Civic Intelligence

Charley'S Fund Inc

990 • Fiscal year 2018 • EIN 20-2014968

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 08, 2019

635 Main Street Suite 3Great Barrington, MA 01230

(413) 528-0400

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

29th percentile

0.04x

Higher debt load relative to assets than 29% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

33rd percentile

0.08x

Higher debt load relative to revenue than 33% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

76th percentile

18%

Higher net margin than 76% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

82nd percentile

$231,260

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

63rd percentile

5.4%

Faster asset growth than 63% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

93rd percentile

95%

Faster revenue growth than 93% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$5,773,778

Up $294,698 (+5.4%) from 2017

Net Assets

Up

$5,549,335

Up $507,229 (+10%) from 2017

Liabilities

Down

$224,443

Down $212,531 (-49%) from 2017

Revenue

Up

$2,768,744

Up $1,347,665 (+95%) from 2017

Expenses

Up

$2,261,515

Up $620,024 (+38%) from 2017

Net Income

Up

$507,229

Up $727,641 (+330%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2010: $3,231,789Liabilities 2010: $957,471Net Assets 2010: $2,274,3182010Assets 2011: $3,783,996Liabilities 2011: $645,646Net Assets 2011: $3,138,3502011Assets 2012: $4,618,668Liabilities 2012: $596,156Net Assets 2012: $4,022,5122012Assets 2013: $9,253,046Liabilities 2013: $848,211Net Assets 2013: $8,404,8352013Assets 2014: $7,174,159Liabilities 2014: $114,723Net Assets 2014: $7,059,4362014Assets 2015: $5,328,300Liabilities 2015: $75,537Net Assets 2015: $5,252,7632015Assets 2016: $5,332,454Liabilities 2016: $69,936Net Assets 2016: $5,262,5182016Assets 2017: $5,479,080Liabilities 2017: $436,974Net Assets 2017: $5,042,1062017Assets 2018: $5,773,778Liabilities 2018: $224,443Net Assets 2018: $5,549,3352018Assets 2019: $5,842,303Liabilities 2019: $372,292Net Assets 2019: $5,470,0112019Assets 2020: $4,987,686Liabilities 2020: $237,253Net Assets 2020: $4,750,4332020Assets 2021: $5,463,767Liabilities 2021: $743,575Net Assets 2021: $4,720,1922021Assets 2022: $4,104,795Liabilities 2022: $179,002Net Assets 2022: $3,925,7932022Assets 2023: $1,028,035Liabilities 2023: $105,653Net Assets 2023: $922,3822023Assets 2024: $1,076,613Liabilities 2024: $12,105Net Assets 2024: $1,064,5082024

Highlighted filing

2018

Assets$5,773,778
Liabilities$224,443
Net Assets$5,549,335

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $1,449,322Expenses 2010: $1,181,341Net Income 2010: $267,9812010Expenses 2011: $636,7512011Revenue 2012: $1,716,740Expenses 2012: $357,000Net Income 2012: $1,359,7402012Revenue 2013: $5,128,500Expenses 2013: $762,375Net Income 2013: $4,366,1252013Revenue 2014: $1,589,136Expenses 2014: $2,918,337Net Income 2014: -$1,329,2012014Revenue 2015: $552,106Expenses 2015: $2,358,779Net Income 2015: -$1,806,6732015Revenue 2016: $4,175,464Expenses 2016: $4,165,709Net Income 2016: $9,7552016Revenue 2017: $1,421,079Expenses 2017: $1,641,491Net Income 2017: -$220,4122017Revenue 2018: $2,768,744Expenses 2018: $2,261,515Net Income 2018: $507,2292018Revenue 2019: $2,197,115Expenses 2019: $2,276,439Net Income 2019: -$79,3242019Revenue 2020: $1,182,641Expenses 2020: $1,902,221Net Income 2020: -$719,5802020Revenue 2021: $1,781,625Expenses 2021: $1,811,866Net Income 2021: -$30,2412021Revenue 2022: $652,985Expenses 2022: $1,447,384Net Income 2022: -$794,3992022Revenue 2023: $684,167Expenses 2023: $724,013Net Income 2023: -$39,8462023Revenue 2024: $628,496Expenses 2024: $491,964Net Income 2024: $136,5322024

Highlighted filing

2018

Revenue$2,768,744
Expenses$2,261,515
Net Income$507,229
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 8, 2019
Return Version
2018v3.1
Gross Receipts
$2,812,052
Mission and Program Overview

Mission

Charley's fund's singular mission is to support the development of treatments and a cure for duchenne muscular dystrophy (dmd). We identify and direct funding to the most compelling research and treatment programs related to dmd and, (cont. On sch. O.)

To accelerate the development of life-saving treatments for duchenne muscular dystrophy "dmd"

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$3,202,537$3,202,775▲ $238
Pledges and Grants Receivable$247,111$1,432,833▲ $1,185,722
Savings and Temporary Cash Investments$1,998,113$1,106,648▼ $891,465
Inventories for Sale or Use$14,021$12,938▼ $1,083
Cash and Non-Interest-Bearing Accounts$9,339$10,103▲ $764
Prepaid Expenses and Deferred Charges$4,248$4,234▼ $14
Land, Buildings, and Equipment, Net$1,161$797▼ $364
Total Assets$5,479,080$5,773,778▲ $294,698
Other Assets Total$2,550$3,450▲ $900
Liabilities
Grants Payable$410,963$194,085▼ $216,878
Accounts Payable and Accrued Expenses$26,011$30,358▲ $4,347
Total Liabilities$436,974$224,443▼ $212,531
Net Assets / Fund Balance
Unrestricted Net Assets$4,947,485$4,299,335▼ $648,150
Temporarily Rstr Net Assets$94,621$1,250,000▲ $1,155,379
Total Net Assets Fund Balance$5,042,106$5,549,335▲ $507,229
Total Liabilities and Net Assets / Fund Balance$5,479,080$5,773,778▲ $294,698

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$797$9,688$10,485
Investment Program Related Org$3,000,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$94,621$1,825,000-$669,621$1,250,000
2017$35,000$205,000-$145,379$94,621
2016$64,707$40,000-$69,707$35,000
2015-$130,000-$65,293$64,707
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura Dalle PazzePresident & Chief Operating OfficerFT$192,566$38,694$231,260
Tracy Kramer SecklerBoard MemberFT$71,510-$71,510

Board Members and Trustees

NameTitle
Benjamin Seckler MdBoard Chairman
Ellen WilnerBoard Member
Kathe Kramer ChaseBoard Member
Mark AvaglianoBoard Member
Randy ReiffBoard Member
Karen ClimoClerk
Earl KramerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,757,831
Program Service Revenue
$0
Investment Income
$12,225
Other Revenue
$-1,312
All Other Contributions
$2,757,831
Change in Net Assets
$507,229

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded6$42,225Fair Market Value (FMV)
Total Noncash Contributions6$42,225-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,522,481
Salaries, Compensation, and Employee Benefits$478,333
Total Fundraising Expense$281,135
Other Expenses$260,701
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,522,481--$1,522,481
Current Officers, Directors, Trustees, and Key Employees$129,615$53,093$120,062$302,770
Other Salaries and Wages$57,027$22,820$51,898$131,745
Office Expenses$2,492$2,008$40,377$44,877
Other Expenses$18,262$3,146$17,971$39,379
Payroll Taxes$10,816$4,755$11,541$27,112
Fees for Services Accounting$650$22,050-$22,700
Occupancy$8,023$3,361$9,487$20,871
Fees for Services Other$4,454-$15,399$19,853
Travel$14,911$758$3,175$18,844
Other Employee Benefits$3,656$4,503$8,547$16,706
Fees for Services Legal$8,912$707$443$10,062
Insurance$2,236$2,235$2,235$6,706
Fees for Service Investment Mgmnt Fees-$1,325-$1,325
Conferences and Meetings$1,100--$1,100
Depreciation Depletion-$364-$364
Total Functional Expenses$1,859,255$121,125$281,135$2,261,515
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Umass Memorial FoundationShrewsbury, MA501(c)(3)Research Grant$1,300,000
Akashi Theraputics LLCCambridge, MAN/aResearch Grant$125,000
Casimir LLCPlymouth, MAN/aResearch Grant$97,481
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Benjamin seckler, md (board chairman), is husband to tracy kramer seckler (board member). Earl kramer (treasurer), is father to tracy kramer seckler (board member) and kathe kramer chase (board member). Kathe kramer chase (board member), and tracy kramer seckler (board members), are sisters.

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

No review was or will be conducted.

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

Officers, directors and key employees must review the policy annually and sign a declaration that they have complied with the policy.

Form 990, Part VI, Section B, Line 15

Compensation of top management and officers of the organization is developed in consideration of performance and review of relevant competitive benchmarks and submitted to finance board members for approval.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
CHARLEY'S FUND INC
EIN
20-2014968
Phone
4135280400
Address
635 MAIN STREET SUITE 3, GREAT BARRINGTON, MA 01230

Signing Officer

Name
Earl Kramer
Title
Treasurer
Phone
4135280400
Signed
2019-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Earl Kramer
Formed
2004
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
7
Employees
4
Volunteers
8

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004
Preparer
James J Reilly
Phone
2126617777
Supplemental Narrative

Additional Explanations

Cont. From Part III - Line 1

Importantly, amplify the impact of that funding with strategic problem-solving support to both awardees and the broader dmd research community. To beat dmd, it's not enough to find the best research; we also must proactively identify and knock down hurdles that stand in the way of efficient drug development. Since inception, we have directed almost $45m in funding to these efforts, leveraging both our own funding as well as funding from other dmd patient organizations to identify and support the best science in pursuit of treatments and a cure for dmd. In 2018, we dedicated a total of $1,859,254 to our programmatic efforts. Of this, $1,522,481 was dedicated to grants and allocations and $336,773 was dedicated to other programmatic expenses.

Form 990, Part III, Line 2

In 2018 we founded the duchenne program at umass medical school, an initiative designed to advance comprehensive care and research for dmd patients in the region, across the country, and even around the world. Our support enables the establishment of a best-in-class clinical facility and program that advances our mission to stop dmd by pursuing three mutually enhancing pillars of work: providing multidisciplinary, integrative care to boys living with dmd today, hosting cutting-edge clinical trials, and conducting original research. We provided $1.3mm to umass support this initiative in 2018. The duchenne program opened its doors in july.

Part III - Line 4A

In 2018 we created the duchenne program at umass medical school. The program is powered by a unique collaboration among the medical, research, and patient communities. Founding clinic director dr. Brenda wong, host institution umass medical center and medical school, and charley's fund work jointly to ensure that the duchenne program delivers world-class results on three key goals: deliver comprehensive, integrated care to patients host cutting-edge clinical trials drive original research and discoveries to power the next wave of breakthroughs the duchenne program already in its first year is seeing more patients than any other clinic in the world. It currently hosts two active clinical trials and is in discussions to add more. It also currently has one original research project underway and is well into developing the database that will provide a key resource in further research to follow.

Part III - Line 4C

Through our impact initiative we work with partners in the field to develop their scientific programs and to identify research roadblocks and potential solutions. The impact initiative speeds and improves all research not just one particular therapy by identifying and then solving systemic problems that make drug development slower, more difficult and more costly. Currently the impact initiative focuses on three areas: 1) improving outcome measures, 2) improving preclinical methods and decision-making, and 3) improving the design, execution, and analysis of clinical trials for dmd. We developed the impact initiative because rigorous science undertaken with urgency and focus is the only way we get to the outcomes we and all duchenne families want: drugs that work, and work well. Solving these field-wide problems and improving our tools and resources is an absolute must to get results. Outcome measures: one aspect of the drug development process that concerns us is the lack of reliable outcome measures that can determine the efficacy of an intervention over a reasonably short period of time. In 2018 we committed funds to casimir, llc which was formed to address this important need by developing a series of outcome measures designed to quantify patient quality of movement using videos of boys with dmd performing daily tasks. With our support, casimir has pursued activities to develop and refine their scoring system, gather key baseline data needed to determine its reliability and concept validity, and begun engaging with the fda to ensure acceptance of this developing tool. Also, in 2018, we continued our support for electrical impedance myography (eim), collaborating with eim founder dr. Seward rutkove to assess its suitability as an outcome measure for dmd. Eim utilizes a small, hand-held device to run a high-frequency current through a muscle. It is painless, relatively inexpensive, take seconds to perform and can be used on patients of any age. With our support, dr. Rutkove has completed critical studies to confirm eim's reliability, consistency and ability to differentiate healthy muscle from diseased muscle. Preclinical methods: one major reason we have trouble translating promising research results into actual therapies is the shortcomings in how preclinical methods and models are used by dmd researchers. Our "of mice and measures" program (omam) is a collaborative, ongoing effort that brings together experts from academia and industry to improve the decision-making process for which drugs should advance to clinical testing. Clinical trials: the collaborative trajectory analysis project (ctap) is a collaborative effort among key stakeholders in the industry, academic, and patient communities to improve the way we design, execute, and analyze clinical trials in duchenne. It makes use of a growing body of dmd natural history and clinical trial data and cutting-edge biostatistical analysis approaches to improve our understanding of the natural history of duchenne and thus, how sponsors can better design trials to identify when their treatment succeeds in changing that natural history. Ctap works to provide 1) ongoing investigation and publication on key questions facing the field and impacting clinical trial design, and 2) targeted support for sponsors designing and running trials today.

Financial Statement Notes

PART V, LINE 4:

Temporarily restricted net assets consist of contributions that are restricted by the donor for a specific purpose or relate to future periods.

Raw XML AppendixShowing 400 of 672 raw XML fields

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/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-252
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantAmt01300000
IRS990/GrantsPayableGrp/BOYAmt0410963
IRS990/GrantsPayableGrp/EOYAmt0194085
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01522481
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01522481
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt041973
IRS990/GrossReceiptsAmt02812052
IRS990/GrossSalesOfInventoryAmt0183
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt02235
IRS990/InsuranceGrp/ManagementAndGeneralAmt02235
IRS990/InsuranceGrp/ProgramServicesAmt02236
IRS990/InsuranceGrp/TotalAmt06706
IRS990/InventoriesForSaleOrUseGrp/BOYAmt014021
IRS990/InventoriesForSaleOrUseGrp/EOYAmt012938
IRS990/InvestmentIncomeGrp/ExclusionAmt012477
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt012477
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsProgramRelatedGrp/BOYAmt03202537
IRS990/InvestmentsProgramRelatedGrp/EOYAmt03202775
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09688
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01161
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0797
IRS990/LandBldgEquipCostOrOtherBssAmt010485
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt042225
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0CHARLEY'S FUND'S SINGULAR MISSION IS TO SUPPORT THE DEVELOPMENT OF TREATMENTS AND A CURE FOR DUCHENNE MUSCULAR DYSTROPHY (DMD). WE IDENTIFY AND DIRECT FUNDING TO THE MOST COMPELLING RESEARCH AND TREATMENT PROGRAMS RELATED TO DMD AND, (CONT. ON SCH. O.)
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05042106
IRS990/NetAssetsOrFundBalancesEOYAmt05549335
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-252
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-252
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-900
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-900
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt042225
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt09487
IRS990/OccupancyGrp/ManagementAndGeneralAmt03361
IRS990/OccupancyGrp/ProgramServicesAmt08023
IRS990/OccupancyGrp/TotalAmt020871
IRS990/OfficeExpensesGrp/FundraisingAmt040377
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02008
IRS990/OfficeExpensesGrp/ProgramServicesAmt02492
IRS990/OfficeExpensesGrp/TotalAmt044877
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02550
IRS990/OtherAssetsTotalGrp/EOYAmt03450
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt08547
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04503
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03656
IRS990/OtherEmployeeBenefitsGrp/TotalAmt016706
IRS990/OtherExpensesGrp/Desc0SCIENTIFIC CONSULTING
IRS990/OtherExpensesGrp/Desc1OTHER
IRS990/OtherExpensesGrp/FundraisingAmt017971
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03146
IRS990/OtherExpensesGrp/ProgramServicesAmt074620
IRS990/OtherExpensesGrp/ProgramServicesAmt118262
IRS990/OtherExpensesGrp/TotalAmt074620
IRS990/OtherExpensesGrp/TotalAmt139379
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0LOSS ON INVESTEMNT IN LLC
IRS990/OtherRevenueMiscGrp/ExclusionAmt0-412
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-412
IRS990/OtherRevenueTotalAmt0-412
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt051898
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt022820
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt057027
IRS990/OtherSalariesAndWagesGrp/TotalAmt0131745
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt011541
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04755
IRS990/PayrollTaxesGrp/ProgramServicesAmt010816
IRS990/PayrollTaxesGrp/TotalAmt027112
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0247111
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01432833
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04248
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04234
IRS990/PrincipalOfficerNm0EARL KRAMER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE GRANT TO AKASHI THERAPEUTICS, INC., WAS TO SUPPORT FOR THE CONTINUED DEVELOPMENT OF THEIR RESEARCH PIPELINE, INCLUDING CLINICAL DEVELOPMENT OF HT-100 (DELAYED RELEASE HALOFUGINONE), AN ORALLY AVAILABLE SMALL MOLECULE DEVELOPED TO REDUCE FIBROSIS AND INFLAMMATION AND PROMOTE HEALTHY MUSCLE REGENERATION IN BOYS WITH DMD; AN ORAL SARM (SELECTIVE ANDROGEN RECEPTOR MODULATOR), AND AT-300, A NEW THERAPY THAT HAS THE POTENTIAL TO INHIBIT THE CALCIUM INFLUX THAT RESULTS FROM THE LACK OF DYSTROPHIN IN BOYS WITH DMD.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0125000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0125000
IRS990/ProgSrvcAccomActy3Grp/Desc0SEE SCHEDULE O
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0179648
IRS990/ProgSrvcAccomActy3Grp/GrantAmt097481
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0224590
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01415266
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0830522
IRS990/PYInvestmentIncomeAmt04682
IRS990/PYOtherExpensesAmt0289753
IRS990/PYOtherRevenueAmt01131
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-220412
IRS990/PYSalariesCompEmpBnftPaidAmt0521216
IRS990/PYTotalExpensesAmt01641491
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01421079
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0507229
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01998113
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01106648
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER - 2017 AMOUNT: $ 38.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02757831
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01415266
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01054965
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01550470
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01249979
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08028511
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt011152
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04746
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03119820
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01178
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0126004
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03262900
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt038
IRS990ScheduleA/OtherIncome170Grp/TotalAmt038
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.56750
IRS990ScheduleA/PublicSupportPY170Pct00.59360
IRS990ScheduleA/PublicSupportTotal170Amt06407821
IRS990ScheduleA/SubstantialContributorsTotAmt01620690
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02757831
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01415266
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01054965
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01550470
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01249979
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08028511
IRS990ScheduleA/TotalSupportAmt011291449
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt094621
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01825000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01250000
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0669621
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt035000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0205000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt094621
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0145379
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt064707
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt040000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt035000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt069707
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0130000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt064707
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt065293
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0797
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09688
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010485
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0-6667
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1-235
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2125000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt384677
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt43000000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT - DMD SOLUTIONS,LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENT - TCW CATALYST,LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2INVESTMENT - WIDE VISION LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3INVESTMENT - DART THERAPEUTICS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4INVESTMENT - AKASHI THERAPEU.
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TEMPORARILY RESTRICTED NET ASSETS CONSIST OF CONTRIBUTIONS THAT ARE RESTRICTED BY THE DONOR FOR A SPECIFIC PURPOSE OR RELATE TO FUTURE PERIODS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0797
IRS990ScheduleD/TotalBookValueProgramRltdAmt03202775
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0125000
IRS990ScheduleI/RecipientTable/CashGrantAmt197481
IRS990ScheduleI/RecipientTable/CashGrantAmt21300000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0N/A
IRS990ScheduleI/RecipientTable/IRCSectionDesc1N/A
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0RESEARCH GRANT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1RESEARCH GRANT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2RESEARCH GRANT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0AKASHI THERAPUTICS LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CASIMIR LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2UMASS MEMORIAL FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0043108190
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0145 FIRST ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt136 CORDAGE PARK CIRCLE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2333 SOUTH ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CAMBRIDGE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1PLYMOUTH
IRS990ScheduleI/RecipientTable/USAddress/CityNm2SHREWSBURY

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.08$0.01$1.06$0.63$0.49$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.11$0.92$0.68$0.72$0.04
2022Detailed filing. Detailed filing data is available for this year.$4.10$0.18$3.93$0.65$1.45$0.79
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.46$0.74$4.72$1.78$1.81$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.99$0.24$4.75$1.18$1.90$0.72
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.84$0.37$5.47$2.20$2.28$0.08
2018Detailed filing. Detailed filing data is available for this year.$5.77$0.22$5.55$2.77$2.26$0.51
2017Summary only. Only limited summary data is available for this year.$5.48$0.44$5.04$1.42$1.64$0.22
2016Summary only. Only limited summary data is available for this year.$5.33$0.07$5.26$4.18$4.17$0.01
2015Summary only. Only limited summary data is available for this year.$5.33$0.08$5.25$0.55$2.36$1.81
2014Summary only. Only limited summary data is available for this year.$7.17$0.11$7.06$1.59$2.92$1.33
2013Summary only. Only limited summary data is available for this year.$9.25$0.85$8.40$5.13$0.76$4.37
2012Summary only. Only limited summary data is available for this year.$4.62$0.60$4.02$1.72$0.36$1.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.78$0.65$3.14$0.64
2010Summary only. Only limited summary data is available for this year.$3.23$0.96$2.27$1.45$1.18$0.27