Skip to content
Nonprofiteer
← ADVANCIUM HEALTH NETWORK INC

Form 990 for tax year 2022

Filed by ADVANCIUM HEALTH NETWORK INC.

Totals

Total revenue
$3,430,074
Total expenses
$3,086,977
Contributions and grants received
$3,430,000
Grants paid
$1,315,000
Program service revenue
$0
Investment income
$74
Other revenue
$0
Total assets, end of year
$417,585
Total liabilities, end of year
$87,517
Net assets or fund balances, end of year
$330,068
Program services expenses (Part IX)
$1,986,930
Management and general expenses
$1,057,109
Fundraising expenses
$42,938
Program service expenses (Part III)
$1,986,930

Program services were 64.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JEFFREY KAPLAN

    DIRECTOR & TREASURER

    Total calculated
    $0
    Hours/week
    5

  • LAURIE ZEPHYRIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • MARK VEICH

    DIRECTOR & PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • MICHELE CLEARY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • OLIVIER ELMENTO

    DIRECTOR & SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • RON MITCHELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • SHAWN DAVIS

    SVP & COO

    Total calculated
    $313,231
    From this org
    $301,059
    From related orgs
    $0
    Other
    $12,172
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,459
    Bonus
    $69,600
    Other
    $0
    Deferred
    $4,059
    Nontaxable benefits
    $8,113
    Filer's total
    $313,231

  • CONSTANCE WILLIAMS

    DIRECTOR OF CURE INNOVATION LAB

    Total calculated
    $193,369
    From this org
    $183,763
    From related orgs
    $0
    Other
    $9,606
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,443
    Bonus
    $31,320
    Other
    $0
    Deferred
    $2,426
    Nontaxable benefits
    $7,180
    Filer's total
    $193,369

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

  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE PRESIDENT PAID DISCRETIONARY BONUSES BASED ON STAFF PERFORMANCE DURING THE YEAR.

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • COBICURE LLC

    MEDICAL RESEARCH · NY · income $1,650,000 · assets $47,735

    Directly controlled by ADVANCIUM HEALTH NETWORK INC

  • CURE INNOVATION LABS LLC

    MEDICAL RESEARCH · NY · income $300,000 · assets $0

    Directly controlled by ADVANCIUM HEALTH NETWORK INC

  • LUKA SHAI FOUNDATION LLC

    RESEARCH GRANTS · NY · assets $0

    Directly controlled by ADVANCIUM HEALTH NETWORK INC

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349331150

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.