Concern Foundation
- Assets
- $10.0m
- Revenue
- $1.7m
- Investments
- $71.8k
- Employees
- 6
- Location
- Los Angeles, CA
- Founding
- 01/1969
- Data as of
- 12/2023
- EIN
- 23-7002878
Organization Overview
Concern Foundation is located in Los Angeles, CA. The organization was established in 1969. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Concern Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concern 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, Concern Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 1.9% per year over the past 9 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.
Since 2014, Concern Foundation has awarded 196 individual grants totaling $10,165,011. 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
CONCERN FOUNDATION DISTRIBUTES RESEARCH GRANTS WORLDWIDE TO FUND CANCER RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RAISE AND DISTRIBUTE FUNDS TO SUPPORT PROMISING SCIENTIFIC LABORATORY WORK IN THE FIELD OF CANCER RESEARCH. THE FOUNDATION ALSO HOST TWO ANNUAL OUTREACH ACTIVITIES FOR CHILDREN STRUGGLING WITH CANCER IN OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Alpert President | OfficerTrustee | 40 | $260,100 |
Lorene Goldman Board Chairperson | OfficerTrustee | 1 | $0 |
Ilyse Teller Vice Chairperson | OfficerTrustee | 1 | $0 |
Michael Firestein Secretary/legal Council | OfficerTrustee | 1 | $0 |
Brian Anastasio Board Member | Trustee | 1 | $0 |
Eden Anastasio Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,738,123 |
| Related organizations | $0 |
| Government grants | $110,424 |
| All other contributions, gifts, grants, and similar amounts not included above | $129,749 |
| Noncash contributions included in lines 1a–1f | $140,559 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,978,296 |
| Total Program Service Revenue | $0 |
| Investment income | $220,997 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$681,857 |
| Net Income from Fundraising Events | $8,210 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,711,550 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,164,781 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $270,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $294,131 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $189,944 |
| Pension plan accruals and contributions | $3,001 |
| Other employee benefits | $28,441 |
| Payroll taxes | $29,226 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,910 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,934 |
| Fees for services: Other | $2,186 |
| Advertising and promotion | $792 |
| Office expenses | $16,574 |
| Information technology | $23,745 |
| Royalties | $0 |
| Occupancy | $49,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,287 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $859 |
| Insurance | $8,213 |
| All other expenses | $0 |
| Total functional expenses | $2,185,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $417,167 |
| Savings and temporary cash investments | $182,817 |
| Pledges and grants receivable | $895,713 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $820,378 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,595 |
| Investments—publicly traded securities | $7,445,027 |
| Investments—other securities | $71,816 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $209,683 |
| Total assets | $10,046,196 |
| Accounts payable and accrued expenses | $82,591 |
| Grants payable | $949,000 |
| Deferred revenue | $902,687 |
| 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 | $1,934,278 |
| Net assets without donor restrictions | $5,803,723 |
| Net assets with donor restrictions | $2,308,195 |
| 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 | $10,046,196 |
Grants Awarded
Over the last fiscal year, Concern Foundation has awarded $1,164,781 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOSPITAL LOS ANGELES USC PURPOSE: FLIP-FLOPPING OF FUSION-POSITIVE RHABDOMYOSARCOMA LEADING TO METASTATIC INVASION | $225,000 |
UNIVERSITY OF SOUTHERN CALIFORNIA PURPOSE: ETHNIC DIFFERENCES AMONG BREAST CANCER PATIENT IMMUNE RESPONSES | $100,000 |
UNIVERSITY OF MICHIGAN PURPOSE: REGULATING JAK-STAT SIGNALING PATHWAYS TO ENHANCE T CELL IMMUNOTHERAPY | $60,000 |
BRIGHAM AND WOMEN'S HOSPITALHARVARD MEDICAL SCHOOL PURPOSE: OVERCOMING PARP INHIBITOR RESISTANCE BY MODULATING TUMOR ASSOCIATED MACROPHAGES TO ENHANCE T CELL ACTIVATION | $60,000 |
BECKMAN RESEARCH INSTITUTE OF CITY OF HOPE PURPOSE: TARGETING THE LONG ISOFORM OF THE PROLACTIN RECEPTOR IN B CELL MALIGNANCIES | $60,000 |
WASHINGTON UNIVERSITY SCHOOL OF MEDICINE IN ST LOUIS PURPOSE: INVESTIGATE THE TUMOR SUPPRESSIVE ROLE OF ARID HOMOLOGS IN MELANOMA | $60,000 |