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Nonprofiteer
← SOLVING KIDS CANCER INC

Form 990 for tax year 2023

Filed by SOLVING KIDS CANCER INC.

Totals

Total revenue
$641,068
Total expenses
$1,154,712
Contributions and grants received
$657,576
Grants paid
$511,773
Program service revenue
$0
Investment income
$71,862
Other revenue
-$88,370
Total assets, end of year
$2,075,323
Total liabilities, end of year
$145,667
Net assets or fund balances, end of year
$1,929,656
Program services expenses (Part IX)
$731,842
Management and general expenses
$189,417
Fundraising expenses
$233,453
Program service expenses (Part III)
$731,842

Program services were 63.4% 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

    $207,063

  • 1f · All other contributions, gifts and grants

    $450,513

  • 3 · Investment income

    total $71,862 · excluded $71,862

  • 8a · Fundraising events: gross income

    $100,890

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

    $207,063

  • 8b · Fundraising events: direct expenses

    $189,260

  • 8c · Net income from fundraising events

    total -$88,370

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $466,773 · program services $466,773

  • 3 · Grants to foreign organizations and individuals

    total $45,000 · program services $45,000

  • 5 · Compensation of officers, directors and key employees

    total $148,000 · program services $118,400 · management and general $14,800 · fundraising $14,800

  • 7 · Other salaries and wages

    total $193,509 · program services $69,430 · management and general $50,087 · fundraising $73,992

  • 9 · Other employee benefits

    total $30,024 · program services $16,513 · management and general $5,705 · fundraising $7,806

  • 10 · Payroll taxes

    total $25,388 · program services $13,963 · management and general $4,824 · fundraising $6,601

  • 11c · Fees: accounting

    total $53,543 · management and general $53,543

  • 11e · Fees: professional fundraising services

    total $46,200 · fundraising $46,200

  • 11g · Fees: other

    total $38,113 · management and general $14,113 · fundraising $24,000

  • 12 · Advertising and promotion

    total $13,306 · fundraising $13,306

  • 13 · Office expenses

    total $1,778 · management and general $1,778

  • 14 · Information technology

    total $4,904 · management and general $4,904

  • 16 · Occupancy

    total $17,618 · management and general $17,618

  • 17 · Travel

    total $7,349 · program services $1,763 · management and general $5,586

  • 23 · Insurance

    total $6,377 · management and general $6,377

  • 24a · Other expenses: FUNDRAISING EXPENSES

    total $39,090 · fundraising $39,090

  • 24b · Other expenses: DUES AND FEES

    total $9,416 · management and general $9,416

  • 24c · Other expenses: BANK AND SERVICE CHARGES

    total $8,324 · management and general $666 · fundraising $7,658

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $573,869 · end of year $289,435

  • 2 · Savings and temporary cash investments

    beginning of year $1,773,840 · end of year $278,457

  • 3 · Pledges and grants receivable

    beginning of year $93,245 · end of year $65,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,804 · end of year $5,081

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

    $229,552

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

    $229,552

  • 11 · Investments: publicly traded securities

    end of year $1,302,883

  • 15 · Other assets

    beginning of year $148,721 · end of year $134,467

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,926 · end of year $12,668

  • 25 · Other liabilities

    beginning of year $147,253 · end of year $132,999

  • 27 · Net assets without donor restrictions

    beginning of year $726,840 · end of year $439,540

  • 28 · Net assets with donor restrictions

    beginning of year $1,716,460 · end of year $1,490,116

Mission and programs · 2023

Mission

SKC IMPACTS CHILDREN THROUGH THE INITIATION OF CLINICAL RESEARCH TRIALS OF INVESTIGATIONAL TREATMENT STRATEGIES. OUR VISION IS TO CONTINUE EXPANDING THE ARMAMENTARIUM OF EFFECTIVE AND LESS TOXIC TREATMENT STRATEGIES FOR PEDIATRIC ONCOLOGISTS TO UTILIZE UNTIL LONG-TERM SURVIVAL IS A REALITY FOR ALL CHILDREN WITH HIGH-RISK SOLID TUMORS AND BRAIN TUMORS. TO ACCOMPLISH OUR MISSION, SKC FUNDS AND ADVOCATES FOR BREAKTHROUGH TREATMENT OPTIONS TO CURE CHILDREN WITH THE MOST FATAL PEDIATRIC CANCERS THROUGH COLLABORATIVE PARTNERSHIPS WITH THE RESEARCH COMMUNITY AND RELATED NONPROFIT STAKEHOLDERS.

Activities or mission (Part I)

TO MAKE RADICAL IMPROVEMENTS IN SURVIVAL OUTCOMES FOR CHILDREN WITH THE MOST FATAL PEDIATRIC CANCERS.

  • SKC AND OUR ADVISORS SURVEY, ACTIVELY DISCUSS, AND PRIORITIZE THE AREAS OF GREATEST UNMET NEEDS WITHIN THE PEDIATRIC CANCER RESEARCH LANDSCAPE AND DEVELOP SPECIFIC PROGRAMS TO ADDRESS THEM. (1) THE PH I TITAN CLINICAL TRIAL IS PROVIDING AN EFFECTIVE TARGETED DRUG FOR CHILDREN WITH ALK MUTATIONS IN FRONTLINE TREATMENT WHEN NEWLY DIAGNOSED AND IS GENERATING CRITICAL DATA TOWARDS AN APPROVAL FOR USE AS A STANDARD OF CARE. WORKING TOWARDS HAVING THIS BE ONE OF THE FIRST TARGETED AGENTS BECOMING APPROVED FOR HR NB AND UTILIZED AS A COMBINATION THERAPY STRATEGY, MAKING A SIGNIFICANT IMPACT ON OVERALL SURVIVAL. (2) OUR COLLABORATION WITH THE NATIONAL CANCER INSTITUTE TO VALIDATE AND DEVELOP AN IMMUNOTHERAPY TREATMENT FOR CHILDREN WITH ETMR AND MEDULLOBLASTOMA BRAIN TUMORS USING A T CELL CAR TO TARGET GPC2 IS THE FIRST EVER IMMUNOTHERAPY RESEARCH PROGRAM SPECIFIC FOR ETMR BRAIN TUMORS. IF THE RESULTS ARE POSITIVE THIS WORK WILL BE RAPIDLY TRANSLATED INTO A CLINICAL TRIAL TO INCLUDE CHILDREN WITH ETMR AS WELL AS MEDULLOBLASTOMA USING THIS CUTTING-EDGE IMMUNOTHERAPY. (3) THE PH I CLINICAL TRIAL USING A TRIPLET COMBINATION HAS BEEN A LIFELINE FOR CHILDREN WITH NEUROBLASTOMA WHO RELAPSE AND THE STUDY HAS BEEN SO SUCCESSFUL THAT IT WILL STAY OPEN TO ACCRUE EVEN MORE PATIENTS THAN ORIGINALLY PLANNED. WHILE THE CLINICAL TRIAL IS PROVIDING TREATMENT BENEFIT TO PATIENTS, THE TRIAL IS GENERATING VERY IMPORTANT DATA THAT CAN BE USED TO FURTHER ADVANCE THIS TRIPLE TREATMENT COMBINATION INTO MORE POINTS IN THE TREATMENT CONTINUUM FOR EVEN GREATER PATIENT BENEFIT. (4) SKC TARGETS ONLY THE MOST CHALLENGING AND POOREST OUTCOME CHILDHOOD CANCERS THAT REQUIRE SIGNIFICANT HELP AND HAVE THE GREATEST UNMET NEED INCLUDING HIGH-RISK BRAIN TUMORS AND SOLID TUMORS. (5) TAKES A GLOBAL APPROACH TO SUPPORTING PROGRAMS TO LEVERAGE THE COLLECTIVE POWER OF COLLABORATION ACROSS SEVERAL CENTERS-OF-EXCELLENCE TO BREAK DOWN BARRIERS, SPEED PROGRESS AND HAVE MORE CHILDREN ACCESS PROMISING TREATMENTS. (6) PRIORITIZES ADVANCING TREATMENT OPTIONS THAT HAVE THE HIGHEST POTENTIAL FOR CURATIVE RESPONSES RATHER THAN PARTIAL TUMOR SHRINKAGE OR TEMPORARY LIFE EXTENSION. (7) TAKES LEADERSHIP ROLES WITHIN INFLUENTIAL NATIONAL AND INTERNATIONAL RESEARCH GROUPS' ADVISORY BOARDS AND CO-AUTHOR INFLUENTIAL PAPERS IN PROFESSIONAL JOURNALS TO DRIVE NEW DIRECTION TO POSITIVELY IMPACT PATIENTS. (8) BUILD COALITIONS AND PARTNERSHIPS WITH OTHER NONPROFITS IN COLLABORATIVELY DRIVING AND FUNDING RESEARCH PROJECTS FOR GREATER IMPACT AND SCALE BECAUSE WE ARE MUCH MORE EFFECTIVE TOGETHER THAN WORKING ALONE. SKC PRIORITIZES THE DELIVERY OF TRANSFORMATIVE, NEXT-GENERATION CANCER THERAPIES TO THIS POPULATION THAT INCLUDES IMMUNOTHERAPY, VACCINES, CELLULAR THERAPY, ONCOLYTIC VIROTHERAPY, THERAPEUTIC ANTIBODIES, CHECKPOINT INHIBITORS, SYNERGISTIC COMBINATION TREATMENTS, NEW GENOMICALLY TARGETED DRUGS, INTERVENTIONAL RADIOLOGY TECHNIQUES AND NOVEL DELIVERY MECHANISMS. OUR CRITERIA FOR IDENTIFYING AND SUPPORTING THESE NOVEL APPROACHES AIMS TO PROVIDE MORE EFFECTIVE AND LESS TOXIC TREATMENT OPTIONS THAN THE CURRENT STANDARD-OF-CARE. (9) WE ARE PLANNING A NEW INITIATIVE FOR MEDULLOBLASTOMA TO IDENTIFY PROMISING COMBINATION THERAPIES THAT CROSS THE BLOOD-BRAIN BARRIER AS WELL AS NEW DELIVERY MECHANISMS.

    Expenses $731,842 · Grants $511,773

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Scott Kennedy

    EXECUTIVE DI

    Total calculated
    $157,090
    From this org
    $142,520
    From related orgs
    $0
    Other
    $14,570
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,520
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $14,570
    Filer's total
    $157,090
  • Khalil Barrage

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Hearn Jay Cho

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Diala Tabet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Lindy Gad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • John London

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Michael Niedzielski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Julia Roux

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mark Savoye

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Eyal Soffer

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Channing Stave

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

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 · Form 990 of other organizations
  • 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

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
2023
Filed
13 November 2024
IRS schema version
2023v5.0
Source object
202443199349312329

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