2023-11-15T12:48:30-06:00 2022-12-31 271235638 MCM CPAS & ADVISORS LLP 101 S FIFTH STREET SUITE 2100 LOUISVILLE KY 40202 990 2022-01-01 830392250 NATIONAL STEM CELL FOUNDATION INC NATI 5023798544 462 SOUTH 4TH STREET 1230 LOUISVILLE KY 40202 DR PAULA GRISANTI CEO 5023798544 2023-11-15 1 DR PAULA GRISANTI 999009999 0 CHRISTINE KEITH CPA P00963290 5027491900 2023-11-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR PAULA GRISANTI 462 SOUTH 4TH STREET 1230 LOUISVILLE KY 40202 2884194 0 X WWW.NATIONALSTEMCELLFOUNDATION.ORG X 2003 DC NSCF FUNDS ADULT STEM CELL AND REGENERATIVE MEDICINE RESEARCH, CONNECTS CHILDREN WITH LIMITED RESOURCES TO CLINICAL TRIALS FOR RARE DISEASES, AND UNDERWRITES THE NATIONAL STEM SCHOLAR PROGRAM FOR MIDDLE SCHOOL SCIENCE TEACHERS INSPIRING THE NEXT GENERATION OF STEM PIONEERS NATIONWIDE. 5 3 4 4 0 0 1241450 1380991 0 411000 44670 73610 341 0 1286461 1865601 291215 940350 0 0 225760 258569 0 0 89788 854441 1181893 1371416 2380812 -84955 -515211 8111646 7677199 167222 429384 7944424 7247815 X SEE SCHEDULE O 0 0 2146652 940350 411000 SEE SCHEDULE O 2146652 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 17 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X DR PAULA GRISANTI 5023798544 462 SOUTH 4TH STREET SUITE 1230 LOUISVILLE KY 40202 PAULA GRISANTI CEO 40.00 X X 100000 0 0 MICHAEL GRISANTI DIRECTOR 2.00 X 0 0 0 JOHN M CRANOR III DIRECTOR 0.10 X 0 0 0 C DENNIS RIGGS SECRETARY/TREASURER 0.50 X X 0 0 0 BRUCE S WOLFF CHAIRMAN 5.00 X X 0 0 0 DIANE CORNWELL CHIEF FINANCIAL OFFICER 1.50 X 24000 0 0 124000 0 0 1 0 0 0 STITES & HARBISON PLLC 400 W MARKET ST STE 1800 LOUISVILLE KY 40202 LEGAL SERVICES 255225 1 1081763 299228 53985 1380991 PROGRAM RELATED ASSETS 900099 411000 411000 411000 34383 34383 1057820 1018593 39227 39227 39227 1865601 411000 0 73610 940350 940350 124000 97999 21001 5000 106511 60690 25573 20248 14715 10886 889 2940 13343 9871 806 2666 263400 257298 6102 37926 3995 33931 7793 7793 74298 59100 15198 111323 56985 22367 31971 22291 16979 3743 1569 15034 15034 37437 21176 9227 7034 8533 8533 20612 20612 1379 786 331 262 32594 24618 5076 2900 SPACE RESEARCH 502656 502656 PROGRAM RELATED EXPENSE 36495 36495 PROFESSIONAL MEMBERSHIP 9830 9830 RECRUITING 292 292 2380812 2146652 144372 89788 815381 581458 94113 15000 24465 15430 92081 89689 2448 2392 1536645 1396396 5638594 5666523 8111646 7677199 84535 101892 82687 327492 167222 429384 X 7924624 7242815 19800 5000 7944424 7247815 8111646 7677199 -515211 -181398 0 X X 0 1 X 1 0 X 788350 2326956 942507 1241450 1380991 6680254 650000 130000 280000 1060000 788350 2976956 942507 1371450 1660991 7740254 1871745 5868509 53351 48906 13779 12103 34383 162522 341 341 7903117 0.74260 0.61130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5476 5476 0 86605 84213 2392 2392 CRITICAL REAGENTS 5666523 C 5666523 X 2172783 -181398 488580 307182 1865601 0 1865601 2869392 488580 488580 2380812 0 2380812 PART X, LINE 2: THE FOUNDATION HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE INDICATING THAT IT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. THE FOUNDATION RECOGNIZES UNCERTAIN INCOME TAX POSITIONS USING THE "MORE-LIKELY-THAN-NOT" APPROACH AS DEFINED IN THE ASC. NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. 1 DUKE UNIVERSITY HEALTH SYSTEM PO BOX 90581 DURHAM NC 27708 562070036 501(C)(3) 50000 0 ON FILE NY STEM CELL FOUNDATION 619 W 54TH STREET NEW YORK NY 10019 202905531 501(C)(3) 840350 0 ON FILE WESTERN KENTUCKY UNIVERSITY FOUNDATION 292 ALUMNI AVENUE BOWLING GREEN KY 42101 611251555 501(C)(3) 50000 0 ON FILE PART I, LINE 2: THE ORGANIZATION MEETS REGULARLY WITH REPRESENTATIVES FROM THE GRANT RECIPIENT(S) AND RECEIVES UPDATES AND REPORTS REGARDING EXPENDITURE OF THE FUNDS. X 3 53985 FMV(AVERAGE OF HIGH/LOW) 0 0 0 0 FORM 990, PAGE 2, PART III, LINE 1 NSCF FUNDS ADULT STEM CELL AND REGENERATIVE MEDICINE RESEARCH, CONNECTS CHILDREN WITH LIMITED RESOURCES TO CLINICAL TRIALS FOR RARE DISEASES, AND UNDERWRITES A PROFESSIONAL DEVELOPMENT PROGRAM FOR MIDDLE SCHOOL SCIENCE TEACHERS INSPIRING THE NEXT GENERATION OF STEM PIONEERS NATIONWIDE. FORM 990, PAGE 2, PART III, LINE 4A ACCOMPLISHMENTS INCLUDE DEVELOPMENT OF A COLLABORATIVE PROJECT BETWEEN FUNDED RESEARCHERS ON BOTH COASTS FOR A FIRST-IN-KIND STUDY OF NEURODEGENERATION ON THE INTERNATIONAL SPACE STATION (ISS) AND THE DESIGN AND DEVELOPMENT OF A DIGITAL LIBRARY OF STEM PROJECT-BASED SCIENCE LESSONS MADE AVAILABLE FREE OF CHARGE FOR TEACHERS, STUDENTS AND PARENTS WORLDWIDE. THROUGH A FUND ESTABLISHED AT THE PEDIATRIC TRANSPLANT AND CELLULAR THERAPY (PTCT) PROGRAM AT DUKE UNIVERSITY, NSCF HELPS COVER INSURANCE DEDUCTIBLES AND CO-PAYS FOR CHILDREN MEDICALLY ELIGIBLE TO PARTICIPATE IN POTENTIALLY LIFE-SAVING CLINICAL TRIALS FOR RARE DISEASES WHEN THOSE OUT-OF-POCKET COSTS ARE BEYOND A FAMILY'S MEANS. CHILDREN FROM ALL OVER THE UNITED STATES AND AROUND THE WORLD TRAVEL TO PTCT FOR ACCESS TO CLINICAL TRIALS FOR RARE, DISABLING AND FATAL DISEASES. THESE ARE CHILDREN WITH NO OTHER TREATMENT OPTIONS AND LIMITED FINANCIAL RESOURCES. NSCF FOUNDED AND UNDERWRITES THE NATIONAL STEM SCHOLAR PROGRAM FOR MIDDLE SCHOOL SCIENCE TEACHERS INSPIRING THE NEXT GENERATION OF STEM PIONEERS NATIONWIDE. NSCF PARTNERS WITH THE GATTON ACADEMY OF MATHEMATICS AND SCIENCE AT WESTERN KENTUCKY UNIVERSITY TO PROVIDE ADVANCED STEM TRAINING, NATIONAL NETWORK BUILIDNG, "BIG IDEA" PROJECT SUPPORT AND YEARLONG MENTORING FOR SCIENCE TEACHERS MOTIVATING STUDENTS AT THE TIPPING POINT OF LIFELONG SCIENCE INTEREST - MIDDLE SCHOOL. THERE ARE CURRENTLY 80 NATIONAL STEM SCHOLARS IN 33 STATES WHO WILL HAVE IMPACTED AN ESTIMATED 104,000 MIDDLE SCHOOL STUDENTS IN THE UNITED STATES BY JUNE 2024. FORM 990, PART VI, SECTION A, LINE 2 PAULA GRISANTI, DIRECTOR AND CEO, AND MICHAEL GRISANTI, DIRECTOR, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS CONTRACTED ITS FINANCIAL MANAGEMENT OVERSIGHT TO AN OUTSIDE CHIEF FINANCIAL OFFICER AND ITS DAY-TO-DAY FINANCIAL DUTIES TO A CONTROLLER SUBJECT TO OVERALL SUPERVISION AND CONTROL OF NSCF'S FIDUCIARY BOARD. UNDER AN AGREED UPON ASSET ALLOCATION, THE MANAGEMENT OF THE INVESTMENT PORTFOLIO HAS BEEN DELEGATED TO AN OUTSIDE FIRM. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED IN DETAIL BY THE CONTRACT CFO, CONTRACT CONTROLLER, BOARD CHAIR AND CEO. A COPY WAS PROVIDED TO ALL OTHER BOARD MEMBERS SIMULTANEOUS WITH IRS FILING. FORM 990, PART VI, SECTION B, LINE 12C UNDER THE POLICY, INTERESTED PERSONS ARE REQUIRED TO UPDATE THE CHAIRMAN OF THE BOARD OF DIRECTORS REGARDING INTERESTS AND RELATIONSHIPS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST. FOR EACH INTEREST DISCLOSED TO THE CHAIRMAN OF THE BOARD OF DIRECTORS, THE CHAIRMAN WOULD DETERMINE WHETHER TO: (A) TAKE NO ACTION; (B) ASSURE FULL DISCLOSURE TO THE BOARD OF DIRECTORS AND OTHER INDIVIDUALS COVERED BY THE POLICY; (C) ASK THE PERSON TO RECUSE THEMSELVES FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS WITHIN THE ORGANIZATION; OR (D) ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION IN THE ORGANIZATION OR, IF THE PERSON REFUSES TO RESIGN, BECOME SUBJECT TO POSSIBLE REMOVAL IN ACCORDANCE WITH THE ORGANIZATION'S REMOVAL PROCEDURES. THE ORGANIZATION'S EMPLOYED CHIEF EXECUTIVE AND CHIEF FINANCE EXECUTIVE WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE CHAIRMAN OF THE BOARD OF DIRECTORS IN ORDER TO DEAL WITH POTENTIAL OR ACTUAL CONFLICTS, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTION HAS OCCURRED. TO DATE NO POTENTIAL CONFLICTS HAVE BEEN IDENTIFIED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD ENGAGED AN OUTSIDE CONSULTING FIRM IN 2015 TO DETERMINE AN APPROPRIATE SALARY RANGE FOR THE CHAIR/CEO POSITION. A BOARD APPROVED SALARY WAS ESTABLISHED BASED ON THEIR GUIDANCE AND NO SALARY ADJUSTMENT WAS MADE UNTIL MARCH 2020 WHEN THE SALARY WAS REDUCED DUE TO UNCERTAINTIES RELATED TO COVID RIPPLE EFFECTS AND ENSUING MATTERS. CONTRACTED CFO AND CONTRACTED CONTROLLER ARE PAID ON AN HOURLY BASIS CONSISTENT WITH LOCAL MARKET RATES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE ORGANIZATION'S BOARD OF DIRECTORS CONTINUE TO SELECT THE INDEPENDENT ACCOUNTANT. THE BOARD CONTINUES TO MEET WITH THE INDEPENDENT AUDITOR AT THE CONCLUSION OF THE ANNUAL AUDIT.