Polg Foundation
- Assets
- $7.5m
- Revenue
- $983.5k
- Investments
- $943.0k
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2023
- EIN
- 87-1876876
Organization Overview
Polg Foundation is located in New York, NY. 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. Polg Foundation 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 12/2023, Polg Foundation generated $983.5k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT RESEARCH TO FIND TREATMENTS AND A CURE FOR POLG-RELATED MITOCHONDRIAL DISORDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POLG FOUNDATION'S SUPPORTS AND ACCELERATES RESEARCH TO FIND EFFECTIVE TREATMENTS AND A CURE FOR POLG-RELATED MITOCHONDRIAL DISORDERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert DE Luxembourg Chair | OfficerTrustee | 1 | $0 |
Julie DE Luxembourg Vice Chair | OfficerTrustee | 7 | $0 |
Cindy Gavin Director And Secretary | OfficerTrustee | 1 | $0 |
Eileen Kane Corporate Secretary | OfficerTrustee | 1 | $0 |
Marcus Siezing Treasurer | OfficerTrustee | 3 | $0 |
Remy Best Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Montreux Media Ventures Sa Media | 12/30/23 | $103,426 |
Brian Tseng Outsourced Research | 12/30/23 | $206,975 |
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 | $663,616 |
| Noncash contributions included in lines 1a–1f | $104,772 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $663,616 |
| Total Program Service Revenue | $0 |
| Investment income | $234,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $78,051 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $983,511 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $410,893 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $983,997 |
| 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 | $12,372 |
| Fees for services: Accounting | $77,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $357,270 |
| Advertising and promotion | $119,477 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $30,272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,028 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $837 |
| All other expenses | $0 |
| Total functional expenses | $2,087,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,589,858 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $223,020 |
| 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 | $4,764,360 |
| Investments—other securities | $942,997 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,000 |
| Total assets | $7,528,235 |
| Accounts payable and accrued expenses | $18,036 |
| Grants payable | $569,926 |
| 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 | $587,962 |
| Net assets without donor restrictions | $6,740,273 |
| Net assets with donor restrictions | $200,000 |
| 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 | $7,528,235 |
Grants Awarded
Over the last fiscal year, Polg Foundation has awarded $408,750 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE JACKSON LABORATORY PURPOSE: RESEARCH | $46,250 |
UNITED MITOCHONDRIAL DISEASE FOUNDATION PURPOSE: RESEARCH | $50,000 |
THE BROAD INSTITUTE PURPOSE: RESEARCH | $312,500 |