Civic Intelligence

Mission Cure Inc.

990 • Fiscal year 2022 • EIN 84-3043384

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 15, 2022

c/o Megan Golden 245 W 107th 15ANew York, NY 10025

(401) 375-2873

Siviq Scores

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

Liabilities / Assets

54th percentile

0.02x

Higher debt load relative to assets than 54% of similar nonprofits.

2022 filings • NTEE B • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

53rd percentile

0.02x

Higher debt load relative to revenue than 53% of similar nonprofits.

2022 filings • NTEE B • $500k-$1M nonprofits • Source year 2022

Net Margin

80th percentile

36%

Higher net margin than 80% of similar nonprofits.

2022 filings • NTEE B • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

79th percentile

$67,904

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 9.6% of source-year revenue.

2022 filings • NTEE B • $500k-$1M nonprofits • Source year 2022

Asset Growth

81st percentile

40%

Faster asset growth than 81% of similar nonprofits.

2022 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

17th percentile

-24%

Faster revenue growth than 17% of similar nonprofits.

2022 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$940,800

Up $268,311 (+40%) from 2021

Net Assets

Up

$925,329

Up $254,211 (+38%) from 2021

Liabilities

Up

$15,471

Up $14,100 (+1028%) from 2021

Revenue

Down

$706,152

Down $226,567 (-24%) from 2021

Expenses

Up

$451,941

Up $190,340 (+73%) from 2021

Net Income

Down

$254,211

Down $416,907 (-62%) from 2021

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 2021: $672,489Liabilities 2021: $1,371Net Assets 2021: $671,1182021Assets 2022: $940,800Liabilities 2022: $15,471Net Assets 2022: $925,3292022Assets 2023: $1,037,087Liabilities 2023: $3,489Net Assets 2023: $1,033,5982023Assets 2024: $1,327,418Liabilities 2024: $16,946Net Assets 2024: $1,310,4722024

Highlighted filing

2022

Assets$940,800
Liabilities$15,471
Net Assets$925,329

Operations Trend

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

$1.0M$500K$0Revenue 2021: $932,719Expenses 2021: $261,601Net Income 2021: $671,1182021Revenue 2022: $706,152Expenses 2022: $451,941Net Income 2022: $254,2112022Revenue 2023: $536,077Expenses 2023: $427,808Net Income 2023: $108,2692023Revenue 2024: $853,847Expenses 2024: $641,874Net Income 2024: $211,9732024

Highlighted filing

2022

Revenue$706,152
Expenses$451,941
Net Income$254,211
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$724,152
Mission and Program Overview

Mission

Mission:Cure is a coalition of doctors, researchers, patients, and entrepreneurs pioneering a new approach to curing diseases through innovative outcome-based financing. Mission:Cure collaborates with impact investors and payers to discover life-altering therapies and bring them to patients.

The mission of the corporation is to improve the lives of people suffering from unsovled diseases through patient engagement, innovative financing, education, and research

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$595,406$906,061▲ $310,655
Pledges and Grants Receivable$67,000$34,000▼ $33,000
Prepaid Expenses and Deferred Charges$10,083$739▼ $9,344
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$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
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$672,489$940,800▲ $268,311
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,371$15,471▲ $14,100
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$1,371$15,471▲ $14,100
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$454,118$716,329▲ $262,211
Net Assets With Donor Restrictions$217,000$209,000▼ $8,000
Total Net Assets Fund Balance$671,118$925,329▲ $254,211
Total Liabilities and Net Assets / Fund Balance$672,489$940,800▲ $268,311
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Megan GoldenPresident and CEOFT$67,904$67,904

Board Members and Trustees

NameTitle
Linda MartinBoard Chairperson
Bruce BloomSecretary
Mickey LevitanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$724,152
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-18,000
All Other Contributions
$563,009
Change in Net Assets
$254,211

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$51,546Fair Market Value (FMV)
Other Non Cash Contri Table1$3,599Market Value
Total Noncash Contributions4$55,145-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$326,021
Other Expenses$75,920
Grants and Similar Amounts Paid$50,000
Total Fundraising Expense$17,954
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$210,654$0$0$210,654
Current Officers, Directors, Trustees, and Key Employees$65,020$15,780$1,700$82,500
Grants to Domestic Orgs$50,000--$50,000
Fees for Services Other$34,945$820$10,726$46,491
Payroll Taxes$22,780$1,262-$24,042
Fees for Services Accounting-$15,005-$15,005
Other Employee Benefits$8,745$80-$8,825
Office Expenses-$522$4,664$5,186
Travel$3,301--$3,301
Information Technology$51$2,713-$2,764
Insurance-$1,593-$1,593
Advertising$70$646$864$1,580
Total Functional Expenses$395,566$38,421$17,954$451,941
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Johns Hopkins HospitalBaltimore, MD501(c)(3)Pancreatitis Research Pilot$50,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$18,000
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$161,143-$18,000-
Total Events$161,143-$18,000$-18,000
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
Yes
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
Yes
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
Mission Cure Inc
EIN
84-3043384
In Care Of
% MEGAN GOLDEN
Phone
4013752873
Address
c/o Megan Golden 245 W 107th 15A, New York, NY 10025

Signing Officer

Name
Megan Golden
Title
President/CEO
Phone
4013752873
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Megan Golden
Formed
2019
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
10

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
Brad Caruso
Phone
7328281614
Supplemental Narrative

Additional Explanations

FORM 990 Responses

Form 990 Part III, Line 4 - Program Services 1. Developing therapies a. Advocated with more than 6 life sciences companies to pursue therapies for pancreatitis; provided information to support drug development b. Supported launch of Johns Hopkins Pancreatitis Pain Research Program, conducting research to identify the most effective treatments for pancreatitis patients' pain c. Worked with UK-based biotech Healx to understand chronic pancreatitis and identify and test therapeutic compounds d. Conducted inventory of animal models of pancreatitis and validated measures for outcomes important to patients 2.Engaging communities a. Reached over 39,000 patients, caregivers, clinicians, and scientists with website and over 5,000 people with educational videos b. Translated entire website into Spanish, including patient education materials c. Developed and disseminated new educational content about nutrition, pain management, and the patient experience 3. Improving care a. Collaborated with Johns Hopkins University to launch Johns Hopkins Pancreatitis Pain Research Program to effectively treat pancreatitis pain. b. Surveyed patients in partnership with two academic medical centers to determine symptoms and conditions that co-occur with chronic pancreatitis and may be related c. Completed "Best Practices" for pancreatitis care, reviewed by experts d. Developed a model for a virtual center of excellence that provides outcome-based, coordinated care FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDES A DRAFT COPY OF FORM 990 FOR THE BOARD TO REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C Mission: Cure is committed to avoiding conflicts of interests or the appearance of such conflicts that may call into question the integrity of the organization and its work. There are two primary situations that give rise to conflicts or the appearance of conflicts: when Mission: Cure employees have relationships with parties that do business with Mission: Cure (and in particular, when they give or accept gifts from such parties), and when Mission: Cure employees participate in outside activities that relate to, draw upon or compete with the work of Mission: Cure. In addition, certain contracts have prohibitions on the parties with whom you may do business. Conflict of interest situations are often complex, and you must consult Executive Director before engaging in such activity. FORM 990, PART VI, SECTION B, LINE 13: Mission: Cure will investigate any suspected fraudulent or dishonest use or misuse of Mission: Cure's resources or property by staff, board members, consultants or volunteers. Mission: Cure is committed to maintaining the highest standards of conduct and ethical behavior and promotes a working environment that values respect, fairness and integrity. All staff, board members and volunteers shall act with honesty, integrity and openness in all their dealings as representatives for the organization and comply with all applicable laws and regulations. Failure to follow these standards will result in disciplinary action including possible termination of employment, dismissal from one's board or volunteer duties and possible civil or criminal prosecution if warranted. FORM 990, PART VI, SECTION B, LINE 15: COMPENSATION PROCESS FOR TOP OFFICIAL: THE ORGANIZATION USES THE DEPARTMENT OF LABOR STATISTICS AND SALARY GUIDE TO OBTAIN COMPARABLE DATA ON POSITIONS. FURTHERMORE, THE ORGANIZATION PERIODICALLY REVIEW THE COMPENSATION ARRANGEMENTS AND BENEFITS TO ENSURE THAT THEY ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULT OF ARM'S LENGTH BARGAINING. FORM 990, PART IV, SECTION C, LINE 19B GOVERNING DOCUMENTS, DISCLOSURE EXPLANATION, THE FINANCIAL STATEMENTS, AND OTHER DOCUMENTS, SUCH AS THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.

Form 990 Part IX Line 11G

Description:other fees total fees:46491

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IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0LIVE EVENT
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IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm0Ian Lindsay Live LLC
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IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt03216 14th Avenue S
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0Seattle
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Pancreatitis Research Pilot
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Johns Hopkins Hospital
IRS990ScheduleI/RecipientTable/RecipientEIN0520591656
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03910 Keswick Rd Bldg No 4300A
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Baltimore
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MD
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Organization provides grants to further its mission. Formal grant agreements are approved and signed by the CEO. Grants have milestones and performance requirements which are closely monitored by the Organization. Reports are required to be submitted and are reviewed by the Organization. Future funding is contingent upon satisfaction of requirements in the grant.
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IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0The amount reported on Part I Line B represents the number of contributions.
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION UTILIZES A THIRD PARTY TO PROCESS CRYPTO CURRENCY AND DIGITAL ASSET DONATIONS AND HANDLE THE TAX COMPLIANCE REQUIREMENTS. THE GIFTS ARE CONVERTED INTO CASH, AND THE ORGANIZATION DOES NOT TAKE DIRECT POSSESSION OF ANY CRYPTOCURRENCY.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule M Part I Line (b)
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule M, Part I, Line 32a
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 Part III, Line 4 - Program Services 1. Developing therapies a. Advocated with more than 6 life sciences companies to pursue therapies for pancreatitis; provided information to support drug development b. Supported launch of Johns Hopkins Pancreatitis Pain Research Program, conducting research to identify the most effective treatments for pancreatitis patients' pain c. Worked with UK-based biotech Healx to understand chronic pancreatitis and identify and test therapeutic compounds d. Conducted inventory of animal models of pancreatitis and validated measures for outcomes important to patients 2.Engaging communities a. Reached over 39,000 patients, caregivers, clinicians, and scientists with website and over 5,000 people with educational videos b. Translated entire website into Spanish, including patient education materials c. Developed and disseminated new educational content about nutrition, pain management, and the patient experience 3. Improving care a. Collaborated with Johns Hopkins University to launch Johns Hopkins Pancreatitis Pain Research Program to effectively treat pancreatitis pain. b. Surveyed patients in partnership with two academic medical centers to determine symptoms and conditions that co-occur with chronic pancreatitis and may be related c. Completed "Best Practices" for pancreatitis care, reviewed by experts d. Developed a model for a virtual center of excellence that provides outcome-based, coordinated care FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDES A DRAFT COPY OF FORM 990 FOR THE BOARD TO REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C Mission: Cure is committed to avoiding conflicts of interests or the appearance of such conflicts that may call into question the integrity of the organization and its work. There are two primary situations that give rise to conflicts or the appearance of conflicts: when Mission: Cure employees have relationships with parties that do business with Mission: Cure (and in particular, when they give or accept gifts from such parties), and when Mission: Cure employees participate in outside activities that relate to, draw upon or compete with the work of Mission: Cure. In addition, certain contracts have prohibitions on the parties with whom you may do business. Conflict of interest situations are often complex, and you must consult Executive Director before engaging in such activity. FORM 990, PART VI, SECTION B, LINE 13: Mission: Cure will investigate any suspected fraudulent or dishonest use or misuse of Mission: Cure's resources or property by staff, board members, consultants or volunteers. Mission: Cure is committed to maintaining the highest standards of conduct and ethical behavior and promotes a working environment that values respect, fairness and integrity. All staff, board members and volunteers shall act with honesty, integrity and openness in all their dealings as representatives for the organization and comply with all applicable laws and regulations. Failure to follow these standards will result in disciplinary action including possible termination of employment, dismissal from one's board or volunteer duties and possible civil or criminal prosecution if warranted. FORM 990, PART VI, SECTION B, LINE 15: COMPENSATION PROCESS FOR TOP OFFICIAL: THE ORGANIZATION USES THE DEPARTMENT OF LABOR STATISTICS AND SALARY GUIDE TO OBTAIN COMPARABLE DATA ON POSITIONS. FURTHERMORE, THE ORGANIZATION PERIODICALLY REVIEW THE COMPENSATION ARRANGEMENTS AND BENEFITS TO ENSURE THAT THEY ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULT OF ARM'S LENGTH BARGAINING. FORM 990, PART IV, SECTION C, LINE 19B GOVERNING DOCUMENTS, DISCLOSURE EXPLANATION, THE FINANCIAL STATEMENTS, AND OTHER DOCUMENTS, SUCH AS THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION:OTHER FEES TOTAL FEES:46491
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 Responses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 PART IX LINE 11G
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