Create Cures Foundation
- Assets
- $1.8m
- Revenue
- $370.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Santa Monica, CA
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 47-2793776
Organization Overview
Create Cures Foundation is located in Santa Monica, CA. The organization was established in 2018. According to its NTEE Classification (G80) the organization is classified as: Specifically Named Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, Create Cures Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Create Cures Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATE CURES FOUNDATION IS A 501(C)(3) NONPROFIT ORGANIZATION DEDICATED TO THE PURPOSE OF PROMOTING CREATIVE, EDUCATIONAL AND SCIENTIFIC PROGRAMS AIMED AT ENSURING HEALTHY LIVES, IMPROVING THE WELL-BEING OF ALL AGES AND REDUCING MORTALITY DUE TO NONCOMMUNICABLE DISEASES LIKE CANCER, DIABETES, CARDIOVASCULAR AND NUERODEGENERATIVE DISEASE AS WELL AS OBESITY. WE WANT EVERYONE, EVEN PATIENTS WITHOUT FINANCIAL MEANS TO BE ABLE TO BENEFIT FROM NEW KNOWLEDGE AND LIVE A HEALTHY, LONG LIFE.THE FOUNDATION'S MISSION IS TO PREVENT ILLNESS AND PROMOTE LONGER, HEALTHIER, AND CONSEQUENTLY HAPPIER LIVES AS FUNDAMENTAL HUMAN RIGHTS AS DESCRIBED IN THE "UNIVERSAL DECLARATION OF HUMAN RIGHTS" PROCLAIMED BY THE UNITED NATIONS GENERAL ASSEMBLY IN PARIS IN 1948.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST PATIENTS AND SUPPORT THE CREATION OF A HEALTHCARE SYSTEM THAT IS EFFICIENT, EFFECTIVE AND ACCESSIBLE TO ALL-IN PARTICULAR FOR FINANCIALLY CHALLENGED INDIVIDUALS OR THOSE WITH SERIOUS HEALTH ISSUES/ SUPPORT CHARITABLE AND EDUCATIONAL PROGRAMMING, PROVIDE NUTRITIONAL COUNSELING, DEVELOPMENT AND FULFILLMENT OF EDUCATIONAL PROJECTS, COURSES AND TALKS WORLDWIDE TO FIND CURES FOR DISEASES AND EDUCATES THE PUBLIC ON NUTRITION AND HEALTHY LIVING BASED ON REAL SCIENCE.
SENSITIZE AND EDUCATE ADULTS AND CHILDREN AROUND THE WORLD ABOUT NUTRITION AND LIFESTYLE AS KEY TO LIVING HEALTHIER AND LONGER LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Cristina Villa Secretary | Officer | 10 | $4,987 |
Valter Longo Chairman | OfficerTrustee | 5 | $0 |
Fabio Necco Board Member | Trustee | 10 | $0 |
Raffaele Vardavas Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $180 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $256,397 |
| Noncash contributions included in lines 1a–1f | $96,063 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $256,577 |
| Total Program Service Revenue | $41,043 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $73,035 |
| 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 | $370,659 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $286,150 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,987 |
| Compensation of current officers, directors, key employees. | $4,987 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,897 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,932 |
| Fees for services: Accounting | $8,329 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,289 |
| Advertising and promotion | $7,361 |
| Office expenses | $7,112 |
| Information technology | $6,518 |
| Royalties | $0 |
| Occupancy | $64,837 |
| Travel | $3,368 |
| 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 | $11,723 |
| Insurance | $13,496 |
| All other expenses | $9,337 |
| Total functional expenses | $670,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $198,703 |
| Pledges and grants receivable | $12,000 |
| 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 | $88,321 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $947,158 |
| Other assets | $539,339 |
| Total assets | $1,785,521 |
| Accounts payable and accrued expenses | $531 |
| 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 | $14,200 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,731 |
| Net assets without donor restrictions | $1,533,023 |
| Net assets with donor restrictions | $237,767 |
| 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 | $1,785,521 |
Grants Awarded
Over the last fiscal year, Create Cures Foundation has awarded $150,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIV OF SOUTHERN CALIFORNIA PURPOSE: GENERAL SUPPORT | $140,000 |
WOMENS ALZHEIMERS MOVEMENT PURPOSE: General support | $10,000 |