Angiogenesis Foundation INC

Tax-deductible

Cambridge, MA501(c)(3)Diseases & DisordersEIN 04-3266422

To improve global health by advancing angiogenesis-based medicine, diet, and lifestyle. Goals: 1) advance modern medicine by championing a new approach to conquering disease. 2) help people lead longer healthier lives. 3) transform the way society views health and disease through public awareness and advocacy, and research on evidence-based disease prevention and intervention.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Run by 12 volunteers and 12 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $248K a year · 16% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$677K
to officers and key staff · 40% of spending
Top officer’s pay higher than 90% of similar orgs
Concern: pay to officers and key staff is 40% of spending; over 30%.
Pt VII · Sec A
Cash reserves
19 mo
of spending, in cash
Looks good: 19.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$465K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 13 voting members
Looks good: 11 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.1M
+35% vs prior year
Spent
$1.7M
To programs
88%
Net assets
$2.3M
By yearFY2020–FY2025
Revenue
$3.1M
FY2025▲ +35%
Revenue by fiscal year
FY2020$1.1M
FY2021$643K
FY2022$1.2M
FY2023$959K
FY2024$2.3M
FY2025$3.1M
Expenses
$1.7M
FY2025▲ +39%
Expenses by fiscal year
FY2020$1.7M
FY2021$1.1M
FY2022$1.1M
FY2023$1.1M
FY2024$1.2M
FY2025$1.7M
Net assets
$2.3M
FY2025▲ +163%
Net assets by fiscal year
FY2020$294K
FY2021−$135K
FY2022$2K
FY2023−$173K
FY2024$879K
FY2025$2.3M

From the FY2025 Form 990 (year ending March 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $1.5M Management & general 7% · $113K Fundraising 6% · $96K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

14 people listed on the 990; $677K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President, Medical Director
$279,168Pt VII · Sec A
COO, Sci Director, Treasurer
$232,520Pt VII · Sec A
Director of Operations
$165,000Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

William W Li MD’s $279K as President, Medical Director is at the 90th percentile of top reported officer pay among 733 $1–10M diseases & disorders nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Vincent W Li MD MBA$232,520$230,823$230,991$231,823—$321,006
William W Li MD$279,168$276,067$276,773$278,068$276,068$273,019
Maria Aufiero$165,000$142,885$140,000$140,000$140,000$119,212

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advances medicine, diet, and lifestyle for longer, healthier lives through research and public awareness.

Provided by the organization

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3 program services account for $1.3M of program spending, described in the organization's own filed words · FY2024.
01

Be the trusted information resource for the public on new developments in health and disease management.

$650Kprogram expense
02

Advance the field of angiogenesis, treatments, and prevention through research.

$370Kprogram expense
03

Promote innovation, development, and widespread adoption of transformative health solutions for prevention and intervention.

$243Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$3.1M
Ln 12
Gifts and grantsLn 1h$3.0M
Investment incomeLn 3$66K
Fees for servicesLn 2g$12K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.5M
Managementcol C$113K
Fundraisingcol D$96K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$2.7M
Total assetsLn 16$2.8M
LiabilitiesLn 26$465K
PeoplePt VI, VII
14
listed · VII A
PaidVII A3
Voting boardVI 1a13
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.0M
Fees for servicesLn 2g$12K
Investment incomeLn 3$66K
Other incomeLn 4–11$9K
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
CashLn 1$103K
SavingsLn 2$2.6M
Cash and savings togetherLn 1–2$2.7M
Land, buildings, equipmentLn 10c$7K
Total assetsLn 16$2.8M
LiabilitiesLn 26$465K
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 512
VolunteersI 612
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$731K$2.7M
Land, buildings, equipmentLn 10c$4K$7K
Total assetsLn 16$1.3M$2.8M
LiabilitiesLn 26$465K$465K
Net assetsLn 32$879K$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$624K$560K$12K$52K
Other salaries and wagesLn 7$277K$218K$38K$22K
Pension plan contributionsLn 8$6K$6K
Other employee benefitsLn 9$4K$4K$145
Payroll taxesLn 10$54K$54K
Accounting feesLn 11c$35K$29K$2K$3K
Other fees for servicesLn 11g$108K$103K$903$4K
Advertising and promotionLn 12$111K$111K
Office expensesLn 13$9K$7K$349$2K
Information technologyLn 14$84K$80K$2K$2K
OccupancyLn 16$33K$31K$1K$1K
TravelLn 17$106K$99K$34$8K
Conferences, conventions and meetingsLn 19$37K$35K$300$2K
InterestLn 20$21K$21K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$6K$5K$580
Other expenses (24a–d)Ln 24$165K$132K$33K
Total functional expensesLn 25$1.7M$1.5M$113K$96K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $3.1M$1.7M$1.4M$2.3M 990 PDF
FY2024 $2.3M$1.2M$1.1M$879K 990 PDF
FY2023 $959K$1.1M−$167K−$173K 990 PDF
FY2022 $1.2M$1.1M$139K$2K 990 PDF
FY2021 $643K$1.1M−$429K−$135K 990 PDF
FY2020 $1.1M$1.7M−$564K$294K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $3,105,155 across 6 lines filed
VIII-1f All other contributions, gifts and grants$3,018,518
VIII-1h Total contributions, gifts and grants$3,018,518
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,500$11,500
VIII-3 Investment incomeExcluded from tax $66,304$66,304
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,833$8,833
VIII-12 Total revenueRelated to mission $20,333 · Unrelated business $0 · Excluded from tax $66,304$3,105,155
Part IX · Statement of functional expenses $1,684,387 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $560,256 · Management $11,750 · Fundraising $51,631$623,637
IX-7 Other salaries and wagesPrograms $218,149 · Management $37,674 · Fundraising $21,505$277,328
IX-8 Pension plan contributionsPrograms $6,476$6,476
IX-9 Other employee benefitsPrograms $3,907 · Management $145$4,052
IX-10 Payroll taxesPrograms $54,461$54,461
IX-11c Accounting feesPrograms $29,453 · Management $1,733 · Fundraising $3,465$34,651
IX-11g Other fees for servicesPrograms $102,906 · Management $903 · Fundraising $3,909$107,718
IX-12 Advertising and promotionPrograms $110,622$110,622
IX-13 Office expensesPrograms $7,011 · Management $349 · Fundraising $1,725$9,085
IX-14 Information technologyPrograms $80,499 · Management $1,641 · Fundraising $2,353$84,493
IX-16 OccupancyPrograms $30,508 · Management $1,477 · Fundraising $1,087$33,072
IX-17 TravelPrograms $98,641 · Management $34 · Fundraising $7,641$106,316
IX-19 Conferences, conventions and meetingsPrograms $34,890 · Management $300 · Fundraising $1,884$37,074
IX-20 InterestManagement $20,926$20,926
IX-22 Depreciation, depletion and amortizationManagement $3,503$3,503
IX-23 InsurancePrograms $5,476 · Fundraising $580$6,056
IX-24 Other expenses (24a–d)Programs $132,112 · Management $32,805$164,917
IX-25 Total functional expensesPrograms $1,475,367 · Management $113,240 · Fundraising $95,780$1,684,387
Part X · Balance sheet $2,773,217 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $51,368$103,344
X-2 Savings and temporary cash investmentsStart of year $679,904$2,603,662
X-4 Accounts receivableStart of year $3,348$47,700
X-9 Prepaid expenses and deferred chargesStart of year $575$11,224
X-10c Land, buildings and equipment, netStart of year $3,993$7,287
X-16 Total assetsStart of year $1,344,088$2,773,217
X-17 Accounts payable and accrued expensesStart of year $210,963$217,090
X-26 Total liabilitiesStart of year $464,675$464,574
X-27 Net assets without donor restrictionsStart of year $879,413$2,308,643
X-32 Total net assets or fund balancesStart of year $879,413$2,308,643
X-33 Total liabilities and net assetsStart of year $1,344,088$2,773,217
Part XI · Reconciliation of net assets $2,308,643 net assets at year end
XI-1 Total revenue$3,105,155
XI-2 Total expenses$1,684,387
XI-3 Revenue less expenses$1,420,768
XI-4 Net assets at start of year$879,413
XI-5 Net unrealized gains (losses) on investments$8,462
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,308,643

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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