The Institute For Children With Cancer And Blood Disorders A Non-
- Assets
- $1.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- New Brunswick, NJ
- Founding
- 12/1992
- Data as of
- 12/2023
- EIN
- 22-3092432
Organization Overview
The Institute For Children With Cancer And Blood Disorders A Non-, operating under the name Embrace Kids Foundation, is located in New Brunswick, NJ. The organization was established in 1992. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2023, Embrace Kids Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Embrace Kids 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 12/2023, Embrace Kids Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Embrace Kids Foundation has awarded 19 individual grants totaling $1,398,353. 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
EMBRACE KIDS FOUNDATION EXISTS TO LIGHTEN THE BURDEN AND IMPROVE THE QUALITY OF LIFE FOR CHILDREN WITH CANCER, SICKLE CELL, AND OTHER SERIOUS DISORDERS IN THE NEW JERSEY/NEW YORK CITY METROPOLITAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. EMBRACE KIDS MADE THEIR FIRST PAYMENT FOR THE PEDIATRIC BONE MARROW TRANSPLANT PHYSICIAN HIRE AND THE CANCER INSTITUTE OF NEW JERSEY WAS ABLE TO BRING ON A PHYSICIAN WHO IS STARTING THE FIRST PEDIATRIC BONE MARROW TRANSPLANT CENTER IN NEW JERSEY. SHE WILL DO THE FIRST PEDIATRIC BMT IN 2024.2. EMBRACE KIDS INCREASED THE NUMEBER OF STUDENT ORGANIZATIONS INVOLVED IN THE RU4KIDS PROGRAM TO 75 STUDENT GROUPS.3. EMBRACE KIDS RETURNED TO FUNDING BOSTON-BASED PEDIATRIC SICKLE CELL PROGRAMS THROUGH AN EVENT HELD IN BOSTON.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Reagan Chairman | OfficerTrustee | 2 | $0 |
Rick Cannellos President | OfficerTrustee | 2 | $0 |
Tom Nehila 1st Vice President | OfficerTrustee | 2 | $0 |
Samantha Locke 2nd Vice President | OfficerTrustee | 2 | $0 |
John Mortenson CPA Treasurer | OfficerTrustee | 2 | $0 |
Mark Aliperti Recording Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $10,768 |
| Membership dues | $0 |
| Fundraising events | $684,092 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $368,663 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,063,523 |
| Total Program Service Revenue | $0 |
| Investment income | $27,602 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,403 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,143,528 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,000 |
| Grants and other assistance to domestic individuals. | $447,555 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $131,873 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $138,761 |
| Pension plan accruals and contributions | $3,828 |
| Other employee benefits | $39,611 |
| Payroll taxes | $24,574 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,864 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,938 |
| Advertising and promotion | $0 |
| Office expenses | $83,589 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,416 |
| Travel | $2,465 |
| 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 | $26,827 |
| Insurance | $11,262 |
| All other expenses | $0 |
| Total functional expenses | $1,518,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,751 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $13,302 |
| 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 | $0 |
| Net Land, buildings, and equipment | $458,297 |
| Investments—publicly traded securities | $1,348,193 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,917,543 |
| Accounts payable and accrued expenses | $78,596 |
| 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 | $78,596 |
| Net assets without donor restrictions | $1,633,190 |
| Net assets with donor restrictions | $205,757 |
| 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 | $1,917,543 |
Grants Awarded
Over the last fiscal year, The Institute For Children With Cancer And Blood Disorders A Non- has awarded $266,242 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RUTGERS UNIVERSITY FOUNDATION-CANCER INSTITUTE OF NEW JERSEY PURPOSE: PEDIATRIC ONCOLOGY RESEARCH AND FACULTY DEVELOPMENT | $200,000 |
BOSTON MEDICAL CENTER PURPOSE: SICKLE CELL RESEARCH | $66,242 |