BBB Wise Giving Report for
National Alliance for Research on Schizophrenia and Depression

BBB Wise Giving Report issued April 2010
BBB Wise Giving Report expires April 2012


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


Find out more about this charity:

Back To Top

Charity Contact Information

Name: National Alliance for Research on Schizophrenia and Depression
Address: 60 Cutter Mill Road, Suite 404
  Great Neck, NY 11021
Phone: 516-829-0091
800-829-8289
Web Address: www.narsad.org
Also known as:NARSAD: The Mental Health Research Association
Back To Top

BBB Wise Giving Alliance Comments

Year, State Incorporated: 1981, Kentucky
Affiliates: NARSAD Research Institute, Inc.
Stated Purpose: "to alleviate human suffering from mental illness by funding scientific research into the causes, prevention, and new treatments of mental disorders all leading to cures for the major mental illnesses."

Back To Top

Evaluation Conclusions

               

National Alliance for Research on Schizophrenia and Depression (NARSAD) meets the 20 Standards for Charity Accountability.
Back To Top

Programs

               

NARSAD's grant program provides grants and scholarships to fund scientific research into the causes, treatments, cures and prevention of chronic and severe mental illnesses and schizophrenia. NARSAD's aim is to help build careers of young scientists, augment the career opportunities of established scientists and enable scientists to pursue new, cutting-edge ideas with the greatest potential for breakthroughs.

For the year ended December 31, 2009, NARSAD's program expenses were:

  
Research grants and awards 16,687,894
Program support 1,892,366
Scientific advancement 1,412,433
Total Program Expenses: $19,992,693
Back To Top

Governance

               

Chief Executive : Benita Shobe, President and CEO
Compensation*:
 $24,231

Chair of the Board: Stephen Lieber
Chair's Profession / Business Affiliation: Investment Manager

Board Size: 14

Paid Staff Size: 20

*2009 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances. The current President and CEO worked on a part-time basis when hired on November 2, 2009 through the end of 2009 and subsequently began working full time effective January 1, 2010. Mr. Joel Gurin served as Acting President during the majority of 2009 and was compensated $250,000 during this time.
Back To Top

Fund Raising

               

Method(s) Used:

Direct mail, special events, print advertisements, grant proposals, Internet appeals, and planned giving.
Fund raising costs were 4% of related contributions. (Related contributions, which totaled $20,379,868, are donations received as a result of fund raising activities.)
Back To Top

Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
Back To Top

Financial

               

The following information is based on NARSAD's audited financial statements - combined with the NARSAD Research Institute - for the year ended December 31, 2009.

Source of Funds  
Contributions 17,220,457
Bequests 2,213,083
Contribution of services 946,328
Net realized and unrealized gains on investments 766,051
Dividend and interest income 667,017
Net appreciation of assets held in charitable remainder trusts 139,275
Annuities due -129,992
Total Income $21,822,219


chart



Uses of Funds as a % of Total Expenses

Programs: 88%  Fund Raising: 4%  Administrative: 8% 

Total income   $21,822,219
  Program expenses $19,992,693
  Fund raising expenses 898,136
  Administrative expenses 1,698,175
 
Total expenses   $22,589,004
Expenses in Excess of Income   (766,785)
Beginning net assets   2,909,838
Ending net assets   2,143,053
Total liabilities   25,089,584
Total assets   $27,232,637

Note: According to NARSAD's 2009 audited financial statements, the organization received in-kind contributions in the amount of $946,328 which consisted of donated time from scientists who review research grants and projects on behald of NARSAD.

Back To Top

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

Send to:



What is an Accredited Charity