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Nonprofiteer
← LIFE RAFT GROUP INC

Form 990 for tax year 2024

Filed by LIFE RAFT GROUP INC.

Totals

Total revenue
$2,179,789
Total expenses
$1,770,153
Contributions and grants received
$2,089,809
Grants paid
$25,000
Program service revenue
$0
Investment income
$166,851
Other revenue
-$76,871
Total assets, end of year
$3,761,480
Total liabilities, end of year
$301,915
Net assets or fund balances, end of year
$3,459,565
Program services expenses (Part IX)
$1,630,539
Management and general expenses
$69,807
Fundraising expenses
$69,807
Program service expenses (Part III)
$1,630,539

Program services were 92.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $140,510

  • 1f · All other contributions, gifts and grants

    $1,949,299

  • 3 · Investment income

    total $166,851 · excluded $166,851

  • 8a · Fundraising events: gross income

    $46,205

  • 8a · Fundraising events: contributions included on line 1c

    $140,510

  • 8b · Fundraising events: direct expenses

    $132,669

  • 8c · Net income from fundraising events

    total -$86,464 · excluded -$86,464

  • 11a · Other revenue: OTHER

    total $9,593 · excluded $9,593

  • 11e · Other revenue, total

    $9,593

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,000 · program services $25,000

  • 5 · Compensation of officers, directors and key employees

    total $371,958 · program services $342,202 · management and general $14,878 · fundraising $14,878

  • 7 · Other salaries and wages

    total $673,822 · program services $619,916 · management and general $26,953 · fundraising $26,953

  • 8 · Pension plan contributions

    total $8,317 · program services $7,651 · management and general $333 · fundraising $333

  • 9 · Other employee benefits

    total $34,993 · program services $32,195 · management and general $1,399 · fundraising $1,399

  • 10 · Payroll taxes

    total $97,063 · program services $89,297 · management and general $3,883 · fundraising $3,883

  • 11b · Fees: legal

    total $6,265 · program services $5,763 · management and general $251 · fundraising $251

  • 11c · Fees: accounting

    total $40,380 · program services $37,150 · management and general $1,615 · fundraising $1,615

  • 11g · Fees: other

    total $335,802 · program services $308,938 · management and general $13,432 · fundraising $13,432

  • 12 · Advertising and promotion

    total $3,635 · program services $3,345 · management and general $145 · fundraising $145

  • 13 · Office expenses

    total $37,692 · program services $34,676 · management and general $1,508 · fundraising $1,508

  • 14 · Information technology

    total $8,547 · program services $7,863 · management and general $342 · fundraising $342

  • 16 · Occupancy

    total $28,580 · program services $26,294 · management and general $1,143 · fundraising $1,143

  • 19 · Conferences, conventions and meetings

    total $33,163 · program services $30,509 · management and general $1,327 · fundraising $1,327

  • 22 · Depreciation, depletion and amortization

    total $1,220 · program services $1,122 · management and general $49 · fundraising $49

  • 23 · Insurance

    total $1,697 · program services $1,561 · management and general $68 · fundraising $68

  • 24a · Other expenses: MEETINGS/EDUCATIONAL SE

    total $43,608 · program services $40,120 · management and general $1,744 · fundraising $1,744

  • 24b · Other expenses: COMMUNICATIONS

    total $12,143 · program services $11,171 · management and general $486 · fundraising $486

  • 24c · Other expenses: PRINTING & PUBLICATIONS

    total $3,792 · program services $3,488 · management and general $152 · fundraising $152

  • 24d · Other expenses: POSTAGE

    total $2,476 · program services $2,278 · management and general $99 · fundraising $99

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$1

  • 2 · Savings and temporary cash investments

    beginning of year $864,659 · end of year $623,636

  • 4 · Accounts receivable

    beginning of year $60,910 · end of year $213,354

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,382 · end of year $7,123

  • 10a · Land, buildings and equipment: cost or other basis

    $42,306

  • 10b · Land, buildings and equipment: accumulated depreciation

    $36,226

  • 10c · Land, buildings and equipment, net

    beginning of year $410 · end of year $6,080

  • 11 · Investments: publicly traded securities

    beginning of year $2,240,613 · end of year $2,868,450

  • 15 · Other assets

    beginning of year $75,073 · end of year $42,837

  • 17 · Accounts payable and accrued expenses

    beginning of year $212,537 · end of year $263,119

  • 25 · Other liabilities

    beginning of year $70,986 · end of year $38,796

  • 27 · Net assets without donor restrictions

    beginning of year $2,396,817 · end of year $2,432,060

  • 28 · Net assets with donor restrictions

    beginning of year $563,706 · end of year $1,027,505

Mission and programs · 2024

Mission

ENHANCING SURVIVAL AND QUALITY OF LIFE FOR PEOPLE LIVING WITH GIST AND OTHER RARE CANCERS THROUGH PATIENT-POWERED RESEARCH, EDUCATION, EMPOWERMENT AND GLOBAL ADVOCACY EFFORTS.

Activities or mission (Part I)

ENHANCING SURVIVAL AND QUALITY OF LIFE FOR PEOPLE LIVING WITH GIST AND OTHER RARE CANCERS THROUGH PATIENT-POWERED RESEARCH, EDUCATION, EMPOWERMENT AND GLOBAL ADVOCACY EFFORTS. THE VISION IS TO CHAMPION PATIENT-POWERED SCIENCE AND DRASTICALLY INCREASE LONG-TERM SURVIVORSHIP FOR GIST CANCER PATIENTS.

  • RESEARCH: WE FUND AND MANAGE UNIQUELY COORDINATED RESEARCH INITIATIVES THAT ALWAYS KEEP THE NEEDS OF GIST PATIENTS FOREMOST. THE LIFE RAFT GROUP (LRG) CONTINUES TO LEAD A COLLABORATIVE TEAM OF WORLD-RENOWNED SCIENTISTS AND CLINICIANS IN GIST. LRG HAS THE LARGEST GIST PATIENT REGISTRY IN THE WORLD. OUR RESEARCH PARADIGM IS PATIENT-POWERED SCIENCE FOR LIFE. A COMPREHENSIVE APPROACH THAT COMPLIMENTS TRADITIONAL RESEARCH WITH REAL WORLD EVIDENCE SUPPORTED BY DATA.

    Expenses $1,141,896 · Grants $25,000

  • INFORMATION, EDUCATION, ADVOCACY, OUTREACH & ENGAGEMENT: THE LRG PROVIDES SUPPORT, INTERVENTION, EDUCATION AND ADVOCACY TO GIST PATIENTS, THEIR FAMILIES, AND CAREGIVERS. LOCAL SUPPORT IS AVAILABLE TO THE GIST COMMUNITY THROUGH A NETWORK OF LRG MENTORS AND VOLUNTEERS. OUR EDUCATION PROGRAMS ARE OFFERED WORLDWIDE. OUR GIST DAYS OF LEARNING ANDOUR BIENNIAL LIFE FEST EVENT GATHER EXPERTS FROM ACROSS THE GLOBE TO BRING THE MOST UP TO DATE INFORMATION ON GIST RESEARCH, EMERGING THERAPIES AND UPDATES ON THE WORLD OF GIST. OUR OUTREACH AND ENGAGEMENT EFFORTS ALSO INCLUDE PATIENT SUPPORT GROUPS, FOCUS GROUPS, MONTHLY WEBCASTS, OUR WEBSITE, ACCESS TO OUR CLINICAL TRIALS DATABASE AND OUR WORLDWIDE GIST SPECIALIST DATABASE. EXPERT PATIENT TRAINING IS OFFERED TO ALL MEMBERS.

    Expenses $488,643

As filed on the 2024 return.

Listed in Part VII

  • Stan Bunn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jim Hughes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Christa Pereira

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Abrams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Teena Petersohn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gary Glasser

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Steve Pontell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kay Stolzer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Monica Anderson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Santy Disabatino

    BOARD MEMBER & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Patricia Bonda-Swenson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bill Borwegen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robin Elia

    CONTROLLER

    Total calculated
    $77,776
    From this org
    $73,829
    From related orgs
    $0
    Other
    $3,947
    Hours/week
    30

  • Laura Occhiuzzi

    DEPUTY EXECUTIVE DIRECTOR

    Total calculated
    $138,936
    From this org
    $131,915
    From related orgs
    $0
    Other
    $7,021
    Hours/week
    35

  • Sara Rothschild

    EXECUTIVE DIRECTOR

    Total calculated
    $155,246
    From this org
    $144,660
    From related orgs
    $0
    Other
    $10,586
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,660
    Bonus
    $0
    Other
    $0
    Deferred
    $3,986
    Nontaxable benefits
    $6,600
    Filer's total
    $155,246

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349320781

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