CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.
Any time an Analysts' Note refers to a charity's Audited Financial Statements or IRS tax form, CharityWatch encourages interested donors to obtain a copy of the referenced documents so that they may view the information in context. Please contact the charity directly to request a copy of any referenced document. Charity tax forms and audits may also be obtained from a number of online databases. For a list of sources, please visit our LINKS page.
|CharityWatch's rating of the Brain & Behavior Research Foundation is based on its audited combined financial statements for the fiscal year-ended December 31, 2016, which also include the financial activities of the NARSAD Research Institute (tax ID #11-3401438).|
Brain & Behavior Research Foundation is the doing business as (d/b/a) name of the National Alliance for Research on Schizophrenia and Depression (NARSAD) (tax ID #31-1020010).
|According to the Brain & Behavior Research Foundation and NARSAD Research Institute (the "Foundation") combined audit of December 31, 2016 (Note 17, Contribution of Services), the Foundation received in-kind contributed services in 2016 on which it placed a total value of $1,886,697, including $1,411,334 in services contributed by the Foundation's Scientific Council.|
[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found by clicking on "About CharityWatch" from the navigation bar and then clicking on "Criteria & Methodology".]
|According to the Brain & Behavior Research Foundation (BBRF) 2016 tax filing, BBRF reports for Compensation Information:|
"Merit bonuses are paid to certain staff members based on annual performance..." (IRS Form 990, Schedule J, Part III).
BBRF reports paying "Bonus & incentive compensation" in the amount of $65,000 and $40,000 to its President & CEO, Jeffrey Borenstein, and CFO, Louis Innamorato, respectively, in 2016. The total compensation, including bonus, reported for Jeffrey Borenstein and Louis Innamorato in 2016 is $486,538 and $317,840, respectively (IRS Form 990, Schedule J, Part II).