Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,001,859

• 3 · Investment income

  total $43,457 · excluded $43,457

• 7a · Gross sales of assets other than inventory

  other assets $2,300,000

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

  other assets $0

• 7c · Gain or loss

  other assets $2,300,000

• 7d · Net gain or loss

  total $2,300,000 · excluded $2,300,000

• 11a · Other revenue: OTHER INCOME

  total $24,493 · related or exempt $24,493

• 11e · Other revenue, total

  $24,493

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $206,700 · management and general $206,700

• 7 · Other salaries and wages

  total $18,354 · management and general $18,354

• 8 · Pension plan contributions

  total $39,788 · management and general $39,788

• 9 · Other employee benefits

  total $13,012 · management and general $13,012

• 10 · Payroll taxes

  total $1,460 · management and general $1,460

• 11b · Fees: legal

  total $59,091 · management and general $59,091

• 11c · Fees: accounting

  total $136,625 · management and general $136,625

• 11g · Fees: other

  total $2,667 · management and general $2,667

• 13 · Office expenses

  total $93,927 · program services $35,302 · management and general $58,625

• 14 · Information technology

  total $401,217 · program services $399,331 · management and general $1,886

• 16 · Occupancy

  total $162,733 · management and general $162,733

• 17 · Travel

  total $10,045 · management and general $10,045

• 19 · Conferences, conventions and meetings

  total $10,000 · management and general $10,000

• 22 · Depreciation, depletion and amortization

  total $84,920 · program services $71,483 · management and general $13,437

• 23 · Insurance

  total $137,222 · management and general $137,222

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $402,891 · end of year $157,497

• 2 · Savings and temporary cash investments

  beginning of year $1,247,450 · end of year $1,652,520

• 3 · Pledges and grants receivable

  beginning of year $52

• 9 · Prepaid expenses and deferred charges

  beginning of year $65,574

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $168,949

• 15 · Other assets

  beginning of year $1,190,359 · end of year $25,402

• 17 · Accounts payable and accrued expenses

  beginning of year $2,172,902 · end of year $98,368

• 25 · Other liabilities

  beginning of year $932,942 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year -$30,569 · end of year $1,737,051

The filer's explanations (Part III)

PART I, LINE 4A

THE ORGANIZATION CONCLUDED ITS MISSION AND BEGAN AN ORDERLY WIND DOWN PROCESS IN 2024. EFFECTIVE MAY 17, 2024, ALL EMPLOYEES WERE TERMINATED. EVERY EMPLOYEE RECEIVED SEVERANCE COMPENSATION EQUAL TO TWO WEEKS OF PAY FOR EACH ONE FULL YEAR OF SERVICE, CAPPED AT 16 WEEKS OF COMPENSATION. IN CALENDAR YEAR 2024, THE ORGANIZATION MADE THE FOLLOWING SEVERANCE PAYMENTS TO THE INDIVIDUALS LISTED ABOVE: - MAGALI HAAS, CHAIR & FORMER CEO $157,646 - ALLYSON GAGE, FORMER CHIEF MEDICAL OFFICER $126,847 - LEE LANCASHIRE, FORMER CHIEF INFORMATION OFFICER $97,421 - NICOLE HARMON, FORMER PRESIDENT $101,538 - PETER HOEHN, FORMER CHIEF EXECUTIVE OFFICER $60,000 - EVGENY RAKHMATULIN, FORMER CHIEF TECHNOLOGY OFFICER $83,240 - MARYAN ZIRKLE, FORMER EXECUTIVE DIRECTOR, BRAINCOMMONS $78,572 - RAGINA VERMA, HEAD OF BIOMARKERS & CLINICAL DEVELOPMENT $33,277 - MARK ZERVAS, HEAD OF DISCOVERY & PRECLINICAL RESEARCH $59,116 - LAUREN GOLDSMITH, SR. DIRECTOR, CONTRACTS & GRANTS MGT. $74,873 - MICHAEL CARSON, HEAD OF COMMUNICATIONS $29,811