Life Raft Group Inc is located in Wayne, NJ. The organization was established in 2002. According to its NTEE Classification (G70) the organization is classified as: Digestive Diseases & Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Life Raft Group Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Raft Group 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 12/2021, Life Raft Group Inc generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCING SURVIVAL AND QUALITY OF LIFE FOR PEOPLE LIVING WITH GIST THROUGH PATIENT-POWERED RESEARCH, EDUCATION, EMPOWERMENT AND GLOBAL ADVOCACY EFFORTS. THE VISION IS TO CHAMPION PATIENT-POWERED SCIENCE AND DRASTICALLY INCREASE LONG-TERM SURVIVORSHIP FOR GIST CANCER PATIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH: WE FUND AND MANAGE UNIQUELY COORDINATED RESEARCH INITIATIVES THAT ALWAYS KEEP THE NEEDS OF GIST PATIENTS FOREMOST. THE LIFE RAFT GROUP (LRG) CONTINUES TO LEAD A COLLABORATIVE TEAM OF WORLD-RENOWNED SCIENTISTS AND CLINICIANS IN GIST. LRG HAS THE LARGEST GIST PATIENT REGISTRY IN THE WORLD. OUR RESEARCH PARADIGM IS PATIENT-POWERED SCIENCE FOR LIFE, A COMPREHENSIVE APPROACH THAT COMPLEMENTS TRADITIONAL RESEARCH WITH REAL-WORLD EVIDENCE SUPPORTED BY DATA FROM OUR PROPRIETARY PLATFORMS, OUR GIST PATIENT REGISTRY, GIST/PRIME, PROJECT SURVEILLANCE AND SIDEEQ, OUR SIDE EFFECTS MANAGEMENT TOOL.
INFORMATION, EDUCATION, ADVOCACY, OUTREACH & ENGAGEMENT: THE LRG PROVIDES SUPPORT, INTERVENTION, EDUCATION AND CLINICAL EXPERTISE TO GIST PATIENTS, THEIR FAMILIES AND CAREGIVERS. LOCAL SUPPORT IS AVAILABLE TO THE GIST COMMUNITY THROUGH A NETWORK OF LRG STATE LEADERS AND VOLUNTEERS. OUR EDUCATION PROGRAMS ARE OFFERED WORLDWIDE. OUR GIST DAYS OF LEARNING AND OUR BIENNIAL LIFE FEST EVENT GATHER EXPERTS FROM ACROSS THE GLOBE TO BRING THE MOST UP TO DATE INFORMATION ON GIST RESEARCH, EMERGING THERAPIES AND UPDATES ON THE WORLD OF GIST. OUR OUTREACH AND ENGAGEMENT EFFORTS ALSO INCLUDE PATIENT SUPPORT GROUPS, FOCUS GROUPS, MONTHLY WEBCASTS, OUR NEWLY REVISED WEBSITE, ACCESS TO OUR CLINICAL TRIALS DATA BASE AND OUR WORLDWIDE GIST SPECIALIST DATABASE. EXPERT PATIENT TRAINING IS OFFERED TO ALL MEMBERS. OUR ADVOCACY EFFORTS ARE ON BOTH A LOCAL AND NATIONAL LEVEL. PARTNERING WITH OTHER ADVOCACY GROUPS IN THE RARE DISEASE SPACE, WE ADVOCATE FOR MANY ISSUES OF BENEFIT TO OUR PATIENT COMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Norman J Scherzer Executive Director | Officer | 35 | $131,250 |
Laura Occhiuzzi VP - Executive Director | Officer | 35 | $100,000 |
Jerry Cudzil President | OfficerTrustee | 1 | $0 |
Stan Bunn Past President | OfficerTrustee | 1 | $0 |
Gary Glasser Secretary/treasurer | OfficerTrustee | 1 | $0 |
Rodrigo Salas Trustee | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $65,748 |
Related organizations | $0 |
Government grants | $251,560 |
All other contributions, gifts, grants, and similar amounts not included above | $1,558,060 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,875,368 |
Total Program Service Revenue | $0 |
Investment income | $1,027 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $97,041 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,973,515 |
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. | $247,496 |
Compensation of current officers, directors, key employees. | $9,900 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,032,263 |
Pension plan accruals and contributions | $23,044 |
Other employee benefits | $66,321 |
Payroll taxes | $106,550 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $13,650 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $179,835 |
Advertising and promotion | $776 |
Office expenses | $53,162 |
Information technology | $23,902 |
Royalties | $0 |
Occupancy | $142,654 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $46,800 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $532 |
Insurance | $21,910 |
All other expenses | $0 |
Total functional expenses | $1,984,660 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $3,347,807 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $10,312 |
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 | $12,860 |
Net Land, buildings, and equipment | $1,385 |
Investments—publicly traded securities | $3,240 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $14,951 |
Total assets | $3,390,555 |
Accounts payable and accrued expenses | $209,903 |
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 | $209,903 |
Net assets without donor restrictions | $3,180,652 |
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 | $3,390,555 |
Over the last fiscal year, Life Raft Group Inc has awarded $262,500 in support to 7 organizations.
Grant Recipient | Amount |
---|---|
Redwood City, CA PURPOSE: TO CONDUCT RESEARCH REGARDING TREATMENT RESISTANCE IN GIST PATIENTS. | $37,500 |
Somerville, MA PURPOSE: TO CONDUCT RESEARCH REGARDING TREATMENT RESISTANCE IN GIST PATIENTS. | $37,500 |
CLEVELAND CLINIC PURPOSE: TO CONDUCT RESEARCH REGARDING TREATMENT RESISTANCE IN GIST PATIENTS. | $37,500 |
Pittsburgh, PA PURPOSE: TO CONDUCT RESEARCH REGARDING TREATMENT RESISTANCE IN GIST PATIENTS. | $37,500 |
Portland, OR PURPOSE: TO CONDUCT RESEARCH REGARDING TREATMENT RESISTANCE IN GIST PATIENTS. | $37,500 |
Portland, OR PURPOSE: TO CONDUCT RESEARCH REGARDING TREATMENT RESISTANCE IN GIST PATIENTS. | $37,500 |
Over the last fiscal year, we have identified 9 grants that Life Raft Group Inc has recieved totaling $32,142.
Awarding Organization | Amount |
---|---|
$25,000 | |
Perkins Foundation Wayzata, MN PURPOSE: GENERAL SUPPORT | $2,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,136 |
Price Philanthropies Foundation La Jolla, CA PURPOSE: GENERAL SUPPORT | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $200 |
Organization Name | Assets | Revenue |
---|---|---|
Life Raft Group Inc Wayne, NJ | $3,390,555 | $1,973,515 |
Gastroenterology & Hepatology Advanced Practice Providers Inc Clark, NJ | $1,094,862 | $2,355,713 |
Wilson Disease Association New York, NY | $361,542 | $335,326 |
American Legion Clayton, NY | $434,217 | $242,230 |
Marks Colorectal Surgical Foundation Wynnewood, PA | $478,003 | $0 |
A Mothers Wish Media, PA | $78,055 | $0 |
Pennsylvania Society Of Gastroenterology Mechanicsburg, PA | $1,064,044 | $174,295 |
Cure For Ibd Basking Ridge, NJ | $131,265 | $103,462 |
New York Society Of Colon And Rectal Surgeons Inc Hauppauge, NY | $60,444 | $0 |
New York Crohns And Colitis Organization Syosset, NY | $73,306 | $31 |
Gi 21 Foundation Saxonburg, PA | $44,562 | $0 |
Ibd Remedy New York, NY | $67,612 | $0 |