National Stem Cell Foundation Inc
- Assets
- $8.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Louisville, KY
- Founding
- 09/2005
- Data as of
- 12/2021
- EIN
- 83-0392250
Organization Overview
National Stem Cell Foundation Inc is located in Louisville, KY. The organization was established in 2005. According to its NTEE Classification (H40) the organization is classified as: Diseases of Specific Organs Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, National Stem Cell Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Stem Cell Foundation 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, National Stem Cell Foundation Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% 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.
Since 2014, National Stem Cell Foundation Inc has awarded 29 individual grants totaling $4,906,100. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NSCF FUNDS ADULT STEM CELL AND REGENERATIVE MEDICINE RESEARCH, CONNECTS CHILDREN WITH LIMITED RESOURCES TO CLINICAL TRIALS FOR RARE DISEASES, AND UNDERWRITES THE NATIONAL STEM SCHOLAR PROGRAM FOR MIDDLE SCHOOL SCIENCE TEACHERS INSPIRING THE NEXT GENERATION OF STEM PIONEERS NATIONWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCOMPLISHMENTS INCLUDE DEVELOPMENT OF A COLLABORATIVE PROJECT BETWEEN FUNDED RESEARCHERS ON BOTH COASTS FOR A FIRST-IN-MAN STUDY OF NEURODEGENERATION ON THE INTERNATIONAL SPACE STATION (ISS) AND THE DESIGN AND DEVELOPMENT OF A DIGITAL LIBRARY OF STEM PROJECT-BASED SCIENCE LESSONS THAT WILL BE MADE AVAILABLE FREE OF CHARGE FOR TEACHERS, STUDENTS AND PARENTS WORLDWIDE.SEE SCHEDULE OTHROUGH A FUND ESTABLISHED AT THE PEDIATRIC TRANSPLANT AND CELLULAR THERAPY (PTCT) PROGRAM AT DUKE UNIVERSITY, NSCF HELPS COVER INSURANCE DEDUCTIBLES AND CO-PAYS FOR CHILDREN MEDICALLY ELIGIBLE TO PARTICIPATE IN POTENTIALLY LIFE-SAVING CLINICAL TRIALS FOR RARE DISEASES WHEN THOSE OUT-OF-POCKET COSTS ARE BEYOND A FAMILY'S MEANS. CHILDREN FROM ALL OVER THE UNITED STATES AND AROUND THE WORLD TRAVEL TO PTCT FOR ACCESS TO CLINICAL TRIALS FOR RARE, DISABLING AND FATAL DISEASES. THESE ARE CHILDREN WITH NO OTHER TREATMENT OPTIONS AND LIMITED FINANCIAL RESOURCES.NSCF FOUNDED, AND UNDERWRITES THE NATIONAL STEM SCHOLAR PROGRAM FOR MIDDLE SCHOOL SCIENCE TEACHERS INSPIRING THE NEXT GENERATION OF STEM PIONEERS NATIONWIDE. NSCF PARTNERS WITH THE GATTON ACADEMY OF MATHEMATICS AND SCIENCE AT WESTERN KENTUCKY UNIVERSITY TO PROVIDE ADVANCED STEM TRAINING, NATIONAL NETWORK BUILIDNG, "BIG IDEA" PROJECT SUPPORT AND YEARLONG MENTORING FOR SCIENCE TEACHERS MOTIVATING STUDENTS AT THE TIPPING POINT OF LIFELONG SCIENCE INTEREST - MIDDLE SCHOOL. THERE ARE CURRENTLY 70 NATIONAL STEM SCHOLARS IN 31 STATES WHO WILL HAVE IMPACTED AN ESTIMATED 85,000 MIDDLE SCHOOL STUDENTS IN THE UNITED STATES BY 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Grisanti CEO | OfficerTrustee | 40 | $100,000 |
Diane Cornwell Chief Financial Officer | Officer | 1.5 | $16,200 |
Bruce S Wolff Chairman | OfficerTrustee | 5 | $0 |
C Dennis Riggs Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Michael Grisanti Director | Trustee | 2 | $0 |
John M Cranor III Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $442,890 |
| All other contributions, gifts, grants, and similar amounts not included above | $798,560 |
| Noncash contributions included in lines 1a–1f | $51,407 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,241,450 |
| Total Program Service Revenue | $0 |
| Investment income | $12,103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $32,567 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,286,461 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $291,215 |
| 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. | $116,200 |
| Compensation of current officers, directors, key employees. | $18,301 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,316 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,328 |
| Payroll taxes | $14,916 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $217,008 |
| Fees for services: Accounting | $44,906 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,676 |
| Fees for services: Other | $108,350 |
| Advertising and promotion | $113,333 |
| Office expenses | $21,709 |
| Information technology | $13,522 |
| Royalties | $0 |
| Occupancy | $34,854 |
| Travel | $769 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,797 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,232 |
| Insurance | $31,566 |
| All other expenses | $0 |
| Total functional expenses | $1,371,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $815,381 |
| Pledges and grants receivable | $94,113 |
| 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 | $24,465 |
| Net Land, buildings, and equipment | $2,448 |
| Investments—publicly traded securities | $1,536,645 |
| Investments—other securities | $0 |
| Investments—program-related | $5,638,594 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,111,646 |
| Accounts payable and accrued expenses | $84,535 |
| Grants payable | $82,687 |
| 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 | $167,222 |
| Net assets without donor restrictions | $7,924,624 |
| Net assets with donor restrictions | $19,800 |
| 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 | $8,111,646 |
Grants Awarded
Over the last fiscal year, National Stem Cell Foundation Inc has awarded $287,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: ON FILE | $187,500 |
Durham, NC PURPOSE: ON FILE | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Stem Cell Foundation Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Charles H Dishman Iii Family Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Stem Cell Foundation Inc Louisville, KY | $8,111,646 | $1,286,461 |
International Psoriasis Council St Charles, MO | $3,483,069 | $1,622,529 |
Healthcare 21 Business Coalition Knoxville, TN | $1,495,482 | $550,608 |
Scleroderma Foundation Of Greater Chicago Chicago, IL | $3,677,722 | $389,268 |
North American Hair Research Society Chicago, IL | $532,701 | $140,705 |
Prostate Cancer Foundation Of Chicago Westmont, IL | $376,776 | $0 |
Pcos Awareness Association Fredericksburg, VA | $76,700 | $0 |
Ian Burkhart Foundation Columbus, OH | $101,256 | $0 |
Society For Brain Connectivity Inc Columbus, IN | $66,206 | $0 |