The Lilabean Foundation Inc
- Assets
- $566.6k
- Revenue
- $655.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Silver Spring, MD
- Founding
- 02/2013
- Data as of
- 12/2021
- EIN
- 45-4877388
Organization Overview
The Lilabean Foundation Inc is located in Silver Spring, MD. The organization was established in 2013. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. As of 12/2021, Lilabean Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lilabean Foundation 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, Lilabean Foundation Inc generated $655.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $667.6k during the year ending 12/2021. 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
THE ORGANIZATION WAS FOUNDED TO HELP SAVE THE LIVES OF THE 4,000 CHILDREN A YEAR WHO ARE DIAGNOSED WITH PEDIATRIC BRAIN CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO FUND RESEARCH FOR PEDIATRIC BRAIN CANCER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Giroux Executive Director | OfficerTrustee | 40 | $68,210 |
Susan Nester Vice President | OfficerTrustee | 5 | $0 |
John-Paul Purssord President | OfficerTrustee | 5 | $0 |
Mary Devilbiss Secretary | OfficerTrustee | 5 | $0 |
Jennifer Corrigan Treasurer | OfficerTrustee | 5 | $0 |
Kevin Rowe Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $381,854 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $241,857 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $623,711 |
| Total Program Service Revenue | $0 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,957 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,598 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $655,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $482,315 |
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $68,210 |
| Compensation of current officers, directors, key employees. | $27,284 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,470 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,360 |
| Payroll taxes | $7,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,753 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,585 |
| Advertising and promotion | $21,411 |
| Office expenses | $19,479 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,366 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $354 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $251 |
| Insurance | $3,013 |
| All other expenses | $0 |
| Total functional expenses | $667,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $565,819 |
| Savings and temporary cash investments | $0 |
| 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 | $737 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $566,556 |
| Accounts payable and accrued expenses | $4,371 |
| Grants payable | $250,000 |
| 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 | $26,894 |
| Other liabilities | $0 |
| Total liabilities | $281,265 |
| Net assets without donor restrictions | $285,291 |
| 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 | $566,556 |
Grants Awarded
Over the last fiscal year, The Lilabean Foundation Inc has awarded $482,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: Research | $432,000 |
Philadelphia, PA PURPOSE: Covid family relief | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that The Lilabean Foundation Inc has recieved totaling $79,085.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $33,232 |
Allegis Group Foundation Inc Hanover, MD PURPOSE: GENERAL USE | $20,000 |
V3gate Foundation Colorado Springs, CO PURPOSE: BRAIN CANCER RESEARC | $10,000 |
Quinn Foundation Leawood, KS PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Terry And Peggy Dunn Family Foundation Leawood, KS PURPOSE: GENERAL OPERATIONAL SUPPORT | $5,000 |
Navesink Foundation Rumson, NJ PURPOSE: CHARITABLE CONTRIBUTION - ORGANIZATION COMMITTED TO SUPPORTING THE FUNDING OF PEDIATRIC BRAIN TUMOR RESEARCH | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Commonwealth Foundation For Cancer Research Foundation Richmond, VA | $31,990,703 | $16,751,552 |
Usagainstalzheimers Washington, DC | $8,313,876 | $12,845,054 |
The Association For Frontotemporal Degeneration King Of Prussia, PA | $44,796,969 | $12,057,958 |
Childrens Oncology Group Foundation Philadelphia, PA | $22,837,173 | $7,487,855 |
Accelerate Brain Cancer Cure Inc Washington, DC | $0 | $1,166,711 |
Fox Chase Cancer Center Foundation Philadelphia, PA | $63,333,365 | $6,307,847 |
Urology Care Foundation Inc Linthicum, MD | $76,869,441 | $7,067,880 |
Hope For Henry Foundation Washington, DC | $2,134,104 | $1,677,257 |
American Foundation For Children With Aids Inc Harrisburg, PA | $518,393 | $1,638,509 |
The Childrens Cancer Foundation Inc Columbia, MD | $1,439,343 | $1,526,844 |
The Naspghan Foundation Ambler, PA | $6,522,780 | $1,880,637 |
The Lilabean Foundation Inc Silver Spring, MD | $566,556 | $655,086 |