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← PAULA TAKACS FOUNDATION FOR SARCOMA RESEARCH

Form 990 for tax year 2023

Filed by PAULA TAKACS FOUNDATION FOR SARCOMA RESEARCH.

Totals

Total revenue
$578,647
Total expenses
$440,029
Contributions and grants received
$577,774
Grants paid
$300,000
Program service revenue
$0
Investment income
$873
Other revenue
$0
Total assets, end of year
$718,099
Total liabilities, end of year
$1,762
Net assets or fund balances, end of year
$716,337
Program services expenses (Part IX)
$428,305
Management and general expenses
$11,724
Fundraising expenses
$0
Program service expenses (Part III)
$428,305

Program services were 97.3% 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

    $458,859

  • 1f · All other contributions, gifts and grants

    $118,915

  • 3 · Investment income

    total $873 · related or exempt $873

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

    $458,859

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $300,000 · program services $300,000

  • 5 · Compensation of officers, directors and key employees

    total $56,625 · program services $56,625

  • 7 · Other salaries and wages

    total $9,938 · program services $9,938

  • 10 · Payroll taxes

    total $5,092 · program services $5,092

  • 11b · Fees: legal

    total $1,600 · management and general $1,600

  • 11c · Fees: accounting

    total $1,075 · management and general $1,075

  • 11g · Fees: other

    total $27,224 · program services $27,224

  • 12 · Advertising and promotion

    total $29,268 · program services $29,268

  • 13 · Office expenses

    total $9,049 · management and general $9,049

  • 17 · Travel

    total $158 · program services $158

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $577,201 · end of year $697,858

  • 2 · Savings and temporary cash investments

    end of year $20,241

  • 17 · Accounts payable and accrued expenses

    beginning of year $571 · end of year $1,762

  • 27 · Net assets without donor restrictions

    beginning of year $576,630 · end of year $716,337

Mission and programs · 2023

Mission

The mission is to raise funds for local research, amplify awareness, and accelerate the fight to end sarcoma cancers - resulting in local and global development pathway for new sarcoma treatments and increase the speed of accurate diagnoses.

  • THE PAUL TAKACS FOUNDATION FOR SARCOMA RESEARCH, A 501c(3) TAX EXEMPT ORGANIZATION RAISES BOTH AWARENESS AND CRITICAL FUNDING FOR SARCOMA RESEARCH. SARCOMAS CURRENTLY REPRESENTS APPROXIMATELY 1% OF ADULT AND 15% OF CHILDHOOD CANCERS, AND THEREFORE LACK THE LEVEL OF GOVERNMENT FUNDING THAT OTHER MORE PREVALENT CANCERS OFTEN RECEIVE. IN ADDITION, THERE ARE 50 DIFFERENT TYPES OF SARCOMAS, ALL OF WHICH RESPOND DIFFERENTLY TO TREATMENT. WITH THESE STATISTICS, COUPLED WITH THE RESISTANCE THAT MANY SARCOMA TYPES DISPLAY TO TRADITIONAL CANCER TREATMENTS, THERE IS A PRESSING NEED FOR PRIVATE FUNDING TO SUPPORT THE EFFORT TOWARD MORE EFFECTIVE TREATMENTS FOR SARCOMAS.

    Expenses $428,305 · Grants $300,000 · Revenue $578,648

As filed on the 2023 return.

Listed in Part VII

  • Susan Udleson

    Executive Director -2023

    Total calculated
    $56,625
    From this org
    $56,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Elizabeth Romano

    Director

    Total calculated
    $0
    Hours/week
    5

  • Thomas Valle

    Director

    Total calculated
    $0
    Hours/week
    5

  • Heather Lopane

    Director

    Total calculated
    $0
    Hours/week
    5

  • Reilly Shea

    Director

    Total calculated
    $0
    Hours/week
    5

  • Douglas Sleeper

    Director

    Total calculated
    $0
    Hours/week
    5

  • Heather Franklin

    Director

    Total calculated
    $0
    Hours/week
    5

  • Suzanne Levine

    Director

    Total calculated
    $0
    Hours/week
    5

  • Dawn Whitmore

    Director

    Total calculated
    $0
    Hours/week
    5

  • Maya Logan

    Director

    Total calculated
    $0
    Hours/week
    5

  • Joshua Patt

    Director

    Total calculated
    $0
    Hours/week
    5

  • James Barnes

    Director

    Total calculated
    $0
    Hours/week
    5

  • Ashley Smith

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • Christine Wade

    Executive Director - 2024

    Total calculated
    $0
    Hours/week
    40

  • Lee Sugg

    Treasurer

    Total calculated
    $0
    Hours/week
    10

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

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2024
IRS schema version
2023v5.0
Source object
202431359349308793

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