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Nonprofiteer
← EVERY CURE INC

Form 990 for tax year 2024

Filed by EVERY CURE INC.

Totals

Total revenue
$54,466,208
Total expenses
$7,434,417
Contributions and grants received
$54,182,643
Grants paid
$2,181,501
Program service revenue
$0
Investment income
$283,565
Other revenue
$0
Total assets, end of year
$51,613,641
Total liabilities, end of year
$2,337,747
Net assets or fund balances, end of year
$49,275,894
Program services expenses (Part IX)
$6,322,259
Management and general expenses
$928,663
Fundraising expenses
$183,495
Program service expenses (Part III)
$6,322,259

Program services were 85.0% 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.

  • 1e · Government grants (contributions)

    $8,846,163

  • 1f · All other contributions, gifts and grants

    $45,336,480

  • 1g · Noncash contributions included above

    $108,850

  • 3 · Investment income

    total $283,565 · excluded $283,565

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,181,501 · program services $2,181,501

  • 5 · Compensation of officers, directors and key employees

    total $1,326,184 · program services $875,972 · management and general $450,212

  • 7 · Other salaries and wages

    total $1,483,794 · program services $1,409,188 · management and general $27,766 · fundraising $46,840

  • 8 · Pension plan contributions

    total $53,748 · program services $42,611 · management and general $7,586 · fundraising $3,551

  • 9 · Other employee benefits

    total $171,971 · program services $135,400 · management and general $25,143 · fundraising $11,428

  • 10 · Payroll taxes

    total $112,916 · program services $83,718 · management and general $23,512 · fundraising $5,686

  • 11a · Fees: management

    total $22,400 · management and general $22,400

  • 11b · Fees: legal

    total $307,446 · program services $307,446

  • 11c · Fees: accounting

    total $143,309 · management and general $143,309

  • 11f · Fees: investment management

    total $1,631 · management and general $1,631

  • 11g · Fees: other

    total $874,155 · program services $751,550 · management and general $61,530 · fundraising $61,075

  • 12 · Advertising and promotion

    total $23,430 · program services $5,827 · management and general $13,853 · fundraising $3,750

  • 13 · Office expenses

    total $20,889 · program services $9,028 · management and general $11,861

  • 14 · Information technology

    total $112,565 · program services $101,268 · management and general $10,560 · fundraising $737

  • 16 · Occupancy

    total $89,968 · program services $59,628 · management and general $30,340

  • 17 · Travel

    total $154,049 · program services $113,459 · management and general $39,278 · fundraising $1,312

  • 19 · Conferences, conventions and meetings

    total $31,981 · program services $14,119 · management and general $17,790 · fundraising $72

  • 22 · Depreciation, depletion and amortization

    total $12,754 · program services $10,132 · management and general $2,374 · fundraising $248

  • 23 · Insurance

    total $15,366 · management and general $15,366

  • 24a · Other expenses: RECRUITMENT EXPENSE

    total $192,781 · program services $184,659 · management and general $8,122

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $64,651 · program services $760 · management and general $15,157 · fundraising $48,734

  • 24c · Other expenses: RESEARCH & DATA EXPENSE

    total $30,000 · program services $30,000

  • 24d · Other expenses: DUES AND SUBSCRIPTION

    total $5,620 · program services $5,271 · management and general $349

  • 24e · All other expenses

    total $1,308 · program services $722 · management and general $524 · fundraising $62

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $361,795 · end of year $368,460

  • 2 · Savings and temporary cash investments

    beginning of year $2,743,659 · end of year $16,902,303

  • 3 · Pledges and grants receivable

    beginning of year $150,000 · end of year $29,822,610

  • 8 · Inventories for sale or use

    end of year $63,403

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,184 · end of year $40,953

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

    $76,494

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

    $12,754

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $63,740

  • 11 · Investments: publicly traded securities

    end of year $4,020,121

  • 15 · Other assets

    beginning of year $9,736 · end of year $332,051

  • 17 · Accounts payable and accrued expenses

    beginning of year $284,313 · end of year $2,337,747

  • 19 · Deferred revenue

    beginning of year $681,989 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,185,075 · end of year $48,675,894

  • 28 · Net assets with donor restrictions

    beginning of year $118,997 · end of year $600,000

Mission and programs · 2024

Mission

EVERY CURE IS A NONPROFIT INITIATIVE ON A MISSION TO UNLOCK THE FULL POTENTIAL OF EXISTING MEDICINES TO TREAT EVERY DISEASE AND EVERY PATIENT THEY POSSIBLY CAN.

Activities or mission (Part I)

THE ORGANIZATION'S MISSION IS TO SAVE AND IMPROVE LIVES BY REPURPOSING DRUGS.

  • 1. AI TOOL DEVELOPMENT AND OPEN-SOURCE INITIATIVE (TECHNOLOGICAL INNOVATION)(CONTINUED ON SCHEDULE O)IN 2024, EVERY CURE'S TECHNICAL TEAM BUILT A ROBUST, SCALABLE PLATFORM TO SYSTEMATICALLY IDENTIFY HIGH-POTENTIAL DRUG REPURPOSING OPPORTUNITIES. THE TEAM CURATED COMPREHENSIVE DRUG AND DISEASE LISTS BUILDING ON EXISTING ONTOLOGIES, ESTABLISHED A POWERFUL EXPERIMENTATION AND EVALUATION INFRASTRUCTURE, AND BEGAN THE INTEGRATION OF MULTIPLE PUBLIC AND PROPRIETARY BIOMEDICAL KNOWLEDGE GRAPHS INTO A HARMONIZED ARCHITECTURE. USING THIS FOUNDATION, THEY DEVELOPED AND STABILIZED A PIPELINE THAT ENABLED RAPID, LARGE-SCALE PREDICTION OF DRUG-DISEASE MATCHES, WHICH THEN GO FOR SYSTEMATIC REVIEW BY EVERY CURE'S MEDICAL TEAM. OVER THE COURSE OF THE YEAR, THE TEAM EXECUTED AND LOGGED EIGHT EXPERIMENTS TO VALIDATE AND REFINE MODEL PERFORMANCE, SIGNIFICANTLY ACCELERATING EXPERIMENTAL THROUGHPUT INTO 2025. WE ALSO OBTAINED RIGHTS TO SEVERAL PROPRIETARY DATASETS TO IMPROVE PERFORMANCE IN DIFFERENT STAGES IN THE PIPELINE.

    Expenses $4,332,726 · Grants $2,181,501

  • 2. DRUG REPURPOSING RESEARCH AND DEVELOPMENT (SCIENTIFIC APPLICATION)(CONTINUED ON SCHEDULE O)EVERY CURE, INC. SAVES AND IMPROVES LIVES BY REPURPOSING DRUGS. DISCOVERY OF DRUG REPURPOSING OPPORTUNITIES OCCURS USING BOTH EXISTING KNOWLEDGE AND AI-GENERATED FINDINGS. DRUG REPURPOSING EFFORTS ENCOMPASS THE CORE SCIENTIFIC AND MEDICAL EFFORTS TO MOVE A DRUG REPURPOSING CONCEPT FROM DISCOVERY TO CLINICAL APPLICATION. ADVANCEMENT OF THE MOST PROMISING CANDIDATES MAY INCLUDE MANAGING PRE-CLINICAL STUDIES, REAL-WORLD EVIDENCE REVIEW AND CLINICAL TRIALS. IN 2024, EVERY CURE ESTABLISHED A WORLD CLASS MEDICAL TEAM, A TECHNICAL ADVISORY COUNCIL (TAC) AND A SCIENTIFIC ADVISORY COUNCIL (SAC) TO PROVIDE OVERSIGHT AND VALIDATE DISCOVERIES. THE TEAM ESTABLISHED BEST PRACTICE FOR VETTING REPURPOSING OPPORTUNITIES, LEADING TO THE IDENTIFICATION OF FOUR PROMISING REPURPOSED TREATMENTS ENDORSED BY THE SAC AS WELL AS IDENTIFICATION OF POTENTIAL THERAPEUTIC OPPORTUNITIES FOR LONG COVID. THE CANDIDATE DRUG REPURPOSING OPPORTUNITIES SPANNED CONDITIONS FROM A COMMON CANCER TO A RARE NEURODEVELOPMENTAL CONDITIONS. AS A RESULT OF THESE EFFORTS, MULTIPLE INDIVIDUALS SHARED STORIES OF HOW THEIR LIVES WERE SAVED AND IMPROVED BY REPURPOSED DRUGS.

    Expenses $1,844,784

  • 3. EDUCATION AND AWARENESS-RAISING ON DRUG REPURPOSING(CONTINUED ON SCHEDULE O)EVERY CURE, INC. EDUCATES PHYSICIANS, RESEARCHERS, PATIENTS, POLICYMAKERS, AND THE GENERAL PUBLIC ABOUT THE POTENTIAL FOR DRUG REPURPOSING TO ACCELERATE CURES. EDUCATION AND OUTREACH ARE CENTRAL TO CREATING A SHIFT IN MEDICINE, WHERE EXISTING THERAPIES ARE FULLY LEVERAGED FOR DISEASES BEYOND THEIR ORIGINAL APPROVALS.SPECIFIC ACCOMPLISHMENTS INCLUDE: EDUCATIONAL PROGRAMS AND WORKSHOPS: ORGANIZED SCIENTIFIC CONVENINGS SUCH AS THE CHAN ZUCKERBERG INITIATIVE (CZI)-SUPPORTED WORKSHOP ON RARE DISEASE DRUG REPURPOSING, WHICH BROUGHT TOGETHER LEADING EXPERTS ACROSS ACADEMIA, INDUSTRY, AND GOVERNMENT TO SHARE KNOWLEDGE AND DEFINE COLLABORATIVE PATHWAYS. PROFESSIONAL OUTREACH: DISSEMINATED FINDINGS THROUGH PRESENTATIONS AT INTERNATIONAL SCIENTIFIC MEETINGS, INVITED TALKS AT RESEARCH INSTITUTIONS, AND PUBLICATION OF EDUCATIONAL CONTENT IN PROFESSIONAL OUTLETS TO INCREASE AWARENESS AMONG PHYSICIANS AND SCIENTISTS. PATIENT AND PUBLIC ENGAGEMENT: LEVERAGED MEDIA EXPOSURE, SOCIAL MEDIA CAMPAIGNS, AND DIRECT PATIENT COMMUNITY ENGAGEMENT TO INCREASE UNDERSTANDING OF DRUG REPURPOSING OPPORTUNITIES, EMPOWERING PATIENTS TO DISCUSS POTENTIAL OPTIONS WITH THEIR PHYSICIANS. ROADMAP DEVELOPMENT: ADVANCED THE ROADMAP INITIATIVE, A FRAMEWORK FOR HOW TO SYSTEMATICALLY IDENTIFY AND VALIDATE REPURPOSING OPPORTUNITIES FOR RARE DISEASES, PROVIDING A REPLICABLE RESOURCE FOR THE FIELD. DIGITAL AWARENESS: REACHED MILLIONS THROUGH MEDIA FEATURES AND SOCIAL MEDIA, HIGHLIGHTING THE STORY OF DRUG REPURPOSING AND EVERY CURE'S MISSION, INCREASING VISIBILITY AND ENGAGEMENT WITH OUR WORK.THROUGH THESE ACTIVITIES, EVERY CURE HAS CREATED A FOUNDATION OF KNOWLEDGE AND AWARENESS THAT WILL HELP TO ACCELERATE THE PACE OF DRUG REPURPOSING ACROSS THE HEALTHCARE ECOSYSTEM.

    Expenses $144,749

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Fajgenbaum

    PRESIDENT (COMP 9/23-12/24)

    Total calculated
    $326,793
    From this org
    $326,793
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $326,793
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $326,793
  • Tanisha Carino

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Tracey Sikora

    CO-FOUNDER, SECRETARY (THRU 2024)

    Total calculated
    $0
    Hours/week
    15
  • Robert Battista

    TREASURER (THRU 2024)

    Total calculated
    $0
    Hours/week
    2
  • Grant Mitchell

    CO-FOUNDER,CEO (COMP 9/23-12/24)

    Total calculated
    $465,529
    From this org
    $448,117
    From related orgs
    $0
    Other
    $17,412
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $448,117
    Bonus
    $0
    Other
    $0
    Deferred
    $5,654
    Nontaxable benefits
    $11,758
    Filer's total
    $465,529
  • Freda Lewis-Hall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robert McDonald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tania Simoncelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Eric Horvitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Janet Woodcock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mary Zuccato

    COO (COMP 2/24-12/24)

    Total calculated
    $221,564
    From this org
    $198,737
    From related orgs
    $0
    Other
    $22,827
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,737
    Bonus
    $0
    Other
    $0
    Deferred
    $3,715
    Nontaxable benefits
    $19,112
    Filer's total
    $221,564
  • Charlie Hempstead

    VP OF PLATFORM (COMP 4/24-12/24)

    Total calculated
    $202,360
    From this org
    $172,819
    From related orgs
    $0
    Other
    $29,541
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,819
    Bonus
    $0
    Other
    $0
    Deferred
    $5,450
    Nontaxable benefits
    $24,091
    Filer's total
    $202,360
  • Adam Green

    CHIEF OF STAFF (COMP 2/24-12/24)

    Total calculated
    $109,938
    From this org
    $108,000
    From related orgs
    $0
    Other
    $1,938
    Hours/week
    40
  • Richard Jude Riese

    CMO (COMP 7/24-11/24)

    Total calculated
    $160,975
    From this org
    $141,805
    From related orgs
    $0
    Other
    $19,170
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,805
    Bonus
    $0
    Other
    $0
    Deferred
    $5,183
    Nontaxable benefits
    $13,987
    Filer's total
    $160,975

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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

  • UNC WILL CO-LEAD DEVELOPMENT OF THE INTEGRATION LAYER THAT CONNECTS DIVERSE DATASETS INTO A UNIFIED BIOMEDICAL KNOWLEDGE GRAPH. THEY WILL DEFINE ONTOLOGY STANDARDS, CONDUCT MANUAL CURATION, AND LEAD HARMONIZATION ACROSS DRUG, DISEASE, AND MOLECULAR DATA TYPES. THEIR ROLE ENSURES THE ROBOKOP AND MONARCH KNOWLEDGE GRAPHS AND PROPRIETARY DATASETS ARE SYSTEMATICALLY ALIGNED TO EVERY CURE'S COMPUTATIONAL INFRASTRUCTURE.

  • SCRIPPS WILL INTEGRATE ITS BIOTHINGS EXPLORER PLATFORM INTO EVERY CURE'S KNOWLEDGE GRAPH, CONTRIBUTING APIS, DATA EVALUATION, AND ONTOLOGY MAPPING EXPERTISE. THEY WILL IDENTIFY PROPRIETARY DATASETS, EVALUATE THEIR UTILITY, AND REFINE INTEGRATION PROCESSES FOR CLINICAL AND PATIENT-LEVEL DATA. THEIR WORK STRENGTHENS INTEROPERABILITY AND ENSURES HIGH-VALUE BIOMEDICAL DATA IS CONNECTED ACROSS THE MATRIX PROJECT.

  • ISB WILL CURATE, EVALUATE, AND INTEGRATE LARGE BIOMEDICAL DATASETS INTO EVERY CURE'S KNOWLEDGE GRAPH, FOCUSING ON DATA QUALITY AND ONTOLOGY HARMONIZATION. THEY WILL PERFORM MANUAL CURATION, CROSS-VALIDATION, AND DEVELOPMENT OF PROTOCOLS TO ENSURE RELIABLE DRUG, DISEASE, AND MOLECULAR ASSOCIATIONS. THEIR WORK ENSURES THE SPOKE DATABASE AND OTHER KEY SOURCES ARE INCORPORATED INTO A ROBUST COMPUTATIONAL FRAMEWORK FOR DRUG REPURPOSING.

  • PENN STATE UNIVERSITY

    $303,699

    PENN STATE WILL LEAD THE DEVELOPMENT OF ADVANCED COMPUTATIONAL TOOLS, INCLUDING ALGORITHMS TO PREDICT DRUG REPURPOSING OPPORTUNITIES WITHIN THE KNOWLEDGE GRAPH. THEY WILL WORK ON DATA EXTRACTION, HARMONIZATION, AND MACHINE LEARNING MODEL DEVELOPMENT TO RANK CANDIDATE DRUGS. THEIR ROLE PROVIDES THE COMPUTATIONAL "ENGINE" THAT DRIVES PRIORITIZATION OF PROMISING THERAPIES.

  • UNIVERSITY OF ALABAMA BIRMINGHAM

    $235,161

    UAB WILL CONTRIBUTE SPECIALIZED BIOMEDICAL DATA AND EXPERTISE IN INTEGRATING PATIENT-LEVEL, GENOMIC, AND CLINICAL DATASETS INTO THE KNOWLEDGE GRAPH. THEY WILL SUPPORT VALIDATION OF PREDICTED DRUG-DISEASE ASSOCIATIONS THROUGH COMPUTATIONAL AND EXPERIMENTAL METHODS. THEIR WORK ENSURES THE KNOWLEDGE GRAPH IS GROUNDED IN HIGH-QUALITY CLINICAL AND BIOLOGICAL EVIDENCE.

Provenance

Return type
form_990
Tax year
2024
Filed
27 October 2025
IRS schema version
2024v5.2
Source object
202513009349301626

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