A Foundation Building Strength Inc
- Assets
- $3.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 07/2008
- Data as of
- 12/2023
- EIN
- 26-1761329
Organization Overview
A Foundation Building Strength Inc is located in Palo Alto, CA. The organization was established in 2008. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A Foundation Building Strength 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 12/2023, A Foundation Building Strength Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $907.0k during the year ending 12/2023. While expenses have increased by 6.1% 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 2015, A Foundation Building Strength Inc has awarded 40 individual grants totaling $2,457,086. 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
TO FIND TREATMENTS FOR NEMALINE MYOPATHY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LARGEST PROGRAM SERVICES INCLUDE THE RESEARCH GRANTS TO FOREIGN AND DOMESTIC ORGANIZATIONS RESEARCHING NEMALINE MYOPATHY SCIENCE. DOMESTICALLY, THESE GRANTS SUPPORTED RESEARCH TO TEST THE INHIBITORY MOLECULE TO THE PROTEIN MYOSTATIN; GENE REPLACEMENT THERAPY ON GENE KLHL41; CORRECTING MUSCLE FUNCTION IN NM BY MUTATION INDEPENDENT APPROACHES; AND SOFT ROBOTIC GARMENTS RESEARCH TO ASSIST IN LOWER-LIMB FUNCTION.THE FOREIGN GRANTS SUPPORTED RESEARCH ON DRUG REPURPOSING FOR THE TREATMENT OF NEB NEMALINE MYOPATHY; TESTED GENETIC THERAPIES ON ACTA NM; AND CRISPR/CAS9 RESEARCH ON NEB NM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Tozer Development Director | 40 | $101,009 | |
Leticia Machado Director | Trustee | 3 | $0 |
Guilherme Machado Director | Trustee | 3 | $0 |
Boris Shimanovsky Director | Trustee | 3 | $0 |
Matt Lloyd Director | Trustee | 3 | $0 |
Lyn Baier Director | Trustee | 3 | $0 |
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 | $1,269,206 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,269,206 |
| Total Program Service Revenue | $0 |
| Investment income | $51,267 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $140,955 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,461,428 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $432,916 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $184,585 |
| 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 | $101,009 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,881 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $140,388 |
| Advertising and promotion | $682 |
| Office expenses | $3,317 |
| Information technology | $6,130 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,335 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,353 |
| All other expenses | $0 |
| Total functional expenses | $907,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,975 |
| Savings and temporary cash investments | $2,881,405 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,012 |
| 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 | $204,232 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150,000 |
| Total assets | $3,531,624 |
| Accounts payable and accrued expenses | $185,612 |
| 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 | $185,612 |
| Net assets without donor restrictions | $3,346,012 |
| 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 | $3,531,624 |
Grants Awarded
Over the last fiscal year, A Foundation Building Strength Inc has awarded $432,916 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHAM & WOMENS HOSPITAL PURPOSE: Research | $244,175 |
UNIVERSITY OF WASHINGTON PURPOSE: Research | $108,333 |
UC RIVERSIDE PURPOSE: Research | $69,786 |
CURECMD INC PURPOSE: Research | $5,429 |
UNIVERSITY OF ARIZONA PURPOSE: Research | $5,193 |