Ards Foundation EIN 36-4412041

Ards Foundation FY2020 filing

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Educates the public about ARDS and funds medical research. For fiscal year 2020 it reported $53K in revenue, $31K in expenses, and $28K in net assets.Pt I

Type
Public charity (501(c)(3)) · Diseases & Disorders
Location
Northbrook, IL
Website
www.ardsusa.org
Filings
4 on file (2020–2020)
Revenue
$53KFY2020
Expenses
$31K
Net assets
$28K
People
4
Filings
4
Updates
0
More identity details & actions ⌄
EIN  36-4412041 Public charity (501(c)(3)) Northbrook, IL
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →
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Size
<$100K
What they do
Educates the public about ARDS and funds medical research.
Leadership
Eileen Rubin · President and Secretary · $2K
Money in and out
$53K revenue, $31K expenses
Bottom line
100% program efficiency
Where the money goes · FY2020
Total revenue
$53K
Pt VIII · Ln 12
Total expenses
$31K
Pt IX · Ln 25
Net assets
$28K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $22K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
10.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+42%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$53K
FY2020
Expenses
$31K
FY2020
Total assets
$30K
FY2020
Total liabilities
$3K
FY2020
Total revenue
$53K
Pt VIII · Ln 12
Total expenses
$31K
Pt IX · Ln 25
Net assets
$28K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$22K
Total assetsPt X · Ln 16$30K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $31K of program spending, described in the organization's own filed words · FY2020.
01

To increase public awareness of ards and to provide education and financial assistance for medical research.

$31Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CArds Foundation
EINHdr · item D36-4412041
Principal addressHdr · item CNorthbrook, IL
WebsiteHdr · item Jwww.ardsusa.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G128)
Ruling yearIRS BMFFeb 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President and Secretary
$2,500Pt VII · Sec A
Vice President and Treasur
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Eileen Rubin’s $2K as President and Secretary is at the 6th percentile of top reported officer pay among 152 <$100K diseases & disorders 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.

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Statement of Revenue

Part VIII
Contributions & grants100%$53K
Total revenueLn 12$53K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$31K
Total functional expensesLn 25$31K

Balance Sheet

Part X · end of year
CashLn 1$27K
Total assetsLn 16$30K
Total liabilitiesLn 26$3K
Total net assetsLn 32$28K
Months of cash on handcomputed10.7

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $27K · Operating expenses/yr $31K
10.7 months
Where the money goes
Program services
Program services $31K · Total expenses $31K
100%
Management & General
Management & general $0 · Total expenses $31K
0%
Fundraising
Fundraising $0 · Total expenses $31K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $53K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $53K · Total revenue $53K
100%
Government reliance
Government grants — · Total revenue $53K
Earned-income share
Program service revenue $0 · Total revenue $53K
0%
Investment reliance
Investment income $0 · Total revenue $53K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $31K
0%
Growth & trend
Revenue growth (YoY)
This year $53K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $28K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $53K · Expenses $31K
+42%
Liabilities-to-Assets
Total liabilities — · Total assets $30K
Net-asset ratio
Net assets $28K · Total assets $30K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $30K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Eileen Rubin · Reported title PRESIDENT AND SECRETARY · Highest reported compensation $2K · Total expenses $31K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $31K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Accounting fee ratio 14%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$25

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$27K revenue · ⤓ 990 PDF
FY2022$12K revenue · ⤓ 990 PDF
FY2021$18K revenue · ⤓ 990 PDF
FY2020$53K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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