Civic Intelligence

Alzheimers Drug Discovery Foundation

EIN 20-1082179 • 501(c)3 • New York, NY

Profile

Accelerate the discovery and development of drugs to prevent, treat and cure alzheimer's disease, related dementias and cognitive aging

Refreshing map…

57 West 57th St 904New York, NY 10019

www.alzdiscovery.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

48th percentile

0.28x

Higher debt load relative to assets than 48% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

1.74x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

2nd percentile

-87%

Higher net margin than 2% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

42nd percentile

$697,919

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

8th percentile

-7.6%

Faster asset growth than 8% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

80th percentile

25%

Faster revenue growth than 80% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Down

$299,394,693

Down $24,778,835 (-7.6%) from 2023

Liabilities

Up

$82,417,926

Up $18,234,979 (+28%) from 2023

Net Assets

Down

$216,976,767

Down $43,013,814 (-17%) from 2023

Revenue

Up

$47,282,987

Up $9,540,967 (+25%) from 2023

Expenses

Up

$88,250,427

Up $26,306,839 (+42%) from 2023

Net Income

Down

-$40,967,440

Down $16,765,872 (-69%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400M$300M$200M$100M$0Assets 2011: $7,707,145Liabilities 2011: $4,588,610Net Assets 2011: $3,118,5352011Assets 2012: $12,592,295Liabilities 2012: $7,669,159Net Assets 2012: $4,923,1362012Assets 2013: $14,685,410Liabilities 2013: $8,179,016Net Assets 2013: $6,506,3942013Assets 2014: $19,304,546Liabilities 2014: $10,841,908Net Assets 2014: $8,462,6382014Assets 2015: $31,129,927Liabilities 2015: $13,608,228Net Assets 2015: $17,521,6992015Assets 2016: $45,379,428Liabilities 2016: $21,788,432Net Assets 2016: $23,590,9962016Assets 2017: $45,973,409Liabilities 2017: $25,666,082Net Assets 2017: $20,307,3272017Assets 2018: $90,038,223Liabilities 2018: $30,104,342Net Assets 2018: $59,933,8812018Assets 2019: $97,175,562Liabilities 2019: $46,958,594Net Assets 2019: $50,216,9682019Assets 2020: $97,381,722Liabilities 2020: $48,101,158Net Assets 2020: $49,280,5642020Assets 2021: $116,420,075Liabilities 2021: $52,378,402Net Assets 2021: $64,041,6732021Assets 2022: $340,253,841Liabilities 2022: $56,741,667Net Assets 2022: $283,512,1742022Assets 2023: $324,173,528Liabilities 2023: $64,182,947Net Assets 2023: $259,990,5812023Assets 2024: $299,394,693Liabilities 2024: $82,417,926Net Assets 2024: $216,976,7672024

Highlighted filing

2024

Assets$299,394,693
Liabilities$82,417,926
Net Assets$216,976,767

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300M$200M$100M$0-$100MRevenue 2011: $8,051,810Expenses 2011: $5,761,641Net Income 2011: $2,290,1692011Revenue 2012: $9,651,377Expenses 2012: $7,846,776Net Income 2012: $1,804,6012012Revenue 2013: $9,290,907Expenses 2013: $7,707,649Net Income 2013: $1,583,2582013Revenue 2014: $11,968,562Expenses 2014: $10,012,318Net Income 2014: $1,956,2442014Revenue 2015: $22,345,751Expenses 2015: $13,140,852Net Income 2015: $9,204,8992015Revenue 2016: $23,050,881Expenses 2016: $17,010,961Net Income 2016: $6,039,9202016Revenue 2017: $14,478,811Expenses 2017: $17,762,480Net Income 2017: -$3,283,6692017Revenue 2018: $55,817,240Expenses 2018: $16,190,686Net Income 2018: $39,626,5542018Revenue 2019: $22,712,391Expenses 2019: $32,429,304Net Income 2019: -$9,716,9132019Revenue 2020: $27,631,350Expenses 2020: $28,251,909Net Income 2020: -$620,5592020Revenue 2021: $53,037,104Expenses 2021: $37,126,176Net Income 2021: $15,910,9282021Revenue 2022: $254,027,105Expenses 2022: $36,842,901Net Income 2022: $217,184,2042022Revenue 2023: $37,742,020Expenses 2023: $61,943,588Net Income 2023: -$24,201,5682023Revenue 2024: $47,282,987Expenses 2024: $88,250,427Net Income 2024: -$40,967,4402024

Highlighted filing

2024

Revenue$47,282,987
Expenses$88,250,427
Net Income-$40,967,440

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$299$82.4$217$47.3$88.3$41.0
2023Summary only. Only limited summary data is available for this year.$324$64.2$260$37.7$61.9$24.2
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$340$56.7$284$254$36.8$217
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$116$52.4$64.0$53.0$37.1$15.9
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$97.4$48.1$49.3$27.6$28.3$0.62
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$97.2$47.0$50.2$22.7$32.4$9.72
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$90.0$30.1$59.9$55.8$16.2$39.6
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.0$25.7$20.3$14.5$17.8$3.28
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.4$21.8$23.6$23.1$17.0$6.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.1$13.6$17.5$22.3$13.1$9.20
2014Detailed filing. Detailed filing data is available for this year.$19.3$10.8$8.46$12.0$10.0$1.96
2013Detailed filing. Detailed filing data is available for this year.$14.7$8.18$6.51$9.29$7.71$1.58
2012Summary only. Only limited summary data is available for this year.$12.6$7.67$4.92$9.65$7.85$1.80
2011Summary only. Only limited summary data is available for this year.$7.71$4.59$3.12$8.05$5.76$2.29
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$562,241,036
Mission and Program Overview

Mission

Accelerate the discovery and development of drugs to prevent, treat and cure alzheimer's disease, related dementias and cognitive aging

Accelerate the discovery of drugs to prevent and treat alzheimer's disease and related dementias.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$29,947,933$213,144,667▲ $183,196,734
Investments in Publicly Traded Securities$51,304,846$77,192,847▲ $25,888,001
Savings and Temporary Cash Investments$24,683,523$45,203,944▲ $20,520,421
Cash and Non-Interest-Bearing Accounts$10,342,550$1,660,731▼ $8,681,819
Prepaid Expenses and Deferred Charges$72,474$270,603▲ $198,129
Land, Buildings, and Equipment, Net$0$160,061▲ $160,061
Total Assets$116,420,075$340,253,841▲ $223,833,766
Other Assets Total$68,749$2,620,988▲ $2,552,239
Liabilities
Grants Payable$51,494,985$50,849,708▼ $645,277
Other Liabilities$0$2,659,982▲ $2,659,982
Accounts Payable and Accrued Expenses$347,274$2,594,953▲ $2,247,679
Deferred Revenue$536,143$637,024▲ $100,881
Total Liabilities$52,378,402$56,741,667▲ $4,363,265
Net Assets / Fund Balance
Net Assets With Donor Restrictions$30,558,395$221,960,851▲ $191,402,456
Net Assets Without Donor Restrictions$33,483,278$61,551,323▲ $28,068,045
Total Net Assets Fund Balance$64,041,673$283,512,174▲ $219,470,501
Total Liabilities and Net Assets / Fund Balance$116,420,075$340,253,841▲ $223,833,766

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$157,104$348,968$506,072
Leasehold Improvements$2,957$175,583$178,540
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Howard Fillit MdFounding Exec Director and Chief Science OfficerFT$593,893$26,486$620,379
Howard Fillit MdFounding Exec Director and Chief Science-$584,005$36,374$620,379
Mark RoithmayrCEOFT$533,142$39,991$573,133
Laura NisenbaumExecutive Director, Drug DevelopmentFT$403,279$49,902$453,181
Karen HarrisCFO and Head of Mission RelateFT$307,098$24,717$331,815
Jane McintoshChief External Affairs and Philanthropy OfficerFT$309,720-$309,720
Jane McintoshChief External Affairs and Philanthr-$309,000$720$309,720
Sarah GiardinaAssociate Director, DxaFT$155,814$34,792$190,606
MARINA D'EMICDirector of FinanceFT$149,828$34,923$184,751
Jennifer S IselinDirector, Special Events (outgoing)FT$167,948$13,504$181,452

Board Members and Trustees

NameTitle
Leonard LauderCo-chairman /governor
Ronald LauderCo-chairman /governor
SANDRA DAY O'CONNORHonorary Chairman
Randal SandlerCo-vice Chairman & Secretary / Governor
Thomas McwilliamsCo-vice Chairman & Treasurer / Gov.
Alice ShureGovernor
Beatriz Illescas Putzeys-claugusGovernor
Bonnie Pfeifer EvansGovernor
David WeinrebGovernor
Gary M LauderGovernor
Lanny Edelsohn MdGovernor
Laurence Leeds JrGovernor
Miia Kivipelto Md PhdGovernor
Nancy CorzineGovernor
Nancy GoodesGovernor
Paula ZahnGovernor
Richard Mohs PhdGovernor
Robert BelferGovernor
Roberta Diaz Brinton PhdGovernor
Sharon SagerGovernor
Thomas Smith JrGovernor
Melvin GoodesHonorary Governor
Sally SusmanHonorary Governor

Highest Paid Contractors

ContractorServicesLocationCompensation
Morgan Lewis & Bockius LLPLegal Services1701 MARKET STREET, Philadelphia, PA 19103$656,670
Allan M Green Md Phd JdLegal Services1 MIFFLIN PL STE 400, Cambridge, MA 02138$132,600
Revenue and Support

Revenue Composition

Contributions and Grants
$249,842,003
Program Service Revenue
$6,425,669
Investment Income
$-2,054,312
Other Revenue
$-186,255
All Other Contributions
$244,256,775
Change in Net Assets
$217,184,204

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded17$14,190,352Fair Market Value (FMV)
Total Noncash Contributions17$14,190,352-

Audited Revenue Reconciliation

Revenue per Audited Statements
$254,027,105
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$5,417,146
Total Revenue per Audited Statements
$259,444,251
Total Revenue per Form 990
$254,027,105
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$29,455,921
Salaries, Compensation, and Employee Benefits$3,990,433
Other Expenses$3,396,547
Total Fundraising Expense$815,976
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$21,302,149--$21,302,149
Foreign Grants$8,153,772--$8,153,772
Current Officers, Directors, Trustees, and Key Employees$1,595,077-$277,925$1,873,002
Other Salaries and Wages$1,216,290-$205,535$1,421,825
Fees for Services Legal$861,428--$861,428
Occupancy$567,218--$567,218
Conferences and Meetings$527,708--$527,708
Other Employee Benefits$248,767-$29,697$278,464
Fees for Services Other$259,895--$259,895
Payroll Taxes$182,072-$36,835$218,907
Pension Plan Contributions$181,506-$16,729$198,235
Information Technology$197,861--$197,861
Office Expenses$197,293--$197,293
All Other Expenses$79,599--$79,599
Other Expenses$51,134-$249,255$51,134
Total Functional Expenses$36,026,925$0$815,976$36,842,901

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$39,973,750
Total Expenses per Form 990$36,842,901
Expenses per Audited Statements$35,932,719
Expenses Not Reported on Form 990$4,041,031
Expenses Not Reported on Financial Statements$910,182
Other Expense Adjustments$910,182
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cognito TherapeuticsCambridge, MA501(c)(3)Alzheimers Research$4,556,150
The Scripps Research InstituteLa Jolla, CA-Alzheimers Research$3,000,000
Acurastem IncorporatedMonrovia, CA501(c)(3)Alzheimers Research$2,927,453
Quanterix CorporationBillerica, MA-Alzheimers Research$2,300,000
Molecular Stethoscope IncSan Diego, CA-Alzheimers Research$1,820,426
Mms HoldingsCanton, MI-Alzheimers Research$1,586,342
Mti Biotech IncAmes, IA-Alzheimers Research$1,450,000
Massachusetts General HospitalBoston, MA-Alzheimers Research$963,533
Imaginostics IncMedford, MA501(c)(3)Alzheimers Research$725,274
University of MinnesotaBrookline, MA-Alzheimers Research$600,000
University of California Santa BarbaraSanta Barbara, CA-Alzheimers Research$300,000
University of Southern CaliforniaLos Angeles, CA-Alzheimers Research$250,483
Cicardic LLCArlington, MA501(c)(3)Alzheimers Research$221,400
Digital Medicine Society (dime)Boston, MA501(c)(3)Alzheimers Research$210,000
Linus Health IncBrookline, MA501(c)(3)Alzheimers Research$179,000
Milken InstituteAmes, IA-Alzheimers Research$100,000
Emory UniversityAtlanta, GA501(c)(3)Alzheimers Research$61,950
Lexeo Therapeutics IncNew York, NY501(c)(3)Alzheimers Research$20,529

International Summary

Offices
0
Employees
0
Spending
$8,153,772

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland)Grants to RecipientsALZHEIMER'S DISEASE RESEARCH00$7,586,119
North AmericaGrants to RecipientsALZHEIMER'S DISEASE RESEARCH00$567,653
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$477,310
Fundraising Gross Income$291,055
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall Science Luncheon$1,282,549$51,450-$51,450
Connoiseurs Dinner$1,775,875$48,675-$48,675
Total Events$5,876,283$291,055$477,310$-186,255
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$2,659,982
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The foundation has a two class board structure (class a and class b) pursuant to which each class a board member is entitled to one vote and each class b member is entitled to one-half vote.

Form 990, Part VI, Section A, Line 2

The following family and/or business relationships exist among governors and officers of the foundation: (i) leonard a.lauder and ronald s.lauder: family and business relationship; (ii) leonard a.lauder, and gary m. Lauder,: business and family relationship;(iii) leonard a.lauder, ronald s.lauder and dr. Howard fillit: business relationship;(iv) alice shure and bonnie pfeifer evans: family relationship.

Form 990, Part VI, Section B, Line 11B

A draft of the completed form 990 is reviewed by the foundation's founding executive director and by outside consultants, including legal counsel. The approved final form 990 is signed by either the foundation's founding executive director or treasurer and then a copy is provided to the board of governors and the foundation's officers prior to its filing with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

At least annually, conflict of interest discloure statements are circulated to the board of governors and officers for review and completion. The completed statements are then reviewed under the supervision of a foundation officer.

Form 990, Part VI, Section B, Line 15A

In 2021, the addf engaged a benchmarking/salary assessment consultant who analyzed all roles. They provided a full report market analysis on the ceo and founding ed's compensation, and the presentation was reviewed/shared with randal sandler, co-vice chair of the addf board. Additionally, their performance and salary is reviewed annually, along with other addf staff, by randal sandler. Starting on 2023, they have established the compensation committee.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
ALZHEIMER'S DRUG DISCOVERY FOUNDATION
EIN
20-1082179
Phone
2129018000
Address
57 WEST 57TH ST 904, NEW YORK, NY 10019

Signing Officer

Name
Howard Fillit Md
Title
Founding Executive Director
Phone
2129018000
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Howard Fillit Md
Formed
2004
Legal Domicile
De
Voting Board Members
24
Independent Board Members
23
Employees
41
Volunteers
23

Preparer

Firm
Cbiz Marks Paneth LLC
Address
4 CAMPUS DRIVE SUITE 200, PARSIPPANY, NJ 07054
Preparer
Magdalena Czerniawski
Phone
9732671400
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINCE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The foundation believes it has no uncertain tax positions as of december 31, 2022 and 2021, in accordance with asc topic 740, income taxes, which provides standards for establishing and classifying any tax provisions for uncertain tax positions.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Indirect fundraising expenses -910,182.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Indirect fundraising expense 910,182.

Raw XML AppendixShowing 400 of 1,143 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0347274
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02594953
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0ACCELERATE THE DISCOVERY OF DRUGS TO PREVENT AND TREAT ALZHEIMER'S DISEASE AND RELATED DEMENTIAS.
IRS990/AllOtherContributionsAmt0244256775
IRS990/AllOtherExpensesGrp/ProgramServicesAmt079599
IRS990/AllOtherExpensesGrp/TotalAmt079599
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IRS990/BooksInCareOfDetail/PhoneNum02129018000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt057 WEST 57TH ST 904
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1ALLAN M GREEN MD PHD JD
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IRS990/CreditCounselingInd00
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IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE ALZHEIMER'S DRUG DISCOVERY FOUNDATION IS DEDICATED TO RAPIDLY ACCELERATING THE DISCOVERY OF DRUGS TO PREVENT, TREAT AND CURE ALZHEIMER'S DISEASE AND RELATED DEMENTIAS. THE ADDF IS SOLELY FOCUSED ON FUNDING THE DEVELOPMENT OF DRUGS FOR ALZHEIMER'S, EMPLOYING A VENTURE PHILANTHROPY MODEL TO SUPPORT RESEARCH IN ACADEMIA AND THE BIOTECH INDUSTRY.
IRS990/DescribedInSection501c3Ind01
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IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
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IRS990/Form990PartVIISectionAGrp/TitleTxt11GOVERNOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12GOVERNOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13GOVERNOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt15GOVERNOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt17GOVERNOR
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