Accelerate Brain Cancer Cure Inc
- Assets
- $0.0
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Washington, DC
- Founding
- 07/2002
- Data as of
- 12/2019
- EIN
- 52-2320756
Organization Overview
Accelerate Brain Cancer Cure Inc is located in Washington, DC. The organization was established in 2002. 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 12/2019, Accelerate Brain Cancer Cure Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accelerate Brain Cancer Cure 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 12/2019, Accelerate Brain Cancer Cure Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $4.0m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Accelerate Brain Cancer Cure Inc has awarded 40 individual grants totaling $5,649,895. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
ACCELERATE BRAIN CANCER CURE HAS A SINGLE FOCUS-TO HASTEN THE DISCOVERY OF A CURE FOR BRAIN CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCELERATE BRAIN CANCER CURE, INC. (ABC2) BELIEVES A FOCUSED AND AGGRESSIVE ENTREPRENEURIAL MODEL WILL INCREASE THE NUMBER OF THERAPIES DISCOVERED AND ENABLE THOSE THERAPIES TO BE AVAILABLE TO DOCTORS AND PATIENTS MORE QUICKLY. ABC2 PROVIDES RESEARCHERS WITH THE PIVOTAL SUPPORT THEY NEED TO MAKE CRITICAL BREAKTHROUGHS. IT FUNDS TRANSLATIONAL RESEARCH AIMED AT FINDING THE FASTEST POSSIBLE ROUTE TO A CURE. ABC2 SUPPORTS A RANGE OF MEDICAL RESEARCH ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Max Wallace President And CEO | Officer | 40 | $536,539 |
David Sandak Vp/secretary/treasurer | Officer | 40 | $318,748 |
Steve Case Chairman & Co-Founder | OfficerTrustee | 1 | $0 |
Doug Holladay Member | Trustee | 1 | $0 |
Nancy Pfund Member | Trustee | 1 | $0 |
Jean Case Co-Founder | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,059,338 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $351,006 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,410,344 |
| Total Program Service Revenue | $0 |
| Investment income | $21,130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,111 |
| Net Income from Fundraising Events | -$253,652 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,166,711 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,499,437 |
| 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 | $884,489 |
| Other salaries and wages | $208,375 |
| Pension plan accruals and contributions | $4,857 |
| Other employee benefits | $7,300 |
| Payroll taxes | $47,858 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,761 |
| Fees for services: Accounting | $58,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $139,276 |
| Advertising and promotion | $0 |
| Office expenses | $14,725 |
| Information technology | $7,269 |
| Royalties | $0 |
| Occupancy | $17,889 |
| Travel | $29,597 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,970 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $38,104 |
| All other expenses | $4,892 |
| Total functional expenses | $3,986,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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 | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Accelerate Brain Cancer Cure Inc has awarded $2,499,437 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Newton, MA PURPOSE: TO PROMOTE BRAIN CANCER RESEARCH. | $1,861,035 |
Chapel Hill, NC PURPOSE: TO SUPPORT THE PROJECT TITLED "DEVELOPING TUMOR-HOMING STEM CELL BEACONS FOR IMMUNE-BASED CANCER THERAPY." | $169,292 |
Cambridge, MA PURPOSE: GBM CASES FOR CLIA SOMTIC WES - 2017 | $156,726 |
Oakland, CA PURPOSE: TO SUPPORT THE EVALUATION OF ALTERNATIVE IMAGING ENDPOINTS FOR MIDLINE GLIOMAS. | $116,523 |
TEMPUS INC PURPOSE: RESEARCH SEQUENCING | $97,200 |
Boston, MA PURPOSE: TO SUPPORT A PROGRAM THAT PROVIDES ROBUST CLINICAL GENOMIC PROFILING FOR BRAIN CANCER PATIENTS. | $56,865 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Accelerate Brain Cancer Cure Inc has recieved totaling $21,959.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,361 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,361 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $7,237 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usagainstalzheimers Washington, DC | $8,313,876 | $12,845,054 |
Accelerate Brain Cancer Cure Inc Washington, DC | $0 | $1,166,711 |
Urology Care Foundation Inc Linthicum, MD | $76,869,441 | $7,067,880 |
Hope For Henry Foundation Washington, DC | $2,134,104 | $1,677,257 |
The Childrens Cancer Foundation Inc Columbia, MD | $1,439,343 | $1,526,844 |
The Lilabean Foundation Inc Silver Spring, MD | $566,556 | $655,086 |
Respiratory Compromise Institute Alexandria, VA | $112,334 | $140,030 |
There Goes My Hero Timonium, MD | $289,030 | $315,789 |
Fight 4 Diabetes Cure Inc Kensington, MD | $6,069 | $0 |
For Love Of Molly Richmond, VA | $41,179 | $0 |
Ara Research Institute Nfp Washington, DC | $560 | $87,380 |
Alexs Army Childhood Cancer Foundation Inc Haymarket, VA | $84,078 | $138,536 |