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Friends Research Institute Inc

Public charity · Grantmaker Baltimore, MD EIN: 52-0701445 Website

Friends Research Institute Inc. is a Baltimore, Maryland–based public charity, formed in 1955. Its mission is to advance innovative research that promotes health and well-being. Its work includes research on medical, mental-health, and drug-related topics, as well as grants administration for research projects.

Key facts about Friends Research Institute Inc

In short: Friends Research Institute Inc gave $2.4M across 12 grants in 2025 (avg $197K), top state New York. Source: 2025 IRS Form 990.

EIN
52-0701445
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$2,367,687
Grants made (2025)
12
Average grant
$197,307
Median grant
$191,852
Total assets
$8,483,431
Primary geography
New York (45% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$8.5M

+5.4% YoY

Annual Giving

$2.4M

+305.9% YoY

Grant Count

12

+9.1% YoY

Avg Grant Size

$197K

+272.0% YoY

How Friends Research Institute Inc gives

  • 50% of 2025 grantees were also funded in 2024. Method

Estimate from itemized grant lists in IRS Form 990 filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

Friends Research Institute states that it is dedicated to “advancing innovative research to promote health and well-being.” Its history includes research on serious and persistent mental illness, and its 2024 filing describes medical, mental-health, and drug-abuse research studies, as well as studies of the effects of different drugs.

The 2025 filing lists 12 grants, each designated for a research study. Recipients included universities, medical colleges, research organizations, and health-service organizations. Among the recipients described in their own words, Thomas Jefferson University says it is a comprehensive university focused on education, research and discovery across fields including health, medicine and science. New York University describes its primary missions as education, research and scholarship, and patient care. Emory University says its mission is to create, preserve, teach and apply knowledge in the service of humanity.

Grantmaking

In filing year 2025, the institute reported 12 grants totaling $2,367,687. Grant amounts ranged from $20,430 to $524,875, with a median of $191,852. The largest awards included $524,875 to Weill Cornell Medical College for a research study, $412,948 to Maryland Treatment Centers Inc. for a research study, and $239,830 to RTI International for a research study. Other notable awards were $221,657 to Thomas Jefferson University and $200,504 to New York University, both for research studies.

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Geographic Focus

Where this funder awards grants

The institute is based in Baltimore, Maryland. For 2025 grants, reported shares of grant dollars by recipient state were New York 45%, Maryland 25%, North Carolina 10%, Pennsylvania 9%, and Texas 6%. The listed recipients also included organizations in California and Georgia.

Grant Distribution by State

8states

Share of 2025 grant dollars across all 12 itemized grants.

Cities

BaltimoreDurhamAtlantaIthacaLos AngelesMenandsNew YorkLewisvillePhiladelphiaRockvilleSan FranciscoWashington

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$2M$3M0 grants2019 0 grants2020 0 grants2021 0 grants2022 0 grants2023 11 grants2024 12 grants2025

From 2024 to 2025, annual grant giving ranged from $583K (2024) to $2.4M (2025). In 2025 it made 12 grants totaling $2.4M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Weill Cornell Medical College: $525KWeill Cornell Medical College$525KMaryland Treatment Centers Inc: $413KMaryland Treatment Centers Inc$413KRTI International: $240KRTI International$240KThomas Jefferson University: $222KThomas Jefferson University$222KColumbia University: $219KColumbia University$219KNew York University: $201KNew York University$201KUniversity of Maryland-Baltimore: $183KUniversity ofMaryland-Baltimore$183KBaymark Health Services: $147KBaymark Health Services$147KResearch Foundation for Mental Hygiene Inc: $125KResearch Foundation for MentalHygiene Inc$125KThe Regents of University of California Los Angeles: $53KThe Regents of University ofCalifornia Los Angeles$53K

The largest 2025 recipient was Weill Cornell Medical College ($525K). Together the top 10 received $2.3M.

Grant Size Distribution

23 grants across all recorded years

8<$50K4$50–100K9$100–250K1$250–500K1$500K–1M$1–5M$5M+

The most common grant size was in the $100–250K range: 9 grants of 23 (39%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Weill Cornell Medical College Ithaca, NYResearch Study$524,875
Maryland Treatment Centers Inc Baltimore, MDResearch Study$412,948
RTI International Durham, NCResearch Study$239,830
Thomas Jefferson University Philadelphia, PAResearch Study$221,657
Columbia University New York, NYResearch Study$219,294
New York University New York, NYResearch Study$200,504
University of Maryland-Baltimore Baltimore, MDResearch Study$183,199
Baymark Health Services Lewisville, TXResearch Study$147,093
Research Foundation for Mental Hygiene Inc Menands, NYResearch Study$124,913
The Regents of University of California Los Angeles Los Angeles, CAResearch Study$52,500

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants reported
2025 $8,483,431 $11,786,193 $10,462,035 $2,367,687 (12 grants)
2024 $8,050,902 $10,185,535 $10,313,209 $583,389 (11 grants)
2023 $6,513,614 $10,784,781 $10,418,142 0 grants
Revenue
Expenses
Net Investment Income
$0$5M$10M$15M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$8,483,431$8,050,902$6,513,614
Revenue$11,786,193$10,185,535$10,784,781
Expenses$10,462,035$10,313,209$10,418,142
Net Investment Income$177,251$125,098$136,361

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2024 (received by the IRS April 10, 2025)
  2. Added Form 990 for fiscal year 2025 (received by the IRS May 12, 2026)
  3. Added Form 990 for fiscal year 2019 (received by the IRS February 5, 2020)
  4. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2025 filing lists Robert G. Rassp, Esq., as chairman; Curtis L. Decker, JD, as vice chairman; Timothy A. Redmond, CPA, as treasurer; and Faith S. Feingold, MS, LCSW-C, as secretary. Directors listed were Carmine G. D’Alessandro, JD; Sheldon Glass, MD; Wallace B. Pickworth, PhD; Jennifer C. Jordan, JD, MSCC; Steven Williams, PhD, SPHR; and Janet Klein Brown, MSW, JD.

Friends Research Institute Inc is led by Steven Bcarswell, President since 2025 (on filings since 2019); 9 of 20 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Steven Bcarswell

    President

    Vice President → President, 2025

    On filings since 2019

    18 hrs/week

    $142K (2019) → $63K (2025)

  • Robert G. Rassp Esq.

    Chairman

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Mishka Terplan

    Medical Director

    On filings since 2022

    40 hrs/week

    $134K (2022) → $214K (2025)

  • Sheldon Glass Med MD

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Steven Williams Phd Sphr

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Wallace B. Pickworth PhD

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Janet Klein Brown Msw JD

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Carmine G. D'alessandro JD

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Jennifer C. Jordan Jd Mscc

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Clem Mueller CPA

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Cathy Reback

    Snr Research Scientist

    On filings since 2019

    40 hrs/week

    $188K (2019) → $175K (2025)

  • Frank Vocci

    Snr Research Scientist

    President → Snr Research Scientist, 2025

    On filings since 2019

    40 hrs/week

    $242K (2019) → $250K (2025)

  • Jan Gryczynski

    Vice President

    Snr Research Scientist → Vice President, 2025

    On filings since 2019

    40 hrs/week

    $180K (2019) → $228K (2025)

  • Michael Gordon

    Snr Research Scientist

    Research Scientist → Snr Research Scientist, 2020

    On filings since 2019

    40 hrs/week

    $162K (2019) → $232K (2025)

  • Michele L. Hipsley

    Chief Operating Officer

    On filings since 2019

    40 hrs/week

    $143K (2019) → $197K (2025)

  • Shannon Mitchell

    Snr Research Scientist

    Research Scientist → Snr Research Scientist, 2020

    On filings since 2019

    40 hrs/week

    $185K (2019) → $199K (2025)

  • Babak Tofighi

    Snr Research Scientist

    New on the 2025 filing

    40 hrs/week

    $175K (2025)

  • Curtis L. Decker JD

    Vice Chairman

    On filings since 2019

    1 hr/week

    No compensation reported

  • Faith S. Feingold Ms Lcsw-C

    Secretary

    On filings since 2019

    1 hr/week

    No compensation reported

  • Timothy A. Redmond CPA

    Treasurer

    On filings since 2020

    2 hrs/week

    No compensation reported

Former officers (7)
  • Former: Karli Hochstatter (2024) — Research Scientist
  • Former: Charles O'Keeffe (2019–2023) — Director
  • Former: Robert Pschwartz (2019–2023) — Snr Research Scientist
  • Former: Jennifer Jordan Roth Esq. (2019–2021) — Director
  • Former: Jesse Fletcher (2021) — Research Scientist
  • Former: Paul W. Pfotenhauer (2019) — Treasurer
  • Former: Susan Tangires (2019) — Director - Epoch

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Frank Vocci — SNR Research Scientist: $250KFrank VocciSNR Research Scientist$250KMichael Gordon — SNR Research Scientist: $232KMichael GordonSNR Research Scientist$232KJan Gryczynski — Vice President: $228KJan GryczynskiVice President$228KMishka Terplan — Medical Director: $214KMishka TerplanMedical Director$214KShannon Mitchell — SNR Research Scientist: $199KShannon MitchellSNR Research Scientist$199KMichele L Hipsley — Chief Operating Officer: $197KMichele L HipsleyChief Operating Officer$197KBabak Tofighi — SNR Research Scientist: $175KBabak TofighiSNR Research Scientist$175KCathy Reback — SNR Research Scientist: $175KCathy RebackSNR Research Scientist$175KSteven Bcarswell — President: $63KSteven BcarswellPresident$63K

The highest reported compensation on the 2025 filing was $250K, to Frank Vocci (SNR Research Scientist). 9 officers or directors reported compensation on that filing.

Contact

Mailing address: 1040 Park Avenue Suite 103, Baltimore, MD 21201
Phone: (410) 837-3977
Website: https://friendsresearch.org

Frequently asked questions about Friends Research Institute Inc

How much does Friends Research Institute Inc give each year?

Friends Research Institute Inc gave $2.4M across 12 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $583K across 11 grants.

What is Friends Research Institute Inc's typical grant size?

Friends Research Institute Inc's median grant in 2025 was $191,852, and its average grant was $197,307, across 12 grants on its 2025 IRS Form 990.

Where does Friends Research Institute Inc give grants?

Friends Research Institute Inc's top state is New York, with 45% of the grant dollars itemized on its 2025 IRS Form 990. The next largest states were Maryland (25%) and North Carolina (10%). The most frequent recipient cities were Baltimore, MD (2 grants) and New York, NY (2 grants).

Does Friends Research Institute Inc give general operating support?

Not in 2025: none of the 12 grants with a stated purpose on Friends Research Institute Inc's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Research Study" (12 grants).

Who are Friends Research Institute Inc's largest grantees?

Friends Research Institute Inc's largest 2025 grantees include Weill Cornell Medical College ($524,875), Maryland Treatment Centers Inc ($412,948) and RTI International ($239,830), according to its 2025 IRS Form 990. Together they received 50% of its itemized 2025 grant dollars.

How large is Friends Research Institute Inc?

Friends Research Institute Inc reported $8.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $11.8M.

What does Friends Research Institute Inc fund?

Friends Research Institute states that it is dedicated to “advancing innovative research to promote health and well-being.” See mission & focus areas ↑

How do I apply for a grant from Friends Research Institute Inc?

Friends Research Institute Inc has no public application process in the sources Grantable reviewed. Check friendsresearch.org for current guidelines, or contact the foundation directly before submitting a request.

What is Friends Research Institute Inc's EIN?

Friends Research Institute Inc's EIN (Employer Identification Number) is 52-0701445. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.

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