Bcm Families Foundation is located in Jupiter, FL. The organization was established in 2014. According to its NTEE Classification (G41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bcm Families 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, Bcm Families Foundation generated $156.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $336.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SUPPORT FOR RESEARCH, PROJECTS, ACTIVITIES AND ORGANIZATIONS RELATED TO THE DIAGNOSIS, TREATMENT OR CURE OF BLUE CONE MONOCHROMACY (BCM). ALSO TO ESTABLISH NETWORKS AND SYNERGIES WITH OTHER GROUPS AND ORGANIZATIONS DEDICATED TO EYE AND/OR OTHER RARE DISEASE ISSUES AND TO EDUCATE THE GENERAL PUBLIC REGARDING BCM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023 THE BCMFF WORKED IN AGREEMENT WITH THE STRATEGIC PLAN, IN MULTIPLE DIRECTIONS-- CURE FOR BCM: AFTER OUR BIOTECH PARTNER DECIDED TO STOP THE DEVELOPMENT OF THE BCM GENE THERAPY IN 2022, THEN IN 2023 WE DECIDED TO CONTINUE DEVELOPMENTS BY FINANCING SOME IMPORTANT PARTS BY OURSELVES. IN THE MEANTIME, THE DIRECTOR JOHN CAVITT RESIGNED WITH THE AIM OF IMPLEMENTING A FUNDRAISING PROGRAM FOR THE TREATMENT, FOUNDING THE BLUEGEN THERAPY FOUNDATION, WITH WHICH WE STARTED A CONSTRUCTIVE DIALOGUE. ONE OF THE MOST IMPORTANT PROJECTS FOR THE BCMFF IN 2023 WAS TO FINANCE THE UNIVERSITY OF PENNSYLVANIA, WHERE DOCTORS ARTUR CIDECIYAN AND TOMAS ALEMAN WORKED IN 2023 AND UNTIL JUNE 2024 ON THE CLINICAL PROTOCOL AND OUTCOME MEASURES OF THE GENE THERAPY. THE INITIAL PROJECT COST WAS $148,759 OF WHICH $99,172 PAID IN 2023. IN 2024 UNIVERSITY OF PENNSYLVANIA REQUESTED $35,000 MORE TO END THE PROJECT AND TO COORDINATE WITH THE EUROPEAN CLINICAL CENTER OF TUBINGEN. BCMFF AGREED. IN 2023 THE BCMFF FINANCED ALSO THE STUDY OF DR. WENTAO DENG AT THE WEST VIRGINIA UNIVERSITY TO TEST SOME INTRAVITREAL VECTORS RECEIVED FROM THE UNIVERSITY OF CALIFORNIA BERKELEY. THE COST OF THE WVU PROJECT IS $130,888; IN 2023 WE PAID $100,000. MOREOVER, WE PAID $2,000 TO UCB TO HAVE EXCLUSIVE RIGHT TO EVALUATE FOR 1 YEAR AN INTRAVITREAL VECTORS WE RECEIVED. THERE ARE SOME LEGAL EXPENSES RELATED TO CLOSE AND DISCUSS AGREEMENTS OF ALL THESE PROJECTS. DIAGNOSIS THE BCMFF STARTED A COLLABORATION WITH THE INSTITUTE OF MOLECULAR AND CLINICAL OPHTHALMOLOGY BASEL (IOB), BASEL, SWITZERLAND. WE FINANCED THE OPSIN MINER PROJECT OF DR. MATHIEU QUINODOZ FOR $8,784. THIS PROJECT CAN IMPROVE DNA TESTS AND CAN BE IMPLEMENTED IN LABS THAT PERFORM NEXT GENERATION SEQUENCING DNA TESTS. PATIENT PREPARATION FOR CLINICAL TRIAL: WE MAINTAINED AND DEVELOPED THE BCM PATIENT REGISTRY, A STRATEGIC PROJECT FOR THE CLINICAL TRIAL. WE PAID FOR ANNUAL COST FOR HOSTING (AWS); SOFTWARE MAINTENANCE DIGITAL VIDEO; REGISTRY MANAGER SARA CAMMAROTA; LEGAL FEES TO THE DATA PROTECTION OFFICER CMS; ANNUAL ETHICS REVIEW FROM WIRB. AN INCREASED NUMBER OF PATIENTS, FAMILIES AND CLINICIANS PARTICIPATING IN THE REGISTRY HAS BEEN EXPERIENCED IN 2023. COMMUNITY BUILDING: A EUROPEAN FAMILIES MEETING WAS HELD ON SEPTEMBER 19, 2023 IN TUBINGEN, HOSTED BY THE UNIVERSITY OF TUBINGEN AND BY THE GERMANY ACHROMATOPSIA ASSOCIATION. A NATIONAL FAMILIES MEETING WAS HELD IN CHARLOTTE, NC, ON APRIL 29, 2023. THERE ARE COSTS RELATED TO THESE MEETINGS, MAINLY FOR THE CHARLOTTE MEETING, INCLUDING SERVICES FOR THE CHILDREN ROOM, HOTEL ROOM SCHOLARSHIPS, PRINTED MATERIALS, HOTEL ROOMS AND TRAVEL REIMBURSEMENT FOR SCIENTISTS AND HOTEL SERVICES FOR THE CONFERENCE, PARTIALLY PAID IN ADVANCE IN 2022. BCMFF REPUTATION: WE MAINTAINED CONNECTIONS WITH OTHER PATIENT ORGANIZATIONS AND UMBRELLA ORGANIZATIONS, SUCH AS NORD, EURORDIS, ORPHANET, FASTERCURES, FOUNDATION FIGHTING BLINDNESS, BERKELEY FORUM FOR COLLABORATIVE RESEARCH , ITALIAN ACHROMATS ASSOCIATION. DIRECTORS PARTICIPATED IN THE FLORETINA CONFERENCE AND IN SEVERAL ROUNDTABLES AND WEBINARS OF THE BERKELEY FORUM. FUNDRAISING: THANKS ONLY TO THE WORK OF VOLUNTEERS, WITH NO EXPENSES, WE ORGANIZED THE GIVINGTUESDAY CAMPAIGN AND THE THE MONTHLY DONORS CAMPAIGN.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Renata Sarno President And Director | OfficerTrustee | 18 | $0 |
Kay J Mccrary Secretary And Director | OfficerTrustee | 20 | $0 |
Barbara Sergent Treasurer And Director | OfficerTrustee | 12 | $0 |
Marylee Dilling Mohn Director | Trustee | 2 | $0 |
John Cavitt Director | Trustee | 2 | $0 |
Ned Reade Director | Trustee | 2 | $0 |
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 | $156,105 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $156,105 |
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 | $156,105 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $291,431 |
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 | $8,273 |
Fees for services: Accounting | $5,110 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $178 |
Office expenses | $1,202 |
Information technology | $0 |
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 | $20,015 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $808 |
All other expenses | $0 |
Total functional expenses | $336,805 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $82,137 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
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 | $3,550 |
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 | $85,687 |
Accounts payable and accrued expenses | $795 |
Grants payable | $80,475 |
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 | $14,400 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $95,670 |
Net assets without donor restrictions | -$9,983 |
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 | $0 |
Total liabilities and net assets/fund balances | $85,687 |
Over the last fiscal year, Bcm Families Foundation has awarded $224,761 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
UNIVERSITY OF PENNSYLVANIA PURPOSE: RESEARCH | $199,524 |
UNIVERSITY OF FLORIDA BOARD OF TRUSTEES PURPOSE: RESEARCH | $25,237 |