N-Lorem Foundation
- Assets
- $13.3m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 31
- Location
- Carlsbad, CA
- Founding
- Data as of
- 12/2023
- 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 12/2023, N-Lorem Foundation employed 31 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 12/2023, N-Lorem Foundation generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $14.2m 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
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Glass COO | Officer | 40 | $420,833 |
Laury Mignon Executive Director, Clinical Develo | 40 | $312,435 | |
Julie Douville Executive Director, Aso Discovery | 40 | $279,974 | |
Amy Williford Sr. Dir. Of Communications | 40 | $240,975 | |
Cedrik Ngongang Senior Director, M | 40 | $240,879 | |
Kimberly Butler Sr. Dir. Of Ope | Officer | 40 | $199,828 |
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 | $6,498,151 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,498,151 |
| Total Program Service Revenue | $0 |
| Investment income | $365,525 |
| 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 | $6,864,176 |
| 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. | $2,590,971 |
| Compensation of current officers, directors, key employees. | $200,333 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,291,031 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $280,254 |
| Payroll taxes | $297,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,062 |
| Fees for services: Accounting | $32,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $367,415 |
| Advertising and promotion | $0 |
| Office expenses | $170,145 |
| Information technology | $322,279 |
| Royalties | $0 |
| Occupancy | $133,684 |
| Travel | $65,754 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,998 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $265,320 |
| Insurance | $76,952 |
| All other expenses | $0 |
| Total functional expenses | $14,216,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,489 |
| Savings and temporary cash investments | $5,282,360 |
| Pledges and grants receivable | $6,458,260 |
| 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 | $57,297 |
| Net Land, buildings, and equipment | $1,217,017 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $172,226 |
| Total assets | $13,344,649 |
| Accounts payable and accrued expenses | $1,874,002 |
| 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 | $42,233 |
| Total liabilities | $1,916,235 |
| Net assets without donor restrictions | $6,635,791 |
| Net assets with donor restrictions | $4,792,623 |
| 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 | $13,344,649 |