Civic Intelligence

Neuroendocrine Tumor Research Foundation

EIN 20-1945347 • 501(c)3 • Quincy, MA

Profile

To fund research to discover cures and more effective treatments for neuroendocrine cancers. The net research foundation is committed to improving the lives of those affected by neuroendocrine cancer by providing information & educational resources.

100 Hancock St Third FloorQuincy, MA 02171

netrf.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

57th percentile

0.25x

Higher debt load relative to assets than 57% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

86th percentile

1.60x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

16th percentile

-12%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

34th percentile

0.5%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

42nd percentile

3.9%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$21,377,613

Up $744,370 (+3.6%) from 2023

Liabilities

Down

$4,541,212

Down $559,277 (-11%) from 2023

Net Assets

Up

$16,836,401

Up $1,303,647 (+8.4%) from 2023

Revenue

Up

$3,993,657

Up $797,400 (+25%) from 2023

Expenses

Up

$3,778,477

Up $198,004 (+5.5%) from 2023

Net Income

Up

$215,180

Up $599,396 (+156%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $1,732,133Liabilities 2011: $1,437,606Net Assets 2011: $294,5272011Assets 2012: $1,925,365Liabilities 2012: $1,324,805Net Assets 2012: $600,5602012Assets 2013: $2,675,315Liabilities 2013: $1,772,943Net Assets 2013: $902,3722013Assets 2014: $3,964,967Liabilities 2014: $2,175,994Net Assets 2014: $1,788,9732014Assets 2015: $18,899,448Liabilities 2015: $1,235,874Net Assets 2015: $17,663,5742015Assets 2016: $19,227,125Liabilities 2016: $1,481,072Net Assets 2016: $17,746,0532016Assets 2017: $18,814,091Liabilities 2017: $4,491,911Net Assets 2017: $14,322,1802017Assets 2018: $19,059,036Liabilities 2018: $6,709,907Net Assets 2018: $12,349,1292018Assets 2019: $22,312,772Liabilities 2019: $9,029,796Net Assets 2019: $13,282,9762019Assets 2020: $23,779,492Liabilities 2020: $8,369,616Net Assets 2020: $15,409,8762020Assets 2021: $26,608,419Liabilities 2021: $7,762,391Net Assets 2021: $18,846,0282021Assets 2022: $20,523,118Liabilities 2022: $6,514,329Net Assets 2022: $14,008,7892022Assets 2023: $20,633,243Liabilities 2023: $5,100,489Net Assets 2023: $15,532,7542023Assets 2024: $21,377,613Liabilities 2024: $4,541,212Net Assets 2024: $16,836,4012024

Highlighted filing

2024

Assets$21,377,613
Liabilities$4,541,212
Net Assets$16,836,401

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$10M$0-$10MRevenue 2011: $1,113,943Expenses 2011: $1,190,634Net Income 2011: -$76,6912011Revenue 2012: $2,391,687Expenses 2012: $2,041,126Net Income 2012: $350,5612012Revenue 2013: $2,271,318Expenses 2013: $1,969,506Net Income 2013: $301,8122013Revenue 2014: $2,994,125Expenses 2014: $2,107,524Net Income 2014: $886,6012014Revenue 2015: $17,040,511Expenses 2015: $1,165,910Net Income 2015: $15,874,6012015Revenue 2016: $2,178,575Expenses 2016: $2,100,209Net Income 2016: $78,3662016Revenue 2017: $2,292,536Expenses 2017: $6,307,127Net Income 2017: -$4,014,5912017Revenue 2018: $4,609,400Expenses 2018: $5,685,627Net Income 2018: -$1,076,2272018Revenue 2019: $5,224,012Expenses 2019: $5,992,524Net Income 2019: -$768,5122019Revenue 2020: $4,650,373Expenses 2020: $4,020,651Net Income 2020: $629,7222020Revenue 2021: $8,207,303Expenses 2021: $5,440,887Net Income 2021: $2,766,4162021Revenue 2022: $3,075,371Expenses 2022: $3,490,037Net Income 2022: -$414,6662022Revenue 2023: $3,196,257Expenses 2023: $3,580,473Net Income 2023: -$384,2162023Revenue 2024: $3,993,657Expenses 2024: $3,778,477Net Income 2024: $215,1802024

Highlighted filing

2024

Revenue$3,993,657
Expenses$3,778,477
Net Income$215,180

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$21.4$4.54$16.8$3.99$3.78$0.22
2023Detailed filing. Detailed filing data is available for this year.$20.6$5.10$15.5$3.20$3.58$0.38
2022Detailed filing. Detailed filing data is available for this year.$20.5$6.51$14.0$3.08$3.49$0.41
2021Detailed filing. Detailed filing data is available for this year.$26.6$7.76$18.8$8.21$5.44$2.77
2020Detailed filing. Detailed filing data is available for this year.$23.8$8.37$15.4$4.65$4.02$0.63
2019Detailed filing. Detailed filing data is available for this year.$22.3$9.03$13.3$5.22$5.99$0.77
2018Summary only. Only limited summary data is available for this year.$19.1$6.71$12.3$4.61$5.69$1.08
2017Summary only. Only limited summary data is available for this year.$18.8$4.49$14.3$2.29$6.31$4.01
2016Summary only. Only limited summary data is available for this year.$19.2$1.48$17.7$2.18$2.10$0.08
2015Summary only. Only limited summary data is available for this year.$18.9$1.24$17.7$17.0$1.17$15.9
2014Summary only. Only limited summary data is available for this year.$3.96$2.18$1.79$2.99$2.11$0.89
2013Summary only. Only limited summary data is available for this year.$2.68$1.77$0.90$2.27$1.97$0.30
2012Summary only. Only limited summary data is available for this year.$1.93$1.32$0.60$2.39$2.04$0.35
2011Summary only. Only limited summary data is available for this year.$1.73$1.44$0.29$1.11$1.19$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 25, 2025
Return Version
2024v5.1
Gross Receipts
$5,345,762
Mission and Program Overview

Mission

To fund research to discover cures & more effective treatments for neuroendocrine cancers. The NET Research Foundation is committed to improving the lives of those affected by neuroendocrine cancer by providing information & educational resources.

To fund research to discover cures & more effective treatments for neuroendocrine cancers. The netrf is committed to improving the lives of those affected by neurendocrine cancer by providing information & educational resources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$18,457,571$18,733,446▲ $275,875
Cash and Non-Interest-Bearing Accounts$1,352,806$1,509,614▲ $156,808
Pledges and Grants Receivable$513,268$990,391▲ $477,123
Savings and Temporary Cash Investments$203,802$103,845▼ $99,957
Prepaid Expenses and Deferred Charges$17,417$27,629▲ $10,212
Total Assets$20,633,243$21,377,613▲ $744,370
Other Assets Total$88,379$12,688▼ $75,691
Liabilities
Grants Payable$4,799,915$4,301,399▼ $498,516
Accounts Payable and Accrued Expenses$217,211$233,620▲ $16,409
Other Liabilities$83,363$6,193▼ $77,170
Total Liabilities$5,100,489$4,541,212▼ $559,277
Net Assets / Fund Balance
Net Assets With Donor Restrictions$12,684,349$14,903,104▲ $2,218,755
Net Assets Without Donor Restrictions$2,848,405$1,933,297▼ $915,108
Total Net Assets Fund Balance$15,532,754$16,836,401▲ $1,303,647
Total Liabilities and Net Assets / Fund Balance$20,633,243$21,377,613▲ $744,370

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$11,867,957-▲ $1,492,738-$13,329,150
2023$10,188,223-▲ $1,706,558-$11,867,957
2022$12,224,364-▼ $2,008,960-$10,188,223
2021$6,394,260$5,000,000▲ $843,131-$12,224,364
2020$5,557,120-▲ $846,928-$6,394,260
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elyse GellermanChief Executive OfficerFT$174,362$24,644$199,006
Susan HarringtonChief Development OfficerFT$157,880$21,611$179,491
Anna GreeneDirector of ResearchFT$137,064-$137,064
Jessica ThomasDirector of Patient EducationFT$112,109$20,162$132,271
Christina Coffey Until 072024Director of Communications-$107,547$5,017$112,564
Revenue and Support

Revenue Composition

Contributions and Grants
$3,111,689
Program Service Revenue
$0
Investment Income
$855,797
Other Revenue
$26,171
All Other Contributions
$3,111,689
Change in Net Assets
$215,180

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$106,442Fair Market Value (FMV)
Total Noncash Contributions4$106,442-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,946,968
Revenue Not Reported on Financial Statements
$46,689
Revenue Not Reported on Form 990
$1,088,467
Total Revenue per Audited Statements
$5,035,435
Total Revenue per Form 990
$3,993,657
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,219,056
Salaries, Compensation, and Employee Benefits$1,019,619
Other Expenses$539,802
Total Fundraising Expense$492,545
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,859,056--$1,859,056
Other Salaries and Wages$384,716$49,004$276,318$710,038
Foreign Grants$360,000--$360,000
Current Officers, Directors, Trustees, and Key Employees$75,622$85,573$37,811$199,006
Fees for Services Other$115,619-$58,813$174,432
Conferences and Meetings$124,446-$1,344$125,790
Occupancy$40,609$19,568$27,555$87,732
Payroll Taxes$36,102$18,164$24,583$78,849
Fees for Services Accounting-$49,037-$49,037
Fees for Service Investment Mgmnt Fees-$46,689-$46,689
Information Technology$3,505$12,949$17,623$34,077
Other Employee Benefits$18,684$4,702$8,340$31,726
Office Expenses$835$2,956$27,299$31,090
Travel$16,979$2,567$9,321$28,867
Insurance$3,567$1,951$2,422$7,940
Fees for Services Legal$6,116--$6,116
Advertising$540-$1,116$1,656
Other Expenses$-54,524$300-$-54,524
Total Functional Expenses$2,992,472$293,460$492,545$3,778,477

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,778,477
Expenses per Audited Statements$3,731,788
Total Expenses per Audited Statements$3,731,788
Expenses Not Reported on Financial Statements$46,689
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Dana-farber Cancer InstituteBoston, MA501 (c) (3)Research$270,000
Massachusetts General HospitalBoston, MA501 (c) (3)Research$270,000
The Board of Trustees of the Leland Stanford Junior UniversityStanford, CA501 (c) (3)Research$270,000
University of IowaIowa City, IA501 (c) (3)Research$270,000
University of Texas Md Anderson Cancer CenterHouston, TX501 (c) (3)Research$270,000
Education and Research FoundationOmaha, NE501 (c) (3)Research$100,000
North Amer Neuroendocrine Tumor SocietyAlbany, NY501 (c) (3)Research$100,000
Stanford University School of MedicineStanford, CA501 (c) (3)Research$100,000
Uthealth HoustonHouston, TX501 (c) (3)Research$100,000
David Geffen School of Medicine at University of California Los AngelesLos Angeles, CA501 (c) (3)Research$90,000
Beth Israel Deaconess Medical CenterBoston, MA501 (c) (3)Research$19,056

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$6,193
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The finance commitee reviews and approves the form 990. All board members receive and review the 990 before it is submitted.

Form 990, Part VI, Section B, Line 12C

All directors and key employees are required to sign off that they have reviewed and disclosed any conflicts of interest, if any, at least annually. The directors review these sign-offs and comments, if any.

Form 990, Part VI, Section B, Line 15A

Chief executive officer compensation and related benefits are reviewed and approved by the executive committee of the board of directors. The chief executive officer reviews and approves staff compensation annually.

Form 990, Part VI, Section C, Line 19

Governing documents, the conflict of interest policy and annual financial statements are posted on the organization website.

Filing and Contact Details

Filer

Filer Name
Neuroendocrine Tumor Research Foundation
EIN
20-1945347
Phone
6179461780
Address
100 HANCOCK ST THIRD FLOOR, QUINCY, MA 02171

Signing Officer

Name
Elyse Gellerman
Title
Chief Executive Officer
Phone
6179461780
Signed
2025-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elyse Gellerman
Formed
2004
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
7
Volunteers
14

Preparer

Firm
Pozerski Hatch & Company
Address
100 LEDGEWOOD PLACE SUITE 304, ROCKLAND, MA 02370
Preparer
Michelle Hatch
Phone
7814801430
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The endowment fund is to be maintained in perpetuity and was established to support the achievement of the organization's mission.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0TO FUND RESEARCH TO DISCOVER CURES & MORE EFFECTIVE TREATMENTS FOR NEUROENDOCRINE CANCERS. THE NETRF IS COMMITTED TO IMPROVING THE LIVES OF THOSE AFFECTED BY NEURENDOCRINE CANCER BY PROVIDING INFORMATION & EDUCATIONAL RESOURCES.
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IRS990/Form990PartVIISectionAGrp/PersonNm3LAURIE RAINS
IRS990/Form990PartVIISectionAGrp/PersonNm4ANTHONY DETRE
IRS990/Form990PartVIISectionAGrp/PersonNm5STEPHEN BLACKWOOD PHD
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IRS990/Form990PartVIISectionAGrp/PersonNm7JOSH MAILMAN
IRS990/Form990PartVIISectionAGrp/PersonNm8JOSEPH LI MD
IRS990/Form990PartVIISectionAGrp/PersonNm9BRENDAN FOLEY UNTIL 62024
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IRS990/Form990PartVIISectionAGrp/PersonNm11SUZANNE LUDLOW
IRS990/Form990PartVIISectionAGrp/PersonNm12LAURIE LITTLEPAGE
IRS990/Form990PartVIISectionAGrp/PersonNm13CARRIE CAMINO AS OF 42024
IRS990/Form990PartVIISectionAGrp/PersonNm14ELYSE GELLERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm15SUSAN HARRINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm16ANNA GREENE
IRS990/Form990PartVIISectionAGrp/PersonNm17JESSICA THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm18CHRISTINA COFFEY UNTIL 072024
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHIEF DEVELOPMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF RESEARCH
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR OF PATIENT EDUCATION
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR OF COMMUNICATIONS
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IRS990/MissionDesc0TO FUND RESEARCH TO DISCOVER CURES AND MORE EFFECTIVE TREATMENTS FOR NEUROENDOCRINE CANCERS. THE NETRF IS COMMITTED TO IMPROVING THE LIVES OF THOSE AFFECTED BY NEUROENDOCRINE CANCER BY PROVIDING INFORMATION & EDUCATIONAL RESOURCES.
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IRS990/ProgSrvcAccomActy2Grp/Desc0NETRF PROVIDES EDUCATION AND SUPPORT FOR PEOPLE WITH NEUROENDOCRINE CANCER AND THEIR FAMILIES. THROUGH EDUCATIONAL CONFERENCES, A PATIENT GUIDE, PODCASTS AND A COMPREHENSIVE WEBSITE, NETRF HELPS PATIENTS UNDERSTAND THEIR DIAGNOSIS AND TREATMENT OPTIONS.
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