The Poetic Foundation Inc
- Assets
- $121.4k
- Revenue
- $202.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Staten Island, NY
- Founding
- 02/2012
- Data as of
- 12/2023
- EIN
- 80-0688254
Organization Overview
The Poetic Foundation Inc is located in Staten Island, NY. The organization was established in 2012. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, 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. Poetic Foundation 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 12/2023, Poetic Foundation Inc generated $202.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $148.3k during the year ending 12/2023. While expenses have increased by 17.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE POETIC FOUNDATION'S MISSION IS TO PROMOTE THE EARLY CLINICAL DEVELOPMENT OF PROMISING THERAPIESFOR THE TREATMENT OF CHILDREN, ADOLESCENTS AND YOUNG ADULTS WITH CANCER AND RELATED DISORDERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL AND RELATED NECESSARY SUPPORT TO ENTITIES INVOLVED IN MEDICAL RESEARCH AND CLINICAL TRIALS WITH A PARTICULAR EMPHASIS ON ADVANCING PEDIATRIC CANCER CARE AND SUPPORT. TWO CLINICAL TRIALS WERE OPENED . EIGHT SITES WERE INITIATED IN 2023, ONE SITE WAS OPENED AND INTIATED STUDY SITE ACTIVITIES AT 25 ADDITONAL CENTERS. FURTHER,FOUR CLINICAL WORKING GROUPS WERE SUPPORTED WITH THREE STUDY CONCEPTS OVER DEVELOPMENT IN 2023. ADDITIONALLY COMPLETED DATA LOCK AND PREPARATION OF DATA ANALYSIS AND DEVELPED CENTRALIZED INSTRASTRUCTURE ( REGULATORY SUPPORT, FDA SUBMISSION, ELECTRONIC DATA CAPTURE, CENTRALIZED IRB, CENTRALIZED DRUG VENDOR SERVICES, ESTABLISHING IN KIND DONATION OF DRUG SUPPLY) AND MONTHLY PRINICIPAL INVESTIGATOR CALLS, STUDY SAFETY CALLS AND DISCUSSIONS WITH PHARMA COMPANIES STUDY CONCEPTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aru Narendren MD Director | Trustee | 5 | $0 |
Cynthia Herzog MD Director | Trustee | 5 | $0 |
Valerie Brown MD Director | Trustee | 5 | $0 |
Amy Smith MD Director | Trustee | 5 | $0 |
Luke Maese MD Director | Trustee | 5 | $0 |
Anne Marie Langevin MD Director | Trustee | 5 | $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 | $202,334 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $202,334 |
| Total Program Service Revenue | $0 |
| Investment income | $10 |
| 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 | $202,344 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $140,000 |
| 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 | $6,938 |
| 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 | $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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $148,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $121,365 |
| 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 | $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 | $121,365 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $121,365 |
Grants Awarded
Over the last fiscal year, The Poetic Foundation Inc has awarded $72,568 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MD ANDERSON CANCER CENTER PURPOSE: TO INTERFACE AND DEVELOP RESEARCH TECHNOLOGIES AND PROMOTE CLINICAL TRIALS | $8,355 |
THE GASANA FOUNDATION PURPOSE: TO AID IN DEVELOPMENT OF INTERNATIONAL CHILDREN'S CANCER RESEARCH CENTER IN KYEBI GHANATO PROMOTE RESEARCH AND DEVELOP CLINICAL TRIALS | $64,213 |