Compensation 990

Maimonides Research & Development Foundation

Fiscal year ending 2024. Filed on November 7, 2025.

4802 Tenth Avenue
Brooklyn, New York 11219

Maimonides Research & Development Foundation (EIN: 11-2608229) has filed an IRS Form 990 since fiscal year 2018. In its fiscal year 2024 IRS Form 990 filing, Maimonides Research & Development Foundation, a 501(c)(3) charitable organization, reported compensation for 14 employees. Among the employees shown here, the average compensation is $865,407. The highest compensated employee at Maimonides Research & Development Foundation is Patrick Borgen, M.D. with fiscal year 2024 compensation of $2,058,300.

Revenue, expenses, and employee compensation

Revenue

$907,096

Expenses

$980,709

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋0.1%vs 2023
Patrick Borgen, M.D.
President/Medical Director
$2,058,300
$0 from org$1,992,061 from related$66,239 other
－2.8%vs 2023
Kenneth Gibbs
Director
$1,815,127
$0 from org$1,757,557 from related$57,570 other
＋29.6%vs 2023
John Marshall, M.D.
Director
$1,490,856
$0 from org$1,423,434 from related$67,422 other
－12.7%vs 2023
Laurie Weinstein
Secretary
$1,146,126
$0 from org$1,088,707 from related$57,419 other
－2.7%vs 2023
David Cohen, M.D.
Director
$984,934
$0 from org$939,922 from related$45,012 other
＋4.7%vs 2023
Afshin Razi, M.D.
Director
$756,347
$0 from org$687,968 from related$68,379 other
＋11.8%vs 2023
Jeffrey Avner, M.D.
Director
$723,852
$0 from org$670,596 from related$53,256 other
＋6.9%vs 2023
Ariel Schulman, M.D.
Director
$614,512
$0 from org$582,931 from related$31,581 other
New in 2024
Sergey Motov, M.D.
Director
$500,885
$0 from org$435,156 from related$65,729 other
－42.6%vs 2023
Anthony Kalloo, M.D.
Director THRU 12/24
$495,818
$0 from org$469,013 from related$26,805 other
－4.4%vs 2023
Monica Ghitan, M.D.
Director THRU 6/24
$394,941
$0 from org$355,036 from related$39,905 other
＋5.9%vs 2023
Edmund Schmidt
Director
$380,267
$0 from org$354,215 from related$26,052 other

Non-Employee Board Members

Chaskel Rosenberg
Director
Donna Astion, M.D.
Treasurer
Marvin Eisenstadt
Director THRU 12/24
Robert MacHinist
Vice President
Steven Eisenstadt
Chair

Mission Statement

MAIMONIDES RESEARCH AND DEVELOPMENT FOUNDATION WAS ESTABLISHED EXCLUSIVELY FOR THE EDUCATIONAL, SCIENTIFIC, MEDICAL AND CHARITABLE PURPOSES CARRIED ON BY MAIMONIDES MEDICAL CENTER.

Revisions to this organization profile

November 7, 2025:
2024 Maimonides Research & Development Foundation 990 filed
November 5, 2024:
2023 Maimonides Research & Development Foundation 990 filed
November 13, 2023:
2022 Maimonides Research & Development Foundation 990 filed

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