NARSAD: dba Brain and Behavior Research Foundation meets the 20 Standards for Charity Accountability.
-
Year, State Incorporated
1981, KY
-
-
Affiliates
NARSAD Research Institute, Inc.
-
Stated Purpose
"to alleviate the suffering caused by mental illness by awarding grants that will lead to advances and breakthroughs in scientific research."
Brain and Behavior Research Foundation (BBRF) reports that it funds innovative ideas in neuroscience and psychiatry to better understand the causes and develop new ways to treat brain and behavior disorders. The NARSAD Grants program provides grants to fund scientific research into the causes, treatments, cures and prevention of chronic and severe mental illnesses such as depression, schizophrenia, anxiety, autism, bipolar, ADHD, PTSD and OCD. BBRF states that it aims to help build careers of young scientists, augment the career opportunities of established scientists and enable scientists to pursue new ideas.
For the year ended December 31, 2020, NARSAD: dba Brain and Behavior Research Foundation's program expenses were:
Research grants and awards |
$18,628,508 |
Scientific advancement |
$2,192,755 |
Program support |
$2,101,324 |
Total Program Expenses: |
$22,922,587 |
-
Chief Executive
Jeffrey Borenstein, MD, President and Chief Executive Officer
-
Compensation*
$536,154
-
Chair of the Board
Geoffrey Simon
-
Chair's Profession / Business Affiliation
Senior Vice President, Investments, Simon & Associates Wealth Management of Raymond James
-
Board Size
19
-
Paid Staff Size
13
*2019 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Planned giving arrangements, Print advertisements (newspapers, magazines, etc.), Cause- related marketing (affinity credit cards, consumer product sales, etc.)
Fundraising costs were 4% of related contributions. (Related contributions, which totaled $21,546,224, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on NARSAD: dba Brain and Behavior Research Foundation's audited financial statements - consolidated for the year ended December 31, 2020.
Source of Funds |
Contributions |
$13,994,067 |
Bequests |
$5,369,469 |
Realized and unrealized gains on investments, net |
$3,381,571 |
Contribution of services |
$2,182,688 |
Dividend and interest income |
$242,860 |
Total Income |
$25,170,655 |
- Programs: 91%
- Administrative: 6%
- Fundraising: 3%
Total Income |
$25,170,655 |
Program expenses |
$22,922,587 |
Fundraising expenses |
$793,114 |
Administrative expenses |
$1,501,199 |
Other expenses |
$0 |
Total expenses: |
$25,216,900 |
Income in Excess of Expenses |
$-46,245 |
Beginning Net Assets |
$17,470,471 |
Other Changes In Net Assets |
$262,564 |
Ending Net Assets |
$17,686,790 |
Total Liabilities |
$26,888,582 |
Total Assets |
$44,575,372 |
Note 1: As noted in the above financial section, "other changes in net assets" refers to a net appreciation of assets held in charitable remainder trusts.
Note 2: According to the organization's audited financial statements - consolidated - for the year ended December 31, 2020, BBRF received in-kind gifts totaling $2,182,688 in the form of scientific council services ($1,492,914) and online advertising ($689,774).