Maddies Promise Inc
- Assets
- $249.8k
- Revenue
- $192.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Hingham, MA
- Founding
- 10/2019
- Data as of
- 06/2022
- EIN
- 84-3159035
Organization Overview
Maddies Promise Inc is located in Hingham, MA. The organization was established in 2019. According to its NTEE Classification (H98) the organization is classified as: Pediatrics 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. Maddies Promise 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 06/2022, Maddies Promise Inc generated $192.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $82.6k during the year ending 06/2022. While expenses have increased by 4.7% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FUNDING FOR RESEARCH IN RHABODOMMYOSCOMA AND OTHER RARE PEDIATRIC CANCERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLD SPRINGS HARBOR LABS
COG GEONOMIC STATISTICIAN
CHILDRENS CANCER THERAPY AND INTERFAITH SOCIAL SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Johnson Clerk | Trustee | 5 | $0 |
Stephen Mccoy Jr Vice President | OfficerTrustee | 5 | $0 |
Ann Mccoy President | OfficerTrustee | 20 | $0 |
Romina Magner Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $123,327 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,362 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,689 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $192,689 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $80,000 |
| 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. | $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 | $0 |
| Fees for services: Accounting | $0 |
| 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 | $1,968 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $82,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,767 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $249,767 |
| 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 | $249,767 |
| 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 | $249,767 |
Grants Awarded
Over the last fiscal year, Maddies Promise Inc has awarded $80,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDRENS CANCER DEVELOPMENT PURPOSE: CANCER RESEARCH | $5,000 |
COLD SPRING HARBOR LABORATOTY PURPOSE: CANCER RESEARCH | $50,000 |
COG GENOMIC STATISTIAN PURPOSE: CANCER RESEARCH | $22,500 |
INTERFAITH SOCIAL SERVICES PURPOSE: PEDIATRIC CANCER COUNSELING AND CARE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Medical Research Foundation Inc New York, NY | $307,825 | $252,361 |
Maddies Promise Inc Hingham, MA | $249,767 | $192,689 |
Institute For Pediatric Innovation Warwick, RI | $28,583 | $0 |
Beatrice Beebe Phd Infant Research Fund Inc New York, NY | $21,735 | $0 |
Gold Ribbon Project Inc Queens Village, NY | $0 | $150 |
Child Health Research Institute Concord, NH | $20,349 | $0 |