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Nonprofiteer
← DAVOS ALZHEIMERS COLLABORATIVE INC

Form 990 for tax year 2022

Filed by DAVOS ALZHEIMERS COLLABORATIVE INC.

Totals

Total revenue
$9,767,900
Total expenses
$8,101,186
Contributions and grants received
$9,767,900
Grants paid
$2,919,719
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$14,995,945
Total liabilities, end of year
$1,586,998
Net assets or fund balances, end of year
$13,408,947
Program services expenses (Part IX)
$7,471,549
Management and general expenses
$547,537
Fundraising expenses
$82,100
Program service expenses (Part III)
$7,471,549

Program services were 92.2% 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

    $9,767,900

  • 1g · Noncash contributions included above

    $493,900

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,829,209 · program services $1,829,209

  • 3 · Grants to foreign organizations and individuals

    total $1,090,510 · program services $1,090,510

  • 11a · Fees: management

    total $851,527 · program services $787,114 · management and general $63,795 · fundraising $618

  • 11b · Fees: legal

    total $275,339 · program services $254,511 · management and general $20,628 · fundraising $200

  • 11c · Fees: accounting

    total $124,455 · program services $115,240 · management and general $9,125 · fundraising $90

  • 11g · Fees: other

    total $3,324,512 · program services $3,044,433 · management and general $277,393 · fundraising $2,686

  • 12 · Advertising and promotion

    total $290,507 · program services $177,129 · management and general $40,399 · fundraising $72,979

  • 13 · Office expenses

    total $2,930 · program services $2,533 · management and general $385 · fundraising $12

  • 17 · Travel

    total $214,603 · program services $146,651 · management and general $67,557 · fundraising $395

  • 19 · Conferences, conventions and meetings

    total $68,761 · management and general $63,760 · fundraising $5,001

  • 23 · Insurance

    total $10,461 · program services $8,787 · management and general $1,631 · fundraising $43

  • 24a · Other expenses: EQUIPMENT

    total $12,170 · program services $10,223 · management and general $1,897 · fundraising $50

  • 24b · Other expenses: SUBSCRIPTION FEES

    total $6,202 · program services $5,209 · management and general $967 · fundraising $26

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,435,461 · end of year $14,926,469

  • 3 · Pledges and grants receivable

    end of year $16,547

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,590 · end of year $52,929

  • 17 · Accounts payable and accrued expenses

    beginning of year $696,930 · end of year $1,586,998

  • 27 · Net assets without donor restrictions

    beginning of year $11,146,121 · end of year $12,756,730

  • 28 · Net assets with donor restrictions

    beginning of year $600,000 · end of year $652,217

Mission and programs · 2022

Mission

DAC IS LEADING THE LARGEST GLOBAL RESPONSE OF ITS KIND, DRIVING SCIENTIFIC DISCOVERY AND ALIGNING HEALTH SYSTEMS TO HELP PEOPLE WORLDWIDE, INCLUDING THOSE IN LOW RESOURCED ENVIRONMENTS LEFT OUT OF PREVIOUS EFFORTS TO FIGHT ALZHEIMER'S. WE ARE COMMITTED TO TRANSFORMING ALZHEIMER'S RESEARCH, PREVENTION AND CARE THROUGH PROVEN PRIVATE-PUBLIC MODELS, SUCH AS GAVI, CEPI AND THE GLOBAL FUND.

Activities or mission (Part I)

SEE PART III LINE 1.

  • HEALTHCARE SYSTEM PREPAREDNESS - DAC IS INVESTING TO TRANSFORM THE WAY HEALTHCARE SYSTEMS WORLDWIDE DETECT, DIAGNOSE AND TREAT ALZHEIMER'S. THE GOAL IS TO TAKE ADVANTAGE OF FUTURE INNOVATIONS TO IMPROVE THE QUALITY OF LIFE FOR PEOPLE EVERYWHERE. IN 2022, DAC CONTINUED TO ADVANCE 7 FLAGSHIP PROJECTS IN 6 COUNTRIES AS WELL AS SUPPORT AND MONITOR THE EXECUTION OF THE INITIAL GRANTS PROGRAM (12 GRANTS IN TOTAL).

    Expenses $5,968,731 · Grants $2,419,719

  • GLOBAL COHORTS - DAC IS BUILDING GLOBAL COHORTS TO ADVANCE UNDERSTANDING OF ALZHEIMER'S AMONG DIVERSE POPULATIONS. THIS DATA WILL PROVIDE THE FOUNDATION FOR IDENTIFYING NEW BIOMARKERS AND DEVELOPING TARGETED TREATMENTS THAT WORK FOR PEOPLE WORLDWIDE. IN 2022, DAC RECRUITED 23 COHORTS AROUND THE GLOBE. AS A BASIS TO BEGIN CONTRACTING, DAC ALSO EXECUTED A MEMORANDUM OF UNDERSTANDING (MOU) WITH A COHORT MANAGED BY AGA KHAN UNIVERSITY IN NAIROBI, KENYA. OUTREACH TO COHORTS WERE TARGETED THAT HAVE THE STRONGEST ALIGNMENT WITH THE SCIENTIFIC PLAN AND ACCESS TO THE TARGETED MEASUREMENTS. ALSO IN 2022, DAC PROVIDED A LETTER OF INTENT TO THE NATIONAL INSTITUTES ON HEALTH OUTLINING A 5-YEAR, $50M USD GRANT THAT WAS POSITIVELY REVIEWED.

    Expenses $840,903

  • GLOBAL CLINICAL TRIALS - DAC IS BUILDING A GLOBAL NETWORK OF CLINICAL TRIAL SITES AND A SUPPORTING TECHNOLOGY PLATFORM TO REDUCE THE COST AND TIME OF BRINGING NEW TREATMENTS TO MARKET. DAC DEVELOPED A NETWORK OF MORE THAN 30 EUROPEAN SITES ORGANIZED FOR ACCELERATING STUDIES AND IMPLEMENTING NOVEL TRIAL DESIGNS AND SECURED A PHARMACEUTICAL COMPANY SPONSOR.

    Expenses $661,915 · Grants $500,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • George Vradenburg

    CHAIR & PRESIDENT

    Total calculated
    $0
    Hours/week
    20

  • Andrew Holzapfel

    COO (SEE SCHEDULE O)

    Total calculated
    $0
    Hours/week
    30

  • Freda Lewis Hall

    TREASURER

    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

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.

  • DAVOS ALZHEIMER'S COLLABORATIVE (GENEVE)

    N/A · PROMOTE HEALTH BY DEVELOPING RESEARCH ON BRAIN HEALTH. · SZ · controlled entity

    Directly controlled by DAC

Provenance

Return type
form_990
Tax year
2022
Filed
29 September 2023
IRS schema version
2022v5.0
Source object
202332729349300423

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