Caring Cross Inc
- Assets
- $1.9m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 14
- Location
- Gaithersburg, MD
- Founding
- 02/2020
- Data as of
- 12/2022
- EIN
- 81-5088460
Organization Overview
Caring Cross Inc, operating under the name Caring Cross, is located in Gaithersburg, MD. The organization was established in 2020. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 12/2022, Caring Cross employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caring Cross 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
AT CARING CROSS WE BELIEVE THAT EVERY PERSON SHOULD BE ABLE TO ACCESS ADVANCE MEDICINE AT AFFORDABLE COST. WE ENABLE ACCESS BY BUILDING A COMMUNITY OF CAREGIVERS INNOVATORS VOLUNTEERS AND PARTNERS THAT COLLABORATE TO DEVELOP AND DELIVER CURATIVE THERAPIES FOR PATIENTS SUFFERING FROM INFECTIOUS DISEASES LIKE HIV CANCER GENETIC DISEASES AND OTHER SERIOUS DISORDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY OF DELAWARE: NIIMBL RESEARCH DEVELOPMENT AND TESTBEDS TO HELP THE NATION PREVENT PREPARE FOR AND RESPOND TO CORONAVIRUS.
THE BILL AND MELINDA GATES FOUNDATION: CARING CROSS IS WORKING TO DEVELOP AND TEST SOLUTIONS FOR TREATMENT OF HIV AIDS AND SICKLE CELL DISEASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Boro Dropulic PHD MBA Executive Director Founder | OfficerTrustee | 40 | $270,846 |
Rimas Orentas PHD Scientific Director Founder | OfficerTrustee | 32 | $222,144 |
Jennifer Adair PHD Director | Trustee | 5 | $0 |
Lindsay Androski JD Director | Trustee | 5 | $0 |
Nicanor Austriaco Op PHD Std Director | Trustee | 5 | $0 |
Deus Bazira Drph MPH MBA 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 | $2,899,434 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,899,434 |
| Total Program Service Revenue | $79,125 |
| Investment income | $6,183 |
| 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 | $2,984,742 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $495,154 |
| Compensation of current officers, directors, key employees. | $9,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $950,032 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $102,917 |
| Payroll taxes | $96,756 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $143,305 |
| Fees for services: Accounting | $21,753 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $360 |
| Office expenses | $0 |
| Information technology | $79,010 |
| Royalties | $0 |
| Occupancy | $173,429 |
| Travel | $10,571 |
| 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 | $116,187 |
| Insurance | $10,705 |
| All other expenses | $374,664 |
| Total functional expenses | $3,984,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $252,067 |
| Savings and temporary cash investments | $643,099 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $376,695 |
| 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 | $655,797 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $14,524 |
| Other assets | $0 |
| Total assets | $1,942,182 |
| Accounts payable and accrued expenses | $364,092 |
| 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 | $364,092 |
| Net assets without donor restrictions | $1,550,191 |
| Net assets with donor restrictions | $27,899 |
| 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 | $1,942,182 |