Morton Cure Paralysis Fund
- Assets
- $637.5k
- Revenue
- $328.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 08/1998
- Data as of
- 12/2021
- EIN
- 31-1611411
Organization Overview
Morton Cure Paralysis Fund is located in Minneapolis, MN. The organization was established in 1998. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morton Cure Paralysis Fund 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, Morton Cure Paralysis Fund generated $328.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $76.0k 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
THE MORTON CURE PARALYSIS FUND MCPF IS A NONPROFIT ORGANIZATION COMMITTED TO FINDING A CURE FOR PARALYSIS CAUSED BY SPINAL CORD INJURY AND OTHER DISORDERS OF THE CENTRAL NERVOUS SYSTEM. MCPF IS ALSO A COMMUNITY OF PEOPLE THAT PROVIDES INFORMATION AND EMOTIONAL SUPPORT TO THOSE AFFECTED BY PARALYSIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTED RESEARCH GRANTS TO NINE WORLD-CLASS SCI RESEARCH LABORATORIES. THESE GRANTS WERE FOR RESEARCH PROJECTS IN THE GLOBAL EFFORT TO FIND A CURE FOR PARALYSIS. GRANTS WERE ALLOCATED BASED ON EXPERT PEER REVIEW OF ALL GRANT APPLICATIONS RECEIVED. PROJECTS WERE CHOSEN FOR THE POTENTIAL TO SOLVE OBSTACLES DIRECTLY IN THE PATH TO A CURE AND THEIR POTENTIAL TO USE THE DATA FROM THE PROJECT TO SECURE MUCH LARGER FUNDING FROM OTHER SOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Hinnenkamp Director, Treasurer | OfficerTrustee | 2 | $0 |
Jon Stevens Chairman, President | OfficerTrustee | 2 | $0 |
Tim Hennessy Director, Secretary | OfficerTrustee | 2 | $0 |
Peter Morton Vp, Executive Director | OfficerTrustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,587 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $301,612 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $332,199 |
| Total Program Service Revenue | $0 |
| Investment income | $37 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,074 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $328,162 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,000 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $4,543 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,445 |
| All other expenses | $983 |
| Total functional expenses | $76,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $623,174 |
| Pledges and grants receivable | $14,363 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $637,537 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $637,537 |
| Total liabilities and net assets/fund balances | $637,537 |
Grants Awarded
Over the last fiscal year, Morton Cure Paralysis Fund has awarded $55,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF UTAH PURPOSE: SCI Research | $30,000 |
Milwaukee, WI PURPOSE: SCI Research | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Morton Cure Paralysis Fund has recieved totaling $19,631.
| Awarding Organization | Amount |
|---|---|
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, HEALTH | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $9,200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $431 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Curative Care Network Inc Milwaukee, WI | $49,016,234 | $11,678,469 |
Versiti Blood Research Institute Foundation Inc Milwaukee, WI | $111,661,539 | $23,540,947 |
Penfield Childrens Center Milwaukee, WI | $6,491,693 | $8,793,397 |
Rcs Empowers Inc Sheboygan, WI | $23,165,945 | $7,747,262 |
Eden Rehabilitation Suites And Green House Homes Inc Oshkosh, WI | $8,070,455 | $4,689,329 |
Lakeside Curative Services Inc Racine, WI | $6,268,047 | $4,983,310 |
Easter Seals Southeast Wisconsin Inc West Allis, WI | $9,593,830 | $5,903,311 |
Lifescape Foundation Sioux Falls, SD | $123,263,343 | $42,993,045 |
Easter Seal Society Of Wisconsin Inc Madison, WI | $9,792,435 | $2,818,739 |
Ascend Services Inc Manitowoc, WI | $4,966,100 | $3,929,911 |
Adapta Rochester, MN | $3,791,251 | $2,747,796 |
Childserve Medical Equipment & Supply Inc Johnston, IA | $2,295,572 | $1,845,160 |