Aim-Hi Accelerator Fund Inc

Organization Overview

Aim-Hi Accelerator Fund Inc, operating under the name Aim Hi Translational Research Inc, is located in Rockville, MD. The organization was established in 2019. According to its NTEE Classification (H30) the organization is classified as: Cancer Research, 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. Aim HI Translational Research 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, Aim HI Translational Research Inc generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (24.2%) each year. All expenses for the organization totaled $6.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (72.6%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE AIM-HI ACCELERATOR FUND IS AN INDEPENDENT 501(C)(3) NON-PROFIT ORGANIZATION, ESTABLISHED WITH AN INITIAL GRANT FROM THE NATIONAL FOUNDATION FOR CANCER RESEARCH WITH THE VISION TO ACCELERATE THE TRANSLATION OF CANCER DRUG DISCOVERIES BY INVESTING IN SEED-STAGE COMPANIES. IT IS A NEW PARADIGM THROUGH VENTURE PHILANTHROPY TO FUND START-UP ONCOLOGY COMPANIES THAT COMMERCIALIZE INNOVATIVE LABORATORY BREAKTHROUGHS WHICH CAN POTENTIALLY SAVE CANCER PATIENTS' LIVES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LEVERAGING IMMEDIATELY DEPLOYABLE VENTURE PHILANTHROPY FUNDING TO PROVIDE SEED FUNDING AND SUSTAINABLE IMPACT INVESTMENT FOR ONCOLOGY START-UPS TO BRIDGE THE "VALLEY OF DEATH" AND BRING INNOVATIVE NEW THERAPIES, DIAGNOSTICS AND CANCER PREVENTION TO PATIENTS.


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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$3,347,719
Noncash contributions included in lines 1a–1f $2,225,065
Total Revenue from Contributions, Gifts, Grants & Similar$3,347,719
Total Program Service Revenue$0
Investment income $4
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 $3,347,723

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Aim-Hi Accelerator Fund Inc has recieved totaling $3,425,000.

Awarding OrganizationAmount
Cancer Research America Nfcr Inc

Rockville, MD

PURPOSE: TRANSLATIONAL

$3,425,000
View Grant Recipient Profile

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