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 12/2023, Multiple Myeloma Research Foundation Inc employed 78 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 12/2023, Multiple Myeloma Research Foundation Inc generated $34.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $41.9m during the year ending 12/2023. While expenses have increased by 3.9% per year over the past 9 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 217 individual grants totaling $45,229,497. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MMRC IS A NETWORK OF 14 LEADING CANCER CENTERS AND ADDRESSES THREE CRITICAL AREAS OF UNMET NEEDS: HIGH-RISK SMOLDERING MYELOMA, HIGH-RISK UPFRONT TREATMENT FOR SYMPTOMATIC MULTIPLE MYELOMA, AND RELAPSED/REFRACTORY TREATMENT AFTER ANTI-CD38 AND BCMA-DIRECTED THERAPIES.IN 2023, THE MMRF DEVELOPED THE HORIZON ADAPTIVE TRIALS PROGRAM. SLATED TO OPEN IN 2024, HORIZON WILL TEST TREATMENT STRATEGIES THROUGH TWO TRIALS IN PATIENTS WITH RELAPSED/REFRACTORY DISEASE AND THOSE WHO ARE NEWLY DIAGNOSED AND HAVE HIGH-RISK DISEASE. THE ADAPTIVE NATURE OF THE TRIALS ALLOWS INVESTIGATORS TO TEST MULTIPLE THERAPIES SIMULTANEOUSLY AND REDUCE THE AMOUNT OF TIME NEEDED TO EVALUATE NEW THERAPIES. INVESTIGATORS CAN THEN RAPIDLY EXPAND PATIENT COHORTS RECEIVING TREATMENT REGIMENS WITH POSITIVE OUTCOMES AND EFFICIENTLY CLOSE EXPERIMENTAL PROTOCOLS WITH LESS-THAN-OPTIMAL OUTCOMES. GROUNDBREAKING CLINICAL TRIALS LIKE HORIZON ARE ONLY POSSIBLE THROUGH LARGER-SCALE, MULTI-INSTITUTIONAL COOPERATION. THESE TRIALS ALLOW THE MMRC TO EXPLORE COMBINATION THERAPIES REGARDLESS OF MANUFACTURER, PUTTING THE MOST PROMISING SCIENCE AND THE URGENT NEED OF PATIENTS AHEAD OF PHARMACEUTICAL PROFITS OR INDUSTRY COMPETITION.
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 FOR EACH AND EVERY PATIENT.
IN 2023, 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 FOR MYELOMA PATIENTS. THE ATLAS WILL DESCRIBE THE IMMUNE LANDSCAPE IN MYELOMA AND HOW IT CHANGES THROUGHOUT THE COURSE OF THE DISEASE AND TREATMENT. THIS EFFORT IS A CRITICAL FIRST STEP TO ESTABLISH GUIDELINES 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 2023, THE MMRF CONCLUDED ENROLLMENT IN THE MMRF CURECLOUD ("CURECLOUD") RESEARCH INITIATIVE, MAKING IT ONE OF THE LARGEST LONGITUDINAL DATA SETS IN MULTIPLE MYELOMA, WITH OVER 1,000 PATIENTS ENROLLED. THE DATA FROM THIS STUDY, WHICH INCLUDES CLINICAL GENOMIC, IMMUNE, AND PATIENT-REPORTED OUTCOMES, IS BEING ANALYZED IN ONGOING RESEARCH AND WILL BE MADE AVAILABLE TO RESEARCHERS TO HELP ANSWER IMPORTANT MYELOMA RESEARCH QUESTIONS AND INFORM FUTURE MMRF DATA-GENERATING INITIATIVES, ALL IN SUPPORT OF THE MMRF'S MISSION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kathy Giusti Founder & Director | Trustee | 20 | $183,333 |
Thomas Conheeney Chairman | OfficerTrustee | 2 | $0 |
Gerald Mcdougall Vice Chairman | OfficerTrustee | 2 | $0 |
Kenneth Anderson MD Director | Trustee | 2 | $0 |
Karen Andrews Director | Trustee | 2 | $0 |
Rodney Gilmore Director | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Redmeded Llc Continuing Medical Education | 12/30/23 | $1,578,567 |
Cyber X Designs Llc Dba Arteric Marketing Consultant | 12/30/23 | $1,524,985 |
Icahn School Of Medicine At Mount Sinai Contract Research | 12/30/23 | $1,438,990 |
Dana Farber Cancer Institute Contract Research | 12/30/23 | $1,151,140 |
Tgen Contract Research | 12/30/23 | $1,122,765 |
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 | $30,976,388 |
Noncash contributions included in lines 1a–1f | $251,490 |
Total Revenue from Contributions, Gifts, Grants & Similar | $30,976,388 |
Total Program Service Revenue | $1,281,492 |
Investment income | $1,696,550 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $192 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$4,032 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $33,950,590 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $7,276,387 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $775,000 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $3,680,642 |
Compensation of current officers, directors, key employees. | $375,543 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $6,405,349 |
Pension plan accruals and contributions | $177,382 |
Other employee benefits | $549,023 |
Payroll taxes | $709,567 |
Fees for services: Management | $344,764 |
Fees for services: Legal | $57,505 |
Fees for services: Accounting | $60,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $5,662,222 |
Advertising and promotion | $2,009,835 |
Office expenses | $1,897,212 |
Information technology | $1,991,345 |
Royalties | $0 |
Occupancy | $207,010 |
Travel | $669,418 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $670,588 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $762,057 |
Insurance | $183,372 |
All other expenses | $0 |
Total functional expenses | $41,890,829 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,373,960 |
Savings and temporary cash investments | $3,484,634 |
Pledges and grants receivable | $3,195,258 |
Accounts receivable, net | $3,739,397 |
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 | $715,352 |
Net Land, buildings, and equipment | $2,637,698 |
Investments—publicly traded securities | $48,157,559 |
Investments—other securities | $0 |
Investments—program-related | $16,363,985 |
Intangible assets | $0 |
Other assets | $559,789 |
Total assets | $80,227,632 |
Accounts payable and accrued expenses | $19,417,597 |
Grants payable | $980,000 |
Deferred revenue | $2,808,555 |
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 | $736,056 |
Total liabilities | $23,942,208 |
Net assets without donor restrictions | $53,786,450 |
Net assets with donor restrictions | $2,498,974 |
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 | $80,227,632 |
Over the last fiscal year, The Multiple Myeloma Research Foundation Inc has awarded $6,594,759 in support to 21 organizations.
Grant Recipient | Amount |
---|---|
BARBARA ANN KARMANOS CANCER HOSPITAL PURPOSE: SITE INVESTMENT GRANT | $100,000 |
BETH ISRAEL DEACONESS MEDICAL CENTER PURPOSE: SITE INVESTMENT GRANT, IMMUNOTHERAPY | $612,829 |
CITY OF HOPE PURPOSE: SITE INVESTMENT GRANT, FELLOW, IMMUNOTHERAPY | $130,000 |
DANA FARBER CANCER INSTITUTE PURPOSE: SITE INVESTMENT GRANT, IMMUNOTHERAPY, PREVENTION | $1,050,000 |
HACKENSACK UNIVERSITY MEDICAL CENTER PURPOSE: SITE INVESTMENT GRANT | $101,729 |
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI PURPOSE: SITE INVESTMENT GRANT, IMMUNOTHERAPY | $1,964,644 |