Nepm Foundation Inc

Organization Overview

Nepm Foundation Inc is located in Southampton, NY. According to its NTEE Classification (H30) the organization is classified as: Cancer 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. Nepm Foundation 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 12/2023, Nepm Foundation Inc generated $269.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $66.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT RESEARCH AND FUNDING FOR BRAIN CANCER TREATMENT AND CURES EITHER DIRECTLY OR INDIRECTLY THROUGH GRANTS AND CONTRIBUTIONS

Describe the Organization's Program Activity:

Part 3 - Line 4a

RESEARCH AND DISCUSSIONS HAVE BEEN UNDERWAY SINCE INCORPORATION IN SUPPORT OF THE MISSION. THE ORGANIZATION INTENDS TO (1) ADD AN INDEPENDENT MEDICAL ADVISORY GROUP OF EXPERTS IN BRAIN CANCER ACROSS MULTIPLE DISCIPLINES; (2) SUPPORT RESEARCH AND FUNDING FOR BRAIN CANCER TREATMENT AND CURES; AND (3) PROVIDE FINANCIAL SUPPORT TO FAMILIES OF THOSE WITH BRAIN CANCER. SIGNIFICANT PROGRESS HAS BEEN MADE IN THESE AREAS.DURING 2023 THE ORGANIZATION ENTERED INTO A PARTNER AGREEMENT WITH FAMILY REACH FOUNDATION AND MADE A GRANT OF $55,000.WITH RESPECT TO SUPPORTING RESEARCH AND FUNDING FOR BRAIN CANCER TREATMENT AND CURES, MANY OPPORTUNITIES HAVE BEEN ANALYZED. ANALYSIS CONTINUED THROUGHOUT 2023 AND THE TRUSTEES EXPECT TO PROVIDE A GRANT TO RESULTS-ORIENTED INVESTIGATORS WITH THE POTENTIAL TO CREATE TRANSFORMATIVE TREATMENTS. THE TRUSTEES ALSO CONTINUED TO MEET WITH POTENTIAL CANDIDATES IN CALENDAR YEAR 2023 TO SOURCE AN INDEPENDENT MEDICAL ADVISORY GROUP OF EXPERTS IN BRAIN CANCER.


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Board, Officers & Key Employees

Name (title)Compensation
Jeffrey S Phlegar
Trustee; President
$0
Sydney E Phlegar
Trustee; Vice President
$0
Maxxwell T Hamilton
Trustee; Secretary/treasurer
$0
Julia Bohan
Trustee
$0
Lucille Protas
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$148,558
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$144,805
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$293,363
Total Program Service Revenue$0
Investment income $14,827
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$39,229
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $268,961

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