Americans for Cures Foundation FY2020 filing

Tax-deductible

Palo Alto, CA501(c)(3)Health CareEIN 20-1824931Revenue $207K in FY2020

On file with the IRSamericansforcures.org550 S California Avenue 330, 94306-1441 · Palo Alto, CATax-exempt since Nov 2005Publicly supported charity — 170(b)(1)(A)(vi)

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To provide advocacy dedicated to promoting life-saving stem cell research and support implementation and awareness of the california stem cell program.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$205K 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

FY2020 · 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
2 of 5
filings with a surplus
Average deficit $2K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$205K
to officers and key staff · 42% of spending
Concern: pay to officers and key staff is 42% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $70
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$342K
209% of total assets
Concern: liabilities are 209% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 11 voting members
Concern: none of 11 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$207K
Spent
$487K
To programs
71%
Net assets
−$178K
By yearFY2020–FY2024
Revenue
$207K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$207K
FY2021$1.2M
FY2022$361K
FY2023$580K
FY2024$2K
Expenses
$487K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$487K
FY2021$934K
FY2022$389K
FY2023$400K
FY2024$133K
Net assets
−$178K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$178K
FY2021$68K
FY2022$40K
FY2023$221K
FY2024$90K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Nov 2005.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $346K Management & general 27% · $131K Fundraising 2% · $10K

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

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Who runs it and what they're paid

11 people listed on the 990; $205K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director of Scientific Pro
$71,927Pt VII · Sec A
Director of Public Policy
$57,256Pt VII · Sec A
Executive Director
$38,403Pt VII · Sec A
Secretary/Treasurer
$28,800Pt VII · Sec A
Director of Communications Outreach
$8,470Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Don Reed’s $43K as Secretary/Treasurer is at the 78th percentile of top reported officer pay among 199 <$100K health care 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 · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Melissa King——$68,130$75,000$38,403
Anna Maybach———$72,615$57,256
Mitra Hooshmand———$36,048$71,927
Don Reed$43,200$43,200—$39,600$28,800
Jacqueline Hantgan—$275$15,496$37,194$8,470
Allison Lee———$10,578—
Ariela Zweibach———$550—

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 Americans for Cures Foundation 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 15aNo

Programs and updates

Advocates for life-saving stem cell research and California's stem cell program.

Provided by the organization

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1 program · $346K · in their own filed words · FY2020
01

Provided advocacy dedicated to promoting life-saving stem cell research and therapy development. Staff made available technically correct scientific and policy-related information and materials to the public via our website and outreach, as well as to numerous incumbent elected officials, upon request.

$346Kprogram expense

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 · FY2023
Total grants receivedfrom 1 funder$70
Grants paid · 4 grants · $195K · 2022–2024
Als NetworkCA · FY2024$25,000
Morocco FoundationVA · FY2023$35,000
Unitemized GrantFY2022$35,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$207K
Ln 12
Gifts and grantsLn 1h$205K
Investment incomeLn 3$1K
Other incomeLn 4–11$435
Money outPt IX
$487K
Ln 25
Programscol B$346K
Managementcol C$131K
Fundraisingcol D$10K
Owns and owesPt X
−$178K
net assets · Ln 32
Cash and savingsLn 1–2$92K
Total assetsLn 16$163K
LiabilitiesLn 26$342K
PeoplePt VI, VII
11
listed · VII A
PaidVII A5
Voting boardVI 1a11
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$205K
Investment incomeLn 3$1K
Other incomeLn 4–11$435
Total revenueLn 12$207K
Assets in detailPt X, end of year
CashLn 1$92K
Cash and savings togetherLn 1–2$92K
InvestmentsLn 11–13$38K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$163K
LiabilitiesLn 26$342K
Net assetsLn 32−$178K
OperationsPt I, VI
EmployeesI 56
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$26K$92K
InvestmentsLn 11–13$50K$38K
Land, buildings, equipmentLn 10c$382$0
Total assetsLn 16$108K$163K
LiabilitiesLn 26$7K$342K
Net assetsLn 32$101K−$178K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$175K$72K$103K
Other employee benefitsLn 9$23K$10K$14K
Payroll taxesLn 10$14K$6K$8K
Legal feesLn 11b$34K$34K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$29K$29K
Advertising and promotionLn 12$540$540
Office expensesLn 13$3K$3K
TravelLn 17$8K$8K
InterestLn 20$37$37
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$178K$168K$9K
All other expensesLn 24e$15K$15K$182$174
Total functional expensesLn 25$487K$346K$131K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2K$133K−$130K$90K 990 PDF
FY2023 $580K$400K$181K$221K 990 PDF
FY2022 $361K$389K−$28K$40K 990 PDF
FY2021 $1.2M$934K$246K$68K 990 PDF
FY2020 Viewing $207K$487K−$280K−$178K 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 FY2020 990 (6 parts)
Part I · Summary $207,336 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $889,467$205,491
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $27,822$1,410
I-11 Other revenuePrior year $679$435
I-12 Total revenuePrior year $917,968$207,336
I-13 Grants and similar amounts paidPrior year $50,210$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $267,237$212,584
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $593,283$274,712
I-18 Total expensesPrior year $910,730$487,296
I-19 Revenue less expensesPrior year $7,238−$279,960
Part VI · Governance 0 of 11 board members independent, 5 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $207,336 across 5 lines filed
Lines not itemized here account for −$11,520 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$205,491
VIII-1h Total contributions, gifts and grants$205,491
VIII-3 Investment incomeRelated to mission $1,410$1,410
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,150 · Unrelated business $10,805$11,955
VIII-12 Total revenueRelated to mission $2,560 · Unrelated business −$715 · Excluded from tax $0$207,336
Part IX · Statement of functional expenses $487,296 across 14 lines filed
IX-6 Pay of disqualified personsPrograms $71,927 · Management $103,056$174,983
IX-9 Other employee benefitsPrograms $9,585 · Management $13,734$23,319
IX-10 Payroll taxesPrograms $5,871 · Management $8,411$14,282
IX-11b Legal feesPrograms $34,077$34,077
IX-11c Accounting feesPrograms $1,744$1,744
IX-11g Other fees for servicesPrograms $28,800$28,800
IX-12 Advertising and promotionFundraising $540$540
IX-13 Office expensesPrograms $3,035$3,035
IX-17 TravelPrograms $7,625$7,625
IX-20 InterestManagement $37$37
IX-22 Depreciation, depletion and amortizationManagement $1,273$1,273
IX-23 InsuranceManagement $4,412$4,412
IX-24 Other expenses (24a–d)Programs $168,436 · Fundraising $9,261$177,697
IX-24e All other expensesPrograms $15,116 · Management $182 · Fundraising $174$15,472
IX-25 Total functional expensesPrograms $346,216 · Management $131,105 · Fundraising $9,975$487,296
Part X · Balance sheet $163,042 assets, 12 lines filed
Asset lines not itemized here account for $28,499; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $26,195$92,222
X-4 Accounts receivableStart of year $63$0
X-9 Prepaid expenses and deferred chargesStart of year $3,608$4,024
X-10c Land, buildings and equipment, netStart of year $382$0
X-12 Other securitiesStart of year $49,862$38,297
X-14 Intangible assetsStart of year $890$0
X-16 Total assetsStart of year $108,089$163,042
X-17 Accounts payable and accrued expensesStart of year $6,622$0
X-25 Other liabilitiesStart of year $0$341,535
X-26 Total liabilitiesStart of year $6,622$341,535
X-32 Total net assets or fund balancesStart of year $101,467−$178,493
X-33 Total liabilities and net assetsStart of year $108,089$163,042
Part XI · Reconciliation of net assets −$178,493 net assets at year end
XI-1 Total revenue$207,336
XI-2 Total expenses$487,296
XI-3 Revenue less expenses−$279,960
XI-4 Net assets at start of year$101,467
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$178,493

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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