Americans for Cures Foundation FY2022 filing

Tax-deductible

Palo Alto, CA501(c)(3)Health CareEIN 20-1824931Revenue $361K in FY2022

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.
50¢ of each $1 spent went to programs.
$84K 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
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
50%
of spending
Concern: 50% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$84K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
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
$38K
48% of total assets
Looks good: liabilities are 48% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 13 voting members
Concern: none of 13 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$361K
-69% vs prior year
Spent
$389K
To programs
50%
Net assets
$40K
By yearFY2020–FY2024
Revenue
$361K
FY2022▼ -69%
Tap a bar for its year
Revenue by fiscal year
FY2020$207K
FY2021$1.2M
FY2022$361K
FY2023$580K
FY2024$2K
Expenses
$389K
FY2022▼ -58%
Tap a bar for its year
Expenses by fiscal year
FY2020$487K
FY2021$934K
FY2022$389K
FY2023$400K
FY2024$133K
Net assets
$40K
FY2022▼ -41%
Tap a bar for its year
Net assets by fiscal year
FY2020−$178K
FY2021$68K
FY2022$40K
FY2023$221K
FY2024$90K

From the FY2022 Form 990 · 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 Nov 2005.

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

Where the money goes

50 cents of each dollar spent went to programs.

Program services 50% · $193K Management & general 32% · $125K Fundraising 18% · $71K

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

9 people listed on the 990; $84K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$68,130Pt VII · Sec A
Director of Communications
$15,496Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Treasurer
$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.

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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.

Questions for Americans for Cures Foundation

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Provided by the organization

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1 program · $193K · in their own filed words · FY2022
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, and elected and appointed individuals and their staffs via our website and outreach.

$193Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$361K
Ln 12
Other incomeLn 4–11$211K
Gifts and grantsLn 1h$149K
Investment incomeLn 3$1K
Money outPt IX
$389K
Ln 25
Programscol B$193K
Managementcol C$125K
Fundraisingcol D$71K
Owns and owesPt X
$40K
net assets · Ln 32
Cash and savingsLn 1–2$6K
Total assetsLn 16$77K
LiabilitiesLn 26$38K
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$149K
Investment incomeLn 3$1K
Other incomeLn 4–11$211K
Total revenueLn 12$361K
Assets in detailPt X, end of year
CashLn 1$6K
Cash and savings togetherLn 1–2$6K
InvestmentsLn 11–13$66K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$77K
LiabilitiesLn 26$38K
Net assetsLn 32$40K
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 FY22End FY22
Cash and savingsLn 1–2$7K$6K
InvestmentsLn 11–13$77K$66K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$120K$77K
LiabilitiesLn 26$52K$38K
Net assetsLn 32$68K$40K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$35K$35K
Pay of current officers, directors and key staffLn 5$84K$84K
Other salaries and wagesLn 7$13K$13K
Other employee benefitsLn 9$12K$12K
Payroll taxesLn 10$9K$9K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$43K$43K
Advertising and promotionLn 12$60K$60K
Office expensesLn 13$12K$12K
TravelLn 17$3K$3K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$104K$94K$11K
All other expensesLn 24e$5K$4K$767$460
Total functional expensesLn 25$389K$193K$125K$71K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2K$133K−$130K$90K 990 PDF
FY2023 $580K$400K$181K$221K 990 PDF
FY2022 Viewing $361K$389K−$28K$40K 990 PDF
FY2021 $1.2M$934K$246K$68K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $361,265 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,133,979$148,927
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,425$1,300
I-11 Other revenuePrior year $44,375$211,038
I-12 Total revenuePrior year $1,179,779$361,265
I-13 Grants and similar amounts paidPrior year $0$35,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $272,542$117,985
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $661,119$235,976
I-18 Total expensesPrior year $933,661$388,961
I-19 Revenue less expensesPrior year $246,118−$27,696
Part VI · Governance 0 of 13 board members independent, 5 to look at
VI-1a Voting members of the governing body13
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 $361,265 across 5 lines filed
Lines not itemized here account for −$10,536 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$148,927
VIII-1h Total contributions, gifts and grants$148,927
VIII-3 Investment incomeRelated to mission $1,300$1,300
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $221,529 · Unrelated business $45$221,574
VIII-12 Total revenueRelated to mission $222,829 · Unrelated business −$10,491 · Excluded from tax $0$361,265
Part IX · Statement of functional expenses $388,961 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $35,000$35,000
IX-5 Pay of current officers, directors and key staffManagement $84,121$84,121
IX-7 Other salaries and wagesManagement $12,873$12,873
IX-9 Other employee benefitsManagement $12,258$12,258
IX-10 Payroll taxesManagement $8,733$8,733
IX-11c Accounting feesPrograms $2,203$2,203
IX-11g Other fees for servicesPrograms $43,200$43,200
IX-12 Advertising and promotionFundraising $60,214$60,214
IX-13 Office expensesPrograms $12,036$12,036
IX-17 TravelPrograms $2,572$2,572
IX-23 InsuranceManagement $6,355$6,355
IX-24 Other expenses (24a–d)Programs $93,889 · Fundraising $10,569$104,458
IX-24e All other expensesPrograms $3,711 · Management $767 · Fundraising $460$4,938
IX-25 Total functional expensesPrograms $192,611 · Management $125,107 · Fundraising $71,243$388,961
Part X · Balance sheet $77,456 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $7,173$5,554
X-9 Prepaid expenses and deferred chargesStart of year $5,973$5,741
X-10c Land, buildings and equipment, netStart of year $0$0
X-12 Other securitiesStart of year $76,652$66,161
X-16 Total assetsStart of year $119,722$77,456
X-17 Accounts payable and accrued expensesStart of year $0$37,527
X-25 Other liabilitiesStart of year $52,097$0
X-26 Total liabilitiesStart of year $52,097$37,527
X-32 Total net assets or fund balancesStart of year $67,625$39,929
X-33 Total liabilities and net assetsStart of year $119,722$77,456
Part XI · Reconciliation of net assets $39,929 net assets at year end
XI-1 Total revenue$361,265
XI-2 Total expenses$388,961
XI-3 Revenue less expenses−$27,696
XI-4 Net assets at start of year$67,625
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$39,929

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

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