Translational Stem Cell Therapy FY2021 filing

Gilbert, AZUnknown exempt organization EIN 27-4358901Revenue $512K in FY2021

On file with the IRS3497 S Mercy Road · Gilbert, AZ

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The Foundation will operate as a public charity to raise awareness of the medical benefits of stem cell research, foster increased donations by the public of cord blood and perform research on cord blood stem cells.

98¢ of each $1 spent went to programs.
$62K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $195K a year · 39% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$62K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
27 mo
of spending, in cash
Looks good: 27.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $13K
Fine: 1 funder names 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
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$512K
+3% vs prior year
Spent
$222K
To programs
98%
Net assets
$513K
By yearFY2020–FY2022
Revenue
$512K
FY2021▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$496K
FY2021$512K
FY2022$0
Expenses
$222K
FY2021▼ -44%
Tap a bar for its year
Expenses by fiscal year
FY2020$394K
FY2021$222K
FY2022Not on file
Net assets
$513K
FY2021▲ +130%
Tap a bar for its year
Net assets by fiscal year
FY2020$223K
FY2021$513K
FY2022Not on file

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $217K Management & general 2% · $5K

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

2 people listed on the 990; $62K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director/Presid
$62,400Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Lorri Lawson$62,400$62,400$62,400

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

Promotes stem cell research benefits, encourages cord blood donations, and funds cord blood stem cell research.

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Provided by the organization

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1 program · $217K · in their own filed words · FY2021
01

Provided educational and financial support to promote cord blood banking awareness provided financial assistance for cord blood processing costs.

$217Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2019
Total grants receivedfrom 1 funder$13K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$512K
Ln 12
Gifts and grantsLn 1h$512K
Money outPt IX
$222K
Ln 25
Programscol B$217K
Managementcol C$5K
Owns and owesPt X
$513K
net assets · Ln 32
Cash and savingsLn 1–2$508K
Total assetsLn 16$513K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$512K
Government grantsLn 1e$13K
Gains on assetsLn 7$0
Total revenueLn 12$512K
Assets in detailPt X, end of year
CashLn 1$508K
SavingsLn 2$0
Cash and savings togetherLn 1–2$508K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$5K
Total assetsLn 16$513K
LiabilitiesLn 26$0
Net assetsLn 32$513K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$233K$508K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$238K$513K
LiabilitiesLn 26$15K$0
Net assetsLn 32$223K$513K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
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$62K$62K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$5K$5K
Management feesLn 11a$0
Legal feesLn 11b$470$470
Accounting feesLn 11c$5K$5K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$193$193
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
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$0
Other expenses (24a–d)Ln 24$150K$150K
All other expensesLn 24e$0
Total functional expensesLn 25$222K$217K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $0 990 PDF
FY2021 Viewing $512K$222K$290K$513K 990 PDF
FY2020 $496K$394K$101K$223K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $512,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $495,632$512,000
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $495,632$512,000
I-13 Grants and similar amounts paidPrior year $7,500$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $67,225$67,008
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $319,723$155,292
I-18 Total expensesPrior year $394,448$222,300
I-19 Revenue less expensesPrior year $101,184$289,700
Part VI · Governance 0 of 2 board members independent, 2 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $512,000 across 9 lines filed
VIII-1e Government grants$13,000
VIII-1f All other contributions, gifts and grants$499,000
VIII-1h Total contributions, gifts and grants$512,000
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$512,000
Part IX · Statement of functional expenses $222,300 across 31 lines filed
IX-1 Grants to domestic organizations$0
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 staffPrograms $62,400$62,400
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $4,608$4,608
IX-11a Management fees$0
IX-11b Legal feesManagement $470$470
IX-11c Accounting feesManagement $4,629$4,629
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $193$193
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
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 Insurance$0
IX-24 Other expenses (24a–d)Programs $150,000$150,000
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $217,201 · Management $5,099 · Fundraising $0$222,300
Part X · Balance sheet $512,606 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $232,516$507,606
X-2 Savings and temporary cash investments$0
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 assetsStart of year $5,000$5,000
X-16 Total assetsStart of year $237,516$512,606
X-26 Total liabilitiesStart of year $14,610$0
X-32 Total net assets or fund balancesStart of year $222,906$512,606
X-33 Total liabilities and net assetsStart of year $237,516$512,606
Part XI · Reconciliation of net assets $512,606 net assets at year end
XI-1 Total revenue$512,000
XI-2 Total expenses$222,300
XI-3 Revenue less expenses$289,700
XI-4 Net assets at start of year$222,906
XI-10 Net assets at end of year$512,606

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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