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Nonprofiteer
← ADVANCED MEDICAL RESEARCH FOUNDATION INC

Form 990 for tax year 2023

Filed by ADVANCED MEDICAL RESEARCH FOUNDATION INC.

Totals

Total revenue
$3,972,625
Total expenses
$2,441,539
Contributions and grants received
$2,952,261
Grants paid
$1,561,750
Program service revenue
$0
Investment income
$1,020,364
Other revenue
$0
Total assets, end of year
$67,241,032
Total liabilities, end of year
$2,097,238
Net assets or fund balances, end of year
$65,143,794
Program services expenses (Part IX)
$1,885,893
Management and general expenses
$493,400
Fundraising expenses
$62,246
Program service expenses (Part III)
$1,885,893

Program services were 77.2% 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.

  • 1f · All other contributions, gifts and grants

    $2,952,261

  • 3 · Investment income

    total $589,332 · excluded $589,332

  • 7a · Gross sales of assets other than inventory

    securities $9,142,206

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

    securities $8,711,174

  • 7c · Gain or loss

    securities $431,032

  • 7d · Net gain or loss

    total $431,032 · excluded $431,032

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,561,750 · program services $1,561,750

  • 5 · Compensation of officers, directors and key employees

    total $160,000 · program services $104,000 · management and general $28,000 · fundraising $28,000

  • 7 · Other salaries and wages

    total $146,675 · program services $91,111 · management and general $40,275 · fundraising $15,289

  • 8 · Pension plan contributions

    total $49,500 · program services $42,075 · fundraising $7,425

  • 9 · Other employee benefits

    total $89,335 · program services $47,306 · management and general $36,407 · fundraising $5,622

  • 10 · Payroll taxes

    total $18,871 · program services $13,090 · management and general $3,846 · fundraising $1,935

  • 11c · Fees: accounting

    total $58,639 · management and general $58,639

  • 11f · Fees: investment management

    total $259,316 · management and general $259,316

  • 11g · Fees: other

    total $37,906 · program services $2,089 · management and general $35,459 · fundraising $358

  • 12 · Advertising and promotion

    total $11,613 · management and general $11,613

  • 13 · Office expenses

    total $10,443 · program services $266 · management and general $10,137 · fundraising $40

  • 16 · Occupancy

    total $31,500 · program services $21,851 · management and general $6,420 · fundraising $3,229

  • 23 · Insurance

    total $1,471 · program services $1,020 · management and general $300 · fundraising $151

  • 24a · Other expenses: REAL ESTATE TAXES

    total $2,590 · management and general $2,590

  • 24b · Other expenses: TELEPHONE

    total $1,924 · program services $1,335 · management and general $392 · fundraising $197

  • 24c · Other expenses: CREDIT CARD AND BANK FE

    total $6 · management and general $6

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,716,148 · end of year $1,155,957

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

    $300,000

  • 10c · Land, buildings and equipment, net

    beginning of year $300,000 · end of year $300,000

  • 11 · Investments: publicly traded securities

    beginning of year $39,467,125 · end of year $51,885,075

  • 15 · Other assets

    beginning of year $12,600,000 · end of year $13,900,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $82,651 · end of year $97,238

  • 25 · Other liabilities

    beginning of year $3,000,000 · end of year $2,000,000

  • 27 · Net assets without donor restrictions

    beginning of year $38,400,622 · end of year $51,243,794

  • 28 · Net assets with donor restrictions

    beginning of year $12,600,000 · end of year $13,900,000

Mission and programs · 2023

Mission

THE CORPORATION IS ORGANIZED,AND SHALL BE OPERATED, EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF, ONE OR MORE CHARITABLE ORGANIZATIONS THAT PROMOTE THE ADVANCEMENT OF MEDICINE, ENGAGE IN MEDICAL AND SCIENTIFIC RESEARCH AND PROMOTE PUBLIC EDUCATION RELATED TO THE FOREGOING AND THAT HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) AND AS ORGANIZATIONS DESCRIBED IN EITHER SECTION 509(A)(1) OR SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE.

Activities or mission (Part I)

CANCER RESEARCH AND EDUCATION

  • TO SUPPORT CLINICAL CANCER RESEARCH AND TO COLLECT, ANALYZE & DISSEMINATE INFORMATION TO INTERESTED PARTIES TO PROMOTE A BETTER UNDERSTANDING OF CANCER AND BETTER OPPORTUNITIES FOR PATIENTS.

    Expenses $1,885,893 · Grants $1,561,750

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

Listed in Part VII

  • Martina B Albright

    PRESIDENT

    Total calculated
    $60,000
    From this org
    $60,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Isaac Schiff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Oliver Robinson

    TREASURER

    Total calculated
    $151,302
    From this org
    $100,000
    From related orgs
    $0
    Other
    $51,302
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $100,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $51,302
    Filer's total
    $151,302

  • Whitfield Growdon

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • Harry Orf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nile L Albright MD

    PRESIDENT EMERITUS

    Total calculated
    $154,706
    From this org
    $101,925
    From related orgs
    $0
    Other
    $52,781
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $101,925
    Bonus
    $0
    Other
    $0
    Deferred
    $49,500
    Nontaxable benefits
    $3,281
    Filer's total
    $154,706

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

  • 2 · Substantiation required before reimbursing expenses
  • 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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202413179349301501

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