Cura Foundation
- Assets
- $8.8m
- Revenue
- $858.4k
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 06/2008
- Data as of
- 12/2021
- EIN
- 26-1150435
Organization Overview
Cura Foundation is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (P24) the organization is classified as: Salvation Army, under the broad grouping of Human Services and related organizations. As of 12/2021, Cura Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cura 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 12/2021, Cura Foundation generated $858.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $4.2m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CURA'S MISSION IS TO IMPROVE HUMAN HEALTH AND INCREASE QUALITY OF LIFE, GLOBALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RAISES GLOBAL AWARENESS ABOUT DISEASE PREVENTION AND CELL THERAPY TREATMENT AND FOSTERS A COLLABORATIVE DIALOGUE BETWEEN SCIENTISTS, REGULATORY AGENCIES, MINISTERS OF HEALTH, PATIENT ADVOCATES, PHYSICIANS, ETHICISTS, PHILANTHROPISTS, LEADERS OF FAITH, GOVERNMENT OFFICIALS AND INDUSTRY PERSONNEL. THE FOUNDATION ALSO EDUCATES OUR NEXT GENERATION OF THOUGHT LEADERS ABOUT THE RAPID INNOVATION IN CELL THERAPY TECHNOLOGY AND THE IMPORTANCE TO INTERFACE WITH DATA TO IMPROVE CLINICAL OUTCOMES AND OPTIMIZE HEALTH CARE SPENDING. ITS MANAGEMENT, BOARD AND COLLABORATORS LOOK FOR WAYS TO SPEED CLINICAL DEVELOPMENT AND UTILIZE BIG DATA AND ALGORITHMIC LEARNING TO ADVANCE PERSONALIZED MEDICINES, SO THAT PATIENTS CAN RECEIVE THE BEST POSSIBLE TREATMENT FOR THEIR INDIVIDUAL DISEASES AS QUICKLY AS POSSIBLE, RATIONALIZING HEALTHCARE DOLLAR SPENT WHILE IMPROVING CLINICAL OUTCOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Max Gomez Trustee | Trustee | 1 | $110,000 |
Joseph Talamo Treasurer | Officer | 10 | $87,000 |
Dr Robin L Smith President | OfficerTrustee | 1 | $0 |
Steven Martin Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Altour International Inc Travel Arrangements | 12/30/16 | $552,882 |
Allison & Partners Llc Marketing | 12/30/16 | $188,622 |
Vision Matrix Productions Inc Event Production, Video And Audio | 12/30/16 | $242,957 |
Brm Holdings Llc Management And Consulting Srvs | 12/30/16 | $150,000 |
Heather Bandur Events And Design Llc Project Manager | 12/30/16 | $128,922 |
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 | $862,270 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $862,270 |
| Total Program Service Revenue | $0 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $540 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,400 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $858,424 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,600 |
| 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. | $197,000 |
| Compensation of current officers, directors, key employees. | $87,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $157,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,841 |
| Payroll taxes | $12,328 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,619 |
| Fees for services: Accounting | $38,329 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,362,036 |
| Advertising and promotion | $601,582 |
| Office expenses | $218,159 |
| Information technology | $44,426 |
| Royalties | $0 |
| Occupancy | $94,432 |
| Travel | $58,608 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $189,172 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,032 |
| All other expenses | $0 |
| Total functional expenses | $4,150,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,565,327 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,152,513 |
| 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 | $11,700 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,271 |
| Total assets | $8,753,811 |
| Accounts payable and accrued expenses | $227,864 |
| 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 | $227,864 |
| Net assets without donor restrictions | $2,373,434 |
| Net assets with donor restrictions | $6,152,513 |
| 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 | $8,753,811 |
Grants Awarded
Over the last fiscal year, Cura Foundation has awarded $57,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WNICER INSTITUTE PURPOSE: FISCAL SPONSORSHIP FOR SUPPORT OF A PROJECT OF THE GRANTEE TO MAKE GRANTS FOR CLINICAL RESEARCH AND CONDUCT CONTINUING MEDICAL EDUCATION ACTIVITIES AND PROGRAMS | $31,500 |
BAUERIN CONSULTANTS LLC PURPOSE: RAPID ANTIGEN TEST KITS | $26,100 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cura Foundation has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Aarp Washington, DC PURPOSE: Sponsorship of the International Vatican Conference | $50,000 |
Marcus Foundation Inc Atlanta, GA PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thomas Lyle Williams Trust New York, NY | $159,078,652 | $19,499,555 |
Cura Foundation New York, NY | $8,753,811 | $858,424 |
The Salvation Army Ivy Residence Inc Philadelphia, PA | $11,697,562 | $945,300 |
911 Health Watch Inc Albany, NY | $140,313 | $228,446 |
Welcoming The Stranger Langhorne, PA | $336,793 | $313,606 |
Service For Peace Inc West Haven, CT | $71,960 | $73,008 |
Semerkand Cultural Association Clifton, NJ | $30,899 | $36,214 |
R Armstrong Salvation Army Pittsburgh, PA | $583,435 | $7,620 |
William Kountz Fitch Trust Fbo Salvation Army Memorial Fund Pittsburgh, PA | $161,251 | $25,480 |
Konrad Frederiksen Trust Fbo Salvation Army 32-9033560102 Pittsburgh, PA | $153,706 | $6,442 |
Tr U W Evelyn Pray B O Salvation Army Pittsburgh, PA | $198,110 | $33,248 |
James F Ackerman Federation Inc Bradley Beach, NJ | $13,361 | $5,279 |