The mission is to bridge the gap between innovative, early-stage cancer research and sucessful development of high-impact oncology products. Use a new paradigm for funding cancer research and trialblazing entrepreneurs.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
5 of 5
filings with a surplus
Average surplus $3.1M a year · 93% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$20K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
72 mo
of spending, in cash
Plus $13.6M in investments, Pt X · Ln 11–13
Looks good: 72.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $876K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
0.02% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
-24% vs prior year
Spent
$225K
To programs
73%
Net assets
$16.1M
By yearFY2020–FY2024
Revenue
$1.6M
FY2024▼ -24%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.8M
FY2021$3.3M
FY2022$3.9M
FY2023$2.1M
FY2024$1.6M
Expenses
$225K
FY2024▼ -65%
Tap a bar for its year
Expenses by fiscal year
FY2020$87K
FY2021$7K
FY2022$176K
FY2023$649K
FY2024$225K
Net assets
$16.1M
FY2024▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.7M
FY2021$9.6M
FY2022$13.3M
FY2023$14.8M
FY2024$16.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2019.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $165K Management & general 12% · $26K Fundraising 15% · $33K

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

10 people listed on the 990; $20K paid to officers and key staff.

Part VII, Section A · reportable compensation
Co-Founder and CEO
$20,000Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director (served Effective August 2024)
$0Pt VII · Sec A
Director (served Thru April 2024)
$0Pt VII · Sec A

Sujuan Ba’s $20K as Co-Founder and CEO is at the 3rd 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.

See Aim-Hi Accelerator Fund INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds early-stage cancer research and entrepreneurs to develop impactful oncology products.

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Provided by the organization

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2 programs · $165K · in their own filed words · FY2024
01

Leveraging immediately deployable venture philanthropy funding to provide seed funding and sustainable impact investment for oncology start-ups to bridge the "Valley of Death" funding gap and bring innovative new therapies, diagnostics and cancer prevention to patients.

$151Kprogram expense
02

Cancer Awareness

$14Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$876K
Grants paid · 5 grants · $50K · 2022–2024
Georgetown UniversityDC · FY2024$10,000
March Biosciences INCFY2023$10,000
Georgetown UniversityDC · FY2023$10,000
Beliver Pharmaceuticals INCFY2022$10,000
Riverwalk Therapeutics INCFY2022$10,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.5M
Investment incomeLn 3$87K
Money outPt IX
$225K
Ln 25
Programscol B$165K
Managementcol C$26K
Fundraisingcol D$33K
Owns and owesPt X
$16.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$16.1M
LiabilitiesLn 26$3K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$87K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$122K
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$13.6M
Total assetsLn 16$16.1M
LiabilitiesLn 26$3K
Net assetsLn 32$16.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
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 FY24End FY24
Cash and savingsLn 1–2$1.5M$1.4M
InvestmentsLn 11–13$12.4M$13.6M
Total assetsLn 16$14.8M$16.1M
LiabilitiesLn 26$5K$3K
Net assetsLn 32$14.8M$16.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$20K$20K
Pay of current officers, directors and key staffLn 5$20K$15K$2K$2K
Legal feesLn 11b$48K$24K$24K
Office expensesLn 13$86$86
Information technologyLn 14$21K$14K$7K
TravelLn 17$17K$17K
Conferences, conventions and meetingsLn 19$100K$100K
Total functional expensesLn 25$225K$165K$26K$33K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.6M$225K$1.3M$16.1M 990 PDF
FY2023 $2.1M$649K$1.4M$14.8M 990 PDF
FY2022 $3.9M$176K$3.7M$13.3M 990 PDF
FY2021 $3.3M$7K$3.3M$9.6M 990 PDF
FY2020 $5.8M$87K$5.7M$5.7M 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 O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,566,732 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,022,246$1,480,019
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $47,648$86,713
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,069,894$1,566,732
I-13 Grants and similar amounts paidPrior year $25,000$20,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$20,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $624,482$185,102
I-18 Total expensesPrior year $649,482$225,102
I-19 Revenue less expensesPrior year $1,420,412$1,341,630
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
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 $1,566,732 across 11 lines filed
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$1,480,019
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$1,480,019
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $86,713$86,713
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $86,713$1,566,732
Part IX · Statement of functional expenses $225,102 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $20,000$20,000
IX-5 Pay of current officers, directors and key staffPrograms $15,000 · Management $2,500 · Fundraising $2,500$20,000
IX-11b Legal feesManagement $23,785 · Fundraising $23,784$47,569
IX-13 Office expensesManagement $86$86
IX-14 Information technologyPrograms $14,125 · Fundraising $7,062$21,187
IX-17 TravelPrograms $16,608$16,608
IX-19 Conferences, conventions and meetingsPrograms $99,652$99,652
IX-25 Total functional expensesPrograms $165,385 · Management $26,371 · Fundraising $33,346$225,102
Part X · Balance sheet $16,114,527 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $719,235$122,259
X-2 Savings and temporary cash investmentsStart of year $797,648$1,234,362
X-3 Pledges and grants receivableStart of year $850,000$1,170,000
X-13 Program-related investmentsStart of year $12,407,906$13,587,906
X-16 Total assetsStart of year $14,774,789$16,114,527
X-17 Accounts payable and accrued expensesStart of year $4,975$3,083
X-26 Total liabilitiesStart of year $4,975$3,083
X-27 Net assets without donor restrictionsStart of year $2,361,908$2,523,538
X-28 Net assets with donor restrictionsStart of year $12,407,906$13,587,906
X-32 Total net assets or fund balancesStart of year $14,769,814$16,111,444
X-33 Total liabilities and net assetsStart of year $14,774,789$16,114,527
Part XI · Reconciliation of net assets $16,111,444 net assets at year end
XI-1 Total revenue$1,566,732
XI-2 Total expenses$225,102
XI-3 Revenue less expenses$1,341,630
XI-4 Net assets at start of year$14,769,814
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$0
XI-10 Net assets at end of year$16,111,444

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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