The Lam Foundation
- Assets
- $3.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Cincinnati, OH
- Founding
- 08/1995
- Data as of
- 12/2021
- EIN
- 31-1438001
Organization Overview
The Lam Foundation is located in Cincinnati, OH. The organization was established in 1995. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Lam Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lam 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, Lam Foundation generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lam Foundation has awarded 50 individual grants totaling $2,621,043. 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
THE LAM FOUNDATION URGENTLY SEEKS SAFE AND EFFECTIVE TREATMENTS AND ULTIMATELY A CURE FOR LAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH COSTS - THE LAM FOUNDATION AWARDED $610,000 TO FUND SIX NEW RESEARCH PROJECTS IN 2021, INCLUDING THREE FIRST-TIME AWARD RECIPIENTS. MORE THAN 155 ATTENDEES PARTICIPATED IN THE 2021 VIRTUAL INTERNATIONAL TSC & LAM RESEARCH CONFERENCE: DRIVING DISCOVERIES BEYOND BOUNDARIES, CO-HOSTED WITH THE TSC ALLIANCE. MORE THAN 85 ATTENDEES PARTICIPATED IN THE 2021 LAM RESEARCH VIRTUAL CONFERENCE: TRANSFORMING OUR UNDERSTANDING OF LAM: THE PATH FORWARD. THE FOUNDATION CONDUCTED AN OUTREACH PROGRAM TO SUPPORT CLINICAL TRIAL RECRUITMENT FOR THE MILED TRIAL, WHICH HAS NOW REACHED 75% TARGET ENROLLMENT, AND ALSO CONTRIBUTED $40,000 TO SUSTAIN THE MIDAS REGISTRY.
PATIENT SERVICES - IN COLLABORATION WITH OUR LAM CLINIC DIRECTOR, LIAISONS AND SCIENTISTS WE OFFERED 25 VIRTUAL EVENTS, INCLUDING LAMPOSIUM IN YOUR LIVING ROOM WEBINARS, EDUCATION MEETINGS, AND SOCIAL GATHERINGS. MORE THAN 1,100 MEMBERS OF OUR GLOBAL COMMUNITY ATTENDED OUR VIRTUAL EVENTS, AND THE RECORDED PRESENTATION RECEIVED OVER 650 VIEWINGS, FURTHER SPREADING LAM EDUCATION AND AWARENESS AROUND THE GLOBE. MORE THAN 225 INDIVIDUALS REGISTERED WITH THE FOUNDATION: 100 + FROM THE UNITED STATE AND NEARLY 100 FROM OTHER COUNTRIES. 3 CIRCLE OF HOPE TRANSPLANT SUPPORT PROGRAM PARTICIPANTS THIS YEAR, RESULTING IN NEARLY A DOZEN TISSUE SAMPLES TO FURTHER LAM RESEARCH.
CLINICAL - THE LAM CLINIC NETWORK PROVIDED LEADERSHIP AND GUIDANCE DURING THE COVID-19 PANDEMIC TO ENSURE LAM PATIENTS HAD THE MOST UP TO DATE RESOURCES, INCLUDING A COMMUNITY Q&A WEBPAGE, VACCINE RECOMMENDATIONS, AND MASK GUIDELINES. THE FOUNDATION CO-HOSTED 2 VIRTUAL TOWN HALLS IN PARTNERSHIP WITH THE TSC ALLIANCE, WHICH RECEIVED OVER 675 VIEWINGS. THE LAM FOUNDATION HOSTED QUARTERLY LAM CLINIC DIRECTOR MEETINGS TO FACILITATE CLINICAL TRIAL UPDATES, RARE LUNG DISEASES CASE STUDY PRESENTATIONS, AND ROLL-OUT OF NEW OF TOOLS FOR PATIENT SUPPORT VIA THE LAM CLINIC NETWORK. THE LAM FOUNDATION WAS AWARDED A $15,000 COMMUNITY SERVICE GRANT FROM CHEST FOR THE DISSEMINATION OF THE LAM CLINICAL PRACTICE GUIDELINES AROUND THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Sherman CEO | Officer | 40 | $180,879 |
Andrew Romanosky Treasurer | OfficerTrustee | 1 | $0 |
Chuck Wehland Chairman | OfficerTrustee | 1 | $0 |
Chuck Young Secretary | OfficerTrustee | 1 | $0 |
Vera Krymskaya PHD Trustee | Trustee | 1 | $0 |
Stephen Ruoss MD Trustee | Trustee | 1 | $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 | $1,693,658 |
| Noncash contributions included in lines 1a–1f | $51,737 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,693,658 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $514,151 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,209,585 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $407,700 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $50,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $186,399 |
| Compensation of current officers, directors, key employees. | $32,328 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $354,629 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $206,196 |
| Advertising and promotion | $0 |
| Office expenses | $8,251 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,004 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,766 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $483 |
| Insurance | $0 |
| All other expenses | $16,508 |
| Total functional expenses | $1,346,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $347,065 |
| Savings and temporary cash investments | $2,828,280 |
| Pledges and grants receivable | $5,500 |
| Accounts receivable, net | $5,615 |
| 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 | $31,864 |
| Net Land, buildings, and equipment | $214 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $470 |
| Other assets | $0 |
| Total assets | $3,219,008 |
| Accounts payable and accrued expenses | $36,788 |
| Grants payable | $255,000 |
| 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 | $28,787 |
| Total liabilities | $320,575 |
| Net assets without donor restrictions | $2,562,840 |
| Net assets with donor restrictions | $335,593 |
| 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 | $3,219,008 |
Grants Awarded
Over the last fiscal year, The Lam Foundation has awarded $402,795 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Somerville, MA PURPOSE: Research | $180,000 |
Cincinnati, OH PURPOSE: Research | $66,667 |
UNIVERSITY OF CINCINNATI PURPOSE: Research | $63,000 |
College Park, MD PURPOSE: Research | $60,000 |
San Francisco, CA PURPOSE: Research | $25,000 |
UNIVERSITY OF WASHINGTON PURPOSE: Research | $8,128 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Lam Foundation has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Webster U Walker Jr Foundation Inc Philadelphia, PA PURPOSE: OPERATIONS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Communtiy Foundation Of The Holland Zeeland Area Holland, MI | $102,848,837 | $16,439,772 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |
New Albany Community Foundation New Albany, OH | $19,894,351 | $7,914,986 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
The Wayne And Joan Webber Foundation Clinton Township, MI | $34,958,708 | $9,275,748 |
United Way Of Greater Stark County Inc Canton, OH | $15,976,372 | $6,358,831 |