Nonprofit · EIN 20-2905531
NEW YORK STEM CELL FOUNDATION INC
Tax-exempt · NEW YORK, NY 10019
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $25,906,400 | $40,355,573 | -$14,449,173 | $61,911,047 | $63,629,611 | -$1,718,564 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $26,188,915
- of which government grants
- $1,082,241
- Program service revenue
- $0
- Investment income
- $23,048
- Royalties
- $15,955
- Net gain from sales of assets
- -$6,114
- Net income from fundraising events
- -$334,855
- Other revenue
- -$305,563
Expenses
- Grants and similar amounts paid
- $6,699,139
- Compensation of officers, directors and key employees
- $1,340,801
- Other salaries and wages
- $12,249,453
- Salaries, compensation and benefits (total)
- $16,284,768
- Professional fundraising fees
- $0
- Legal fees
- $1,245,195
- Accounting fees
- $32,056
- Occupancy
- $4,823,010
- Travel
- $22,552
- Depreciation
- $2,068,592
- Program services (functional)
- $36,204,368
- Management and general (functional)
- $2,444,857
- Fundraising (functional)
- $1,706,348
Balance sheet and other
- Total assets, start of year
- $82,924,502
- Total assets, end of year
- $61,911,047
- Total liabilities, end of year
- $63,629,611
- Net assets, end of year
- -$1,718,564
- Land, buildings and equipment
- $18,925,618
- Net assets without donor restrictions
- -$11,164,685
- Net assets with donor restrictions
- $9,446,121
- Gross receipts
- $26,602,392
- Employees
- 155
- Volunteers
- 13
- Year formed
- 2005
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JENNIFER RAAB | PRESIDENT AND CEO Officer | 40 | $698,208 | $13,944 |
| JEFFREY WALLERSTEIN | CFO & COO Officer | 40 | $578,750 | $30,460 |
| DANIEL PAULL | VICE PRESIDENT, STEM CELL Key employee | 40 | $397,722 | $30,342 |
| CHRISTINE LIN | CHIEF ADVANCEMENT OFFICER Key employee | 40 | $318,850 | $12,761 |
| FREDERICK MONSMA | SENIOR VICE PRESIDENT, SCI Key employee | 40 | $307,849 | $22,836 |
| HOWARD KIM | VICE PRESIDENT, CELL THEORY Key employee | 40 | $286,400 | $28,129 |
| DAVID MCKEON | CHIEF OF STAFF Key employee | 40 | $290,710 | $11,061 |
| ROY GERONEMUS | CHAIRMAN & DIRECTOR Trustee or director, Officer | 6 | $0 | $0 |
| MARGO ALEXANDER | FORMER TREASURER & DIRECTOR Trustee or director, Officer | 6 | $0 | $0 |
| DERRICK ROSSI | DIRECTOR Trustee or director | 3 | $0 | $0 |
| KAREN BURKE | DIRECTOR Trustee or director | 3 | $0 | $0 |
| FRANCESCO CLARK | DIRECTOR Trustee or director | 3 | $0 | $0 |
| RICHARD J MASSEY | DIRECTOR Trustee or director | 3 | $0 | $0 |
| PAUL GOLDBERGER | DIRECTOR Trustee or director | 3 | $0 | $0 |
| PAUL M MEISTER | DIRECTOR Trustee or director | 3 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SIDDHARTHA MUKHERJEE | DIRECTOR Trustee or director | 3 | $0 |
| STEPHEN M ROSS | DIRECTOR Trustee or director | 3 | $0 |
| KAY UNGER | DIRECTOR Trustee or director | 3 | $0 |
| STEPHEN M SCHERR | DIRECTOR Trustee or director | 3 | $0 |
| CLYDE WILLIAMS | DIRECTOR Trustee or director | 3 | $0 |
| MARILYN BRESLOW | DIRECTOR Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 619 WEST 54TH ST 3RD FL, NEW YORK, NY 10019-3545
- In care of
- % SALANS
- Principal officer (990 for 2024)
- JEFF WALLERSTEIN, 619 WEST 54TH STREET 3RD FL, NEW YORK, NY 10019
- Signed the 990
- JEFF WALLERSTEIN, CHIEF FINANCIAL & OPERATING OFFICER
- Phone
- (212) 365-7428
- Return prepared by
- CONDON O'MEARA MCGINTY & DONNELLY LLP
Mission
SEE SCHEDULE O.
Program accomplishments
- SEE SCHEDULE O.Expenses $36,204,368 · grants $6,699,139
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-2905531
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H20)
- Assets (IRS master file)
- $61,911,047
- Income (IRS master file)
- $26,602,392
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $30,392,844 | $43,475,154 | $93,436,824 | IRS |
| 990 | June 2022 | $37,512,270 | $41,703,809 | $68,785,441 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about NEW YORK STEM CELL FOUNDATION INC
- What is the EIN of NEW YORK STEM CELL FOUNDATION INC?
- The employer identification number (EIN) of NEW YORK STEM CELL FOUNDATION INC is 20-2905531.
- Is NEW YORK STEM CELL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to NEW YORK STEM CELL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW YORK STEM CELL FOUNDATION INC 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 NEW YORK STEM CELL FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW YORK STEM CELL FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEW YORK STEM CELL FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names JEFF WALLERSTEIN.
- Who are the officers and directors of NEW YORK STEM CELL FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 21 people; 7 received compensation from the organization, the highest $698,208 (JENNIFER RAAB, PRESIDENT AND CEO).
- How much revenue does NEW YORK STEM CELL FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $25,906,400, expenses of $40,355,573 and total assets of $61,911,047 at year end.
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