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Top Rated

Brain & Behavior Research Foundation

CharityWatch report issued
May 2018

Top-Rated Charity
CharityWatch Grade
Our independent grade based
on a number of factors.
Program Percentage
Amount spent on programs
relative to overhead.
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Brain & Behavior Research Foundation
747 Third Avenue
33rd Floor
New York, NY 10017

Other Names

NARSAD Research Institute
National Alliance for Research on Schizophrenia & Depression

Tax Status


Stated Mission

Committed to alleviating the suffering of mental illness by awarding grants that will lead to advances & breakthroughs in scientific research.

View similar charities
Data based on Fiscal Year Ended 12/31/2016

Program Percentage: 85%

The percentage of Brain & Behavior Research Foundation 's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).


Calculated Total Expenses



Cost to Raise $100: $6

How many dollars Brain & Behavior Research Foundation spends on fundraising to raise each $100 of contributions.


Calculated Total Contributions


Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources


Financial Documents

Entity Document Type Tax ID
Brain & Behavior Research Foundation IRS Form 990 31-1020010
NARSAD Research Institute IRS Form 990 11-3401438
Brain & Behavior Research Foundation & NARSAD Research Institute Audited Combined Financial Statements Multiple
Entity: Brain & Behavior Research Foundation
Document Type: IRS Form 990
Tax ID: 31-1020010
Entity: NARSAD Research Institute
Document Type: IRS Form 990
Tax ID: 11-3401438
Entity: Brain & Behavior Research Foundation & NARSAD Research Institute
Document Type: Audited Combined Financial Statements
Tax ID: Multiple

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
Brain & Behavior Research Foundation
meets governance benchmarks.
Brain & Behavior Research Foundation
meets transparency benchmarks.
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy

  Name Title Compensation
1 Jeffrey Borenstein President/CEO $486,538
2 Louis Innamorato CFO $317,840
3 Faith Rothblatt VP of Development $194,549
Name: Jeffrey Borenstein
Title: President/CEO
Compensation: $486,538
Name: Louis Innamorato
Title: CFO
Compensation: $317,840
Name: Faith Rothblatt
Title: VP of Development
Compensation: $194,549

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.
CharityWatch's rating of the Brain & Behavior Research Foundation is based on its audited combined financial statements for the fiscal year-ended December 31, 2016, which also include the financial activities of the NARSAD Research Institute (tax ID #11-3401438).

Brain & Behavior Research Foundation is the doing business as (d/b/a) name of the National Alliance for Research on Schizophrenia and Depression (NARSAD) (tax ID #31-1020010).
According to the Brain & Behavior Research Foundation and NARSAD Research Institute (the "Foundation") combined audit of December 31, 2016 (Note 17, Contribution of Services), the Foundation received in-kind contributed services in 2016 on which it placed a total value of $1,886,697, including $1,411,334 in services contributed by the Foundation's Scientific Council.

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]
According to the Brain & Behavior Research Foundation (BBRF) 2016 tax filing, BBRF reports for Compensation Information:

"Merit bonuses are paid to certain staff members based on annual performance..." (IRS Form 990, Schedule J, Part III).

BBRF reports paying "Bonus & incentive compensation" in the amount of $65,000 and $40,000 to its President & CEO, Jeffrey Borenstein, and CFO, Louis Innamorato, respectively, in 2016. The total compensation, including bonus, reported for Jeffrey Borenstein and Louis Innamorato in 2016 is $486,538 and $317,840, respectively (IRS Form 990, Schedule J, Part II).

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