The Curetivity Foundation
- Assets
- $338.9k
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 2
- Location
- Darien, CT
- Founding
- 10/2007
- Data as of
- 12/2022
- EIN
- 20-8669454
Organization Overview
The Curetivity Foundation is located in Darien, CT. The organization was established in 2007. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. As of 12/2022, Curetivity Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Curetivity Foundation 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, Curetivity Foundation generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 5.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE HOPE AND CURE KIDS BY RAISING FUNDS AND AWARENESS IN THE FIGHT AGAINST PEDIATRIC CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022 THE ORGANIZATION HAD TOTAL EXPENSES OF $2,685,891 OF WHICH ONLY $161,593 WERE ATTRIBUTABLE TO ADMINISTRATIVE EXPENSES, EFFECTIVELY MAINTAINING AN ADMINISTRATIVE EXPENSE RATIO OF LESS THAN 6% OF THE ORGANIZATION'S $2,434,787 IN DIRECT CHARITABLE EXPENDITURES, $2,350,000 WAS GRANTED DIRECTLY TO ST. JUDE CHILDREN'S RESEARCH HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paige Scardigli Secretary | OfficerTrustee | 40 | $150,000 |
Thomas M Sparico President | OfficerTrustee | 10 | $0 |
Andrew Graves Vice President | OfficerTrustee | 1 | $0 |
Shaun Cain Treasurer | OfficerTrustee | 1 | $0 |
Keith Frankel Director | Trustee | 1 | $0 |
Thomas Tzikas MD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,527,112 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,095 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,629,207 |
| Total Program Service Revenue | $0 |
| Investment income | $175 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$194,157 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,435,225 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,350,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $150,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,739 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,480 |
| Fees for services: Accounting | $66,994 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $824 |
| Advertising and promotion | $4,644 |
| Office expenses | $27,360 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,141 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $435 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,859 |
| Insurance | $11,433 |
| All other expenses | $49,981 |
| Total functional expenses | $2,685,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,652 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $102,873 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,340 |
| Total assets | $338,865 |
| Accounts payable and accrued expenses | $44,696 |
| Grants payable | $0 |
| 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 | $44,696 |
| Net assets without donor restrictions | $294,169 |
| Net assets with donor restrictions | $0 |
| 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 | $338,865 |
Grants Awarded
Over the last fiscal year, The Curetivity Foundation has awarded $1,697,375 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
INTREPID FALLEN HEROES FUND PURPOSE: GENERAL | $10,000 |
NEPHCURE FOUNDATION PURPOSE: GENERAL | $34,395 |
NORTH SHORE ANIMAL LEAGUE AMERICA INC PURPOSE: GENERAL | $10,000 |
SKY HIGH FOR ST JUDE'S INC PURPOSE: GENERAL | $32,000 |
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: GENERAL | $1,536,880 |
STATEN ISLAND ZOOLOGICAL SOCIETY INC PURPOSE: GENERAL | $30,000 |