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Brain & Behavior Research Foundation

CharityWatch rating issued
January 2026

Top-Rated Charity
A
CharityWatch Rating
Our independent rating based
on a number of factors.
 
83%
Program Percentage
Amount spent on programs
relative to overhead.
 
$5
Cost to Raise $100
Amount spent to raise
$100 of contributions.
Ratings & Metrics

Contact Information

Brain & Behavior Research Foundation
747 Third Avenue
33rd Floor
New York, NY 10017

Other Names

NARSAD
NARSAD Research Institute
National Alliance for Research on Schizophrenia & Depression

Tax Status

501(c)3

Website

www.bbrfoundation.org

Stated Mission

Committed to alleviating the suffering of mental illness by awarding grants that will lead to advances & breakthroughs in scientific research.

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Ratings & Metrics

Learn more about Ratings & Metrics
Data based on Fiscal Year Ended 12/31/2024

Program Percentage: 83%

The percentage of Brain & Behavior Research Foundation's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$16,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $5

How many dollars Brain & Behavior Research Foundation spends on fundraising to raise each $100 of contributions.

$19,000,000

Calculated Total Contributions

(rounded)

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Brain & Behavior Research Foundation IRS Form 990 31-1020010
Brain & Behavior Research Foundation Consolidated Audited Financial Statements Multiple
Entity: Brain & Behavior Research Foundation
Document Type: IRS Form 990
Tax ID: 31-1020010
Entity: Brain & Behavior Research Foundation
Document Type: Consolidated Audited Financial Statements
Tax ID: Multiple

Governance & Transparency

Learn more about Governance & Transparency
CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
Brain & Behavior Research Foundation
meets governance benchmarks.
 
Brain & Behavior Research Foundation
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy

Top Salaries

Learn more about Top Salaries
  Name Title Compensation
1 Jeffrey Borenstein President / CEO $648,461
2 Louis Innamorato CFO $465,224
3 Faith Rothblatt VP of Development $333,713
1
Name: Jeffrey Borenstein
Title: President / CEO
Compensation: $648,461
2
Name: Louis Innamorato
Title: CFO
Compensation: $465,224
3
Name: Faith Rothblatt
Title: VP of Development
Compensation: $333,713

Analysts' Notes

Learn more about Analysts' Notes
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.

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, 2024. 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, 2024 (Note 14, Contribution of Non-financial Services), the Foundation received in-kind contributed services in 2024 on which it placed a total value of $2,054,955, including $1,590,810 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.]

Related External Articles

Brain & Behavior Research Foundation receives $8 million bequest