N-Lorem Foundation
- Assets
- $10.4m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Carlsbad, CA
- Founding
- Data as of
- 12/2021
- EIN
- 84-3288113
Organization Overview
N-Lorem Foundation is located in Carlsbad, CA. According to its NTEE Classification (G20) the organization is classified as: Birth Defects & Genetic Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, N-Lorem Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. N-Lorem Foundation 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, N-Lorem Foundation generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
N-LOREM'S MISSION IS CREATING INDIVIDUAL TREATMENTS FOR PATIENTS IN THE UNITED STATES WITH NANO-RARE DISEASES CAUSED BY GENETIC MUTATIONS THAT AFFECT APPROXIMATELY30 PATIENTS IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ADVANCED, EXPERIMENTAL RNA-TARGETED MEDICINES FREE OF CHARGE FOR LIFE TO PATIENTS LIVING WITH NANO-RARE DISEASES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Glass Cdo | OfficerTrustee | 40 | $108,306 |
Walter Singleton Board Member | OfficerTrustee | 4 | $0 |
Stanley T Crooke Chair/ceo | OfficerTrustee | 40 | $0 |
Joe Gleeson Cmo | OfficerTrustee | 4 | $0 |
Claire Grezemkovsky Director | Trustee | 4 | $0 |
Brian Birchler Dev Operations | Trustee | 4 | $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 | $2,992,404 |
| Noncash contributions included in lines 1a–1f | $110,812 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,992,404 |
| Total Program Service Revenue | $0 |
| Investment income | $947 |
| 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 | $2,993,351 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $481,624 |
| Compensation of current officers, directors, key employees. | $217,135 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,732 |
| Payroll taxes | $35,542 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,902 |
| Fees for services: Accounting | $32,063 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,495 |
| Advertising and promotion | $0 |
| Office expenses | $29,393 |
| Information technology | $4,613 |
| Royalties | $0 |
| Occupancy | $25,198 |
| Travel | $9,067 |
| 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 | $51,075 |
| All other expenses | $0 |
| Total functional expenses | $1,622,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,549,510 |
| Savings and temporary cash investments | $7,198,342 |
| Pledges and grants receivable | $622,098 |
| 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 | $47,156 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $575 |
| Total assets | $10,417,681 |
| Accounts payable and accrued expenses | $327,701 |
| 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 | $327,701 |
| Net assets without donor restrictions | $9,089,980 |
| Net assets with donor restrictions | $1,000,000 |
| 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 | $10,417,681 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that N-Lorem Foundation has recieved totaling $135,066.
| Awarding Organization | Amount |
|---|---|
Curedrpla Inc Brooklyn, NY PURPOSE: TO FURTHER DRPLA RESEARCH AND WORK TOWARDS TREATMENT FOR DRPLA. | $125,000 |
Childs Cure Genetic Research Non Profit Corporation Reno, NV PURPOSE: PRE-CLINICAL RESEARCH | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $66 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Cerebral Palsy Association Of Greater Sacramento Inc Sacramento, CA | $14,693,693 | $18,592,998 |
United Cerebral Palsy Association Of Central Arizona Phoenix, AZ | $10,877,966 | $8,970,873 |
United Cerebral Palsy Association Of Orange County Inc Santa Ana, CA | $8,705,434 | $6,383,637 |
United Cerebral Palsy Association Of Central California Inc Fresno, CA | $13,000,085 | $8,432,454 |
United Cerebral Palsy Association Of San Diego County San Diego, CA | $1,264,350 | $2,953,950 |
United Cerebral Palsy Association Inc Of Stanislaus County Modesto, CA | $3,496,418 | $3,168,490 |
United Cerebral Palsy Assn Of Hawaii Honolulu, HI | $373,804 | $1,935,393 |
N-Lorem Foundation Carlsbad, CA | $10,417,681 | $2,993,351 |
Hemophilia Foundation Of Southern California Pasadena, CA | $2,270,122 | $1,050,369 |
Gene Conley Foundation Las Vegas, NV | $6,577,995 | $689,452 |
United Cerebral Palsy Association Of San Francisco Oakland, CA | $2,671,097 | $275,180 |
Help 4 Hd International Elk Grove, CA | $229,364 | $343,280 |