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Nonprofit · EIN 52-0701445

FRIENDS RESEARCH INSTITUTE INC

Tax-exempt · BALTIMORE, MD 21201

Financials

$10.2M$10.3M2023$11.8M$10.5M2024
Revenue Expenses · by fiscal year end
Financials of FRIENDS RESEARCH INSTITUTE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$11,786,193$10,462,035$1,324,158$8,483,431$1,968,231$6,515,200
June 30, 2024990$10,185,535$10,313,209-$127,674$8,050,902$3,061,028$4,989,874
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$9,332,782
of which government grants
$9,332,782
Program service revenue
$2,182,777
Investment income
$177,251
Net gain from sales of assets
-$3,213
Other revenue
$93,383

Expenses

Grants and similar amounts paid
$2,371,653
Compensation of officers, directors and key employees
$753,270
Other salaries and wages
$3,792,136
Salaries, compensation and benefits (total)
$5,222,999
Professional fundraising fees
$0
Occupancy
$424,660
Travel
$123,290
Depreciation
$9,100
Program services (functional)
$8,047,480
Management and general (functional)
$2,414,555

Balance sheet and other

Total assets, start of year
$8,050,902
Total assets, end of year
$8,483,431
Total liabilities, end of year
$1,968,231
Net assets, end of year
$6,515,200
Land, buildings and equipment
$4,073
Publicly traded securities
$5,301,071
Net assets without donor restrictions
$6,492,059
Net assets with donor restrictions
$23,141
Gross receipts
$13,377,714
Employees
74
Volunteers
0
Year formed
1955
State of legal domicile
MD

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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
FRANK VOCCISNR RESEARCH SCIENTIST
Highest-paid employee
40$250,298$0$25,757
JAN GRYCZYNSKIVICE PRESIDENT
Officer
40$228,301$5,121$36,660
MISHKA TERPLANMEDICAL DIRECTOR
Officer
40$214,209$0$47,894
MICHAEL GORDONSNR RESEARCH SCIENTIST
Highest-paid employee
40$232,008$0$23,576
STEVEN BCARSWELLPRESIDENT
Officer
18$63,455$183,348$8,180
MICHELE L HIPSLEYCHIEF OPERATING OFFICER
Officer
40$197,001$0$34,985
SHANNON MITCHELLSNR RESEARCH SCIENTIST
Highest-paid employee
40$198,833$0$30,302
CATHY REBACKSNR RESEARCH SCIENTIST
Highest-paid employee
40$174,934$0$17,773
BABAK TOFIGHISNR RESEARCH SCIENTIST
Highest-paid employee
40$175,135$0$15,547
ROBERT G RASSP ESQCHAIRMAN
Trustee or director, Officer
2$0$0$0
CURTIS L DECKER JDVICE CHAIRMAN
Trustee or director, Officer
1$0$0$0
TIMOTHY A REDMOND CPATREASURER
Trustee or director, Officer
2$0$0$0
FAITH S FEINGOLD MS LCSW-CSECRETARY
Trustee or director, Officer
1$0$0$0
CARMINE G D'ALESSANDRO JDDIRECTOR
Trustee or director
1$0$0$0
SHELDON GLASS MED MDDIRECTOR
Trustee or director
1$0$0$0
5 more people on this return
NameTitleHours / weekCompensation
WALLACE B PICKWORTH PHDDIRECTOR
Trustee or director
1$0
JENNIFER C JORDAN JD MSCCDIRECTOR
Trustee or director
1$0
STEVEN WILLIAMS PHD SPHRDIRECTOR
Trustee or director
1$0
JANET KLEIN BROWN MSW JDDIRECTOR
Trustee or director
1$0
CLEM MUELLER CPADIRECTOR
Trustee or director
1$0
990 for the year ended June 30, 2024: 19 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
FRANK JVOCCIPRESIDENT
Officer
40$282,247$0$28,867
MISHKA TERPLANMEDICAL DIRECTOR
Officer
40$219,392$0$46,511
JAN GRYCZYNSKISNR RESEARCH SCIENTIST
Highest-paid employee
40$219,599$0$34,784
SHANNON MITCHELLSNR RESEARCH SCIENTIST
Highest-paid employee
40$217,617$0$34,785
MICHAEL GORDONSNR RESEARCH SCIENTIST
Highest-paid employee
40$219,724$0$22,347
STEVEN BCARSWELLVICE PRESIDENT
Officer
18$87,530$135,673$10,110
MICHELE L HIPSLEYCHIEF OPERATING OFFICER
Officer
40$183,547$0$32,532
CATHY REBACKSNR RESEARCH SCIENTIST
Highest-paid employee
28$171,164$0$17,406
KARLI HOCHSTATTERRESEARCH SCIENTIST
Highest-paid employee
40$141,412$0$28,865
ROBERT G RASSP ESQCHAIRMAN
Trustee or director, Officer
2$0$0$0
CURTIS L DECKER JDVICE CHAIRMAN
Trustee or director, Officer
1$0$0$0
TIMOTHY A REDMOND CPATREASURER
Trustee or director, Officer
2$0$0$0
FAITH S FEINGOLD MS LCSW-CSECRETARY
Trustee or director, Officer
1$0$0$0
CARMINE G D'ALESSANDRO JDDIRECTOR
Trustee or director
1$0$0$0
SHELDON GLASS MED MDDIRECTOR
Trustee or director
1$0$0$0
WALLACE B PICKWORTH PHDDIRECTOR
Trustee or director
1$0$0$0
JENNIFER C JORDAN JD MSCCDIRECTOR
Trustee or director
1$0$0$0
STEVEN WILLIAMS PHD SPHRDIRECTOR
Trustee or director
1$0$0$0
JANET KLEIN BROWN MSW JDDIRECTOR
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
1040 PARK AVE STE 103, BALTIMORE, MD 21201-5633
Principal officer (990 for 2024)
STEVEN B CARSWELL, 1040 PARK AVENUE SUITE 103, BALTIMORE, MD 21201
Signed the 990
STEVEN B CARSWELL, PRESIDENT
Phone
(410) 837-3977
Return prepared by
KATZ ABOSCH

Mission

FRIENDS RESEARCH INSTITUTE IS DEDICATED TO ADVANCING INNOVATIVE RESEARCH TO PROMOTE HEALTH AND WELL-BEING.

990 for the year ended June 30, 2025

Program accomplishments

  • MEDICAL, MENTAL HEALTH & DRUG ABUSE RESEARCH STUDIES FUNDED BY VARIOUS FEDERAL GOVERNMENT GRANTS. OBJECTIVES OF STUDIES VARY AND ARE LISTED IN GRANT DOCUMENTATION.
    Expenses $6,600,870 · grants $2,371,653 · revenue $8,858,966
  • DRUG RESEARCH STUDIES FUNDED BY GRANTS FROM PRIVATE DRUG AND CHEMICAL COMPANIES. OBJECTIVES OF STUDIES IS TO RESEARCH THE EFFECTS OF DIFFERENT DRUGS.
    Expenses $1,446,610 · revenue $2,182,777

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
52-0701445
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
1957
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$8,483,431
Income (IRS master file)
$13,377,714

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$11,786,193$10,462,035$8,483,431IRS
990June 2024$10,185,535$10,313,209$8,050,902XML
990June 2023$10,784,781$10,418,142$6,513,614IRS
990June 2022$8,502,634$9,170,093$5,960,690IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 52-0701445).

Questions about FRIENDS RESEARCH INSTITUTE INC

What is the EIN of FRIENDS RESEARCH INSTITUTE INC?
The employer identification number (EIN) of FRIENDS RESEARCH INSTITUTE INC is 52-0701445.
Is FRIENDS RESEARCH INSTITUTE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1957.
Are donations to FRIENDS RESEARCH INSTITUTE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FRIENDS RESEARCH INSTITUTE 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 FRIENDS RESEARCH INSTITUTE 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 FRIENDS RESEARCH INSTITUTE 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 FRIENDS RESEARCH INSTITUTE INC?
The 990 for the year ended June 30, 2025 names STEVEN B CARSWELL.
Who are the officers and directors of FRIENDS RESEARCH INSTITUTE INC?
The 990 for the year ended June 30, 2025 lists 20 people; 9 received compensation from the organization, the highest $250,298 (FRANK VOCCI, SNR RESEARCH SCIENTIST).
How much revenue does FRIENDS RESEARCH INSTITUTE INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $11,786,193, expenses of $10,462,035 and total assets of $8,483,431 at year end.

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