Prize4life Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Chicago, IL
- Founding
- 06/2007
- Data as of
- 09/2019
- EIN
- 20-5055664
Organization Overview
Prize4life Inc is located in Chicago, IL. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 09/2019, Prize4life Inc employed 2 individuals. Prize4life 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 09/2019, Prize4life Inc generated $59.0 in total revenue. All expenses for the organization totaled $1.8k during the year ending 09/2019.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
PRIZE4LIFE IS AN INNOVATIVE "RESULTS-BASED NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION IS TO ACCELERATE THE DISCOVERY OF TREATMENTS AND A CURE FOR AMYOTROPHIC LATERAL SCLEROSIS (ALS), A PROGRESSIVE NEURODEGENERATIVE DISEASE, BY USING POWERFUL INCENTIVES TO ATTRACT NEW PEOPLE AND DRIVE INNOVATION. ON MAY 30, 2018, THE BOARD OF DIRECTORS VOTED TO DISSOLVE THE ORGANIZATION AFTER 11+ YEARS OF OPERATION, THE AWARDING OF TWO, $1M PRIZES AND $125K IN ADDITIONAL SMALLER PRIZES AND THE SUCCESSFUL LAUNCH OF SEVERAL TOOLS AND PROGRAMS TO SUPPORT THE ALS RESEARCH COMMUNITY. UPON A STRATEGIC REVIEW OF THE ALS LANDSCAPE IN LATE 2017/EARLY 2018, IT WAS DETERMINED THAT THE THE ALS ASSOCIATION WAS SUCCESSFULLY OPERATING A RESEARCH FUNDING PROGRAM THAT TARGETED THE BIGGEST GAP IN THE DRUG DISCOVERY PROCESS. THE BOARD ASSESSED THAT THE REMAINING PRIZE4LIFE FUNDS COULD BE MOST EFFICIENTLY PUT TO USE VIA THIS PROGRAM. THE MAJORITY OF THE ORGANIZATION'S TOTAL EXPENSES IN 2018 WERE USED TO ADMINISTER THE DISSOLUTION PROCESS WITH THE STATE OF MASSACHUSETTS AND WIND DOWN OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Jenkins Director | 0 | $0 | |
Guy Yamen Director | 0 | $0 | |
Ilana Golan Director | 0 | $0 | |
Scott Greenberg Director | 0 | $0 | |
Rebecca Sansoterra Chair | 0.5 | $0 | |
Andrea Marano Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $59 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $59 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,304 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $508 |
| Total expenses | $1,812 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |