Race To Erase Ms
- Assets
- $3.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 6
- Location
- Los Angeles, CA
- Founding
- 03/1994
- Data as of
- 12/2021
- EIN
- 84-1238541
Organization Overview
Race To Erase Ms is located in Los Angeles, CA. The organization was established in 1994. According to its NTEE Classification (H50) the organization is classified as: Nerve, Muscle & Bone Diseases Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, Race To Erase MS employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Race To Erase MS 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, Race To Erase MS generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Race To Erase MS has awarded 42 individual grants totaling $5,052,500. 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
TO PROVIDE FUNDING FOR RESEARCH AND TO PROMOTE AWARENESS FOR THE TREATMENT AND ULTIMATE CURE OF MULTIPLE SCLEROSIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING RESEARCH IS THE CORE FOCUS OF THE FOUNDATION AND ALL FUNDS RAISED SUPPORT OUR CENTER WITHOUT WALLS PROGRAM, A SELECTED NETWORK OF THE NATIONS TOP MS RESEARCH CENTERS. THIS NATIONWIDE COLLABORATION OF PHYSICIANS AND SCIENTISTS ARE ON THE CUTTING-EDGE OF INNOVATIVE RESEARCH PROGRAMS, WORKING AS A TEAM ON THERAPEUTIC APPROACHES TO ERADICATE MS. IN ADDITION TO COMBATING MS THROUGH RESEARCH IN A CLINICAL ENVIRONMENT, WE HOPE TO INCREASE AWARENESS BY EDUCATING THE PUBLIC ABOUT THIS MYSTIFYING DISEASE THE RACE TO ERASE MS CENTER WITHOUT WALLS ("CWW") PROGRAM HAS PROVIDED SUPPORT THAT HAS HAS PERMITTED THE MEDICAL COMMUNITY TO LINK TOGETHER MULTIDISCIPLINARY SCIENTIFIC PROGRAMS AND EXPERTISE ACROSS THE COUNTRY TO ADVANCE THE UNDERSTANDING OF THE CAUSE OF MS AND TO DEVELOP NEW TREATMENTS. THE CENTER IS A BREAK-THROUGH SUCCESS BECAUSE OF THE VISION, INSIGHT AND FLEXIBILITY OF THESE EXTRAORDINARY DOCTORS. THE CENTER CONSTANTLY STRIVES TO STRENGTHEN THIS REVOLUTIONARY CONCEPT WITH NEW APPROACHES TO FINDING THE BRIGHTEST MINDS IN THIS FIELD. THE CENTER'S SCIENTIFIC ADVISORY BOARD, SPEARHEADED BY DR. ANDREW GOODMAN, REVIEWS PROPOSALS AND GRANTS, SUBMITTED IN STANDARD NIH FORMAT. IN ADDITION TO THE REGULAR USE OF HIGH-TECHNOLOGY COMMUNICATION TOOLS, RESEARCHERS OF CWW COME TOGETHER TO SHARE SCIENTIFIC ACCOMPLISHMENTS THROUGH MONTHLY VIRTUAL MEETINGS, STANDARD SCIENTIFIC ADVISORY MEETINGS AND COLLABORATIVE SYMPOSIUMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Davis President/ch | OfficerTrustee | 40 | $192,000 |
Elizabeth Seares COO | Officer | 40 | $141,998 |
Jimmy Lustig Director | Trustee | 1 | $0 |
Teri Garr Director | Trustee | 1 | $0 |
Dana Davis Director | Trustee | 1 | $0 |
Siedah Garrett Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,031,622 |
| Related organizations | $0 |
| Government grants | $186,065 |
| All other contributions, gifts, grants, and similar amounts not included above | $404,111 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,621,798 |
| Total Program Service Revenue | $0 |
| Investment income | $96,093 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$256,536 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,461,355 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $420,000 |
| 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. | $333,999 |
| Compensation of current officers, directors, key employees. | $66,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,062 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $102,343 |
| Payroll taxes | $28,514 |
| Fees for services: Management | $119,452 |
| Fees for services: Legal | $22,108 |
| Fees for services: Accounting | $33,590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,468 |
| Information technology | $17,157 |
| Royalties | $0 |
| Occupancy | $58,543 |
| Travel | $2,533 |
| 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 | $672 |
| Insurance | $17,988 |
| All other expenses | $35,147 |
| Total functional expenses | $1,434,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,089,395 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,965 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,759 |
| Prepaid expenses and deferred charges | $13,253 |
| Net Land, buildings, and equipment | $222 |
| Investments—publicly traded securities | $2,088,113 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,284,707 |
| Accounts payable and accrued expenses | $90,057 |
| Grants payable | $320,000 |
| Deferred revenue | $87,000 |
| 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 | $497,057 |
| Net assets without donor restrictions | $2,787,650 |
| 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 | $3,284,707 |
Grants Awarded
Over the last fiscal year, Race To Erase Ms has awarded $420,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
YALE UNIVERSITY NEUROSCIENCE DEPART PURPOSE: MS RESEARCH | $120,000 |
BRIGHAM & WOMEN'S HOSPITAL HARVARD PURPOSE: MS RESEARCH | $120,000 |
Baltimore, MD PURPOSE: MS RESEARCH | $60,000 |
Los Angeles, CA PURPOSE: MS RESEARCH | $60,000 |
San Francisco, CA PURPOSE: MS RESEARCH | $60,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Race To Erase Ms has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Amicus Amico Foundation Wilmington, DE PURPOSE: FUNDING RESEARCH AND THERAPEUTIC APPROACHES TO ERADICATE MULTIPLE SCLEROSIS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cure Duchenne Mission Viejo, CA | $33,154,912 | $5,442,219 |
Setting Scoliosis Straight Foundation El Cajon, CA | $6,149,373 | $2,209,853 |
Orthopaedic Education And Research Orange, CA | $340,397 | $1,887,033 |
Race To Erase Ms Los Angeles, CA | $3,284,707 | $1,461,355 |
Kerlan-Jobe Orthopaedic Foundation Encino, CA | $3,007,500 | $691,700 |
Cure Cmd Lakewood, CA | $883,165 | $587,488 |
International Neuromodulation Society San Francisco, CA | $2,410,063 | $628,946 |
Northern California Institute For Bone Health Inc Orinda, CA | $368,891 | $545,320 |
Als Cure Project Inc Pleasanton, CA | $178,157 | $158,344 |
Mann Medical Research Organization Sylmar, CA | $51,776,775 | $3,358,890 |
Kennedys Disease Association Coarsegold, CA | $581,584 | $293,954 |
Center For Neurosciences Foundation Tucson, AZ | $25,437 | $0 |