Sumaira Foundation FY2021 filing

Somerville, MA · Public charity (501(c)(3)) · Medical Research

✓ Tax-deductible Latest data FY2021
Revenue
$310K
▲ +96% vs prior year
Spent
$121K
To programs
79%
Net assets
$247K
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).

Figures match the IRS filing checked 9/26/26 · see original: IRS

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
3 funders, incl. Dorchester Foundation
$25K in the latest grant year.
Spent on programs?
79% to programs
Form 990 Part IX, latest filing.
Size and trend
$1–10M
↑ +96% vs prior year
Legal name (IRS)Hdr · item CSumaira Foundation
EINHdr · item D47-2398246
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFDec 2014
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CSomerville, MA
NTEE classificationIRS BMFMedical Research (H96)
WebsiteHdr · item Jwww.sumairafoundation.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21
Program services79%$95K
Management & general21%$25K
Total functional expensesLn 25$121K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$310K
FY2021▲ +96%
Expenses
$121K
FY2021▲ +2%
Program efficiency
79%
of spending reaches programs
Operating runway
29.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+61%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$356K
FY2021▲ +115%
Total liabilities
$109K
FY2021▲ +1%
Revenue less expensesPt I · Ln 19$189K
Total assetsPt X · Ln 16$356K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$299K
Total assetsLn 16$356K
Total liabilitiesLn 26$109K
Total net assetsLn 32$247K
Months of cash on handcomputed29.8

Statement of Revenue

Part VIII
Contributions & grants$303K · 98%
Other revenue$7K · 2%
Contributions & grants98%$303K
Other revenue2%$7K
Total revenueLn 12$310K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $299K · Operating expenses/yr $121K
29.8 months
Where the money goes
Program services
Program services $95K · Total expenses $121K
79%
Management & General
Management & general $25K · Total expenses $121K
21%
Fundraising
Fundraising $0 · Total expenses $121K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $223K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $303K · Total revenue $310K
98%
Government reliance
Government grants — · Total revenue $310K
—
Earned-income share
Program service revenue $0 · Total revenue $310K
0%
Investment reliance
Investment income $0 · Total revenue $310K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $121K
0%
Growth & trend
Revenue growth (YoY)
This year $310K · Prior year $158K
+96%
Net-asset trend (YoY)
End of year $247K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $310K · Expenses $121K
+61%
Liabilities-to-Assets
Total liabilities — · Total assets $356K
—
Net-asset ratio
Net assets $247K · Total assets $356K
70%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $356K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sumaira Ahmed · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $121K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $121K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%——
Overhead ratio 21%——
Fundraising cost ratio 0%——
Revenue growth 96%——

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.

Leadership and pay

Officers, Directors & Key Employees

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

Sumaira Ahmed’s $300K as President is at the 84th 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022
Sumaira Ahmed$300,305$307,193$224,539
Michael Devlin$284,583$280,464$210,719

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.

See Sumaira Foundation executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Raises awareness, funds cures, and supports patients with Neuromyelitis Optica Spectrum Disorder.

Provided by the organization

This section is blank until Sumaira Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $38K of program spending, described in the organization's own filed words · FY2021.
01

Grants to facilitate research for the treatment of neuromyelitis optica.

$23Kprogram expense
02

From the Experts

A facebook live series designed to educate and discuss a variety of topics relevant to our community. Each webinar is hosted by an expert in the field and offers viewers a chance to ask questions in real time.

$8Kprogram expense
03

Working to generate global awareness of neuromyelitis optica spectrum disorder (nmosd), and creating a community of support for patients + their caregivers.

$7Kprogram expense

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Funders

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

Grants

Schedule I · received and paid
Grants received · FY2024
Global GenesFY2024$9K
Total grants receivedfrom 3 funders$25K
See all 3 funders →
Grants paid · 13 grants · $349K · 2020–2024
Unitemized GrantFY2024$20,828
Mayo Clinic JacksonvilleMN · FY2022$25,000
University of UtahUT · FY2022$25,000
New York University School of Medicine - Sponsored ProgramsNY · FY2021$25,000
Connor B Judge FoundationFY2021$7,500
University of UtahUT · FY2020$25,000

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $1.3M$1.3M-24% 990 PDF
FY2023 $1.8M$1.5M+21% 990 PDF
FY2022 $1.5M$1.4M+370% 990 PDF
FY2021 Viewing $310K$121K+96% 990 PDF
FY2020 $158K$118K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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