Cure Foundation
- Assets
- $336.8k
- Revenue
- $61.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Marina Del Rey, CA
- Founding
- 11/1976
- Data as of
- 07/2021
- EIN
- 51-0204585
Organization Overview
Cure Foundation is located in Marina Del Rey, CA. The organization was established in 1976. According to its NTEE Classification (H70) the organization is classified as: Digestive Diseases & Disorders 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. Cure 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 07/2021, Cure Foundation generated $61.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $55.3k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (22.8%) per year over the past 6 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 SUPPORT SCIENTIFIC RESEARCH CARRIED ON FOR THE PURPOSE OF DISCOVERY OF THE CAUSES, CURES, AND PREVENTION OF DIGESTIVE DISEASE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZE ULCER AND GASTROINTESTINAL SYMPOSIA, LECTURES AND CONFERENCES, PROVIDE EDUCATIONAL ENHANCEMENTS, ORGANIZE GI MEDICAL EDUCATIONAL MEETINGS, CONDUCT SURVEYS, AND PERFORM DATABASE RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Pandol MD President | OfficerTrustee | 2 | $0 |
Joyce Fried Vice President | OfficerTrustee | 2 | $0 |
Catia Sternini MD Secretary | OfficerTrustee | 2 | $0 |
Jonathan Kaunitz MD Treasurer | OfficerTrustee | 2 | $0 |
Yvette Tache PHD Director | Trustee | 1 | $0 |
Oscar Joseph Hines MD Director | 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 | $54,701 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,701 |
| Total Program Service Revenue | $0 |
| Investment income | $7,468 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$465 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,704 |
| 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 | $11,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,504 |
| Information technology | $2,372 |
| Royalties | $0 |
| Occupancy | $944 |
| 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 | $1,291 |
| Total functional expenses | $55,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,613 |
| Savings and temporary cash investments | $107,945 |
| 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 | $195,287 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $336,845 |
| 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 | $220,985 |
| Net assets with donor restrictions | $115,860 |
| 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 | $336,845 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Liver Research Institute Pasadena, CA | $201,052 | $1,113,267 |
Blinder Research Foundation For Crohns Disease Paradise Valley, AZ | $2,675,052 | $131,387 |
Cure Foundation Marina Del Rey, CA | $336,845 | $61,704 |
Academy Of Endoscopy Inc Woodside, CA | $513,115 | $30,000 |
Endovision Foundation San Francisco, CA | $390,798 | $0 |
Giissues Inc Granada Hills, CA | $28,237 | $0 |
Digestive Disease Research Foundation Encino, CA | $0 | $2,348 |