Happy Lungs Project

Tax-deductible

Austin, TX501(c)(3)Since 2021Medical ResearchEIN 87-0957020

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Our mission is to save the lives of ret-positive lung cancer patients by advancing research and treatment options.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
Run by 4 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $111K a year · 23% 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
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
47 mo
of spending, in cash
Looks good: 47.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $355K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$308K
-45% vs prior year
Spent
$142K
To programs
63%
Net assets
$555K
By yearFY2021–FY2025
Revenue
$308K
FY2025▼ -45%
Revenue by fiscal year
FY2021$217K
FY2022$922K
FY2023$363K
FY2024$555K
FY2025$308K
Expenses
$142K
FY2025▼ -78%
Expenses by fiscal year
FY2021$109K
FY2022$302K
FY2023$624K
FY2024$632K
FY2025$142K
Net assets
$555K
FY2025▲ +43%
Net assets by fiscal year
FY2021$107K
FY2022$728K
FY2023$466K
FY2024$389K
FY2025$555K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2021.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $89K Management & general 9% · $12K Fundraising 29% · $40K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
See Happy Lungs Project 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fund research and provide patient information for a cure for RET-positive lung cancer.

Provided by the organization

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1 program service account for $89K of program spending, described in the organization's own filed words · FY2025.
01

Provide support for researchers and clinicians in finding a cure, raising awareness about testing methods for early detection of NSCLC mutations, developing individualized therapies based upon new testing and diagnostics, including methods to combat development of targeted therapy resistance, determining if existing pharmaceuticals can…

$89Kprogram expense

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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 · 5 grants · $568K · 2021–2024
MD Anderson Cancer CenterFY2024$215,103
Massachusetts General HospitalFY2024$123,486
Memorial Sloan Kettering Cancer CenterFY2024$96,937
Ut Southwestern Medical CenterFY2024$32,081
The University of Texas MD AndersonFY2021$100,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$308K
Ln 12
Gifts and grantsLn 1h$308K
Money outPt IX
$142K
Ln 25
Programscol B$89K
Managementcol C$12K
Fundraisingcol D$40K
Owns and owesPt X
$555K
net assets · Ln 32
Cash and savingsLn 1–2$555K
Total assetsLn 16$555K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$308K
Total revenueLn 12$308K
Assets in detailPt X, end of year
CashLn 1$555K
Cash and savings togetherLn 1–2$555K
Total assetsLn 16$555K
LiabilitiesLn 26$0
Net assetsLn 32$555K
OperationsPt I, VI
EmployeesI 51
VolunteersI 64
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 FY25End FY25
Cash and savingsLn 1–2$389K$555K
Total assetsLn 16$389K$555K
LiabilitiesLn 26$0$0
Net assetsLn 32$389K$555K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$80K$80K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$22K$2K$19K
Advertising and promotionLn 12$18K$18K
Office expensesLn 13$12K$3K$6K$3K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$200$200
Total functional expensesLn 25$142K$89K$12K$40K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $308K$142K$166K$555K 990 PDF
FY2024 $555K$632K−$77K$389K 990 PDF
FY2023 $363K$624K−$261K$466K 990 PDF
FY2022 $922K$302K$621K$728K 990 PDF
FY2021 $217K$109K$107K$107K 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $307,543 across 3 lines filed
VIII-1f All other contributions, gifts and grants$307,543
VIII-1h Total contributions, gifts and grants$307,543
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$307,543
Part IX · Statement of functional expenses $141,581 across 8 lines filed
IX-7 Other salaries and wagesPrograms $80,000$80,000
IX-10 Payroll taxesPrograms $6,141$6,141
IX-11c Accounting feesManagement $2,000$2,000
IX-11g Other fees for servicesManagement $2,439 · Fundraising $19,120$21,559
IX-12 Advertising and promotionFundraising $18,249$18,249
IX-13 Office expensesPrograms $2,840 · Management $6,306 · Fundraising $2,799$11,945
IX-23 InsuranceManagement $1,487$1,487
IX-24 Other expenses (24a–d)Fundraising $200$200
IX-25 Total functional expensesPrograms $88,981 · Management $12,232 · Fundraising $40,368$141,581
Part X · Balance sheet $555,190 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $389,228$555,190
X-16 Total assetsStart of year $389,228$555,190
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $389,228$555,190
X-33 Total liabilities and net assetsStart of year $389,228$555,190
Part XI · Reconciliation of net assets $555,190 net assets at year end
XI-1 Total revenue$307,543
XI-2 Total expenses$141,581
XI-3 Revenue less expenses$165,962
XI-4 Net assets at start of year$389,228
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$555,190

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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