Create Cures Foundation EIN 47-2793776

Create Cures Foundation

EIN  47-2793776 Public charity (501(c)(3)) Santa Monica, CA
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Size
$100K–1M
What they do
Promotes programs to prevent illness and ensure healthy, long lives for all.
Leadership
Valter Longo · Chairman
Money in and out
$690K revenue, $671K expenses
Bottom line
73% program efficiency

Promotes programs to prevent illness and ensure healthy, long lives for all. For fiscal year 2024 it reported $690K in revenue, $671K in expenses, and $2.3M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$690K
Pt VIII · Ln 12
Total expenses
$671K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $19K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.22 Fundraising $0.05
Program efficiency
73%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
12.1mo
months of highly liquid reserves at operating expense rate▼ -49% vs prior filing year
Surplus margin
+3%
revenue over expenses, this year▼ -94% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$690K
FY2024▼ -44%
Expenses
$671K
FY2024▼ -3%
Total assets
$2.4M
FY2024▲ +1%
Total liabilities
$24K
FY2024▲ +37%
Total revenue
$690K
Pt VIII · Ln 12
Total expenses
$671K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$19K
Total assetsPt X · Ln 16$2.4M
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

2 program services account for $488K of program spending, described in the organization's own filed words · FY2024.
01

Assist patients and support the creation of a healthcare system that is efficient, effective and accessible to all-in particular for financially challenged individuals or those with serious health ISSUES/ support charitable and educational programming, provide nutritional counseling, development and fulfillment of educational projects…

$344Kprogram expense
02

Sensitize and educate adults and children around the world about nutrition and lifestyle as key to living healthier and longer lives.

$144Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCreate Cures Foundation
EINHdr · item D47-2793776
Principal addressHdr · item CSanta Monica, CA
WebsiteHdr · item Jcreatecures.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G80)
Ruling yearIRS BMFMay 2018

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 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

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Maria Cristina Villa’s $5K as Secretary is at the 3rd percentile of top reported officer pay among 901 $100K–1M 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.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Maria Cristina Villa$5,000$4,987$5,000$5,000
Raffaele Vardavas$5,000

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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Statement of Revenue

Part VIII
Contributions & grants$472K · 68%
Program service revenue$140K · 20%
Other revenue$43K · 6%
Investment income$34K · 5%
Contributions & grants68%$472K
Program service revenue20%$140K
Other revenue6%$43K
Investment income5%$34K
Total revenueLn 12$690K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.22 Fundraising $0.05
Program services73%$488K
Management & general22%$151K
Fundraising5%$32K
Total functional expensesLn 25$671K

Balance Sheet

Part X · end of year
CashLn 1$678K
Total assetsLn 16$2.4M
Total liabilitiesLn 26$24K
Total net assetsLn 32$2.3M
Months of cash on handcomputed12.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $678K · Operating expenses/yr $671K
12.1 months
Where the money goes
Program services
Program services $488K · Total expenses $671K
73%
Management & General
Management & general $151K · Total expenses $671K
22%
Fundraising
Fundraising $32K · Total expenses $671K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $30K · Solicited contributions (3-yr avg) $602K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $472K · Total revenue $690K
68%
Government reliance
Government grants — · Total revenue $690K
Earned-income share
Program service revenue $140K · Total revenue $690K
20%
Investment reliance
Investment income $34K · Total revenue $690K
+5%
Program self-sufficiency
Program service revenue $140K · Total expenses $671K
21%
Growth & trend
Revenue growth (YoY)
This year $690K · Prior year $1.2M
-44%
Revenue CAGR
FY2020 $238K · FY2024 $690K
+30%
Net-asset trend (YoY)
End of year $2.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $690K · Expenses $671K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $2.4M
Net-asset ratio
Net assets $2.3M · Total assets $2.4M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Valter Longo · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $671K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $200K · Total expenses $671K
30%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 22%
Fundraising cost ratio 7%
Revenue growth -44%
Accounting fee ratio 2%

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 4 funders$132K
See all 4 funders →

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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
FY2024 (Latest)$690K revenue · viewing · ⤓ 990 PDF
FY2023$1.2M revenue · ⤓ 990 PDF
FY2022$371K revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$238K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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