Form 990 for tax year 2024
Filed by INSTITUTE FOR ADVANCED CLINICAL TRIALS FOR CHILDREN.
What the amendment changed
Compared with the return it replaced , filed 27 March 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
- $4,060
- Total expenses
- $1,306,642
- Contributions and grants received
- $0
- Grants paid
- $191,011
- Program service revenue
- $0
- Investment income
- $3,654
- Other revenue
- $406
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $0
- Program services expenses (Part IX)
- $781,422
- Management and general expenses
- $337,622
- Fundraising expenses
- $187,598
- Program service expenses (Part III)
- $781,422
Program services were 59.8% 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.
-
3 · Investment income
total $3,654 · excluded $3,654
-
11a · Other revenue: OTHER REVENUE
total $406 · excluded $406
-
11e · Other revenue, total
$406
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $191,011 · program services $191,011
-
5 · Compensation of officers, directors and key employees
total $173,134 · program services $57,171 · management and general $63,415 · fundraising $52,548
-
7 · Other salaries and wages
total $264,342 · program services $87,304 · management and general $96,558 · fundraising $80,480
-
8 · Pension plan contributions
total $1,542 · program services $510 · management and general $553 · fundraising $479
-
9 · Other employee benefits
total $15,233 · program services $3,322 · management and general $9,489 · fundraising $2,422
-
10 · Payroll taxes
total $35,627 · program services $11,351 · management and general $13,808 · fundraising $10,468
-
11b · Fees: legal
total $18,554 · program services $11,596 · management and general $3,479 · fundraising $3,479
-
11c · Fees: accounting
total $23,499 · program services $12,187 · management and general $7,656 · fundraising $3,656
-
11d · Fees: lobbying
total $3,001 · program services $1,660 · management and general $852 · fundraising $489
-
11e · Fees: professional fundraising services
total $9,729 · fundraising $9,729
-
11g · Fees: other
total $57,314 · program services $31,710 · management and general $16,271 · fundraising $9,333
-
13 · Office expenses
total $4,989 · program services $624 · management and general $3,851 · fundraising $514
-
14 · Information technology
total $117,642 · program services $15,102 · management and general $96,213 · fundraising $6,327
-
23 · Insurance
total $37,749 · program services $8,083 · management and general $21,992 · fundraising $7,674
-
24a · Other expenses: WRITE OFF OF MEMBERSHIP
total $250,000 · program services $250,000
-
24b · Other expenses: WRITE OFF OF CONTRIBUTI
total $99,791 · program services $99,791
-
24c · Other expenses: MISCELLANEOUS
total $2,985 · management and general $2,985
-
24d · Other expenses: OTHER SUBSCRIPTIONS
total $500 · management and general $500
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $536,010 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $508,820 · end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $250,000 · end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $83,485 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $2,985 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $75,391
-
25 · Other liabilities
beginning of year $3,327 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $752,582 · end of year $0
-
28 · Net assets with donor restrictions
beginning of year $550,000 · end of year $0
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 FIRST QUARTER OF 2025, THE ORGANIZATION RETURNED ANY PLEDGED FUNDS RECEIVED FROM MEMBERSHIP FEES AND 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 $781,422 · Grants $191,011
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
- $148,012
- From this org
- $147,560
- From related orgs
- $0
- Other
- $452
- Hours/week
- 40
-
Albert John AllenALBERT JOHN ALLEN
CMO (UNTIL 3/25)
- Total calculated
- $25,122
- From this org
- $22,568
- From related orgs
- $0
- Other
- $2,554
- Hours/week
- 10
-
Laura LopezLAURA LOPEZ
CFAO
- Total calculated
- $126,205
- From this org
- $117,309
- From related orgs
- $0
- Other
- $8,896
- Hours/week
- 40
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
-
$229,392
GIFT AND GRANT AGREEMENT, EX B. ARTICLES OF DISSOLUTION.
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
-
$229,392
Liquidation · CASH · Apr 29, 2025 · 501(C)(3)
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 July 2025
- IRS schema version
- 2024v5.2
- Source object
- 202501969349302785
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