Civic Intelligence

Grace Science Foundation

990 • Fiscal year 2022 • EIN 46-5727883

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 16, 2023

873 Santa Cruz Avenue Suite 200Menlo Park, CA 94025

(650) 746-4591

Siviq Scores

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

Liabilities / Assets

34th percentile

0.02x

Higher debt load relative to assets than 34% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

39th percentile

0.04x

Higher debt load relative to revenue than 39% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

39th percentile

1.4%

Higher net margin than 39% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

51st percentile

1.8%

Faster asset growth than 51% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

30th percentile

-6.8%

Faster revenue growth than 30% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$3,183,591

Up $55,561 (+1.8%) from 2021

Net Assets

Up

$3,132,367

Up $34,266 (+1.1%) from 2021

Liabilities

Up

$51,224

Up $21,295 (+71%) from 2021

Revenue

Down

$1,236,228

Down $90,885 (-6.8%) from 2021

Expenses

Up

$1,218,482

Up $105,350 (+9.5%) from 2021

Net Income

Down

$17,746

Down $196,235 (-92%) from 2021

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

2022

Assets$3,183,591
Liabilities$51,224
Net Assets$3,132,367

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

2022

Revenue$1,236,228
Expenses$1,218,482
Net Income$17,746
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 16, 2023
Return Version
2022v5.0
Gross Receipts
$1,236,228
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.

SEE PART III LINE 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,745,587$2,996,735▲ $251,148
Cash and Non-Interest-Bearing Accounts$381,790$186,218▼ $195,572
Prepaid Expenses and Deferred Charges$653$638▼ $15
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$3,128,030$3,183,591▲ $55,561
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$29,929$51,224▲ $21,295
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$29,929$51,224▲ $21,295
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,098,101$3,132,367▲ $34,266
Total Liabilities and Net Assets / Fund Balance$3,128,030$3,183,591▲ $55,561
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

Highest Paid Contractors

ContractorServicesLocationCompensation
Kevin LeeConsulting415 CENTRAL PARK WEST 7D, New York, NY 10025$101,332
Revenue and Support

Revenue Composition

Contributions and Grants
$1,206,450
Program Service Revenue
$0
Investment Income
$29,778
Other Revenue
$0
All Other Contributions
$1,206,450
Change in Net Assets
$17,746
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$967,948
Other Expenses$250,534
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$967,948--$967,948
Fees for Services Other-$139,219-$139,219
Travel-$61,828-$61,828
Fees for Services Accounting-$12,600-$12,600
Fees for Services Legal-$11,298-$11,298
Advertising-$8,041-$8,041
Other Expenses-$4,904-$4,904
Office Expenses-$2,395-$2,395
Information Technology-$1,597-$1,597
Insurance-$970-$970
Conferences and Meetings-$791-$791
Total Functional Expenses$967,948$250,534$0$1,218,482
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Charles River LaboratoriesWilmington, MA-Ngly1$298,348
CalibrLa Jolla, CA-Ngly1 (bollong Lab)$133,374
The T David Gladstone InstituteSan Francisco, CA-Ngly1 (finkbeiner Lab)$132,178
The University of Texas Southwestern Medical CenteDallas, TX-Ngly1 (yan Lab)$114,390
New York Stem Cell Foundation IncNew York, NY-Ngly1$55,000
BOSTON CHILDREN'S HOSPITALBoston, MA-Ngly1 (yu Lab)$49,110
Albert Einstein College of MedicineBronx, NY-Ngly1 (kaushik Lab)$48,500
Hilltop Lab Animals IncScottdale, PA-Ngly1$37,934
Baylor College of MedicineHouston, TX-Ngly1 (jafar-nejad Lab)$25,367
Purdue UniversityWest Lafayette, IN-Ngly1$23,872
University of HoustonHouston, TX-Ngly1$16,998
The Regents of the University of CaliforniaOakland, CA-Ngly1$12,500
Qiagen LLCGermantown, MD-Ngly1$8,552
TransnetyxCordova, TN-Ngly1$5,098
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

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 2:

The president of the foundation has immaterial ownership interest, in the ivnestments of fortress and silverlake, which are managed by two of the directors.

FORM 990, PART VI, SECTION A, LINE 7A:

The president of the foundation has authority to elect one or more members of the governing body.

FORM 990, PART VI, SECTION A, LINE 8A:

The governing body of the foundation did not meet during the year.

FORM 990, PART VI, SECTION A, LINE 8B:

The foundation does not have any committees.

FORM 990, PART VI, SECTION B, LINE 11B:

Prior to filing form 990, the foundation's president will review the form.

FORM 990, PART VI, SECTION C, LINE 18:

AVAILABLE UPON REQUEST.

FORM 990, PART VI, SECTION C, LINE 19:

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Grace Science Foundation
EIN
46-5727883
In Care Of
% GRACE SCIENCE FOUNDATION
Phone
6507464591
Address
873 SANTA CRUZ AVENUE SUITE 200, MENLO PARK, CA 94025

Signing Officer

Name
Matthew R Wilsey
Title
President
Phone
6507464591
Signed
2023-11-16
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 4D, Other Program Services

THE UNIVERISTY OF TEXAS SOUTHWESTERN MEDICAL CENTER (YAN LAB) Team continues work 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 including neuronal loss, neuropathological changes, inflammation, sensory and motor defects, and disease associated biomarkers, all of which are also observed in NGLY1 Deficiency patients These animal models provide 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. suggest potential targets for candidate therapy development. EXPENSES $114,390. INCLUDING GRANTS OF $114,390. REVENUE $0.

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

THE NEW YORK STEM CELL FOUNDATION 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 characterized NGLY1-dependent neuronal phenotypes including changes in cellular architecture, mitochondrial function, intracellular aggregates, neuronal activity, and patterns of gene expression. Team has tested whether these pathologies can be reversed by restoring NGLY1 function or blocking oxidative stress-induced cell death. EXPENSES $55,000. INCLUDING GRANTS OF $55,000. REVENUE $0.

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

THE BOSTON CHILDREN'S HOSPITAL (YU LAB) Team is developing tools and resources to determine whether knockdown of the gene FBXO6 (F-box gene 6) can rescue phenotypic consequences associated with NGLY1 Deficiency. The team established a cellular assay system to test the ability of anti-sense oligonucleotides (ASOs) to knockdown FBXO6 and designed and tested a series of candidate ASOs. The team identified a series of ASOs that inhibit FBXO6 by >75% and initiated studies to assess their activity to block FBXO6 function in cells. These studies set the stage for subsequent research to test rescue of NGLY1-associated phenotypes in cellular and in vivo systems. EXPENSES $49,110. INCLUDING GRANTS OF $49,110. REVENUE $0.

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

THE ALBERT EINSTEIN COLLEGE OF MEDICINE (KAUSHIK LAB) Team is testing the hypothesis that defects in NGLY1 function leads to the impairment of cellular proteostasis pathways that recognize and clear misfolded and aggregated proteins and defective organelles. Using NGLY1 knockout rat and mouse tissues, NGLY1 mutant cell lines, and NGLY1 Deficiency patient fibroblasts, the team has observed significant impairment in macro- and chaperone mediated-autophagy and defects in lysosomal biogenesis. These results highlight the potential of drugs that target the autophagy-lysosome pathway to reverse cellular defects associated with NGLY1 Deficiency. The team has begun evaluating drug-like chemical modulators of the autophagy-lysosomal system for their ability to reduce cellular proteotoxicity in NGLY1 deficiency models. EXPENSES $48,500. INCLUDING GRANTS OF $48,500. REVENUE $0.

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

THE 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. This model system has been used to test drug candidates for their ability to rescue NGLY1 Deficiency-associated neurological symptoms and for genetic studies to test whether blocking other pathways (including FBXO6) has potential to treat NGLY1 Deficiency. EXPENSES $37,934. INCLUDING GRANTS OF $37,934. REVENUE $0.

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

THE BAYLOR COLLEGE OF MEDICINE (JAFAR-NEJAD LAB) Team continues genetic and pharmacological studies 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 $25,367. INCLUDING GRANTS OF $25,367. REVENUE $0.

Form 990 Part IX Line 11G

Description:consulting total fees:139219

Raw XML AppendixShowing 400 of 624 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 TO HOSPITALS AND MEDICAL RESESARCH FACILITIES WHICH ARE CONDUCTING MEDICAL RESEARCH IN VARIOUS FIELDS RELATING TO THE SEARCH FOR UNDERSTNADING AND TREATMENT OF THIS CONDITION, FOSTERING COLLABORATION BETWEEN ACADEMIA, RESEARCH INSTITUTIONS, HOSPITALS, PRIVATE COMPANIES, AND GOVERNMENTAL AGENCIES.
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IRS990/PrincipalOfficerNm0MATTHEW R WILSEY
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IRS990/ProgSrvcAccomActy2Grp/Desc0The Scripps Research Institute (Bollong Lab) Team is testing the ability of small molecule modulators of the transcriptional regulators NRF1 (NFE2L1) and NRF2 (NFE2L2) for the rescue of phenotypic changes associated with NGLY1 Deficiency. The team has identified NRF1 modulating compounds that protect NGLY1 knockout cells from proteasomal stress and has been characterizing their activity. In addition, a potent and selective brain penetrant NRF2 modulating compound has been identified and is being characterized and formulated for in vivo testing. These compounds establish a proof of concept for NGLY1 Deficiency therapy development based on NRF1/2 modulation.
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IRS990/ProgSrvcAccomActy3Grp/Desc0The T. David Gladstone Institute (Finbeiner Lab) Team has imported and is analyzing cellular phenotypes in a neuronal model of NGLY1 Deficiency to define disease mechanisms for the design and testing of candidate therapies. The team has been using robotic microscopy to investigate phenotypic differences in an NGLY1 mutant human neural cell line following differentiation from neural precursor cells to mature neurons. The team is using genetically encoded biosensors to monitor cell viability, mitochondrial shape and dynamics, proteasomal activity, autophagy flux, protein aggregation and NRF1-dependent transcriptional activity. The goal is to identify cellular changes that can be used to assess or screen for candidate drugs that can correct cellular changes caused by NGLY1 Deficiency.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0The University of Texas SW Medical Center (Yan Lab
IRS990/ProgSrvcAccomActyOtherGrp/Desc1The New York Stem Cell Foundation
IRS990/ProgSrvcAccomActyOtherGrp/Desc2Boston's Children's Hospital (Yu Lab)
IRS990/ProgSrvcAccomActyOtherGrp/Desc3Albert Einstein's College of Medicine-Kaushik Lab
IRS990/ProgSrvcAccomActyOtherGrp/Desc4Hilltop Lab Animals, Inc.
IRS990/ProgSrvcAccomActyOtherGrp/Desc5Baylor College of Medicine (Jafar-Nejad Lab)
IRS990/ProgSrvcAccomActyOtherGrp/Desc6Purdue University
IRS990/ProgSrvcAccomActyOtherGrp/Desc7University of Houston
IRS990/ProgSrvcAccomActyOtherGrp/Desc8The Regents of the University of California
IRS990/ProgSrvcAccomActyOtherGrp/Desc9Qiagen, LLC
IRS990/ProgSrvcAccomActyOtherGrp/Desc10Transnetyx
IRS990/ProgSrvcAccomActyOtherGrp/Desc11Genetic Alliance
IRS990/ProgSrvcAccomActyOtherGrp/Desc12BPS Bioscience
IRS990/ProgSrvcAccomActyOtherGrp/Desc13Reveal Bioscience
IRS990/ProgSrvcAccomActyOtherGrp/Desc14The Jackson Laboratory
IRS990/ProgSrvcAccomActyOtherGrp/Desc15Luna PBC, Inc.
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