Termeer Foundation Inc
- Assets
- $1.8m
- Revenue
- $259.5k
- Investments
- $45.2k
- Employees
- 3
- Location
- Marblehead, MA
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 83-3891656
Organization Overview
Termeer Foundation Inc is located in Marblehead, MA. The organization was established in 2019. According to its NTEE Classification (H40) the organization is classified as: Diseases of Specific Organs Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, Termeer Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Termeer 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.
For the year ending 12/2021, Termeer Foundation Inc generated $259.5k in total revenue. All expenses for the organization totaled $672.8k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS ESTABLISHED TO CONTINUE THE WORK OF THE LATE HENRI TERMEER. THE ORGANIZATION WILL PROVIDE A FORUM FOR BIOTECHNOLOGY LEADERS WHO, LIKE HENRI, WISH TO VOLUNTEER TO EDUCATE AND MENTOR YOUNGER AND ASPIRING BIOTECHNOLOGY ENTREPRENEURS, TO GIVE THEM THE TOOLS THEY NEED TO DEVELOP CAREERS IN CUTTING-EDGE SCIENCE AND PATIENT CARE, WHICH IN TURN WILL CREATE OPPORTUNITIES FOR SCIENTIFIC ADVANCEMENTS TO ADDRESS IMPORTANT UNMET AND CRITICAL MEDICAL NEEDS. IN ADDITION, THROUGH THE LEADERSHIP AND VOLUNTEERISM OF THESE MENTORS, THE ORGANIZATION WILL FOSTER SCIENTIFIC AND MEDICAL COLLABORATION, AND SUPPORT OPPORTUNITIES FOR INTERDISCIPLINARY RESEARCH TO ADVANCE INNOVATION IN SCIENCE AND MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORNERSTONE OF THE TERMEER FOUNDATION IS THE HENRI TERMEER NETWORK, AN EVER-EXPANDING GROUP OF EMERGING AND ESTABLISHED HEALTHCARE LEADERS WHO POOL THEIR COLLECTIVE EXPERIENCE TO ADVANCE CURES. THE NETWORK CONSISTS OF HIGHLY EXPERIENCED MENTORS, INDUSTRY SUPPORTERS, AND HENRI TERMEER FELLOWS, WHO ARE TYPICALLY COMPANY FOUNDERS AND FIRST-TIME CEOS. THE TERMEER FOUNDATION BELIEVES MANY HEALTHCARE CHALLENGES CAN BE SOLVED THROUGH THE MENTORING, SUPPORT, COMMUNICATION AND SHARED EXPERIENCE PROVIDED THROUGH THE NETWORK.THE TERMEER FOUNDATION ALSO SEEKS TO INTEGRATE THE NETWORK WITH INDIVIDUALS AND ORGANIZATIONS ACROSS THE HEALTHCARE ECOSYSTEM, SUCH AS ACADEMIC INSTITUTIONS, NONPROFITS AND REGULATORY AGENCIES, TO PROVIDE EXPERT COUNSEL, STIMULATE INNOVATION, ELIMINATE BARRIERS TO PROGRESS, AND ULTIMATELY ADVANCE CURES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catharine Smith Executive Director | Officer | 40 | $187,498 |
Alan Walts Director/treasurer | OfficerTrustee | 0 | $0 |
Belinda Termeer Director/president & Clerk | OfficerTrustee | 0 | $0 |
Gail Maderis Director | Trustee | 0.5 | $0 |
John Maraganore Director | Trustee | 0.5 | $0 |
Joan Reede Director | Trustee | 0.5 | $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 | $257,782 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $257,782 |
| Total Program Service Revenue | $0 |
| Investment income | $1,764 |
| 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 | $259,546 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| 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. | $208,518 |
| Compensation of current officers, directors, key employees. | $104,259 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,666 |
| Pension plan accruals and contributions | $1,338 |
| Other employee benefits | $0 |
| Payroll taxes | $12,281 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,429 |
| Fees for services: Accounting | $12,436 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $11,383 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $230,623 |
| Advertising and promotion | $0 |
| Office expenses | $8,693 |
| Information technology | $6,203 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,346 |
| Interest | $629 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $280 |
| Insurance | $903 |
| All other expenses | $0 |
| Total functional expenses | $672,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,242 |
| Savings and temporary cash investments | $1,646,471 |
| 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 | $2,241 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $45,186 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,225 |
| Total assets | $1,750,365 |
| Accounts payable and accrued expenses | $45,186 |
| 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 | $45,186 |
| Net assets without donor restrictions | $1,705,179 |
| 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 | $1,750,365 |
Grants Awarded
Over the last fiscal year, Termeer Foundation Inc has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: EVENING OF HOPE SCHOLARSHIPS | $15,000 |
Boston, MA PURPOSE: SPONSORSHIP FOR INNOVATORS IN HEALTH AWARDS | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Termeer Foundation Inc has recieved totaling $7,277.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $7,277 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Scleroderma Foundation Danvers, MA | $11,463,074 | $4,581,467 |
Usher 1f Collaborative Inc Newtonville, MA | $1,300,335 | $1,082,978 |
Termeer Foundation Inc Marblehead, MA | $1,750,365 | $259,546 |
Scleroderma Foundation Tri State Chapter Inc Binghamton, NY | $974,224 | $314,907 |
Foundation For Reproductive Medicine New York, NY | $63,851 | $0 |
Cgat Research Foundation Inc Needham, MA | $20,131 | $0 |
Salgi Esophageal Cancer Research Foundation East Greenwich, RI | $342,323 | $90,543 |
Overcoming Multiple Sclerosis Usa Inc Brooklyn, NY | $37,871 | $0 |
International Childrens Continence Society Inc Chappaqua, NY | $195,461 | $0 |
Domar Foundation Inc Waltham, MA | $38,156 | $0 |
New York Fertility Research Foundation Inc New York, NY | $67,492 | $0 |
New Age Research Foundation New Hyde Park, NY | $8,129 | $0 |