The Lam Foundation
- Assets
- $2.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Cincinnati, OH
- Founding
- 08/1995
- Data as of
- 12/2023
- 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 12/2023, Lam Foundation employed 7 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 12/2023, Lam Foundation generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lam Foundation has awarded 58 individual grants totaling $3,318,201. 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
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 COSTSTHE LAM FOUNDATION AWARDED $330,000 TO FUND TWO NEW RESEARCH PROJECTS IN 2023. THE FOUNDATION CONTINUED TO FUND TWELVE GRANTS WHICH HAD BEEN APPROVED IN PRIOR YEARS. THE FOUNDATION PRIORITIZED FUNDING FOR TWO INNOVATIVE PATIENT-FOCUSED STUDIES: LAM PREP AND LAMFIT. THE LAM FOUNDATION EARLY CAREER NETWORK (TEN) MET ON FOUR OCCASIONS, PROVIDING A UNIQUE ENVIRONMENT FOR YOUNG INVESTIGATORS TO DISCUSS THEIR LAM RESEARCH AND CAREER GOALS.
PATIENT SERVICESIN COLLABORATION WITH OUR LAM CLINIC DIRECTORS, LIAISONS AND SCIENTISTS WE OFFERED 21 VIRTUAL EVENTS, INCLUDING LAMPOSIUM IN YOUR LIVING ROOM WEBINARS, EDUCATION MEETINGS, AND SOCIAL GATHERINGS. 811 MEMBERS OF OUR GLOBAL COMMUNITY ATTENDED OUR VIRTUAL EVENTS, AND THE RECORDED PRESENTATION RECEIVED OVER 1200 VIEWINGS, FURTHER SPREADING LAM EDUCATION AND AWARENESS AROUND THE GLOBE. MORE THAN 231 INDIVIDUALS REGISTERED WITH THE FOUNDATION. TEN CIRCLE OF HOPE TRANSPLANT SUPPORT PROGRAM PARTICIPANTS RECEIVED LUNG TRANSPLANTS THIS YEAR, RESULTING IN MORE THAN 54 TISSUE SAMPLES TO FURTHER LAM RESEARCH. WE PRODUCED FOUR JOINT REGIONAL EDUCATIONAL CONFERENCES IN PARTNERSHIP WITH THE TSC ALLIANCE IN DENVER, BRIMINGHAM, WASHINGTON D.C. AND SEATTLE.
CLINICALTHE LAM CLINIC & RESEARCH NETWORK CONTINUES TO EXPAND AND PROVIDE LOCALLY BASED, EXPERT CARE FOR WOMEN WITH LAM AROUND THE WORLD. WE ADDED 4 CLINICS IN 2023: RICHMOND, VA, JOHANNESBURG, SOUTH AFRICA; CHARLOTTESVILLE, VA AND MAINZ, GERMANY. THE LAM FOUNDATION HOSTED 55 MEMBERS OF THE LAM CLINIC AND RESEARCH NETWORK AT THE LAM FOUNDATION LUNCHEON AT THE ATS CONFERENCE IN WASHINGTON, D.C.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Sherman CEO | Officer | 40 | $221,520 |
Vera Krymskaya PHD Director | Trustee | 1 | $0 |
Andrew Romanosky Treasurer | OfficerTrustee | 1 | $0 |
Dan Dilling MD Director | Trustee | 1 | $0 |
Pat Venters Director | Trustee | 1 | $0 |
Stephanie Nemser-Dreyer Director | 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 | $1,354,526 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,354,526 |
| Total Program Service Revenue | $10,000 |
| Investment income | $85,293 |
| 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 | $1,455,589 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $404,442 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $35,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $227,483 |
| Compensation of current officers, directors, key employees. | $56,319 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $399,888 |
| Pension plan accruals and contributions | $5,963 |
| Other employee benefits | $85,634 |
| Payroll taxes | $40,544 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $104,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $228,857 |
| Advertising and promotion | $0 |
| Office expenses | $6,951 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,671 |
| Travel | $19,014 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,526 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $161 |
| Insurance | $0 |
| All other expenses | $40,835 |
| Total functional expenses | $1,803,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,589 |
| Savings and temporary cash investments | $2,364,363 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,745 |
| 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 | $12,250 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $38 |
| Other assets | $0 |
| Total assets | $2,596,985 |
| Accounts payable and accrued expenses | $151,106 |
| Grants payable | $196,596 |
| 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 | $347,702 |
| Net assets without donor restrictions | $2,004,609 |
| Net assets with donor restrictions | $244,674 |
| 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 | $2,596,985 |
Grants Awarded
Over the last fiscal year, The Lam Foundation has awarded $424,891 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHAM & WOMENS HOSPITAL PURPOSE: Research | $56,891 |
NEW YORK MEDICAL COLLEGE PURPOSE: Research | $10,000 |
CINCINNATI CHILDRENS MED CEN PURPOSE: Research | $163,000 |
NORTHWESTERN UNIVERSITY PURPOSE: Research | $50,000 |
UNIVERSITY OF MARYLAND PURPOSE: Research | $60,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: Resarch | $60,000 |