Technology Against Als Foundation Inc
- Assets
- $62.5k
- Revenue
- $150.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Parsippany, NJ
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 45-5365257
Organization Overview
Technology Against Als Foundation Inc is located in Parsippany, NJ. The organization was established in 2014. According to its NTEE Classification (G99) the organization is classified as: Voluntary Health Associations & Medical Disciplines N.E.C., under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Technology Against Als 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, Technology Against Als Foundation Inc generated $150.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $119.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) 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 IMPROVE THE QUALITY OF LIFE FOR PATIENTS WITH ALS AND LOCKED IN SYNDROME BY EXPLOITING THE LATEST TECHNOLOGIES AVAILABLE TODAY. TO DEVELOP AND DISTRIBUTE DEVICES THAT ENABLE ALS PATIENTS TO CONTROL THEIR ENVIROMENT AND TO COMMUNICATE USING ONLY THEIR EYES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOAL IS TO BUILD AN EASY TO USE, LOW-COST, PORTABLE, AND STANDALONE AAC COMMUNICATOR THAT WILL ENABLE PATIENTS WITH ALS OR OTHER DISABILITIES AND IMPAIRMENTS TO COMMUNICATE USING ONLY EYE MOVEMENTS. USING EYE TRACKING TECHNOLOGY COMBINED WITH PROPRIETARY METHODOLOGY, USERS OF THE COMMUNICATOR WILL BE ABLE TO TYPE LETTERS, WORDS, AND SENTENCES WITH EYE MOVEMENTS THAT ARE AS SIMPLE AS LOOKING UP AND LOOKING DOWN. WHEN THE USER IS DONE WRITING, THE COMMUNICATOR CAN CONVERT THE TEXT TO SPEECH, SMS, E-MAIL, OR VOICE MESSAGING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandeep Tungare Trustee | Trustee | 3 | $0 |
Milind Gupte Trustee | Trustee | 1 | $0 |
Amitabh Patil Trustee | Trustee | 1 | $0 |
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 | $150,065 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,065 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $150,065 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $115,500 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $119,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,490 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $62,490 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $62,490 |
| 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 | $62,490 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Technology Against Als Foundation Inc has recieved totaling $50,042.
| Awarding Organization | Amount |
|---|---|
Vishal Foundation Inc New Vernon, NJ PURPOSE: GENERAL PURPOSE | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $42 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Monmouth Cares Inc West Long Branch, NJ | $5,645,264 | $11,079,397 |
Gbs Cidp Foundation International Conshohocken, PA | $13,412,420 | $4,358,358 |
Success America Roslyn, PA | $5,901 | $1,796,000 |
Rheumatology Advanced Practice Providers Inc Clark, NJ | $199,803 | $984,000 |
Malignant Hyperthermia Association Of The United State Mhaus Sherburne, NY | $2,318,292 | $601,778 |
National Lymphedema Network Inc New York, NY | $302,169 | $405,495 |
Jewish Union Foundation Of New Jersey Inc Teaneck, NJ | $111,771 | $352,954 |
Airway Revolution Foundation Inc Staten Island, NY | $35,419 | $0 |
Technology Against Als Foundation Inc Parsippany, NJ | $62,490 | $150,065 |
Beyond My Battle Inc Saratoga Springs, NY | $115,005 | $0 |
Larry Bruno Foundation Pittsburgh, PA | $96,111 | $0 |
Autism Movement Project Acquisition Inc Red Bank, NJ | $28,023 | $0 |