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Erasca Foundation EIN 87-1300086

Erasca Foundation

EIN  87-1300086 Private foundation / grantmaker San Diego, CA
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Size
<$100K
What they do
A private foundation based in San Diego, CA.
Leadership
Jonathan Lim · President & Director
Money in and out
$-1.2M revenue, $140K expenses
Bottom line
—

A private foundation based in San Diego, CA. For fiscal year 2025 it reported $-1.2M in revenue, $140K in expenses, and $11.6M in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$-1.2M
Pt VIII · Ln 12
Total expenses
$140K
Pt IX · Ln 25
Net assets
$11.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1.3M
Total assets
11.6M
deployed as grants and operations
Grants paid
95K
in FY2025
Grants made
10grants
total in period
Payout rate
1%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 10 grants · $95K · 2024–2024
Life Science Cares INCMA · FY2024$25,000
Mama's KitchenFY2024$15,000
Family Health Centers of San Diego INCCA · FY2024$15,000
Omar's Dream FoundationFY2024$10,000
Best Buddies International INCFL · FY2024$10,000
Every Cure INCPA · FY2024$10,000
San Diego CoastkeeperCA · FY2024$5,000
Foundation for the Children of the CaliforniasFY2024$2,500
Lazarex Cancer FoundationCA · FY2024$1,500
National Brain Tumor Society INCMA · FY2024$1,000

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV7
Average grantPart XV$10K
Median grantPart XV$10K
Largest grantPart XV$25K
Top cause focusNTEEMedical Research (20%)

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$-1.2M
FY2025▼ -17%
Expenses
$140K
FY2025▼ -51%
Total assets
$11.6M
FY2025▼ -10%
Total liabilities
$0
FY2025
Total revenue
$-1.2M
Pt VIII · Ln 12
Total expenses
$140K
Pt IX · Ln 25
Net assets
$11.6M
Pt X · Ln 32
Total assetsPt II$11.6M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CErasca Foundation
EINHdr · item D87-1300086
Principal addressHdr · item CSan Diego, CA
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T21)
Ruling yearIRS BMFMay 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Jonathan Lim
President & Director
$0Pt VII · Sec A
Nicholas Chetwyn
Vice President
$0Pt VII · Sec A
Ebun Garner
Secretary
$0Pt VII · Sec A
David Chacko
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Erasca Foundation executive salaries →

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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.68 Operating & administrative $0.32
Grants & contributions paid68%$95K
Operating & administrative32%$45K
Total functional expensesLn 25$140K

Balance Sheet

Part X · end of year
CashLn 1$90K
Total assetsLn 16$11.6M
Total liabilitiesLn 26$0
Total net assetsLn 32$11.6M
Months of cash on handcomputed7.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $11.6M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $-1.2M
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $-1.2M
—
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $-1.2M · Prior year $-1.0M
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $11.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $-1.2M · Expenses $140K
—
Liabilities-to-Assets
Total liabilities — · Total assets $11.6M
—
Net-asset ratio
Net assets $11.6M · Total assets $11.6M
100%
People & payroll
Highest Reported Total Compensation
Individual Jonathan Lim · Reported title PRESIDENT & DIRECTOR · Highest reported compensation $0 · Total expenses $140K
0%
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth -17%——

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.

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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
FY2025 (Latest)$-1.2M revenue · viewing · ⤓ 990 PDF
FY2024$-1.0M revenue · ⤓ 990 PDF
FY2023$-671K revenue · ⤓ 990 PDF
FY2022$15.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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