Life Raft Group Inc
- Assets
- $2.9m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 17
- Location
- Wayne, NJ
- Founding
- 07/2002
- Data as of
- 12/2022
- EIN
- 82-0547746
Organization Overview
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 12/2022, Life Raft Group Inc employed 17 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 12/2022, Life Raft Group Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. 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
2022
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 COMPLIMENTS TRADITIONAL RESEARCH WITH REAL WORLD EVIDENCE SUPPORTED BY DATA.
INFORMATION, EDUCATION, ADVOCACY, OUTREACH & ENGAGEMENT: THE LRG PROVIDES SUPPORT, INTERVENTION, EDUCATION AND ADVOCACY TO GIST PATIENTS, THEIR FAMILIES, AND CAREGIVERS. LOCAL SUPPORT IS AVAILABLE TO THE GIST COMMUNITY THROUGH A NETWORK OF LRG MENTORS AND VOLUNTEERS. OUR EDUCATION PROGRAMS ARE OFFERED WORLDWIDE. OUR GIST DAYS OF LEARNING ANDOUR 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 WEBSITE, ACCESS TO OUR CLINICAL TRIALS DATABASE AND OUR WORLDWIDE GIST SPECIALIST DATABASE. EXPERT PATIENT TRAINING IS OFFERED TO ALL MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Cudzil President | OfficerTrustee | 1 | $0 |
Stan Bunn Past President | OfficerTrustee | 1 | $0 |
Jim Hughes Trustee | Trustee | 1 | $0 |
Rodrigo Salas Trustee | Trustee | 1 | $0 |
John Poss Trustee | Trustee | 1 | $0 |
Teena Petersohn Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $64,725 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,248,945 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,313,670 |
| Total Program Service Revenue | $0 |
| Investment income | $41,019 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $41,182 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,396,538 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| 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. | $413,962 |
| Compensation of current officers, directors, key employees. | $16,558 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $834,919 |
| Pension plan accruals and contributions | $15,078 |
| Other employee benefits | $47,783 |
| Payroll taxes | $87,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $138,947 |
| Advertising and promotion | $405 |
| Office expenses | $33,382 |
| Information technology | $19,209 |
| Royalties | $0 |
| Occupancy | $147,869 |
| 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 | $488 |
| Insurance | $15,818 |
| All other expenses | $3,912 |
| Total functional expenses | $1,918,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $875,283 |
| 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 | $1,785 |
| Net Land, buildings, and equipment | $897 |
| Investments—publicly traded securities | $2,012,401 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,951 |
| Total assets | $2,905,317 |
| Accounts payable and accrued expenses | $246,223 |
| 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 | $246,223 |
| Net assets without donor restrictions | $2,623,561 |
| Net assets with donor restrictions | $35,533 |
| 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 | $2,905,317 |
Grants Awarded
Over the last fiscal year, Life Raft Group Inc has awarded $262,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF PITTSBURGH PURPOSE: TO CONDUCT RESEARCH REGARDING TREATMENT RESISTANCE IN GIST PATIENTS. | $37,500 |
PORTLAND VA RESEARCH FOUNDATION 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 |
STANFORD UNIVERSITY PURPOSE: TO CONDUCT RESEARCH REGARDING TREATMENT RESISTANCE IN GIST PATIENTS. | $37,500 |
BRIGHAM & WOMEN'S HOSPITAL PURPOSE: TO CONDUCT RESEARCH REGARDING TREATMENT RESISTANCE IN GIST PATIENTS. | $37,500 |
PORTLAND VA MEDICAL CENTER PURPOSE: TO CONDUCT RESEARCH REGARDING TREATMENT RESISTANCE IN GIST PATIENTS. | $37,500 |