Overview
What is Maimonides Research & Development Foundation?
The Maimonides Research & Development Foundation, situated in Brooklyn, New York, is a nonprofit organization dedicated to supporting medical research and development projects. Established with the purpose of advancing educational, scientific, medical, and charitable causes aligned with Maimonides Medical Center, the foundation awards grants primarily to physicians associated with the center. Their activities encompass funding for research projects, and they also have expenses related to administrative fees, which amount to $202,538. The foundation generates revenue through the rental income from providing facilities to Maimonides Medical Center.
Official website here: www.maimonidesmed.org
Is Maimonides Research & Development Foundation legitimate?
Maimonides Research & Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maimonides Research & Development Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.maimonidesmed.org
What is the mission statement of Maimonides Research & Development Foundation?
The Maimonides Research & Development Foundation was established with the primary objective of furthering educational, scientific, medical, and charitable pursuits. This is in line with the missions carried out by Maimonides Medical Center. The foundation achieves this by providing grants for research and development activities, primarily to physicians associated with Maimonides Medical Center. The expenditures for these grants primarily represent funds awarded by the foundation's board of directors for medical research and development projects. Additionally, the foundation generates revenue through rental income produced by providing facilities to Maimonides Medical Center.
Official website here: www.maimonidesmed.org
Who is the CEO of Maimonides Research & Development Foundation?
Patrick Borgen Md is the President/Medical Dir of Maimonides Research & Development Foundation.
Official website here: www.maimonidesmed.org
What is the revenue of Maimonides Research & Development Foundation?
Maimonides Research & Development Foundation's revenue in 2022 was $1,561,943.
Official website here: www.maimonidesmed.org
Who are the executives of Maimonides Research & Development Foundation and what are their salaries?
Here are 22 key members and their salaries:
- Compensation: $0
- Related: $1,989,629
- Other: $58,080
- Compensation: $0
- Related: $1,760,796
- Other: $49,237
- Compensation: $0
- Related: $1,141,922
- Other: $59,205
- Compensation: $0
- Related: $943,736
- Other: $39,117
- Compensation: $0
- Related: $929,129
- Other: $49,238
- Compensation: $0
- Related: $825,315
- Other: $35,067
- Compensation: $0
- Related: $781,062
- Other: $47,988
- Compensation: $0
- Related: $625,038
- Other: $60,830
- Compensation: $0
- Related: $595,514
- Other: $46,848
- Compensation: $0
- Related: $494,989
- Other: $32,417
- Compensation: $0
- Related: $415,308
- Other: $58,080
- Compensation: $0
- Related: $308,986
- Other: $60,780
- Compensation: $0
- Related: $267,946
- Other: $57,062
- Compensation: $0
- Related: $236,591
- Other: $60,300
- Compensation: $0
- Related: $254,772
- Other: $0
- Compensation: $0
- Related: $192,622
- Other: $3,119
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.maimonidesmed.org
Where can I find the form 990 for Maimonides Research & Development Foundation?
Maimonides Research & Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.maimonidesmed.org
Learn more at the official website: www.maimonidesmed.org
Mission Statement of Maimonides Research & Development Foundation
The Maimonides Research & Development Foundation was established with a specific purpose in mind. Dedicated to educational, scientific, medical, and charitable pursuits, this organization primarily supports research and development activities for physicians associated with Maimonides Medical Center. Established exclusively for this mission, the foundation's activities are a significant contribution to the broader goals carried out by Maimonides Medical Center.
The foundation's primary mode of operation involves awarding grants for medical research and development projects. These grants are meticulously reviewed and approved by the foundation's board of directors, with a significant portion of the expenditures going towards research-related administrative fees. The foundation's revenue is generated through rental income produced by providing facilities to Maimonides Medical Center. This financial model allows the foundation to support innovative research and development initiatives, contributing to advancements in medical science and patient care.
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Impact
October, 2024
Maimonides Research & Development Foundation plays a pivotal role in advancing medical research and development, primarily benefiting physicians associated with Maimonides Medical Center. By awarding grants for innovative research projects, the Foundation fosters an environment of discovery and improvement in patient care. With a focus on scientific and educational endeavors, it enhances the capabilities of healthcare professionals, leading to breakthroughs in medical treatments and practices.
The grants provided by the Foundation enable critical research activities that might otherwise lack funding, empowering physicians to explore new medical frontiers and improve healthcare outcomes in the community. Additionally, the revenue generated from rental income supports its initiatives, ensuring a sustainable model for continuous investment in medical advancement.
Through its dedicated efforts, the Maimonides Research & Development Foundation not only contributes significantly to medical knowledge but also enhances the overall quality of care available in Brooklyn and beyond. Its impact resonates in the form of innovative treatment options and improved health standards, ultimately benefiting patients and the broader community.
This information is meant to be a general summary of Maimonides Research & Development Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,276,943
- Program Service Revenue: $275,000
- Gross Receipts: $11,754,828
Assets and Liabilities:
- Total Assets: $17,799,008
- Total Liabilities: $603,758
- Net Assets: $17,195,250
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$275,000
Organization Details
Founding Year
1982
Phone
(718) 283-6456Principal Officer
Patrick Borgen Md
Main Address
4802 TENTH AVENUE, BROOKLYN, NY, 11219
Website
www.maimonidesmed.orgNTEE Category
Code: H99J - Medical research
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