Narsad Research Institute Inc

Nonprofit profile at a glance

EIN
113401438
IRS 990-EZ coverage
2022–2024
Forms available
Form 990 2020, Form 990-EZ 2024
Location
New York, NY, USA
Phone
6466814888
Rating
91
Verdict
STRONG
Rating confidence
Moderate
Sector
Public Foundations

Official website

Reported finances

Revenue
$114,006
Expenses
$110,024
Assets
$42,698
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • JEFFREY BORENSTEIN MD (PRESIDENT)

People named in this filing

  • JEFFREY BORENSTEIN MD (PRESIDENT)
  • GEOFFREY SIMON (TREASURER)
  • MIRIAM KATOWITZ (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The institute was founded to generate contributions from individuals and groups to support national alliance for research on schizophrenia and depression d/b/a brain & behavior research foundation, an affiliated entity. The institute distributes grants and scholarships to individuals and groups who are making and doing research to cure and prevent mental illness.

What it reported doing in 2024

Grant to national alliance for research on schizophrenia and depression d/b/a brain & behavior research foundation to fund research into the causes, cures, prevention and treatment of mental illnesses; primarily schizophrenia and depression.

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 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 100
  • Sustainability: 46
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.5%; rating input score 96
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 3.5%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 0.39; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -16.7% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: -38.6% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -34.8% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 96.5% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $110K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 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.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 44/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • High — Growth: Asset growth scored 0/100.