Luke Heller Tec Pr2 Foundation
- Assets
- $1.2k
- Revenue
- $503.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Swampscott, MA
- Founding
- 03/2018
- Data as of
- 12/2021
- EIN
- 82-6713042
Organization Overview
Luke Heller Tec Pr2 Foundation is located in Swampscott, MA. The organization was established in 2018. According to its NTEE Classification (U12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luke Heller Tec Pr2 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 12/2021, Luke Heller Tec Pr2 Foundation generated $503.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (41.9%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S PRINCIPAL ACTIVITY IS MAKING GRANTS IN USE OF Q-STATE RESEARCH FACILITIES IN FURTHERANCE OF ADVANCING RESEARCH INTO AND ACCELERATING A CURE FOR A POTENTIALLY FATAL CHILDHOOD DISEASE RESULTING FROM GENETIC ABNORMALITIES INVOLVING TECPR2 GENE. IN ADDITION, THE FOUNDATION ANTICIPATES CONDUCTING ANNUAL SYMPOSIUM THAT BRINGS TOGETHER WORLD-WIDE EXPERTS TO ADVANCE KNOWLEDGE INTO THESE GENETIC ABNORMALITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Noah Heller Trustee | 1 | $0 | |
Jody Heller Trustee | 1 | $0 | |
Sheila Heller Trustee | 1 | $0 | |
Irwin M Heller Trustee | 1 | $0 | |
Andrea Cohen Trustee | 1 | $0 | |
David Cohen Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charles River Labs | 12/30/21 | $806,265 |
Dr Alan Kopin | 12/30/21 | $112,500 |
Brammer Bio | 12/30/21 | $108,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $502,018 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,564 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $294,017 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $503,582 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,645 |
| Total operating and administrative expenses | $1,443,018 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,443,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,192 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,192 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James M And Cathleen D Stone Family Foundation Inc Boston, MA | $262,207 | $3,735,238 |
Aging Biology Foundation Inc Boston, MA | $20,647 | $3,491,863 |
Luke Heller Tec Pr2 Foundation Swampscott, MA | $1,192 | $503,582 |
Eth Zurich Foundation Usa Inc New York, NY | $20,957 | $601,486 |
American Friends Of Zichron Nechama Inc Brooklyn, NY | $0 | $262,647 |
New England Regional Turfgrass Research Tr Middletown, RI | $14,032 | $0 |
Surest Inc Cambridge, MA | $238,918 | $102,642 |
Cardinah Foundation Hopkinton, MA | $0 | $0 |