Civic Intelligence

New York STEM Cell Foundation Inc

EIN 20-2905531 • 501(c)3 • New York, NY

Profile

See schedule o.to advance the most cutting-edge stem cell research in the world, to support stem cell scientists, and to educate the public.

619 West 54th Street 3rd FLNew York, NY 10019
Siviq Scores

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

Liabilities / Assets

88th percentile

0.84x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

3.04x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

2nd percentile

-93%

Higher net margin than 2% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

77th percentile

$636,815

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

7th percentile

-11%

Faster asset growth than 7% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

9th percentile

-24%

Faster revenue growth than 9% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$93,436,824

Up $24,651,383 (+36%) from 2022

Liabilities

Up

$59,027,731

Up $37,743,527 (+177%) from 2022

Net Assets

Down

$34,409,093

Down $13,092,144 (-28%) from 2022

Revenue

Down

$30,392,844

Down $7,119,426 (-19%) from 2022

Expenses

Up

$43,475,154

Up $1,771,345 (+4.2%) from 2022

Net Income

Down

-$13,082,310

Down $8,890,771 (-212%) from 2022

Trend Graphs

Balance Sheet Trend

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

$100M$50M$0Assets 2011: $49,802,989Liabilities 2011: $239,436Net Assets 2011: $49,563,5532011Assets 2012: $49,637,635Liabilities 2012: $1,314,122Net Assets 2012: $48,323,5132012Assets 2013: $40,418,661Liabilities 2013: $1,994,074Net Assets 2013: $38,424,5872013Assets 2014: $34,626,542Liabilities 2014: $1,752,251Net Assets 2014: $32,874,2912014Assets 2015: $41,598,214Liabilities 2015: $2,253,014Net Assets 2015: $39,345,2002015Assets 2016: $59,764,444Liabilities 2016: $6,505,681Net Assets 2016: $53,258,7632016Assets 2017: $64,240,963Liabilities 2017: $21,260,859Net Assets 2017: $42,980,1042017Assets 2018: $71,398,151Liabilities 2018: $19,388,153Net Assets 2018: $52,009,9982018Assets 2019: $82,378,860Liabilities 2019: $20,953,938Net Assets 2019: $61,424,9222019Assets 2020: $70,013,247Liabilities 2020: $22,548,357Net Assets 2020: $47,464,8902020Assets 2021: $75,950,014Liabilities 2021: $24,375,151Net Assets 2021: $51,574,8632021Assets 2022: $68,785,441Liabilities 2022: $21,284,204Net Assets 2022: $47,501,2372022Assets 2023: $93,436,824Liabilities 2023: $59,027,731Net Assets 2023: $34,409,0932023

Highlighted filing

2023

Assets$93,436,824
Liabilities$59,027,731
Net Assets$34,409,093

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2011: $28,041,287Expenses 2011: $10,299,460Net Income 2011: $17,741,8272011Revenue 2012: $15,327,528Expenses 2012: $16,567,568Net Income 2012: -$1,240,0402012Revenue 2013: $9,382,571Expenses 2013: $19,281,497Net Income 2013: -$9,898,9262013Revenue 2014: $15,932,678Expenses 2014: $21,482,974Net Income 2014: -$5,550,2962014Revenue 2015: $29,113,914Expenses 2015: $22,643,005Net Income 2015: $6,470,9092015Revenue 2016: $39,530,527Expenses 2016: $25,714,267Net Income 2016: $13,816,2602016Revenue 2017: $17,357,503Expenses 2017: $27,662,790Net Income 2017: -$10,305,2872017Revenue 2018: $38,002,117Expenses 2018: $29,092,019Net Income 2018: $8,910,0982018Revenue 2019: $40,135,955Expenses 2019: $30,505,141Net Income 2019: $9,630,8142019Revenue 2020: $21,611,522Expenses 2020: $35,275,751Net Income 2020: -$13,664,2292020Revenue 2021: $43,590,530Expenses 2021: $39,653,628Net Income 2021: $3,936,9022021Revenue 2022: $37,512,270Expenses 2022: $41,703,809Net Income 2022: -$4,191,5392022Revenue 2023: $30,392,844Expenses 2023: $43,475,154Net Income 2023: -$13,082,3102023

Highlighted filing

2023

Revenue$30,392,844
Expenses$43,475,154
Net Income-$13,082,310

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$93.4$59.0$34.4$30.4$43.5$13.1
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$68.8$21.3$47.5$37.5$41.7$4.19
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$76.0$24.4$51.6$43.6$39.7$3.94
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$70.0$22.5$47.5$21.6$35.3$13.7
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$82.4$21.0$61.4$40.1$30.5$9.63
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$71.4$19.4$52.0$38.0$29.1$8.91
2017Summary only. Only limited summary data is available for this year.$64.2$21.3$43.0$17.4$27.7$10.3
2016Summary only. Only limited summary data is available for this year.$59.8$6.51$53.3$39.5$25.7$13.8
2015Summary only. Only limited summary data is available for this year.$41.6$2.25$39.3$29.1$22.6$6.47
2014Summary only. Only limited summary data is available for this year.$34.6$1.75$32.9$15.9$21.5$5.55
2013Summary only. Only limited summary data is available for this year.$40.4$1.99$38.4$9.38$19.3$9.90
2012Summary only. Only limited summary data is available for this year.$49.6$1.31$48.3$15.3$16.6$1.24
2011Summary only. Only limited summary data is available for this year.$49.8$0.24$49.6$28.0$10.3$17.7
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2020 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$21,868,347
Mission and Program Overview

Mission

See schedule o.to advance the most cutting-edge stem cell research in the world, to support stem cell scientists, and to educate the public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$48,851,898$36,629,309▼ $12,222,589
Land, Buildings, and Equipment, Net$26,034,600$26,445,533▲ $410,933
Savings and Temporary Cash Investments$6,961,454$6,082,984▼ $878,470
Prepaid Expenses and Deferred Charges$380,024$561,145▲ $181,121
Cash and Non-Interest-Bearing Accounts$1,000$1,000→ $0
Total Assets$82,378,860$70,013,247▼ $12,365,613
Other Assets Total$149,884$293,276▲ $143,392
Liabilities
Other Liabilities$6,746,403$9,188,472▲ $2,442,069
Mortgage Notes Payable Secured by Investment Property$10,050,695$9,135,014▼ $915,681
Accounts Payable and Accrued Expenses$2,367,056$2,121,051▼ $246,005
Grants Payable$1,616,134$1,776,064▲ $159,930
Deferred Revenue$173,650$327,756▲ $154,106
Total Liabilities$20,953,938$22,548,357▲ $1,594,419
Net Assets / Fund Balance
Net Assets With Donor Restrictions$50,897,122$38,079,392▼ $12,817,730
Net Assets Without Donor Restrictions$10,527,800$9,385,498▼ $1,142,302
Total Net Assets Fund Balance$61,424,922$47,464,890▼ $13,960,032
Total Liabilities and Net Assets / Fund Balance$82,378,860$70,013,247▼ $12,365,613

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$17,803,324$9,563,948$27,367,272
Equipment$8,642,209$4,339,259$12,981,468
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan L SolomonCEO & DirectorFT$701,154$41,361$742,515
Jeffrey WallersteinChief Financial & OperatingFT$428,480$58,090$486,570
Elizabeth SchwarzbachChief Business OfficerFT$352,071$26,380$378,451
Scott NoggleSenior VP, ResearchFT$252,645$62,497$315,142
Daniel PaullVice Pres., Stem Cell TechFT$259,083$39,107$298,190
Frederick MonsmaSenior VP, Scientific OperationsFT$262,067$25,392$287,459
Melissa NirenbergFormer Chief Medical OfficerFT$248,000-$248,000

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Dla Piper LLPLegalPO BOX 64029, Baltimore, MD 21264$406,030
Lisa Strovink Co NyscfConsultant619 WEST 54TH STREET, New York, NY 10019$192,824
Britton Business ComputingIt Consultant302 A WEST 12TH STREET 335, New York, NY 10014$176,344
Ips - Integrated Project Services INCEngineering Consultant721 ARBOR WAY SUITE 100, Blue Bell, PA 19422$161,867
Validation MastersEngineering ConsultantDOUGLAS ROAD, Far Hills, NJ 07931$126,403
Revenue and Support

Revenue Composition

Contributions and Grants
$20,431,488
Program Service Revenue
$0
Investment Income
$23,583
Other Revenue
$1,156,451
All Other Contributions
$16,617,536
Change in Net Assets
$-13,664,229

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 Traded4$38,054Fair Market Value (FMV)
Total Noncash Contributions4$38,054-

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,411,205
Revenue Not Reported on Financial Statements
$200,317
Revenue Not Reported on Form 990
$-88,558
Other Revenue Adjustments
$200,317
Total Revenue per Audited Statements
$21,322,647
Total Revenue per Form 990
$21,611,522
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,180,211
Other Expenses$12,891,516
Grants and Similar Amounts Paid$9,204,024
Total Fundraising Expense$1,654,262
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,390,466$463,284$657,023$9,510,773
Grants to Domestic Orgs$8,004,024--$8,004,024
Occupancy$2,692,142$134,793$153,305$2,980,240
Depreciation Depletion$2,143,989$133,844$80,418$2,358,251
Current Officers, Directors, Trustees, and Key Employees$749,326$316,988$212,382$1,278,696
Other Employee Benefits$1,062,754$68,048$93,018$1,223,820
Foreign Grants$1,200,000--$1,200,000
Payroll Taxes$657,982$53,993$59,954$771,929
Fees for Services Legal$693,858$22,039-$715,897
Conferences and Meetings$441,979$10,794$34,204$486,977
Fees for Services Other$262,919$83,030$133,213$479,162
Interest$383,266$25,694$16,059$425,019
Office Expenses$289,768$72,319$38,004$400,091
Pension Plan Contributions$344,787$21,907$28,299$394,993
Insurance$192,671$17,716$11,073$221,460
Information Technology$135,196$14,841$16,587$166,624
Other Expenses$68,109$10,192$5,924$84,225
Travel$22,518$8,239$3,257$34,014
Fees for Services Accounting$1,650$25,677-$27,327
Total Functional Expenses$32,114,173$1,507,316$1,654,262$35,275,751

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$35,282,679
Expenses per Audited Statements$35,275,751
Total Expenses per Form 990$35,275,751
Expenses Not Reported on Form 990$6,928
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Stanford UniversityMenlo Park, CA501(c)(3)Grant$1,500,000
Harvard UniversityBoston, MA501(c)(3)Grant$900,000
University of California BerkeleyBerkeley, CA501(c)(3)Grant$900,000
BOSTON'S CHILDREN HOSPITALBoston, MA501(c)(3)Grant$600,000
California Institute of TechnologyPasadena, CA501(c)(3)Grant$600,000
Princeton UniversityPrinceton, NJ501(c)(3)Grant$600,000
CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTERCincinnati, OH501(c)(3)Grant$300,000
Columbia UniversityNew York, NY501(c)(3)Grant$300,000
Massachusetts General HospitalBoston, MA501(c)(3)Grant$300,000
Northwestern UniversityEvanson, IL501(c)(3)Grant$300,000
THE BRIGHAM AND WOMEN'S HOSPITALBoston, MA501(c)(3)Grant$300,000
University of California Los AngelesLos Angeles, CA501(c)(3)Grant$300,000
University of North Carolina at Chapel HillChapel Hill, NC501(c)(3)Grant$300,000
University of Southern CaliforniaLos Angeles, CA501(c)(3)Grant$300,000
Weill Cornell Medical CollegeNew York, NY501(c)(3)Fellowship$107,135
Storyline Health IncCotton Heights, UT501(c)(3)Grant$100,000
Rockefeller UniversityNew York, NY501(c)(3)Fellowship$61,000
Stanford UniversityMenlo Park, CA501(c)(3)Fellowship$61,000
Case Western Reserve University SchoolCleveland, OH501(c)(3)Fellowship$60,000
Hackensack University Medical CenterHackensack, NJ501(c)(3)Fellowship$60,000
Yale UniversityNew Haven, CT501(c)(3)Grant$36,910
Albert Einstein College of MedicineBronx, NY501(c)(3)Fellowship$13,784

International Summary

Offices
0
Employees
0
Spending
$1,200,000

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
EuropeGrantmakingGrants--$1,200,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$218,771
Fundraising Gross Income$218,771
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$1,787,293$218,771$8,777$209,994
Total Events$1,787,293$218,771$218,771$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent & Lease Incentive$6,786,317
Loan Payable - Ppp$1,865,138
Interest Rate Swap Adjustment$296,411
Capital Lease Payable$194,666
Security Deposit$45,940
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
Yes
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 2

Susan l. Solomon, ceo & director is married to paul goldberger, director jeff wallerstein, chief financial & operating officer is the brother-in-law of stephen scherr, director.

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

The form 990 is reviewed by the finance committee and distributed to the entire board of directors for their review prior to filing.

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

The conflict of interest policy is distributed annually for review and signature.

Form 990, Part VI, Section B, Line 15

Compensation is determined by reviewing comparable organizations' form 990, engaging an independent compensation consultant to prepare an analysis and report about the ceo and other key employee's compensation. These materials are presented to the organization's compensation committee, which reports to the full board.

Form 990, Part VI, Section C, Line 19

Nyscf makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
New York Stem Cell Foundation Inc
EIN
20-2905531
Phone
2123657428
Address
619 WEST 54TH STREET 3RD FL, NEW YORK, NY 10019

Signing Officer

Name
Susan L Solomon
Title
CEO
Phone
2123657428
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan L Solomon
Formed
2005
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
14
Employees
124
Volunteers
14

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA, NEW YORK, NY 10004
Preparer
James J Reilly
Phone
2126617777
Supplemental Narrative

Additional Explanations

Part III - Line 1

The new york stem cell foundation ("nyscf") is a not-for-profit organization that was incorporated in the state of new york on may 19, 2005. Nyscf's mission is to accelerate cures for the major diseases of our time through stem cell research. Nyscf programs include: 1) nyscf research - supporting and enabling the unrestricted pursuit of the most advanced stem cell research, both in our own laboratory and through collaborations with major medical research institutions; 2) nyscf fellowship and innovator programs - supporting and training the next generation of scientists, both at the post-doctoral level as fellows, and as investigators pursuing innovative work that translates research into cures; 3) nyscf conference and symposia - convening the pre-eminent annual translational stem cell research conference and an on-going series of programs for scientists, policymakers and the public.

Part III - Line 4A

Nyscf research - supporting and enabling the unrestricted pursuit of the most advanced stem cell research, both in our own laboratory and through collaborations with major medical research institutions. Nyscf fellowship and innovator programs - supporting and training the next generation of scientists, both at the post-doctoral level as fellows, and as investigators pursuing innovative work that translates research into cures. Nyscf conference and symposia - convening the pre-eminent annual translational stem cell research conference and an on-going series of programs for scientists, policymakers and the public.

FORM 990, PART XI, LINE 9:

Interest rate swap -200,317.

Form 990. Part XII, Line 2C.

The process has not been changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

Nyscf is subject to the provisions of the financial accounting standards board's (the "fasb") accounting standards codification ("asc") topic 740, income taxes, relating to accounting and reporting for uncertainty in income taxes. Because of nyscf's general tax-exempt status, the adoption of asc topic 740-10-05 has not had, and is not expected to have, a material impact on nyscf's financial statements.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Interest rate swap 200,317.

Raw XML AppendixShowing 400 of 1,088 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt6FORMER CHIEF MEDICAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIRMAN & DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER & DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990/OtherExpensesGrp/Desc0LABORATORY EXPENSES
IRS990/OtherExpensesGrp/Desc1PRINTING & VIDEO PRODUC
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
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IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER
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