Multiple Sclerosis Foundation INC EIN 59-2792934

Multiple Sclerosis Foundation INC

EIN  59-2792934 Public charity (501(c)(3)) Ft Lauderdale, FL
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/26/26 · see original filing: IRS
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Size
$1–10M
What they do
Offers programs and support services for people affected by Multiple Sclerosis.
Leadership
Karen Minnis · Co-Executive Director · $133K
Money in and out
$4.1M revenue, $5.0M expenses
Bottom line
54% program efficiency

Offers programs and support services for people affected by Multiple Sclerosis. For fiscal year 2024 it reported $4.1M in revenue, $5.0M in expenses, and $6.2M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$4.1M
Pt VIII · Ln 12
Total expenses
$5.0M
Pt IX · Ln 25
Net assets
$6.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$943K
Where spending went · Part IX cols B–D
Program services $0.54 Management & general $0.19 Fundraising $0.27
Program efficiency
54%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
10.4mo
months of highly liquid reserves at operating expense rate▼ -17% vs prior filing year
Surplus margin
-23%
revenue over expenses, this year▼ -168% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$4.1M
FY2024▼ -15%
Expenses
$5.0M
FY2024▼ -4%
Total assets
$7.2M
FY2024▼ -10%
Total liabilities
$1.0M
FY2024▼ -10%
Total revenue
$4.1M
Pt VIII · Ln 12
Total expenses
$5.0M
Pt IX · Ln 25
Net assets
$6.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$943K
Total assetsPt X · Ln 16$7.2M
Program-expense ratioPt IX · col B54%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $753K of program spending, described in the organization's own filed words · FY2024.
01

Assistive technology programsee schedule o

$284Kprogram expense
02

Transportation programsee schedule o

$260Kprogram expense
03

Home care grant programsee schedule o

$209Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMultiple Sclerosis Foundation INC
EINHdr · item D59-2792934
Principal addressHdr · item CFt Lauderdale, FL
WebsiteHdr · item Jwww.msfocus.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFOct 1988

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Co-Executive Director
$133,185Pt VII · Sec A
Co-Executive Director
$129,578Pt VII · Sec A
Secretary - Director
$0Pt VII · Sec A
Treasurer - Director
$0Pt VII · Sec A
President - Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Alan Segaloff$207,208$198,935
Karen Minnis$133,185$112,184$106,227
Natalie Blake$129,578$111,607$99,765

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$3.9M · 95%
Investment income$199K · 5%
Contributions & grants95%$3.9M
Investment income5%$199K
Total revenueLn 12$4.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.54 Management & general $0.19 Fundraising $0.27
Program services54%$2.7M
Management & general19%$969K
Fundraising27%$1.4M
Total functional expensesLn 25$5.0M

Balance Sheet

Part X · end of year
CashLn 1$1.2M
Total assetsLn 16$7.2M
Total liabilitiesLn 26$1.0M
Total net assetsLn 32$6.2M
Months of cash on handcomputed2.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.4M · Operating expenses/yr $5.0M
10.4 months
Where the money goes
Program services
Program services $2.7M · Total expenses $5.0M
54%
Management & General
Management & general $969K · Total expenses $5.0M
19%
Fundraising
Fundraising $1.4M · Total expenses $5.0M
27%
Cost to raise $1
Fundraising expense (3-yr avg) $1.3M · Solicited contributions (3-yr avg) $4.0M
$0.32 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $3.9M · Total revenue $4.1M
95%
Government reliance
Government grants — · Total revenue $4.1M
Earned-income share
Program service revenue $0 · Total revenue $4.1M
0%
Investment reliance
Investment income $199K · Total revenue $4.1M
+5%
Program self-sufficiency
Program service revenue $0 · Total expenses $5.0M
0%
Growth & trend
Revenue growth (YoY)
This year $4.1M · Prior year $4.8M
-15%
Revenue CAGR
FY2020 $5.2M · FY2024 $4.1M
-6%
Net-asset trend (YoY)
End of year $6.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.1M · Expenses $5.0M
-23%
Liabilities-to-Assets
Total liabilities — · Total assets $7.2M
Net-asset ratio
Net assets $6.2M · Total assets $7.2M
86%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $3.2M · Total assets (Pt X, ln 16) $7.2M
44%
People & payroll
Highest Reported Total Compensation
Individual Karen Minnis · Reported title CO-EXECUTIVE DIRECTOR · Highest reported compensation $133K · Total expenses $5.0M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.6M · Total expenses $5.0M
51%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 54%
Overhead ratio 19%
Fundraising cost ratio 35%
Revenue growth -15%
Legal fee ratio 0%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Weld FoundationFY2025$12K
Total grants receivedfrom 2 funders$13K
Grants paid · 71 grants · $2.7M · 2020–2024
Unitemized GrantFY2024$73,065
Unitemized GrantFY2024$66,793
Unitemized GrantFY2024$53,866
Unitemized GrantFY2024$48,757
Unitemized GrantFY2024$48,500
Unitemized GrantFY2024$30,221
We Are IllGA · FY2024$20,000
Western Kentucky UniversityKY · FY2024$17,667
Unitemized GrantFY2024$15,221
Mercy FoundationCA · FY2024$15,000
Boston Home INCMA · FY2024$15,000
Unitemized GrantFY2024$13,254
The Ohio State UniversityNY · FY2024$12,917
Independence Care System INCNY · FY2024$11,667
Miami Valley HospitalOH · FY2024$8,379
See all 71 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$4.1M revenue · viewing · ⤓ 990 PDF
FY2023$4.8M revenue · ⤓ 990 PDF
FY2022$3.5M revenue · ⤓ 990 PDF
FY2021$5.6M revenue · ⤓ 990 PDF
FY2020$5.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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