Phase One
- Assets
- $5.5m
- Revenue
- $922.4k
- Investments
- $4.4m
- Employees
- 6
- Location
- Santa Monica, CA
- Founding
- 01/2002
- Data as of
- 12/2021
- EIN
- 91-2129319
Organization Overview
Phase One is located in Santa Monica, CA. The organization was established in 2002. According to its NTEE Classification (G30) the organization is classified as: Cancer, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Phase One employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phase One 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, Phase One generated $922.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $916.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Phase One has awarded 36 individual grants totaling $6,265,950. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO PHASE 1 CLINICAL RESEARCH AND TREATMENT PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PHASE 1 PROGRAM PROVIDES SUPPORT TO CLINICAL RESEARCH & TREATMENT PROGRAMS AT VARIOUS RESEARCH CENTERS IN THE SOUTHERN CALIFORNIA AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alberto Valner President/ceo | OfficerTrustee | 10 | $0 |
Amanda Salvado Secretary | OfficerTrustee | 10 | $0 |
Robert White Treasurer | OfficerTrustee | 10 | $0 |
Mark Freeman Board Member | Trustee | 10 | $0 |
Diane V Allen Board Member | Trustee | 10 | $0 |
Jordan R Bernstein Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,827 |
| All other contributions, gifts, grants, and similar amounts not included above | $693,138 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $751,965 |
| Total Program Service Revenue | $0 |
| Investment income | $125,150 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,690 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $922,430 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $625,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,989 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,247 |
| Payroll taxes | $10,255 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,486 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,554 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,053 |
| Office expenses | $10,624 |
| Information technology | $9,102 |
| Royalties | $0 |
| Occupancy | $6,013 |
| Travel | $0 |
| 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 | $3,124 |
| All other expenses | $0 |
| Total functional expenses | $916,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,097 |
| Savings and temporary cash investments | $908,868 |
| 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 | $9,295 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,357,976 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,459,236 |
| 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 | $5,459,236 |
| 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 | $5,459,236 |
Grants Awarded
Over the last fiscal year, Phase One has awarded $625,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Duarte, CA PURPOSE: RESEARCH | $350,000 |
CHILDRENS HOSPITAL LA PURPOSE: RESEARCH | $150,000 |
Los Angeles, CA PURPOSE: RESEARCH | $125,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Phase One has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Hyman Levine Family Foundation Ldor Vdor Beverly Hills, CA PURPOSE: CHARITY/EDUCATION | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cancer Foundation Of Santa Barbara Santa Barbara, CA | $140,282,828 | $7,300,138 |
San Diego Biomedical Research Institute San Diego, CA | $909,214 | $5,504,252 |
Community Cancer Foundation Community Cancer Center Roseburg, OR | $14,030,914 | $4,410,312 |
Sickle Cell Disease Foundation Of California Ontario, CA | $4,104,863 | $4,836,100 |
Breast Cancer Prevention Partners San Francisco, CA | $2,793,497 | $4,186,179 |
Institute For Myeloma And Bone Cancer Research West Hollywood, CA | $278,054 | $1,373,547 |
Childrens Cancer Therapy Development Institute Beaverton, OR | $2,793,138 | $3,373,291 |
Nevada Childhood Cancer Foundation Las Vegas, NV | $5,927,888 | $2,178,590 |
Cancer Support Community San Francisco Bay Area Walnut Creek, CA | $11,805,932 | $3,261,669 |
Ronald Mcdonald House Charities Of Southern Arizona Inc Tucson, AZ | $12,570,894 | $2,512,886 |
Bay Area Cancer Connections Palo Alto, CA | $3,527,049 | $1,842,937 |
Aim At Melanoma Richmond, CA | $4,688,149 | $2,901,257 |