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← PAULA TAKACS FOUNDATION FOR SARCOMA RESEARCH

Form 990 for tax year 2022

Filed by PAULA TAKACS FOUNDATION FOR SARCOMA RESEARCH.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 15 March 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$617,474
Total expenses
$391,068
Contributions and grants received
$617,474
Grants paid
$275,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$577,201
Total liabilities, end of year
$571
Net assets or fund balances, end of year
$576,630
Program services expenses (Part IX)
$382,507
Management and general expenses
$8,445
Fundraising expenses
$116
Program service expenses (Part III)
$382,507

Program services were 97.8% 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

    $515,784

  • 1f · All other contributions, gifts and grants

    $101,690

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

    $515,784

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $275,000 · program services $275,000

  • 5 · Compensation of officers, directors and key employees

    total $50,500 · program services $50,500

  • 10 · Payroll taxes

    total $3,863 · program services $3,863

  • 11c · Fees: accounting

    total $1,010 · management and general $1,010

  • 11g · Fees: other

    total $31,163 · program services $31,163

  • 12 · Advertising and promotion

    total $21,981 · program services $21,981

  • 13 · Office expenses

    total $7,551 · management and general $7,435 · fundraising $116

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $350,643 · end of year $577,201

  • 17 · Accounts payable and accrued expenses

    beginning of year $505 · end of year $571

  • 27 · Net assets without donor restrictions

    beginning of year $350,138 · end of year $576,630

Mission and programs · 2022

Mission

The mission is to raise funds for local research, amplify awareness, and accelerate the fight to end sarcoma cancers - resulting in local and global development pathway for new sarcoma treatments and increase the speed of accurate diagnoses.

  • THE PAUL TAKACS FOUNDATION FOR SARCOMA RESEARCH, A 501c(3) TAX EXEMPT ORGANIZATION RAISES BOTH AWARENESS AND CRITICAL FUNDING FOR SARCOMA RESEARCH. SARCOMAS CURRENTLY REPRESENTS APPROXIMATELY 1% OF ADULT AND 15% OF CHILDHOOD CANCERS, AND THEREFORE LACK THE LEVEL OF GOVERNMENT FUNDING THAT OTHER MORE PREVALENT CANCERS OFTEN RECEIVE. IN ADDITION, THERE ARE 50 DIFFERENT TYPES OF SARCOMAS, ALL OF WHICH RESPOND DIFFERENTLY TO TREATMENT. WITH THESE STATISTICS, COUPLED WITH THE RESISTANCE THAT MANY SARCOMA TYPES DISPLAY TO TRADITIONAL CANCER TREATMENTS, THERE IS A PRESSING NEED FOR PRIVATE FUNDING TO SUPPORT THE EFFORT TOWARD MORE EFFECTIVE TREATMENTS FOR SARCOMAS.

    Expenses $382,507 · Grants $275,000 · Revenue $230,759

As filed on the 2022 return.

Listed in Part VII

  • Susan Udelson

    President - Executive Directo

    Total calculated
    $50,500
    From this org
    $50,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Thomas Valle

    Director

    Total calculated
    $0
    Hours/week
    5

  • Heather Lopane

    Director

    Total calculated
    $0
    Hours/week
    5

  • Elizabeth Romano

    Director

    Total calculated
    $0
    Hours/week
    0

  • Douglas Sleeper

    Director

    Total calculated
    $0
    Hours/week
    0

  • Heather Franklin

    Director

    Total calculated
    $0
    Hours/week
    0

  • Joshua Patt

    Director

    Total calculated
    $0
    Hours/week
    5

  • Dawn Whitmore

    Director

    Total calculated
    $0
    Hours/week
    5

  • Nicole Gower

    Director

    Total calculated
    $0
    Hours/week
    5

  • Suzanne Levine

    Director

    Total calculated
    $0
    Hours/week
    5

  • James Barnes

    Director

    Total calculated
    $0
    Hours/week
    5

  • Ashley Smith

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • Lee Sugg

    Treasurer

    Total calculated
    $0
    Hours/week
    10

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
2022
Filed
7 February 2023
IRS schema version
2022v4.1
Source object
202310449349301941

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