Civic Intelligence

Race to Erase Ms

EIN 84-1238541 • 501(c)3 • Los Angeles, CA

Profile

To provide funding for research and to promote awareness for the treatment and ultimate cure of multiple sclerosis.

1875 Century Park East Ste 280Los Angeles, CA 90067

www.erasems.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

80th percentile

0.42x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

0.75x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

11th percentile

-29%

Higher net margin than 11% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

61st percentile

8.1%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

55th percentile

9.7%

Faster revenue growth than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$2,305,612

Up $172,737 (+8.1%) from 2023

Liabilities

Up

$962,271

Up $594,614 (+162%) from 2023

Net Assets

Down

$1,343,341

Down $421,877 (-24%) from 2023

Operations
Liabilities / Revenue85th percentileNet Margin11th percentile

Revenue

Up

$1,286,955

Up $114,293 (+9.7%) from 2023

Expenses

Up

$1,663,749

Up $31,729 (+1.9%) from 2023

Net Income

Up

-$376,794

Up $82,564 (+18%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth61st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $633,229Liabilities 2010: $249,745Net Assets 2010: $383,4842010Assets 2011: $988,408Liabilities 2011: $664,121Net Assets 2011: $324,2872011Assets 2012: $570,563Liabilities 2012: $344,268Net Assets 2012: $226,2952012Assets 2013: $5,238,718Liabilities 2013: $493,379Net Assets 2013: $4,745,3392013Assets 2014: $5,552,958Liabilities 2014: $398,719Net Assets 2014: $5,154,2392014Assets 2015: $5,199,795Liabilities 2015: $384,923Net Assets 2015: $4,814,8722015Assets 2016: $4,334,536Liabilities 2016: $384,573Net Assets 2016: $3,949,9632016Assets 2017: $3,977,461Liabilities 2017: $422,462Net Assets 2017: $3,554,9992017Assets 2018: $3,862,012Liabilities 2018: $493,645Net Assets 2018: $3,368,3672018Assets 2019: $3,658,730Liabilities 2019: $317,823Net Assets 2019: $3,340,9072019Assets 2020: $2,644,707Liabilities 2020: $287,760Net Assets 2020: $2,356,9472020Assets 2021: $3,284,707Liabilities 2021: $497,057Net Assets 2021: $2,787,6502021Assets 2022: $2,745,138Liabilities 2022: $462,411Net Assets 2022: $2,282,7272022Assets 2023: $2,132,875Liabilities 2023: $367,657Net Assets 2023: $1,765,2182023Assets 2024: $2,305,612Liabilities 2024: $962,271Net Assets 2024: $1,343,3412024

Highlighted filing

2024

Assets$2,305,612
Liabilities$962,271
Net Assets$1,343,341
Open 2024 Filing

Operations Trend

Revenue Growth55th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $1,556,146Expenses 2010: $1,074,040Net Income 2010: $482,1062010Revenue 2011: $1,557,799Expenses 2011: $1,612,136Net Income 2011: -$54,3372011Revenue 2012: $1,476,083Expenses 2012: $1,582,155Net Income 2012: -$106,0722012Revenue 2013: $6,285,716Expenses 2013: $1,787,222Net Income 2013: $4,498,4942013Revenue 2014: $1,967,141Expenses 2014: $1,592,356Net Income 2014: $374,7852014Revenue 2015: $1,544,638Expenses 2015: $1,863,362Net Income 2015: -$318,7242015Revenue 2016: $1,136,959Expenses 2016: $1,935,008Net Income 2016: -$798,0492016Revenue 2017: $1,313,915Expenses 2017: $1,801,110Net Income 2017: -$487,1952017Revenue 2018: $2,102,990Expenses 2018: $1,857,631Net Income 2018: $245,3592018Revenue 2019: $1,616,673Expenses 2019: $1,883,874Net Income 2019: -$267,2012019Revenue 2020: $1,288,737Expenses 2020: $1,561,593Net Income 2020: -$272,8562020Revenue 2021: $1,461,355Expenses 2021: $1,434,275Net Income 2021: $27,0802021Revenue 2022: $1,056,260Expenses 2022: $1,414,948Net Income 2022: -$358,6882022Revenue 2023: $1,172,662Expenses 2023: $1,632,020Net Income 2023: -$459,3582023Revenue 2024: $1,286,955Expenses 2024: $1,663,749Net Income 2024: -$376,7942024

Highlighted filing

2024

Revenue$1,286,955
Expenses$1,663,749
Net Income-$376,794
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,305,612
Liabilities
$962,271
Net assets
$1,343,341
Revenue
$1,286,955
Expenses
$1,663,749
Net income
-$376,794
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$0.96$1.34$1.29$1.66$0.38
2023Summary only. Only limited summary data is available for this year.$2.13$0.37$1.77$1.17$1.63$0.46
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.75$0.46$2.28$1.06$1.41$0.36
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.28$0.50$2.79$1.46$1.43$0.03
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.64$0.29$2.36$1.29$1.56$0.27
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.66$0.32$3.34$1.62$1.88$0.27
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.86$0.49$3.37$2.10$1.86$0.25
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.98$0.42$3.55$1.31$1.80$0.49
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.33$0.38$3.95$1.14$1.94$0.80
2015Detailed filing. Detailed filing data is available for this year.$5.20$0.38$4.81$1.54$1.86$0.32
2014Summary only. Only limited summary data is available for this year.$5.55$0.40$5.15$1.97$1.59$0.37
2013Summary only. Only limited summary data is available for this year.$5.24$0.49$4.75$6.29$1.79$4.50
2012Summary only. Only limited summary data is available for this year.$0.57$0.34$0.23$1.48$1.58$0.11
2011Summary only. Only limited summary data is available for this year.$0.99$0.66$0.32$1.56$1.61$0.05
2010Summary only. Only limited summary data is available for this year.$0.63$0.25$0.38$1.56$1.07$0.48
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 19, 2025
Return Version
2024v5.0
Gross Receipts
$1,909,443
Mission and Program Overview

Mission

To provide funding for research and to promote awareness for the treatment and ultimate cure of multiple sclerosis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,587,507$1,458,045▼ $129,462
Cash and Non-Interest-Bearing Accounts$458,706$461,348▲ $2,642
Prepaid Expenses and Deferred Charges$33,766$46,253▲ $12,487
Inventories for Sale or Use$31,283$28,155▼ $3,128
Accounts Receivable$10,247--
Land, Buildings, and Equipment, Net$1,106$664▼ $442
Total Assets$2,132,875$2,305,612▲ $172,737
Other Assets Total$10,260$311,147▲ $300,887
Liabilities
Grants Payable$220,000$360,000▲ $140,000
Other Liabilities$10,466$312,398▲ $301,932
Accounts Payable and Accrued Expenses$106,475$159,731▲ $53,256
Deferred Revenue$30,716$130,142▲ $99,426
Total Liabilities$367,657$962,271▲ $594,614
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,765,218$1,343,341▼ $421,877
Total Net Assets Fund Balance$1,765,218$1,343,341▼ $421,877
Total Liabilities and Net Assets / Fund Balance$2,132,875$2,305,612▲ $172,737

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$11,530$11,530
Equipment$664$718$1,382
Other Assets Org$311,147--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nancy DavisPresident/chFT$221,760$56,192$277,952
Nancy DavisPresident/chairman-$221,760$56,192$277,952
Elizabeth SearesCOOFT$179,829$28,191$208,020

Board Members and Trustees

NameTitle
Avril LavigneDirector
Barbara DavisDirector
Chad KingDirector
Claudia Curry HillDirector
David OsmondDirector
Debbie LustigDirector
Jack AntelDirector
Jimmy LustigDirector
Ken RickelDirector
Lynn PalmerDirector
Siedah GarrettDirector
Tawny SandersDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,171,334
Program Service Revenue
$0
Investment Income
$115,621
Other Revenue
$0
All Other Contributions
$112,128
Change in Net Assets
$-376,794

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,286,955
Revenue Not Reported on Form 990
$-45,083
Total Revenue per Audited Statements
$1,241,872
Total Revenue per Form 990
$1,286,955
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$766,024
Other Expenses$537,725
Grants and Similar Amounts Paid$360,000
Total Fundraising Expense$263,543
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$240,953$80,318$80,318$401,589
Grants to Domestic Orgs$360,000--$360,000
Other Salaries and Wages$109,796$36,598$36,598$182,992
Other Employee Benefits$72,956$24,318$24,318$121,592
Occupancy$41,338$13,780$13,780$68,898
Fees for Services Management$59,731--$59,731
Payroll Taxes$28,937$9,645$9,645$48,227
All Other Expenses$17,179$5,900$19,351$42,430
Fees for Services Accounting-$34,665-$34,665
Travel$22,266-$9,543$31,809
Other Expenses$38,596$20,625$19,858$19,858
Information Technology$9,830$3,276$3,276$16,382
Fees for Services Legal-$15,937-$15,937
Insurance$9,556$3,185$3,185$15,926
Office Expenses$7,426$2,476$2,476$12,378
Pension Plan Contributions$6,974$2,325$2,325$11,624
Depreciation Depletion$266$88$88$442
Total Functional Expenses$1,147,070$253,136$263,543$1,663,749

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,663,749
Total Expenses per Audited Statements$1,663,749
Total Expenses per Form 990$1,663,749
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Johns Hopkins HospitalBaltimore, MD-Ms Research$120,000
Oregon Health & Science UniversityPortland, OR-Ms Research$60,000
The Cleveland Clinic FoundationCleveland, OH-Ms Research$60,000
Ucsf Department of NeurologySan Francisco, CA-Ms Research$60,000
Yale University Neuroscience DepartNew Haven, CT-Ms Research$60,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$506,037
Fundraising Gross Income$506,037
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Race Gala$1,565,243$506,037$506,037$0
Total Events$1,565,243$506,037$506,037-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right-of-use Liabilities$312,398
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, Page 6, Part VI, Line 2

“Nancy davis barbara davis chairman director mother nancy davis ken rickel chairman director spouse”

Form 990, Page 6, Part VI, Line 11B

“The tax return was prepared by certified public accountants who forward a draft of the return to the members of the executive board for review before the return is filed.”

Form 990, Page 6, Part VI, Line 12C

“All board members are asked to review and sign a conflict of interest disclosure at each annual board meeting.”

Form 990, Page 6, Part VI, Line 15A

“Board of directors review and approve the compensation for officers.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its documents available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Race to Erase Ms
EIN
84-1238541
Phone
3104404842
Address
1875 CENTURY PARK EAST STE 280, LOS ANGELES, CA 90067

Signing Officer

Name
Nancy Davis
Title
President/chairman
Phone
0310440484
Signed
2025-09-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy Davis
Formed
1993
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
11
Employees
6
Volunteers
50

Preparer

Firm
Boroda Holm a Professional Corporation
Address
15760 VENTURA BLVD 1030, ENCINO, CA 91436-3020
Preparer
Quan Holm
Phone
8189059550
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

“Funding research is the core focus of the foundation and all funds raised support our center without walls program, a selected network of the nations top ms research centers. This nationwide collaboration of physicians and scientists are on the cutting-edge of innovative research programs, working as a team on therapeutic approaches to eradicate ms. In addition to combating ms through research in a clinical environment, we hope to increase awareness by educating the public about this mystifying disease the race to erase ms center without walls ("cww") program has provided support that has has permitted the medical community to link together multidisciplinary scientific programs and expertise across the country to advance the understanding of the cause of ms and to develop new treatments. The center is a break-through success because of the vision, insight and flexibility of these extraordinary doctors. The center constantly strives to strengthen this revolutionary concept with new approaches to finding the brightest minds in this field. The center's scientific advisory board, spearheaded by dr. Andrew goodman, reviews proposals and grants, submitted in standard nih format. In addition to the regular use of high-technology communication tools, researchers of cww come together to share scientific accomplishments through monthly virtual meetings, standard scientific advisory meetings and collaborative symposiums.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization is generally exempt from income taxes as a publicly supported organization under section 501(c)(3) of the internal revenue code and corresponding california code sections. However, income generated from activities unrelated to the organization's exempt purpose is subject to tax. The organization did not have any unrelated business income for the years ended december 31, 2024 and 2023. Accordingly, the accompanying financial statements contain no provision for income taxes. The organization is subject to a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. There was no uncertain tax position recorded in the financial statements at december 31, 2024 and 2023.”

Raw XML AppendixShowing 400 of 584 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/Desc0FUNDING RESEARCH IS THE CORE FOCUS OF THE FOUNDATION AND ALL FUNDS RAISED SUPPORT OUR CENTER WITHOUT WALLS PROGRAM, A SELECTED NETWORK OF THE NATIONS TOP MS RESEARCH CENTERS. THIS NATIONWIDE COLLABORATION OF PHYSICIANS AND SCIENTISTS ARE ON THE CUTTING-EDGE OF INNOVATIVE RESEARCH PROGRAMS, WORKING AS A TEAM ON THERAPEUTIC APPROACHES TO ERADICATE MS. IN ADDITION TO COMBATING MS THROUGH RESEARCH IN A CLINICAL ENVIRONMENT, WE HOPE TO INCREASE AWARENESS BY EDUCATING THE PUBLIC ABOUT THIS MYSTIFYING DISEASE THE RACE TO ERASE MS CENTER WITHOUT WALLS ("CWW") PROGRAM HAS PROVIDED SUPPORT THAT HAS HAS PERMITTED THE MEDICAL COMMUNITY TO LINK TOGETHER MULTIDISCIPLINARY SCIENTIFIC PROGRAMS AND EXPERTISE ACROSS THE COUNTRY TO ADVANCE THE UNDERSTANDING OF THE CAUSE OF MS AND TO DEVELOP NEW TREATMENTS. THE CENTER IS A BREAK-THROUGH SUCCESS BECAUSE OF THE VISION, INSIGHT AND FLEXIBILITY OF THESE EXTRAORDINARY DOCTORS. THE CENTER CONSTANTLY STRIVES TO STRENGTHEN THIS REVOLUTIONARY CONCEPT WITH NEW APPROACHES TO FINDING THE BRIGHTEST MINDS IN THIS FIELD. THE CENTER'S SCIENTIFIC ADVISORY BOARD, SPEARHEADED BY DR. ANDREW GOODMAN, REVIEWS PROPOSALS AND GRANTS, SUBMITTED IN STANDARD NIH FORMAT. IN ADDITION TO THE REGULAR USE OF HIGH-TECHNOLOGY COMMUNICATION TOOLS, RESEARCHERS OF CWW COME TOGETHER TO SHARE SCIENTIFIC ACCOMPLISHMENTS THROUGH MONTHLY VIRTUAL MEETINGS, STANDARD SCIENTIFIC ADVISORY MEETINGS AND COLLABORATIVE SYMPOSIUMS.
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