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Nonprofiteer
← NATIONAL STEM CELL FOUNDATION INC

Form 990 for tax year 2024

Filed by NATIONAL STEM CELL FOUNDATION INC.

Totals

Total revenue
$2,468,330
Total expenses
$2,402,380
Contributions and grants received
$2,336,614
Grants paid
$647,920
Program service revenue
$11,000
Investment income
$120,716
Other revenue
$0
Total assets, end of year
$7,486,803
Total liabilities, end of year
$408,291
Net assets or fund balances, end of year
$7,078,512
Program services expenses (Part IX)
$1,939,510
Management and general expenses
$174,505
Fundraising expenses
$288,365
Program service expenses (Part III)
$1,939,510

Program services were 80.7% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $1,496,209

  • 1f · All other contributions, gifts and grants

    $840,405

  • 1g · Noncash contributions included above

    $313,719

  • 2a · Program service revenue: Program Related Assets

    total $11,000 · related or exempt $11,000 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $66,939 · related or exempt $0 · unrelated business $0 · excluded $66,939

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,389,169 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $1,335,392 · other assets $0

  • 7c · Gain or loss

    securities $53,777 · other assets $0

  • 7d · Net gain or loss

    total $53,777 · related or exempt $0 · unrelated business $0 · excluded $53,777

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

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $647,920 · program services $647,920

  • 5 · Compensation of officers, directors and key employees

    total $136,292 · program services $107,542 · management and general $23,615 · fundraising $5,135

  • 7 · Other salaries and wages

    total $116,359 · program services $46,062 · management and general $34,396 · fundraising $35,901

  • 9 · Other employee benefits

    total $6,681 · program services $3,148 · management and general $2,291 · fundraising $1,242

  • 10 · Payroll taxes

    total $20,286 · program services $13,119 · management and general $3,494 · fundraising $3,673

  • 11b · Fees: legal

    total $33,676 · program services $28,702 · management and general $4,974

  • 11c · Fees: accounting

    total $44,782 · program services $4,392 · management and general $40,390

  • 11d · Fees: lobbying

    total $60,000 · fundraising $60,000

  • 11f · Fees: investment management

    total $6,776 · management and general $6,776

  • 11g · Fees: other

    total $228,955 · program services $60,606 · management and general $16,982 · fundraising $151,367

  • 12 · Advertising and promotion

    total $18,703 · program services $14,722 · management and general $1,435 · fundraising $2,546

  • 13 · Office expenses

    total $66,244 · program services $49,569 · management and general $8,159 · fundraising $8,516

  • 14 · Information technology

    total $23,574 · program services $8,175 · management and general $4,412 · fundraising $10,987

  • 16 · Occupancy

    total $43,441 · program services $24,965 · management and general $13,231 · fundraising $5,245

  • 17 · Travel

    total $11,162 · program services $11,162

  • 19 · Conferences, conventions and meetings

    total $7,916 · program services $7,660 · fundraising $256

  • 22 · Depreciation, depletion and amortization

    total $2,742 · program services $1,658 · management and general $791 · fundraising $293

  • 23 · Insurance

    total $35,469 · program services $27,422 · management and general $6,296 · fundraising $1,751

  • 24a · Other expenses: Space Research

    total $871,296 · program services $871,296 · management and general $0 · fundraising $0

  • 24b · Other expenses: Professional Memberships

    total $5,581 · program services $5,581 · management and general $0 · fundraising $0

  • 24c · Other expenses: Recruiting

    total $14,525 · program services $5,809 · management and general $7,263 · fundraising $1,453

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $398,039 · end of year $599,239

  • 3 · Pledges and grants receivable

    beginning of year $76,000 · end of year $7,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,587 · end of year $9,032

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

    $66,260

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

    $56,907

  • 10c · Land, buildings and equipment, net

    beginning of year $1,251 · end of year $9,353

  • 11 · Investments: publicly traded securities

    beginning of year $1,533,415 · end of year $990,183

  • 13 · Investments: program-related

    beginning of year $5,696,114 · end of year $5,724,021

  • 15 · Other assets

    end of year $147,475

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,910 · end of year $55,743

  • 18 · Grants payable

    beginning of year $666,069 · end of year $200,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $152,548

  • 27 · Net assets without donor restrictions

    beginning of year $7,010,427 · end of year $7,052,668

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $25,844

Mission and programs · 2024

Mission

See Schedule O.

  • See Schedule O

    Expenses $1,939,510 · Grants $647,720 · Revenue $11,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Paula Grisanti

    CEO

    Total calculated
    $100,000
    From this org
    $100,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Diane Cornwell

    Chief Financial Officer

    Total calculated
    $30,950
    From this org
    $30,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Michael Grisanti

    Director

    Total calculated
    $0
    Hours/week
    2

  • John M Cranor III

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Dennis Riggs

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Bruce S Wolff

    Chairman

    Total calculated
    $0
    Hours/week
    1.5

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.0
Source object
202503219349303825

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