Polybio Research Foundation FY2021 filing

Medford, MA · Public charity (501(c)(3))

✓ Tax-deductible Latest data FY2021
Revenue
$623K
▲ ×26 vs prior year
Spent
$34K
To programs
34%
Net assets
$612K
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).

Figures match the IRS filing checked 8/25/26 · see original: IRS

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Donovan-Hale Family Foundation
$25K in the latest grant year.
Spent on programs?
34% to programs
Form 990 Part IX, latest filing.
Size and trend
$1–10M
↑ ×26 vs prior year
Legal name (IRS)Hdr · item CPolybio Research Foundation
EINHdr · item D84-5157239
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 2020
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CMedford, MA
NTEE classificationIRS BMFNonprofit

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.34 Management & general $0.66
Program services34%$12K
Management & general66%$23K
Total functional expensesLn 25$34K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$623K
FY2021▲ ×26
Expenses
$34K
FY2021
Program efficiency
34%
of spending reaches programs
Operating runway
214.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+94%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$615K
FY2021
Total liabilities
$3K
FY2021
Revenue less expensesPt I · Ln 19$588K
Total assetsPt X · Ln 16$615K
Program-expense ratioPt IX · col B34%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$615K
Total assetsLn 16$615K
Total liabilitiesLn 26$3K
Total net assetsLn 32$612K
Months of cash on handcomputed214.8

Statement of Revenue

Part VIII
Contributions & grants100%$623K
Total revenueLn 12$623K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $615K · Operating expenses/yr $34K
214.8 months
Where the money goes
Program services
Program services $12K · Total expenses $34K
34%
Management & General
Management & general $23K · Total expenses $34K
66%
Fundraising
Fundraising $0 · Total expenses $34K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $623K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $623K · Total revenue $623K
100%
Government reliance
Government grants — · Total revenue $623K
—
Earned-income share
Program service revenue $0 · Total revenue $623K
0%
Investment reliance
Investment income $0 · Total revenue $623K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $34K
0%
Growth & trend
Revenue growth (YoY)
This year $623K · Prior year $24K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $612K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $623K · Expenses $34K
+94%
Liabilities-to-Assets
Total liabilities — · Total assets $615K
—
Net-asset ratio
Net assets $612K · Total assets $615K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $615K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Amy Proal · Reported title PRESIDENT · Highest reported compensation $8K · Total expenses $34K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $9K · Total expenses $34K
26%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 34%——
Overhead ratio 66%——
Fundraising cost ratio 0%——
Revenue growth ×26——
Legal fee ratio 22%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$7,692Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Amy Proal$185,000$160,000$52,691$7,692

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 Polybio Research Foundation executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
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

Mission and programs

Funds research into health and complex illnesses.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $12K of program spending, described in the organization's own filed words · FY2021.
01

We conceptualize collaborative research projects on ME/CFS, longcovid and related infection-associated chronic conditions. Our projects study "root cause" drivers of these conditions, and combine the skills of virologists, neuroscientists, pathologists, microbiome experts and patient advocates to maximize impact.

$12Kprogram expense

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Funders

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$25K
Grants paid · 28 grants · $29.0M · 2022–2024
Regents of the University of California San FranciscoFY2024$3,203,968
University of Pennsylvania School of MedicineFY2024$2,091,756
NYU Grossman School of MedicineFY2024$999,812
Yale UniversityFY2024$575,000
J Craig Venter Institute INCCA · FY2024$290,025
Umass Chan Medical SchoolFY2024$250,000
Stratevi LLCFY2024$201,000
Amici LovaniensesFY2024$159,128
Georgetown UniversityDC · FY2024$129,305
Brigham and Womens HospitalFY2024$93,128
Unitemized GrantFY2024$60,000
Stanford UniversityFY2024$57,330
University of Texas SouthwesternFY2024$11,124
University of California San FranciscoFY2023$5,078,544
Mass General BrighamFY2023$3,342,539
J Craig Venter Institute INCCA · FY2023$2,091,632
See all 28 grants →

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $4.3M$14.1M-75% 990 PDF
FY2023 $17.4M$18.6M-3% 990 PDF
FY2022 $17.9M$4.3M×29 990 PDF
FY2021 Viewing $623K$34K×26 990 PDF
FY2020 $24K— 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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