Civic Intelligence

STEM for Life Foundation

990 • Fiscal year 2014 • EIN 26-1150435

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 20, 2015

420 Lexington Avenue No 350New York, NY 10170

(212) 584-4186

Siviq Scores

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

Liabilities / Assets

79th percentile

0.28x

Higher debt load relative to assets than 79% of similar nonprofits.

2014 filings • NTEE P • <$500k nonprofits • Source year 2014

Liabilities / Revenue

96th percentile

2.17x

Higher debt load relative to revenue than 96% of similar nonprofits.

2014 filings • NTEE P • <$500k nonprofits • Source year 2014

Net Margin

1st percentile

-322%

Higher net margin than 1% of similar nonprofits.

2014 filings • NTEE P • <$500k nonprofits • Source year 2014

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • NTEE P • <$500k nonprofits • Source year 2014

Asset Growth

11th percentile

-42%

Faster asset growth than 11% of similar nonprofits.

2014 filings • NTEE P • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

1st percentile

-98%

Faster revenue growth than 1% of similar nonprofits.

2014 filings • NTEE P • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$231,263

Down $164,659 (-42%) from 2013

Net Assets

Down

$166,758

Down $175,567 (-51%) from 2013

Liabilities

Up

$64,505

Up $10,908 (+20%) from 2013

Revenue

Down

$29,666

Down $1,719,646 (-98%) from 2013

Expenses

Down

$125,206

Down $1,609,374 (-93%) from 2013

Net Income

Down

-$95,540

Down $110,272 (-749%) from 2013

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2012: $330,599Liabilities 2012: $46,534Net Assets 2012: $284,0652012Assets 2013: $395,922Liabilities 2013: $53,597Net Assets 2013: $342,3252013Assets 2014: $231,263Liabilities 2014: $64,505Net Assets 2014: $166,7582014Assets 2015: $2,046,816Liabilities 2015: $71,808Net Assets 2015: $1,975,0082015Assets 2016: $192,316Liabilities 2016: $23,344Net Assets 2016: $168,9722016Assets 2017: $1,772,092Liabilities 2017: $19,985Net Assets 2017: $1,752,1072017Assets 2018: $3,254,423Liabilities 2018: $18,277Net Assets 2018: $3,236,1462018Assets 2019: $3,598,102Liabilities 2019: $67,731Net Assets 2019: $3,530,3712019Assets 2020: $11,758,145Liabilities 2020: $98,713Net Assets 2020: $11,659,4322020Assets 2021: $8,753,811Liabilities 2021: $227,864Net Assets 2021: $8,525,9472021Assets 2024: $207,989Liabilities 2024: $16,171Net Assets 2024: $191,8182024

Highlighted filing

2014

Assets$231,263
Liabilities$64,505
Net Assets$166,758

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2012: $510,5812012Revenue 2013: $1,749,312Expenses 2013: $1,734,580Net Income 2013: $14,7322013Revenue 2014: $29,666Expenses 2014: $125,206Net Income 2014: -$95,5402014Revenue 2015: $2,750,251Expenses 2015: $942,001Net Income 2015: $1,808,2502015Revenue 2016: $1,600,246Expenses 2016: $3,406,470Net Income 2016: -$1,806,2242016Revenue 2017: $2,245,633Expenses 2017: $663,065Net Income 2017: $1,582,5682017Revenue 2018: $7,228,080Expenses 2018: $5,612,999Net Income 2018: $1,615,0812018Revenue 2019: $1,811,007Expenses 2019: $1,253,949Net Income 2019: $557,0582019Revenue 2020: $9,997,585Expenses 2020: $1,866,782Net Income 2020: $8,130,8032020Revenue 2021: $858,424Expenses 2021: $4,150,976Net Income 2021: -$3,292,5522021Revenue 2024: $273,631Expenses 2024: $420,328Net Income 2024: -$146,6972024

Highlighted filing

2014

Revenue$29,666
Expenses$125,206
Net Income-$95,540
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 20, 2015
Return Version
2014v5.0
Gross Receipts
$29,666
Mission and Program Overview

Mission

Cura foundation (f/k/a stem for life foundation) is creating a movement to accelerate development of cell therapies and prevention tools which hold considerable promise to improve human health, increase quality of life, and enhance patient care. The cura foundation and its llcs are firmly committed to advancing cell therapy research and development throughout the world in order to accelerate cures and reduce human suffering.

The mission of the stem for life foundation is to raise public awareness about the therapeutic promise of cell therapy and to support the advancement of cell therapy research and development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$253,493$173,449▼ $80,044
Cash and Non-Interest-Bearing Accounts$134,734--
Savings and Temporary Cash Investments$3,342$31,730▲ $28,388
Pledges and Grants Receivable-$25,000-
Prepaid Expenses and Deferred Charges-$749-
Land, Buildings, and Equipment, Net$4,353$335▼ $4,018
Total Assets$395,922$231,263▼ $164,659
Liabilities
Deferred Revenue$50,912$51,804▲ $892
Accounts Payable and Accrued Expenses$2,685$12,701▲ $10,016
Total Liabilities$53,597$64,505▲ $10,908
Net Assets / Fund Balance
Unrestricted Net Assets$342,325$166,758▼ $175,567
Total Net Assets Fund Balance$342,325$166,758▼ $175,567
Total Liabilities and Net Assets / Fund Balance$395,922$231,263▼ $164,659

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$335$11,720$12,055
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Robin L SmithPresident and Trustee
Catherine M VaczySecretary and Trustee
Dr Max GomezTrustee
Joseph TalamoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$28,944
Program Service Revenue
$0
Investment Income
$22
Other Revenue
$700
All Other Contributions
$28,944
Change in Net Assets
$-95,540

Audited Revenue Reconciliation

Revenue per Audited Statements
$28,773
Revenue Not Reported on Financial Statements
$893
Revenue Not Reported on Form 990
$-55,737
Other Revenue Adjustments
$893
Total Revenue per Audited Statements
$-26,964
Total Revenue per Form 990
$29,666
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$125,206
Total Fundraising Expense$45,512
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$31,942-$31,942$63,884
Fees for Services Accounting-$33,800-$33,800
Travel$5,493--$5,493
Office Expenses-$1,376$3,881$5,257
Depreciation Depletion--$4,018$4,018
Fees for Services Legal-$688$2,742$3,430
Fees for Services Other--$2,929$2,929
Insurance-$2,573-$2,573
Conferences and Meetings$1,079--$1,079
Other Expenses-$893-$893
Total Functional Expenses$38,514$41,180$45,512$125,206

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$148,603
Total Expenses per Form 990$125,206
Expenses per Audited Statements$124,313
Expenses Not Reported on Form 990$24,290
Expenses Not Reported on Financial Statements$893
Other Expense Adjustments$893
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
No
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 11

The form 990 is reviewed by the board and officers of the organization before it is filed with the irs.

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

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 disclose all material facts to the trustess and members of committees with board delegated powers considering the proposed transaction or arrangement.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Stem for Life Foundation
EIN
26-1150435
Phone
2125844186
Address
420 LEXINGTON AVENUE NO 350, NEW YORK, NY 10170

Signing Officer

Name
Dr Robin L Smith
Title
President
Phone
2125844186
Signed
2015-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Robin L Smith
Formed
2007
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Baker Tilly Virchow Krause Llp
Address
125 BAYLIS ROAD, MELVILLE, NY 11747-3823
Preparer
Patrick Yu CPA Partner
Phone
6317527400
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Management has evaluated the foundation's tax positions and concluded that the foundation had not taken any uncertain tax positions that require adjustment to the financial statements to comply with the provisions of financial accounting standards board ("fasb") accounting standards codification ("asc") no. 740. With few exceptions, the foundation is no longer subject to income tax examinations by the u.s federal, state or local tax authorities for the years before 2011, which is the standard statute of limitations look-back period.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Reclass royalty revenue 893.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Reclass royalty revenue 893.

Raw XML Appendix389 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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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012055
IRS990ScheduleD/ExpensesNotReportedAmt024290
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0893
IRS990ScheduleD/ExpensesSubtotalAmt0124313
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-80027
IRS990ScheduleD/OtherExpensesNotIncludedAmt0893
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0893
IRS990ScheduleD/RevenueNotReportedAmt0-55737
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0893
IRS990ScheduleD/RevenueSubtotalAmt028773
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD NOT TAKEN ANY UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") NO. 740. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR THE YEARS BEFORE 2011, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RECLASS ROYALTY REVENUE 893.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RECLASS ROYALTY REVENUE 893.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0335
IRS990ScheduleD/TotalExpensesPerForm990Amt0125206
IRS990ScheduleD/TotalRevenuePerForm990Amt029666
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-26964
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0148603
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE BOARD AND OFFICERS OF THE ORGANIZATION BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN 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 DISCLOSE ALL MATERIAL FACTS TO THE TRUSTESS AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AZ
IRS990/StatesWhereCopyOfReturnIsFldCd1CA
IRS990/StatesWhereCopyOfReturnIsFldCd2CO
IRS990/StatesWhereCopyOfReturnIsFldCd3CT
IRS990/StatesWhereCopyOfReturnIsFldCd4DE
IRS990/StatesWhereCopyOfReturnIsFldCd5FL
IRS990/StatesWhereCopyOfReturnIsFldCd6IL
IRS990/StatesWhereCopyOfReturnIsFldCd7IN
IRS990/StatesWhereCopyOfReturnIsFldCd8LA
IRS990/StatesWhereCopyOfReturnIsFldCd9MD
IRS990/StatesWhereCopyOfReturnIsFldCd10MA
IRS990/StatesWhereCopyOfReturnIsFldCd11MI
IRS990/StatesWhereCopyOfReturnIsFldCd12MN
IRS990/StatesWhereCopyOfReturnIsFldCd13NH
IRS990/StatesWhereCopyOfReturnIsFldCd14NM
IRS990/StatesWhereCopyOfReturnIsFldCd15NY
IRS990/StatesWhereCopyOfReturnIsFldCd16OH
IRS990/StatesWhereCopyOfReturnIsFldCd17PA
IRS990/StatesWhereCopyOfReturnIsFldCd18TX
IRS990/StatesWhereCopyOfReturnIsFldCd19WI
IRS990/StatesWhereCopyOfReturnIsFldCd20NJ
IRS990/StatesWhereCopyOfReturnIsFldCd21OR
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0395922
IRS990/TotalAssetsEOYAmt0231263
IRS990/TotalAssetsGrp/BOYAmt0395922
IRS990/TotalAssetsGrp/EOYAmt0231263
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt028944
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt045512
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt041180
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt038514
IRS990/TotalFunctionalExpensesGrp/TotalAmt0125206
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt053597
IRS990/TotalLiabilitiesEOYAmt064505
IRS990/TotalLiabilitiesGrp/BOYAmt053597
IRS990/TotalLiabilitiesGrp/EOYAmt064505
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0342325
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0166758
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt038514
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt022
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0700
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt029666
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0395922
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0231263
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt05493
IRS990/TravelGrp/TotalAmt05493
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0342325
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0166758
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0420 LEXINGTON AVENUE NO 350
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010170
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.STEMFORLIFE.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DR ROBIN L SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02125844186
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STEM FOR LIFE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0STEM
ReturnHeader/Filer/EIN0261150435
ReturnHeader/Filer/PhoneNum02125844186
ReturnHeader/Filer/USAddress/AddressLine1Txt0420 LEXINGTON AVENUE NO 350
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010170
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390859910
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAKER TILLY VIRCHOW KRAUSE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0125 BAYLIS ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MELVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0117473823
ReturnHeader/PreparerPersonGrp/PhoneNum06317527400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICK YU CPA PARTNER
ReturnHeader/ReturnTs02015-10-21T08:26:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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