Charleys Fund Inc
- Assets
- $4.1m
- Revenue
- $653.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Great Barrington, MA
- Founding
- 09/2005
- Data as of
- 12/2022
- EIN
- 20-2014968
Organization Overview
Charleys Fund Inc is located in Great Barrington, MA. The organization was established in 2005. According to its NTEE Classification (H50) the organization is classified as: Nerve, Muscle & Bone Diseases Research, under the broad grouping of Medical Research and related organizations. As of 12/2022, Charleys Fund Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charleys Fund 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, Charleys Fund Inc generated $653.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (25.1%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ACCELERATE THE DEVELOPMENT OF LIFE-SAVING TREATMENTS FOR DUCHENNE MUSCULAR DYSTROPHY "DMD"
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Seckler MD President | OfficerTrustee | 15 | $0 |
Earl Kramer Treasurer | OfficerTrustee | 2 | $0 |
Randy Reiff Director | Trustee | 2 | $0 |
Tracy Kramer Seckler Director | Trustee | 40 | $13,146 |
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 | $729,763 |
| Noncash contributions included in lines 1a–1f | $19,157 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $729,763 |
| Total Program Service Revenue | $0 |
| Investment income | $6,693 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,937 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $652,985 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,250,500 |
| 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. | $13,146 |
| Compensation of current officers, directors, key employees. | $1,353 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,427 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,475 |
| Payroll taxes | $6,131 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,029 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $318 |
| Fees for services: Other | $61,172 |
| Advertising and promotion | $0 |
| Office expenses | $7,405 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,200 |
| Travel | $770 |
| 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 | $319 |
| Insurance | $1,668 |
| All other expenses | $0 |
| Total functional expenses | $1,447,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,097 |
| Savings and temporary cash investments | $666,241 |
| Pledges and grants receivable | $309,214 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,462 |
| Prepaid expenses and deferred charges | $180 |
| Net Land, buildings, and equipment | $601 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,125,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,104,795 |
| Accounts payable and accrued expenses | $49,025 |
| Grants payable | $129,977 |
| 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 | $179,002 |
| Net assets without donor restrictions | $3,637,792 |
| Net assets with donor restrictions | $288,001 |
| 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 | $4,104,795 |
Grants Awarded
Over the last fiscal year, Charleys Fund Inc has awarded $1,250,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UMASS MEMORIAL FOUNDATION PURPOSE: RESEARCH GRANT | $1,200,000 |
CASIMIR LLC PURPOSE: RESEARCH GRANT | $30,000 |
UNIVERSITY OF MISSOURI PURPOSE: RESEARCH GRANT | $20,000 |