Jay N Schapira Md Medical Research Foundation Inc

Nonprofit profile at a glance

EIN
954043560
IRS 990 coverage
2014–2023
Forms available
Form 990 2023
Location
Los Angeles, CA, USA
Phone
3106592030
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$376,798
Expenses
$517,570
Assets
$312,014
Liabilities
$40,366

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • JAY N SCHAPRIA MD (PRESIDENT/DIRECTOR)

Highest reported compensation

  • JAY N SCHAPRIA MD (PRESIDENT/DIRECTOR): $822,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Research in cardiac disease in order to understand the cause and develop treatment strategies for patients with systemic lupis erythematosus to develop novel non-pharmacologic treatment approaches to relieve angina pectoris.research into coronary artery imaging in patients undergoing percutaneous coronary intervention (pci). Specifically evaluating the utility of oct (optional coherence tomography) to assist in optimizing the results of pci.

What it reported doing in 2023

Phase i - investigating the cellular origin of resident cardiac stem cells (cardiospheres) and clinically isolating them and preparing to determine their biology so that they might be infused into heart attack victims.phase ii - investigating into the significance of circulating endothelial progenitor cells in patients undergoing primary coronary interventions with drug-eluting stents and collecting data on endothelial progenitor cells at the time of these procedures.phase iii - continuing the randomized evaluation of intracoronary transplantation of bone marrow stem cells in acute myocardial infarction characterized by st segment elevation and transmural infarcts. Investigation of microvascular ischemia in systemic lupus erythematosus and ascertain improved, accurate diagnostic procedures.treatment of coronary artery disease, especially revascularization of the left main coronary artery (percutaneous coronary intervention in unprotected left main disease).evaulation and treatment of chest pain caused by microvascular ischemia for patients with systemic lupus erythematosus and publish results.educational publication for multifacet treatment of atrial fibrillation by medication and device.classification and characterization of complex coronary artery stenosis morphology by coronary computed tomographic angiography.due to the recognition of dr. Jay n schapira's (the president of the foundation) accomplishments and research, he was appointed a clinical professor of medicine at the cedars-sinai heart institute in may 2014.

Operating model

Revenue model
Donor-supported. 70% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 70
  • Accountability: 50
  • Sustainability: 16
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 88.5%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 50%; rating input score 50; 16th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -37.4%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 0.6; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 42.9%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 3.1% per year; rating input score 100; 47th percentile among comparable filings
  • Revenue growth: 6.4% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: -17.3% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 88.5% of spending went to programs
  • Governance: 3 of 6 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $458K in reported program spending
  • Leadership: top reported pay $822K · 5 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 18 of 18 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 9 filing years from 2014 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 3 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.

  • Review — Accountability: Independent voting board scored 50/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Sustainability: Operating margin scored 8/100.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.