Public Charity

Foundation for Research

Foundation for Research is a nonprofit organization categorized as Public Charity based in Carson City, NV. Its most recent IRS filing (2024) reports revenue of $6.6M, expenses of $7.0M, total assets of $160.4M. Imperigo tracks 2 reported grant relationships connected to this organization totaling approximately $3.4M.

EIN: 880234196 Carson City, NV Fund Raising & Fund Distribution NTEE: H12 Latest filing: 2024
Total Revenue$6.6M
Total Expenses$7.0M
Total Assets$160.4M
Grant Records2
Funding Total$3.4M
Filing Years2020–2024

Mission

As a supporting organization to the Clayton Foundation for Research ("Clayton"), the organization's primary mission is to fund medical research for the purpose of discovering the cause, prevention and cure of diseases for the benefit of mankind. The secondary mission is to transfer the resulting medical research discoveries from the laboratory to the use of the general public by patenting and licensing such technology for development into drugs or other products for the use and benefit of mankind through Clayton's other supporting entities.

Where $100 goes at Foundation for Research

How Foundation for Research divides every $100 it spends, from its own Form 990 filings, averaged across 4 years.

$81 Programs the work itself
$19 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $81 for programs

$41
Foundation for Research is a supporting organization to Clayton Foundation for Research (Clayton)
50% of program spending
$40
Research Development Foundation ("RDF") is another supporting organization to the Clayton Foundation for Research("Clayton")
About 50% (cost not reported)
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Trustee, Chairman Brian W Crozier
Vice President, Secretary Christopher Mackenzie
Trustee, Vice President, Treasurer Jarred W Sloan
Trustee,VP,Assistant Secretary Joan S Dunlap
Vice President John Russell Beekman
Trustee Lynn P Carter

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$3,350,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $6.6M $7.0M $160.4M
2023 $8.1M $4.0M $153.2M
2022 $6.2M $2.9M $139.5M
2020 $2.2M $2.0M $147.3M

Between 2020 and 2024, reported annual revenue grew from $2.2M to $6.6M (+192%), with total assets most recently reported at $160.4M.

Interactive year-over-year charts and full filing details available with membership.

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