Caring Cross INC FY2022 filing

Tax-deductible

Gaithersburg, MD501(c)(3)Since 2017Medical ResearchEIN 81-5088460Revenue $3.0M in FY2022

On file with the IRScaringcross.org910 Clopper Rd Ste 200s, 20878-1361 · Gaithersburg, MDTax-exempt since Feb 2020Publicly supported charity — 170(b)(1)(A)(vi)

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Provides support to U.S. hospitals by accelerating the development of advanced medicines and ensuring access for ALL patients by organizing and supporting a community of caregivers innovators volunteers and partners.

501(c)(3) charity; gifts are tax-deductible.
58¢ of each $1 spent went to programs.
$493K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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 surplus $2.1M a year · 34% 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
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$493K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2.0M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$364K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 16 voting members
Looks good: 14 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.0M
-11% vs prior year
Spent
$4.0M
To programs
58%
Net assets
$1.6M
By yearFY2020–FY2024
Revenue
$3.0M
FY2022▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$3.4M
FY2022$3.0M
FY2023$17.8M
FY2024$6.4M
Expenses
$4.0M
FY2022▲ +128%
Tap a bar for its year
Expenses by fiscal year
FY2020$136K
FY2021$1.7M
FY2022$4.0M
FY2023$4.8M
FY2024$10.3M
Net assets
$1.6M
FY2022▼ -40%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$2.6M
FY2022$1.6M
FY2023$14.5M
FY2024$10.5M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Feb 2020.

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

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $2.3M Management & general 42% · $1.7M

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

16 people listed on the 990; $493K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director Founder
$270,846Pt VII · Sec A
Scientific Director Founder
$222,144Pt 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

Rimas Orentas PHD End 92024’s $227K as Scientific Dir., Founder, Sec, Pres is at the 68th 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Boro Dropulic PHD MBA$144,119$140,000$270,846$113,077—
Rimas Orentas PHD—$250,704$222,144$72,772—
Rimas Orentas PHD End 92024$226,676————
Zhongyu Zhu$226,058————
Megan Forrest$199,365————
Beatrix Ferencz$157,526————
Ibe Oparaocha$153,078————
Kara Anlauf$145,555————

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

Accelerates medicine development and ensures patient access by uniting caregivers, innovators, volunteers, and partners.

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Provided by the organization

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2 programs · $2.0M · in their own filed words · FY2022
01

University of Delaware

NIIMBL Research Development and Testbeds to Help the Nation Prevent Prepare for and Respond to Coronavirus.

$1.3Mprogram expense
02

The Bill and Melinda Gates Foundation

Caring Cross is working to develop and test solutions for treatment of HIV AIDS and sickle cell diseases.

$691Kprogram 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 1 funder$2.0M

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$3.0M
Ln 12
Gifts and grantsLn 1h$2.9M
Fees for servicesLn 2g$79K
Investment incomeLn 3$6K
Money outPt IX
$4.0M
Ln 25
Programscol B$2.3M
Managementcol C$1.7M
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$895K
Total assetsLn 16$1.9M
LiabilitiesLn 26$364K
PeoplePt VI, VII
16
listed · VII A
PaidVII A2
Voting boardVI 1a16
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.9M
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$79K
Investment incomeLn 3$6K
Gains on assetsLn 7$0
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$252K
SavingsLn 2$643K
Cash and savings togetherLn 1–2$895K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$656K
Other assetsLn 15$0
Total assetsLn 16$1.9M
LiabilitiesLn 26$364K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
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 FY22End FY22
Cash and savingsLn 1–2$2.3M$895K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$299K$656K
Total assetsLn 16$2.7M$1.9M
LiabilitiesLn 26$130K$364K
Net assetsLn 32$2.6M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$495K$486K$9K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$950K$913K$37K$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$103K$0$103K$0
Payroll taxesLn 10$97K$0$97K$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$143K$0$143K$0
Accounting feesLn 11c$22K$0$22K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$360$0$360$0
Office expensesLn 13$0$0$0$0
Information technologyLn 14$79K$0$79K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$173K$0$173K$0
TravelLn 17$11K$1K$9K$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$116K$0$116K$0
InsuranceLn 23$11K$0$11K$0
Other expenses (24a–d)Ln 24$1.4M$822K$588K$0
All other expensesLn 24e$375K$74K$300K$0
Total functional expensesLn 25$4.0M$2.3M$1.7M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $6.4M$10.3M−$3.9M$10.5M 990 PDF
FY2023 $17.8M$4.8M$13.0M$14.5M 990 PDF
FY2022 Viewing $3.0M$4.0M−$1.0M$1.6M 990 PDF
FY2021 $3.4M$1.7M$1.6M$2.6M 990 PDF
FY2020 $1.1M$136K$1.0M$1.0M 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
See the full FY2022 990 (6 parts)
Part I · Summary $2,984,742 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,355,409$2,899,434
I-9 Program service revenuePrior year $0$79,125
I-10 Investment incomePrior year $3$6,183
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,355,412$2,984,742
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $568,586$1,644,859
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,175,908$2,339,967
I-18 Total expensesPrior year $1,744,494$3,984,826
I-19 Revenue less expensesPrior year $1,610,918−$1,000,084
Part VI · Governance 14 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members14
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,984,742 across 16 lines filed
Lines not itemized here account for $79,125 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$2,899,434
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$2,899,434
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$6,183
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$2,984,742
Part IX · Statement of functional expenses $3,984,826 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $486,054 · Management $9,100 · Fundraising $0$495,154
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $912,971 · Management $37,061 · Fundraising $0$950,032
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $102,917 · Fundraising $0$102,917
IX-10 Payroll taxesPrograms $0 · Management $96,756 · Fundraising $0$96,756
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $143,305 · Fundraising $0$143,305
IX-11c Accounting feesPrograms $0 · Management $21,753 · Fundraising $0$21,753
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $360 · Fundraising $0$360
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-14 Information technologyPrograms $0 · Management $79,010 · Fundraising $0$79,010
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $173,429 · Fundraising $0$173,429
IX-17 TravelPrograms $1,275 · Management $9,296 · Fundraising $0$10,571
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $116,187 · Fundraising $0$116,187
IX-23 InsurancePrograms $0 · Management $10,705 · Fundraising $0$10,705
IX-24 Other expenses (24a–d)Programs $822,272 · Management $587,711 · Fundraising $0$1,409,983
IX-24e All other expensesPrograms $74,431 · Management $300,233 · Fundraising $0$374,664
IX-25 Total functional expensesPrograms $2,297,003 · Management $1,687,823 · Fundraising $0$3,984,826
Part X · Balance sheet $1,942,182 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $2,062,843$252,067
X-2 Savings and temporary cash investmentsStart of year $262,788$643,099
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$376,695
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $113,772$0
X-10c Land, buildings and equipment, netStart of year $299,299$655,797
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $10,514$14,524
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $2,749,216$1,942,182
X-17 Accounts payable and accrued expensesStart of year $129,843$364,092
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $129,843$364,092
X-27 Net assets without donor restrictionsStart of year $2,550,274$1,550,191
X-28 Net assets with donor restrictionsStart of year $69,099$27,899
X-32 Total net assets or fund balancesStart of year $2,619,373$1,578,090
X-33 Total liabilities and net assetsStart of year $2,749,216$1,942,182
Part XI · Reconciliation of net assets $1,578,090 net assets at year end
XI-1 Total revenue$2,984,742
XI-2 Total expenses$3,984,826
XI-3 Revenue less expenses−$1,000,084
XI-4 Net assets at start of year$2,619,373
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$41,199
XI-10 Net assets at end of year$1,578,090

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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