Musella Foundation For Brain Tumor Research & Information Inc
- Assets
- $2.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 1
- Location
- Hewlett, NY
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 13-3938057
Organization Overview
Musella Foundation For Brain Tumor Research & Information Inc is located in Hewlett, NY. The organization was established in 1998. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Musella Foundation For Brain Tumor Research & Information Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Musella Foundation For Brain Tumor Research & Information Inc generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Musella Foundation For Brain Tumor Research & Information Inc has awarded 85 individual grants totaling $3,623,506. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE AND SURVIVAL TIMES FOR BRAIN TUMOR PATIENTS BY USING COMPUTER TECHNLOGY TO STREAMLINE THE FLOW OF INFORMATION, ORGANIZE THE BRAIN TUMOR COMMUNITY AND RAISE MONEY FOR BRAIN TUMOR RESEARCH. THE ORGANIZATION ALSO RUNS A COPAYMENT ASSISTANCE PROGRAM FOR MALIGNANT BRAIN TUMOR PATIENTS, WHICH HELPS THE PATIENTS PAY FOR THE HIGH COST OF TREATMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RAISED MONEY AND AWARDED GRANTS FOR BRAIN TUMOR RESERACH. THEY SEEK OUT THE MOST INNOVATIVE AND IMPORTANT PROJECTS TO FUND AND SOME OF THE PROJECTS HAVE ALREADY MADE AN IMPACT FOR THIS DISEASE. THE ORGANIZATION MEETS THESE GOALS VIA THE WEBSITE, WWW.VIRTUALTRIALS.COM, ONLINE SUPPORT GROUPS, EMAIL, AND A TOLL FREE PATIENT HELP PHONE LINE. THE ORGANIZATION FINDS TREATMENT OPTIONS, MATHCES THEM TO CLINICAL TRIALS AND EDUCATES THEM ABOUT THE DISEASE. THE ORGANIZATION'S WEBSITE IS ONE OF THE MOST COMPREHENSIVE RESOURCES AVAILABLE FOR BRAIN TUMOR PATIENTS TO LEARN ABOUT THE DISEASE. THE ORGANIZATION HAS ALSO PARTNERED WITH GOOGLE TO PROVIDE BRAIN TUMOR INFORMATION THROUGH GOOGLE.COM.
THE ORGANIZATION RUNS A COPAYMENT ASSISTANCE PROGRAM FOR MALIGNANT BRAIN TUMOR PATIENTS WHO HAVE INSURANCE, MEET CERTAIN ELIGIBILITY REQUIREMENTS, AND NEED HELP PAYING FOR TREATMENTS. THE ORGANIZATION IS ALSO PERMITTED TO EXPEND A SPECIFIED AMOUNT OF THE PROGRAM FUNDS FOR MANAGEMENT AND GENERAL RELATED TO ADMINISTERING THE PROGRAM PURSUANT TO THE CONTRACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert Musella DPM President | Officer | 37 | $204,780 |
Neal Houslanger Secretary | Officer | $0 | |
Steven Ruttgeizer Treasurer | Officer | $0 | |
Mitchell Siegel Vice Preside | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $52,139 |
| Related organizations | $0 |
| Government grants | $20,832 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,373,039 |
| Noncash contributions included in lines 1a–1f | $80,338 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,446,010 |
| Total Program Service Revenue | $0 |
| Investment income | $5,691 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,451,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $429,060 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $204,780 |
| Compensation of current officers, directors, key employees. | $40,956 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $34,500 |
| Other employee benefits | $0 |
| Payroll taxes | $11,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,163 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $79,288 |
| Office expenses | $17,381 |
| Information technology | $5,021 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $518 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,257 |
| Insurance | $1,235 |
| All other expenses | $7,727 |
| Total functional expenses | $1,253,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $944,642 |
| Savings and temporary cash investments | $1,006,934 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,415 |
| Investments—publicly traded securities | $113,183 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,068,174 |
| Accounts payable and accrued expenses | $15,535 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,535 |
| Net assets without donor restrictions | $943,634 |
| Net assets with donor restrictions | $1,109,005 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,068,174 |
Grants Awarded
Over the last fiscal year, Musella Foundation For Brain Tumor Research & Information Inc has awarded $427,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: RESEARCH GRANT | $105,000 |
PERSONALIZED CANCER MEDICINE PLLC PURPOSE: RESEARCH GRANT | $75,000 |
THE UNIVERSITY OF TEXASUT MDACC PURPOSE: RESEARCH GRANT | $50,000 |
Boston, MA PURPOSE: RESEARCH GRANT | $35,000 |
UNIVERSITY OF MIAMISCHOOL OF MEDICINE PURPOSE: RESEARCH GRANT | $30,000 |
Cincinnati, OH PURPOSE: RESEARCH GRANT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Musella Foundation For Brain Tumor Research & Information Inc has recieved totaling $14,900.
| Awarding Organization | Amount |
|---|---|
Fredy Rosenbaum Foundation Palo Alto, CA PURPOSE: IMPROVING THE QUALITY OF LIFE, MEDICAL CARE AND SURVIVALTIMES FOR BRAIN TUMOR PATIENTS | $14,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Health Services Inc Hartford, CT | $18,052,778 | $22,284,451 |
Good Shepherd Specialty Hospital Allentown, PA | $18,736,864 | $17,427,993 |
Tgch Inc Waynesburg, PA | $21,231,985 | $18,105,026 |
Neurology Associates Of Stony Brook University Faculty Practice Corp Stony Brook, NY | $2,614,505 | $18,038,733 |
Premier Healthcare Inc New York, NY | $20,734,387 | $17,244,190 |
Community Health Center Of Richmond Inc Staten Island, NY | $22,226,092 | $19,517,263 |
Community Health And Dental Care Inc Pottstown, PA | $5,981,782 | $16,427,913 |
Virtua Health & Rehabilitation Center At Berlin Inc Marlton, NJ | $7,424,468 | $9,495,012 |
Tufts Veterinary Emergency Treatment And Specialties Inc North Grafton, MA | $9,188,214 | $15,319,353 |
Mmc Corporation Bronx, NY | $89,478,575 | $18,523,216 |
Stony Brook Urology University Faculty Practice Corporation Stony Brook, NY | $2,751,463 | $14,795,289 |
Stony Brook Dermatology Associates University Faculty Practice Corpor Stony Brook, NY | $2,421,763 | $13,632,457 |