on a number of factors.
Brain & Behavior Research Foundation
747 Third Avenue
New York, NY 10017
NARSAD Research Institute
National Alliance for Research on Schizophrenia & Depression
Ratings & Metrics
|Entity||Document Type||Tax ID|
|Brain & Behavior Research Foundation||IRS Form 990||31-1020010|
|Brain & Behavior Research Foundation & NARSAD Research Institute||Audited Consolidated Financial Statements||Multiple|
|NARSAD Research Institute||IRS Form 990||11-3401438|
Entity: Brain & Behavior Research Foundation
Document Type: IRS Form 990
Tax ID: 31-1020010
Entity: Brain & Behavior Research Foundation & NARSAD Research Institute
Document Type: Audited Consolidated Financial Statements
Tax ID: Multiple
Entity: NARSAD Research Institute
Document Type: IRS Form 990
Tax ID: 11-3401438
Governance & Transparency
|1||Jeffrey Borenstein, M.D.||President/CEO||$521,154|
|3||Daniel Elwell||Senior Philanthropy Advisor||$238,296|
Name: Jeffrey Borenstein, M.D.
Name: Louis Innamorato
Name: Daniel Elwell
Title: Senior Philanthropy Advisor
CharityWatch's rating of the Brain & Behavior Research Foundation also includes the financial activities of NARSAD Research Institute (tax ID #11-3401438), which are consolidated in the organization's audited financial statements for the fiscal year ended December 31, 2018. All intercompany accounts and transactions have been eliminated in the audit consolidation.
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 consolidated audit of December 31, 2018 (Note 15, Contribution of Services), the Foundation received in-kind contributed services in 2018 on which it placed a total value of $1,908,417, including $1,476,598 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 on the Our Process page.]
According to the Brain & Behavior Research Foundation consolidated audit of December 31, 2018 (Note 17, Subsequent Events):
"On March 2, 2019, through a Board resolution, the entire amount included within the Board-designated fund of $4,509,262 was released from Board-designated restrictions. Therefore, on March 2, 2019 the funds became available to meet general expenditures of the Foundation."
According to the Brain & Behavior Research Foundation (BBRF) 2018 tax filing, BBRF reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III):
Regarding nonfixed payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 7):
"Merit bonuses are paid to certain staff members based on annual performance..."
(1) Jeffrey Borenstein, M.D., President & CEO: $95,000, with reported total compensation of $521,154; and
(2) Louis Innamorato, CPA, CFO: $65,000, with reported total compensation of $350,569.