Croi Foundation
- Assets
- $4.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 02/2010
- Data as of
- 12/2021
- EIN
- 26-4033365
Organization Overview
Croi Foundation is located in Pittsburgh, PA. The organization was established in 2010. According to its NTEE Classification (H81) the organization is classified as: AIDS Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Croi Foundation 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, Croi Foundation generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A FORUM TO FACILITATE THE UNDERSTANDING, PREVENTION & TREATMENT OF HIV/AIDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CROI FOUNDATION'S CONFERENCE ON RETROVIRUSES AND OPPORTUNISTIC INFECTIONS (CROI) CONSISTENTLY ATTRACTS OVER 4,000 LEADING RESEARCHERS, CLINICIANS, AND GOVERNMENT AND INDUSTRY INVESTIGATORS IN DIVERSE BUT INTERRELATED AREAS OF AIDS RESEARCH FROM AROUND THE WORLD TO A SCIENTIFICALLY FOCUSED CONFERENCE TO FACILITATE THEIR UNDERSTANDING OF AND INVESTIGATION INTO THE PATHOGENESIS, PREVENTION AND TREATMENT OF HIV, RELATED VIRUSES, OTHER OPPORTUNISTIC PATHOGENS, AND THEIR COMPLICATIONS. CROI 2021 ADDED CORONAVIRUSES, SPECIFICALLY SARS-COV-2 AND COVID-19 TO THE VIRAL PATHOGENS THAT ARE ADDRESSED DURING THE CONFERENCE. THE CONFERENCE PROVIDES A FORUM FOR TRANSLATING LABORATORY AND CLINICAL RESEARCH INTO PROGRESS BY BRINGING TOGETHER LEADERS IN THE FIELD TO INTERACT WITH AND EDUCATE ONE ANOTHER REGARDING THE VERY LATEST RESULTS, TREATMENT METHODS AND STATE OF THE ART RESEARCH AND TECHNOLOGICAL ADVANCES. THE COVID-19 PANDEMIC REQUIRED A SHIFT TO A VIRTUAL CONFERENCE IN MARCH OF 2020 AND THIS NECESSITY CONTINUED IN 2021. THE 2021 CONFERENCE WAS HELD VIRTUALLY. THE COMPLEXITIES OF HAVING A VIRTUAL CONFERENCE RESULTED IN INCREASED ADMINISTRATIVE, AUDIOVISUAL, INFORMATION TECHNOLOGY AND LOGISTICAL COSTS, BUT THESE WERE GENERALLY OFFSET BY THE REDUCTION IN THE COSTS FOR TRAVEL AND ACCOMMODATIONS FOR ATTENDEES. THE CONFERENCE IS NOW IN ITS 29TH YEAR AND CONTINUES TO BE THE PREMIER HIGH LEVEL INTERNATIONAL CONFERENCE SUPPORTING THE ADVANCEMENT OF CUTTING-EDGE RESEARCH RELATED TO HIV, OTHER VIRAL INFECTIONS OF GLOBAL SIGNIFICANCE, AND THEIR COMPLICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Constance Benson President | OfficerTrustee | 1 | $0 |
John Coffin Secretary/treasurer | OfficerTrustee | 1 | $0 |
Robert Schooley Director | Trustee | 1 | $0 |
Susan Buchbinder Director | Trustee | 1 | $0 |
Scott Hammer Director (deceased 11/2021) | Trustee | 1 | $0 |
Landon Meyer Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ias-usa Conference Secretariat | 6/29/18 | $967,021 |
Washington State Convention Center Banquests, Catering, Convention Center | 6/29/18 | $371,920 |
Capital Reach Conference Webcasting | 6/29/18 | $110,580 |
Freeman General Services Contractor | 6/29/18 | $949,774 |
Levy Restaurants Food Service Lp Food Service | 6/29/18 | $138,113 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,422,219 |
| Investment income | $1,323 |
| 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 | $2,423,542 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $183,872 |
| Grants and other assistance to Foreign Orgs/Individuals | $146,250 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,580 |
| Fees for services: Accounting | $7,939 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,560 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,764,659 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $579 |
| All other expenses | $1,079 |
| Total functional expenses | $2,148,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,272 |
| Savings and temporary cash investments | $4,533,500 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,544,772 |
| Accounts payable and accrued expenses | $0 |
| 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 | $669,843 |
| Total liabilities | $669,843 |
| Net assets without donor restrictions | $3,874,929 |
| Net assets with donor restrictions | $0 |
| 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 | $4,544,772 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cares Of Ny Inc Albany, NY | $7,731,282 | $15,625,505 |
International Partnership For Microbicides Inc Silver Spring, MD | $0 | $9,961,492 |
Croi Foundation Pittsburgh, PA | $4,544,772 | $2,423,542 |
Gbc Health Inc New York, NY | $594,680 | $833,602 |
Aaron Diamond Aids Research Center For The City Of Ny New York, NY | $3,718,821 | $111,374 |
China Aids Fund Inc New York, NY | $692,040 | $61,153 |
Foundation For Control Of Hiv Drug Resistance Pittsburgh, PA | $470,349 | $0 |
Fighting Aids Continously Together Allentown, PA | $193,006 | $0 |
Abzyme Research Foundation New York, NY | $341,865 | $0 |