Gerald J & Dorothy R Friedman N Y Foundation For Medical Research
Medical Research Foundation Consistently Reports Zero Officer Compensation Amidst Fluctuating Revenues and Growing Assets.
EIN: 134034562 · New York, NY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19.9M |
| Total Expenses | $5.2M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $41,311,161 |
| Net Assets | $39.8M |
| Transparency Score | 95/100 |
Is Gerald J & Dorothy R Friedman N Y Foundation For Medical Research Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gerald J & Dorothy R Friedman N Y Foundation For Medical Research directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gerald J & Dorothy R Friedman N Y Foundation For Medical Research
Gerald J & Dorothy R Friedman N Y Foundation For Medical Research (EIN: 134034562) is a nonprofit organization based in New York, NY, classified under NTEE code T22. The organization reported total revenue of $19.9M and total assets of $41.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gerald J & Dorothy R Friedman N Y Foundation For Medical Research's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gerald J & Dorothy R Friedman N Y Foundation For Medical Research is a large nonprofit that has been operating for 27 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 9.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $5.2M |
| Surplus / Deficit | $-1,283,254 |
| Total Assets | $39.8M |
| Total Liabilities | $1 |
| Net Assets | $39.8M |
| Operating Margin | -32.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 91.4 months |
Financial Health Grade: B
In 2024, Gerald J & Dorothy R Friedman N Y Foundation For Medical Research reported a deficit of $1.3M with expenses exceeding revenue, holds 91.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2024), Gerald J & Dorothy R Friedman N Y Foundation For Medical Research's revenue has grown at a compound annual growth rate (CAGR) of 9.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +182.9% | +54.4% | -3.1% |
| 2023 | -72.8% | -30.7% | -4.4% |
| 2022 | +183.7% | +27.6% | +0.8% |
| 2021 | -84.8% | +16.1% | -4.5% |
| 2020 | +130.8% | +3.4% | +63.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gerald J & Dorothy R Friedman N Y Foundation For Medical Research with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Gerald J & Dorothy R Friedman N Y Foundation For Medical Research allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its asset size ($41,311,161). This suggests a strong dedication to directing all available funds towards its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Gerald J & Dorothy R Friedman N Y Foundation For Medical Research's IRS 990 filings:
- Significant year-to-year revenue volatility (e.g., $11.8M in 2020 vs. $1.3M in 2023) could impact consistent program planning, though assets provide stability.
Strengths
The following positive indicators were identified for Gerald J & Dorothy R Friedman N Y Foundation For Medical Research:
- Consistent zero officer compensation across all filings, indicating high efficiency and mission focus.
- Extremely low liabilities (often $1), demonstrating excellent financial management and minimal debt.
- Significant growth in assets over the past decade, from $23.5M in 2012 to $41.3M currently.
- Strong program spending focus, as implied by zero officer compensation and minimal administrative overhead.
- High transparency due to clear financial reporting and absence of executive compensation.
Frequently Asked Questions about Gerald J & Dorothy R Friedman N Y Foundation For Medical Research
Is Gerald J & Dorothy R Friedman N Y Foundation For Medical Research a legitimate charity?
Gerald J & Dorothy R Friedman N Y Foundation For Medical Research (EIN: 134034562) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 11 years of IRS 990 filings on record. Total revenue: $19.9M. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Gerald J & Dorothy R Friedman N Y Foundation For Medical Research spend its money?
Gerald J & Dorothy R Friedman N Y Foundation For Medical Research directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Gerald J & Dorothy R Friedman N Y Foundation For Medical Research tax-deductible?
Gerald J & Dorothy R Friedman N Y Foundation For Medical Research is registered as a tax-exempt nonprofit (EIN: 134034562). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gerald J & Dorothy R Friedman N Y Foundation For Medical Research CEO make?
Gerald J & Dorothy R Friedman N Y Foundation For Medical Research's highest-compensated officer earns $41,311,161 annually. The organization reported $19.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Gerald J & Dorothy R Friedman N Y Foundation For Medical Research compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Gerald J & Dorothy R Friedman N Y Foundation For Medical Research is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gerald J & Dorothy R Friedman N Y Foundation For Medical Research located?
Gerald J & Dorothy R Friedman N Y Foundation For Medical Research is headquartered in New York, New York and files with the IRS under EIN 134034562. It is classified under NTEE code T22.
How many years of IRS 990 filings does Gerald J & Dorothy R Friedman N Y Foundation For Medical Research have?
Gerald J & Dorothy R Friedman N Y Foundation For Medical Research has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $19.9M in total revenue.
Is the Gerald J & Dorothy R Friedman N Y Foundation For Medical Research a good charity?
Based on the available IRS 990 data, the foundation appears to be a very good charity. It consistently reports zero officer compensation, maintains extremely low liabilities (often $1), and has a growing asset base, all indicating strong financial health and a high dedication to its mission.
How does the foundation manage to operate with zero officer compensation?
The filings consistently show 0% officer compensation. This could mean that the foundation is entirely volunteer-run at the executive level, or that executive services are provided pro bono, or that compensation is structured in a way that isn't reported as 'officer compensation' on the 990, though the latter is less likely given the consistent reporting.
What is the trend in the foundation's assets?
The foundation's assets have shown significant growth over the past decade, increasing from $23,567,397 in 2012 to $41,311,161 in the latest period, indicating strong financial stewardship and potentially successful investment strategies.
Are there any concerns about the foundation's liabilities?
No, the foundation consistently reports extremely low liabilities, often $1 or less, across all available filings. This is a strong indicator of excellent financial management and minimal debt.
How stable is the foundation's revenue?
The foundation's revenue has fluctuated significantly year-to-year, ranging from $993,598 in 2012 to $11,885,915 in 2020. While variable, this is not uncommon for foundations that may rely on large, infrequent grants or investment returns, and the growing asset base suggests overall financial stability despite revenue volatility.
Filing History
IRS 990 filing history for Gerald J & Dorothy R Friedman N Y Foundation For Medical Research showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), Gerald J & Dorothy R Friedman N Y Foundation For Medical Research's revenue has grown by 207.8%, moving from $1.3M to $3.9M. Total assets increased by 49.4% over the same period, from $26.6M to $39.8M. Total functional expenses rose by 1027.6%, from $463K to $5.2M. In its most recent filing year (2024), Gerald J & Dorothy R Friedman N Y Foundation For Medical Research reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $1 in liabilities against $39.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $39.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.9M | $5.2M | $39.8M | $1 | — | View 990 |
| 2023 | $1.4M | $3.4M | $41.1M | $1 | — | View 990 |
| 2022 | $5.1M | $4.9M | $42.9M | $1 | — | View 990 |
| 2021 | $1.8M | $3.8M | $42.6M | $25 | — | — |
| 2020 | $11.9M | $3.3M | $44.7M | $134 | — | View 990 |
| 2019 | $5.2M | $3.2M | $27.3M | $58K | — | View 990 |
| 2015 | $1.1M | $5.3M | $20.3M | $970K | — | View 990 |
| 2014 | $2.1M | $915K | $23.5M | $1 | — | View 990 |
| 2013 | $2.0M | $3.2M | $22.3M | $0 | — | View 990 |
| 2012 | $994K | $4.1M | $23.6M | $0 | — | View 990 |
| 2011 | $1.3M | $463K | $26.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.9M, expenses of $5.2M, and assets of $39.8M (revenue +182.9% year-over-year).
- 2023: Revenue of $1.4M, expenses of $3.4M, and assets of $41.1M (revenue -72.8% year-over-year).
- 2022: Revenue of $5.1M, expenses of $4.9M, and assets of $42.9M (revenue +183.7% year-over-year).
- 2021: Revenue of $1.8M, expenses of $3.8M, and assets of $42.6M (revenue -84.8% year-over-year).
- 2020: Revenue of $11.9M, expenses of $3.3M, and assets of $44.7M (revenue +130.8% year-over-year).
- 2019: Revenue of $5.2M, expenses of $3.2M, and assets of $27.3M (revenue +348.5% year-over-year).
- 2015: Revenue of $1.1M, expenses of $5.3M, and assets of $20.3M (revenue -44.8% year-over-year).
- 2014: Revenue of $2.1M, expenses of $915K, and assets of $23.5M (revenue +5.5% year-over-year).
- 2013: Revenue of $2.0M, expenses of $3.2M, and assets of $22.3M (revenue +98.7% year-over-year).
- 2012: Revenue of $994K, expenses of $4.1M, and assets of $23.6M (revenue -22.4% year-over-year).
- 2011: Revenue of $1.3M, expenses of $463K, and assets of $26.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gerald J & Dorothy R Friedman N Y Foundation For Medical Research:
Data Sources and Methodology
This transparency report for Gerald J & Dorothy R Friedman N Y Foundation For Medical Research is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.