Create Cures Foundation is a 501(c)(3) nonprofit organization dedicated to the purpose of promoting creative, educational and scientific programs aimed at ensuring healthy lives, improving the well-being of all ages and reducing mortality due to noncommunicable diseases like cancer, diabetes, cardiovascular and nuerodegenerative disease as well as obesity. We want everyone, even patients without financial means to be able to benefit from new knowledge and live a healthy, long life.the foundation's mission is to prevent illness and promote longer, healthier, and consequently happier lives as fundamental human rights as described in the "universal declaration of human rights" proclaimed by the united nations general assembly in paris in 1948.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$10K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $35K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$10K
to officers and key staff · 1.0% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $132K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$117K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 4 voting members
Looks good: 5 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$238K
Spent
$1.0M
To programs
87%
Net assets
$1.8M
By yearFY2020–FY2024
Revenue
$238K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$238K
FY2021$1.2M
FY2022$371K
FY2023$1.2M
FY2024$690K
Expenses
$1.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$929K
FY2022$670K
FY2023$691K
FY2024$671K
Net assets
$1.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$2.1M
FY2022$1.8M
FY2023$2.3M
FY2024$2.3M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2018.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $874K Management & general 12% · $121K Fundraising 1% · $9K

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

4 people listed on the 990; $10K paid to officers and key staff.

Part VII, Section A · reportable compensation
$5,000Pt VII · Sec A
$5,000Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Maria Cristina Villa’s $5K as Secretary is at the 2nd percentile of top reported officer pay among 902 $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.

See Create Cures Foundation executive salaries →

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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 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Promotes programs to prevent illness and ensure healthy, long lives for all.

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Provided by the organization

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2 programs · $874K · in their own filed words · FY2020
01

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

$447Kprogram expense
02

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…

$427Kprogram 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 · FY2024
Total grants receivedfrom 4 funders$132K
See all 4 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$238K
Ln 12
Other incomeLn 4–11$142K
Gifts and grantsLn 1h$84K
Fees for servicesLn 2g$13K
Money outPt IX
$1.0M
Ln 25
Programscol B$874K
Managementcol C$121K
Fundraisingcol D$9K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$469K
Total assetsLn 16$1.9M
LiabilitiesLn 26$117K
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$84K
Fees for servicesLn 2g$13K
Investment incomeLn 3$5
Other incomeLn 4–11$142K
Gains on assetsLn 7$0
Total revenueLn 12$238K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$469K
Cash and savings togetherLn 1–2$469K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$110K
Other assetsLn 15$339K
Total assetsLn 16$1.9M
LiabilitiesLn 26$117K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 58
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
LineStart FY20End FY20
Cash and savingsLn 1–2$1.3M$469K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$22K$110K
Total assetsLn 16$2.7M$1.9M
LiabilitiesLn 26$176K$117K
Net assetsLn 32$2.5M$1.8M
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$258K$258K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$10K$10K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$220K$220K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$14K$14K
Management feesLn 11a$0
Legal feesLn 11b$23K$23K
Accounting feesLn 11c$12K$12K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$106K$77K$28K
Advertising and promotionLn 12$23K$23K
Office expensesLn 13$9K$9K
Information technologyLn 14$20K$11K$9K
RoyaltiesLn 15$0
OccupancyLn 16$196K$196K
TravelLn 17$9K$9K
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$10K$10K
InsuranceLn 23$17K$5K$12K
Other expenses (24a–d)Ln 24$63K$36K$27K
All other expensesLn 24e$16K$8K$9K
Total functional expensesLn 25$1.0M$874K$121K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $690K$671K$19K$2.3M 990 PDF
FY2023 $1.2M$691K$550K$2.3M 990 PDF
FY2022 $371K$670K−$300K$1.8M 990 PDF
FY2021 $1.2M$929K$320K$2.1M 990 PDF
FY2020 Viewing $238K$1.0M−$765K$1.8M 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 F · Foreign O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $238,086 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,185,437$83,729
I-9 Program service revenue$12,849
I-10 Investment incomePrior year $3,097$5
I-11 Other revenuePrior year $394,230$141,503
I-12 Total revenuePrior year $1,582,764$238,086
I-13 Grants and similar amounts paidPrior year $315,775$257,646
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $170,355$244,017
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $791,610$501,675
I-18 Total expensesPrior year $1,277,740$1,003,338
I-19 Revenue less expensesPrior year $305,024−$765,252
Part VI · Governance 5 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $238,086 across 10 lines filed
VIII-1f All other contributions, gifts and grants$83,729
VIII-1h Total contributions, gifts and grants$83,729
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,849$12,849
VIII-3 Investment incomeExcluded from tax $5$5
VIII-5 RoyaltiesExcluded from tax $46,503$46,503
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-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $95,000$95,000
VIII-12 Total revenueRelated to mission $107,849 · Excluded from tax $46,508$238,086
Part IX · Statement of functional expenses $1,003,338 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 recipientsPrograms $257,646$257,646
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $10,000$10,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $219,579$219,579
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $14,438$14,438
IX-11a Management fees$0
IX-11b Legal feesManagement $23,143$23,143
IX-11c Accounting feesManagement $11,566$11,566
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $77,098 · Management $28,460$105,558
IX-12 Advertising and promotionPrograms $22,549$22,549
IX-13 Office expensesPrograms $8,876$8,876
IX-14 Information technologyPrograms $10,904 · Fundraising $8,887$19,791
IX-15 Royalties$0
IX-16 OccupancyPrograms $195,577$195,577
IX-17 TravelPrograms $8,684$8,684
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 amortizationPrograms $9,606$9,606
IX-23 InsurancePrograms $5,370 · Management $11,872$17,242
IX-24 Other expenses (24a–d)Programs $35,725 · Management $27,039$62,764
IX-24e All other expensesPrograms $7,523 · Management $8,796$16,319
IX-25 Total functional expensesPrograms $873,575 · Management $120,876 · Fundraising $8,887$1,003,338
Part X · Balance sheet $1,867,376 assets, 20 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $1,318,895$469,000
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 chargesStart of year $1,763$2,202
X-10c Land, buildings and equipment, netStart of year $22,361$109,916
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $946,601$947,158
X-15 Other assetsStart of year $402,680$339,100
X-16 Total assetsStart of year $2,692,300$1,867,376
X-18 Grants payableStart of year $140,000$70,000
X-25 Other liabilities$32,608
X-26 Total liabilitiesStart of year $176,480$116,808
X-27 Net assets without donor restrictionsStart of year $1,415,820$699,773
X-28 Net assets with donor restrictionsStart of year $1,100,000$1,050,795
X-32 Total net assets or fund balancesStart of year $2,515,820$1,750,568
X-33 Total liabilities and net assetsStart of year $2,692,300$1,867,376
Part XI · Reconciliation of net assets $1,750,568 net assets at year end
XI-1 Total revenue$238,086
XI-2 Total expenses$1,003,338
XI-3 Revenue less expenses−$765,252
XI-4 Net assets at start of year$2,515,820
XI-10 Net assets at end of year$1,750,568

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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