Civic Intelligence

Grace Science Foundation

990 • Fiscal year 2023 • EIN 46-5727883

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

42nd percentile

0.05x

Higher debt load relative to revenue than 42% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

6th percentile

-56%

Higher net margin than 6% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

11th percentile

-12%

Faster asset growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

11th percentile

-33%

Faster revenue growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$2,790,274

Down $393,317 (-12%) from 2022

Net Assets

Down

$2,747,277

Down $385,090 (-12%) from 2022

Liabilities

Down

$42,997

Down $8,227 (-16%) from 2022

Revenue

Down

$826,626

Down $409,602 (-33%) from 2022

Expenses

Up

$1,289,174

Up $70,692 (+5.8%) from 2022

Net Income

Down

-$462,548

Down $480,294 (-2706%) from 2022

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

2023

Assets$2,790,274
Liabilities$42,997
Net Assets$2,747,277

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

2023

Revenue$826,626
Expenses$1,289,174
Net Income-$462,548
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$826,626
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$2,996,735$2,437,444▼ $559,291
Cash and Non-Interest-Bearing Accounts$186,218$352,830▲ $166,612
Prepaid Expenses and Deferred Charges$638$0▼ $638
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$3,183,591$2,790,274▼ $393,317
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$51,224$42,997▼ $8,227
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$51,224$42,997▼ $8,227
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,132,367$2,747,277▼ $385,090
Total Liabilities and Net Assets / Fund Balance$3,183,591$2,790,274▼ $393,317
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
$783,225
Program Service Revenue
$0
Investment Income
$43,401
Other Revenue
$0
All Other Contributions
$783,225
Change in Net Assets
$-462,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,133,449
Other Expenses$155,725
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,133,449--$1,133,449
Fees for Services Other-$67,781-$67,781
Travel-$54,269-$54,269
Advertising-$6,867-$6,867
Fees for Services Accounting-$6,581-$6,581
Fees for Services Legal-$3,000-$3,000
Office Expenses-$2,145-$2,145
Insurance-$638-$638
Information Technology-$594-$594
Other Expenses-$220$0$220
Total Functional Expenses$1,133,449$155,725$0$1,289,174
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Charles River LaboratoriesWilmington, MA-Ngly1$307,541
Psychogenics IncParamus, NJ-Ngly1$233,245
Baylor College of MedicineHouston, TX-Ngly1 (jafar-nejad Lab)$152,405
The University of Texas Southwestern Medical CenteDallas, TX-Ngly1 (yan Lab)$138,825
Stanford UniversityPalo Alto, CA-Ngly1$57,518
Purdue UniversityWest Lafayette, IN-Ngly1$47,744
Unc Chapel HillChapel Hill, NC-Ngly1$46,886
CalibrLa Jolla, CA-Ngly1 (bollong Lab)$44,456
Hilltop Lab Animals IncScottdale, PA-Ngly1$41,011
Albert Einstein College of MedicineBronx, NY-Ngly1 (kaushik Lab)$24,250
University of HoustonHouston, TX-Ngly1$9,748
Bioagilytix LabsDurham, NC-Ngly1$8,650
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
2024-11-15
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
6101 BOLLINGER CANYON RD STE 400, SAN RAMON, CA 94583
Preparer
Richard Ruvelson
Phone
9252779100
Supplemental Narrative

Additional Explanations

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

BAYLOR COLLEGE OF MEDICINE 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 $94,084 INCLUDING GRANTS OF $94,084. REVENUE $0.

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

THE UNIVERSITY OF NORTH CAROLINA (HANTMAN LAB) Team has utilized a mouse model on NGLY1 Deficiency to analyze directed movement behavior and identify the affected brain circuits responsible for the movement phenotypes charcateristic of NGLY1 Deficiency. The studies involve training wild type and Ngly1-deficient mice to perform a "reach-grab" task, comparing the task performance and movement dynamics between typical and affected animals, and recording from specific brain circuits while the animals perform the task. Identified changes will help to better understand the neural basis of the NGLY1 Deficiency movement disorder, define the neural circuits that must be targeted to treat the disease, and establish a platform to test potential therapies. EXPENSES $93,773 INCLUDING GRANTS OF $93,773. REVENUE $0.

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

STANFORD UNIVERSITY (DIXON LAB) Team continues to characterize the role of ferroptosis, a form of cell death associated with oxidative stress, in the pathologies associated with NGLY1 deficiency. The group's earlier studies showed that loss of NGLY1 or its substrate NFE2L1 sensitizes cells to ferroptosis, and this ferroptosis senstiivity can be reversed by expression of an activated form of NFE2L1. The group has expanded that work to test the hypothesis that the related factor NFE2L3 may be functionally redundant with NFE2L1 and that inactivity of both factors may account for the cell stress sentiivity seen in NGLY1 Deficiency. These studies may help explain the causes of cell dysfunction and loss in NGLY1 Deficiency and suggest potential targets for candidate therapy development. EXPENSES $57,518. INCLUDING GRANTS OF $57,518. REVENUE $0.

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

PURDUE UNIVERSITY (ROCHET LAB) Team is developing and employing cellular models to test whether NGLY1 and its substrate NFE2L1 have a role in modulating cellular stress and preventing or clearing protein aggregates in the brain. These studies are testing whether loss or dysfunction of the NGLY1-NFE2L1 pathway may sensitize nerve cells to oxidative or protein misfolding stress, leading to neuronal damage and neurodegeneration. In addition, the team is testing the idea that enhancing NGLY1-NFE2L1 activity can prevent or slow neuronal loss using cellular models of Parkinson's disease, a neurodegenerative disorder associated with oxidative stress and protein aggregation. These studies aim to understand the cause of neurotoxicity in rare and common neurodegenerative disorders, explore mechanisms shared between NGLY1 Deficiency and Parkinson's disease, and provide insights for the development of disease-modifying neuroprotective therapies. EXPENSES $47,744. INCLUDING GRANTS OF $47,744. REVENUE $0.

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

THE 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. EXPENSES $44,456. INCLUDING GRANTS OF $44,456. 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. 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 $28,084. INCLUDING GRANTS OF $28,084. REVENUE $0.

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

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 $24,250. INCLUDING GRANTS OF $24,250. REVENUE $0.

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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/Desc0CHARLES RIVER LABORATORIES Team has imported and is maintaining a colony of Ngly1 knockout rats for use in evaluating therapies to treat NGLY1 Deficiency. This knockout model has been a key foundation to test adeno-associated virus (AAV)-mediated gene delivery for rescue of disease-associated phenotypes and has supported an investigational new drug (IND) application to the FDA for an NGLY1 Deficiency gene therapy clinical study. Team has also conducted a study to monitor clinical phenotypes and collect biological samples in homozygous mutant and heterozygous (carrier) NGLY1 knockout rats across the lifespan from birth to eighteen months of age, and has continued to produce Ngly1 KO animals for use in in vivo drug testing studies.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0219765
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0219765
IRS990/ProgSrvcAccomActy3Grp/Desc0THE UNIVERSITY 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.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0138825
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0138825
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Baylor College of Medicine (Jafar-Nejad Lab)
IRS990/ProgSrvcAccomActyOtherGrp/Desc1The University of North Carolina (Hantman Lab)
IRS990/ProgSrvcAccomActyOtherGrp/Desc2Stanford University (Dixon Lab)
IRS990/ProgSrvcAccomActyOtherGrp/Desc3Purdue University (Rochet Lab)
IRS990/ProgSrvcAccomActyOtherGrp/Desc4The Scripps Research Institute (Bollong Lab)
IRS990/ProgSrvcAccomActyOtherGrp/Desc5Hilltop Lab Animals, Inc.
IRS990/ProgSrvcAccomActyOtherGrp/Desc6Albert Einstein College of Medicine
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IRS990ScheduleI/RecipientTable/CashGrantAmt9233245
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0NGLY1
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1NGLY1 (BOLLONG LAB)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2NGLY1 (YAN LAB)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3NGLY1 (KAUSHIK LAB)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4NGLY1
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5NGLY1 (JAFAR-NEJAD LAB)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6NGLY1
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7NGLY1
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8NGLY1
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9NGLY1
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11NGLY1
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CHARLES RIVER LABORATORIES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CALIBR
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2THE UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTE

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