Overview
What is Hope For Depression Research Foundation C/O Gruss & Co Llc?
Hope For Depression Research Foundation C/O Gruss & Co Llc is a nonprofit organization situated in New York City, specifically at 40 West 57th Street, Suite 1440. The primary purpose of this foundation is to fund innovative neuroscience research into the origins, diagnosis, treatment, and prevention of depression and related mood disorders, such as bipolar disorder, postpartum depression, post-traumatic stress disorder, anxiety disorder, and suicide. Their mission is twofold: first, to finance cutting-edge research in the field, and second, to raise public awareness about depression as a medical illness by educating the public and eliminating the stigma surrounding it. The foundation is led by a team of 9 dedicated individuals.
Official website here: www.hopefordepression.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star Rating
Hope For Depression Research Foundation has achieved a high rating of 90%, reflecting strong performance in accountability and finance. The organization's score is based entirely on its accountability and finance metrics, which indicate a commitment to transparency and responsible management of funds.
Strengths include a majority of independent board members and robust financial oversight, with no material diversion of assets reported. The organization also demonstrates excellent fundraising efficiency, with only $0.07 spent to raise each dollar, and maintains a solid program expense ratio of 80.63%, showing that the majority of its expenditures directly support its mission.
However, there are some identified limitations, including the absence of a whistleblower policy and document retention and destruction policies, which may raise concerns about governance practices. Despite these issues, the overall financial health and operational standards of the foundation remain commendable.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Hope For Depression Research Foundation C/O Gruss & Co Llc?
90% of 33 reviewers on Facebook recommend the Hope For Depression Research Foundation. Here is a summary of their reviews:
Many individuals express a deep personal connection to the cause, emphasizing its importance in addressing mental health, particularly depression. The call for awareness around the symptoms of depression resonates strongly with reviewers, highlighting the organization's mission to educate and uplift those in need.
Overall, people appreciate the foundation's efforts and are encouraged to contribute, whether through donations or simply spreading knowledge about mental health. The positive sentiment reflects a communal drive to support the initiative’s goals and assist in making a difference in the lives of those affected by depression.
This AI summary has been generated from reviews found on Facebook.
Is Hope For Depression Research Foundation C/O Gruss & Co Llc legitimate?
Hope For Depression Research Foundation C/O Gruss & Co Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope For Depression Research Foundation C/O Gruss & Co Llc 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: $281,531
Professional Fundraising Fees: $0
Other Salaries and Wages: $405,169
For more financial information, click here
Official website here: www.hopefordepression.org
What is the mission statement of Hope For Depression Research Foundation C/O Gruss & Co Llc?
The Hope For Depression Research Foundation, funded by Gruss & Co Llc, is dedicated to two primary objectives. Initially, they fund innovative neuroscience research to delve into the origins, diagnosis, treatment, and prevention of depression and related mood disorders such as bipolar disorder, postpartum depression, post-traumatic stress disorder, anxiety disorder, and suicide. Secondly, they aim to raise public awareness about depression, viewing it as a medical illness. Their educational initiatives are designed to dismantle the stigma surrounding depression, providing facts and information to the public.
Official website here: www.hopefordepression.org
What is the revenue of Hope For Depression Research Foundation C/O Gruss & Co Llc?
Hope For Depression Research Foundation C/O Gruss & Co Llc's revenue in 2023 was $3,383,561.
Official website here: www.hopefordepression.org
Who are the executives of Hope For Depression Research Foundation C/O Gruss & Co Llc and what are their salaries?
The average compensation at Hope For Depression Research Foundation C/O Gruss & Co Llc during 2023 was $76,300. There are 9 employees and 58 volunteers at Hope For Depression Research Foundation C/O Gruss & Co Llc.
Here are 11 key members and their salaries:
- Compensation: $281,530
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Official website here: www.hopefordepression.org
Where can I find the form 990 for Hope For Depression Research Foundation C/O Gruss & Co Llc?
Hope For Depression Research Foundation C/O Gruss & Co Llc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hopefordepression.org
Learn more at the official website: www.hopefordepression.org
Mission Statement of Hope For Depression Research Foundation C/O Gruss & Co Llc
Hope For Depression Research Foundation, a notable organization, is dedicated to two primary objectives. Initially, the foundation funds cutting-edge neuroscience research aimed at uncovering the underlying causes of depression, as well as developing novel and improved treatments for related mood disorders such as bipolar disorder, postpartum depression, post-traumatic stress disorder, anxiety disorder, and suicide.
In addition to its research efforts, the foundation also prioritizes public awareness about depression. It aims to educate the public, eliminating the stigma surrounding this medical illness. The organization achieves this by disseminating factual information and promoting understanding, ultimately contributing to a more compassionate and supportive society towards individuals suffering from depression.
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Impact
October, 2024
Hope For Depression Research Foundation C/O Gruss & Co LLC plays a significant role in advancing our understanding of depression and its related mood disorders, such as bipolar disorder, postpartum depression, post-traumatic stress disorder, and anxiety disorders. By funding innovative neuroscience research, the organization aims to uncover the root causes of these conditions, improve diagnostic methods, and develop more effective treatments and prevention strategies.
In addition to its research initiatives, the foundation actively works to raise public awareness about depression as a medical illness. Through education and outreach programs, it seeks to inform the public about the realities of depression, thereby helping to eliminate the stigma often associated with mental health issues. This dual focus not only contributes to scientific advancements but also fosters a more informed and compassionate society.
Overall, the foundation’s impact extends beyond research funding; it seeks to reshape perceptions around mental health and promote a better understanding of the complexities of depression, ultimately improving the lives of those affected by these disorders.
This information is meant to be a general summary of Hope For Depression Research Foundation C/O Gruss & Co Llc. 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 2023.
- Investment Income: $1,700,410
- Gross Receipts: $3,383,561
Assets and Liabilities:
- Total Assets: $50,922,850
- Total Liabilities: $5,292,413
- Net Assets: $45,630,437
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Organization Details
Founding Year
2006
Principal Officer
Audrey B Gruss Chairman
Website
www.hopefordepression.orgNTEE Category
Code: H129 - Medical research
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