Foregen

Organization Overview

Foregen is located in Chicago, IL. The organization was established in 2012. According to its NTEE Classification (G40) the organization is classified as: Diseases of Specific Organs, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foregen 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, Foregen generated $586.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.2% each year . All expenses for the organization totaled $239.5k during the year ending 12/2021. While expenses have increased by 25.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FOREGEN WAS CREATED IN 2010 THANKS TO DONOR FUNDS. FOREGEN OPERATES IN THE UNITED STATES AND EUROPE. FOREGEN IS ALSO TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS HEADED BY A BOARD OF CHARITABLE DIRECTORS WITH PARTICIPANTS AND DONORS ACROSS BOTH CONTINENTS AND BEYOND.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NEGOTIATING WITH RESEARCH INSTITUTES IN THE FIELD OF REGENERATIVE MEDICINE TO PROMOTE DERMAL REGENERATION FOR THE GENITALLY INJURED. FUND-RAISING FOR THE CLINICAL TRIALS NEEDED TO MAKE REGENERATIVE SOLUTIONS A REALITY.


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Board, Officers & Key Employees

Name (title)Compensation
Vincenzo Aiello
President & CEO
$29,020
Tyler Drozd
Chief Operations Officer
$11,509
Eric Cunningham
Chief Science Officer
$1,000
Carlo Alberto Cirioni
Vice President
$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$586,345
Noncash contributions included in lines 1a–1f $346,753
Total Revenue from Contributions, Gifts, Grants & Similar$586,345
Total Program Service Revenue$0
Investment income $0
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 $586,345

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Foregen has recieved totaling $13,682.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$13,682
View Grant Recipient Profile

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