Cure Duchenne FY2022 filing

Tax-deductible

Mission Viejo, CA501(c)(3)Medical ResearchEIN 20-0299958

Coordinating and funding research necessary to find a cure for duchenne muscular dystrophy. Also, improving the care and health of duchenne muscular distrophy patients.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$1.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $2.8M a year · 51% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 11.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$311K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 12 voting members
Looks good: 10 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.8M
+6% vs prior year
Spent
$9.0M
To programs
75%
Net assets
$28.1M
By yearFY2020–FY2024
Revenue
$5.8M
FY2022▲ +6%
Revenue by fiscal year
FY2020$5.3M
FY2021$5.4M
FY2022$5.8M
FY2023$7.4M
FY2024$3.9M
Expenses
$9.0M
FY2022▲ +18%
Expenses by fiscal year
FY2020$6.0M
FY2021$7.6M
FY2022$9.0M
FY2023$10.2M
FY2024$9.2M
Net assets
$28.1M
FY2022▼ -14%
Net assets by fiscal year
FY2020$40.5M
FY2021$32.8M
FY2022$28.1M
FY2023$26.8M
FY2024$30.7M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2004.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $6.7M Management & general 13% · $1.2M Fundraising 12% · $1.1M

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

Who runs it and what they're paid

18 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation
Former Chief of Staff
$211,308Pt VII · Sec A
Vice President of Research
$196,917Pt VII · Sec A
Chief Scientific Officer
$175,000Pt VII · Sec A
Finance Director
$170,833Pt VII · Sec A
Senior Director of Clinical Development
$156,821Pt VII · Sec A
President & CEO
$151,305Pt VII · Sec A
Former Partner with Cureduchenne Ventures
$151,231Pt VII · Sec A
Director
$0Pt VII · Sec A

Laura Hameed’s $243K as Executive Director is at the 74th percentile of top reported officer pay among 360 $1–10M medical research 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Laura Hameed$243,077————
Michael Kelly$235,000$225,000$175,000——
Lianna Orlando$213,873$225,000$196,917$180,875$174,867
Heather Medlin$198,846$220,141$156,821——
Kent Mora—$151,051$211,308——
Kathlene Balisy$190,000$175,000$170,833$153,958—
Ryan Meardon—$183,333———
Joann Kemp———$175,875—

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.

See Cure Duchenne executive salaries →

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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

Funds research and improves care for Duchenne muscular dystrophy patients.

Provided by the organization

This section is blank until Cure Duchenne claims this page.

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1 program service account for $6.7M of program spending, described in the organization's own filed words · FY2022.
01

Cure duchenne was organized in 2003 with the mission to fund research necessary to find a cure for duchenne muscular dystrophy patients, and improving the care and health of duchenne muscular dystrophy patients.

$6.7Mprogram 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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$25K
Grants paid · 14 grants · $1.9M · 2020–2024
Analysis GroupFY2023$40,000
University of MissouriFY2021$50,000
University of Massachusetts Medical SchoolFY2021$15,000
University of Massachusetts Medical SchoolFY2020$68,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$5.8M
Ln 12
Other incomeLn 4–11$3.2M
Gifts and grantsLn 1h$2.4M
Investment incomeLn 3$148K
Money outPt IX
$9.0M
Ln 25
Programscol B$6.7M
Managementcol C$1.2M
Fundraisingcol D$1.1M
Owns and owesPt X
$28.1M
net assets · Ln 32
Cash and savingsLn 1–2$8.4M
Total assetsLn 16$28.4M
LiabilitiesLn 26$311K
PeoplePt VI, VII
18
listed · VII A
PaidVII A7
Voting boardVI 1a12
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Fundraising eventsLn 1c$1.5M
Investment incomeLn 3$148K
Other incomeLn 4–11$3.2M
Gains on assetsLn 7−$215K
Total revenueLn 12$5.8M
Assets in detailPt X, end of year
CashLn 1$8.4M
Cash and savings togetherLn 1–2$8.4M
InvestmentsLn 11–13$19.5M
Land, buildings, equipmentLn 10c$16K
Other assetsLn 15$469K
Total assetsLn 16$28.4M
LiabilitiesLn 26$311K
Net assetsLn 32$28.1M
OperationsPt I, VI
EmployeesI 530
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$13.4M$8.4M
InvestmentsLn 11–13$19.6M$19.5M
Land, buildings, equipmentLn 10c$0$16K
Total assetsLn 16$33.2M$28.4M
LiabilitiesLn 26$310K$311K
Net assetsLn 32$32.8M$28.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$330K$330K
Pay of current officers, directors and key staffLn 5$1.2M$1.1M$15K$68K
Other salaries and wagesLn 7$2.2M$1.4M$326K$474K
Other employee benefitsLn 9$203K$163K$20$40K
Payroll taxesLn 10$258K$190K$20K$48K
Legal feesLn 11b$20K$5K$12K$3K
Accounting feesLn 11c$46K$13K$29K$3K
Other fees for servicesLn 11g$243K$160K$17K$65K
Office expensesLn 13$181K$14K$165K$2K
Information technologyLn 14$230K$89K$118K$22K
OccupancyLn 16$385K$309K$15K$61K
TravelLn 17$409K$250K$110K$50K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$60K$33K$13K$14K
Other expenses (24a–d)Ln 24$3.0M$2.6M$252K$165K
All other expensesLn 24e$264K$109K$105K$50K
Total functional expensesLn 25$9.0M$6.7M$1.2M$1.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.9M$9.2M−$5.2M$30.7M 990 PDF
FY2023 $7.4M$10.2M−$2.9M$26.8M 990 PDF
FY2022 Viewing $5.8M$9.0M−$3.3M$28.1M 990 PDF
FY2021 $5.4M$7.6M−$2.2M$32.8M 990 PDF
FY2020 $5.3M$6.0M−$628K$40.5M 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $5,751,368 across 8 lines filed
VIII-1c Fundraising events$1,450,872
VIII-1f All other contributions, gifts and grants$978,714
VIII-1h Total contributions, gifts and grants$2,429,586
VIII-3 Investment incomeRelated to mission $362,715$362,715
VIII-7 Net gain or loss on sales of assetsRelated to mission −$215,059−$215,059
VIII-8 Net income from fundraising eventsExcluded from tax $3,207,054$3,207,054
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$32,928−$32,928
VIII-12 Total revenueRelated to mission $114,728 · Unrelated business $0 · Excluded from tax $3,207,054$5,751,368
Part IX · Statement of functional expenses $9,005,616 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $330,000$330,000
IX-5 Pay of current officers, directors and key staffPrograms $1,132,599 · Management $15,211 · Fundraising $68,312$1,216,122
IX-7 Other salaries and wagesPrograms $1,373,482 · Management $326,427 · Fundraising $474,329$2,174,238
IX-9 Other employee benefitsPrograms $163,035 · Management $20 · Fundraising $39,979$203,034
IX-10 Payroll taxesPrograms $189,637 · Management $20,226 · Fundraising $48,400$258,263
IX-11b Legal feesPrograms $5,083 · Management $11,927 · Fundraising $2,787$19,797
IX-11c Accounting feesPrograms $13,470 · Management $29,001 · Fundraising $3,230$45,701
IX-11g Other fees for servicesPrograms $160,200 · Management $17,478 · Fundraising $64,981$242,659
IX-13 Office expensesPrograms $13,514 · Management $165,278 · Fundraising $1,906$180,698
IX-14 Information technologyPrograms $89,322 · Management $117,985 · Fundraising $22,268$229,575
IX-16 OccupancyPrograms $309,392 · Management $14,555 · Fundraising $61,087$385,034
IX-17 TravelPrograms $249,542 · Management $109,813 · Fundraising $49,750$409,105
IX-22 Depreciation, depletion and amortizationManagement $4,054$4,054
IX-23 InsurancePrograms $32,866 · Management $12,576 · Fundraising $14,486$59,928
IX-24 Other expenses (24a–d)Programs $2,565,282 · Management $252,499 · Fundraising $165,271$2,983,052
IX-24e All other expensesPrograms $109,302 · Management $105,376 · Fundraising $49,678$264,356
IX-25 Total functional expensesPrograms $6,736,726 · Management $1,202,426 · Fundraising $1,066,464$9,005,616
Part X · Balance sheet $28,410,543 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $13,432,108$8,410,921
X-10c Land, buildings and equipment, netStart of year $0$16,220
X-13 Program-related investmentsStart of year $19,555,425$19,514,869
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $167,379$468,533
X-16 Total assetsStart of year $33,154,912$28,410,543
X-17 Accounts payable and accrued expensesStart of year $59,950$36,108
X-19 Deferred revenueStart of year $15,177$66,808
X-25 Other liabilitiesStart of year $234,531$207,742
X-26 Total liabilitiesStart of year $309,658$310,658
X-27 Net assets without donor restrictionsStart of year $32,845,254$28,099,885
X-32 Total net assets or fund balancesStart of year $32,845,254$28,099,885
X-33 Total liabilities and net assetsStart of year $33,154,912$28,410,543
Part XI · Reconciliation of net assets $28,099,885 net assets at year end
XI-1 Total revenue$5,751,368
XI-2 Total expenses$9,005,616
XI-3 Revenue less expenses−$3,254,248
XI-4 Net assets at start of year$32,845,254
XI-5 Net unrealized gains (losses) on investments−$1,649,977
XI-9 Other changes in net assets$158,856
XI-10 Net assets at end of year$28,099,885

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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