Foregen
- Assets
- $558.9k
- Revenue
- $586.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/2012
- Data as of
- 12/2021
- EIN
- 98-1006983
Organization Overview
Foregen is located in Chicago, IL. The organization was established in 2012. According to its NTEE Classification (G40) the organization is classified as: Diseases of Specific Organs, 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. Foregen 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, Foregen generated $586.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.2% each year . All expenses for the organization totaled $239.5k during the year ending 12/2021. While expenses have increased by 25.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOREGEN WAS CREATED IN 2010 THANKS TO DONOR FUNDS. FOREGEN OPERATES IN THE UNITED STATES AND EUROPE. FOREGEN IS ALSO TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS HEADED BY A BOARD OF CHARITABLE DIRECTORS WITH PARTICIPANTS AND DONORS ACROSS BOTH CONTINENTS AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEGOTIATING WITH RESEARCH INSTITUTES IN THE FIELD OF REGENERATIVE MEDICINE TO PROMOTE DERMAL REGENERATION FOR THE GENITALLY INJURED. FUND-RAISING FOR THE CLINICAL TRIALS NEEDED TO MAKE REGENERATIVE SOLUTIONS A REALITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincenzo Aiello President & CEO | OfficerTrustee | 20 | $29,020 |
Tyler Drozd Chief Operations Officer | OfficerTrustee | 20 | $11,509 |
Eric Cunningham Chief Science Officer | OfficerTrustee | 20 | $1,000 |
Carlo Alberto Cirioni Vice President | OfficerTrustee | 2 | $0 |
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 | $586,345 |
| Noncash contributions included in lines 1a–1f | $346,753 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $586,345 |
| 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 | $586,345 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $6,786 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,096 |
| Advertising and promotion | $9,250 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,968 |
| 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 | $26,320 |
| Total functional expenses | $239,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $558,851 |
| 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 | $558,851 |
| 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 | $45 |
| Total liabilities | $45 |
| Net assets without donor restrictions | $0 |
| 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 | $558,851 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foregen has recieved totaling $13,682.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $13,682 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foregen Chicago, IL | $558,851 | $586,345 |
Ovarian Cancer Community Outreach Inc Luxemburg, WI | $0 | $0 |
Skinker Debaliviere Community Council Saint Louis, MO | $99,700 | $0 |
Fertilitycare Center Of Kansas City Inc Blue Springs, MO | $79,377 | $0 |
University Dermatology Inc Indianapolis, IN | $1,210,723 | $662 |
Blue Butts Colon Cancer Fund West Peoria, IL | $19,048 | $0 |
Parotid Patient Project Chicago, IL | $33,709 | $0 |
Institute For The Study And Treatment Of Endometriosis Oak Brook, IL | $962,421 | $16,931 |
Prostatitis Foundation Roseville, IL | $0 | $0 |