Civic Intelligence

Cure CMD Inc.

990 • Fiscal year 2020 • EIN 26-2640975

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 16, 2021

3217 East Carson Street 1014Lakewood, CA 90712-4006

(913) 522-6993

Siviq Scores

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

Liabilities / Assets

78th percentile

0.34x

Higher debt load relative to assets than 78% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

79th percentile

0.35x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

24th percentile

-9.8%

Higher net margin than 24% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

80th percentile

$77,942

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$783,847

No earlier filing loaded for comparison.

Net Assets

$514,050

No earlier filing loaded for comparison.

Liabilities

$269,797

No earlier filing loaded for comparison.

Revenue

$779,559

No earlier filing loaded for comparison.

Expenses

$855,610

No earlier filing loaded for comparison.

Net Income

-$76,051

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2020: $783,847Liabilities 2020: $269,797Net Assets 2020: $514,0502020Assets 2021: $883,165Liabilities 2021: $173,140Net Assets 2021: $710,0252021Assets 2022: $848,970Liabilities 2022: $577,044Net Assets 2022: $271,9262022Assets 2023: $546,128Liabilities 2023: $306,195Net Assets 2023: $239,9332023Assets 2024: $508,508Liabilities 2024: $33,793Net Assets 2024: $474,7152024

Highlighted filing

2020

Assets$783,847
Liabilities$269,797
Net Assets$514,050

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2020: $779,559Expenses 2020: $855,610Net Income 2020: -$76,0512020Revenue 2021: $587,488Expenses 2021: $593,976Net Income 2021: -$6,4882021Revenue 2022: $1,065,492Expenses 2022: $1,503,582Net Income 2022: -$438,0902022Revenue 2023: $579,330Expenses 2023: $611,323Net Income 2023: -$31,9932023Revenue 2024: $677,234Expenses 2024: $442,453Net Income 2024: $234,7812024

Highlighted filing

2020

Revenue$779,559
Expenses$855,610
Net Income-$76,051
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 16, 2021
Return Version
2020v4.0
Gross Receipts
$780,643
Mission and Program Overview

Mission

Cure CMDs mission is to advance research toward treatments for the congenital muscular dystrophies and empower those living with CMD through engagement and support of our community.

Cure CMD's mission is to bring research treatments and in the future a cure for Congenital Muscular Dystrophies. Cure CMD will achieve this mission by working globally together with dedicated parents government and research advocates. Cure CMD will find and fund high potential research & clinical trials.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$408,252$664,717▲ $256,465
Cash and Non-Interest-Bearing Accounts$264,451$118,189▼ $146,262
Inventories for Sale or Use$941$941→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$673,644$783,847▲ $110,203
Other Assets Total$0$0→ $0
Liabilities
Grants Payable$82,500$266,250▲ $183,750
Accounts Payable and Accrued Expenses$1,043$3,547▲ $2,504
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$83,543$269,797▲ $186,254
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$590,101$514,050▼ $76,051
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$590,101$514,050▼ $76,051
Total Liabilities and Net Assets / Fund Balance$673,644$783,847▲ $110,203

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleBaseTotal
Rachel AlvarazExecutive Director Secretary$77,942$77,942
Revenue and Support

Revenue Composition

Contributions and Grants
$778,833
Program Service Revenue
$0
Investment Income
$726
Other Revenue
$0
All Other Contributions
$732,494
Change in Net Assets
$-76,051
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$380,014
Salaries, Compensation, and Employee Benefits$341,828
Other Expenses$133,768
Total Fundraising Expense$44,042
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$213,342$26,523$24,020$263,885
Foreign Grants$200,820--$200,820
Office Expenses$82,983$18,814$10,052$111,849
Grants to Domestic Orgs$100,000--$100,000
Grants to Domestic Individuals$79,194--$79,194
Current Officers, Directors, Trustees, and Key Employees$55,847$12,126$9,970$77,943
Advertising$9,960$0$0$9,960
Insurance$0$4,975$0$4,975
Occupancy$0$4,945$0$4,945
Travel$2,039$0$0$2,039
Total Functional Expenses$744,185$67,383$44,042$855,610
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Oregon Health and Science UniversityPortland, OR-Dystroglycanopathy Research$50,000
University of PittsburghPittsburgh, PA-LAMA2 Research$50,000

International Summary

Offices
0
Employees
0
Spending
$200,820

International Compliance

Foreign grant records maintained
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe Including Iceland and GreenlandGrants to recipientsResearch Grants00$200,820
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
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

Part VI, Line 11A

The completed Form 990 will be shared with the organization's Board of Directors.

Part VI, Line 11B

The Treasurer will review the completed 990 with the Executive Committee of the Board of Directors and then ultimately with the full Board of Directors.

Part VI, Line 12C

The organization annually reviews the conflict of interest policy and periodically asks its board members to attest to their adherence to the policy.

Part VI, Line 19

Cure CMD's governing documents including its conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Cure Cmd
EIN
26-2640975
In Care Of
% Patrick May
Phone
9135226993
Address
3217 EAST CARSON STREET 1014, LAKEWOOD, CA 90712-4006

Signing Officer

Name
Patrick May
Title
President
Signed
2021-10-16
Discuss with paid preparer
No

Organization Details

Formed
2008
Legal Domicile
Mn
Voting Board Members
13
Independent Board Members
12
Employees
5
Volunteers
25
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IRS990/MissionDesc0Cure CMD's mission is to bring research treatments and in the future a cure for Congenital Muscular Dystrophies. Cure CMD will achieve this mission by working globally with dedicated parent government and research advocates. By focusing on this mission Cure CMD will find and fund high potential research and clinical trials.
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Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $500k-$1M nonprofits