The Multiple Myeloma Research Foundation Inc is located in Norwalk, CT. The organization was established in 1998. 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, Multiple Myeloma Research Foundation Inc employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Multiple Myeloma Research 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 12/2021, Multiple Myeloma Research Foundation Inc generated $42.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $37.6m during the year ending 12/2021. While expenses have increased by 3.5% 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.
Since 2015, Multiple Myeloma Research Foundation Inc has awarded 177 individual grants totaling $34,102,497. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MULTIPLE MYELOMA RESEARCH FOUNDATION (MMRF) SUPPORTS INVESTIGATORS AND SCIENTIFIC PROJECTS THROUGH A NUMBER OF RESEARCH GRANTS. THE GOAL OF THIS INITIATIVE IS TO ACCELERATE THE DEVELOPMENT OF THERAPEUTIC APPROACHES FOR MYELOMA THROUGH OUR UNIQUE END-TO-END MODEL THAT SUPPORTS EFFORTS IN BASIC SCIENCE OR TRANSLATION RESEARCH.IN 2021, THE MMRF CONTINUED TO BUILD OUT THE MMRF IMMUNE ATLAS INITIATIVE ("THE ATLAS"), AN IMMUNE PROFILING AND ANALYTICS PLATFORM USING DATA AND SAMPLES FROM THE COMMPASS STUDY TO GENERATE DATA ON THE ROLE OF PATIENT IMMUNITY IN MYELOMA DISEASE BIOLOGY AND RESPONSE TO THERAPY, AND TO SUPPORT AND SPEED EFFORTS TO MAKE IMMUNOTHERAPY MORE PRECISE TO LEVERAGE IMMUNOTHERAPY FOR THE TREATMENT OF MULTIPLE MYELOMA. THE IMMUNE ATLAS WILL DESCRIBE THE IMMUNE LANDSCAPE IN MYELOMA AND HOW IT CHANGES THROUGHOUT THE COURSE OF THE DISEASEAND TREATMENT. THIS EFFORT IS A CRITICAL FIRST STEP TO ESTABLISH STANDARDS AND ALIGNMENT ON HOW IMMUNE DATA IS PRODUCED, PRIORITIZED, AGGREGATED, AND SHARED. AT SCALE, IT HAS THE POTENTIAL TO IDENTIFY NEW IMMUNOLOGIC FACTORS PREDICTIVE OF PATIENT RESPONSE OR RELAPSE TO THERAPY, TO IDENTIFY NEW IMMUNE TARGETS FOR DRUG DEVELOPMENT AND, EVENTUALLY, ENABLE CLINICIANS TO CUSTOMIZE TREATMENTS AND THERAPIES BASED ON AN INDIVIDUAL'S IMMUNE SYSTEM.IN JULY 2020, THE MMRF LAUNCHED THE MMRF CURECLOUD ("CURECLOUD"), A DIRECT-TO-PATIENT REGISTRY THAT OFFERS PATIENTS THE FIRST AT-HOME GENOMIC TESTING PROGRAM AND THE RETURN OF A CLINICAL GRADE REPORT THAT CAN BE USED TO IDENTIFY TREATMENTS AND TRIALS THAT MAY BE RIGHT FOR THEIR CARE. THE AGGREGATED CURECLOUD DATA WILL ALSO BE USED TO DRIVE NEW SCIENTIFIC DISCOVERIES FOR RESEARCHERS THAT WILL GUIDE THE DEVELOPMENT OF NEW TREATMENTS AND CARE PATHWAYS TO IMPROVE OUTCOMES FOR ALL PATIENTS. THE MMRF PLANS TO RECRUIT 5,000 PATIENTS WITH SMOLDERING AND ACTIVE MULTIPLE MYELOMA, WITH 890 PATIENTS ENROLLED BY THE END OF 2021.
A KEY COMPONENT OF OUR RESEARCH PROGRAMS HAS BEEN OUR ABILITY TO PARTNER WITH OUR NETWORK OF LEADING ACADEMIC MYELOMA CENTERS THROUGH THE MMRC (MULTIPLE MYELOMA RESEARCH CONSORTIUM). THE MMRC IS A NETWORK OF 21 LEADING CANCER CENTERS AND ADDRESSES THREE CRITICAL AREAS OF UNMET NEED: HIGH-RISK SMOLDERING MYELOMA, HIGH-RISK UPFRONT TREATMENT FOR SYMPTOMATIC MULTIPLE MYELOMA, AND RELAPSED/REFRACTORY TREATMENT AFTER ANTI-CD38 AND BCMA-DIRECTED THERAPIES.
THE MMRF-SPONSORED COMMPASS STUDY COMMENCED IN 2011, AND 1,150 NEWLY DIAGNOSED, UNTREATED PATIENTS WITH ACTIVE MULTIPLE MYELOMA FROM 76 SITES (I.E., HOSPITALS, ACADEMIC MEDICAL CENTERS, AND OTHER COMMUNITY HEALTH CENTERS) IN FOUR COUNTRIES HAD BEEN ENROLLED BY 2015, AT WHICH TIME THE STUDY WAS CLOSED TO NEW PATIENT RECRUITMENT. PATIENTS ARE FOLLOWED FOR EIGHT YEARS THROUGH 2023. NO EXPERIMENTAL TREATMENTS ARE TESTED IN THE STUDY; RATHER, PATIENTS ARE PRESCRIBED STANDARD OF CARE AGENTS BY THEIR PHYSICIAN, AND BLOOD AND BONE MARROW SAMPLES ARE TAKEN FROM THE PATIENTS WHEN THERE IS A CHANGE IN THEIR DISEASE STATUS. THE TISSUE SAMPLES COLLECTED ARE PLACED IN A BIOBANK. AN UNRELATED, THIRD PARTY, NOT-FOR-PROFIT BIOMEDICAL RESEARCH INSTITUTE THEN PERFORMS LABORATORY TESTS ON A PORTION OF EACH OF THE SAMPLES RESULTING IN GENOMIC DATA ABOUT EACH PATIENT. THE MMRF LAUNCHED A SIMILAR SAMPLE/DATA SHARING COLLABORATION WITH EASTERN COOPERATIVE ONCOLOGY GROUP (THE "ECOG"). THE FINDINGS CANNOT BE PATENTED, AND ALL THE DATA ARE PLACED ON A PUBLIC PORTAL (THE MMRF RESEARCHER GATEWAY). THE RESULTING DATA REPOSITORY IS THE MOST COMPREHENSIVE CATALOG OF MULTIPLE MYELOMA AND CONTAINS THE GREATEST AMOUNT OF WHOLE GENOME SEQUENCING DATA OF ANY CANCER, ACCESSIBLE TO ANY RESEARCHER IN THE WORLD. IT WILL PROVIDE FOR MORE INFORMATION THAN IS AVAILABLE FROM CURRENT CANCER TISSUE BANKS THAT TYPICALLY INCLUDE ONLY ONE SAMPLE PER PATIENT.
IN ADDITION TO THE PROGRAM EXPENSES DESCRIBED ABOVE, CORRESPONDING ACTIVITIES IN ALIGNMENT WITH THE OVERALL GOALS OF THE ORGANIZATION ARE ALSO SUPPORTED. THESE INCLUDE A PORTFOLIO OF CUTTING-EDGE RESEARCH PROGRAMS IN BASIC SCIENCE, WHICH IDENTIFIES NEW TARGETS THROUGH GENOMICS AND PROTEOMICS RESEARCH; VALIDATION STUDIES, WHICH IDENTIFY NEW COMPOUNDS AND COMBINATIONS IN RESEARCH MODELS BASED ON HIGH-PRIORITY TARGETS; AND INNOVATIVE CLINICAL TRIALS OF NOVEL AND COMBINATION TREATMENTS. AS A PATIENT-FOUNDED ORGANIZATION, THE MMRF STANDS TOGETHER WITH THOSE WHO ARE BATTLING MULTIPLE MYELOMA - PATIENTS, FAMILIES, PHYSICIANS, RESEARCHERS, AND INVESTORS. AT THE SAME TIME, THE MMRF STANDS APART WITH ITS INNOVATIVE APPROACH. THE MMRF GENERATES, INTERPRETS, AND ACTIVATES THE LARGEST COLLECTION OF HIGH-QUALITY DATA AND PLACES IT IN THE PUBLIC DOMAIN. THE MMRF ORCHESTRATES THE PEOPLE, PROGRAMS, AND TECHNOLOGIES NECESSARY TO SPEED THE DISCOVERY OF A CURE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kathy Giusti Founder & Chief Mission Officer | Trustee | 45 | $612,455 |
Michael Andreini President & CEO | Officer | 45 | $357,361 |
Paul Giusti Former President & CEO | 0 | $352,894 | |
Peter Kosa Mif Managing Director | Officer | 45 | $319,603 |
Robert Miani Treasurer/cfo | Officer | 45 | $269,805 |
Anne Quinn Young Chief Marketing & Dev. Officer | Officer | 45 | $265,892 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Redmeded Llc Continuing Medical Education | 12/30/21 | $2,168,520 |
Tgen Contract Research | 12/30/21 | $964,532 |
Precision Oncology Contract Research | 12/30/21 | $959,762 |
Clinical Research Sequencing Platform L Contract Research | 12/30/21 | $858,345 |
10x Genomics Inc Contract Research | 12/30/21 | $717,968 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,461,930 |
All other contributions, gifts, grants, and similar amounts not included above | $35,627,938 |
Noncash contributions included in lines 1a–1f | $789,542 |
Total Revenue from Contributions, Gifts, Grants & Similar | $37,089,868 |
Total Program Service Revenue | $2,348,850 |
Investment income | $100,955 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $2,771,523 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $42,311,196 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $6,584,658 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $45,000 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $2,640,941 |
Compensation of current officers, directors, key employees. | $267,398 |
Compensation to disqualified persons | $352,970 |
Other salaries and wages | $7,064,425 |
Pension plan accruals and contributions | $203,726 |
Other employee benefits | $279,318 |
Payroll taxes | $589,490 |
Fees for services: Management | $1,249,249 |
Fees for services: Legal | $222,554 |
Fees for services: Accounting | $57,967 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $5,635,226 |
Advertising and promotion | $901,453 |
Office expenses | $1,247,028 |
Information technology | $1,106,913 |
Royalties | $0 |
Occupancy | $219,313 |
Travel | $226,614 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $563,341 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $999,369 |
Insurance | $157,549 |
All other expenses | $0 |
Total functional expenses | $37,647,063 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $13,953,290 |
Savings and temporary cash investments | $21,392,706 |
Pledges and grants receivable | $5,289,425 |
Accounts receivable, net | $7,335,350 |
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 | $225,493 |
Net Land, buildings, and equipment | $1,816,801 |
Investments—publicly traded securities | $29,648,577 |
Investments—other securities | $0 |
Investments—program-related | $5,648,228 |
Intangible assets | $0 |
Other assets | $91,977 |
Total assets | $85,401,847 |
Accounts payable and accrued expenses | $12,252,194 |
Grants payable | $3,265,756 |
Deferred revenue | $12,157,093 |
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 | $492,004 |
Total liabilities | $28,167,047 |
Net assets without donor restrictions | $45,234,580 |
Net assets with donor restrictions | $12,000,220 |
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 | $85,401,847 |
Over the last fiscal year, The Multiple Myeloma Research Foundation Inc has awarded $6,582,783 in support to 24 organizations.
Grant Recipient | Amount |
---|---|
Boston, MA PURPOSE: SITE INVESTMENT GRANT, IMMUNOTHERAPY, PREVENTION | $2,528,537 |
Boston, MA PURPOSE: SITE INVESTMENT GRANT, IMMUNOTHERAPY | $974,200 |
Baltimore, MD PURPOSE: IMMUNOTHERAPY | $750,000 |
Atlanta, GA PURPOSE: SITE INVESTMENT GRANT, FELLOW, IMMUNOTHERAPY, PREVENTION | $737,075 |
Duarte, CA PURPOSE: SITE INVESTMENT GRANT, FELLOW, IMMUNOTHERAPY | $370,000 |
New York, NY PURPOSE: SITE INVESTMENT GRANT, FELLOW, TRANSLATIONAL CORE, PREVENTION | $315,644 |
Over the last fiscal year, we have identified 5 grants that The Multiple Myeloma Research Foundation Inc has recieved totaling $25,755.
Awarding Organization | Amount |
---|---|
The Wilson Family Foundation High Point, NC PURPOSE: CHARITABLE CONTRIBUITON | $20,000 |
Harry F Barnes And Carol H Barnes Ffamily Foundation Inc Bristol, CT PURPOSE: GRANT TO CHARITABLE ORGANIZATION | $2,500 |
Rittenberg Family Foundation Metairie, LA PURPOSE: GIFT | $2,000 |
The James And Robin Coogan Foundation Bronxville, NY PURPOSE: UNRESTRICTED | $1,000 |
Sands Family Foundation Dedham, MA PURPOSE: UNRESTRICTED GIFT | $255 |
Organization Name | Assets | Revenue |
---|---|---|
The Multiple Myeloma Research Foundation Inc Norwalk, CT | $85,401,847 | $42,311,196 |
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 |