Curebound Inc
- Assets
- $24.4m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 12
- Location
- San Diego, CA
- Founding
- 04/2014
- Data as of
- 12/2023
- EIN
- 46-0552414
Organization Overview
Curebound Inc, operating under the name Pedal The Cause - San Diego, is located in San Diego, CA. The organization was established in 2014. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, Pedal The Cause - San Diego employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pedal The Cause - San Diego 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, Pedal The Cause - San Diego generated $10.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $12.5m during the year ending 12/2023. While expenses have increased by 18.4% 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 2014, Pedal The Cause - San Diego has awarded 42 individual grants totaling $24,133,570. 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
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CUREBOUND LEADS WITH A TRULY UNIQUE INVESTMENT MODEL FOCUSED ON CROSS INSTITUTIONAL COLLABORATION. THIS APPROACH BRINGS TOGETHER IDEAS, TECHNOLOGIES, AND RESEARCH APPROACHES THAT SIMPLY CANNOT OCCUR WITHIN ONE INSTITUTION AND ULTIMATELY ACCELERATES DISCOVERIES TO CLINICAL APPLICATION TO SAVE LIVES. THE RESEARCH TEAMS FUNDED REPRESENT THE THREE NCI CANCER CENTERS IN SAN DIEGO WITH MOORES CANCER CENTER AT UC SAN DIEGO HEALTH, THE SALK INSTITUTE, AND SANFORD BURNHAM PREBYS MEDICAL DISCOVERY INSTITUTE. ALSO, RADY CHILDRENS HOSPITAL, SCRIPPS RESEARCH, AND THE LA JOLLA INSTITUTE OF IMMUNOLOGY. WE ESTABLISHED THE CANCER RESEARCH ROADMAP TO FUND THE MOST PROMISING, INNOVATIVE ONCOLOGY RESEARCH ACROSS ALL CANCER TYPES IN ALIGNMENT WITH FIVE SCIENTIFIC INVESTMENT PILLARS PREVENTION AND DIAGNOSTIC TOOLS, NOVEL APPROACHES AND NEW THERAPEUTIC PLATFORMS, IMMUNOTHERAPIES AND PERSONALIZED VACCINES, CANCER EQUITES, AND PEDIATRIC CANCERS. ACROSS THESE FIVE PILLARS, CUREBOUND PIONEERED THREE GRANT OPPORTUNITIES TO SUPPORT ADVANCEMENT AT ALL PHASES OF DISCOVERY AND TRANSLATIONAL RESEARCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Marbarger CEO | OfficerTrustee | 40 | $330,000 |
Karen Hooper Chief Strategy And Implementation Officer | Officer | 40 | $202,361 |
Heather Ashley Dean-Presnall Strategic Philanthropy Officer | 40 | $120,895 | |
Megan Lee Waddell Director, Padres Pedal The Cause | 40 | $105,922 | |
William Koman Chairman | OfficerTrustee | 3 | $0 |
Chris Tresse Secretary | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wasserman Music Llc Event Performance | 12/30/23 | $2,000,000 |
Kr8ton Event Performance | 12/30/23 | $100,000 |
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 | $7,931,168 |
| Noncash contributions included in lines 1a–1f | $94,045 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,931,168 |
| Total Program Service Revenue | $0 |
| Investment income | $246,733 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,221,926 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$4,299 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,395,528 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,400,965 |
| 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. | $759,178 |
| Compensation of current officers, directors, key employees. | $173,907 |
| 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 | $21,950 |
| Fees for services: Accounting | $149,427 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,533,472 |
| Advertising and promotion | $133,712 |
| Office expenses | $179,384 |
| Information technology | $116,860 |
| Royalties | $0 |
| Occupancy | $82,334 |
| Travel | $25,590 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,354 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,211 |
| Insurance | $47,513 |
| All other expenses | $94,054 |
| Total functional expenses | $12,500,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,218,679 |
| Savings and temporary cash investments | $11,444,325 |
| Pledges and grants receivable | $10,521,177 |
| 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 | $136,744 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $52,293 |
| Other assets | $14,905 |
| Total assets | $24,388,123 |
| Accounts payable and accrued expenses | $148,094 |
| Grants payable | $5,878,291 |
| Deferred revenue | $162,753 |
| 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 | $19,778 |
| Total liabilities | $6,208,916 |
| Net assets without donor restrictions | $8,308,710 |
| Net assets with donor restrictions | $9,870,497 |
| 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 | $24,388,123 |
Grants Awarded
Over the last fiscal year, Curebound Inc has awarded $4,404,869 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SANFORD BURNHAM PRESBYS MEDICAL CENTER PURPOSE: Support Cancer Research | $10,000 |
RADY'S CHILDREN HOSPITAL SAN DIEGO PURPOSE: Support Cancer Research | $225,575 |
THE REGENTS OF UNIVERSITY OF CALIFORNIA PURPOSE: Support Cancer Research | $3,340,462 |
LA JOLLA INSTITUTE FOR IMMUNOLOGY PURPOSE: Support Cancer Research | $603,832 |
SCRIPPS RESEARCH PURPOSE: Support Cancer Research | $225,000 |