The Kirsch Foundation FY2022 filing

Tax-deductible

Los Altos, CA501(c)(3)Since 2021Medical ResearchEIN 87-3900704

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Kirsch Foundation?s purpose/mission is to save lives by providing resources to evaluate the safety, efficacy, and treatment protocol of various medical interventions for COVID-19, and variant strains, and any diseases related to or developed from COVID-19. Furthermore The Kirsch Foundation?s primary mission is to fund initiatives to save lives.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$158K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · 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
1 of 3
filings with a surplus
Average surplus $27K a year · 3% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$158K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$56K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
Spent
$988K
To programs
73%
Net assets
$175K
By yearFY2022–FY2024
Revenue
$1.2M
FY2022
Revenue by fiscal year
FY2022$1.2M
FY2023$910K
FY2024$707K
Expenses
$988K
FY2022
Expenses by fiscal year
FY2022$988K
FY2023$997K
FY2024$714K
Net assets
$175K
FY2022
Net assets by fiscal year
FY2022$175K
FY2023$88K
FY2024$81K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 Mar 2022.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $720K Management & general 14% · $141K Fundraising 13% · $127K

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

4 people listed on the 990; $158K paid to officers and key staff.

Part VII, Section A · reportable compensation
$158,333Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Hilary Grant-Valdez’s $125K as Secretary is at the 82nd percentile of top reported officer pay among 329 $100K–1M medical research 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 · 1 named individual · Part VII

NameFY2023FY2022
Hilary Grant-Valdez$125,000$158,333

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 The Kirsch Foundation 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 15aYes

Programs and updates

Funds medical research to save lives by evaluating COVID-19 treatments and related diseases.

Provided by the organization

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1 program · $720K · in their own filed words · FY2022
01

The oganization Successfully produced 4 different public service announcements. Successfully sourced guests, produced and hosted 52 educational webinars. Provided support for the vaccine injured. Co-produced and hosted two educational and informative in person outdoor assembly events with crowds of 50K and 25K.

$720Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 3 grants · $199K · 2022–2024
Unitemized GrantFY2024$140,279
Unitemized GrantFY2023$8,679
Unitemized GrantFY2022$50,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$41K
Investment incomeLn 3$32
Money outPt IX
$988K
Ln 25
Programscol B$720K
Managementcol C$141K
Fundraisingcol D$127K
Owns and owesPt X
$175K
net assets · Ln 32
Cash and savingsLn 1–2$221K
Total assetsLn 16$231K
LiabilitiesLn 26$56K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$41K
Investment incomeLn 3$32
Gains on assetsLn 7$0
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$221K
SavingsLn 2$0
Cash and savings togetherLn 1–2$221K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$231K
LiabilitiesLn 26$56K
Net assetsLn 32$175K
OperationsPt I, VI
EmployeesI 51
VolunteersI 63
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 FY22End FY22
Cash and savingsLn 1–2$221K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$0$231K
LiabilitiesLn 26$0$56K
Net assetsLn 32$0$175K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$50K$50K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$158K$111K$24K$24K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$21K$15K$3K$3K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$1K$885$190$190
Payroll taxesLn 10$13K$9K$2K$2K
Management feesLn 11a$0
Legal feesLn 11b$46K$46K
Accounting feesLn 11c$27K$27K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$20K$20K
Advertising and promotionLn 12$81K$81K
Office expensesLn 13$0
Information technologyLn 14$62K$43K$9K$9K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$69K$69K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$8K$5K$1K$1K
Other expenses (24a–d)Ln 24$431K$417K$8K$6K
All other expensesLn 24e$2K$653$855$140
Total functional expensesLn 25$988K$720K$141K$127K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $707K$714K−$8K$81K 990 PDF
FY2023 $910K$997K−$87K$88K 990 PDF
FY2022 Viewing $1.2M$988K$175K$175K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $1,163,081 across 9 lines filed
VIII-1f All other contributions, gifts and grants$1,121,732
VIII-1h Total contributions, gifts and grants$1,121,732
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $41,317$41,317
VIII-3 Investment incomeRelated to mission $32$32
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $41,349$1,163,081
Part IX · Statement of functional expenses $987,788 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $50,000$50,000
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $110,833 · Management $23,750 · Fundraising $23,750$158,333
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $14,584 · Management $3,125 · Fundraising $3,125$20,834
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $885 · Management $190 · Fundraising $190$1,265
IX-10 Payroll taxesPrograms $9,103 · Management $1,951 · Fundraising $1,951$13,005
IX-11a Management fees$0
IX-11b Legal feesManagement $45,514$45,514
IX-11c Accounting feesManagement $27,022$27,022
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $19,966$19,966
IX-12 Advertising and promotionFundraising $81,441$81,441
IX-13 Office expenses$0
IX-14 Information technologyPrograms $43,183 · Management $9,253 · Fundraising $9,253$61,689
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $68,878$68,878
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $5,272 · Management $1,130 · Fundraising $1,130$7,532
IX-24 Other expenses (24a–d)Programs $416,530 · Management $7,810 · Fundraising $6,321$430,661
IX-24e All other expensesPrograms $653 · Management $855 · Fundraising $140$1,648
IX-25 Total functional expensesPrograms $719,921 · Management $140,566 · Fundraising $127,301$987,788
Part X · Balance sheet $230,886 assets, 18 lines filed
X-1 Cash, non-interest-bearing$221,129
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$9,757
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $0$230,886
X-17 Accounts payable and accrued expenses$55,593
X-26 Total liabilitiesStart of year $0$55,593
X-27 Net assets without donor restrictions$175,293
X-32 Total net assets or fund balancesStart of year $0$175,293
X-33 Total liabilities and net assetsStart of year $0$230,886
Part XI · Reconciliation of net assets $175,293 net assets at year end
XI-1 Total revenue$1,163,081
XI-2 Total expenses$987,788
XI-3 Revenue less expenses$175,293
XI-10 Net assets at end of year$175,293

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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