A Foundation Building Strength Inc
- Assets
- $1.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 07/2008
- Data as of
- 12/2021
- 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 12/2021, A Foundation Building Strength Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $583.9k during the year ending 12/2021. While expenses have increased by 1.4% 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.
Since 2015, A Foundation Building Strength Inc has awarded 32 individual grants totaling $1,867,694. 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
2021
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
MEDICAL RESEARCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Guillet President | OfficerTrustee | 5 | $0 |
Sharon Fiedler-Shimanovsky JD Secretary | OfficerTrustee | 3 | $0 |
Boris Shimanovsky Director | Trustee | 3 | $0 |
Thomas Unger Director | Trustee | 2 | $0 |
Willie Quinn Director | Trustee | 5 | $0 |
Lyn Baier Director | Trustee | 3.5 | $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 | $1,126,280 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,126,280 |
| Total Program Service Revenue | $0 |
| Investment income | $624 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,126,904 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $472,267 |
| 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 | $0 |
| 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 | $6,338 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,772 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $105 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $150 |
| 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 | $0 |
| Insurance | $1,152 |
| All other expenses | $0 |
| Total functional expenses | $583,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,464,989 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,445 |
| 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 | $320,819 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $1,820,254 |
| Accounts payable and accrued expenses | $31,644 |
| Grants payable | $0 |
| Deferred revenue | $70,938 |
| 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 | $102,582 |
| Net assets without donor restrictions | $1,717,672 |
| 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 | $1,820,254 |
Grants Awarded
Over the last fiscal year, A Foundation Building Strength Inc has awarded $472,267 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
HOSPITAL FOR SICK KIDS PURPOSE: RESEARCH - MYOSTATIN ON MUSCLE SIZE | $150,000 |
BRIGHAM AND WOMENS HOSPITAL PURPOSE: RESEARCH - MUSCLE FUNCTION IN NM | $99,970 |
UNIVERSITY OF AUSTRALIA PURPOSE: RESEARCH - GENETIC THERAPY NEM3 | $80,359 |
UNIVERSITY OF ARIZONA PURPOSE: RESEARCH - MYOSTATIN ON MUSCLE SIZE | $59,430 |
MONASH UNIVERSITY PURPOSE: RESEARCH - NEB NEMALINE TREATMENT | $39,204 |
UNIVERSITY OF HELSINKI PURPOSE: RESEARCH - MYOSIN DYSFUNCTION | $27,500 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that A Foundation Building Strength Inc has recieved totaling $500,599.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $221,184 |
Greenwald Foundation Glenwood Springs, CO PURPOSE: OPERATING SUPPORT | $150,000 |
Goldhirsh Yellin Foundation Boston, MA PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Health | $26,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $22,900 |
Elbaz Family Foundation Tr Beverly Hills, CA PURPOSE: TO FIND TREATMENTS FOR NEMALINE MYOPATHY. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellcome Leap Inc Culver City, CA | $553,318,259 | $346,259,833 |
Wings For Life Usa - Spinal Cord Research Foundation Inc Santa Monica, CA | $6,609,538 | $4,978,629 |
Foundation For Research Carson City, NV | $164,068,419 | $4,402,154 |
Runx1 Foundation Santa Barbara, CA | $3,085,064 | $5,336,089 |
Psfc Santa Cruz, CA | $8,888,871 | $6,472,995 |
Kure It Inc Irvine, CA | $825,809 | $1,330,675 |
Harold Pump Foundation Sherman Oaks, CA | $580,879 | $1,396,694 |
The Weil Foundation Tucson, AZ | $2,417,436 | $1,895,509 |
Cancer Awareness Through Research And Education Association Carefree, AZ | $148,453 | $969,135 |
Shoot For A Cure North Hollywood, CA | $399,457 | $878,758 |
Arrowhead Regional Medical Center Foundation Colton, CA | $2,669,831 | $937,166 |
Castleman Disease Collaborative Network Paso Robles, CA | $2,064,859 | $788,631 |