Cure Tay-Sachs Foundation FY2022 filing

Tax-deductible

Phoenix, AZ501(c)(3)Medical ResearchEIN 26-0256621Revenue $448K in FY2022

On file with the IRScuretay-sachs.org2409 E Luke Ave, 85016-2808 · Phoenix, AZTax-exempt since Aug 2007Publicly supported charity — 170(b)(1)(A)(vi)

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The Cure Tay-Sachs Foundation has been created to fund the research initiatives that show promise to treat and ultimately Cure Tay-Sachs disease (tsd). Tsd is hereditary disease passed on when two carrier parents both pass the Tay-Sachs gene to their child. Tay-Sachs has three forms - the classic or infantile form, the juvenile onset form and the late on-set form known as lots. Children infected with the infantile or juvenile form currently have a 100% mortaility rate - no child has ever survived this disease. We aim to change that.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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 surplus $24K a year · 10% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $10K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 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
$448K
+133% vs prior year
Spent
$238K
To programs
89%
Net assets
$2.3M
By yearFY2020–FY2024
Revenue
$448K
FY2022▲ +133%
Tap a bar for its year
Revenue by fiscal year
FY2020$290K
FY2021$193K
FY2022$448K
FY2023$108K
FY2024$141K
Expenses
$238K
FY2022▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$154K
FY2021$226K
FY2022$238K
FY2023$189K
FY2024$251K
Net assets
$2.3M
FY2022▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.1M
FY2022$2.3M
FY2023$2.1M
FY2024$1.9M

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 Aug 2007.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $212K Management & general 11% · $26K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Rick Karl’s $48K as President is at the 33rd percentile of top reported officer pay among 328 $100K–1M 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 · 1 named individual · Part VII

NameFY2024FY2021FY2020
Rick Karl$48,000$48,000$48,000

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds research to treat and cure Tay-Sachs disease.

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Provided by the organization

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1 program · $212K · in their own filed words · FY2022
01

The cure tay-sachs foundation has been created to fund the research initiatives that show promise to treat and ultimately cure tay-sachs disease (TSD). TSD is hereditary disease passed on when two carrier parents both pass the tay-sachs gene to their child.

$212Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$10K
Grants paid · 5 grants · $344K · 2020–2024
University of MassachusettsFY2024$150,000
NtsadMA · FY2024$50,000
University of MassachusettsFY2023$79,875
NtsadMA · FY2023$40,000
University of Massachusetts Medical SchoolFY2020$24,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$448K
Ln 12
Gifts and grantsLn 1h$396K
Investment incomeLn 3$27K
Other incomeLn 4–11$25K
Money outPt IX
$238K
Ln 25
Programscol B$212K
Managementcol C$26K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$79K
Total assetsLn 16$2.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$396K
Investment incomeLn 3$27K
Other incomeLn 4–11$25K
Gains on assetsLn 7−$30K
Total revenueLn 12$448K
Assets in detailPt X, end of year
CashLn 1$79K
Cash and savings togetherLn 1–2$79K
InvestmentsLn 11–13$2.2M
Total assetsLn 16$2.3M
LiabilitiesLn 26$0
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$199K$79K
InvestmentsLn 11–13$1.9M$2.2M
Total assetsLn 16$2.1M$2.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.1M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$146K$146K
Pay of current officers, directors and key staffLn 5$48K$24K$24K
Lobbying feesLn 11d$1K$1K
Advertising and promotionLn 12$20K$20K
TravelLn 17$6K$6K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$14K$14K$604
Total functional expensesLn 25$238K$212K$26K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $141K$251K−$110K$1.9M 990 PDF
FY2023 $108K$189K−$82K$2.1M 990 PDF
FY2022 Viewing $448K$238K$210K$2.3M 990 PDF
FY2021 $193K$226K−$33K$2.1M 990 PDF
FY2020 $290K$154K$136K$2.1M 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 $448,202 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $103,455$395,604
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $89,263$27,368
I-11 Other revenuePrior year $0$25,230
I-12 Total revenuePrior year $192,718$448,202
I-13 Grants and similar amounts paidPrior year $146,398$146,398
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $48,000$48,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $31,348$43,795
I-18 Total expensesPrior year $225,746$238,193
I-19 Revenue less expensesPrior year −$33,028$210,009
Part VI · Governance 13 of 13 board members independent, 2 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $448,202 across 6 lines filed
VIII-1f All other contributions, gifts and grants$395,604
VIII-1h Total contributions, gifts and grants$395,604
VIII-3 Investment incomeRelated to mission $57,623$57,623
VIII-5 RoyaltiesRelated to mission $25,230$25,230
VIII-7 Net gain or loss on sales of assetsRelated to mission −$30,255−$30,255
VIII-12 Total revenueRelated to mission $52,598 · Unrelated business $0 · Excluded from tax $0$448,202
Part IX · Statement of functional expenses $238,193 across 7 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $146,398$146,398
IX-5 Pay of current officers, directors and key staffPrograms $24,000 · Management $24,000$48,000
IX-11d Lobbying feesManagement $1,450$1,450
IX-12 Advertising and promotionPrograms $20,122$20,122
IX-17 TravelPrograms $6,345$6,345
IX-23 InsurancePrograms $1,519$1,519
IX-24 Other expenses (24a–d)Programs $13,755 · Management $604$14,359
IX-25 Total functional expensesPrograms $212,139 · Management $26,054 · Fundraising $0$238,193
Part X · Balance sheet $2,287,110 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $199,453$79,353
X-12 Other securitiesStart of year $1,877,648$2,207,757
X-16 Total assetsStart of year $2,077,101$2,287,110
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $2,077,101$2,287,110
X-33 Total liabilities and net assetsStart of year $2,077,101$2,287,110
Part XI · Reconciliation of net assets $2,287,110 net assets at year end
XI-1 Total revenue$448,202
XI-2 Total expenses$238,193
XI-3 Revenue less expenses$210,009
XI-4 Net assets at start of year$2,077,101
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,287,110

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

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