Civic Intelligence

Grace Science Foundation

990 • Fiscal year 2021 • EIN 46-5727883

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

1142 Crane St 4Menlo Park, CA 94025

(650) 746-4591

Siviq Scores

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

Liabilities / Assets

30th percentile

0.01x

Higher debt load relative to assets than 30% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

31st percentile

0.02x

Higher debt load relative to revenue than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

56th percentile

16%

Higher net margin than 56% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

48th percentile

8.4%

Faster asset growth than 48% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

21st percentile

-8.7%

Faster revenue growth than 21% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$3,128,030

Up $243,524 (+8.4%) from 2020

Net Assets

Up

$3,098,101

Up $213,981 (+7.4%) from 2020

Liabilities

Up

$29,929

Up $29,543 (+7654%) from 2020

Revenue

Down

$1,327,113

Down $127,067 (-8.7%) from 2020

Expenses

Down

$1,113,132

Down $339,769 (-23%) from 2020

Net Income

Up

$213,981

Up $212,702 (+16630%) from 2020

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 2014: $603,778Liabilities 2014: $0Net Assets 2014: $603,7782014Assets 2015: $1,605,814Liabilities 2015: $0Net Assets 2015: $1,605,8142015Assets 2016: $1,336,131Liabilities 2016: $0Net Assets 2016: $1,336,1312016Assets 2017: $2,109,224Liabilities 2017: $16,500Net Assets 2017: $2,092,7242017Assets 2018: $2,196,374Liabilities 2018: $0Net Assets 2018: $2,196,3742018Assets 2019: $2,889,615Liabilities 2019: $2,201Net Assets 2019: $2,887,4142019Assets 2020: $2,884,506Liabilities 2020: $386Net Assets 2020: $2,884,1202020Assets 2021: $3,128,030Liabilities 2021: $29,929Net Assets 2021: $3,098,1012021Assets 2022: $3,183,591Liabilities 2022: $51,224Net Assets 2022: $3,132,3672022Assets 2023: $2,790,274Liabilities 2023: $42,997Net Assets 2023: $2,747,2772023Assets 2024: $2,224,370Liabilities 2024: $1,004Net Assets 2024: $2,223,3662024

Highlighted filing

2021

Assets$3,128,030
Liabilities$29,929
Net Assets$3,098,101

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2014: $664,490Expenses 2014: $60,712Net Income 2014: $603,7782014Revenue 2015: $1,560,381Expenses 2015: $558,345Net Income 2015: $1,002,0362015Revenue 2016: $600,124Expenses 2016: $869,807Net Income 2016: -$269,6832016Revenue 2017: $1,677,107Expenses 2017: $920,514Net Income 2017: $756,5932017Revenue 2018: $1,199,988Expenses 2018: $1,074,064Net Income 2018: $125,9242018Revenue 2019: $1,561,302Expenses 2019: $839,395Net Income 2019: $721,9072019Revenue 2020: $1,454,180Expenses 2020: $1,452,901Net Income 2020: $1,2792020Revenue 2021: $1,327,113Expenses 2021: $1,113,132Net Income 2021: $213,9812021Revenue 2022: $1,236,228Expenses 2022: $1,218,482Net Income 2022: $17,7462022Revenue 2023: $826,626Expenses 2023: $1,289,174Net Income 2023: -$462,5482023Revenue 2024: $943,011Expenses 2024: $1,519,386Net Income 2024: -$576,3752024

Highlighted filing

2021

Revenue$1,327,113
Expenses$1,113,132
Net Income$213,981
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$1,327,113
Mission and Program Overview

Mission

The mission of the foundation is to support and fund the development of life-saving treatment for patients that are deficient in the n-glycanese enzyme and those suffering from related genetic diseases. The activities of the foundation will involve providing grant funding to hospitals and medical research facilities which are conducting medical research in various fields relating to the search for understanding and treatment of this condition, and fostering collaboration between academia, research institutions, hospitals, private companies, and governmental agencies.

The mission of the foundation is to support and fund the development of life-saving treatment for

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$0$2,745,587▲ $2,745,587
Cash and Non-Interest-Bearing Accounts$2,884,506$381,790▼ $2,502,716
Prepaid Expenses and Deferred Charges$0$653▲ $653
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
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,884,506$3,128,030▲ $243,524
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$386$29,929▲ $29,543
Grants Payable$0$0→ $0
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$386$29,929▲ $29,543
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,884,120$3,098,101▲ $213,981
Total Liabilities and Net Assets / Fund Balance$2,884,506$3,128,030▲ $243,524
Compensation and Service Providers

Board Members and Trustees

NameTitle
Matthew WilseyPresident
Chelsea ClintonDirector
Elle StephensDirector
J Taylor CrandallDirector
Pete BrigerDirector
Egon DurbanChief Financial Officer
Ken DrazanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,325,647
Program Service Revenue
$0
Investment Income
$1,466
Other Revenue
$0
All Other Contributions
$1,325,647
Change in Net Assets
$213,981
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$885,550
Other Expenses$227,582
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$885,550--$885,550
Fees for Services Other-$116,829-$116,829
Fees for Services Legal-$50,548$0$50,548
Travel-$39,267$0$39,267
Fees for Services Accounting-$6,618$0$6,618
Other Expenses-$3,915$0$3,915
Office Expenses-$2,565$0$2,565
Advertising-$1,891$0$1,891
Insurance-$327$0$327
Total Functional Expenses$885,550$227,582$0$1,113,132
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Stanford UniversityRedwood City, CA-NGLY1 Natural History Study Ruzhnikov lab$262,743
New York Stem Cell Foundation IncNew York, NY-Ngly1$157,500
University of Texas SouthwesternDallas, TX-NGLY1 Yan Lab$141,560
Stanford UniversityPalo Alto, CA-NGLY1 Dixon & Bertozzi labs$83,880
Massachusetts General HospitalBoston, MA-NGLY1 Ruvkun lab$51,303
Baylor College of MedicineHouston, TX-NGLY1 Jafar-Nejad Lab$50,734
Hilltop Lab Animals IncScottdale, PA-Ngly1$35,290
The University of Massachusetts Medical SchoolWorcester, MA-NGLY1 Gao and Wang labs$32,525
The Regent of the University of CaliforniaOakland, CA-NGLY1 Cortopassi lab$25,000
Virginia Commonwealth University FoundationRichmond, VA-Ngly1$18,027
Stanford UniversityPalo Alto, CA-Ngly1$13,729
Charles River Laboratories International IncWilmington, MA-Ngly1$6,274
TransnetyxCordova, TN-Ngly1$6,265
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
No
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
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
Filing and Contact Details

Filer

Filer Name
Grace Science Foundation
EIN
46-5727883
In Care Of
% GRACE SCIENCE FOUNDATION
Phone
6507464591
Address
1142 CRANE ST 4, MENLO PARK, CA 94025

Signing Officer

Name
Matthew R Wilsey
Title
President
Phone
6507464591
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew R Wilsey
Formed
2014
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Withumsmithbrownpc
Address
601 CALIFORNIA STREET SUITE 1800, SAN FRANCISCO, CA 94108
Preparer
Rebecca Stidham
Phone
4154343744
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

The mission of the foundation is to support and fund the development of life-saving treatment for patients that are deficient in the n-glycanese enzyme and those suffering from related genetic diseases. The activities of the foundation will involve providing grant funding to hospitals and medical research facilities which are conducting medical research in various fields relating to the search for understanding and treatment of this condition, and fostering collaboration between academia, research institutions, hospitals, private companies, and governmental agencies.

Form 990, Part III, Line 4D, Other Program Services

Stanford University (Dixon and Bertozzi laboratories) Team has characterized the role of ferroptosis, a form of cell death associated with oxidative stress, in the pathologies associated with NGLY1 deficiency. This study has established that loss of NGLY1 or its substrate NFE2L1 sensitizes cells to ferroptosis, and this ferroptosis sensitivity can be reversed by expression of an activated form of NFE2L1 mimicking that generated by NGLY1-catalyzed protein modification. These studies may help explain the causes of cell dysfunction and loss in NGLY1 Deficiency and suggest potential targets for candidate therapy development. EXPENSES $83,880. INCLUDING GRANTS OF $83,880. REVENUE $0.

Form 990, Part III, Line 4D, Other Program Services

Baylor College of Medicine (Jafar-Nejad Lab) Team is using genetic and pharmacological approaches to gain insights into pathways regulated by NGLY1 and potential targets for therapy development. This research has uncovered a link between NGLY1 and AMP-regulated kinase (AMPK) a critical cellular energy sensor. AMPK activity is reduced in animal models of NGLY1 Deficiency and in patient cell lines. Restoring AMPK levels or activity by genetic or pharmacological tools restores energy homeostasis in NGLY1 deficient cells and organisms. Team is researching the mechanisms and cellular contexts of AMPK regulation by NGLY1 and testing potential therapies to reverse AMPK-associated pathologies in NGLY1 Deficiency. EXPENSES $50,734. INCLUDING GRANTS OF $50,734. REVENUE $0.

Form 990, Part III, Line 4D, Other Program Services

Massachusetts General Hospital (Ruvkun Lab) Team continued their analysis of the genetic modifiers of proteasome dysfunction that they previously identified in PNG-1 / NGLY1 deficient C. elegans. They have continued to characterize pathways that can be targeted to restore function in NGLY1 deficient animals, insights that could translate into a potential therapy for the disease in humans. They have uncovered links between NGLY1/NFE2L1 and energy homeostasis, protein synthesis, nucleotide levels, and endoplasmic reticulum (ER) stress. These data highlight pathways for therapy development and suggest possible links to more common neurodegenerative diseases. EXPENSES $51,303. INCLUDING GRANTS OF $51,303. REVENUE $0.

Form 990, Part III, Line 4D, Other Program Services

The University of Massachusetts Medical School (Gao and Wang laboratories) Team has imported and characterized a novel mouse model of NGLY1 Deficiency, developed at the University of Texas Southwestern (Program 2 above) for use in complementary studies evaluating AAV-mediated gene therapies for treatment of NGLY1 Deficiency. In this model, the Ngly1 gene is inactivated after birth, which will permit studies that evaluate therapeutic benefit at different times and with different routes of treatment administration. EXPENSES $32,525. INCLUDING GRANTS OF $32,525. REVENUE $0.

Form 990, Part III, Line 4D, Other Program Services

The University of California at Davis (Cortopassi Lab) Team is evaluating the effect of NGLY1 Deficiency on mitochondrial function using patient-derived cellular models. They have imported and characterized NGLY1 patient and control fibroblast cell lines, and demonstrated reduced mitochondrial function and mitochondrial content relative to control lines. Team is evaluating the effect of NFE2L2 activator compounds and other tool compounds known to enhance mitochondrial activity for their ability to rescue NGLY1-dependent mitochondrial deficits. EXPENSES $25,000. INCLUDING GRANTS OF $25,000. REVENUE $0.

Form 990, Part III, Line 4D, Other Program Services

Hilltop Lab Animals, Inc.Team has imported and established a colony of Ngly1 knockout mice for use in testing therapies to treat NGLY1 Deficiency. A breeding colony has been established, and mutant phenotypes have been characterized. Work has begun to use these model systems to test drug candidates for their ability to rescue NGLY1 Deficiency-associated neurological symptoms and establish a framework for eventual human clinical trials. EXPENSES $35,290. INCLUDING GRANTS OF $35,290. REVENUE $0.

Form 990 Part IX Line 11G

Description:consulting total fees:116829

Raw XML AppendixShowing 400 of 594 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/MissionDesc0THE MISSION OF THE FOUNDATION IS TO SUPPORT AND FUND THE DEVELOPMENT OF LIFE-SAVING TREATMENT FOR PATIENTS THAT ARE DEFICIENT IN THE N-GLYCANESE ENZYME AND THOSE SUFFERING FROM RELATED GENETIC DISEASES. THE ACTIVITIES OF THE FOUNDATION WILL INVOLVE PROVIDING GRANT FUNDING
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IRS990/PrincipalOfficerNm0MATTHEW R WILSEY
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IRS990/ProgSrvcAccomActy2Grp/Desc0University of Texas Southwestern (Yan Lab) Team has been generating and characterizing several mouse models of NGLY1 Deficiency, including models in which the gene is inactivated in certain tissues and conditionally after birth. These mouse models have allowed them to characterize neurological phenotypes, neuropathological changes, inflammation, sensory and motor defects, and disease associated biomarkers. These animal models provide insights into the specific defects that result from NGLY1 loss and establish a foundation for testing candidate therapies, including gene therapies and small molecule drugs. The team has also found that NGLY1 Deficiency in mice triggers a specific innate immune pathway mediated by the cGAS/STING pathway. Using genetic and pharmacological approaches, the team has uncovered three different targets that can be modulated to reduce disease associated phenotypes and improve survival.
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IRS990/ProgSrvcAccomActy3Grp/Desc0The New York Stem Cell Foundation (NYSCF) Team has developed and validated four additional patient-derived induced pluripotent stem cell (iPSC) lines to complement and expand human cell models of NGLY1 Deficiency. CRISPR-mediated genome editing was used to produce isogenic control lines to establish disease-specific characteristics. Team has further used these iPSC lines to generate human neuronal models of NGLY1 Deficiency and has begun to characterize NGLY1-dependent neuronal phenotypes including changes in cellular architecture, mitochondrial function, intracellular aggregates, neuronal activity, and patterns of gene expression. These models will be leveraged for testing potential therapies to reverse pathologies associated with NGLY1 Deficiency.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0Stanford University (Dixon and Bertozzi labs)
IRS990/ProgSrvcAccomActyOtherGrp/Desc1Baylor College of Medicine (Jafar-Nejad Lab)
IRS990/ProgSrvcAccomActyOtherGrp/Desc2Massachusetts General Hospital (Ruvkun Lab)
IRS990/ProgSrvcAccomActyOtherGrp/Desc3Univ. of MA Medical School (Gao and Wang Lab)
IRS990/ProgSrvcAccomActyOtherGrp/Desc4The University of CA at Davis (Cortopassi Lab)
IRS990/ProgSrvcAccomActyOtherGrp/Desc5HILLTOP LAB ANIMALS, INC.
IRS990/ProgSrvcAccomActyOtherGrp/Desc6CHARLES RIVER LABORATORIES
IRS990/ProgSrvcAccomActyOtherGrp/Desc7VIRGINIA COMMONWEALTH UNIVERSITY
IRS990/ProgSrvcAccomActyOtherGrp/Desc8STANFORD UNIVERSITY
IRS990/ProgSrvcAccomActyOtherGrp/Desc9THE JACKSON LABORATORY
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IRS990/ProgSrvcAccomActyOtherGrp/Desc11KINSALE HOLDING
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