Cure Rtd Foundation
- Assets
- $1.1m
- Revenue
- $380.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Red Oak, TX
- Founding
- 04/2018
- Data as of
- 12/2023
- EIN
- 82-0864340
Organization Overview
Cure Rtd Foundation is located in Red Oak, TX. The organization was established in 2018. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cure Rtd Foundation 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, Cure Rtd Foundation generated $380.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $258.1k during the year ending 12/2023. While expenses have increased by 20.8% per year over the past 5 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
TO ENCOURAGE, GUIDE, AND FUND ADDITIONAL RESEARCH TO IMPROVE UNDERSTANDING, DIAGNOSIS, AND TREATMENT OF RIBOFLAVIN TRANSPORTER DEFICIENCY ("RTD").
Describe the Organization's Program Activity:
Part 3 - Line 4a
CURE RTD FOUNDATION IS PROUD TO HAVE FUNDED THE FOUR FOLLOWING RESEARCH PROJECTS IN ADVANCEMENT OF THE UNDERSTANDING AND TREATMENT OF RTD: (A) $120,000 INTO A 2-YEAR PROJECT AIMED TO GAIN FURTHER INSIGHTS INTO THE STRUCTURE/FUNCTION RELATIONSHIPS ENSURING THE CORRECT FUNCTIONING OF RFVT2, WHOSE PERTURBATIONS ARE AT THE BASES OF A SEVERE NEURODEGENERATIVE DISORDER, NAMELY RTD TYPE 2 (OMIM # 614707); (B) $18,685 TO INVESTIGATE THE ROLE OF THE BLOOD BRAIN BARRIER IN RIBOFLAVIN TRANSPORT IN PATIENTS WITH RTD; (C) $51,990 INTO A 2-YEAR PROJECT TO BEGIN UNDERSTANDING THE EYE DEFECTS OF RTD PATIENTS BY DEVELOPING IPSC-DERIVED RETINAL ORGANOIDS: A 3D MODEL TO TEST THE EFFICACY OF THE AAV GENE THERAPY; AND (D) $34,596 TO COVER COSTS TO SET UP, OPTIMIZE, AND RUN FLAVIN TESTING ON 222 MOUSE BRAIN AND BLOOD SAMPLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carly Gilbert VP / Treasurer | OfficerTrustee | 8 | $15,000 |
Clayton Greene Secretary | OfficerTrustee | 3 | $0 |
Keith Massey Director | Trustee | 40 | $0 |
Chad Griffith President | OfficerTrustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $70 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $380,178 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $380,248 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $291 |
| 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 | $380,539 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,596 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $190,675 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $13,438 |
| Compensation of current officers, directors, key employees. | $9,406 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,130 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,001 |
| Advertising and promotion | $2,248 |
| Office expenses | $4,321 |
| Information technology | $630 |
| 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 | $258,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,097,526 |
| Savings and temporary cash investments | $0 |
| 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 | $1,097,526 |
| 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 | $1,097,526 |
| 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 | $1,097,526 |