Civic Intelligence

Mission Cure Inc.

990 • Fiscal year 2023 • EIN 84-3043384

Jul 01, 2022 to Jun 30, 2023 • Filed on May 10, 2024

CO Megan Golden 245 W 107th St SteNew York, NY 10025

(401) 375-2873

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2023 filings • NTEE B90 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

18th percentile

0.01x

Higher debt load relative to revenue than 18% of similar nonprofits.

2023 filings • NTEE B90 • $1M-$5M nonprofits • Source year 2023

Net Margin

72nd percentile

20%

Higher net margin than 72% of similar nonprofits.

2023 filings • NTEE B90 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

68th percentile

$135,340

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 25.2% of source-year revenue.

2023 filings • NTEE B90 • $1M-$5M nonprofits • Source year 2023

Asset Growth

54th percentile

10%

Faster asset growth than 54% of similar nonprofits.

2023 filings • NTEE B90 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

13th percentile

-24%

Faster revenue growth than 13% of similar nonprofits.

2023 filings • NTEE B90 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,037,087

Up $96,287 (+10%) from 2022

Net Assets

Up

$1,033,598

Up $108,269 (+12%) from 2022

Liabilities

Down

$3,489

Down $11,982 (-77%) from 2022

Revenue

Down

$536,077

Down $170,075 (-24%) from 2022

Expenses

Down

$427,808

Down $24,133 (-5.3%) from 2022

Net Income

Down

$108,269

Down $145,942 (-57%) from 2022

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

2023

Assets$1,037,087
Liabilities$3,489
Net Assets$1,033,598

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

2023

Revenue$536,077
Expenses$427,808
Net Income$108,269
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 10, 2024
Return Version
2022v5.0
Gross Receipts
$561,098
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.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$906,061$1,035,909▲ $129,848
Pledges and Grants Receivable$34,000--
Prepaid Expenses and Deferred Charges$739$1,178▲ $439
Total Assets$940,800$1,037,087▲ $96,287
Liabilities
Accounts Payable and Accrued Expenses$15,471$3,489▼ $11,982
Total Liabilities$15,471$3,489▼ $11,982
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$716,329$961,173▲ $244,844
Net Assets With Donor Restrictions$209,000$72,425▼ $136,575
Total Net Assets Fund Balance$925,329$1,033,598▲ $108,269
Total Liabilities and Net Assets / Fund Balance$940,800$1,037,087▲ $96,287
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lola Rahib PhdVP of Transalational ResearchFT$129,808$5,532$135,340
Megan GoldenPresident and CEOFT$82,500-$82,500

Board Members and Trustees

NameTitle
Linda MartinBoard Chairperson
James MedskerDirector
Sam ShraugerDirector
Bruce BloomSecretary
Michael LevitanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$554,907
Program Service Revenue
$0
Investment Income
$6,191
Other Revenue
$-25,021
All Other Contributions
$329,910
Change in Net Assets
$108,269
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$305,857
Other Expenses$121,951
Total Fundraising Expense$38,257
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$184,219$1,545$2,298$188,062
Current Officers, Directors, Trustees, and Key Employees$65,020$15,780$1,700$82,500
Fees for Services Other$25,049$5,358$33,301$63,708
Payroll Taxes$20,029$1,392$321$21,742
Fees for Services Accounting-$17,940-$17,940
Travel$17,209--$17,209
Other Employee Benefits$13,418$110$25$13,553
Conferences and Meetings$6,470$75-$6,545
Advertising$5,292$609-$5,901
Information Technology$462$3,356$600$4,418
Insurance-$1,624-$1,624
Other Expenses$2,356$926$12$938
Office Expenses$121$689-$810
Total Functional Expenses$339,645$49,906$38,257$427,808
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$25,021
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$224,997-$25,021-
Total Events$224,997-$25,021$-25,021
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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

Governance Explanations

Organizational document changes Part VI line 4

The organization modified is bylaws in june 2023 to create two classes of board members with staggered 2-year terms.

Form 990 governing body review Part VI line 11

The organization provides a draft copy of form 990 for the board to review prior to filing.

Conflict of interest policy compliance Part VI line 12C

Board members and key employees annually complete conflict of interest disclosure forms. At each board meeting board members and the ceo are asked to disclose any new conflicts of interest.

CEO executive director top management comp Part VI line 15A

The organization uses the department of labor statistics and salary guide to obtain comparable data when establishing compensation for the ceo. 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 arms length bargaining.

Other officer or key employee compensation Part VI line 15B

The organization uses the department of labor statistics and salary guide to obtain comparable data on all positions. Furthermore, the organization periodically reviews compensation arrangements and benefits to ensure that they are reasonable, based on competent survey infomration and the result of arms length bargaining.

Governing documents etc available to public Part VI line 19

Governing documents, disclosure explanation, the financial statements, and other documents, such as the conflict of interest policy and governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Mission Cure Inc
EIN
84-3043384
Address
CO MEGAN GOLDEN 245 W 107TH ST STE, NEW YORK, NY 10025

Signing Officer

Name
Megan Golden
Title
CEO
Phone
4013752873
Signed
2024-05-10
Discuss with paid preparer
Yes

Organization Details

Formed
2019
Legal Domicile
De
Voting Board Members
6
Independent Board Members
6
Employees
6
Volunteers
10

Preparer

Firm
Moriarty & Associates Pc
Address
144 GOULD ST STE 205, NEEDHAM, MA 02494
Preparer
Michael P Moriarty CPA
Phone
6178522214
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Other consultants and outside services:fundraising - $33,301strategy & programs - $25,049staffing & administration - $5,358

Part III response or note to any other line in Part III

Developing therapies: helped launch and complete enrollment for pilot clinical trial of chronic pancreatitis therapy with georgetown university; supported johns hopkins pancreatitis pain research in treating 20+ patients; launched study for precision medicine chronic pancreatitis clinical trial at cedars-sinai; led multi-stakeholder study to identify outcomes to be used in pancreatitis clinical trials; advocated with life sciences companies to pursue therapies for pancreatitis & provided information to support drug development.engaging communities: engaged over 71,500 patients,caregivers,clinicians and scientists with our website. Educational videos received 47,750+ views for more than 6,100 hours; launched a redisgned more accessible website; provided new educational information. Improving care: collaborated with johns hopkins university to operate pancreatitis pain research program; with avomd, put practical guidelines for treating exocrine pancreatic insufficiency on an app and website to improve treatment; presented to leading clinicians on best practices for interdisciplinary pancreatitis care.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MODIFIED IS BYLAWS IN JUNE 2023 TO CREATE TWO CLASSES OF BOARD MEMBERS WITH STAGGERED 2-YEAR TERMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION PROVIDES A DRAFT COPY OF FORM 990 FOR THE BOARD TO REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS AND KEY EMPLOYEES ANNUALLY COMPLETE CONFLICT OF INTEREST DISCLOSURE FORMS. AT EACH BOARD MEETING BOARD MEMBERS AND THE CEO ARE ASKED TO DISCLOSE ANY NEW CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION USES THE DEPARTMENT OF LABOR STATISTICS AND SALARY GUIDE TO OBTAIN COMPARABLE DATA WHEN ESTABLISHING COMPENSATION FOR THE CEO. 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 ARMS LENGTH BARGAINING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION USES THE DEPARTMENT OF LABOR STATISTICS AND SALARY GUIDE TO OBTAIN COMPARABLE DATA ON ALL POSITIONS. FURTHERMORE, THE ORGANIZATION PERIODICALLY REVIEWS COMPENSATION ARRANGEMENTS AND BENEFITS TO ENSURE THAT THEY ARE REASONABLE, BASED ON COMPETENT SURVEY INFOMRATION AND THE RESULT OF ARMS LENGTH BARGAINING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING 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/ExplanationTxt6OTHER CONSULTANTS AND OUTSIDE SERVICES:FUNDRAISING - $33,301STRATEGY & PROGRAMS - $25,049STAFFING & ADMINISTRATION - $5,358
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DEVELOPING THERAPIES: HELPED LAUNCH AND COMPLETE ENROLLMENT FOR PILOT CLINICAL TRIAL OF CHRONIC PANCREATITIS THERAPY WITH GEORGETOWN UNIVERSITY; SUPPORTED JOHNS HOPKINS PANCREATITIS PAIN RESEARCH IN TREATING 20+ PATIENTS; LAUNCHED STUDY FOR PRECISION MEDICINE CHRONIC PANCREATITIS CLINICAL TRIAL AT CEDARS-SINAI; LED MULTI-STAKEHOLDER STUDY TO IDENTIFY OUTCOMES TO BE USED IN PANCREATITIS CLINICAL TRIALS; ADVOCATED WITH LIFE SCIENCES COMPANIES TO PURSUE THERAPIES FOR PANCREATITIS & PROVIDED INFORMATION TO SUPPORT DRUG DEVELOPMENT.ENGAGING COMMUNITIES: ENGAGED OVER 71,500 PATIENTS,CAREGIVERS,CLINICIANS AND SCIENTISTS WITH OUR WEBSITE. EDUCATIONAL VIDEOS RECEIVED 47,750+ VIEWS FOR MORE THAN 6,100 HOURS; LAUNCHED A REDISGNED MORE ACCESSIBLE WEBSITE; PROVIDED NEW EDUCATIONAL INFORMATION. IMPROVING CARE: COLLABORATED WITH JOHNS HOPKINS UNIVERSITY TO OPERATE PANCREATITIS PAIN RESEARCH PROGRAM; WITH AVOMD, PUT PRACTICAL GUIDELINES FOR TREATING EXOCRINE PANCREATIC INSUFFICIENCY ON AN APP AND WEBSITE TO IMPROVE TREATMENT; PRESENTED TO LEADING CLINICIANS ON BEST PRACTICES FOR INTERDISCIPLINARY PANCREATITIS CARE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Organizational document changes Part VI line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part III response or note to any other line in Part III
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