Seeking a cure or preventative treatment for Nf2 by vigorously supporting and advancing existing and next generation biomedical technologies such as gene transfer therapy and immunontherapy

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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 surplus $31K a year · 6% 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
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
14 mo
of spending, in cash
Looks good: 14.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $93K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$102K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 11 voting members
Concern: none of 11 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$708K
Spent
$537K
To programs
88%
Net assets
$536K
By yearFY2020–FY2024
Revenue
$708K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$708K
FY2021$544K
FY2022$419K
FY2023$772K
FY2024$226K
Expenses
$537K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$537K
FY2021$386K
FY2022$308K
FY2023$966K
FY2024$317K
Net assets
$536K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$536K
FY2021$694K
FY2022$805K
FY2023$610K
FY2024$520K

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 Jul 2018.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $475K Management & general 1% · $7K Fundraising 10% · $55K

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

11 people listed on the 990.

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

Nicole Henwood’s $13K as President is at the 7th 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

NameFY2024FY2023FY2022
Nicole Henwood$12,800$49,600—
Gilles Atlan$3,200$16,000$30,400

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 Nf2 Biosolutions 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 15aNo

Programs and updates

Fund research and advance therapies to find a cure for NF2.

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Provided by the organization

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1 program · $475K · in their own filed words · FY2020
01

The organization is funding research into a cure for NF2. The organization arranged a consortium in 2019, which was attended by leading experts in the fields of NF2 research and gene therapy.

$475Kprogram 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
See all 5 funders →
Grants paid · 24 grants · $1.7M · 2020–2024
Mass Gen Development OfficeFY2024$60,000
Yale UniversityCT · FY2024$36,351
Individual RecipientFY2024$5,791
Individual RecipientFY2023$521,000
Mass Gen Development OfficeFY2023$60,512
Indiana UniversityIN · FY2023$47,007
Yale UniversityCT · FY2023$36,351
Williams Cancer FoundationAL · FY2023$35,436
Individual RecipientFY2023$30,200
Cell Culture Company LLCFY2023$1,838
Yale UniversityCT · FY2022$72,702
Mass Gen Development OfficeFY2022$20,000
Chop Research InstitutePA · FY2022$7,983
See all 24 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$708K
Ln 12
Gifts and grantsLn 1h$708K
Money outPt IX
$537K
Ln 25
Programscol B$475K
Managementcol C$7K
Fundraisingcol D$55K
Owns and owesPt X
$536K
net assets · Ln 32
Cash and savingsLn 1–2$638K
Total assetsLn 16$638K
LiabilitiesLn 26$102K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$708K
Total revenueLn 12$708K
Assets in detailPt X, end of year
CashLn 1$638K
Cash and savings togetherLn 1–2$638K
Total assetsLn 16$638K
LiabilitiesLn 26$102K
Net assetsLn 32$536K
OperationsPt I, VI
EmployeesI 50
VolunteersI 660
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$365K$638K
Total assetsLn 16$365K$638K
LiabilitiesLn 26$0$102K
Net assetsLn 32$365K$536K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$475K$475K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$48K$48K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$37$37
TravelLn 17$288$288
InsuranceLn 23$743$743
Total functional expensesLn 25$537K$475K$7K$55K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $226K$317K−$91K$520K 990 PDF
FY2023 $772K$966K−$194K$610K 990 PDF
FY2022 $419K$308K$110K$805K 990 PDF
FY2021 $544K$386K$158K$694K 990 PDF
FY2020 Viewing $708K$537K$171K$536K 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 FY2020 990 (6 parts)
Part I · Summary $708,384 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $449,651$708,384
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $449,651$708,384
I-13 Grants and similar amounts paidPrior year $132,500$474,696
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $73,668$62,495
I-18 Total expensesPrior year $206,168$537,191
I-19 Revenue less expensesPrior year $243,483$171,193
Part VI · Governance 0 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $708,384 across 3 lines filed
VIII-1f All other contributions, gifts and grants$708,384
VIII-1h Total contributions, gifts and grants$708,384
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$708,384
Part IX · Statement of functional expenses $537,191 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $474,696$474,696
IX-11c Accounting feesManagement $6,000$6,000
IX-11g Other fees for servicesFundraising $48,321$48,321
IX-12 Advertising and promotionFundraising $7,106$7,106
IX-13 Office expensesManagement $37$37
IX-17 TravelPrograms $288$288
IX-23 InsuranceManagement $743$743
IX-25 Total functional expensesPrograms $474,984 · Management $6,780 · Fundraising $55,427$537,191
Part X · Balance sheet $638,177 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $365,084$638,177
X-16 Total assetsStart of year $365,084$638,177
X-24 Unsecured notes and loans payable$101,900
X-26 Total liabilitiesStart of year $0$101,900
X-27 Net assets without donor restrictionsStart of year $365,084$536,277
X-32 Total net assets or fund balancesStart of year $365,084$536,277
X-33 Total liabilities and net assetsStart of year $365,084$638,177
Part XI · Reconciliation of net assets $536,277 net assets at year end
XI-1 Total revenue$708,384
XI-2 Total expenses$537,191
XI-3 Revenue less expenses$171,193
XI-4 Net assets at start of year$365,084
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$536,277

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

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