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Nonprofiteer
← CURE VCP DISEASE INC

Form 990 for tax year 2023

Filed by CURE VCP DISEASE INC.

Totals

Total revenue
$421,071
Total expenses
$350,130
Contributions and grants received
$380,719
Grants paid
$62,123
Program service revenue
$4,181
Investment income
$0
Other revenue
$36,171
Total assets, end of year
$488,967
Total liabilities, end of year
$11,215
Net assets or fund balances, end of year
$477,752
Program services expenses (Part IX)
$276,764
Management and general expenses
$19,979
Fundraising expenses
$53,387
Program service expenses (Part III)
$276,764

Program services were 79.0% 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

    $82,537

  • 1f · All other contributions, gifts and grants

    $298,182

  • 2a · Program service revenue: PATIENT CONFERENCE

    total $4,181 · related or exempt $4,181

  • 8a · Fundraising events: gross income

    $45,187

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

    $82,537

  • 8b · Fundraising events: direct expenses

    $9,016

  • 8c · Net income from fundraising events

    total $36,171 · excluded $36,171

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $18,855 · program services $18,855

  • 3 · Grants to foreign organizations and individuals

    total $43,268 · program services $43,268

  • 7 · Other salaries and wages

    total $99,937 · program services $65,126 · management and general $1,062 · fundraising $33,749

  • 9 · Other employee benefits

    total $424 · program services $424

  • 10 · Payroll taxes

    total $8,068 · program services $5,486 · fundraising $2,582

  • 11b · Fees: legal

    total $4,494 · management and general $3,494 · fundraising $1,000

  • 11c · Fees: accounting

    total $2,600 · management and general $2,600

  • 11e · Fees: professional fundraising services

    total $13,750 · fundraising $13,750

  • 11g · Fees: other

    total $86,939 · program services $86,939

  • 12 · Advertising and promotion

    total $3,499 · program services $499 · management and general $3,000

  • 13 · Office expenses

    total $3,137 · program services $377 · management and general $2,760

  • 14 · Information technology

    total $4,745 · program services $1,650 · management and general $2,066 · fundraising $1,029

  • 17 · Travel

    total $21,950 · program services $20,726 · fundraising $1,224

  • 19 · Conferences, conventions and meetings

    total $30,020 · program services $29,870 · management and general $150

  • 23 · Insurance

    total $3,098 · program services $190 · management and general $2,908

  • 24a · Other expenses: RESEARCH EQUIPMENT

    total $3,093 · program services $3,093

  • 24b · Other expenses: BANK SERVICE CHARGE

    total $1,492 · management and general $1,439 · fundraising $53

  • 24c · Other expenses: MEMBERSHIPS

    total $500 · management and general $500

  • 24d · Other expenses: EDUCATION RESOURCES

    total $261 · program services $261

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $402,586 · end of year $475,504

  • 4 · Accounts receivable

    beginning of year $4,225 · end of year $9,463

  • 9 · Prepaid expenses and deferred charges

    end of year $4,000

  • 17 · Accounts payable and accrued expenses

    end of year $799

  • 19 · Deferred revenue

    end of year $10,416

  • 27 · Net assets without donor restrictions

    beginning of year $188,193 · end of year $265,648

  • 28 · Net assets with donor restrictions

    beginning of year $218,618 · end of year $212,104

Mission and programs · 2023

Mission

Patient support and research for VCP Disease

  • Creation of Scientific and Clinical Trial Tools: Cure VCP Disease used contract researchers to create video measures and two cell models, derived from patient's blood, that will be used in the discovery of treatments for VCP disease. To date, these tools have been used to launch three projects aimed at accelerating treatment development.

    Expenses $86,938

  • Sponsorship of Research: Cure VCP Disease is collaborating to investigate the use of gene editing to correct pathogenic variants of the VCP gene. This approach could bring a treatment to 70% of known patients with VCP disease.

    Expenses $53,268 · Grants $53,268

  • Connections Conference: A VCP Family Gathering - Cure VCP Disease held an educational conference with the topics of understanding the disease, mental health, assistive devices, financial planning, and community building. There were 70+ people in attendance.

    Expenses $29,870 · Revenue $4,181

  • Grants $8,855Advertising & marketing $499Information Technology $1,650Office Expenses $377Educational resources $261Program Equip. & Mater. $3,093Benefits $424Payroll Taxes $5,486Wages $65,126Workers Comp. Insurance $190Travel $20,726

    Expenses $106,688 · Grants $8,855

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

Listed in Part VII

  • Nathan Peck

    CEO

    Total calculated
    $0
    Hours/week
    15
  • Allison Peck

    CFO

    Total calculated
    $0
    Hours/week
    15
  • Amy Casey

    SECRETARY

    Total calculated
    $0
    Hours/week
    10
  • Kelly Gold

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Brandon Feldt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10
  • Sara Buhr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Maureen McArthur Hart

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • David Kaminsky

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Alexis Elder

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

  • A 50-50 MATCHING GRANT TO A YOUNG INVESTIGATOR PURSING GENE EDITING

  • THE PURPOSE OF THE STUDY IS TO LEARN ABOUT HOW VCP DISEASE CHANGES PEOPLE'S STRENGTH AND MOVEMENTS AND AFFECTS THEIR DAILY LIFE. THIS INFORMATION WILL HELP IMPROVE CARE. IT WILL ALSO HELP RESEARCHERS PLAN AND DESIGN FUTURE RESEARCH STUDIES TO HELP THOSE WITH VCP DISEASE.

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2024
IRS schema version
2023v5.0
Source object
202431349349300428

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