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New York BBB Wise Giving Report for
American Federation for Aging Research

A BBB Accredited charity

 


  • Meets all standards

Expiration Date:
09/2014
Name:
American Federation for Aging Research
Address:
55 West 39th Street
16th Floor
New York, NY 10018
Phone:
212-703-9977
Web Site:
Year, State Incorporated:
1981, New York
Affiliates:
None
Stated Purpose:
" The American Federation for Aging Research (AFAR) is a national non-profit organization whose mission is to support and advance healthy aging through biomedical research. "






Evaluation Conclusions
 

              
American Federation for Aging Research (AFAR) meets the 20 Standards for Charity Accountability.




Programs
 

              

The American Federation for Aging Research responds to the growing need for research and treatment of aging and age-related disease. AFAR grants and fellowships allow young scientists and physicians to consider aging research and the care of the elderly as a career. AFAR also supports conferences related to the research of aging and age-related disease.

AFAR focuses its activities on these major initiatives:

Identifying and funding a broad range of cutting-edge research most likely to increase knowledge about healthy aging.

Attracting more physicians to specialize in geriatric medicine to meet the demands of an aging population with expert health-care.

Creating opportunities for scientists and clinicians to share knowledge and exchange ideas to drive innovation in aging research.

Providing information to the public on new medical findings that can help people live longer lives, less susceptible to disease and disability.






Governance
 

              
Chief Executive Officer:
Ms. Stephanie Lederman, Executive Director
Compensation*:
$285,120
Chair of the Board:
Mr. William J. Lipton
Chair's Profession / Business Affiliation:
Retired
Board Size:
32
Paid Staff Size:
11



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Invitations to fund raising events, grant proposals, annual and program appeals.
Fund raising costs were 10.5% of related contributions. (Related contributions, which totaled $3,449,020, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on AFAR's Audited Financial Statements for the fiscal year ended December 31, 2011.

Source of Funds  

Contributions

$3,344,440

AFAR Dinner and Conference, net

104,580

Conference registration

27,173

Investment income

(134,890)

Changes in beneficial interest in charitable remainder trust

(175,595)

Total Income

$3,165,708

Program Expenses  

Research grants and scholarships

$8,623,191

Meetings and public education

487,674
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Expenses in Excess of Income

9,110,865
362,912
418,348

$9,892,125

$(6,726,417)




Uses of Funds as a % of Total Expenses


Programs: 92%  Fund Raising: 4%  Administrative 4% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $32,289,612
Ending net assets 25,563,195
Total liabilities 7,618,842

Total assets

$33,182,037






 

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