ADVANCIUM HEALTH NETWORK INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- ADVANCIUM HEALTH NETWORK INC (EIN 87-2622250)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-12
- IRS object ID
- 202533169349302633
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-12T09:28:38-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 871353108 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EISNER ADVISORY GROUP LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 733 THIRD AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172703 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 872622250 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ADVANCIUM HEALTH NETWORK INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ADVA | BusinessNameControlTxt |
| Phone | 2125838281 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 345 PARK AVENUE SOUTH 4TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10010 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK VEICH | PersonNm |
| Person Title | CHIEF EXECUTIVE OFFICER | PersonTitleTxt |
| Phone | 2125838281 | PhoneNum |
| Signature | 2025-11-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CANDICE METH | PreparerPersonNm |
| PTIN | P01306891 | PTIN |
| Phone | 2129498700 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MARK VEICH | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 345 PARK AVENUE SOUTH 4TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10010 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $14,292,352 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.ADVANCIUMHEALTH.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2021 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | DEVELOP EXPERTISE TO ADVANCE & APPLY SOLUTIONS TO ADDRESS THE NEEDS OF UNDERSERVED COMMUNITIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 9 | TotalEmployeeCnt |
| Total Volunteers | 6 | TotalVolunteersCnt |
| Total Gross UBI | -$8,758 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $16,883,964 | PYContributionsGrantsAmt |
| CY Contributions Grants | $13,696,852 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,015 | PYInvestmentIncomeAmt |
| CY Investment Income | -$12,614,434 | CYInvestmentIncomeAmt |
| PY Other Revenue | $82,358 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $16,967,337 | PYTotalRevenueAmt |
| CY Total Revenue | $1,082,418 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,053,494 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,883,322 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,546,940 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,306,284 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $240,000 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $360,670 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,700,560 | PYOtherExpensesAmt |
| CY Other Expenses | $2,709,292 | CYOtherExpensesAmt |
| PY Total Expenses | $5,300,994 | PYTotalExpensesAmt |
| CY Total Expenses | $7,138,898 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $11,666,343 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$6,056,480 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $17,991,568 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,785,014 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $5,995,157 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $367,459 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $11,996,411 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $4,417,555 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | Yes (1) | SignificantChangeInd |
| Expense | $5,015,884 | ExpenseAmt |
| Grant | $1,883,322 | GrantAmt |
| Desc | ADVANCIUM HEALTH NETWORK, INC. IS A MISSION-DRIVEN CHARITABLE ORGANIZATION COMMITTED TO ELIMINATING BARRIERS IN HEALTHCARE THROUGH A UNIQUE MODEL THAT COMBINES THE EXPERTISE OF FOR-PROFIT LEADERSHIP WITH NON-PROFIT MOTIVATIONS. THROUGH THE SUPPORT OF OUR PARTNERS, INDUSTRY EXPERTS, AND CHARITABLE DONORS, WE'RE TACKLING HEALTHCARE'S MOST CHALLENGING GAPS AND UNMET NEEDS ACROSS THE INDUSTRY - FROM EARLY-STAGE INNOVATION, TO PEDIATRICS AND RARE DISEASE. ADVANCIUM HEALTH NETWORK IS COMMITTED TO A POSITIVE IMPACT ON HUMAN HEALTH. | Desc |
| Total Program Service Expenses | $5,015,884 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 16 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 9 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LINDSEY REYNOLDS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2125838281 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 345 PARK AVENUE SOUTH 4TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10010 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| MARK VEICH | |||||||
| PRESIDENT | 40.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| OLIVIER ELEMENTO | |||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JEFFREY KAPLAN TO 424 | |||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| GARY BREWSTER AS OF 424 | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHELE CLEARY DIR TO 524 | |||||||
| CHIEF SCIENTIFIC OFFICER (AS OF 6/24) | 40.00 | Yes (X) | Yes (X) | $327,670 | $0 | $5,205 | |
| YUNG LIE AS OF 624 | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RON MITCHELL | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LAURIE ZEPHYRIN | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SHAWN DAVIS TO 224 | |||||||
| SVP & COO | 40.00 | Yes (X) | $246,644 | $0 | $4,947 | ||
| LINDSEY REYNOLDS | |||||||
| DIRECTOR, FINANCE | 40.00 | Yes (X) | $267,949 | $0 | $21,544 | ||
| EMMA MORAN EVANS | |||||||
| DIRECTOR, COBICURE MED TECH | 40.00 | $271,338 | $0 | $60,160 | Yes (X) | ||
| MAUREEN REYES | |||||||
| DIRECTOR, STRATEGY & OPS | 40.00 | $291,194 | $0 | $26,728 | Yes (X) | ||
| ROBERT OLAN | |||||||
| VP BUSINESS DEVELOPMENT | 40.00 | $254,008 | $0 | $40,090 | Yes (X) | ||
| JYOTI PATEL | |||||||
| DIRECTOR BUSINESS OPS & MARKETING | 40.00 | $215,354 | $0 | $18,845 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,874,157 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $177,519 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MORGAN LEWIS & BOCKIUS LLP | |||||
| 101 PARK AVENUE | NEW YORK | NY | 10178 | LEGAL SERVICES | $554,314 |
| HARMONIZED MARKETING LLC | |||||
| 400 EAST 66TH STREET 17C | NEW YORK | NY | 10065 | CONSULTING - BRANDING | $286,810 |
| DAD STRATEGIES LLC | |||||
| 340 E 80TH STREET 18E | NEW YORK | NY | 10075 | CONSULTING - FUNDRAISING | $240,000 |
| RSM US LLP | |||||
| 5155 PAYSPHERE CIRCLE | CHICAGO | IL | 60674 | ACCOUNTING SUPPORT SERVICES | $221,304 |
| UPPER WEST SIDE STRATEGIES LLC | |||||
| 317 WEST 103RD STREET | NEW YORK | NY | 10025 | CONSULTING - STRATEGY & PROGRAM | $128,744 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 6 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $13,696,852 | AllOtherContributionsAmt |
| Noncash Contributions | $8,855,203 | NoncashContributionsAmt |
| Total Contributions | $13,696,852 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $90,933 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$8,758 | UnrelatedBusinessRevenueAmt |
| Exclusion | $99,691 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $504,567 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $512,380 | SecuritiesAmt |
| Other | $12,697,554 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$7,813 | SecuritiesAmt |
| Other | -$12,697,554 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$12,705,367 | TotalRevenueColumnAmt |
| Exclusion | -$12,705,367 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,082,418 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$8,758 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$12,605,676 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,883,322 | TotalAmt |
| Program Services | $1,883,322 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $873,959 | TotalAmt |
| Program Services | $498,157 | ProgramServicesAmt |
| Management And General | $375,802 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,152,696 | TotalAmt |
| Program Services | $765,497 | ProgramServicesAmt |
| Management And General | $387,199 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,685 | TotalAmt |
| Program Services | $12,901 | ProgramServicesAmt |
| Management And General | $1,784 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $145,678 | TotalAmt |
| Program Services | $105,226 | ProgramServicesAmt |
| Management And General | $40,452 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $119,266 | TotalAmt |
| Program Services | $70,925 | ProgramServicesAmt |
| Management And General | $48,341 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $370,787 | TotalAmt |
| Program Services | $163,295 | ProgramServicesAmt |
| Management And General | $207,492 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $213,002 | TotalAmt |
| Management And General | $213,002 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $240,000 | TotalAmt |
| Fundraising | $240,000 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,000 | TotalAmt |
| Management And General | $8,000 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $927,171 | TotalAmt |
| Program Services | $707,107 | ProgramServicesAmt |
| Management And General | $220,064 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,033 | TotalAmt |
| Program Services | $14,412 | ProgramServicesAmt |
| Management And General | $1,557 | ManagementAndGeneralAmt |
| Fundraising | $64 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $171,984 | TotalAmt |
| Program Services | $80,365 | ProgramServicesAmt |
| Management And General | $91,619 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $431,958 | TotalAmt |
| Program Services | $431,958 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $158,391 | TotalAmt |
| Program Services | $55,788 | ProgramServicesAmt |
| Management And General | $19,086 | ManagementAndGeneralAmt |
| Fundraising | $83,517 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $254,675 | TotalAmt |
| Program Services | $225,642 | ProgramServicesAmt |
| Fundraising | $29,033 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,430 | TotalAmt |
| Management And General | $4,430 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $122,539 | TotalAmt |
| Management And General | $122,539 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LICENSES AND FEES | Desc |
| Total | $27,151 | TotalAmt |
| Program Services | $1,289 | ProgramServicesAmt |
| Management And General | $17,806 | ManagementAndGeneralAmt |
| Fundraising | $8,056 | FundraisingAmt |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,171 | TotalAmt |
| Management And General | $3,171 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,138,898 | TotalAmt |
| Program Services | $5,015,884 | ProgramServicesAmt |
| Management And General | $1,762,344 | ManagementAndGeneralAmt |
| Fundraising | $360,670 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $408,497 | BOYAmt |
| EOY | $1,842,582 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,598,125 | BOYAmt |
| EOY | $1,951,528 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $6,901 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,621,470 | BOYAmt |
| EOY | $25,871 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $326,479 | BOYAmt |
| EOY | $185,972 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $31,010 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,430 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,036,997 | BOYAmt |
| EOY | $26,580 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $497,468 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $248,112 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,991,568 | BOYAmt |
| EOY | $4,785,014 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,731,157 | BOYAmt |
| EOY | $203,459 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $264,000 | BOYAmt |
| EOY | $164,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,995,157 | BOYAmt |
| EOY | $367,459 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,269,104 | BOYAmt |
| EOY | $4,417,555 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $727,307 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,996,411 | BOYAmt |
| EOY | $4,417,555 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,991,568 | BOYAmt |
| EOY | $4,785,014 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$6,056,480 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$1,522,376 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $50,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,430,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $16,883,964 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $13,696,852 | CurrentTaxYearAmt |
| Total | $34,060,816 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $50,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,430,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $16,883,964 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $13,696,852 | CurrentTaxYearAmt |
| Total | $34,060,816 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $15,834,042 | SubstantialContributorsTotAmt |
| Public Support Total170 | $18,226,774 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $74 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,068 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $99,691 | CurrentTaxYearAmt |
| Total | $100,833 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | -$8,758 | CurrentTaxYearAmt |
| Total | -$8,758 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $82,358 | CurrentTaxYearMinus1YearAmt |
| Total | $82,358 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $34,235,249 | TotalSupportAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | OTHER INCOME - EVENT SPONSORSHIPS - 2023 AMOUNT: $ 82,358. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $31,010 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,430 | DepreciationAmt |
| Book Value | $26,580 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $26,580 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| NON-READILY MARKETABLE SECURITIES | $324,312 | F |
| LIMITED PARTNERSHIPS | $173,156 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $497,468 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LABORATORY EQUIPMENT | Desc |
| Book Value | $248,112 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $248,112 | TotalBookValueOtherAssetsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $1,796,399 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $244,357 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $477,624 | OtherRevenueAmt |
| Revenue Not Reported | $721,981 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,074,418 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $8,000 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $8,000 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,082,418 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $9,375,255 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $244,357 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $2,000,000 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $2,244,357 | ExpensesNotReportedAmt |
| Expenses Subtotal | $7,130,898 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $8,000 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $8,000 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $7,138,898 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE ORGANIZATION IS SUBJECT TO THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (THE "FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, AS IT RELATES TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. BECAUSE OF THE ORGANIZATION'S GENERAL TAX-EXEMPT STATUS, MANAGEMENT BELIEVES ASC TOPIC 740 HAS NOT HAD, AND IS NOT EXPECTED TO HAVE, A MATERIAL IMPACT ON THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | GAIN ON TERMINATION OF LEASE 477,624. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | LOSS ON UNCOLLECTIBLE ACCOUNTS 2,000,000. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAD STRATEGIES LLC | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 340 E 80TH STREET 18E | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10075 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | FUND-RAISING CONSULTANT | ActivityTxt |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFundsInd |
| Gross Receipts | $0 | GrossReceiptsAmt |
| Retained By Contractor | $240,000 | RetainedByContractorAmt |
| Net To Organization | -$240,000 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $240,000 | TotalRetainedByContractorsAmt |
| Total Net To Organization | -$240,000 | TotalNetToOrganizationAmt |
| Licensed States | NY | LicensedStatesCd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| POLYVASCULAR INC | ||||||||
| 6501 NAVIGATION BLVD SUITE O2 | HOUSTON | TX | 77011 | 471238096 | FOR PROFIT | $1,040,283 | $0 | RESEARCH AND DEVELOPMENT |
| THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA | ||||||||
| 3451 WALNUT STREET 5TH FLOOR | PHILADELPHIA | PA | 19104 | 231352685 | 501(C)(3) | $169,000 | $0 | RESEARCH AND DEVELOPMENT |
| BAYLOR COLLEGE OF MEDICINE | ||||||||
| ONE BAYLOR PLAZA | HOUSTON | TX | 70030 | 741613878 | 501(C)(3) | $135,000 | $0 | RESEARCH AND DEVELOPMENT |
| ANN & ROBERT H LURIE CHILDREN'S HOSPITAL OF CHICAGO | ||||||||
| 225 E CHICAGO AVE BOX 282 | CHICAGO | IL | 60611 | 362170833 | 501(C)(3) | $130,000 | $0 | RESEARCH AND DEVELOPMENT |
| THE RESEARCH INSTITUTE AT NATIONWIDE CHILDREN'S HOSPITAL | ||||||||
| 700 CHILDRENS DRIVE | COLUMBUS | OH | 43205 | 010782751 | 501(C)(3) | $129,605 | $0 | RESEARCH AND DEVELOPMENT |
| CHILDREN'S NATIONAL MEDICAL CENTER | ||||||||
| 111 MICHIGAN AVENUE NW | WASHINGTON DC | DC | 20010 | 521640403 | 501(C)(3) | $128,996 | $0 | RESEARCH AND DEVELOPMENT |
| BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY | ||||||||
| 85 BROADWAY STREET | REDWOOD CITY | CA | 94063 | 941156365 | 501(C)(3) | $118,438 | $0 | RESEARCH AND DEVELOPMENT |
| COLUMBIA UNIVERSITY | ||||||||
| 622 W 113TH ST | NEW YORK | NY | 10025 | 135598093 | 501(C)(3) | $32,000 | $0 | RESEARCH AND DEVELOPMENT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 7 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION REQUIRES GRANTEES TO ADHERE TO SPECIFIED TERMS AND CONDITIONS, INCLUDING THE SUCCESSFUL COMPLETION OF MILESTONES, WHERE SPECIFIED. ALL GRANT DISBURSEMENTS ARE CONTINGENT ON ACCEPTANCE OF GRANT TERMS, AS WELL AS DOCUMENTED PROGRESS OF SATISFACTION OF APPLICABLE MILESTONES. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MICHELE CLEARY DIR TO 524 | ||||||||||||||
| CHIEF SCIENTIFIC OFFICER (AS OF 6/24 | $251,875 | $0 | $75,795 | $0 | $0 | $0 | $4,228 | $0 | $977 | $0 | $332,875 | $0 | $0 | $0 |
| EMMA MORAN EVANS | ||||||||||||||
| DIRECTOR, COBICURE MED TECH | $225,578 | $0 | $45,760 | $0 | $0 | $0 | $4,922 | $0 | $55,238 | $0 | $331,498 | $0 | $0 | $0 |
| MAUREEN REYES | ||||||||||||||
| DIRECTOR, STRATEGY & OPS | $242,194 | $0 | $49,000 | $0 | $0 | $0 | $5,880 | $0 | $20,848 | $0 | $317,922 | $0 | $0 | $0 |
| ROBERT OLAN | ||||||||||||||
| VP BUSINESS DEVELOPMENT | $209,908 | $0 | $44,100 | $0 | $0 | $0 | $3,882 | $0 | $36,208 | $0 | $294,098 | $0 | $0 | $0 |
| LINDSEY REYNOLDS | ||||||||||||||
| DIRECTOR, FINANCE | $222,189 | $0 | $45,760 | $0 | $0 | $0 | $4,922 | $0 | $16,622 | $0 | $289,493 | $0 | $0 | $0 |
| SHAWN DAVIS TO 224 | ||||||||||||||
| SVP & COO | $69,324 | $0 | $0 | $0 | $177,320 | $0 | $1,400 | $0 | $3,547 | $0 | $251,591 | $0 | $0 | $0 |
| JYOTI PATEL | ||||||||||||||
| DIRECTOR BUSINESS OPS & MARKETING | $179,314 | $0 | $36,040 | $0 | $0 | $0 | $0 | $0 | $18,845 | $0 | $234,199 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | THE ORGANIZATION IS COMMITTED TO FOSTERING A HEALTHY AND PRODUCTIVE WORK ENVIORNMENT FOR ITS EMPLOYEES, AND HAS PROVIDED HEALTH CLUB DUES FOR ITS STAFF. |
| PART I, LINE 4A | THE FOLLOWING INDIVIDUAL RECEIVED A SEVERANCE PAYMENT WHICH IS INCLUDED IN SCHEDULE J, PART II, COLUMN B(III): SHAWN DAVIS - $177,320 |
| PART I, LINE 8 | THE PRESIDENT APPROVED AND PAID REASONABLE DISCRETIONARY BONUSES BASED ON STAFF PERFORMANCE DURING THE YEAR. |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $512,380 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | COMPARABLE SALES | MethodOfDeterminingRevenuesTxt |
Securities Closely Held Stock SecuritiesCloselyHeldStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 3 | ContributionCnt |
| Noncash Contributions Rpt F990 | $324,312 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV VALUATION STUDY | MethodOfDeterminingRevenuesTxt |
Secur Prtnrshp Trust Intrsts SecurPrtnrshpTrustIntrstsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $173,156 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV VALUATION STUDY | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | SEE SCH M PG 2 | Desc |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $8,357,735 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | COST | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, COLUMN (B): | BASED ON THE NUMBER OF CONTRIBUTIONS RECEIVED |
| SCHEDULE M, PART 1, LINE 25 | FORGIVENESS OF LOANS AND ACCRUED INTEREST |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 1 | TRANSFORM HEALTHCARE THROUGH NOVEL COLLABORATIONS TO ADVANCE AND APPLY INNOVATIVE SOLUTIONS TO ADDRESS THE NEEDS OF UNDERSERVED POPULATIONS AND COMMUNITIES. ADVANCIUM AIMS TO FUND ACTIVITIES, TECHNOLOGIES AND HEALTHCARE INITIATIVES WITH A FOCUS ON PEDIATRIC MEDICAL TECHNOLOGIES AND THERAPEUTICS. |
| FORM 990, PART III, LINE 3 | IN 2024, THE ORGANIZATION DISCONTINUED PLANS TO OPERATE A LABORATORY FACILITY AS PART OF A STRATEGIC SHIFT FROM LONG-TERM LABORATORY MANAGEMENT TO FOCUS ON ADVANCING INNOVATIONS IN PEDIATRIC RARE DISEASES. THE ORGANIZATION TRANSITIONED THE RELATED SPACE AND EQUIPMENT TO EXTERNAL PARTNERS. THIS TRANSITION RESULTED IN THE DIVESTITURE OF CERTAIN FIXED ASSETS AND A CORRESPONDING DECREASE IN TOTAL ASSETS REPORTED AT YEAR-END. |
| FORM 990, PART V, LINE 2A | THE ORGANIZATION'S EMPLOYEES ARE EMPLOYED BY A PROFESSIONAL EMPLOYMENT ORGANIZATION ("PEO"), AND ACCORDINGLY, THE FORM W-3 AND ALL W-2'S ARE FILED THROUGH THE PEO. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE AUDIT COMMITTEE AND FULL BOARD OF DIRECTORS REVIEW AND APPROVE THE FORM 990 PRIOR TO ITS SUBMISSION TO THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO DIRECTORS, OFFICERS, COMMITTEE MEMBERS, AND KEY EMPLOYEES WHO ARE REQUIRED TO ANNUALLY REVIEW AND ACKNOWLEDGE THEIR COMPLIANCE WITH THE POLICY. SUCH INDIVIDUALS ALSO COMPLETE AN ANNUAL DISCLOSURE FORM OF RELEVANT FINANCIAL AND BUSINESS INTERESTS, AND HAVE AN ONGOING DUTY TO DISCLOSE ANY POTENTIAL INTERESTS IN A TRANSACTION UNDER CONSIDERATION BY THE BOARD OF DIRECTORS. INTERESTED PERSONS ARE RECUSED FROM CONSIDERATION OF AND VOTING ON ANY TRANSACTION IN WHICH THEY HAVE CONFLICT OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION IS IN THE PROCESS OF CREATING A FORMAL COMPENSATION SETTING POLICY WHICH WILL BE APPROVED IN 2025. IN THE COURSE OF BUSINESS, THE ORGANIZATION'S BOARD OF DIRECTORS HAS HAD OVERSIGHT FOR THIS PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND CONSOLIDATED FINANCIAL STATEMENTS ARE AVAILABLE UPO0N REQUEST. |
| FORM 990, PART IX, LINE 11G | PROGRAM STRATEGY CONSULTING: PROGRAM SERVICE EXPENSES 324,720. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 324,720. MARKETING CONSULTING: PROGRAM SERVICE EXPENSES 94,911. MANAGEMENT AND GENERAL EXPENSES 220,064. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 314,975. SCIENTIFIC ADVISORY CONSULTING: PROGRAM SERVICE EXPENSES 215,060. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 215,060. ENVIRONMENTAL HEALTH AND SAFETY CONSULTING: PROGRAM SERVICE EXPENSES 42,405. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 42,405. OTHER: PROGRAM SERVICE EXPENSES 30,011. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,011. |
| FORM 990, PART XI, LINE 9: | LOSS ON UNCOLLECTIBLE ACCOUNTS -2,000,000. GAIN ON TERMINATION OF LEASE 477,624. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| COBICURE LLC | |||||||||
| 345 PARK AVENUE SOUTH | NEW YORK | NY | 10010 | 874299453 | MEDICAL RESEARCH | NY | $0 | $0 | ADVANCIUM HEALTH NETWORK INC |
| CURE INNOVATION LABS LLC | |||||||||
| 345 PARK AVENUE SOUTH | NEW YORK | NY | 10010 | 931413393 | MEDICAL RESEARCH | NY | $3,281,930 | $248,672 | ADVANCIUM HEALTH NETWORK INC |
| LUKA SHAI FOUNDATION LLC | |||||||||
| 345 PARK AVENUE SOUTH | NEW YORK | NY | 10010 | 884322833 | MEDICAL RESEARCH | NY | $1,426,733 | $1,531,596 | ADVANCIUM HEALTH NETWORK INC |
| BREAK INTO THE BOARDROOM LLC | |||||||||
| 345 PARK AVENUE SOUTH | NEW YORK | NY | 10010 | 872622250 | MEDICAL RESEARCH | NY | $6,901 | $6,901 | ADVANCIUM HEALTH NETWORK INC |