Michael Toshio Cure For Cancer Foundation
- Assets
- $11.9m
- Revenue
- $5.6m
- Investments
- $6.3m
- Employees
- 0
- Location
- Burlingame, CA
- Founding
- Data as of
- 12/2022
- EIN
- 85-1395547
Organization Overview
Michael Toshio Cure For Cancer Foundation is located in Burlingame, CA. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael Toshio Cure For Cancer Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hisatomo Fukutomo Ceo, CFO | 40 | $210,455 | |
Garry K Cohen Secretary | 5 | $36,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,673,974 |
| Interest on Savings | $0 |
| Dividends & Interest | $126,218 |
| Net Rental Income | $29,345 |
| Net Gain on Sale of Assets | -$422,010 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,597,722 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $246,455 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $38,377 |
| Depreciation | $84,595 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $88,851 |
| Total operating and administrative expenses | $532,573 |
| Contributions, gifts, grants paid | $150,000 |
| Total expenses and disbursements | $682,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $843,386 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $4,803,797 |
| Investments—mortgage loans | $0 |
| Investments—other | $100,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,939,746 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Michael Toshio Cure For Cancer Foundation has awarded $150,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LELAND STANFORD JR UNIVERSITY PURPOSE: GENERAL SUPPORT | $100,000 |
V FOUNDATION PURPOSE: GENERAL SUPPORT | $50,000 |