Civic Intelligence

Ara Parseghian Medical Research Foundation

EIN 86-0775966 • 501(c)3 • Tucson, AZ

Profile

The ara parseghian medical research foundation is a grassroots, non-profit organization dedicated to funding medical research projects to find a treatment for niemann-pick type c (np-c) disease and related neurodegenerative disorders.

4729 East Sunrise Drive No 327Tucson, AZ 85718

www.parseghian.org

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2019

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2019

Top Officer Pay

98th percentile

$67,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

54th percentile

0.0%

Faster asset growth than 54% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Assets

Flat

$1

Flat from 2018

Liabilities

Flat

$0

Flat from 2018

Net Assets

-

No earlier filing loaded for comparison.

Revenue

Flat

$0

Flat from 2018

Expenses

Flat

$0

Flat from 2018

Net Income

Flat

$0

Flat from 2018

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,509,517Liabilities 2010: $2,116,530Net Assets 2010: $392,9872010Assets 2011: $897,283Liabilities 2011: $622,000Net Assets 2011: $275,2832011Assets 2012: $1,011,324Liabilities 2012: $594,866Net Assets 2012: $416,4582012Assets 2013: $1,184,750Liabilities 2013: $859,416Net Assets 2013: $325,3342013Assets 2014: $1,106,852Liabilities 2014: $849,192Net Assets 2014: $257,6602014Assets 2015: $1,206,173Liabilities 2015: $651,113Net Assets 2015: $555,0602015Assets 2016: $37,718Liabilities 2016: $0Net Assets 2016: $37,7182016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $1Liabilities 2018: $02018Assets 2019: $1Liabilities 2019: $02019

Highlighted filing

2019

Assets$1
Liabilities$0
Net Assets-

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,109,1252010Revenue 2011: $763,493Expenses 2011: $881,226Net Income 2011: -$117,7332011Expenses 2012: $803,1172012Expenses 2013: $1,014,1212013Revenue 2014: $966,435Expenses 2014: $1,034,109Net Income 2014: -$67,6742014Revenue 2015: $1,122,224Expenses 2015: $824,824Net Income 2015: $297,4002015Revenue 2016: $951,092Expenses 2016: $1,483,464Net Income 2016: -$532,3722016Revenue 2017: $241,095Expenses 2017: $295,922Net Income 2017: -$54,8272017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019

Highlighted filing

2019

Revenue$0
Expenses$0
Net Income$0

Filings

Latest Detailed Filing

The latest 2019 filing currently has summary financial data only. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 12, 2016
Return Version
2014v6.0
Gross Receipts
$1,215,556
Mission and Program Overview

Mission

The ara parseghian medical research foundation is a grassroots, non-profit organization dedicated to funding medical research projects to find a treatment for niemann-pick type c (np-c) disease and related neurodegenerative disorders.

To promote research targeted at the understanding and cure of niemann pick type c (np-c) disease.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$856,909$1,056,534▲ $199,625
Cash and Non-Interest-Bearing Accounts$143,284$146,639▲ $3,355
Pledges and Grants Receivable$100,000$0▼ $100,000
Land, Buildings, and Equipment, Net$3,806$3,000▼ $806
Accounts Receivable$1,992$0▼ $1,992
Prepaid Expenses and Deferred Charges$861$0▼ $861
Total Assets$1,106,852$1,206,173▲ $99,321
Liabilities
Grants Payable$848,500$649,500▼ $199,000
Accounts Payable and Accrued Expenses$692$1,613▲ $921
Total Liabilities$849,192$651,113▼ $198,079
Net Assets / Fund Balance
Unrestricted Net Assets$257,660$555,060▲ $297,400
Total Net Assets Fund Balance$257,660$555,060▲ $297,400
Total Liabilities and Net Assets / Fund Balance$1,106,852$1,206,173▲ $99,321

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,000$11,253$14,253
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cindy K ParseghianPresidentFT$67,000$67,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,120,383
Program Service Revenue
$0
Investment Income
$722
Other Revenue
$1,119
All Other Contributions
$1,083,103
Change in Net Assets
$297,400

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded8$83,791Fair Market Value (FMV) at Date of Donation
Total Noncash Contributions8$83,791-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$588,698
Salaries, Compensation, and Employee Benefits$139,571
Total Fundraising Expense$112,221
Other Expenses$96,555
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$588,698--$588,698
Current Officers, Directors, Trustees, and Key Employees$36,000$18,000$18,000$72,000
Other Salaries and Wages$15,254$21,199$21,199$57,652
Office Expenses$1,758$3,576$49,376$54,710
Conferences and Meetings$14,697$1,454$14,860$31,011
Payroll Taxes$3,921$2,999$2,999$9,919
Information Technology-$2,295$5,572$7,867
Fees for Services Accounting-$1,000-$1,000
Occupancy$431$215$215$861
Depreciation Depletion-$806-$806
Insurance-$300-$300
Total Functional Expenses$660,759$51,844$112,221$824,824
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
National Institute of HealthBethesda, MDUS GovernmentMedical Research$209,766
Stanford UniversityStanford, CA501(c)(3)Medical Research.$100,000
University of PennsylvaniaPhiladelphia, PA501(c)(3)Medical Research$100,000
Purdue UniversityWest Lafayette, INState of IndianaMedical Research.$84,932
Columbia UniversityNew York, NY501(c)(3)Medical Research.$75,000
Cornell UniversityNew York, NY501(c)(3)Medical Research.$75,000
Washington UniversitySt Louis, MO501(c)(3)Medical Research.$37,500
Rutgers State University New JerseyNew Brunswick, NJState of New JerseyRefund of Prior Year Grant.$-93,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,541
Fundraising Gross Income$8,660
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Break Thru Fundraiser$45,940$8,660$9,541$-881
Total Events$45,940$8,660$9,541$-881
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
No
Annual disclosure for covered persons
Yes
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, Part VI, Section A, Line 2

Relationships among the officers and directors are as follows: michael a. And cindy k. Parseghian are husband and wife. Ara r. And michael a. Parseghian are father and son. Ara michael parseghian is the son of michael a. And cindy k. Parseghian. Cindy k. Parseghian and bernard a. Buescher are sister and brother. James f. Burke is michael a. Parseghian's brother-in-law.

Form 990, Part VI, Section B, Line 11

The form 990 is reviewed by the controller and the president and questions are discussed with the paid tax preparer. If changes are made, the tax return is reviewed again by the controller and the president. After this, a copy is forwarded to the full board of directors for their review prior to filing.

Form 990, Part VI, Section B, Line 12C

All officers and directors are required to annually sign a conflict of interest disclosure. The disclosure asks for family relationships, business relationships including employment and contractual relationships, and disclosure of any transactions with the organization either directly or indirectly. The disclosure forms are then reviewed by the entire board. It is expected that officers and directors will not engage in any transactions that may give rise to a conflict of interest. If it is determined by the board that a potential conflict exists, that member may be asked to resign from the board.

Form 990, Part VI, Section B, Line 15A

Salary is reviewed annually for the president and is based on comparable compensation for similarly qualified persons in comparable positions at similarly situated organizations. The salary must be approved by the board of directors. The president is not permitted to vote on her own salary.

Form 990, Part VI, Section C, Line 18

The organization's form 1023 and form 990 are available on request and on the organization's website. Form 990 is also available on www.guidestar.org and www.charitynavigator.org.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public on request.

Filing and Contact Details

Filer

Filer Name
Ara Parseghian Medical Research Foundation
EIN
86-0775966
Phone
5205775106
Address
4729 EAST SUNRISE DRIVE NO 327, TUCSON, AZ 85718

Signing Officer

Name
Cindy Parseghian
Title
President
Phone
5205775106
Signed
2016-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cindy Parseghian
Formed
1994
Legal Domicile
Az
Voting Board Members
8
Independent Board Members
7
Employees
4
Volunteers
100

Preparer

Firm
Beachfleischman Pc
Address
PO BOX 64130, TUCSON, AZ 85728-4130
Preparer
Karen K Mccloskey CPA
Phone
5203214600
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt037280
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IRS990ScheduleI/GrantRecordsMaintainedInd01
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IRS990ScheduleI/RecipientTable/CashGrantAmt475000
IRS990ScheduleI/RecipientTable/CashGrantAmt5-93500
IRS990ScheduleI/RecipientTable/CashGrantAmt6100000
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0STATE OF INDIANA
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IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5STATE OF NEW JERSEY
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc7US GOVERNMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0MEDICAL RESEARCH.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1MEDICAL RESEARCH.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2MEDICAL RESEARCH.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3MEDICAL RESEARCH.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4MEDICAL RESEARCH.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5REFUND OF PRIOR YEAR GRANT.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6MEDICAL RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7MEDICAL RESEARCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0PURDUE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CORNELL UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2STANFORD UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3WASHINGTON UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4COLUMBIA UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5RUTGERS STATE UNIVERSITY NEW JERSEY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6UNIVERSITY OF PENNSYLVANIA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7NATIONAL INSTITUTE OF HEALTH
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IRS990ScheduleI/RecipientTable/RecipientEIN1150532082
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt133 MAIDEN LANE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2300 PASTEUR DR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3660 S EUCLID AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4630 W 18TH ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5335 GEORGE ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt63451 WALNUT STREET ROOM P-221
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt76705 ROCKLEDGE DR STE 8000
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WEST LAFAYETTE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm2STANFORD
IRS990ScheduleI/RecipientTable/USAddress/CityNm3ST LOUIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm4NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm5NEW BRUNSWICK
IRS990ScheduleI/RecipientTable/USAddress/CityNm6PHILADELPHIA
IRS990ScheduleI/RecipientTable/USAddress/CityNm7BETHESDA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NY
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3MO
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd720892
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL GRANTS, WHETHER FOREIGN OR DOMESTIC, ARE APPLIED FOR THROUGH THE ORGANIZATION'S WEBSITE AND PROPOSALS ARE SUBMITTED BY A SPECIFIED DEADLINE. THE SCIENTIFIC ADVISORY BOARD REVIEWS THE GRANT APPLICATIONS ANNUALLY AND SELECTS THE RESEARCH GRANTS TO BE FUNDED. THE ORGANIZATION REQUIRES THAT ALL GRANTEES ATTEND THE ANNUAL SCIENTIFIC CONFERENCE HELD IN TUCSON, ARIZONA, OR SOUTH BEND, INDIANA, AND REPORT ON THEIR PROGRESS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt08
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt08
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV AT DATE OF DONATION
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt083791

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