Jain Foundation Inc is located in Seattle, WA. The organization was established in 2006. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jain 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 12/2022, Jain Foundation Inc generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $4.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jain Foundation Inc has awarded 183 individual grants totaling $17,358,259. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHILE THE FOCUS OF THE JAIN FOUNDATION IS DYSFERLINOPATHY (LGMD2B/R2/MIYOSHI MYOPATHY1), THE RESULTING SCIENTIFIC ADVANCES AND COLLABORATIONS THAT WE MAKE HAVE A BROADER IMPACT ON HUMAN HEALTH THROUGH THEIR RELEVANCE TO OTHER MUSCLE DISORDERS, DEGENERATIVE DISEASES, AND NORMAL AGING. THE FOUNDATION TAKES A HANDS-ON APPROACH TO FUNDING. WE CLOSELY MONITOR THE PROGRESS OF EVERY PROJECT WE FUND AND KEEP TRACK OF RESULTS AND SHIFTING TIMELINES THROUGH QUARTERLY CONFERENCE CALLS WITH RESEARCHERS AND SITE VISITS. WE ALSO SUPPORT INTERNAL PROGRAMS AND INITIATIVES. OUR GOAL IS TO FUND ALL POSSIBLE APPROACHES TO A CURE AND HELP WITH PATIENT DIAGNOSIS TO ENSURE THAT TREATMENTS REACH THOSE WHO NEED THEM.
CONTRACT RESEARCH ORGANIZATIONS ($113,620): IN 2022, WE CONTINUED WORKING WITH CONTRACT RESEARCH ORGANIZATIONS (CROS) AS AN INTEGRAL PART OF OUR THERAPY DEVELOPMENT PROGRAM. CROS ARE COMPANIES THAT SERVE THE DRUG DEVELOPMENT INDUSTRY AND PROVIDE SPECIALIZED KNOWLEDGE AND INFRASTRUCTURE FOCUSED ON DRUG DISCOVERY, SUCH AS ROBOTICS AND LARGE COMPOUND LIBRARIES. THERE ARE MANY DRUGS IN DEVELOPMENT (SOME EVEN FDA APPROVED) FOR OTHER DISEASES THAT MAY BE USEFUL IN DYSFERLINOPATHY. TO EVALUATE THEIR BENEFIT IN DYSFERLINOPATHY, WE NEED SPECIFIC ASSAYS THAT PREDICT THEIR EFFECTS IN OUR DISEASE. THE PROCESS OF DEVELOPING ASSAYS IS TEDIOUS, TIME CONSUMING AND DIFFICULT TO PUBLISH, MAKING THEM UNSUITABLE FOR RESEARCHERS AT ACADEMIC INSTITUTIONS. OUR STRATEGY IS TO LEARN ABOUT DYSFERLIN IN ACADEMIC LABORATORIES AND THEN APPLY WHAT WE LEARN TO THE DEVELOPMENT OF ASSAYS AND EVALUATE DRUGS AT CROS. CRO PROJECTS ARE COMPLETED AT A MUCH FASTER PACE THAN ACADEMIC PROJECTS, BECAUSE THERE IS MORE FOCUSED E
CLINICAL TRIAL READINESS AND COMMUNITY ENGAGEMENT ($295,252): DYSFERLINOPATHY IS VERY RARE. AN IMPORTANT GOAL OF THE JAIN FOUNDATION IS TO PREPARE THE DYSFERLINOPATHY PATIENT COMMUNITY FOR CLINICAL TRIALS. THERE ARE MANY ASPECTS TO BEING CLINICAL TRIAL READY, INCLUDING PATIENT IDENTIFICATION, COMMUNITY ENGAGEMENT, PATIENT EDUCATION, AND IDENTIFICATION OF OUTCOME MEASURES. FOR PATIENT IDENTIFICATION WE HAVE A PATIENT REGISTRY CALLED THE DYSFERLIN REGISTRY THAT CONTAINS 1155+ INDIVIDUALS VERIFIED TO HAVE DYSFERLINOPATHY. IN ADDITION, WE HAVE A DIAGNOSIS PIPELINE THAT PROVIDES ACCESS TO GENETIC TESTING FOR THOSE WHO NEED IT AND ENSURES THAT BARRIERS TO GENETIC TESTING DONT PREVENT PEOPLE WITH DYSFERLINOPATHY FROM ACCESSING THE DYSFERLIN REGISTRY. IN 2022, WE ADDED 161 DYSFERLINOPATHY PATIENTS TO THE REGISTRY, WHICH IS A 140% INCREASE FROM 2021. COMMUNITY ENGAGEMENT AND EDUCATION INCLUDES INTERACTIONS WITH THE PATIENT COMMUNITY, CLINICIANS, LGMD ADVOCACY GROUPS, INDUSTRY AND THE FDA. OUR P
TOOLS FOR RESEARCHERS ($202,102): THE JAIN FOUNDATION CONTINUES TO ACTIVELY IDENTIFY AND FUND THE DEVELOPMENT OF RESEARCH TOOLS AND RESOURCES NEEDED TO ADVANCE THE DYSFERLIN FIELD. THE JAIN FOUNDATION IS COMMITTED TO DEVELOPING AND PROVIDING FREQUENTLY REQUIRED REAGENTS, THE AVAILABILITY OF WHICH HELPS ACCELERATE RESEARCH. WE CONTRIBUTED DYSFERLIN DNA TO PUBLIC REPOSITORIES AND HAVE HELPED COMPANIES DEVELOP ANTIBODIES TO DYSFERLIN SO THAT THEY CAN BE EASILY OBTAINED. WE BUILT A LIBRARY OF CELL LINES THAT ARE USEFUL TO STUDY DYSFERLIN DEFICIENCY. WE CONTINUE TO MAINTAIN LARGE COLONIES OF MICE AT THE CUSTOM MOUSE BREEDING FACILITY AT JACKSON LABORATORIES (MAINE, USA) FOR USE IN DYSFERLIN RESEARCH. INFORMATION ABOUT THESE RESOURCES IS DISSEMINATED TO RESEARCHERS THROUGH E-MAILS AND THROUGH THE FOUNDATIONS WEBSITE. IN 2022 OUR EFFORTS MAINLY FOCUSED ON DEVELOPING A NEW DYSFERLIN DEFICIENT MOUSE MODEL THAT WILL BE USED FOR EVALUATING SPECIFIC THERAPEUTIC INTERVENTIONS USING CRISPR TECHNOLOG
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ajit Jain Director | 3 | $0 | |
Indrima Jain Director | 1 | $0 | |
Ashkay Jain CEO | 40 | $188,599 | |
Doug Albrecht PHD Co-President | 40 | $181,250 | |
Laura Rufibach Co-President | 40 | $181,250 | |
Sarah S Emmons Dir. Patient | 40 | $131,450 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $2,013 |
Dividends & Interest | $0 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $3,295,951 |
Capital Gain Net Income | $3,295,951 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $18,529 |
Total Revenue | $3,316,493 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $551,099 |
Other employee salaries and wages | $333,630 |
Pension plans, employee benefits | $95,691 |
Interest | $0 |
Taxes | $42,749 |
Depreciation | $0 |
Occupancy | $102,298 |
Travel, conferences, and meetings | $22,676 |
Printing and publications | $435 |
Other expenses | $297,531 |
Total operating and administrative expenses | $1,530,636 |
Contributions, gifts, grants paid | $2,637,625 |
Total expenses and disbursements | $4,168,261 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $622,938 |
Savings and temporary cash investments | $0 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $70,537 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $1,410 |
Total assets | $26,504,314 |
Accounts payable and accrued expenses | $53,404 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $53,404 |
Over the last fiscal year, Jain Foundation Inc has awarded $2,637,625 in support to 24 organizations.
Grant Recipient | Amount |
---|---|
UNIV OF BRITISH COLUMBIA DR BERNATC PURPOSE: SCIENTIFIC RESEARCH GRANT | $117,940 |
DUKE UNIV DR BURSAC PURPOSE: SCIENTIFIC RESEARCH GRANT | $217,373 |
UNIV OF MARYLAND DR BLOCH PURPOSE: SCIENTIC RESEARCH GRANT | $156,356 |
UNIVERSIDAD MAYOR DR CARDENAS PURPOSE: SCIENTIFIC RESEARCH GRANT | $82,736 |
CAMDND DR GAITONDE DR DASTUR PURPOSE: SCIENTIFIC RESEARCH GRANT | $17,996 |
ROCKEFELLER UNIV DR CHAIT DR ROUT PURPOSE: SCIENTIFIC RESEARCH GRANT | $43,350 |
Organization Name | Assets | Revenue |
---|---|---|
Boyer Childrens Clinic Seattle, WA | $12,923,836 | $9,025,350 |
Jain Foundation Inc Seattle, WA | $26,504,314 | $3,316,493 |
Amyotrophic Lateral Sclerosis Association Portland, OR | $4,982,342 | $3,729,208 |
Parkinsons Resources Of Oregon Beaverton, OR | $4,038,742 | $1,342,448 |
Amyotrophic Lateral Sclerosis Association Kent, WA | $1,215,632 | $1,341,750 |
Peter Cohen Foundation Seattle, WA | $1,271,401 | $1,212,552 |
Alaska Brain Injury Network Inc Anchorage, AK | $67,601 | $58,398 |
Neurological Vocational Services Seattle, WA | $40,897 | $50,772 |
Ms Impossible Issaquah, WA | $106,967 | $0 |
Oregon Fibromyalgia Foundation Portland, OR | $4,298 | $0 |
Joy Thru Tears Foundation Auburn, WA | $7,337 | $7,897 |
Msplus Foundation Olympia, WA | $0 | $0 |
Sherri Little Foundation Inc Salem, OR | $78,221 | $78 |