Gerald J & Dorothy R Friedman N Y Foundation For Medical Research

New York, NY
Tax-exempt since Dec. 1999
EIN: 13-4034562

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$6.06M (2025)

Expenses

$4.52M (2025)

Total Assets

$41.3M (2025)

Total Liabilities

$0 (2025)

Source: Form 990 tax filings from 2011 to 2025

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Feb.
2025

Revenue

$6,056,127

Expenses

$4,524,336

Net Income

$1,531,791

Net Assets

$41,311,161

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$53,315	0.9%
Interest Revenue	$0
Dividends	$858,979	14.2%
Sales of Assets	$5,143,833	84.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,111,732	90.9%
Compensation of Officers*	$386,250	8.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$41,311,161
Total Liabilities	$0
Net Assets	$41,311,161

Compensation

Key Employees and Officers	Compensation	Other
Jane Friedman (President)	$300,000	$0
Judith Kennedy (Vice President)	$45,000	$0
George Serrano (Secretary & Treasurer)	$45,000	$0
Michael Lehmann (Secretary & Treasurer)	$0	$0

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990-PF

Filed on June 30, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Feb.
2024

Revenue

$3,940,202

Expenses

$5,223,456

Net Income

-$1,283,254

Net Assets

$39,779,370

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$792,137	20.1%
Sales of Assets	$3,135,675	79.6%
Other Income	$12,390	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,893,897	93.7%
Compensation of Officers*	$390,000	7.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$39,779,370
Total Liabilities	$0
Net Assets	$39,779,370

Compensation

Key Employees and Officers	Compensation	Other
Jane Friedman (President)	$300,000	$0
Judith Kennedy (Vice President)	$45,000	$0
George Serrano (Secretary & Treasurer)	$45,000	$0

990-PF

Filed on July 3, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Feb.
2023

Revenue

$1,392,972

Expenses

$3,383,523

Net Income

-$1,990,551

Net Assets

$41,062,961

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$16	0.0%
Interest Revenue	$0
Dividends	$537,339	38.6%
Sales of Assets	$830,714	59.6%
Other Income	$24,903	1.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,003,978	88.8%
Compensation of Officers*	$390,000	11.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$41,062,961
Total Liabilities	$0
Net Assets	$41,062,961

Compensation

Key Employees and Officers	Compensation	Other
Jane Friedman (President)	$300,000	$0
Judith Kennedy (Vice President)	$45,000	$0
George Serrano (Secretary & Treasurer)	$45,000	$0

990-PF

Filed on Jan. 16, 2024

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Feb.
2022

Revenue

$5,114,921

Expenses

$4,883,877

Net Income

$231,044

Net Assets

$42,948,491

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$365,642	7.1%
Interest Revenue	$0
Dividends	$551,842	10.8%
Sales of Assets	$4,197,437	82.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,481,498	91.8%
Compensation of Officers*	$390,000	8.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$42,948,491
Total Liabilities	$0
Net Assets	$42,948,491

Compensation

Key Employees and Officers	Compensation	Other
Jane Friedman (President)	$300,000	$0
Judith Kennedy (Vice President)	$45,000	$0
George Serrano (Secretary & Treasurer)	$45,000	$0
Susan Thomases (Executive Vice President)	$0	$0
Mark Satlof (Vice President)	$0	$0

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990-PF

Filed on Jan. 17, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Feb.
2021

Revenue

$1,802,778

Expenses

$3,828,800

Net Income

-$2,026,022

Net Assets

$42,624,139

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$652,913	36.2%
Sales of Assets	$1,149,865	63.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,397,187	88.7%
Compensation of Officers*	$390,000	10.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$42,624,164
Total Liabilities	$25
Net Assets	$42,624,139

Compensation

Key Employees and Officers	Compensation	Other
Jane Friedman (President)	$300,000	$0
Judith Kennedy (Vice President)	$45,000	$0
George Serrano (Secretary & Treasurer)	$45,000	$0
Susan Thomases (Executive Vice President)	$0	$0
Mark Satlof (Vice President)	$0	$0

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990-PF

Filed on July 15, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Feb.
2020

Revenue

$11,885,915

Expenses

$3,296,955

Net Income

$8,588,960

Net Assets

$44,650,161

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$10,314,734	86.8%
Interest Revenue	$0
Dividends	$798,585	6.7%
Sales of Assets	$772,581	6.5%
Other Income	$15	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,880,562	87.4%
Compensation of Officers*	$416,250	12.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$44,650,295
Total Liabilities	$134
Net Assets	$44,650,161

Compensation

Key Employees and Officers	Compensation	Other
Jane Friedman (President)	$326,250	$0
Judith Kennedy (Vice President)	$45,000	$0
George Serrano (Secretary & Treasurer)	$45,000	$0
Dorothy Friedman (Director)	$0	$0
Susan Thomases (Executive Vice President)	$0	$0
Mark Satlof (Vice President)	$0	$0
Jennifer Gerson (Vice President)	$0	$0

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990-PF

Filed on Jan. 14, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Feb.
2019

Revenue

$5,150,513

Expenses

$3,188,003

Net Income

$1,962,510

Net Assets

$27,233,921

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,513,554	87.6%
Interest Revenue	$0
Dividends	$372,165	7.2%
Sales of Assets	$257,112	5.0%
Other Income	$7,682	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,983,803	93.6%
Compensation of Officers*	$135,000	4.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$27,292,246
Total Liabilities	$58,325
Net Assets	$27,233,921

Compensation

Key Employees and Officers	Compensation	Other
Jane Friedman (President)	$45,000	$0
Judith Kennedy (Vice President)	$45,000	$0
George Serrano (Secretary & Treasurer)	$45,000	$0
Dorothy Friedman (Director)	$0	$0
Susan Thomases (Executive Vice President)	$0	$0
Mark Satlof (Vice President)	$0	$0
Jennifer Gerson (Vice President)	$0	$0

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990-PF

Filed on Jan. 15, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Feb.
2018

Revenue

$15,634,817

Expenses

$6,886,460

Net Income

$8,748,357

Net Assets

$25,276,466

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$14,931,132	95.5%
Interest Revenue	$0
Dividends	$330,601	2.1%
Sales of Assets	$373,292	2.4%
Other Income	-$208

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,656,466	96.7%
Compensation of Officers*	$135,000	2.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$25,276,466
Total Liabilities	$0
Net Assets	$25,276,466

Compensation

Key Employees and Officers	Compensation	Other
Jane Friedman (President)	$45,000	$0
Judith Kennedy (Vice President)	$45,000	$0
George Serrano (Secretary & Treasurer)	$45,000	$0
Dorothy Friedman (Director)	$0	$0
Susan Thomases (Executive Vice President)	$0	$0
Mark Satlof (Vice President)	$0	$0
Jennifer Gerson (Vice President)	$0	$0

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990-PF

Filed on April 8, 2019

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Fiscal Year Ending Feb.
2017

Revenue

$1,764,974

Expenses

$3,249,796

Net Income

-$1,484,822

Net Assets

$16,528,096

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,199,550	68.0%
Interest Revenue	$0
Dividends	$344,832	19.5%
Sales of Assets	$220,371	12.5%
Other Income	$221	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,024,225	93.1%
Compensation of Officers*	$135,000	4.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,528,096
Total Liabilities	$0
Net Assets	$16,528,096

Compensation

Key Employees and Officers	Compensation	Other
Jane Friedman (President)	$45,000	$0
Judith Kennedy (Vice President)	$45,000	$0
George Serrano (Secretary & Treasurer)	$45,000	$0
Dorothy Friedman (Director)	$0	$0
Susan Thomases (Executive Vice President)	$0	$0
Mark Satlof (Vice President)	$0	$0
Jennifer Gerson (Vice President)	$0	$0

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990-PF

Filed on Jan. 16, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Feb.
2016

Revenue

$1,292,029

Expenses

$3,075,354

Net Income

-$1,783,325

Net Assets

$18,000,006

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$514,605	39.8%
Interest Revenue	$0
Dividends	$370,815	28.7%
Sales of Assets	$406,207	31.4%
Other Income	$402	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,838,797	92.3%
Compensation of Officers*	$135,000	4.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,000,006
Total Liabilities	$0
Net Assets	$18,000,006

Compensation

Key Employees and Officers	Compensation	Other
Jane Friedman (President)	$45,000	$0
Judith Kennedy (Vice President)	$45,000	$0
George Serrano (Secretary & Treasurer)	$45,000	$0
Dorothy Friedman (Director)	$0	$0
Susan Thomases (Executive Vice President)	$0	$0
Mark Satlof (Vice President)	$0	$0
Jennifer Gerson (Vice President)	$0	$0

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990-PF

Filed on Jan. 12, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Feb.
2015

Revenue

$1,148,452

Expenses

$5,267,805

Net Income

-$4,119,353

Net Assets

$19,363,207

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$444,312	38.7%
Sales of Assets	$704,056	61.3%
Other Income	$84	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,040,009	95.7%
Compensation of Officers*	$135,000	2.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$20,333,456
Total Liabilities	$970,249
Net Assets	$19,363,207

Compensation

Key Employees and Officers	Compensation	Other
Jane Friedman (President)	$45,000	$0
Judith Kennedy (Vice President)	$45,000	$0
Lewis Bernstein (Secretary & Treasurer)	$30,000	$0
George Serrano (Secretary & Treasurer)	$15,000	$0
Dorothy Friedman (Director)	$0	$0
Susan Thomases (Executive Vice President)	$0	$0
Mark Satlof (Vice President)	$0	$0
Jennifer Gerson (Vice President)	$0	$0

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990-PF

Filed on Jan. 12, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Feb.
2014

Revenue

$2,081,943

Expenses

$914,542

Net Income

$1,167,401

Net Assets

$23,482,577

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$570,599	27.4%
Sales of Assets	$1,511,344	72.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$677,951	74.1%
Compensation of Officers*	$135,000	14.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$23,482,577
Total Liabilities	$0
Net Assets	$23,482,577

Compensation

Key Employees and Officers	Compensation	Other
Jane Friedman (President)	$45,000	$0
Lewis Bernstein (Secretary & Treasurer)	$45,000	$0
Judith Kennedy (Vice President)	$45,000	$0
Dorothy Friedman (Director)	$0	$0
Susan Thomases (Executive Vice President)	$0	$0
Mark Satlof (Vice President)	$0	$0
Jennifer Gerson (Vice President)	$0	$0

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990-PF

Filed on Jan. 13, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Feb.
2013

Revenue

$1,974,220

Expenses

$3,234,417

Net Income

-$1,260,197

Net Assets

$22,311,890

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$577,617	29.3%
Sales of Assets	$1,396,603	70.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,981,791	92.2%
Compensation of Officers*	$135,000	4.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$22,311,890
Total Liabilities	$0
Net Assets	$22,311,890

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Feb.
2012

Revenue

$993,598

Expenses

$4,066,049

Net Income

-$3,072,451

Net Assets

$23,567,397

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$610,156	61.4%
Sales of Assets	$383,442	38.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,774,740	92.8%
Compensation of Officers*	$135,000	3.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$23,567,397
Total Liabilities	$0
Net Assets	$23,567,397

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Feb.
2011

Revenue

$1,280,176

Expenses

$463,230

Net Income

$816,946

Net Assets

$26,633,888

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$577,473	45.1%
Sales of Assets	$700,589	54.7%
Other Income	$2,114	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$153,242	33.1%
Compensation of Officers*	$135,000	29.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$26,633,888
Total Liabilities	$0
Net Assets	$26,633,888

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Updated September 25, 2025

Gerald J & Dorothy R Friedman N Y Foundation For Medical Research

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $6.06M (2025)

Expenses $4.52M (2025)

Total Assets $41.3M (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending Feb. 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$6.06M (2025)

Expenses

$4.52M (2025)

Total Assets

$41.3M (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending Feb.
2025

Fiscal Year Ending Feb.
2024

Fiscal Year Ending Feb.
2023

Fiscal Year Ending Feb.
2022

Fiscal Year Ending Feb.
2021

Fiscal Year Ending Feb.
2020

Fiscal Year Ending Feb.
2019

Fiscal Year Ending Feb.
2018

Fiscal Year Ending Feb.
2017

Fiscal Year Ending Feb.
2016

Fiscal Year Ending Feb.
2015

Fiscal Year Ending Feb.
2014

Fiscal Year Ending Feb.
2013

Fiscal Year Ending Feb.
2012

Fiscal Year Ending Feb.
2011

Fiscal Year Ending Feb.
2010

Fiscal Year Ending Feb.
2009

Fiscal Year Ending Feb.
2008

Fiscal Year Ending Feb.
2007

Fiscal Year Ending Feb.
2006

Fiscal Year Ending Feb.
2005

Fiscal Year Ending Feb.
2004

Fiscal Year Ending Feb.
2003

Fiscal Year Ending Feb.
2002