Lmsarcoma Direct Research Foundation EIN 87-0763851 Form 990 (PDF) Claim this org

Lmsarcoma Direct Research Foundation

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Fund research and connect patients with information to find a cure for Leiomyosarcoma. For fiscal year 2024 it reported $1.5M in revenue, $330K in expenses, and $2.1M in net assets.Pt I

Type
Public charity (501(c)(3)) · Science & Technology
Location
Tulsa, OK
Website
lmsdr.org
Filings
4 on file (2021–2024)
Revenue
$1.5MFY2024
Expenses
$330K
Net assets
$2.1M
People
4
Filings
4
Updates
0
More identity details & actions ⌄
EIN  87-0763851 Public charity (501(c)(3)) Tulsa, OK
Form 990 (PDF)
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Size
$1–10M
What they do
Fund research and connect patients with information to find a cure for Leiomyosarcoma.
Leadership
Sharon Anderson · President
Money in and out
$1.5M revenue, $330K expenses
Bottom line
98% program efficiency
Where the money goes · FY2024
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$330K
Pt IX · Ln 25
Net assets
$2.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.1M
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs-0.3% vs prior filing year
Operating runway
75.5mo
months of highly liquid reserves at operating expense rate▲ +58% vs prior filing year
Surplus margin
+77%
revenue over expenses, this year▲ +66% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.5M
FY2024▲ +239%
Expenses
$330K
FY2024▲ +44%
Total assets
$2.1M
FY2024▲ +127%
Total liabilities
$1K
FY2024
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$330K
Pt IX · Ln 25
Net assets
$2.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.1M
Total assetsPt X · Ln 16$2.1M
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLmsarcoma Direct Research Foundation
EINHdr · item D87-0763851
Principal addressHdr · item CTulsa, OK
WebsiteHdr · item Jlmsdr.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOK
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFScience & Technology (U50)
Ruling yearIRS BMFMar 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer and V. President
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $323K of program spending, described in the organization's own filed words · FY2024.
01

The major program is to raise funds for the researching a cure for Leio0myosarcoma, a rare cancer. Very little money is invested in seed grants to discover methods that may lead to a cure. Research is done by reputable organizations. LMSDR was able to fund 4 different research projects.

$292Kprogram expense
02

LMSDR sponsors conference where researchers can collaborate with each other and presents there work to LMS patients and caregivers.

$28Kprogram expense
03

We have a Support Group Lifeline in order to serve newly diagnosed patients with information, support, guidance, and hope for treatment of their condition.

$3Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$1.4M · 99%
Investment income$19K · 1%
Contributions & grants99%$1.4M
Investment income1%$19K
Total revenueLn 12$1.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$323K
Management & general2%$7K
Total functional expensesLn 25$330K

Balance Sheet

Part X · end of year
CashLn 1$1.0M
Total assetsLn 16$2.1M
Total liabilitiesLn 26$1K
Total net assetsLn 32$2.1M
Months of cash on handcomputed37.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.1M · Operating expenses/yr $330K
75.5 months
Where the money goes
Program services
Program services $323K · Total expenses $330K
98%
Management & General
Management & general $7K · Total expenses $330K
2%
Fundraising
Fundraising $0 · Total expenses $330K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $1K · Solicited contributions (3-yr avg) $747K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.4M · Total revenue $1.5M
99%
Government reliance
Government grants $0 · Total revenue $1.5M
0%
Earned-income share
Program service revenue $0 · Total revenue $1.5M
0%
Investment reliance
Investment income $19K · Total revenue $1.5M
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $330K
0%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $432K
+239%
Net-asset trend (YoY)
End of year $2.1M · Beginning of year $916K
+127%
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $330K
+77%
Liabilities-to-Assets
Total liabilities $1K · Total assets $2.1M
0.05%
Net-asset ratio
Net assets $2.1M · Total assets $2.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.0M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.1M
50%
People & payroll
Highest Reported Total Compensation
Individual Sharon Anderson · Reported title President · Highest reported compensation $0 · Total expenses $330K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $330K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth 239%
Investment management fee ratio 0%
Accounting fee ratio 1.0%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$27K
See all 3 funders →
Grants paid · 15 grants · $978K · 2021–2024
City of HopeCA · FY2024$50,000
McGill UniversityFY2023$150,000
Ichan School of MedicineFY2023$50,000
SarcMI · FY2023$10,000
Cedars-Sinai Medical CenterCA · FY2022$50,000
Sarcoma Alliance for Research CollaborationFY2022$50,000
City of HopeCA · FY2022$50,000
Dana-Farber Cancer InstituteMA · FY2022$38,635
Tatiana OmelchenkoFY2022$19,138
Rockefeller UniversityNY · FY2022$5,618
McGill UniversityFY2021$150,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.5M revenue · viewing · ⤓ 990 PDF
FY2023$432K revenue · ⤓ 990 PDF
FY2022$374K revenue · ⤓ 990 PDF
FY2021$294K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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