Liabilities / Assets
56th percentile
Higher debt load relative to assets than 56% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
56th percentile
Higher debt load relative to assets than 56% of similar nonprofits.
Liabilities / Revenue
60th percentile
Higher debt load relative to revenue than 60% of similar nonprofits.
Net Margin
28th percentile
Higher net margin than 28% of similar nonprofits.
Top Officer Pay
39th percentile
Higher top officer pay than 39% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
1st percentile
Faster asset growth than 1% of similar nonprofits.
Revenue Growth
46th percentile
Faster revenue growth than 46% of similar nonprofits.
Assets
Down$1,028,035
Down $3,076,760 (-75%) from 2022
Net Assets
Down$922,382
Down $3,003,411 (-77%) from 2022
Liabilities
Down$105,653
Down $73,349 (-41%) from 2022
Revenue
Up$684,167
Up $31,182 (+4.8%) from 2022
Expenses
Down$724,013
Down $723,371 (-50%) from 2022
Net Income
Up-$39,846
Up $754,553 (+95%) from 2022
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"
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $666,241 | $720,738 | ▲ $54,497 |
| Pledges and Grants Receivable | $309,214 | $178,276 | ▼ $130,938 |
| Investments Program Related | $3,125,000 | $125,000 | ▼ $3,000,000 |
| Inventories for Sale or Use | $2,462 | $2,462 | → $0 |
| Cash and Non-Interest-Bearing Accounts | $1,097 | $1,097 | → $0 |
| Land, Buildings, and Equipment, Net | $601 | $282 | ▼ $319 |
| Prepaid Expenses and Deferred Charges | $180 | $180 | → $0 |
| Total Assets | $4,104,795 | $1,028,035 | ▼ $3,076,760 |
| Liabilities | |||
| Grants Payable | $129,977 | $89,782 | ▼ $40,195 |
| Accounts Payable and Accrued Expenses | $49,025 | $15,871 | ▼ $33,154 |
| Total Liabilities | $179,002 | $105,653 | ▼ $73,349 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $3,637,792 | $779,381 | ▼ $2,858,411 |
| Net Assets With Donor Restrictions | $288,001 | $143,001 | ▼ $145,000 |
| Total Net Assets Fund Balance | $3,925,793 | $922,382 | ▼ $3,003,411 |
| Total Liabilities and Net Assets / Fund Balance | $4,104,795 | $1,028,035 | ▼ $3,076,760 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $282 | $11,796 | $12,078 |
| Investment Program Related Org | $125,000 | - | - |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2023 | $288,001 | - | - | $145,000 | $143,001 |
| 2022 | $840,001 | - | - | $552,000 | $288,001 |
| 2021 | $1,098,758 | $645,000 | - | $903,757 | $840,001 |
| 2020 | $1,417,892 | - | - | $319,134 | $1,098,758 |
| 2019 | $1,250,000 | $979,558 | - | $811,666 | $1,417,892 |
| Name | Title |
|---|---|
| Benjamin Seckler Md | President |
| Randy Reiff | Director |
| Tracy Kramer Seckler | Director |
| Earl Kramer | Treasurer |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $550,000 |
| Other Expenses | $174,013 |
| Total Fundraising Expense | $14,117 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $550,000 | - | - | $550,000 |
| Fees for Services Other | $14,182 | $6,630 | $7,136 | $27,948 |
| Fees for Services Accounting | - | $19,200 | - | $19,200 |
| Other Expenses | $3,652 | $1,228 | $4,110 | $8,990 |
| Office Expenses | $259 | $330 | $1,695 | $2,284 |
| Insurance | $656 | $776 | $776 | $2,208 |
| Travel | $1,645 | - | - | $1,645 |
| Occupancy | $400 | $400 | $400 | $1,200 |
| Depreciation Depletion | - | $319 | - | $319 |
| Fees for Service Investment Mgmnt Fees | - | $219 | - | $219 |
| Total Functional Expenses | $570,794 | $139,102 | $14,117 | $724,013 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Umass Memorial Foundation | Shrewsbury, MA | 501(c)(3) | Research Grant | $550,000 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Benjamin seckler, md (board chairman), is husband to tracy kramer seckler (board member). Earl kramer (treasurer), is father to tracy kramer seckler (board member).”
“Tracy seckler (director) reviewed and approved the draft 990 which was made final upon her approval.”
“Officers, directors and key employees must review the policy annually and sign a declaration that they have complied with the policy.”
“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.”
“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”
“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 much proactively identify and knock down hurdles that stand in the way of efficient drug development. Since inception, we have directed more than $50m 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 2023, we dedicated a total of $570,913 to our programmatic efforts. Of this, $550,000 was dedicated to grants and allocations, and $20,913 was dedicated to other programmatic expenses.”
“We continued our support of the duchenne program at umass medical school, which we created in 2018. 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 the largest dedicated duchenne clinic in the northeast us 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, now in its fourth year, has nearly 400 patients in its direct care and continues to benefit patients worldwide even if they do not enter its doors in person through sponsored clinical trials, original research, and sharing best practices in research and care with the broader community.”
“Loss on investment in llc -2,963,565.”
“Temporarily restricted net assets consist of contributions that are restricted by the donor for a specific purpose or relate to future periods.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 49025 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 15871 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO ACCELERATE THE DEVELOPMENT OF LIFE-SAVING TREATMENTS FOR DUCHENNE MUSCULAR DYSTROPHY "DMD" |
| IRS990/AllOtherContributionsAmt | 0 | 628508 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | TRACY SECKLER OR SARAH DONALDSONTHE FUND |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 4134291639 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 635 MAIN ST STE 3 |
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| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
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| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 1097 |
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| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
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| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 628508 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 550000 |
| IRS990/CYInvestmentIncomeAmt | 0 | 15464 |
| IRS990/CYOtherExpensesAmt | 0 | 174013 |
| IRS990/CYOtherRevenueAmt | 0 | 40195 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -39846 |
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| IRS990/CYTotalExpensesAmt | 0 | 724013 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 14117 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 684167 |
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| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 319 |
| IRS990/Desc | 0 | SEE SCHEDULE O |
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| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 143001 |
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| IRS990/FamilyOrBusinessRlnInd | 0 | 1 |
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| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 14182 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 27948 |
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| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 15.00 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
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| IRS990/FormationYr | 0 | 2004 |
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| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 4 |
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| IRS990/GrantsPayableGrp/EOYAmt | 0 | 89782 |
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| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
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| IRS990/GrossReceiptsAmt | 0 | 694270 |
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| IRS990/MissionDesc | 0 | 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.) |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 6398241 |
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| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 2279 |
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| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 40909 |
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| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 589 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 40895 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.70200 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.69830 |
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| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 0 | INVESTMENT - WIDE VISION LLC |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | TEMPORARILY RESTRICTED NET ASSETS CONSIST OF CONTRIBUTIONS THAT ARE RESTRICTED BY THE DONOR FOR A SPECIFIC PURPOSE OR RELATE TO FUTURE PERIODS. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART V, LINE 4: |
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| IRS990ScheduleD/TotalBookValueProgramRltdAmt | 0 | 125000 |
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| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501(C)(3) |
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| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | RESEARCH GRANT |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | UMASS MEMORIAL FOUNDATION |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 043108190 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 333 SOUTH ST |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | SHREWSBURY |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 01545 |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | ALL GRANTS ARE PROVIDED UNDER CONTRACTS WITH THE GRANT RECIPIENTS. THE CONTRACTS REQUIRE GRANTEES TO MEET CERTAIN EVENT AND PERFORMANCE MILESTONES AND PERIODIC PROGRESS REPORTS TO CHARLEY'S FUND, INC. ARE REQUIRED. THE BOARD OF DIRECTORS REVIEWS AND APPROVES GRANTS ACCORDING TO THE ORGANIZATION'S POLICY ON FUNDING AND EXPENSE APPROVALS. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 2: |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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 MUCH PROACTIVELY IDENTIFY AND KNOCK DOWN HURDLES THAT STAND IN THE WAY OF EFFICIENT DRUG DEVELOPMENT. SINCE INCEPTION, WE HAVE DIRECTED MORE THAN $50M 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 2023, WE DEDICATED A TOTAL OF $570,913 TO OUR PROGRAMMATIC EFFORTS. OF THIS, $550,000 WAS DEDICATED TO GRANTS AND ALLOCATIONS, AND $20,913 WAS DEDICATED TO OTHER PROGRAMMATIC EXPENSES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | WE CONTINUED OUR SUPPORT OF THE DUCHENNE PROGRAM AT UMASS MEDICAL SCHOOL, WHICH WE CREATED IN 2018. 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 THE LARGEST DEDICATED DUCHENNE CLINIC IN THE NORTHEAST US 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, NOW IN ITS FOURTH YEAR, HAS NEARLY 400 PATIENTS IN ITS DIRECT CARE AND CONTINUES TO BENEFIT PATIENTS WORLDWIDE EVEN IF THEY DO NOT ENTER ITS DOORS IN PERSON THROUGH SPONSORED CLINICAL TRIALS, ORIGINAL RESEARCH, AND SHARING BEST PRACTICES IN RESEARCH AND CARE WITH THE BROADER COMMUNITY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 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). |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | TRACY SECKLER (DIRECTOR) REVIEWED AND APPROVED THE DRAFT 990 WHICH WAS MADE FINAL UPON HER APPROVAL. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | OFFICERS, DIRECTORS AND KEY EMPLOYEES MUST REVIEW THE POLICY ANNUALLY AND SIGN A DECLARATION THAT THEY HAVE COMPLIED WITH THE POLICY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | LOSS ON INVESTMENT IN LLC -2,963,565. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART III - LINE 1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART III - LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART XI, LINE 9: |
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Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.