Erasca Foundation
- Assets
- $12.9m
- Revenue
- -$1.0m
- Investments
- $12.9m
- Employees
- 0
- Location
- San Diego, CA
- Founding
- Data as of
- 04/2024
- EIN
- 87-1300086
Organization Overview
Erasca Foundation is located in San Diego, CA. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Erasca Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2023, Erasca Foundation has awarded 16 individual grants totaling $643,700. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Lim President & Director | 1 | $0 | |
Nicholas Chetwyn Vice President | 1 | $0 | |
Ebun Garner Secretary | 1 | $0 | |
David Chacko Treasurer | 1 | $0 | |
James Bristol Director | 0.25 | $0 | |
Alexander Casdin Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $166,000 |
| Interest on Savings | $208 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,190,416 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$1,024,208 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,108 |
| Total operating and administrative expenses | $73,826 |
| Contributions, gifts, grants paid | $210,000 |
| Total expenses and disbursements | $283,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,368 |
| 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 | $12,899,263 |
| 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 |
Grants Awarded
Over the last fiscal year, Erasca Foundation has awarded $210,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CUREBOUND DBA PADRES PEDAL THE CAUSE PURPOSE: "GENERAL OPERATING SUPPORT". THIS ORGANIZATION RAISES AND INVESTS STRATEGIC FUNDING IN TRANSLATIONAL CANCER RESEARCH PROJECTS AIMED AT ACCELERATING NEW DISCOVERIES TO CLINICAL APPLICATION. PADRES PEDAL THE CAUSE IS CUREBOUND'S LARGEST SIGNATURE EVENT, BRINGING TOGETHER THOUSANDS OF PARTICIPANTS EACH YEAR TO RAISE MONEY FOR COLLABORATIVE CANCER RESEARCH. HOSTED IN PARTNERSHIP WITH THE PADRES, "PEDAL" IS SAN DIEGO'S MOST IMPACTFUL FUNDRAISING EXPERIENCE TO FUND 80+ INNOVATIVE RESEARCH GRANTS IN ALL TYPES OF CANCER. CUREBOUND RAISES AND INVESTS STRATEGIC FUNDING INTO LIFESAVING CANCER RESEARCH AMONG SOUTHERN CALIFORNIA'S BEST RESEARCH INSTITUTIONS. THIS WILL BE THE SECOND YEAR SPONSORING PADRES PEDAL THE CAUSE HELD APRIL 7, 2024. 2024. | $25,000 |
LIFE SCIENCE CARES INC PURPOSE: "GENERAL OPERATING SUPPORT". THIS ORGANIZATION ACTIVATES THE FINANCIAL AND HUMAN CAPITAL OF THE LIFE SCIENCES INDUSTRY AND PARTNERS WITH NONPROFITS TO DISRUPT THE CYCLE OF POVERTY AND INEQUALITY IN OUR COMMUNITIES. THE ORGANIZATION ENVISIONS ALL OF THEIR NEIGHBORS HAVING ACCESS TO BASIC NEEDS, ACCESS TO EDUCATION, AND ACCESS TO OPPORTUNITIES. THE GRANTS ARE USED FOR THE GENERAL SUPPORT OF BAY AREA PROGRAMS. | $25,000 |
THE BRAIN TUMOR NETWORK INC PURPOSE: "GENERAL OPERATING SUPPORT". THIS ORGANIZATION PROVIDES FREE, INDIVIDUALIZED NAVIGATION TO HELP PATIENTS AND LOVED ONES MANAGE A PRIMARY BRAIN TUMOR DIAGNOSIS, OVERCOME TREATMENT OBSTACLES, AND FACILITATE ACCESS TO QUALITY HEALTHCARE. | $10,000 |
AMERICAN INDIAN CANCER FOUNDATION PURPOSE: "GENERAL OPERATING SUPPORT". THIS ORGANIZATION IS A NATIVE-GOVERNED FOUNDATION THAT ADDRESSES THE TREMENDOUS CANCER INEQUITIES FACED BY NATIVE COMMUNITIES. IT AIMS TO ELIMINATE CANCER BURDENS OF INDIGENOUS PEOPLE THROUGH IMPROVED ACCESS TO PREVENTION, EARLY DETECTION, TREATMENT, AND SURVIVOR SUPPORT. | $25,000 |
CANCER ANGELS OF SAN DIEGO PURPOSE: "GENERAL OPERATING SUPPORT". THIS ORGANIZATION IS THE ONLY NON-PROFIT THAT HELPS ALL TYPES OF STAGE IV CANCER PATIENTS ON A CONTINUOUS BASIS, PROVIDING CONSISTENT HELP FOR AS LONG AS PATIENTS ARE ILL OR UNABLE TO WORK AND ARE FACING SEVERE FINANCIAL DISTRESS. | $25,000 |
SALK INSTITUTE FOR BIOLOGICAL STUDIES PURPOSE: "GENERAL OPERATING SUPPORT". THIS ORGANIZATION'S PHILOSOPHY IS TO DRIVE BOTH SCIENTIFIC BREAKTHROUGHS AND INSPIRE THE NEXT GENERATION OF ELITE SCIENTISTS. OUT OF THAT, THE EDUCATION OUTREACH DEPARTMENT WAS LAUNCHED WITH ITS MISSION TO TEACH STUDENTS/TEACHERS/THE COMMUNITY, INSPIRE ENTHUSIASM AND INTEREST IN SCIENCE, AND PROMOTE PUBLIC AWARENESS OF SALK AND THE VALUES OF BASIC RESEARCH AS IT RELATES TO THE DEVELOPMENT OF AN INFORMED CITIZENRY. | $30,000 |