Inadcure Foundation Inc
- Assets
- $728.2k
- Revenue
- $553.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfield, NJ
- Founding
- 04/2017
- Data as of
- 12/2023
- 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 31 individual grants totaling $2,517,098. 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
2023
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
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 |
Kristin Phillips Vice President | OfficerTrustee | 1 | $0 |
Megan Thomas Secretary | OfficerTrustee | 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 | $525,906 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $525,906 |
| Total Program Service Revenue | $0 |
| Investment income | $27,533 |
| 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 | $553,439 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $740,343 |
| 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 | $11,431 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,100 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,442 |
| Advertising and promotion | $0 |
| Office expenses | $822 |
| Information technology | $14,840 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,429 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,786 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,263 |
| All other expenses | $765 |
| Total functional expenses | $918,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $727,293 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $948 |
| 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 | $728,241 |
| 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 | $497,739 |
| Net assets with donor restrictions | $230,502 |
| 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 | $728,241 |
Grants Awarded
Over the last fiscal year, Inadcure Foundation Inc has awarded $1,538,592 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BAYOR COLLEGE OF MEDICINE | | | $0 |
OREGAN HEALTH AND SCIENCE UNIVER | | | $10,205 |
JACKSON LABORATORY | | | $0 |
ANDELYN BIOSCIENCES | | | $467,060 |
CHARLES RIVER DISCOVERY | | | $212,100 |
ALDEVRON LLC | | | $35,334 |