Usher 1f Collaborative Inc
- Assets
- $1.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Newtonville, MA
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-4309387
Organization Overview
Usher 1f Collaborative Inc is located in Newtonville, MA. The organization was established in 2014. According to its NTEE Classification (H40) the organization is classified as: Diseases of Specific Organs Research, 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. Usher 1f Collaborative 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 12/2022, Usher 1f Collaborative Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $932.8k during the year ending 12/2022. While expenses have increased by 31.8% per year over the past 8 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 2016, Usher 1f Collaborative Inc has awarded 37 individual grants totaling $3,403,600. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FUND MEDICAL RESEARCH TO FIND AN EFFECTIVE TREATMENT TO SAVE OR RESTORE THE VISION OF THOSE AFFECTED WITH USHER SYNDROME TYPE 1F.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FUND MEDICAL RESEARCH TO FIND AN EFFECTIVE TREATMENT TO SAVE OR RESTORE THE VISION OF THOSE AFFECTED WITH USHER SYNDROME TYPE 1F.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jared Root Secretary And Trustee | OfficerTrustee | 2 | $0 |
Melissa Chaikof Chair And Trustee | OfficerTrustee | 40 | $0 |
Frank Gentile Treasurer And Trustee | OfficerTrustee | 2 | $0 |
Elliot Chaikof Vice Chair And Trustee | OfficerTrustee | 2 | $0 |
Rachael Root Trustee | Trustee | 2 | $0 |
Julian Seewald Trustee | Trustee | 2 | $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 | $1,081,791 |
| Noncash contributions included in lines 1a–1f | $55,054 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,081,791 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,082,978 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $719,100 |
| 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 | $59,724 |
| Pension plan accruals and contributions | $1,638 |
| Other employee benefits | $10,317 |
| Payroll taxes | $4,927 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,766 |
| Fees for services: Accounting | $10,958 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,567 |
| Advertising and promotion | $10,329 |
| Office expenses | $19,164 |
| Information technology | $11,741 |
| 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 | $5,110 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,877 |
| All other expenses | $614 |
| Total functional expenses | $932,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,681 |
| Savings and temporary cash investments | $930,431 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $356,223 |
| 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 | $1,300,335 |
| Accounts payable and accrued expenses | $5,320 |
| 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 | $5,320 |
| Net assets without donor restrictions | $1,104,973 |
| Net assets with donor restrictions | $190,042 |
| 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 | $1,300,335 |
Grants Awarded
Over the last fiscal year, Usher 1f Collaborative Inc has awarded $718,100 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Columbia, MD | | $300,000 |
Cambridge, MA | | $163,000 |
Eugene, OR | | $120,000 |
La Jolla, CA | | $95,100 |
Baltimore, MD | | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Usher 1f Collaborative Inc has recieved totaling $6,206.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,206 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Scleroderma Foundation Danvers, MA | $11,463,074 | $4,581,467 |
Usher 1f Collaborative Inc Newtonville, MA | $1,300,335 | $1,082,978 |
Termeer Foundation Inc Marblehead, MA | $1,750,365 | $259,546 |
Scleroderma Foundation Tri State Chapter Inc Binghamton, NY | $974,224 | $314,907 |
Foundation For Reproductive Medicine New York, NY | $63,851 | $0 |
Cgat Research Foundation Inc Needham, MA | $20,131 | $0 |
Salgi Esophageal Cancer Research Foundation East Greenwich, RI | $342,323 | $90,543 |
Overcoming Multiple Sclerosis Usa Inc Brooklyn, NY | $37,871 | $0 |
International Childrens Continence Society Inc Chappaqua, NY | $195,461 | $0 |
Domar Foundation Inc Waltham, MA | $38,156 | $0 |
New York Fertility Research Foundation Inc New York, NY | $67,492 | $0 |
New Age Research Foundation New Hyde Park, NY | $8,129 | $0 |