Alzheimers and Aging Research Center

Nonprofit profile at a glance

EIN
330950810
IRS 990 coverage
2011–2020
Forms available
Form 990 2020
Location
Port Saint Lucie, FL, USA
Phone
7723454692
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Alzheimer's Disease Research

Official website

Reported finances

Revenue
$53,534
Expenses
$94,638
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

4 people listed

Highest reported compensation

  • PAMELA HOUGHTEN (SECRETARY/TRUSTEE): $12,691 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Alzheimers and aging research center is a nonprofit public benefit corporation and is not organized for the private gain of any person. The specific purpose of the corporation is to operate for the benefit of torrey pines institute for molecular studies, inc., by providing financial and scientific support for alzheimer's and aging research, by educating the public regarding alzheimer's and aging, and by securing research collaborations with scientists worldwide in the field of alzheimer's and aging.

What it reported doing in 2020

At the heart of scientific research is the incremental discovery of cause and effect. Each new finding perpetuates a deeper understanding to be applied to the next experiment. In medicine, this leads to the discovery of better treatments, improved diagnostic techniques, and even cures. Aging-related illnesses know no geographical boundaries, nor does each experimental design or strategy. In the field of public benefit, non profit medical research, each experiment, each analysis of data, and each publication or presentation of the research, regardless of the location of the laboratory, benefits everyone who experiences the effects of aging-related conditions. Because research results are published and disseminated throughout the scientific and medical community, new experiments are designed and carried out by more laboratories, building on prior results. Each time research results are reported and shared, all of those affected by the illnesses move one step closer to new treatments or cures. Grants were made in support of research in alzheimer's disease, arthritis, rheumatoid heart disease, influenza and liver disease. In addition, aarc prepared a variety of non-scientific articles on aging-related conditions. These information articles appear on our website, and others were used as materials for a newsletter describing the research center's activities.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 81% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 60
  • Accountability: 80
  • Sustainability: 14
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.4%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: 0 of 8 controls in place; rating input score 0
    • Claims monitoring procedures: Fail
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Scored; rating input score 0

Accountability

  • Independent voting board: 75%; rating input score 75; 22nd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -76.8%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 13.4%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: -3.3% per year; rating input score 0; 55th percentile among comparable filings
  • Revenue growth: -13.8% per year; rating input score 0; 29th percentile among comparable filings
  • Asset growth: -13.5% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.4% of spending went to programs
  • Governance: 3 of 4 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $93K in reported program spending
  • Leadership: top reported pay $13K · 4 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 21 of 21 current checks pass
  • Schedules: 9 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 9 filing years from 2011 to 2020
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Transparency & Controls: Foreign activity oversight: 8 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 25/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.