ALZHEIMERS DRUG DISCOVERY FOUNDATION Charity Report

Public IRS 990 nonprofit record

ALZHEIMERS DRUG DISCOVERY FOUNDATION

EIN 20-1082179 · Gerontology (V36)

What they do

ACCELERATE THE DISCOVERY of DRUGS to PREVENT, TREAT and CURE ALZHEIMERS DISEASE and RELATED DEMENTIAS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $92.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders37 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

173.00%of revenue went to mission work92.7% of expenses · Program services

8.08%of revenue went to fundraising4.3% of expenses

$186.64spent for every $100 of revenueSpending was higher than revenue this year.

5.56%of revenue went to management and office costs3.0% of expenses

$3.39in assets for every $1 spent this yearSome assets cannot be spent right away.

76.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $40,967,440 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $697,919 for HOWARD FILLIT MD (FOUNDING EXEC. DIR. & CHIEF SCIENCE OFF.). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$47,282,987

Mission workProgram services$81,801,493173.00% of revenue92.7% of expenses

ManagementOffice and general costs$2,626,5785.56% of revenue3.0% of expenses

FundraisingAsking for donations$3,822,3568.08% of revenue4.3% of expenses

Total expenses$88,250,427186.64% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 92.7% mission · 3.0% management · 4.3% fundraisingTotal expenses: 186.64% of revenue

2023Expense mix: 89.7% mission · 3.7% management · 6.5% fundraisingTotal expenses: 164.12% of revenue

2022Expense mix: 97.8% mission · 0.0% management · 2.2% fundraisingTotal expenses: 14.50% of revenue

2021Expense mix: 98.1% mission · 0.0% management · 1.9% fundraisingTotal expenses: 70.00% of revenue

2020Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 102.25% of revenue

2019Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 142.78% of revenue

2018Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 29.01% of revenue

2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 122.68% of revenue

Money in and money out

Revenue$47,282,987

Expenses$88,250,427

Annual shortfall $40,967,440 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$81,801,493 · 92.7% of expenses

Management and office costs$2,626,578 · 3.0% of expenses

Fundraising$3,822,356 · 4.3% of expenses

See all reported dollar amounts

Revenue$47,282,987

Expenses$88,250,427

Assets$299,394,693

Income$56,387,221

Contributions$36,045,158

Mission work (program services)$81,801,493

Fundraising$3,822,356

Grants given$223,650,046

Average grant$1,016,591

Management and general$2,626,578

Executive compensation (total)$426,366

Stocks and bonds$70,622,086

Investing fees$98,580

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

HOWARD FILLIT MDFOUNDING EXEC. DIR. & CHIEF SCIENCE OFF. · 40 hrs/week $697,919Base $663,174 · Other $34,745

MARK ROITHMAYRCEO · 40 hrs/week $692,422Base $651,120 · Other $41,302

LAURA NISENBAUMEXECUTIVE DIRECTOR, DRUG DEVELOPMENT · 40 hrs/week $479,518Base $442,772 · Other $36,746

KAREN HARRISCFO AND HEAD OF MISSION RELATED INV · 40 hrs/week $395,260Base $369,039 · Other $26,221

JANE MCINTOSHCHIEF EXTERNAL AFFAIRS · 40 hrs/week $391,573Base $377,792 · Other $13,781

AARON BURSTEINHEAD OF SEARCH AND EVALUATION · 40 hrs/week $368,084Base $314,231 · Other $53,853

ELI SHOBINSENIOR DIRECTOR DXA · 40 hrs/week $270,058Base $235,962 · Other $34,096

LAKITA CAVINATTORNEY, MISSION-RELATED · 40 hrs/week $241,235Base $220,246 · Other $20,989

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (37)

HOWARD FILLIT MDFOUNDING EXEC. DIR. & CHIEF SCIENCE OFF.

MARK ROITHMAYRCEO

LAURA NISENBAUMEXECUTIVE DIRECTOR, DRUG DEVELOPMENT

KAREN HARRISCFO AND HEAD OF MISSION RELATED INV

JANE MCINTOSHCHIEF EXTERNAL AFFAIRS

AARON BURSTEINHEAD OF SEARCH AND EVALUATION

ELI SHOBINSENIOR DIRECTOR DXA

LAKITA CAVINATTORNEY, MISSION-RELATED

NANCY CORZINEGOVERNOR

LAURA STEELEGOVERNOR

NANCY GOODESGOVERNOR

NIRANJAN BOSE PHDGOVERNOR

PAULA ZAHNGOVERNOR

PHILIP SCHELTENS MD PHDGOVERNOR

RACHID IZZARGOVERNOR

RANDAL SANDLERCO-VICE CHAIRMAN & SECRETARY

RIC EDELMANGOVERNOR

RICHARD MOHS PHDGOVERNOR

ROBERTA DIAZ BRINTON PHDGOVERNOR

RONALD LAUDERCO-CHAIRMAN /GOVERNOR

SHARON SAGERGOVERNOR

THOMAS MCWILLIAMSCO-VICE CHAIRMAN & TREASURER

THOMAS SMITH JRGOVERNOR

MIIA KIVIPELTO MD PHDGOVERNOR

LEONARD LAUDERCO-CHAIRMAN /GOVERNOR (DECEASED)

LAURENCE LEEDS JRGOVERNOR

LANNY EDELSOHN MDGOVERNOR

JULIEANN SHANAHAN CFAGOVERNOR

HENRIK ZETTERBERG MD PHDGOVERNOR

GARY M LAUDERGOVERNOR

DAVID WEINREBGOVERNOR

CAROL BOULANGERGOVERNOR

BONNIE PFEIFER EVANSGOVERNOR

BONNIE ENGLEBARDT LAUTENBERGGOVERNOR

ANN JACKSONGOVERNOR

ALICE SHUREGOVERNOR

ADAM HOFFMANGOVERNOR

About this charity

Recognized since: January 2005
Location: 57 W 57TH ST STE 904, NEW YORK, NY 10019-2819
County: New York
In care of: % HOWARD FILLIT MD
Primary officer: HOWARD FILLIT MD, FOUNDING EXEC. DIR.

How to reach them

WebsiteVisit the charity’s website Phone(212) 901-8000

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CBIZ ADVISORS LLC
NTEE classification: Gerontology (V36)
IRS tax category: Gerontology
Grant-giving organization: Yes