Americans for Cures Foundation FY2023 filing

Tax-deductible

Palo Alto, CA501(c)(3)Health CareEIN 20-1824931Revenue $580K in FY2023

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.
52¢ of each $1 spent went to programs.
$43K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
52%
of spending
Worth a look: 52% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$43K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
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
$4K
2% of total assets
Looks good: liabilities are 2% 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
$580K
+61% vs prior year
Spent
$400K
To programs
52%
Net assets
$221K
By yearFY2020–FY2024
Revenue
$580K
FY2023▲ +61%
Tap a bar for its year
Revenue by fiscal year
FY2020$207K
FY2021$1.2M
FY2022$361K
FY2023$580K
FY2024$2K
Expenses
$400K
FY2023▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$487K
FY2021$934K
FY2022$389K
FY2023$400K
FY2024$133K
Net assets
$221K
FY2023▲ +452%
Tap a bar for its year
Net assets by fiscal year
FY2020−$178K
FY2021$68K
FY2022$40K
FY2023$221K
FY2024$90K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

52 cents of each dollar spent went to programs.

Program services 52% · $208K Management & general 48% · $191K

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; $43K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary/Treasurer
$43,200Pt VII · Sec A
Director of Communications
$275Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
$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.

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Provided by the organization

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1 program · $208K · in their own filed words · FY2023
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, individuals and their staffs via our websiteand outreach.

$208Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$580K
Ln 12
Gifts and grantsLn 1h$591K
Money outPt IX
$400K
Ln 25
Programscol B$208K
Managementcol C$191K
Owns and owesPt X
$221K
net assets · Ln 32
Cash and savingsLn 1–2$162K
Total assetsLn 16$224K
LiabilitiesLn 26$4K
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$591K
Gains on assetsLn 7−$709K
Total revenueLn 12$580K
Assets in detailPt X, end of year
CashLn 1$162K
Cash and savings togetherLn 1–2$162K
InvestmentsLn 11–13$56K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$224K
LiabilitiesLn 26$4K
Net assetsLn 32$221K
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 FY23End FY23
Cash and savingsLn 1–2$6K$162K
InvestmentsLn 11–13$66K$56K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$77K$224K
LiabilitiesLn 26$38K$4K
Net assetsLn 32$40K$221K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$136K$136K
Pay of current officers, directors and key staffLn 5$43K$43K$275
Other salaries and wagesLn 7$4K$4K
Payroll taxesLn 10$583$583
Legal feesLn 11b$350$350
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$169K$169K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$3K$3K
InterestLn 20$18$18
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$27K$16K$10K
All other expensesLn 24e$1K$653$456
Total functional expensesLn 25$400K$208K$191K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2K$133K−$130K$90K 990 PDF
FY2023 Viewing $580K$400K$181K$221K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $580,433 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $148,927$590,618
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,300−$709,278
I-11 Other revenuePrior year $211,038$699,093
I-12 Total revenuePrior year $361,265$580,433
I-13 Grants and similar amounts paidPrior year $35,000$136,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $117,985$48,022
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $235,976$215,760
I-18 Total expensesPrior year $388,961$399,782
I-19 Revenue less expensesPrior year −$27,696$180,651
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 $580,433 across 5 lines filed
Lines not itemized here account for −$12,266 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$590,618
VIII-1h Total contributions, gifts and grants$590,618
VIII-7 Net gain or loss on sales of assetsRelated to mission −$709,278−$709,278
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $711,094 · Unrelated business $265$711,359
VIII-12 Total revenueRelated to mission $1,816 · Unrelated business −$12,001 · Excluded from tax $0$580,433
Part IX · Statement of functional expenses $399,782 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $136,000$136,000
IX-5 Pay of current officers, directors and key staffPrograms $43,200 · Management $275$43,475
IX-7 Other salaries and wagesManagement $3,964$3,964
IX-10 Payroll taxesManagement $583$583
IX-11b Legal feesPrograms $350$350
IX-11c Accounting feesPrograms $5,193$5,193
IX-11g Other fees for servicesManagement $169,497$169,497
IX-12 Advertising and promotionPrograms $3,595$3,595
IX-13 Office expensesPrograms $3,083$3,083
IX-20 InterestManagement $18$18
IX-23 InsuranceManagement $6,357$6,357
IX-24 Other expenses (24a–d)Programs $16,359 · Management $10,199$26,558
IX-24e All other expensesPrograms $653 · Management $456$1,109
IX-25 Total functional expensesPrograms $208,433 · Management $191,349 · Fundraising $0$399,782
Part X · Balance sheet $224,449 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $5,554$162,433
X-9 Prepaid expenses and deferred chargesStart of year $5,741$6,346
X-10c Land, buildings and equipment, netStart of year $0$0
X-12 Other securitiesStart of year $66,161$55,670
X-16 Total assetsStart of year $77,456$224,449
X-17 Accounts payable and accrued expensesStart of year $37,527$3,869
X-26 Total liabilitiesStart of year $37,527$3,869
X-32 Total net assets or fund balancesStart of year $39,929$220,580
X-33 Total liabilities and net assetsStart of year $77,456$224,449
Part XI · Reconciliation of net assets $220,580 net assets at year end
XI-1 Total revenue$580,433
XI-2 Total expenses$399,782
XI-3 Revenue less expenses$180,651
XI-4 Net assets at start of year$39,929
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$220,580

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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