Kure IT INC FY2023 filing

Tax-deductible

Newport Beach, CA501(c)(3)Medical ResearchEIN 26-4343040Revenue $1.4M in FY2023

On file with the IRSkureit.org1300 Quail St Ste 104, 92660-2711 · Newport Beach, CATax-exempt since May 2010Publicly supported charity — 170(b)(1)(A)(vi)

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The specific purpose of this charity is to fund kidney and other cancer research.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
1 of 5
filings with a surplus
Average deficit $20K a year · 2% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $124K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$680
0.06% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
-10% vs prior year
Spent
$1.4M
To programs
70%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$1.4M
FY2023▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$920K
FY2021$1.3M
FY2022$1.5M
FY2023$1.4M
FY2024$1.3M
Expenses
$1.4M
FY2023▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.4M
FY2022$1.2M
FY2023$1.4M
FY2024$1.5M
Net assets
$1.2M
FY2023▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$886K
FY2021$824K
FY2022$1.2M
FY2023$1.2M
FY2024$968K

From the FY2023 Form 990 · figures checked against the IRS filing · 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 May 2010.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $997K Management & general 30% · $436K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
CEO/Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Kure IT INC 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

Funds kidney and other cancer research to find cures and treatments.

Provided by the organization

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1 program · $997K · in their own filed words · FY2023
01

Funded kidney and other cancer research.

$997Kprogram 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
See all 7 funders →
Grants paid · 28 grants · $4.4M · 2020–2024
City of HopeCA · FY2024$454,500
USC Norris Comp Cancer CenterCA · FY2024$100,000
Cedars-Sinai Medical CenterCA · FY2024$100,000
City of HopeCA · FY2023$329,500
Univ Hosp Cleveland Med CtrOH · FY2023$250,000
U C San Diego FoundationCA · FY2023$125,000
USC Norris Comp Cancer CenterCA · FY2023$100,000
Keck School of MedicineCA · FY2022$150,000
USC Norris Comp Cancer CenterCA · FY2022$100,000
City of HopeCA · FY2022$50,000
See all 28 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.8M
Investment incomeLn 3$12K
Money outPt IX
$1.4M
Ln 25
Programscol B$997K
Managementcol C$436K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.2M
LiabilitiesLn 26$680
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8M
Fundraising eventsLn 1c$861K
Investment incomeLn 3$12K
Gains on assetsLn 7−$4K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$605K
SavingsLn 2$556K
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$6K
Total assetsLn 16$1.2M
LiabilitiesLn 26$680
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 54
VolunteersI 67
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$1.2M$1.2M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$0$680
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$997K$997K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$279K$279K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$23K$23K
Management feesLn 11a$0
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$8K$8K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$15K$15K
Advertising and promotionLn 12$18K$18K
Office expensesLn 13$3K$3K
Information technologyLn 14$226$226
RoyaltiesLn 15$0
OccupancyLn 16$22K$22K
TravelLn 17$9K$9K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$24K$24K
Other expenses (24a–d)Ln 24$29K$29K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$1.4M$997K$436K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$1.5M−$198K$968K 990 PDF
FY2023 Viewing $1.4M$1.4M−$47K$1.2M 990 PDF
FY2022 $1.5M$1.2M$389K$1.2M 990 PDF
FY2021 $1.3M$1.4M−$62K$824K 990 PDF
FY2020 $920K$1.1M−$181K$886K 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 $1,386,391 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,875,171$1,754,927
I-9 Program service revenue$0
I-10 Investment incomePrior year $8,701$12,239
I-11 Other revenuePrior year −$339,057−$380,775
I-12 Total revenuePrior year $1,544,815$1,386,391
I-13 Grants and similar amounts paidPrior year $757,500$997,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $275,608$301,702
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $122,574$134,545
I-18 Total expensesPrior year $1,155,682$1,433,247
I-19 Revenue less expensesPrior year $389,133−$46,856
Part VI · Governance 11 of 11 board members independent, 5 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $1,386,391 across 9 lines filed
VIII-1c Fundraising events$861,236
VIII-1f All other contributions, gifts and grants$893,691
VIII-1h Total contributions, gifts and grants$1,754,927
VIII-3 Investment incomeExcluded from tax $16,373$16,373
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$4,134−$4,134
VIII-8 Net income from fundraising eventsExcluded from tax −$380,775−$380,775
VIII-12 Total revenueExcluded from tax −$368,536$1,386,391
Part IX · Statement of functional expenses $1,433,247 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $997,000$997,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $278,874$278,874
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $22,828$22,828
IX-11a Management fees$0
IX-11b Legal feesManagement $4,100$4,100
IX-11c Accounting feesManagement $7,700$7,700
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $15,399$15,399
IX-12 Advertising and promotionManagement $18,328$18,328
IX-13 Office expensesManagement $3,101$3,101
IX-14 Information technologyManagement $226$226
IX-15 Royalties$0
IX-16 OccupancyManagement $22,109$22,109
IX-17 TravelManagement $9,149$9,149
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $23,716$23,716
IX-24 Other expenses (24a–d)Management $29,328$29,328
IX-24e All other expensesManagement $1,389$1,389
IX-25 Total functional expensesPrograms $997,000 · Management $436,247 · Fundraising $0$1,433,247
Part X · Balance sheet $1,166,761 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $663,838$605,164
X-2 Savings and temporary cash investmentsStart of year $549,099$555,597
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$6,000
X-16 Total assetsStart of year $1,212,937$1,166,761
X-17 Accounts payable and accrued expenses$680
X-26 Total liabilitiesStart of year $0$680
X-32 Total net assets or fund balancesStart of year $1,212,937$1,166,081
X-33 Total liabilities and net assetsStart of year $1,212,937$1,166,761
Part XI · Reconciliation of net assets $1,166,081 net assets at year end
XI-1 Total revenue$1,386,391
XI-2 Total expenses$1,433,247
XI-3 Revenue less expenses−$46,856
XI-4 Net assets at start of year$1,212,937
XI-10 Net assets at end of year$1,166,081

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

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