Project 8p Foundation
- Assets
- $1.2m
- Revenue
- $611.6k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-2545342
Organization Overview
Project 8p Foundation is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (G20) the organization is classified as: Birth Defects & Genetic Diseases, 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. Project 8p Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ACCELERATE THE DISCOVERY OF TREATMENTS FOR CHROMOSOME 8P DISORDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ASSEMBLED A MISSION-DRIVEN TEAM OF RESEARCHERS AND CLINICIANS FOCUSED ON DIFFERENT SEGMENTS OF THE TWO-YEAR RESEARCH PLAN AND TWO RESEARCH PROJECTS GOT UNDERWAY LAST YEAR ARE PRODUCING THOUGHT-PROVOKING PRELIMINARY RESULTS. THE CONTINUATION OF OUR NEUROGENETICS MULTIDISPLINARY CLINIC SAW THE MOST 8P HEROES OF ANY SINGLE HOSPITAL. OUR OPEN SCIENCE TEAM SCIENCE APPROACH WITH FAMILY FRIENDLY RESEARCH ROUNDTABLES SUPPORT OUR PATIENT-LED MODEL. WE HAVE A RESEARCH DIRECTOR AND GROWING OUR TEAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Peterson Director | Trustee | 1 | $0 |
Wissam Nesr Director | Trustee | 1 | $0 |
Jahn Marie Surette Director | Trustee | 1 | $0 |
Bina Shah Founderchief Executive Offic | OfficerTrustee | 5 | $0 |
Shannon Clarke Director Secretary | OfficerTrustee | 1 | $0 |
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 | $599,258 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $599,258 |
| Total Program Service Revenue | $0 |
| Investment income | $12,383 |
| 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 | $611,641 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $153,818 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,911 |
| Fees for services: Accounting | $3,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $33,875 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,455 |
| Advertising and promotion | $8,381 |
| Office expenses | $376 |
| Information technology | $18,419 |
| Royalties | $0 |
| Occupancy | $2,275 |
| Travel | $5,788 |
| 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 | $15 |
| All other expenses | $5,645 |
| Total functional expenses | $301,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $415,255 |
| Savings and temporary cash investments | $732,236 |
| Pledges and grants receivable | $15,064 |
| 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 | $1,162,555 |
| 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 | $1,162,555 |
| 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 | $1,162,555 |
Grants Awarded
Over the last fiscal year, Project 8p Foundation has awarded $153,818 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDRENS HOSPITAL COLORADO FOUNDA PURPOSE: Coordinated Care for 8p | $52,500 |
RARE-X PURPOSE: Data Collection & Biorepository | $100,000 |
OTHER LESS THAN 5000 PURPOSE: Drug Repurposing Omics with Disease Mode | $1,318 |