2022-11-14T07:38:19-06:00 2021-12-31 271235638 MCM CPAS & ADVISORS LLP 462 SOUTH 4TH STREET SUITE 2600 LOUISVILLE KY 40202 990 2021-01-01 830392250 NATIONAL STEM CELL FOUNDATION INC NATI 5023798544 462 SOUTH 4TH STREET 1230 LOUISVILLE KY 40202 DR PAULA GRISANTI CEO 5023798544 2022-11-11 1 DR PAULA GRISANTI 999009999 CHRISTINE KEITH CPA P00963290 5027491900 2022-11-11 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z DR PAULA GRISANTI 462 SOUTH 4TH STREET 1230 LOUISVILLE KY 40202 1500461 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 942507 1241450 0 0 30426 44670 0 341 972933 1286461 332273 291215 0 0 296573 225760 0 0 164391 491593 854441 1120439 1371416 -147506 -84955 8258969 8111646 335910 167222 7923059 7944424 X SEE SCHEDULE O 0 0 1080418 291215 341 ACCOMPLISHMENTS INCLUDE DEVELOPMENT OF A COLLABORATIVE PROJECT BETWEEN FUNDED RESEARCHERS ON BOTH COASTS FOR A FIRST-IN-MAN STUDY OF NEURODEGENERATION ON THE INTERNATIONAL SPACE STATION (ISS) AND THE DESIGN AND DEVELOPMENT OF A DIGITAL LIBRARY OF STEM PROJECT-BASED SCIENCE LESSONS THAT WILL BE MADE AVAILABLE FREE OF CHARGE FOR TEACHERS, STUDENTS AND PARENTS WORLDWIDE.SEE SCHEDULE OTHROUGH 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 70 NATIONAL STEM SCHOLARS IN 31 STATES WHO WILL HAVE IMPACTED AN ESTIMATED 85,000 MIDDLE SCHOOL STUDENTS IN THE UNITED STATES BY 2023. 1080418 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 14 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 16200 0 0 116200 0 0 1 0 0 0 STITES & HARBISON PLLC 400 W MARKET ST STE 1800 LOUISVILLE KY 40202 LEGAL SERVICES 211003 1 442890 798560 51407 1241450 12103 12103 246567 214000 32567 32567 32567 MISC. INCOME 900099 341 341 341 1286461 341 0 44670 291215 291215 116200 90399 18301 7500 85316 64277 14052 6987 9328 7028 1536 764 14916 11237 2457 1222 217008 211003 6005 44906 4231 40675 10676 10676 108350 31842 76508 113333 34239 13555 65539 21709 16536 3645 1528 13522 4701 8821 34854 26524 5845 2485 769 769 1797 1797 7232 5508 1215 509 31566 27323 2978 1265 SPACE RESEARCH 187500 187500 PROGRAM RELATED INVESTM 48487 48487 RECRUITING 8312 1125 7187 PROFESSIONAL MEMBERSHIP 4420 4001 335 84 1371416 1080418 126607 164391 576711 815381 119861 94113 11788 24465 90757 88309 7581 2448 1921363 1536645 5621665 5638594 8258969 8111646 39349 84535 296561 82687 335910 167222 X 7758958 7924624 164101 19800 7923059 7944424 8258969 8111646 -84955 106320 0 X X 0 1 X 1 0 X 1132282 788350 2326956 942507 1241450 6431545 650000 130000 780000 1132282 788350 2976956 942507 1371450 7211545 2694306 4517239 49771 53351 48906 13779 12103 177910 341 341 7389796 5292216 0.61130 0.58210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5476 5476 0 85281 82833 2448 2448 CRITICAL REAGENTS 5638594 C 5638594 X 1701756 106320 308975 415295 1286461 0 1286461 1680391 308975 308975 1371416 0 1371416 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) 100000 0 ON FILE NY STEM CELL FOUNDATION 619 W 54TH STREET NEW YORK NY 10019 202905531 501(C)(3) 187500 0 ON FILE 2 0 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 2 51407 FMV(AVERAGE OF HIGH/LOW) 0 0 0 0 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, 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 EACH BOARD MEMBER BEFORE THE FORM 990 WAS FILED FORM 990, PART VI, SECTION B, LINE 12C INTERESTED PERSONS WILL ANNUALLY DISCLOSE OR UPDATE TO THE CHAIRMAN OF THE BOARD OF DIRECTORS THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST, SUCH AS A LIST OF FAMILY MEMBERS, SUBSTANTIAL BUSINESS OR INVESTMENT HOLDINGS AND OTHER TRANSACTIONS OR AFFILIATION WITH BUSINESSES AND OTHER ORGANIZATIONS OR THOSE OF FAMILY MEMBERS THAT MIGHT TRANSACT BUSINESS WITH NSCF, OR WHOSE TRANSACTIONS OR AFFAIRS COULD REASONABLY BE ANTICIPATED DIRECTLY OR INDIRECTLY TO HAVE AN EFFECTUATE ON NSCF. FOR EACH INTEREST DISCLOSED TO THE CHAIRMAN OF THE BOARD OF DIRECTORS, THE CHAIRMAN WILL 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 FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISION 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 IN 2015 THE BOARD ENGAGED AN OUTSIDE CONSULTING FIRM 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 AND ITS RIPPLE-ON EFFECTS AND ENSUING MATTERS. CONTRACTED CFO AND CONTRACTED CONTROLLER ARE PAID ON AN HOURLY BASIS. FOR OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION - THE ORGANIZATION PAYS THE CONTRACT CFO AND CONTROLLER BASED ON 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.