← INSTITUTE FOR ADVANCED CLINICAL TRIALS FOR CHILDREN

Form 990 for tax year 2024

Filed by INSTITUTE FOR ADVANCED CLINICAL TRIALS FOR CHILDREN.

This return was superseded by a later amendment.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 2024 , filed 15 July 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) 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.

Total revenue: $648,518 changed to $4,060
Total expenses: $2,711,066 changed to $1,306,642
Contributions and grants received: $500,972 changed to $0
Grants paid: $528 changed to $191,011
Program service revenue: $96,555 changed to $0
Investment income: $45,177 changed to $3,654
Other revenue: $5,814 changed to $406
Total assets, end of year: $1,381,300 changed to $0
Total liabilities, end of year: $78,718 changed to $0
Net assets or fund balances, end of year: $1,302,582 changed to $0
Program services expenses: $1,144,855 changed to $781,422
Management and general expenses: $1,062,174 changed to $337,622
Fundraising expenses: $504,037 changed to $187,598
Program service expenses (Part III): $1,144,855 changed to $781,422

Listed only on the earlier return

Angela PriceANGELA PRICE
Callie HeatonCALLIE HEATON
Gabriela TullochGABRIELA TULLOCH

Listed under a different title

Albert John AllenALBERT JOHN ALLEN: CMO then CMO (UNTIL 3/25)

Totals

Total revenue: $648,518
Total expenses: $2,711,066
Contributions and grants received: $500,972
Grants paid: $528
Program service revenue: $96,555
Investment income: $45,177
Other revenue: $5,814
Total assets, end of year: $1,381,300
Total liabilities, end of year: $78,718
Net assets or fund balances, end of year: $1,302,582
Program services expenses (Part IX): $1,144,855
Management and general expenses: $1,062,174
Fundraising expenses: $504,037
Program service expenses (Part III): $1,144,855

Program services were 42.2% 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.

1b · Membership dues

$350,000
1f · All other contributions, gifts and grants

$150,972
2a · Program service revenue: CLINICAL PROGRAM GUIDA

total $96,555 · related or exempt $96,555
3 · Investment income

total $45,177 · excluded $45,177
11a · Other revenue: OTHER REVENUE

total $5,814 · excluded $5,814
11e · Other revenue, total

$5,814

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $528 · program services $528
5 · Compensation of officers, directors and key employees

total $681,531 · program services $479,709 · management and general $136,087 · fundraising $65,735
7 · Other salaries and wages

total $926,336 · program services $200,016 · management and general $510,819 · fundraising $215,501
8 · Pension plan contributions

total $29,249 · program services $8,939 · management and general $13,911 · fundraising $6,399
9 · Other employee benefits

total $72,874 · program services $20,204 · management and general $35,107 · fundraising $17,563
10 · Payroll taxes

total $110,715 · program services $45,959 · management and general $44,884 · fundraising $19,872
11b · Fees: legal

total $13,346 · program services $7,761 · management and general $3,375 · fundraising $2,210
11c · Fees: accounting

total $82,661 · program services $48,020 · management and general $20,948 · fundraising $13,693
11d · Fees: lobbying

total $36,000 · program services $18,528 · management and general $8,804 · fundraising $8,668
11e · Fees: professional fundraising services

total $7,736 · fundraising $7,736
11g · Fees: other

total $473,705 · program services $243,801 · management and general $115,846 · fundraising $114,058
13 · Office expenses

total $17,027 · program services $6,773 · management and general $7,374 · fundraising $2,880
14 · Information technology

total $161,369 · program services $35,715 · management and general $110,293 · fundraising $15,361
16 · Occupancy

total $29,631 · program services $13,643 · management and general $10,017 · fundraising $5,971
17 · Travel

total $40,023 · program services $3,283 · management and general $33,362 · fundraising $3,378
19 · Conferences, conventions and meetings

total $1,223 · program services $490 · management and general $733
22 · Depreciation, depletion and amortization

total $467 · management and general $467
23 · Insurance

total $24,311 · program services $11,486 · management and general $7,813 · fundraising $5,012
24a · Other expenses: MISCELLANEOUS

total $2,334 · management and general $2,334

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $567,036 · end of year $536,010
2 · Savings and temporary cash investments

beginning of year $2,223,516 · end of year $508,820
3 · Pledges and grants receivable

beginning of year $558,560
4 · Accounts receivable

beginning of year $35,368 · end of year $250,000
9 · Prepaid expenses and deferred charges

beginning of year $82,969 · end of year $83,485
10a · Land, buildings and equipment: cost or other basis

$5,045
10b · Land, buildings and equipment: accumulated depreciation

$5,045
10c · Land, buildings and equipment, net

beginning of year $2,801 · end of year $0
15 · Other assets

beginning of year $30,798 · end of year $2,985
17 · Accounts payable and accrued expenses

beginning of year $107,685 · end of year $75,391
25 · Other liabilities

beginning of year $28,233 · end of year $3,327
27 · Net assets without donor restrictions

beginning of year $2,815,130 · end of year $752,582
28 · Net assets with donor restrictions

beginning of year $550,000 · end of year $550,000

Mission and programs · 2024

Mission

TO FUNCTION AS A NONPROFIT EDUCATIONAL, SCIENTIFIC AND RESEARCH ORGANIZATION TO ENABLE AND ADVANCE PEDIATRIC CLINICAL RESEARCH PRESCRIBED BY REGULATION THROUGH: (CONTINUED ON SCHED.O)

Activities or mission (Part I)

SEE PART III, LINE 1.

DURING THIS TIME PERIOD, THE ORGANIZATION MADE APPLICATIONS FOR CONTRIBUTIONS AND MEMBERSHIP FEES. FOUR MEMBERSHIP FEES WERE RECEIVED AND PLEDGED IN 2024. THROUGHOUT 2024, CLINICAL PROGRAM GUIDANCE SERVICES WERE PERFORMED FOR MEMBERS AND NON-MEMBERS. THERE WERE ADDITIONAL FINANCIAL CONTRIBUTIONS MADE IN 2024 FROM EDUCATIONAL GRANTS.THE ORGANIZATION PROVIDES EXPERT GUIDANCE AND INPUT ON PEDIATRIC CLINICAL DEVELOPMENT PLANS AND PEDIATRIC CLINICAL TRIALS WITH THE GOAL OF IMPROVING THE PROCESSES AND ACCELERATING THE DEVELOPMENT OF INNOVATIVE PRODUCTS FOR USE IN CHILDREN. ADDITIONALLY, THE ORGANIZATION ALSO CONNECTS QUALIFIED CLINICAL TRIAL SITES IN OUR PEDIATRIC CLINICAL TRIAL SITE NETWORK WITH CLINICAL TRIALS FOR A VARIETY OF BIOPHARMACEUTICAL COMPANIES.THE ORGANIZATION UTILIZES ITS NETWORK OF EXPERTS TO CONVENE WORKING GROUPS TO TACKLE PROBLEMS IN PEDIATRIC CLINICAL DEVELOPMENT COMMON ACROSS A VARIETY OF STAKEHOLDERS, THAT OTHERWISE WOULD NOT BE ADDRESSED IN A PRECOMPETITIVE MANNER.

Expenses $1,144,855 · Grants $528 · Revenue $96,555

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

Listed in Part VII

Elizabeth GarofaloELIZABETH GAROFALO

CHAIRWOMAN

Total calculated

$0

Hours/week

3
Martha BrumfieldMARTHA BRUMFIELD

SECRETARY/TREASURER

Total calculated

$0

Hours/week

3
Barry BrooksBARRY BROOKS

DIRECTOR

Total calculated

$0

Hours/week

3
James PomfretJAMES POMFRET

DIRECTOR

Total calculated

$0

Hours/week

3
Max CoppesMAX COPPES

DIRECTOR

Total calculated

$0

Hours/week

3
Jeff BarrettJEFF BARRETT

DIRECTOR

Total calculated

$0

Hours/week

3
Daniel JorgensenDANIEL JORGENSEN

DIRECTOR

Total calculated

$0

Hours/week

3
Tamaroh LewisTAMAROH LEWIS

DIRECTOR

Total calculated

$0

Hours/week

3
Stephanie DavisSTEPHANIE DAVIS

DIRECTOR

Total calculated

$0

Hours/week

3
Kristen SwingleKRISTEN SWINGLE

DIRECTOR

Total calculated

$0

Hours/week

3
Vivianna GuzmanVIVIANNA GUZMAN

EXECUTIVE DIRECTOR

Total calculated

$321,460

From this org

$308,132

From related orgs

$0

Other

$13,328

Hours/week

40

Schedule J breakdown matched by us

Base

$301,882

Bonus

$6,250

Other

$0

Deferred

$0

Nontaxable benefits

$13,328

Filer's total

$321,460
Albert John AllenALBERT JOHN ALLEN

CMO

Total calculated

$134,354

From this org

$130,020

From related orgs

$0

Other

$4,334

Hours/week

20
Laura LopezLAURA LOPEZ

CFAO

Total calculated

$225,717

From this org

$198,535

From related orgs

$0

Other

$27,182

Hours/week

40

Schedule J breakdown matched by us

Base

$194,368

Bonus

$4,167

Other

$0

Deferred

$8,360

Nontaxable benefits

$18,822

Filer's total

$225,717
Callie HeatonCALLIE HEATON

DIR. CLINICAL PROJECT MGMT UNTIL 11/24

Total calculated

$170,441

From this org

$162,600

From related orgs

$0

Other

$7,841

Hours/week

40

Schedule J breakdown matched by us

Base

$162,600

Bonus

$0

Other

$0

Deferred

$6,365

Nontaxable benefits

$1,476

Filer's total

$170,441
Angela PriceANGELA PRICE

DIR. CLINICAL SITE NETWORK

Total calculated

$168,500

From this org

$149,721

From related orgs

$0

Other

$18,779

Hours/week

40

Schedule J breakdown matched by us

Base

$149,721

Bonus

$0

Other

$0

Deferred

$5,046

Nontaxable benefits

$13,733

Filer's total

$168,500
Gabriela TullochGABRIELA TULLOCH

SR. MGR. CLINICAL SITE NET

Total calculated

$160,314

From this org

$138,150

From related orgs

$0

Other

$22,164

Hours/week

40

Schedule J breakdown matched by us

Base

$138,150

Bonus

$0

Other

$0

Deferred

$4,910

Nontaxable benefits

$17,254

Filer's total

$160,314

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 committee
3 · Independent compensation consultant
3 · Approval by the board or compensation committee
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: VIVIANNA GUZMAN AND LAURA LOPEZ BOTH RECEIVED A ONE-TIME APPRECIATION BONUS IN AUGUST 2024 (DISCRETIONARY BONUS) FOR $6,250 AND $4,167 RESPECTIVELY.

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

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2024
Filed: 27 March 2025
IRS schema version: 2024v5.1
Source object: 202500869349300915

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