Life Raft Group Inc

Organization Overview

Life Raft Group Inc is located in Wayne, NJ. The organization was established in 2002. According to its NTEE Classification (G70) the organization is classified as: Digestive Diseases & Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Life Raft Group Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Raft Group 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 12/2021, Life Raft Group Inc generated $2.0m 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 (10.2%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ENHANCING SURVIVAL AND QUALITY OF LIFE FOR PEOPLE LIVING WITH GIST THROUGH PATIENT-POWERED RESEARCH, EDUCATION, EMPOWERMENT AND GLOBAL ADVOCACY EFFORTS. THE VISION IS TO CHAMPION PATIENT-POWERED SCIENCE AND DRASTICALLY INCREASE LONG-TERM SURVIVORSHIP FOR GIST CANCER PATIENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RESEARCH: WE FUND AND MANAGE UNIQUELY COORDINATED RESEARCH INITIATIVES THAT ALWAYS KEEP THE NEEDS OF GIST PATIENTS FOREMOST. THE LIFE RAFT GROUP (LRG) CONTINUES TO LEAD A COLLABORATIVE TEAM OF WORLD-RENOWNED SCIENTISTS AND CLINICIANS IN GIST. LRG HAS THE LARGEST GIST PATIENT REGISTRY IN THE WORLD. OUR RESEARCH PARADIGM IS PATIENT-POWERED SCIENCE FOR LIFE, A COMPREHENSIVE APPROACH THAT COMPLEMENTS TRADITIONAL RESEARCH WITH REAL-WORLD EVIDENCE SUPPORTED BY DATA FROM OUR PROPRIETARY PLATFORMS, OUR GIST PATIENT REGISTRY, GIST/PRIME, PROJECT SURVEILLANCE AND SIDEEQ, OUR SIDE EFFECTS MANAGEMENT TOOL.


INFORMATION, EDUCATION, ADVOCACY, OUTREACH & ENGAGEMENT: THE LRG PROVIDES SUPPORT, INTERVENTION, EDUCATION AND CLINICAL EXPERTISE TO GIST PATIENTS, THEIR FAMILIES AND CAREGIVERS. LOCAL SUPPORT IS AVAILABLE TO THE GIST COMMUNITY THROUGH A NETWORK OF LRG STATE LEADERS AND VOLUNTEERS. OUR EDUCATION PROGRAMS ARE OFFERED WORLDWIDE. OUR GIST DAYS OF LEARNING AND OUR BIENNIAL LIFE FEST EVENT GATHER EXPERTS FROM ACROSS THE GLOBE TO BRING THE MOST UP TO DATE INFORMATION ON GIST RESEARCH, EMERGING THERAPIES AND UPDATES ON THE WORLD OF GIST. OUR OUTREACH AND ENGAGEMENT EFFORTS ALSO INCLUDE PATIENT SUPPORT GROUPS, FOCUS GROUPS, MONTHLY WEBCASTS, OUR NEWLY REVISED WEBSITE, ACCESS TO OUR CLINICAL TRIALS DATA BASE AND OUR WORLDWIDE GIST SPECIALIST DATABASE. EXPERT PATIENT TRAINING IS OFFERED TO ALL MEMBERS. OUR ADVOCACY EFFORTS ARE ON BOTH A LOCAL AND NATIONAL LEVEL. PARTNERING WITH OTHER ADVOCACY GROUPS IN THE RARE DISEASE SPACE, WE ADVOCATE FOR MANY ISSUES OF BENEFIT TO OUR PATIENT COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Norman J Scherzer
Executive Director
$131,250
Laura Occhiuzzi
VP - Executive Director
$100,000
Jerry Cudzil
President
$0
Stan Bunn
Past President
$0
Gary Glasser
Secretary/treasurer
$0
Rodrigo Salas
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$65,748
Related organizations$0
Government grants $251,560
All other contributions, gifts, grants, and similar amounts not included above$1,558,060
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,875,368
Total Program Service Revenue$0
Investment income $1,027
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $97,041
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,973,515

Grants Awarded

Over the last fiscal year, Life Raft Group Inc has awarded $262,500 in support to 7 organizations.

Grant RecipientAmount

STANFORD UNIVERSITY

Org PageRecipient Profile

Redwood City, CA

PURPOSE: TO CONDUCT RESEARCH REGARDING TREATMENT RESISTANCE IN GIST PATIENTS.

$37,500

BRIGHAM & WOMEN'S HOSPITAL

Org PageRecipient Profile

Somerville, MA

PURPOSE: TO CONDUCT RESEARCH REGARDING TREATMENT RESISTANCE IN GIST PATIENTS.

$37,500

CLEVELAND CLINIC

PURPOSE: TO CONDUCT RESEARCH REGARDING TREATMENT RESISTANCE IN GIST PATIENTS.

$37,500

UNIVERSITY OF PITTSBURGH

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: TO CONDUCT RESEARCH REGARDING TREATMENT RESISTANCE IN GIST PATIENTS.

$37,500

PORTLAND VA RESEARCH FOUNDATION

Org PageRecipient Profile

Portland, OR

PURPOSE: TO CONDUCT RESEARCH REGARDING TREATMENT RESISTANCE IN GIST PATIENTS.

$37,500

PORTLAND VA MEDICAL CENTER

Org PageRecipient Profile

Portland, OR

PURPOSE: TO CONDUCT RESEARCH REGARDING TREATMENT RESISTANCE IN GIST PATIENTS.

$37,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Life Raft Group Inc has recieved totaling $32,142.

Awarding OrganizationAmount
$25,000
Perkins Foundation

Wayzata, MN

PURPOSE: GENERAL SUPPORT

$2,500
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$2,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$1,136
Price Philanthropies Foundation

La Jolla, CA

PURPOSE: GENERAL SUPPORT

$1,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$200
View Grant Recipient Profile

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