Accelerated Cure Project Inc
- Assets
- $2.4m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 6
- Location
- Waltham, MA
- Founding
- 11/2015
- Data as of
- 12/2021
- EIN
- 04-3555864
Organization Overview
Accelerated Cure Project Inc is located in Waltham, MA. The organization was established in 2015. According to its NTEE Classification (G50) the organization is classified as: Nerve, Muscle & Bone Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Accelerated Cure Project Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accelerated Cure Project 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 12/2021, Accelerated Cure Project Inc generated $1.7m 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 (7.4%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO ACCELERATE RESEARCH EFFORTS TO IMPROVE DIAGNOSIS, TO OPTIMIZE TREATMENT, AND TO CURE MULTIPLE SCLEROSIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENTIFIC COLLABORATION AIMS TO ACCELERATE PROGRESS TOWARDS A CURE FOR MULTIPLE SCLEROSIS (MS) AND TO IMPROVE HEALTH, HEALTHCARE AND QUALITY OF LIFE FOR PEOPLE AFFECTED BY MS BY STIMULATING AND ENABLING RESEARCH, THROUGH THE PROVISION OF MUCH-NEEDED RESOURCES, AND CREATING NETWORKING OPPORTUNITIES ACROSS ALL MS STAKEHOLDERS TO SPARK NEW IDEAS AND CATALYZE UNFORESEEN CONNECTIONS. A KEY COMPONENT OF THIS PROGRAM IS THE ICONQUERMS PEOPLE-POWERED RESEARCH NETWORK IN WHICH THE INPUT AND DATA CONTRIBUTED BY NETWORK PARTICIPANTS SHAPES AND ACCELERATES RESEARCH ON TOPICS THAT MATTER MOST TO PEOPLE AFFECTED BY MS.
COMMUNITY BUILDING: WE HAVE AN EXTENSIVE COMMUNITY OF PARTICIPATING MS STAKEHOLDERS CONSISTING OF PEOPLE WITH MS, THEIR FRIENDS AND FAMILIES, CLINICIANS, SCIENTISTS AND RESEARCHERS, MS-RELATED CORPORATIONS, AND OTHER INTERESTED PARTIES. EMAIL UPDATES ON THE PROGRESS OF RESEARCH, COLLABORATION, AND OTHER INFORMATION OF INTEREST ARE SENT OUT REGULARLY. PRODUCTION OF A SEASONAL NEWSLETTER IS DISTRIBUTED QUARTERLY. OUR GROUP OF VOLUNTEERS HAS FORMED A CORE COMMUNITY OF ACTIVE HELPERS. OUR CONNECTIONS TO PEOPLE AFFECTED BY MS AND OTHER MS STAKEHOLDERS ARE ESSENTIAL FOR BUILDING AND ACCELERATING RESEARCH THROUGH OUR BIOBANK/REPOSITORY AND ICONQUERMS PEOPLE-POWERED RESEARCH NETWORK.
TISSUE BANK/REPOSITORY: WE HAVE RECRUITED OVER 3,000 SUBJECTS WITH AND WITHOUT MS AND OTHER DEMYELINATING DISEASES WHO HAVE DONATED BLOOD SAMPLES AND PROVIDED MEDICAL AND EPIDEMIOLOGICAL DATA THAT ARE STORED IN THE REPOSITORY AND MADE AVAILABLE TO RESEARCHERS IN EXCHANGE FOR THE DATA THEY GENERATE FROM THEIR STUDIES THAT USE THE SAMPLES. THE GOAL OF THE REPOSITORY IS TO PROVIDE RESEARCHERS WITH ACCESS TO A LARGE NUMBER OF BIOLOGICAL SAMPLES AND DATA, THAT WOULD OTHERWISE NOT BE AVAILABLE, AND TO THE AGGREGATED DATA THAT IS GENERATED FROM THE STUDIES IN ORDER THAT THEY CAN DETERMINE THE CAUSES AND MECHANISMS OF MS AND RELATED DISEASES AND THE EFFECTS OF TREATMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Loud Ceo/president | Officer | 50 | $160,000 |
Robert Mcburney Chief Research Officer | Officer | 50 | $148,800 |
Hollie Schmidt VP Of Scientic Ops. | Officer | 50 | $131,880 |
Linda Kanner Director/chair | Trustee | 1 | $0 |
Peter Riskind MD PHD Director | Trustee | 1 | $0 |
Susan Y Friedman 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 | $1,232,135 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,232,135 |
| Total Program Service Revenue | $496,973 |
| Investment income | $609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $97 |
| Net Income from Fundraising Events | $9,309 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,739,123 |
| 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. | $440,680 |
| Compensation of current officers, directors, key employees. | $7,045 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $124,821 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,813 |
| Payroll taxes | $44,499 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,442 |
| Fees for services: Accounting | $49,846 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,634 |
| Advertising and promotion | $0 |
| Office expenses | $16,610 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,747 |
| Travel | $557 |
| 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 | $2,836 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,682,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,769,378 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $137,503 |
| Accounts receivable, net | $446,724 |
| 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 | $7,322 |
| Net Land, buildings, and equipment | $39,783 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,507 |
| Total assets | $2,403,217 |
| Accounts payable and accrued expenses | $471,036 |
| 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 | $471,036 |
| Net assets without donor restrictions | $1,080,630 |
| Net assets with donor restrictions | $851,551 |
| 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 | $2,403,217 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Accelerated Cure Project Inc has recieved totaling $299,784.
| Awarding Organization | Amount |
|---|---|
Mr And Mrs George W Taylor Foundtn Rockford, IL PURPOSE: HEALTH | $100,000 |
Oscar Miller Family Private Foundation Newton, MA PURPOSE: GENERAL CHARITABLE PURPOSES OF ORGANIZATION | $50,000 |
Marisa Martini Private Foundation Inc Whippany, NJ PURPOSE: UNRESTRICTED | $50,000 |
Guthy-Jackson Charitable Foundation Beverly Hills, CA PURPOSE: TO SUPPORT MEDICAL RESEARCH | $26,852 |
Guthy-Jackson Charitable Foundation Beverly Hills, CA PURPOSE: TO SUPPORT MEDICAL RESEARCH | $26,070 |
Jacquemin Family Foundation Inc Ashburn, VA PURPOSE: THE ACCELERATED CURE PROJECT FOR MS BELIEVES THAT RESEARCH IS THE ONLY WAY TO GREATLY IMPROVE THE OUTLOOK FOR PEOPLE WITH MS. THE ORGANIZATION PROMOTES SCIENTIFIC COLLABORATION AND ACCELERATES RESEARCH BY RAPIDLY AND COST-EFFECTIVELY PROVIDING RESEARCHERS WITH DATA AND BIOSPECIMENS THEY NEED TO EXPLORE NOVEL RESEARCH IDEAS THAT CAN LEAD TO BETTER CARE FOR PEOPLE WITH MS. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Parkinson Disease Assoc Staten Island, NY | $24,594,206 | $19,021,103 |
Amyotrophic Lateral Sclerosis Association New York, NY | $7,108,895 | $5,803,291 |
Tourette Association Of America Inc Bayside, NY | $11,736,131 | $4,454,020 |
Dysautonomia Foundation Inc New York, NY | $2,301,553 | $2,387,593 |
Amyotrophic Lateral Sclerosis Association Westborough, MA | $3,303,462 | $2,795,826 |
Mckenzie Institute Inc Syracuse, NY | $2,178,526 | $1,635,507 |
Accelerated Cure Project Inc Waltham, MA | $2,403,217 | $1,739,123 |
Amyotrophic Lateral Sclerosis Association Milford, CT | $2,655,935 | $1,541,822 |
Joint Employment Office Of The Elevator Industry Long Island City, NY | $2,453,035 | $1,572,234 |
Amyotrophic Lateral Sclerosis Association Liverpool, NY | $2,245,425 | $1,082,289 |
Dysimmune Neuromuscular Diseases Foundation Lexington, MA | $186,488 | $904,704 |
Joint Coordinating Committee Inc Of Msp Fsu Amherst, MA | $1,358,827 | $634,741 |