Myelin Repair Foundation Inc
- Assets
- $1.3m
- Revenue
- $285.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Saratoga, CA
- Founding
- 02/2003
- Data as of
- 06/2022
- EIN
- 03-0485196
Organization Overview
Myelin Repair Foundation Inc is located in Saratoga, CA. The organization was established in 2003. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Myelin Repair Foundation Inc 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 06/2022, Myelin Repair Foundation Inc generated $285.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $539.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Myelin Repair Foundation Inc has awarded 15 individual grants totaling $1,134,055. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ACCELERATING THE DEVELOPMENT OF NEW THERAPEUTICS TO PREVENT OR REPAIR DAMAGE TO MYELIN CAUSED BY MS
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ONLY HAVE ONE AREA OF PROGRAM SERVICES AND THAT IS SCIENTIFIC RESEARCH TO BENEFIT MULTIPLE SCLEROSIS (MS) PATIENTS. CURRENTLY OUR RESEARCH IS FOCUSED ON EXPERIMENTS TO IDENTIFY BIOMARKERS TO INDICATE REPAIR OF MYELIN DAMAGED BY MS. OVER THE LAST YEAR, WE FOCUSED OUR RESEARCH ON EXTRACELLULAR VESICLES(EVS) ISOLATED FROM BLOOD. WE CURRENTLY HAVE 13 INVESTIGATIONS UNDERWAY SPREAD ACROSS EUROPE AND NORTH AMERICA. WE HAVE ENCOURAGING PRELIMINARY DATA SHOWING THAT WE CAN CLEARLY DISTINGUISH MS PATIENT EV'S FROM HEALTHY CONTROLS AND MAY BE ABLE TO IDENTIFY SUB-TYPES OF MS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Johnson CEO | OfficerTrustee | 20 | $120,000 |
Casey Mcglynn Director | Trustee | 1 | $0 |
Andy Cates Director | Trustee | 1 | $0 |
Bobby Mehta Director | Trustee | 1 | $0 |
Jim Gidwitz Director | Trustee | 1 | $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 | $262,804 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,804 |
| Total Program Service Revenue | $0 |
| Investment income | $914 |
| 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 | $285,427 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $212,057 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $115,200 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,004 |
| Payroll taxes | $9,834 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,375 |
| Advertising and promotion | $0 |
| Office expenses | $5,391 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $538,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,165 |
| Savings and temporary cash investments | $847,220 |
| Pledges and grants receivable | $212,000 |
| Accounts receivable, net | $242 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,330,627 |
| Accounts payable and accrued expenses | $493,264 |
| 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 | $493,264 |
| Net assets without donor restrictions | $837,363 |
| 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 | $1,330,627 |
Grants Awarded
Over the last fiscal year, Myelin Repair Foundation Inc has awarded $211,558 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: MRF funds two projects at John Hopkins. One is to study oligodendrocyte extacellular vesicles as possible biomarkers of remyelination. The second is to study macrophage migration inhibitor factor(MIF) as a biomarker of neuronal and oligodendrocyte death and disease severity in MS | $135,610 |
OREGON HEALTH & SCIENCE UNIVERSITY PURPOSE: MRF funds the addition of EVs to OHSU experiment that is using evoked potentials as a measure of demyelination. Evoked potentials are a possible way to measure repair by measuring the conduction speed of signals along axons | $49,948 |
Ithaca, NY PURPOSE: MRF funds work at Cornell University to determine whether brain endothelial cell EVs, oligodendrocyte EVs and microglial EVs from MS patients' blood, changes with various MS sub-types | $26,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Myelin Repair Foundation Inc has recieved totaling $347,000.
| Awarding Organization | Amount |
|---|---|
William K Bowes Jr Foundation San Francisco, CA PURPOSE: MRF BIOMARKER INITIATIVE | $150,000 |
Cumming Foundation Jackson, WY PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
St Louis Community Foundation Incorporated St Louis, MO PURPOSE: HEALTH | $50,000 |
Cumming Foundation Jackson, WY PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Virginia T Dashiell Charitable Foundation Yorktown, VA PURPOSE: SUPPORT BIOMARKER RESEARCH | $10,000 |
Modestus Bauer Foundation Chicago, IL PURPOSE: GENERAL CHARITABLE USE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |