Civic Intelligence

Prize4Life Inc

990 • Fiscal year 2014 • EIN 20-5055664

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 12, 2015

PO Box 5755Berkeley, CA 94705

(617) 545-4822

Siviq Scores

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

Liabilities / Assets

27th percentile

0.02x

Higher debt load relative to assets than 27% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

50th percentile

0.11x

Higher debt load relative to revenue than 50% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

2nd percentile

-123%

Higher net margin than 2% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

66th percentile

$92,022

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 32.1% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

8th percentile

-16%

Faster asset growth than 8% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

6th percentile

-42%

Faster revenue growth than 6% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$2,040,745

Down $377,653 (-16%) from 2013

Net Assets

Down

$2,008,923

Down $351,376 (-15%) from 2013

Liabilities

Down

$31,822

Down $26,277 (-45%) from 2013

Revenue

Down

$286,376

Down $206,655 (-42%) from 2013

Expenses

Down

$637,752

Down $366,718 (-37%) from 2013

Net Income

Up

-$351,376

Up $160,063 (+31%) from 2013

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,876,467Liabilities 2010: $25,993Net Assets 2010: $3,850,4742010Assets 2011: $2,838,752Liabilities 2011: $50,562Net Assets 2011: $2,788,1902011Assets 2012: $3,002,974Liabilities 2012: $43,483Net Assets 2012: $2,959,4912012Assets 2013: $2,418,398Liabilities 2013: $58,099Net Assets 2013: $2,360,2992013Assets 2014: $2,040,745Liabilities 2014: $31,822Net Assets 2014: $2,008,9232014Assets 2015: $1,869,593Liabilities 2015: $7,971Net Assets 2015: $1,861,6222015Assets 2016: $1,625,956Liabilities 2016: $27,624Net Assets 2016: $1,598,3322016Assets 2017: $423,968Liabilities 2017: $1,973Net Assets 2017: $421,9952017Assets 2018: $315,622Liabilities 2018: $0Net Assets 2018: $315,6222018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2014

Assets$2,040,745
Liabilities$31,822
Net Assets$2,008,923

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $1,873,4152010Expenses 2011: $2,132,4652011Expenses 2012: $1,142,3252012Revenue 2013: $493,031Expenses 2013: $1,004,470Net Income 2013: -$511,4392013Revenue 2014: $286,376Expenses 2014: $637,752Net Income 2014: -$351,3762014Revenue 2015: $274,169Expenses 2015: $421,470Net Income 2015: -$147,3012015Revenue 2016: $132,478Expenses 2016: $395,768Net Income 2016: -$263,2902016Revenue 2017: $60,603Expenses 2017: $1,236,940Net Income 2017: -$1,176,3372017Revenue 2018: $1,936Expenses 2018: $108,309Net Income 2018: -$106,3732018Revenue 2019: $59Expenses 2019: $1,812Net Income 2019: -$1,7532019

Highlighted filing

2014

Revenue$286,376
Expenses$637,752
Net Income-$351,376
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 12, 2015
Return Version
2014v5.0
Gross Receipts
$666,742
Mission and Program Overview

Mission

Prize4life, inc.'s mission is to accelerate the discovery of treatments and a cure for als by using powerful incentives to attract new people and drive innovation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$505,142$1,759,719▲ $1,254,577
Investments in Publicly Traded Securities$1,557,880--
Savings and Temporary Cash Investments$209,061$200,070▼ $8,991
Pledges and Grants Receivable$146,315$79,500▼ $66,815
Prepaid Expenses and Deferred Charges-$1,456-
Total Assets$2,418,398$2,040,745▼ $377,653
Liabilities
Accounts Payable and Accrued Expenses$58,099$31,822▼ $26,277
Total Liabilities$58,099$31,822▼ $26,277
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,640,315$1,579,500▼ $60,815
Unrestricted Net Assets$719,984$429,423▼ $290,561
Total Net Assets Fund Balance$2,360,299$2,008,923▼ $351,376
Total Liabilities and Net Assets / Fund Balance$2,418,398$2,040,745▼ $377,653

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,759,719--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sara ShniderPresident/clFT$80,583$11,439$92,022

Board Members and Trustees

NameTitle
Nicole SzlezakChair
Amy Yamner JenkinsDirector
Avichai KremerDirector
Guy YamenDirector
Andrea MaranoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$170,776
Program Service Revenue
$67,761
Investment Income
$47,839
Other Revenue
$0
All Other Contributions
$170,776
Change in Net Assets
$-351,376

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
Other Non Cash Contri Table1$88,702Fair Market Value (FMV)
Other Non Cash Contri Table1$14,400Fair Market Value (FMV)
Total Noncash Contributions2$103,102-

Audited Revenue Reconciliation

Revenue per Audited Statements
$286,376
Revenue Not Reported on Form 990
$35,000
Total Revenue per Audited Statements
$321,376
Total Revenue per Form 990
$286,376
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$445,217
Salaries, Compensation, and Employee Benefits$192,535
Total Fundraising Expense$3,803
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$226,791$21,359-$248,150
Current Officers, Directors, Trustees, and Key Employees$83,369$4,531$2,719$90,619
Advertising$88,702--$88,702
Office Expenses$76,815$6,466$267$83,548
Other Salaries and Wages$43,127--$43,127
Comp Disqual Persons$39,209--$39,209
Payroll Taxes$15,556$400$240$16,196
Insurance$488$6,479$8$6,975
Travel$5,915-$20$5,935
Information Technology-$4,536-$4,536
Fees for Services Accounting-$3,729-$3,729
Other Employee Benefits$3,293--$3,293
Occupancy$640$1,298$549$2,487
Conferences and Meetings-$1,155-$1,155
Pension Plan Contributions$91--$91
Total Functional Expenses$583,996$49,953$3,803$637,752

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$672,752
Expenses per Audited Statements$637,752
Total Expenses per Form 990$637,752
Expenses Not Reported on Form 990$35,000
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
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The organization's representative reviews the irs form 990 with the accountant and makes a recommendation to the board to approve. Prior to the submission all board members receive a pdf copy of the return.

Form 990, Page 6, Part VI, Line 12C

The policy states: "in connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclosure all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement.

Form 990, Page 6, Part VI, Line 15A

The board reviews compensation as part of the annual budget approval process.

Form 990, Page 6, Part VI, Line 15B

The board reviews compensation as part of the annual budget approval process.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request or via the state of massachusetts secretary of state website.

Filing and Contact Details

Filer

Filer Name
Prize4life Inc
EIN
20-5055664
Phone
6175454822
Address
PO BOX 5755, BERKELEY, CA 94705

Signing Officer

Name
Andrea Marano
Title
Treasurer
Phone
6175454822
Signed
2015-06-12

Organization Details

Principal Officer
Andrea Marano
Formed
2006
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
4
Volunteers
25

Preparer

Firm
Sandberg & Creeden Pc
Address
331 PAGE ST STE 2, STOUGHTON, MA 02072-1172
Preparer
Theresa J Creeden
Phone
7813440850
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Members of the scientific community provide their service to review "prize" entries to make recommnedations to enhance protocols to further research.

Form 990, Page 2, Part III, Line 4A

Global als collaboration: als observes no geographic boundaries and neither does prize4life. Prize4life values the sharing of ideas, information, and knowledge among a wide variety of research sectors around the globe as well as within the organization itself. Prize4life is committed to facilitating collaboration as an effective means to the fulfillment of its mission. Efficiency/leverage: als patients deserve a cure today and we hope to find it for them, working quickly and without waste of time or resources. We identify and partner to develop the necessary missing tools, resources, and projects that will transform the als drug development landscape. We proactively seek to learn where other als-related organizations are focusing their efforts in order to avoid creating redundancies. The prizes in november 2006, prize4life launched its first prize challenge, a 1 million award to be given for the discovery of a clinically relevant biomarker for als that could easily and effectively track disease progression. In may 2007, with a 75,000 donation from the kraft family, prize4life awarded five thought prizes of 15,000 each to teams who proposed the best theoretical solutions for discovering a biomarker for als. We continued to work towards awarding the 1 m biomarker prize and set a submission deadline of november 6, 2008. Prize4life received 12 submissions from 7 different countries. In 2009, prize4life awarded two submissions prizes of 50,000 each to recognize the progress and potential of their work. The 1 million prize was re-opened with a rolling deadline ending may 2011, and was ultimately awarded to dr. Seward rutkove in february of 2011 for the development of a biomarker that utilized electrical impedance myography. In october 2008, prize4life launched its second major prize: a 1 million award for a therapy that reliably and effectively extends the life of als mice by 25%. Named after prize4life's founder and ceo at the request of an anonymous donor, the 1 m avi kremer als treatment prize had a rolling deadline, which was closed to submissions on october 15, 2010. Prize4life received 13 submissions from 4 countries. In 2012 prize4life re-iaunched the 1m avi kremer als treatment prize4life, and by 2014 there were 14 industry and 20 academic teams participating in the prize competition. In addition, in 2012 prize4life launched the als prediction prize for an algorithm capable of improving clinician's ability to predict a given patient's disease progression. Over 1000 teams competed for this prize and 3 teams were awarded 50k in prizes in october 2012. The results of the prize were published in nature biotechnology in 2014, and one of the winning teams has launched a startup company to further develop their award-winning approach for als and other diseases. Other programs: while prizes are the visible core of our results-oriented model, we are also conscious of the need to create a vibrant and supportive arena in which our participating teams can effectively compete. Prize4life offers various tools to help support competing teams and the als research community as a whole: the prlze4life-jackson laboratory mouse colony after the launch of the 1m avi kremer treatment prize4life (als treatment prize) and to facilitate a diverse pool of teams and assist solvers competing for the als treatment prize, prize4life partnered with the jackson laboratory, a leading provider of mouse models for research, to build a mouse colony to provide quality controlled mice to competing labs free of charge. Since the mouse colony re-launch in sept 2011, this resource has enabled researchers from academia and industry to test more than 25 new candidate als therapies in the sod1-g93a als mouse model. The mouse manual to ensure that the outcomes from studies using free mouse models are useful. Prize4life worked with the jackson laboratory to write "working with als mice: guidelines for preclinical testing & colony management," a document intended to shar

Form 990, Part IX, Line 11G

Subcontracted services 226,791 0 0 consultant 0 21,359 0

Raw XML AppendixShowing 400 of 405 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/ActivityOrMissionDesc0PRIZE4LIFE, INC.'S MISSION IS TO ACCELERATE THE DISCOVERY OF TREATMENTS AND A CURE FOR ALS BY USING POWERFUL INCENTIVES TO ATTRACT NEW PEOPLE AND DRIVE INNOVATION.
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IRS990/Desc0PRIZE4LIFE IS AN INNOVATIVE "RESULTS-BASED" NOT-FOR-PROFIT ORGANIZATION. EFFECTIVE TREATMENTS AND A CURE FOR ALS ARE THE ORGANIZATION'S MOST HIGHLY PRIZED RESULTS; WE REWARD RESULTS REGARDLESS OF THE SCIENTIFIC DISCIPLINE FROM WHICH THEY ORIGINATED. CREATIVE INNOVATION: WE BELIEVE THAT THE SOLUTIONS TO SOME OF THE BIGGEST CHALLENGES IN ALS RESEARCH MAY REQUIRE OUT-OF-THE-BOX THINKING, AND SOME OF THE MOST CRITICAL DISCOVERIES COULD COME FROM UNLIKELY PLACES. WE ENCOURAGE AND REWARD CREATIVE APPROACHES THAT WILL YIELD REAL RESULTS FOR ALS PATIENTS. GLOBAL ALS COLLABORATION: ALS OBSERVES NO GEOGRAPHIC BOUNDARIES AND NEITHER DOES PRIZE4LIFE. PRIZE4LIFE VALUES THE SHARING OF IDEAS, INFORMATION, AND KNOWLEDGE AMONG A WIDE VARIETY OF RESEARCH SECTORS AROUND THE GLOBE AS WELL AS WITHIN THE ORGANIZATION ITSELF. PRIZE4LIFE IS COMMITTED TO FACILITATING COLLABORATION AS AN EFFECTIVE MEANS TO THE FULFILLMENT OF ITS MISSION. EFFICIENCY/LEVERAGE: ALS PATIENTS DESERVE A CURE TODAY AND WE HOPE TO FIND IT FOR THEM, WORKING QUICKLY AND WITHOUT WASTE OF TIME OR RESOURCES. WE IDENTIFY AND PARTNER TO DEVELOP THE NECESSARY MISSING TOOLS, RESOURCES, AND PROJECTS THAT WILL TRANSFORM THE ALS DRUG DEVELOPMENT LANDSCAPE. WE PROACTIVELY SEEK TO LEARN WHERE OTHER ALS-RELATED ORGANIZATIONS ARE FOCUSING THEIR EFFORTS IN ORDER TO AVOID CREATING REDUNDANCIES. THE PRIZES IN NOVEMBER 2006, PRIZE4LIFE LAUNCHED ITS FIRST PRIZE CHALLENGE, A 1 MILLION AWARD TO BE GIVEN FOR THE DISCOVERY OF A CLINICALLY RELEVANT BIOMARKER FOR ALS THAT COULD EASILY AND EFFECTIVELY TRACK DISEASE PROGRESSION. IN MAY 2007, WITH A 75,000 DONATION FROM THE KRAFT FAMILY, PRIZE4LIFE AWARDED FIVE THOUGHT PRIZES OF 15,000 EACH TO TEAMS WHO PROPOSED THE BEST THEORETICAL SOLUTIONS FOR DISCOVERING A BIOMARKER FOR ALS. WE CONTINUED TO WORK TOWARDS AWARDING THE 1 M BIOMARKER PRIZE AND SET A SUBMISSION DEADLINE OF NOVEMBER 6, 2008. PRIZE4LIFE RECEIVED 12 SUBMISSIONS FROM 7 DIFFERENT COUNTRIES. IN 2009, PRIZE4LIFE AWARDED TWO SUBMISSIONS PRIZES OF 50,000 EACH TO RECOGNIZE THE PROGRESS AND POTENTIAL OF THEIR WORK. THE 1 MILLION PRIZE WAS RE-OPENED WITH A ROLLING DEADLINE ENDING MAY 2011, AND WAS ULTIMATELY AWARDED TO DR. SEWARD RUTKOVE IN FEBRUARY OF 2011 FOR THE DEVELOPMENT OF A BIOMARKER THAT UTILIZED ELECTRICAL IMPEDANCE MYOGRAPHY. IN OCTOBER 2008, PRIZE4LIFE LAUNCHED ITS SECOND MAJOR PRIZE: A 1 MILLION AWARD FOR A THERAPY THAT RELIABLY AND EFFECTIVELY EXTENDS THE LIFE OF ALS MICE BY 25%. NAMED AFTER PRIZE4LIFE'S FOUNDER AND CEO AT THE REQUEST OF AN ANONYMOUS DONOR, THE 1 M AVI KREMER ALS TREATMENT PRIZE HAD A ROLLING DEADLINE, WHICH WAS CLOSED TO SUBMISSIONS ON OCTOBER 15, 2010. PRIZE4LIFE RECEIVED 13 SUBMISSIONS FROM 4 COUNTRIES. IN 2012 PRIZE4LIFE RE-IAUNCHED THE 1M AVI KREMER ALS TREATMENT PRIZE4LIFE, AND BY 2014 THERE WERE 14 INDUSTRY AND 20 ACADEMIC TEAMS PARTICIPATING IN THE PRIZE COMPETITION. IN ADDITION, IN 2012 PRIZE4LIFE LAUNCHED THE ALS PREDICTION PRIZE FOR AN ALGORITHM CAPABLE OF IMPROVING CLINICIAN'S ABILITY TO PREDICT A GIVEN PATIENT'S DISEASE PROGRESSION. OVER 1000 TEAMS COMPETED FOR THIS PRIZE AND 3 TEAMS WERE AWARDED 50K IN PRIZES IN OCTOBER 2012. THE RESULTS OF THE PRIZE WERE PUBLISHED IN NATURE BIOTECHNOLOGY IN 2014, AND ONE OF THE WINNING TEAMS HAS LAUNCHED A STARTUP COMPANY TO FURTHER DEVELOP THEIR AWARD-WINNING APPROACH FOR ALS AND OTHER DISEASES. OTHER PROGRAMS: WHILE PRIZES ARE THE VISIBLE CORE OF OUR RESULTS-ORIENTED MODEL, WE ARE ALSO CONSCIOUS OF THE NEED TO CREATE A VIBRANT AND SUPPORTIVE ARENA IN WHICH OUR PARTICIPATING TEAMS CAN EFFECTIVELY COMPETE. PRIZE4LIFE OFFERS VARIOUS TOOLS TO HELP SUPPORT COMPETING TEAMS AND THE ALS RESEARCH COMMUNITY AS A WHOLE: THE PRLZE4LIFE-JACKSON LABORATORY MOUSE COLONY AFTER THE LAUNCH OF THE 1M AVI KREMER TREATMENT PRIZE4LIFE (ALS TREATMENT PRIZE) AND TO FACILITATE A DIVERSE POOL OF TEAMS AND ASSIST SOLVERS COMPETING FOR THE ALS TREATMENT PRIZE, PRIZE4LIFE PARTNERED WITH THE JACKSON LABORATORY, A LEADING PROVIDER OF MOUSE MODELS FOR R
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS OF THE SCIENTIFIC COMMUNITY PROVIDE THEIR SERVICE TO REVIEW "PRIZE" ENTRIES TO MAKE RECOMMNEDATIONS TO ENHANCE PROTOCOLS TO FURTHER RESEARCH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GLOBAL ALS COLLABORATION: ALS OBSERVES NO GEOGRAPHIC BOUNDARIES AND NEITHER DOES PRIZE4LIFE. PRIZE4LIFE VALUES THE SHARING OF IDEAS, INFORMATION, AND KNOWLEDGE AMONG A WIDE VARIETY OF RESEARCH SECTORS AROUND THE GLOBE AS WELL AS WITHIN THE ORGANIZATION ITSELF. PRIZE4LIFE IS COMMITTED TO FACILITATING COLLABORATION AS AN EFFECTIVE MEANS TO THE FULFILLMENT OF ITS MISSION. EFFICIENCY/LEVERAGE: ALS PATIENTS DESERVE A CURE TODAY AND WE HOPE TO FIND IT FOR THEM, WORKING QUICKLY AND WITHOUT WASTE OF TIME OR RESOURCES. WE IDENTIFY AND PARTNER TO DEVELOP THE NECESSARY MISSING TOOLS, RESOURCES, AND PROJECTS THAT WILL TRANSFORM THE ALS DRUG DEVELOPMENT LANDSCAPE. WE PROACTIVELY SEEK TO LEARN WHERE OTHER ALS-RELATED ORGANIZATIONS ARE FOCUSING THEIR EFFORTS IN ORDER TO AVOID CREATING REDUNDANCIES. THE PRIZES IN NOVEMBER 2006, PRIZE4LIFE LAUNCHED ITS FIRST PRIZE CHALLENGE, A 1 MILLION AWARD TO BE GIVEN FOR THE DISCOVERY OF A CLINICALLY RELEVANT BIOMARKER FOR ALS THAT COULD EASILY AND EFFECTIVELY TRACK DISEASE PROGRESSION. IN MAY 2007, WITH A 75,000 DONATION FROM THE KRAFT FAMILY, PRIZE4LIFE AWARDED FIVE THOUGHT PRIZES OF 15,000 EACH TO TEAMS WHO PROPOSED THE BEST THEORETICAL SOLUTIONS FOR DISCOVERING A BIOMARKER FOR ALS. WE CONTINUED TO WORK TOWARDS AWARDING THE 1 M BIOMARKER PRIZE AND SET A SUBMISSION DEADLINE OF NOVEMBER 6, 2008. PRIZE4LIFE RECEIVED 12 SUBMISSIONS FROM 7 DIFFERENT COUNTRIES. IN 2009, PRIZE4LIFE AWARDED TWO SUBMISSIONS PRIZES OF 50,000 EACH TO RECOGNIZE THE PROGRESS AND POTENTIAL OF THEIR WORK. THE 1 MILLION PRIZE WAS RE-OPENED WITH A ROLLING DEADLINE ENDING MAY 2011, AND WAS ULTIMATELY AWARDED TO DR. SEWARD RUTKOVE IN FEBRUARY OF 2011 FOR THE DEVELOPMENT OF A BIOMARKER THAT UTILIZED ELECTRICAL IMPEDANCE MYOGRAPHY. IN OCTOBER 2008, PRIZE4LIFE LAUNCHED ITS SECOND MAJOR PRIZE: A 1 MILLION AWARD FOR A THERAPY THAT RELIABLY AND EFFECTIVELY EXTENDS THE LIFE OF ALS MICE BY 25%. NAMED AFTER PRIZE4LIFE'S FOUNDER AND CEO AT THE REQUEST OF AN ANONYMOUS DONOR, THE 1 M AVI KREMER ALS TREATMENT PRIZE HAD A ROLLING DEADLINE, WHICH WAS CLOSED TO SUBMISSIONS ON OCTOBER 15, 2010. PRIZE4LIFE RECEIVED 13 SUBMISSIONS FROM 4 COUNTRIES. IN 2012 PRIZE4LIFE RE-IAUNCHED THE 1M AVI KREMER ALS TREATMENT PRIZE4LIFE, AND BY 2014 THERE WERE 14 INDUSTRY AND 20 ACADEMIC TEAMS PARTICIPATING IN THE PRIZE COMPETITION. IN ADDITION, IN 2012 PRIZE4LIFE LAUNCHED THE ALS PREDICTION PRIZE FOR AN ALGORITHM CAPABLE OF IMPROVING CLINICIAN'S ABILITY TO PREDICT A GIVEN PATIENT'S DISEASE PROGRESSION. OVER 1000 TEAMS COMPETED FOR THIS PRIZE AND 3 TEAMS WERE AWARDED 50K IN PRIZES IN OCTOBER 2012. THE RESULTS OF THE PRIZE WERE PUBLISHED IN NATURE BIOTECHNOLOGY IN 2014, AND ONE OF THE WINNING TEAMS HAS LAUNCHED A STARTUP COMPANY TO FURTHER DEVELOP THEIR AWARD-WINNING APPROACH FOR ALS AND OTHER DISEASES. OTHER PROGRAMS: WHILE PRIZES ARE THE VISIBLE CORE OF OUR RESULTS-ORIENTED MODEL, WE ARE ALSO CONSCIOUS OF THE NEED TO CREATE A VIBRANT AND SUPPORTIVE ARENA IN WHICH OUR PARTICIPATING TEAMS CAN EFFECTIVELY COMPETE. PRIZE4LIFE OFFERS VARIOUS TOOLS TO HELP SUPPORT COMPETING TEAMS AND THE ALS RESEARCH COMMUNITY AS A WHOLE: THE PRLZE4LIFE-JACKSON LABORATORY MOUSE COLONY AFTER THE LAUNCH OF THE 1M AVI KREMER TREATMENT PRIZE4LIFE (ALS TREATMENT PRIZE) AND TO FACILITATE A DIVERSE POOL OF TEAMS AND ASSIST SOLVERS COMPETING FOR THE ALS TREATMENT PRIZE, PRIZE4LIFE PARTNERED WITH THE JACKSON LABORATORY, A LEADING PROVIDER OF MOUSE MODELS FOR RESEARCH, TO BUILD A MOUSE COLONY TO PROVIDE QUALITY CONTROLLED MICE TO COMPETING LABS FREE OF CHARGE. SINCE THE MOUSE COLONY RE-LAUNCH IN SEPT 2011, THIS RESOURCE HAS ENABLED RESEARCHERS FROM ACADEMIA AND INDUSTRY TO TEST MORE THAN 25 NEW CANDIDATE ALS THERAPIES IN THE SOD1-G93A ALS MOUSE MODEL. THE MOUSE MANUAL TO ENSURE THAT THE OUTCOMES FROM STUDIES USING FREE MOUSE MODELS ARE USEFUL. PRIZE4LIFE WORKED WITH THE JACKSON LABORATORY TO WRITE "WORKING WITH ALS MICE: GUIDELINES FOR PRECLINICAL TESTING & COLONY MANAGEMENT," A DOCUMENT INTENDED TO SHAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S REPRESENTATIVE REVIEWS THE IRS FORM 990 WITH THE ACCOUNTANT AND MAKES A RECOMMENDATION TO THE BOARD TO APPROVE. PRIOR TO THE SUBMISSION ALL BOARD MEMBERS RECEIVE A PDF COPY OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE POLICY STATES: "IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSURE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD REVIEWS COMPENSATION AS PART OF THE ANNUAL BUDGET APPROVAL PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD REVIEWS COMPENSATION AS PART OF THE ANNUAL BUDGET APPROVAL PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST OR VIA THE STATE OF MASSACHUSETTS SECRETARY OF STATE WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SUBCONTRACTED SERVICES 226,791 0 0 CONSULTANT 0 21,359 0
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