Project Purple INC: Nonprofit Profile, Financials & Form 990 (EIN 27-3492063)

Sandino Verrelli’s $212K as Founder and is at the 62nd percentile of top reported officer pay among 360 $1–10M 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

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Sandino Verrelli	$212,128	$185,855	$160,668	$134,183	$147,900

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 15aYes

Programs and updates

Raises awareness and funds for a pancreatic cancer cure through marathon running.

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2 programs · $2.9M · in their own filed words · FY2024

01

Program and marathon activities our primary fundraising comes from participating in marathons, half marathons, and 5k races across the country; including the top four U.S. Marathons. Our team consists of runners from all over the world, most of them have been touched by pancreatic cancer.

$1.5Mprogram expense

02

Research, scholarships and patient aid project purple has become a leading provider of financial aid to families battling pancreatic cancer. We offer grants to families that are battling this disease from all over the united states.

$1.4Mprogram 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 · FY2025

Give Back FoundationFY2025$9K

Total grants receivedfrom 1 funder$9K

Grants paid · 23 grants · $2.8M · 2020–2024

Hartford Health Care CorporationCT · FY2024$485,024

Duke UniversityNC · FY2024$350,000

Unitemized GrantFY2024$318,741

Arbor Research Collaborative for HealthMI · FY2024$125,000

The Board of Trustees of the University of IllinoisIL · FY2024$75,000

Unitemized GrantFY2024$46,688

Unitemized GrantFY2023$198,709

Hartford Health Care CorporationCT · FY2023$175,000

Arbor Research Collaborative for HealthMI · FY2023$125,000

Targeting Resistance in Cancer CooperativeMD · FY2023$100,000

University of Nebraska FoundationNE · FY2023$50,000

Unitemized GrantFY2023$25,832

Unitemized GrantFY2023$19,375

Unitemized GrantFY2022$127,514

Arbor Research Collaborative for HealthMI · FY2022$125,000

Hartford Health Care CorporationCT · FY2022$75,000

Unitemized GrantFY2022$11,763

Arbor Research Collaborative for HealthMI · FY2021$125,000

See all 23 grants →

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$3.0M

Ln 12

Gifts and grantsLn 1h$2.9M

Fees for servicesLn 2g$70K

Investment incomeLn 3$44K

Money outPt IX

$3.1M

Ln 25

Programscol B$2.9M

Managementcol C$188K

Fundraisingcol D$65K

Owns and owesPt X

$1.7M

net assets · Ln 32

Cash and savingsLn 1–2$1.4M

Total assetsLn 16$2.2M

LiabilitiesLn 26$531K

PeoplePt VI, VII

9

listed · VII A

PaidVII A1

Voting boardVI 1a9

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$2.9M

Fundraising eventsLn 1c$71K

Fees for servicesLn 2g$70K

Investment incomeLn 3$44K

Other incomeLn 4–11$628

Gains on assetsLn 7−$71

Total revenueLn 12$3.0M

Assets in detailPt X, end of year

CashLn 1$633K

SavingsLn 2$759K

Cash and savings togetherLn 1–2$1.4M

InvestmentsLn 11–13$685K

Land, buildings, equipmentLn 10c$4K

Other assetsLn 15$7K

Total assetsLn 16$2.2M

LiabilitiesLn 26$531K

Net assetsLn 32$1.7M

OperationsPt I, VI

EmployeesI 511

VolunteersI 69

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$1.0M	$1.4M
InvestmentsLn 11–13	$780K	$685K
Land, buildings, equipmentLn 10c	$4K	$4K
Total assetsLn 16	$1.9M	$2.2M
LiabilitiesLn 26	$89K	$531K
Net assetsLn 32	$1.9M	$1.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$1.0M	$1.0M
Grants to domestic individualsLn 2	$365K	$365K
Pay of current officers, directors and key staffLn 5	$214K	$161K	$43K	$11K
Other salaries and wagesLn 7	$380K	$294K	$61K	$25K
Other employee benefitsLn 9	$46K	$36K	$7K	$3K
Payroll taxesLn 10	$44K	$34K	$8K	$3K
Legal feesLn 11b	$7K	$3K	$4K	$360
Accounting feesLn 11c	$19K		$19K
Other fees for servicesLn 11g	$34K	$30K	$1K	$3K
Advertising and promotionLn 12	$101K	$100K	$812	$103
Office expensesLn 13	$248K	$234K	$13K	$2K
Information technologyLn 14	$40K	$32K	$6K	$2K
OccupancyLn 16	$34K	$27K	$5K	$2K
TravelLn 17	$125K	$95K	$17K	$13K
Conferences, conventions and meetingsLn 19	$3K	$2K		$385
Depreciation, depletion and amortizationLn 22	$9K	$7K	$1K	$506
InsuranceLn 23	$3K	$2K	$1K
Other expenses (24a–d)Ln 24	$376K	$376K
All other expensesLn 24e	$60K	$57K	$2K	$718
Total functional expensesLn 25	$3.1M	$2.9M	$188K	$65K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$3.0M	$3.1M	−$153K	$1.7M	990 PDF
FY2023	$2.6M	$2.1M	$448K	$1.9M	990 PDF
FY2022	$1.8M	$1.4M	$345K	$1.4M	990 PDF
FY2021	$1.4M	$1.1M	$333K	$1.1M	990 PDF
FY2020	$934K	$788K	$146K	$731K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $2,996,848 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $2,489,274$2,882,896

I-9 Program service revenuePrior year $34,911$69,596

I-10 Investment incomePrior year $27,440$43,728

I-11 Other revenuePrior year $4,819$628

I-12 Total revenuePrior year $2,556,444$2,996,848

I-13 Grants and similar amounts paidPrior year $700,866$1,405,530

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $626,674$684,397

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $780,814$1,059,512

I-18 Total expensesPrior year $2,108,354$3,149,439

I-19 Revenue less expensesPrior year $448,090−$152,591

Part VI · Governance 8 of 9 board members independent, no flags

VI-1a Voting members of the governing body9

VI-1b Independent voting members8

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $2,996,848 across 8 lines filed

Lines not itemized here account for $10,349 of total revenue; see the IRS return.

VIII-1c Fundraising events$70,740

VIII-1f All other contributions, gifts and grants$2,812,156

VIII-1h Total contributions, gifts and grants$2,882,896

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $69,596$69,596

VIII-3 Investment incomeExcluded from tax $43,799$43,799

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$71−$71

VIII-8 Net income from fundraising eventsExcluded from tax −$9,721−$9,721

VIII-12 Total revenueRelated to mission $69,596 · Excluded from tax $44,356$2,996,848

Part IX · Statement of functional expenses $3,149,439 across 19 lines filed

IX-1 Grants to domestic organizationsPrograms $1,040,101$1,040,101

IX-2 Grants to domestic individualsPrograms $365,429$365,429

IX-5 Pay of current officers, directors and key staffPrograms $160,656 · Management $42,842 · Fundraising $10,710$214,208

IX-7 Other salaries and wagesPrograms $294,481 · Management $60,563 · Fundraising $25,110$380,154

IX-9 Other employee benefitsPrograms $36,185 · Management $6,689 · Fundraising $2,988$45,862

IX-10 Payroll taxesPrograms $34,009 · Management $7,643 · Fundraising $2,521$44,173

IX-11b Legal feesPrograms $2,705 · Management $3,700 · Fundraising $360$6,765

IX-11c Accounting feesManagement $19,027$19,027

IX-11g Other fees for servicesPrograms $30,154 · Management $1,000 · Fundraising $2,683$33,837

IX-12 Advertising and promotionPrograms $100,108 · Management $812 · Fundraising $103$101,023

IX-13 Office expensesPrograms $234,069 · Management $12,658 · Fundraising $1,592$248,319

IX-14 Information technologyPrograms $31,954 · Management $6,069 · Fundraising $2,203$40,226

IX-16 OccupancyPrograms $26,691 · Management $5,069 · Fundraising $1,840$33,600

IX-17 TravelPrograms $94,789 · Management $17,068 · Fundraising $13,337$125,194

IX-19 Conferences, conventions and meetingsPrograms $2,250 · Fundraising $385$2,635

IX-22 Depreciation, depletion and amortizationPrograms $7,345 · Management $1,395 · Fundraising $506$9,246

IX-23 InsurancePrograms $1,604 · Management $1,484$3,088

IX-24 Other expenses (24a–d)Programs $376,434$376,434

IX-24e All other expensesPrograms $57,178 · Management $2,222 · Fundraising $718$60,118

IX-25 Total functional expensesPrograms $2,896,142 · Management $188,241 · Fundraising $65,056$3,149,439

Part X · Balance sheet $2,234,680 assets, 19 lines filed

X-1 Cash, non-interest-bearingStart of year $335,076$632,738

X-2 Savings and temporary cash investmentsStart of year $704,000$759,000

X-3 Pledges and grants receivableStart of year $16,523$66,091

X-4 Accounts receivableStart of year $27,544$10,984

X-8 Inventories for sale or useStart of year $23,789$28,439

X-9 Prepaid expenses and deferred chargesStart of year $28,493$26,803

X-10c Land, buildings and equipment, netStart of year $4,123$3,595

X-11 Publicly traded securitiesStart of year $779,648$684,980

X-14 Intangible assetsStart of year $21,690$15,124

X-15 Other assetsStart of year $4,000$6,926

X-16 Total assetsStart of year $1,944,886$2,234,680

X-17 Accounts payable and accrued expensesStart of year $88,641$93,076

X-18 Grants payable$435,024

X-25 Other liabilities$2,926

X-26 Total liabilitiesStart of year $88,641$531,026

X-27 Net assets without donor restrictionsStart of year $1,338,210$1,372,317

X-28 Net assets with donor restrictionsStart of year $518,035$331,337

X-32 Total net assets or fund balancesStart of year $1,856,245$1,703,654

X-33 Total liabilities and net assetsStart of year $1,944,886$2,234,680

Part XI · Reconciliation of net assets $1,703,654 net assets at year end

XI-1 Total revenue$2,996,848

XI-2 Total expenses$3,149,439

XI-3 Revenue less expenses−$152,591

XI-4 Net assets at start of year$1,856,245

XI-10 Net assets at end of year$1,703,654

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Project Purple INC

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