| Entity | Document Type | Tax ID |
|---|---|---|
| Brain & Behavior Research Foundation & NARSAD Research Institute | Audited Consolidated Financial Statements | multiple |
| Brain & Behavior Research Foundation | IRS Form 990 | 31-1020010 |
|
Entity: Brain & Behavior Research Foundation & NARSAD Research Institute Document Type: Audited Consolidated Financial Statements Tax ID: multiple |
|
Entity: Brain & Behavior Research Foundation Document Type: IRS Form 990 Tax ID: 31-1020010 |
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Jeffrey Borenstein | President/CEO | $569,231 |
| 2 | Louis Innamorato | CFO | $402,949 |
| 3 | Faith Rothblatt | VP of Development | $264,346 |
|
1 Name: Jeffrey Borenstein Title: President/CEO Compensation: $569,231 |
|
2 Name: Louis Innamorato Title: CFO Compensation: $402,949 |
|
3 Name: Faith Rothblatt Title: VP of Development Compensation: $264,346 |
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 year ended December 31, 2021. 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, 2021 (Note 14, Contribution of Services), the Foundation received in-kind contributed services in 2021 on which it placed a total value of $2,315,959, including $1,492,914 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, 2021 (Note 2 re: Risks and Uncertainties – Investments): "The Foundation's investments consist of a variety of investment securities and investment funds. Investments in general are exposed to various risks, such as interest rate, credit, and overall market volatility risk. Due to the level of risk associated with certain investments, it is reasonably possible that changes in the value of the Foundation's investments will occur in the near term and that such changes could materially affect the amounts reported in the accompanying [audited] consolidated financial statements." |
According to the Brain & Behavior Research Foundation (BBRF) 2021 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, President & CEO: $140,000, with reported total compensation of $569,231; and (2) Louis Innamorato, CPA, CFO: $95,000, with reported total compensation of $402,949. |
