Inadcure Foundation Inc
- Assets
- $1.1m
- Revenue
- $938.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfield, NJ
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 81-4763783
Organization Overview
Inadcure Foundation Inc is located in Fairfield, NJ. The organization was established in 2017. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inadcure 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.
Since 2017, Inadcure Foundation Inc has awarded 21 individual grants totaling $1,114,807. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RESEARCH TOWARDS POSSIBLE TREATMENT AND CURE FOR INFANTILE NEUROAXONAL DYSTROPHY
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH TOWARDS POSSIBLE TREATMENT AND CURE FOR INFANTILE NEUROAXONAL DYSTROPHY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Phillips Vice President | OfficerTrustee | 1 | $0 |
Megan Thomas Secretary | OfficerTrustee | 1 | $0 |
Anil Panwala Treasurer | OfficerTrustee | 2 | $0 |
Leena Panwala President | OfficerTrustee | 20 | $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 | $938,437 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $938,437 |
| 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 | $938,437 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $317,912 |
| 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 | $40,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,735 |
| Advertising and promotion | $4,504 |
| Office expenses | $135 |
| Information technology | $14,628 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $293 |
| 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 | $880 |
| All other expenses | $754 |
| Total functional expenses | $522,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,091,322 |
| Savings and temporary cash investments | $2,052 |
| 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 | $1,093,374 |
| 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 | $489,783 |
| Net assets with donor restrictions | $603,591 |
| 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 | $1,093,374 |
Grants Awarded
Over the last fiscal year, Inadcure Foundation Inc has awarded $314,431 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Bar Harbor, ME | | $156,115 |
Waco, TX | | $89,852 |
ANDELYN BIOSCIENCES | | | $38,000 |
Portland, OR | | $30,464 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Inadcure Foundation Inc has recieved totaling $257,089.
| Awarding Organization | Amount |
|---|---|
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: RESEARCH | $100,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: RESEARCH | $100,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $45,541 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,130 |
Baird Foundation Inc Milwaukee, WI PURPOSE: EDUCATION | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Garnet Health Doctors Pc Middletown, NY | $50,171,701 | $81,156,131 |
The Westchester Medical Practice Pc Yorktown Heights, NY | $21,408,961 | $63,027,165 |
Hr Physician Services Huntingdon Valley, PA | $97,551,934 | $52,907,501 |
Evercare Choice Inc Newburgh, NY | $7,909,897 | $57,811,239 |
Behavioral Health Of Cambria County Johnstown, PA | $13,438,306 | $53,814,603 |
Lakeville Surgery Pc Westbury, NY | $0 | $24,920,784 |
Extraordinary Home Care Bayside, NY | $10,125,734 | $37,003,889 |
Person Directed Supports Inc Whitehall, PA | $7,470,318 | $33,920,174 |
Teva Cares Foundation Parsippany, NJ | $5,384,978 | $27,543,240 |
Visiting Nurse Association Of Somerset Hills Basking Ridge, NJ | $6,955,740 | $5,235,670 |
Mercy Flight Inc Buffalo, NY | $49,278,322 | $26,481,483 |
Cgfns International Inc Philadelphia, PA | $30,792,316 | $24,149,572 |