Civic Intelligence

Closer to Cure Foundation

990EZ • Fiscal year 2020 • EIN 83-3703299

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 29, 2021

952 Cutter LanePark City, UT 84098

(435) 300-2736

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

1st percentile

-6507%

Higher net margin than 1% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

89th percentile

$37,500

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 281.8% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

4th percentile

-84%

Faster asset growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

2nd percentile

-99%

Faster revenue growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$159,114

Down $866,046 (-84%) from 2019

Net Assets

Down

$159,114

Down $866,046 (-84%) from 2019

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$13,309

Down $1,022,228 (-99%) from 2019

Expenses

Up

$879,355

Up $868,978 (+8374%) from 2019

Net Income

Down

-$866,046

Down $1,891,206 (-184%) from 2019

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 2019: $1,025,160Liabilities 2019: $0Net Assets 2019: $1,025,1602019Assets 2020: $159,114Net Assets 2020: $159,1142020Assets 2021: $107,634Net Assets 2021: $107,6342021Assets 2022: $0Net Assets 2022: $02022

Highlighted filing

2020

Assets$159,114
Liabilities-
Net Assets$159,114

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2019: $1,035,537Expenses 2019: $10,377Net Income 2019: $1,025,1602019Revenue 2020: $13,309Expenses 2020: $879,355Net Income 2020: -$866,0462020Revenue 2021: $8,054Expenses 2021: $59,534Net Income 2021: -$51,4802021Revenue 2022: $1,580Expenses 2022: $2,585Net Income 2022: -$1,0052022

Highlighted filing

2020

Revenue$13,309
Expenses$879,355
Net Income-$866,046
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 29, 2021
Return Version
2020v4.0
Gross Receipts
$13,309
Mission and Program Overview

Mission

Closer to Cure Foundation provides philanthropic support to researchers and organizations utilizing evolutionary biology to develop new therapeutics to cure cancer and disease in humans and animals.

Program Services

DescriptionGrantsExpenses
In 2020, we provided $775,000 to PEEL Therapeutics for the development of two therapeutics based on evolutionary medicine: one therapeutic based on Neutrophil Extracellular Trap Inhibitory Peptides (a peptide that is found within the first few days of human life) and SN-22 a cancer therapeutic derived from Irinotrecan, a chemotherapeutic derived from the Camptothecin, or the happy tree. We also provided Dr. Trudy Oliver of the Huntsman Cancer Institute at the University of Utah $25,000 in support of her research into Neutrophil Extracellular Traps in lung cancer metastasis.$30,967$800,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gareth MitchellExecutive DirectorPT$37,500-$37,500
Laurie EastwoodCo-President-$0--
Morgan IrvinTreasurer-$0--
Clinton NagyDirector-$0--
Aimee PrestonSecretary-$0--
Marva WarnockCo-President-$0--
Oliver WyssDirector-$0--
Rita CornishDirector-$0--
Ryan CamachoDirector-$0--
Becky KearnsTreasurer-$0--
Judi VictorDirector-$0--
Filing and Contact Details

Filer

Filer Name
Closer to Cure Foundation
EIN
83-3703299
Phone
4353002736
Address
952 Cutter Lane, Park City, UT 84098

Signing Officer

Name
Gareth Mitchell
Title
Executive Director
Signed
2021-03-29
Discuss with paid preparer
Yes

Preparer

Firm
Cook Martin Poulson PC
Address
632 N Main St, Logan, UT 84321
Preparer
Tara Williams CPA
Phone
8014674450
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

| Donee's Name: PEEL Therapeutics, Inc. | Donee's Address: 630 Komas Dr Suite 300 Salt Lake City UT 84108 | Relationship of Donee: Recipient | Cash Amount Given: $775000

Grants and Similar Amounts Paid In Excess of $5,000.2

| Donee's Name: Dr. Trudy Oliver | Donee's Address: 2000 Circle of Hope Drive Salt Lake City UT 84112 | Cash Amount Given: $25000

Other Expenses.1001

Advertising and Promotion $5766

Other Expenses.1002

Office Expenses $341

Other Expenses.1003

Information Technology $1379

Other Expenses.1012

Insurance $1162

Other Expenses.1

Internet and Phone $1136

Other Expenses.2

Website Hosting $877

Other Expenses.3

PO Box $130

Other Expenses.4

Licenses and Permits $95

Changes to Organizing or Governing Documents

Amended to increase the maximum number of total directors from 9 to 15.

Raw XML Appendix189 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: PEEL Therapeutics, Inc. | Donee's Address: 630 Komas Dr Suite 300 Salt Lake City UT 84108 | Relationship of Donee: Recipient | Cash Amount Given: $775000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Donee's Name: Dr. Trudy Oliver | Donee's Address: 2000 Circle of Hope Drive Salt Lake City UT 84112 | Cash Amount Given: $25000
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ReturnHeader/TaxPeriodBeginDt02020-01-01
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