Cure International Inc
- Assets
- $64.5m
- Revenue
- $39.9m
- Investments
- $0.0
- Employees
- 70
- Location
- Grand Rapids, MI
- Founding
- 10/1996
- Data as of
- 06/2022
- EIN
- 58-2248383
Organization Overview
Cure International Inc is located in Grand Rapids, MI. The organization was established in 1996. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, Cure International Inc employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cure International 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 06/2022, Cure International Inc generated $39.9m 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 (4.6%) each year. All expenses for the organization totaled $34.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CURE HOSPITALS PROVIDE SPECIALTY SURGERIES AND SPIRITUAL CARE TO UNDER-SERVED CHILDREN AND REGIONS.
Describe the Organization's Program Activity:
ESTABLISH HOSPITALS AND MEDICAL PROGRAMS AND ALSO PROVIDE FUNDING TO CONSTRUCT AND OPERATE CHILDREN'S HOSPITAL IN DEVELOPING COUNTRIES SUCH AS KENYA, ETHIOPIA, MALAWI, NIGER, UGANDA, ZAMBIA, ZIMBABWE, AND THE PHILIPPINES.DURING THE YEAR, CURE COMPLETED MORE SURGICAL PROCEDURES AND SAW MORE PEOPLE EXPRESS FAITH IN JESUS THAN ANY OTHER YEAR IN ITS HISTORY. - COMPLETED SURGERIES: 15,131- PATIENT VISITS: 90,914- FAITH EXPRESSIONS: 27,588
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Narducci President & CEO | OfficerTrustee | 40 | $238,745 |
Dr Rick Gardner Chief Medical Officer | Officer | 40 | $208,416 |
Peter Kyalo Chief Program Officer | Officer | 40 | $198,202 |
Dr Giorgio Lastroni Medical Director, Zambia | 40 | $196,026 | |
Dr Kaiser Rafael Medical Director, Malawi | 40 | $159,730 | |
David Helman Chief Financial Officer | Officer | 40 | $140,077 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Masterworks Inc Marketing | 6/29/22 | $103,738 |
Waymedia Network Services Radio Campaign | 6/29/22 | $584,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,500,696 |
| Related organizations | $519,526 |
| Government grants | $1,571,108 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,801,366 |
| Noncash contributions included in lines 1a–1f | $1,856,738 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,392,696 |
| Total Program Service Revenue | $2,202,498 |
| Investment income | $80,491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$473,560 |
| Net Income from Fundraising Events | -$329,336 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,110 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,923,691 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,110 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $280,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $763,254 |
| Compensation of current officers, directors, key employees. | $135,972 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,085,508 |
| Pension plan accruals and contributions | $788,393 |
| Other employee benefits | $3,706,183 |
| Payroll taxes | $1,244,050 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $123,180 |
| Fees for services: Accounting | $173,454 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $290,112 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,989,565 |
| Advertising and promotion | $587,956 |
| Office expenses | $726,088 |
| Information technology | $499,749 |
| Royalties | $0 |
| Occupancy | $1,281,401 |
| Travel | $904,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $312,518 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,641,799 |
| Insurance | $416,672 |
| All other expenses | $757,405 |
| Total functional expenses | $34,801,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,824,788 |
| Savings and temporary cash investments | $7,960,938 |
| Pledges and grants receivable | $5,166,360 |
| Accounts receivable, net | $732,117 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,110,373 |
| Prepaid expenses and deferred charges | $1,599,395 |
| Net Land, buildings, and equipment | $16,995,632 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,082,463 |
| Total assets | $64,472,066 |
| Accounts payable and accrued expenses | $1,327,412 |
| 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 | $433,150 |
| Total liabilities | $1,760,562 |
| Net assets without donor restrictions | $27,990,865 |
| Net assets with donor restrictions | $34,720,639 |
| 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 | $64,472,066 |
Grants Awarded
Over the last fiscal year, Cure International Inc has awarded $1,426,659 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Colorado Spgs, CO PURPOSE: Provide relief and assistance for ill, needy, and infants | $857,816 |
Pompano Beach, FL PURPOSE: Provide relief and assistance for ill, needy, and infants | $492,218 |
Fort Myers, FL PURPOSE: Provide relief and assistance for ill, needy, and infants | $30,936 |
Dallas, TX PURPOSE: Provide relief and assistance for ill, needy, and infants | $30,913 |
Zeeland, MI PURPOSE: Provide relief and assistance for ill, needy, and infants | $8,546 |
Hot Springs, SD PURPOSE: Provide relief and assistance for ill, needy, and infants | $6,230 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cure International Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Diane And Steve Clark Family Foundation Wilmington, DE PURPOSE: SPONSOR CHILD SURGERY | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercy-Usa For Aid And Development Inc Plymouth, MI | $10,231,459 | $64,709,039 |
Caring Partners International Inc Franklin, OH | $5,257,650 | $39,639,257 |
Cure International Inc Grand Rapids, MI | $64,472,066 | $39,923,691 |
World Medical Relief Incorporated Southfield, MI | $2,456,304 | $31,548,187 |
Christel House International Inc Indianapolis, IN | $93,680,993 | $18,546,381 |
Palestine Childrens Relief Fund Kent, OH | $38,017,792 | $21,671,085 |
Adventist Frontier Missions Inc Berrien Springs, MI | $13,681,877 | $9,406,971 |
Water For Good Indianapolis, IN | $3,104,528 | $5,973,756 |
Afrika Tikkun Usa Inc Columbus, OH | $5,127,068 | $10,291,044 |
Central American Medical Outreach Inc Orrville, OH | $1,259,322 | $3,903,731 |
International Samaritan Ann Arbor, MI | $25,596,341 | $2,530,295 |
Community Systems Foundation Ann Arbor, MI | $1,779,833 | $2,966,882 |