Civic Intelligence

Targetcancer Foundation Inc.

990 • Fiscal year 2021 • EIN 26-4510094

Feb 01, 2020 to Jan 31, 2021 • Filed on Dec 14, 2021

955 Massachusetts Avenue No 343Cambridge, MA 02139

(617) 765-4881

Siviq Scores

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

Liabilities / Assets

29th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

15th percentile

-13%

Higher net margin than 15% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

91st percentile

$118,760

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 22.7% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

9th percentile

-14%

Faster asset growth than 9% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

13th percentile

-27%

Faster revenue growth than 13% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$429,267

Down $70,352 (-14%) from 2020

Net Assets

Down

$429,267

Down $70,352 (-14%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Down

$522,987

Down $190,921 (-27%) from 2020

Expenses

Up

$593,339

Up $135,428 (+30%) from 2020

Net Income

Down

-$70,352

Down $326,349 (-127%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2016: $159,666Liabilities 2016: $0Net Assets 2016: $159,6662016Assets 2017: $247,936Liabilities 2017: $0Net Assets 2017: $247,9362017Assets 2018: $224,111Liabilities 2018: $0Net Assets 2018: $224,1112018Assets 2019: $243,622Liabilities 2019: $0Net Assets 2019: $243,6222019Assets 2020: $499,619Liabilities 2020: $0Net Assets 2020: $499,6192020Assets 2021: $429,267Liabilities 2021: $0Net Assets 2021: $429,2672021Assets 2022: $472,447Liabilities 2022: $0Net Assets 2022: $472,4472022Assets 2023: $645,131Liabilities 2023: $0Net Assets 2023: $645,1312023Assets 2024: $523,908Liabilities 2024: $0Net Assets 2024: $523,9082024Assets 2025: $1,016,178Liabilities 2025: $0Net Assets 2025: $1,016,1782025

Highlighted filing

2021

Assets$429,267
Liabilities$0
Net Assets$429,267

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $365,539Expenses 2016: $285,090Net Income 2016: $80,4492016Revenue 2017: $397,673Expenses 2017: $309,403Net Income 2017: $88,2702017Revenue 2018: $342,978Expenses 2018: $366,803Net Income 2018: -$23,8252018Revenue 2019: $383,824Expenses 2019: $345,981Net Income 2019: $37,8432019Revenue 2020: $713,908Expenses 2020: $457,911Net Income 2020: $255,9972020Revenue 2021: $522,987Expenses 2021: $593,339Net Income 2021: -$70,3522021Revenue 2022: $510,511Expenses 2022: $467,331Net Income 2022: $43,1802022Revenue 2023: $846,106Expenses 2023: $704,653Net Income 2023: $141,4532023Revenue 2024: $676,451Expenses 2024: $797,674Net Income 2024: -$121,2232024Revenue 2025: $1,261,609Expenses 2025: $839,048Net Income 2025: $422,5612025

Highlighted filing

2021

Revenue$522,987
Expenses$593,339
Net Income-$70,352
Jump To
Filing Snapshot
Filing Period
Feb 1, 2020 to Jan 31, 2021
Signed
Dec 14, 2021
Return Version
2020v4.1
Gross Receipts
$522,987
Mission and Program Overview

Mission

TargetCancer Foundation promotes the development of lifesaving treatment protocols for rare cancers. TargetCancer Foundation directly supports initiatives at the forefront of cancer treatment by funding innovative research, fostering collaborations, and raising awareness among scientists, clinicians, and patients.

Support for research into the causes and treatments of rare cancers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$448,282$407,234▼ $41,048
Cash and Non-Interest-Bearing Accounts$51,337$22,033▼ $29,304
Total Assets$499,619$429,267▼ $70,352
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$499,619$429,267▼ $70,352
Total Net Assets Fund Balance$499,619$429,267▼ $70,352
Total Liabilities and Net Assets / Fund Balance$499,619$429,267▼ $70,352
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James M PalmaExecutive DirectorFT$115,460$3,300$118,760
Kristen PalmaPresident/DirectorPT$22,044-$22,044

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Steven YoungResearch Consulting12 Lilac Lane, Weston, CT 06883$123,118
Revenue and Support

Revenue Composition

Contributions and Grants
$522,520
Program Service Revenue
$0
Investment Income
$467
Other Revenue
$0
All Other Contributions
$486,220
Change in Net Assets
$-70,352

Audited Revenue Reconciliation

Revenue per Audited Statements
$522,987
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$522,987
Total Revenue per Form 990
$522,987
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$254,029
Salaries, Compensation, and Employee Benefits$214,310
Grants and Similar Amounts Paid$125,000
Total Fundraising Expense$62,571
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$156,474$7,899$14,450$178,823
Current Officers, Directors, Trustees, and Key Employees$84,632$35,263$21,158$141,053
Grants to Domestic Orgs$125,000--$125,000
Other Salaries and Wages$34,817$14,507$8,704$58,028
Occupancy$11,412$4,389$1,756$17,557
Office Expenses$5,607$5,155$5,025$15,787
Information Technology$15,305--$15,305
Payroll Taxes$9,138$3,807$2,284$15,229
Fees for Services Accounting-$10,084-$10,084
Insurance$3,137$3,137$3,137$9,411
Advertising--$6,057$6,057
Travel-$576-$576
Conferences and Meetings$319$110-$429
Total Functional Expenses$445,841$84,927$62,571$593,339

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$597,874
Expenses per Audited Statements$593,339
Total Expenses per Form 990$593,339
Expenses Not Reported on Form 990$4,535
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Massachusetts General Hospital Cancer CenterBoston, MA501(c)(3)To support laboratory research of cholangiocarcinoma$125,000
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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 A, line 2

Kristen Palma, President/Director, and James Palma, Executive Director, have a family relationship.

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

The original annual Form 990 (along with a copy for them to retain for their records), as prepared by an independent public accounting firm, is submitted to the President, Kristen Palma, for her review and signature prior to filing with the IRS. At that same time, a copy of Form 990 is also provided to the Executive Director, James Palma, for his review so any comments, questions, or concerns he may have can be raised before the original signed form is filed.

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

In accordance with Articles VI and VII of the Organization's bylaws, annual statements and periodic reviews are conducted to ensure compliance with the conflict of interest policy.

Form 990, Part VI, Section B, line 15A

Independent members of the board of directors review and approve the annual salary of the Executive Director and all other employees of the organization based on comparable salaries of similarly situated persons performing similar duties of similar size non-profit organizations.

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
TargetCancer Foundation Inc
EIN
26-4510094
Phone
6177654881
Address
955 Massachusetts Avenue No 343, Cambridge, MA 02139

Signing Officer

Name
James Palma
Title
Executive Director
Phone
6177654881
Signed
2021-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Palma
Formed
2009
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
9
Employees
3
Volunteers
25

Preparer

Firm
Baker Newman & Noyes
Address
PO Box 507, Portland, ME 04112
Preparer
Nicholas E Porto
Phone
2078792100
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 2

In 2020, TargetCancer Foundation launched a new rare cancer clinical trial called TCF-001 TRACK (Target Rare Cancer Knowledge). TRACK is a 400-patient clinical trial studying genomics and precision medicine in rare cancers. TRACK is developed, sponsored and managed by TargetCancer Foundation, and is currently enrolling patients with rare cancers and cancer of unknown primary.

Form 990, Part IX, line 11G

Consultancy: Program service expenses 156,474. Management and general expenses 0. Fundraising expenses 0. Total expenses 156,474. Administrative Services: Program service expenses 0. Management and general expenses 7,899. Fundraising expenses 0. Total expenses 7,899. Fundraising Services: Program service expenses 0. Management and general expenses 0. Fundraising expenses 14,450. Total expenses 14,450.

Form 990, Part XII, Line 2C:

The Organization's board of directors is charged with oversight of the audit process.

Financial Statement Notes

Part X, Line 2:

The Foundation is qualified under the provisions of Section 501(c)(3) of the Internal Revenue Code and is exempt from federal and state income taxes. Accordingly, there is no provision for income taxes within the financial statements. Tax-exempt organizations could be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items including unrelated business income or tax status. Under guidance issued by the Financial Accounting Standards Board (FASB), assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. Estimated interest and penalties, if applicable, related to uncertain tax positions are included as a component of income tax expense. The Foundation has evaluated the position taken on its filed tax returns. It has not taken, nor does it expect to take any uncertain tax positions in any income tax return.

Part XII, Line 2D - Other Adjustments:

Accrual to Cash Adjustment For Expenses 4,535.

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IRS990/Desc0The specific purposes of the Organization are to raise awareness of and support for research into rare cancers, and to directly support patients and families facing rare cancers. This was accomplished in the fiscal year through the development and launch of a new clinical trial, by providing research grants, and through other programs. In 2020, TargetCancer Foundation launched a new rare cancer clinical trial called TCF-001 TRACK (Target Rare Cancer Knowledge). TRACK is a 400-patient clinical trial studying genomics and precision medicine in rare cancers. TRACK is developed, sponsored and managed by TargetCancer Foundation, and is currently enrolling patients with rare cancers and cancer of unknown primary.In addition, TargetCancer Foundation provided $75,000 to support Dr. Nabeel Bardeesy's cholangiocarcinoma research at the Massachusetts General Hospital Cancer Center, representing the second payment of a $240,000 grant. Spanning over a decade, TargetCancer Foundation support of the Bardeesy lab has totaled over $1 million, creating a comprehensive cholangiocarcinoma research program, with a specific focus on the development of a public cholangiocarcinoma cell line repository. An additional grant of $50,000 was provided to Dr. Liron Bar-Peled at the Massachusetts General Hospital Cancer Center in support of his cholangiocarcinoma research. This grant was coordinated through The Evan Schumacher Fund for Rare Cancer Research at TargetCancer Foundation. In November 2020, TargetCancer Foundation held the 4th Think Tank on Advancing Gastroesophageal Cancer Research, an international virtual scientific meeting that united over 100 leading clinicians and scientists. This unique meeting is specifically designed to promote collaboration, information-sharing and idea generation in an effort to define research priorities, foster new collaborative efforts across institutions, and ultimately propel the field of gastroesophageal cancer research forward.
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08704
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt014507
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt034817
IRS990/OtherSalariesAndWagesGrp/TotalAmt058028
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02284
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03807
IRS990/PayrollTaxesGrp/ProgramServicesAmt09138
IRS990/PayrollTaxesGrp/TotalAmt015229
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0James Palma
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0657046
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt092500
IRS990/PYInvestmentIncomeAmt0488
IRS990/PYOtherExpensesAmt0172486
IRS990/PYOtherRevenueAmt023374
IRS990/PYProgramServiceRevenueAmt033000
IRS990/PYRevenuesLessExpensesAmt0255997
IRS990/PYSalariesCompEmpBnftPaidAmt0192925
IRS990/PYTotalExpensesAmt0457911
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0713908
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-70352
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0448282
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0407234
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0522520
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0657046
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0383559
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0284540
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0255768
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02103433
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0467
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0488
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0265
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0358
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0348
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01926
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt033000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt023374
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt058080
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0141557
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0223011
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.82730
IRS990ScheduleA/PublicSupportPY170Pct00.77400
IRS990ScheduleA/PublicSupportTotal170Amt01926196
IRS990ScheduleA/SubstantialContributorsTotAmt0177237
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0522520
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0657046
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0383559
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0284540
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0255768
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02103433
IRS990ScheduleA/TotalSupportAmt02328370
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/ExpensesNotReportedAmt04535
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0593339
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt04535
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0522987
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation is qualified under the provisions of Section 501(c)(3) of the Internal Revenue Code and is exempt from federal and state income taxes. Accordingly, there is no provision for income taxes within the financial statements. Tax-exempt organizations could be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items including unrelated business income or tax status. Under guidance issued by the Financial Accounting Standards Board (FASB), assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. Estimated interest and penalties, if applicable, related to uncertain tax positions are included as a component of income tax expense. The Foundation has evaluated the position taken on its filed tax returns. It has not taken, nor does it expect to take any uncertain tax positions in any income tax return.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Accrual to Cash Adjustment For Expenses 4,535.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0593339
IRS990ScheduleD/TotalRevenuePerForm990Amt0522987
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0522987
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0597874
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0125000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To support laboratory research of cholangiocarcinoma
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Massachusetts General Hospital Cancer Center
IRS990ScheduleI/RecipientTable/RecipientEIN0041564655
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt055 Fruit Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Boston
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002114
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Foundation only awards organizational grants to 501(c)(3) public charities conducting cancer research.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0In 2020, TargetCancer Foundation launched a new rare cancer clinical trial called TCF-001 TRACK (Target Rare Cancer Knowledge). TRACK is a 400-patient clinical trial studying genomics and precision medicine in rare cancers. TRACK is developed, sponsored and managed by TargetCancer Foundation, and is currently enrolling patients with rare cancers and cancer of unknown primary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Kristen Palma, President/Director, and James Palma, Executive Director, have a family relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The original annual Form 990 (along with a copy for them to retain for their records), as prepared by an independent public accounting firm, is submitted to the President, Kristen Palma, for her review and signature prior to filing with the IRS. At that same time, a copy of Form 990 is also provided to the Executive Director, James Palma, for his review so any comments, questions, or concerns he may have can be raised before the original signed form is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3In accordance with Articles VI and VII of the Organization's bylaws, annual statements and periodic reviews are conducted to ensure compliance with the conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Independent members of the board of directors review and approve the annual salary of the Executive Director and all other employees of the organization based on comparable salaries of similarly situated persons performing similar duties of similar size non-profit organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Consultancy: Program service expenses 156,474. Management and general expenses 0. Fundraising expenses 0. Total expenses 156,474. Administrative Services: Program service expenses 0. Management and general expenses 7,899. Fundraising expenses 0. Total expenses 7,899. Fundraising Services: Program service expenses 0. Management and general expenses 0. Fundraising expenses 14,450. Total expenses 14,450.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The Organization's board of directors is charged with oversight of the audit process.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0499619
IRS990/TotalAssetsEOYAmt0429267
IRS990/TotalAssetsGrp/BOYAmt0499619
IRS990/TotalAssetsGrp/EOYAmt0429267
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0522520
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt062571
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt084927
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0445841
IRS990/TotalFunctionalExpensesGrp/TotalAmt0593339
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0499619
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0429267
IRS990/TotalOtherCompensationAmt03300
IRS990/TotalProgramServiceExpensesAmt0445841
IRS990/TotalReportableCompFromOrgAmt0137504
IRS990/TotalRevenueGrp/ExclusionAmt0467
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0522987
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0499619
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0429267
IRS990/TotReportableCompRltdOrgAmt00

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