEARCH CONFERENCE, PRINT INTERVIEWS AND TOLL FREE NUMBER 800-321-3437. THE PUBLIC GAINS KNOWLEDGE ABOUT DIABETES, DIABETES CARE AND RESEARCH TOWARDS FINDING A CURE FOR DIABETES.

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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 $3,261,763
Program Service Revenue $0
Investment Income $1,344,179
Other Revenue $2,523,720
TOTAL REVENUE $7,129,662

Expense Breakdown

Grants Paid $5,209,284
Salaries & Benefits $3,670,262
Fundraising Expenses $2,575,525
Program Expenses $6,907,088
Other Expenses $2,674,668
TOTAL EXPENSES $11,554,214

Year-over-Year Comparison

2022 2021 Change
Revenue $7,129,662 $11,474,074 -0.4%
Expenses $11,554,214 $11,938,552 0.0%
Net Income $-4,424,552 $-464,478 +8.5%
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
23
Independent Members
23
Employees
33
Volunteers
200

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
9
$403,112
Total Directors
22
$0
Key Employees
1
$235,322
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SEAN KRAMER CHIEF EXECUTIVE OFFICER 50.0
Officer
$237,501 $14,141 $251,642
AMY POWERS CHIEF DEVELOPMENT OFFICER 50.0
Key Emp
$208,322 $27,000 $235,322
JILL SHAPIRO-MILLER EXECUTIVE VICE PRESIDENT 50.0
Highest
$197,952 $27,000 $224,952
THOMAS KARLYA EXECUTIVE VICE PRESIDENT 50.0
Highest
$197,952 $12,420 $210,372
SAMANTHA DAVIS CHIEF FINANCIAL OFFICER 60.0
Officer
$142,759 $8,711 $151,470
JESSICA SINNES ASSISTANT VP, PHILANTHROPY 50.0
Highest
$122,890 $17,205 $140,095
STEPHANIE LANZA DIRECTOR STRATEGIC PARTNERSHIP 50.0
Highest
$122,228 $12,505 $134,733
MACKENZIE CRANE DIRECTOR OF MAJOR GIFTS 50.0
Highest
$116,822 $7,050 $123,872
WILLIAM FISHLINGER BOARD CHAIRMAN 5.0
Officer Director
$0 $0 $0
JOHN DOSCAS VICE CHAIRMAN 5.0
Officer Director
$0 $0 $0
HAROLD DORAN JR IMMEDIATE PAST BOARD CHAIRMAN 5.0
Officer Director
$0 $0 $0
BRUCE SIEGEL TREASURER 5.0
Officer Director
$0 $0 $0
MATTHEW STUBBS SECRETARY 5.0
Officer Director
$0 $0 $0
MARC S GOODMAN AT LARGE 5.0
Officer Director
$0 $0 $0
CHARLES RIZZO AT LARGE 5.0
Officer Director
$0 $0 $0
MARLENE BERG DIRECTOR 1.0
Director
$0 $0 $0
RONALD DARLING DIRECTOR 1.0
Director
$0 $0 $0
MARC GOLDFARB DIRECTOR 1.0
Director
$0 $0 $0
ESTHER GOODMAN DIRECTOR 1.0
Director
$0 $0 $0
BONNIE INSERRA DIRECTOR 1.0
Director
$0 $0 $0
LINDSEY INSERRA-HUGHES DIRECTOR 1.0
Director
$0 $0 $0
ELEANOR KOSOW DIRECTOR 1.0
Director
$0 $0 $0
SCARLETT LEUNG DIRECTOR 1.0
Director
$0 $0 $0
RAMON POO DIRECTOR 1.0
Director
$0 $0 $0
STEPHEN RIZZO DIRECTOR 1.0
Director
$0 $0 $0
RICARDO SALMON DIRECTOR 1.0
Director
$0 $0 $0
SAM TALBOT DIRECTOR 1.0
Director
$0 $0 $0
RICHARD TONKINSON DIRECTOR 1.0
Director
$0 $0 $0
JILL VINER DIRECTOR 1.0
Director
$0 $0 $0
BRUCE WALLER DIRECTOR 1.0
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 No data No data No data No data
2023 $7,129,662 $11,554,214 $28,164,828 $-4,424,552
2022 $11,474,074 $11,938,552 $32,244,637 $-464,478
2021 $13,874,959 $13,701,622 $35,361,806 $173,337
2021 $13,874,959 $13,701,622 $35,361,806 $173,337
2020 $15,255,144 $10,790,013 $31,751,444 $4,465,131
2020 $15,295,500 $11,232,823 $31,355,073 $4,062,677
2020 $15,295,500 $11,232,823 $31,355,073 $4,062,677
2019 $8,922,536 $10,686,564 $29,054,731 $-1,764,028
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