Nonprofit · EIN 11-2608229
MALMONIDES RESEARCH AND DEVELOPMENT FOUNDATION
Tax-exempt · BROOKLYN, NY 11219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $907,096 | $980,709 | -$73,613 | $22,470,558 | $816,568 | $21,653,990 |
| December 31, 2023 | 990 | $849,538 | $788,700 | $60,838 | $19,807,901 | $650,101 | $19,157,800 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $275,000
- Investment income
- $630,160
- Net gain from sales of assets
- -$42,428
- Other revenue
- $1,936
Expenses
- Grants and similar amounts paid
- $486,728
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $23,000
- Accounting fees
- $60,550
- Depreciation
- $157
- Program services (functional)
- $742,580
- Management and general (functional)
- $238,129
Balance sheet and other
- Total assets, start of year
- $19,807,901
- Total assets, end of year
- $22,470,558
- Total liabilities, end of year
- $816,568
- Net assets, end of year
- $21,653,990
- Land, buildings and equipment
- $425,059
- Publicly traded securities
- $16,283,243
- Net assets without donor restrictions
- $21,653,990
- Gross receipts
- $5,593,358
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1982
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PATRICK BORGEN MD | PRESIDENT/MEDICAL DIRECTOR Trustee or director, Officer | 0.5 | $0 | $1,992,061 | $66,239 |
| KENNETH GIBBS | DIRECTOR Trustee or director | 0.5 | $0 | $1,757,557 | $57,570 |
| JOHN MARSHALL MD | DIRECTOR Trustee or director | 0.5 | $0 | $1,423,434 | $67,422 |
| LAURIE WEINSTEIN | SECRETARY Officer | 0.5 | $0 | $1,088,707 | $57,419 |
| DAVID COHEN MD | DIRECTOR Trustee or director | 0.5 | $0 | $939,922 | $45,012 |
| AFSHIN RAZI MD | DIRECTOR Trustee or director | 0.5 | $0 | $687,968 | $68,379 |
| JEFFREY AVNER MD | DIRECTOR Trustee or director | 0.5 | $0 | $670,596 | $53,256 |
| ARIEL SCHULMAN MD | DIRECTOR Trustee or director | 0.5 | $0 | $582,931 | $31,581 |
| SERGEY MOTOV MD | DIRECTOR Trustee or director | 0.5 | $0 | $435,156 | $65,729 |
| ANTHONY KALLOO MD | DIRECTOR THRU 12/24 Trustee or director | 0.5 | $0 | $469,013 | $26,805 |
| MONICA GHITAN MD | DIRECTOR THRU 6/24 Trustee or director | 0.5 | $0 | $355,036 | $39,905 |
| EDMUND SCHMIDT | DIRECTOR Trustee or director | 0.5 | $0 | $354,215 | $26,052 |
| YU SHAI LIN MD | DIRECTOR Trustee or director | 0.5 | $0 | $310,881 | $66,041 |
| JUAN KUPFERMAN MD | DIRECTOR AS OF 9/24 Trustee or director | 0.5 | $0 | $351,893 | $24,917 |
| STEVEN EISENSTADT | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT MACHINIST | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| DONNA ASTION MD | TREASURER Trustee or director, Officer | 0.5 | $0 |
| CHASKEL ROSENBERG | DIRECTOR Trustee or director | 0.5 | $0 |
| MARVIN EISENSTADT | DIRECTOR THRU 12/24 Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PATRICK BORGEN MD | PRESIDENT/MEDICAL DIR Trustee or director, Officer | 0.5 | $0 | $1,991,826 | $64,576 |
| KENNETH GIBBS | DIRECTOR Trustee or director | 0.5 | $0 | $1,812,493 | $54,489 |
| LAURIE WEINSTEIN | SECRETARY Officer | 0.5 | $0 | $1,258,857 | $54,489 |
| JOHN MARSHALL MD | DIRECTOR Trustee or director | 0.5 | $0 | $1,084,567 | $65,656 |
| DAVID COHEN MD | DIRECTOR Trustee or director | 0.5 | $0 | $970,153 | $42,552 |
| ANTHONY KALLOO MD | DIRECTOR Trustee or director | 0.5 | $0 | $825,420 | $38,340 |
| AFSHIN RAZI MD | DIRECTOR Trustee or director | 0.5 | $0 | $654,738 | $67,626 |
| JEFFREY AVNER MD | DIRECTOR Trustee or director | 0.5 | $0 | $595,596 | $52,039 |
| ARIEL SCHULMAN MD | DIRECTOR Trustee or director | 0.5 | $0 | $540,799 | $34,280 |
| SERGEI MOTOV MD | DIRECTOR Trustee or director | 0.5 | $0 | $424,662 | $64,576 |
| MONICA GHITAN MD | DIRECTOR Trustee or director | 0.5 | $0 | $351,138 | $62,161 |
| YU SHAI LIN MD | DIRECTOR Trustee or director | 0.5 | $0 | $313,856 | $67,783 |
| EDMUND SCHMIDT | DIRECTOR Trustee or director | 0.5 | $0 | $331,948 | $27,115 |
| STEVEN EISENSTADT | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| ROBERT MACHINIST | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| DONNA ASTION MD | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MARVIN EISENSTADT | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JACOB SOLOME MD | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| CHASKIE ROSENBERG | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4802 10TH AVE, BROOKLYN, NY 11219-2916
- In care of
- % PATRICK BORGEN MD
- Principal officer (990 for 2024)
- PATRICK BORGEN MD, 4802 TENTH AVENUE, BROOKLYN, NY 11219
- Signed the 990
- PATRICK BORGEN MD, PRES/MED DIRECTOR
- Phone
- (718) 283-6456
- Website
- WWW.maimonidesmed.org
- Return prepared by
- PwC US Tax LLP
Mission
MAIMONIDES RESEARCH AND DEVELOPMENT FOUNDATION WAS ESTABLISHED EXCLUSIVELY FOR THE EDUCATIONAL, SCIENTIFIC, MEDICAL AND CHARITABLE PURPOSES CARRIED ON BY MAIMONIDES MEDICAL CENTER.
Program accomplishments
- EXPENDITURES FOR GRANTS REPRESENT FUNDS AWARDED BY THE FOUNDATION'S BOARD OF DIRECTORS FOR MEDICAL RESEARCH AND DEVELOPMENT PROJECTS. INCLUDED IN EXPENSES ARE $218,528 RESEARCH RELATED ADMINISTRATIVE FEES. REVENUE IS GENERATED FROM RENTAL INCOME PRODUCED BY PROVIDING FACILITIES TO MAIMONIDES MEDICAL CENTER.Expenses $742,580 · grants $486,728 · revenue $275,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-2608229
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H99J)
- Assets (IRS master file)
- $22,470,558
- Income (IRS master file)
- $5,593,358
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $907,096 | $980,709 | $22,470,558 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $849,538 | $788,700 | $19,807,901 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $1,561,943 | $854,686 | $17,799,008 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-2608229).
Questions about MALMONIDES RESEARCH AND DEVELOPMENT FOUNDATION
- What is the EIN of MALMONIDES RESEARCH AND DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of MALMONIDES RESEARCH AND DEVELOPMENT FOUNDATION is 11-2608229.
- Is MALMONIDES RESEARCH AND DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to MALMONIDES RESEARCH AND DEVELOPMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does MALMONIDES RESEARCH AND DEVELOPMENT FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MALMONIDES RESEARCH AND DEVELOPMENT FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MALMONIDES RESEARCH AND DEVELOPMENT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MALMONIDES RESEARCH AND DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2024 names PATRICK BORGEN MD.
- Who are the officers and directors of MALMONIDES RESEARCH AND DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 19 people; 0 received compensation from the organization.
- How much revenue does MALMONIDES RESEARCH AND DEVELOPMENT FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $907,096, expenses of $980,709 and total assets of $22,470,558 at year end.
Other nonprofits in BROOKLYN
- LANIADO DEVELOPMENT FUND INC EIN 83-4291538 · last filed 990 for 2024
- EVERYONE READING INC EIN 13-2755541 · last filed 990 for 2025
- QUALITY OF LIFE IN MEMORY OF SHILOM NEUMAN INC EIN 37-1759391 · last filed 990 for 2024
- PRECISION MEDICINE PATIENT ASSISTANCE FUND INC EIN 99-1837745 · last filed 990 for 2024
- AUDRE LORDE PROJECT INC EIN 06-1502452 · last filed 990 for 2025
- CRI DU CHAT RESEARCH FOUNDATION INC EIN 47-1749667 · last filed 990 for 2024
- GENE-ARATIONS INC EIN 47-0968279 · last filed 990 for 2024
- DOVIS PLAYHOUSE FOR CHILDREN WITH SPECIAL NEEDS INC EIN 11-3575035 · last filed 990-N for 2025