Lydian Accelerator
- Assets
- $4.8m
- Revenue
- $257.3k
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 08/2019
- Data as of
- 12/2023
- EIN
- 83-4634227
Organization Overview
Lydian Accelerator is located in San Francisco, CA. The organization was established in 2019. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lydian Accelerator 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 12/2023, Lydian Accelerator generated $257.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (34.5%) each year. All expenses for the organization totaled $201.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO BRING AN END TO THE LONG TAIL OF GENETIC DISEASE
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED A DRUG DISCOVERY PROGRAM FOR A NOVEL ALLELE SELECTIVE ANTISENSE OLIGONUCLEOTIDE MOLECULE TO KNOCKDOWN THE MUTANT KCNQ2 CAUSING DEVELOPMENT AND EPILEPTIC ENCEPHALOPATHY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rohan Seth President | OfficerTrustee | 25 | $0 |
Jennifer Seth Secretary | OfficerTrustee | 10 | $0 |
Cinnamon Chu Treasurer | OfficerTrustee | 1 | $0 |
Michael Chu Board Member | Trustee | 0.5 | $0 |
Rohan Dang Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $25,444 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $815 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,259 |
| Total Program Service Revenue | $0 |
| Investment income | $231,042 |
| 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 | $257,301 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $44,400 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,441 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,691 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $97 |
| Information technology | $692 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,114 |
| 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 | $0 |
| All other expenses | $140,941 |
| Total functional expenses | $201,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,228 |
| Savings and temporary cash investments | $4,795,193 |
| 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 | $4,797,421 |
| 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 | $0 |
| 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 | $4,797,421 |
| Total liabilities and net assets/fund balances | $4,797,421 |
Grants Awarded
Over the last fiscal year, Lydian Accelerator has awarded $243,484 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UCSF ALS PROJECT PURPOSE: cell differentiation | $12,364 |
APPLIED STEMCELL PURPOSE: Cell conf and expansion | $11,949 |
THAT MAN MAY SEE PURPOSE: cell differentiation | $10,000 |
BOSTON CHILDREN'S HOSPITAL PURPOSE: ASO research | $190,000 |
NORTHWESTERN UNIVERSITY PURPOSE: Establish iPSC cell lines | $19,171 |