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Nonprofiteer
← DAVIS PHINNEY FOUNDATION

Form 990 for tax year 2024

Filed by DAVIS PHINNEY FOUNDATION.

Totals

Total revenue
$3,589,340
Total expenses
$3,595,235
Contributions and grants received
$2,852,650
Grants paid
$13,485
Program service revenue
$664,107
Investment income
$141,980
Other revenue
-$69,397
Total assets, end of year
$5,161,515
Total liabilities, end of year
$349,385
Net assets or fund balances, end of year
$4,812,130
Program services expenses (Part IX)
$2,829,289
Management and general expenses
$217,002
Fundraising expenses
$548,944
Program service expenses (Part III)
$2,829,289

Program services were 78.7% 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.

  • 1c · Fundraising events

    $891,583

  • 1f · All other contributions, gifts and grants

    $1,961,067

  • 2a · Program service revenue: SPONSORSHIPS

    total $640,107 · related or exempt $640,107

  • 2f · All other program service revenue

    total $24,000 · related or exempt $24,000

  • 3 · Investment income

    total $118,086 · excluded $118,086

  • 7a · Gross sales of assets other than inventory

    securities $3,271,926

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

    securities $3,248,032

  • 7c · Gain or loss

    securities $23,894

  • 7d · Net gain or loss

    total $23,894 · excluded $23,894

  • 8a · Fundraising events: gross income

    $63,370

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

    $891,583

  • 8b · Fundraising events: direct expenses

    $138,458

  • 8c · Net income from fundraising events

    total -$75,088 · excluded -$75,088

  • 11a · Other revenue: ADVERTISING INCOME

    total $5,691 · unrelated business $5,691

  • 11e · Other revenue, total

    $5,691

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,485 · program services $13,485

  • 5 · Compensation of officers, directors and key employees

    total $160,654 · program services $106,032 · management and general $12,852 · fundraising $41,770

  • 7 · Other salaries and wages

    total $1,818,922 · program services $1,333,120 · management and general $135,616 · fundraising $350,186

  • 8 · Pension plan contributions

    total $38,645 · program services $28,095 · management and general $2,898 · fundraising $7,652

  • 9 · Other employee benefits

    total $98,110 · program services $71,325 · management and general $7,359 · fundraising $19,426

  • 10 · Payroll taxes

    total $162,003 · program services $117,777 · management and general $12,150 · fundraising $32,076

  • 11b · Fees: legal

    total $11,024 · program services $9,193 · management and general $193 · fundraising $1,638

  • 11c · Fees: accounting

    total $33,041 · program services $27,555 · management and general $577 · fundraising $4,909

  • 11f · Fees: investment management

    total $32,393 · management and general $32,393

  • 11g · Fees: other

    total $332,397 · program services $299,093 · management and general $1,601 · fundraising $31,703

  • 12 · Advertising and promotion

    total $5,765 · program services $4,790 · management and general $103 · fundraising $872

  • 13 · Office expenses

    total $2,641 · program services $2,219 · management and general $44 · fundraising $378

  • 14 · Information technology

    total $281,973 · program services $238,521 · management and general $4,574 · fundraising $38,878

  • 16 · Occupancy

    total $98,686 · program services $88,818 · management and general $4,934 · fundraising $4,934

  • 17 · Travel

    total $53,353 · program services $50,767 · management and general $272 · fundraising $2,314

  • 22 · Depreciation, depletion and amortization

    total $600 · program services $486 · management and general $12 · fundraising $102

  • 23 · Insurance

    total $8,614 · program services $7,833 · management and general $82 · fundraising $699

  • 24a · Other expenses: PROGRAM AND OTHER EVENT

    total $117,518 · program services $117,518

  • 24b · Other expenses: POSTAGE AND SHIPPING

    total $89,505 · program services $89,009 · management and general $52 · fundraising $444

  • 24c · Other expenses: PRINTING

    total $74,959 · program services $73,810 · management and general $121 · fundraising $1,028

  • 24d · Other expenses: PROGRAM MANUALS

    total $71,980 · program services $71,980

  • 24e · All other expenses

    total $88,967 · program services $77,863 · management and general $1,169 · fundraising $9,935

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $560,788 · end of year $573,500

  • 2 · Savings and temporary cash investments

    beginning of year $73,117 · end of year $128,013

  • 4 · Accounts receivable

    beginning of year $30,801 · end of year $40,793

  • 9 · Prepaid expenses and deferred charges

    beginning of year $91,914 · end of year $72,224

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

    $12,784

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

    $12,060

  • 10c · Land, buildings and equipment, net

    beginning of year $1,324 · end of year $724

  • 11 · Investments: publicly traded securities

    beginning of year $3,985,591 · end of year $3,908,803

  • 12 · Investments: other securities

    beginning of year $229,000 · end of year $366,971

  • 15 · Other assets

    beginning of year $120,490 · end of year $70,487

  • 17 · Accounts payable and accrued expenses

    beginning of year $266,089 · end of year $183,955

  • 18 · Grants payable

    beginning of year $181,501 · end of year $75,420

  • 19 · Deferred revenue

    beginning of year $88,333 · end of year $21,250

  • 25 · Other liabilities

    beginning of year $115,603 · end of year $68,760

  • 27 · Net assets without donor restrictions

    beginning of year $4,363,655 · end of year $4,804,546

  • 28 · Net assets with donor restrictions

    beginning of year $77,844 · end of year $7,584

Mission and programs · 2024

Mission

THE DAVIS PHINNEY FOUNDATION'S MISSION IS TO HELP PEOPLE LIVE WELL WITH PARKINSON'S. WHILE IT IS CRITICAL TO FIND A CURE FOR PARKINSON'S, WE FEEL STRONGLY THAT PEOPLE LIVING WITH PARKINSON'S ALSO NEED INFORMATION AND TOOLS TO LIVE WELL TODAY. THE FOUNDATION WAS FOUNDED IN 2004 BY OLYMPIC CYCLIST DAVIS PHINNEY, WHO WAS DIAGNOSED WITH PARKINSON'S IN 2000, AT THE AGE OF 40. TODAY, DAVIS IS BOTH A ROLE MODEL IN THE CYCLING COMMUNITY AND AN INSPIRATION TO THE ESTIMATED 1 MILLION AMERICANS LIVING WITH PARKINSON'S. WE ARE COMMITTED TO SUPPORTING PROGRAMS AND RESEARCH THAT DELIVER INSPIRATION, INFORMATION AND TOOLS THAT WILL ENABLE PEOPLE LIVING WITH PARKINSON'S TO TAKE MORE CONTROL IN MANAGING THEIR PARKINSON'S. THE FOUNDATION PROVIDES ESSENTIAL INFORMATION, PRACTICAL TOOLS AND INSPIRATION TO PEOPLE LIVING WITH PARKINSON'S AND FUNDS RESEARCH CLOSELY ALIGNED WITH OUR MISSION - IMPROVING THE LIVES OF PEOPLE LIVING WITH PARKINSON'S.

  • THE DAVIS PHINNEY FOUNDATION PROVIDES A VARIETY OF EDUCATIONAL RESOURCES, INCLUDING LIVE WEBINARS, RECORDED VIDEOS, PRINTED TOOLS, AND ONLINE CONTENT TO HELP PEOPLE LIVE WELL WITH PARKINSON'S. EACH MONTH, WE HOST LIVE WEBINARS THAT COVER TOPICS CRITICAL TO QUALITY OF LIFE WITH PARKINSON'S. WE ALSO PRODUCE RECORDED CONTENT ON A MONTHLY BASIS AND MAINTAIN AN EXTENSIVE LIBRARY OF ON-DEMAND VIDEOS. OUR BLOG SERIES PROVIDES REGULAR UPDATES ON RESEARCH, MEDICATION, EXERCISE, NUTRITION, AND OTHER RELEVANT TOPICS. OUR FLAGSHIP RESOURCE, THE EVERY VICTORY COUNTS MANUAL, IS A COMPREHENSIVE GUIDE TO LIVING WELL WITH PARKINSON'S AND IS AVAILABLE IN MULTIPLE FORMATS, INCLUDING PRINT AND DIGITAL.

    Expenses $565,858 · Revenue $133,960

  • THE DAVIS PHINNEY FOUNDATION AMBASSADORS SHARE RESOURCES AND INFORMATION IN THEIR LOCAL COMMUNITIES TO HELP PEOPLE IMPROVE THEIR QUALITY OF LIFE WITH PARKINSON'S. OUR AMBASSADORS ENGAGE WITH SUPPORT GROUPS, INDIVIDUALS, FAMILIES, AND HEALTHCARE PROFESSIONALS TO PROVIDE EDUCATION AND ENCOURAGEMENT. THEY ALSO PRESENT AT LOCAL EVENTS AND OFFER ONE-ON-ONE SUPPORT TO PEOPLE LIVING WITH PARKINSON'S AND THEIR CARE PARTNERS.

    Expenses $622,444 · Revenue $147,356

  • THE HEALTHY PARKINSON'S COMMUNITIES INITIATIVE HAS SUPPORTED COMMUNITY-BASED ADVOCATES THROUGH STAFF SUPPORT, EDUCATIONAL RESOURCES, PRINT MATERIALS, MENTORSHIP, AND GRANTS FOR LOCAL PROJECTS. IN 2024, THE FOUNDATION BEGAN TO PHASE DOWN THIS PROGRAM TO FOCUS ON OTHER STRATEGIC PRIORITIES.IN 2024, THE DAVIS PHINNEY FOUNDATION LAUNCHED THE UPDATED PEDALING FOR PARKINSON'S PROGRAM NATIONALLY, FOLLOWING ITS TRANSITION TO FOUNDATION LEADERSHIP IN 2023. THIS INDOOR CYCLING PROGRAM IS DESIGNED TO HELP PEOPLE WITH PARKINSON'S MANAGE SYMPTOMS THROUGH EXERCISE. UNDER THE FOUNDATION'S LEADERSHIP, THE PROGRAM WAS ENHANCED WITH A NEW CURRICULUM, TRAINING MODEL, AND COMMUNITY ENGAGEMENT STRATEGY. THE FOUNDATION ALSO OFFERS ONLINE PEDALING FOR PARKINSON'S CLASSES FOR INDIVIDUALS WHO DO NOT HAVE A LOCAL PROGRAM OR WHO CANNOT PHYSICALLY ATTEND IN-PERSON CLASSES. PEDALING FOR PARKINSON'S CLASSES NOW SERVE AS A CONSISTENT POINT OF CONNECTION PROVIDING PARTICIPANTS WITH PROVEN EXERCISE BENEFITS AND LINKING THEM TO ADDITIONAL FOUNDATION RESOURCES, COMMUNITY SUPPORT, AND INFORMATION ABOUT LIVING WELL WITH PARKINSON'S.

    Expenses $848,787 · Revenue $200,939

  • THE FOUNDATION ALSO HAS SERVERAL SMALLER PROGRAMS INCLUDING COMMUNITY PARTNERSHIPS.

    Expenses $792,200 · Grants $13,485 · Revenue $181,852

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

Listed in Part VII

  • Susan Helm-Murtagh

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Peter Schmidt

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Stephen Chase

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Erica Borenstein

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Kara Beasley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Connie Carpenter-Phinney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Wissam Deeb MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brandon Halcott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Kwok

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Leventhal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Soania Mathur

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Glen Sibley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Caroline Goosman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Polly Dawkins

    EXECUTIVE DIRECTOR

    Total calculated
    $163,867
    From this org
    $160,654
    From related orgs
    $0
    Other
    $3,213
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,654
    Bonus
    $0
    Other
    $0
    Deferred
    $3,213
    Nontaxable benefits
    $0
    Filer's total
    $163,867

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 · Compensation survey or study
  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD REVIEWS AND APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION ANNUALLY IN ALIGNMENT WITH A COMPENSATION STUDY.

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
13 May 2025
IRS schema version
2024v5.1
Source object
202541339349308969

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