CREATE CURES FOUNDATION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
CREATE CURES FOUNDATION (EIN 47-2793776)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-08
IRS object ID
202133129349302343
Schema version
2020v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-11-08T10:31:44-08:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN475278347PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ALLISON & GIBB LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1601 E DAILY DRIVE SUITE 117AddressLine1Txt
CityCAMARILLOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93010ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN472793776EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CREATE CURES FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCREABusinessNameControlTxt
Phone4247859099PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11260 15TH STREET 1109AddressLine1Txt
CitySANTA MONICACityNm
State AbbreviationCAStateAbbreviationCd
ZIP90404ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARIA CRISTINA VILLAPersonNm
Person TitleSecretaryPersonTitleTxt
Signature2021-11-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMARIA CRISTINAPersonFirstNm
Person LastVILLAPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLISA A ALLISON CPAPreparerPersonNm
PTINP01971329PTIN
Phone8059871999PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerVALTER LONGOPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11260 15TH STREET 1109AddressLine1Txt
CitySANTA MONICACityNm
State AbbreviationCAStateAbbreviationCd
ZIP90404ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$238,086GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressCREATECURES.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2015FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionCREATE CURES FOUNDATION IS A 501(C)(3) NONPROFIT ORGANIZATION DEDICATED TO THE PURPOSE OF PROMOTING CREATIVE, EDUCATIONAL AND SCIENTIFIC PROGRAMS AIMED AT ENSURING HEALTHY LIVES, IMPROVING THE WELL-BEING OF ALL AGES AND REDUCING MORTALITY DUE TO NONCOMMUNICABLE DISEASES LIKE CANCER, DIABETES, CARDIOVASCULAR AND NUERODEGENERATIVE DISEASE AS WELL AS OBESITY. WE WANT EVERYONE, EVEN PATIENTS WITHOUT FINANCIAL MEANS TO BE ABLE TO BENEFIT FROM NEW KNOWLEDGE AND LIVE A HEALTHY, LONG LIFE.THE FOUNDATION'S MISSION IS TO PREVENT ILLNESS AND PROMOTE LONGER, HEALTHIER, AND CONSEQUENTLY HAPPIER LIVES AS FUNDAMENTAL HUMAN RIGHTS AS DESCRIBED IN THE "UNIVERSAL DECLARATION OF HUMAN RIGHTS" PROCLAIMED BY THE UNITED NATIONS GENERAL ASSEMBLY IN PARIS IN 1948.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee9TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$1,185,437PYContributionsGrantsAmt
CY Contributions Grants$83,729CYContributionsGrantsAmt
CY Program Service Revenue$12,849CYProgramServiceRevenueAmt
PY Investment Income$3,097PYInvestmentIncomeAmt
CY Investment Income$5CYInvestmentIncomeAmt
PY Other Revenue$394,230PYOtherRevenueAmt
CY Other Revenue$141,503CYOtherRevenueAmt
PY Total Revenue$1,582,764PYTotalRevenueAmt
CY Total Revenue$238,086CYTotalRevenueAmt
PY Grants And Similar Paid$315,775PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$257,646CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$170,355PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$244,017CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$8,887CYTotalFundraisingExpenseAmt
PY Other Expenses$791,610PYOtherExpensesAmt
CY Other Expenses$501,675CYOtherExpensesAmt
PY Total Expenses$1,277,740PYTotalExpensesAmt
CY Total Expenses$1,003,338CYTotalExpensesAmt
PY Revenues Less Expenses$305,024PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$765,252CYRevenuesLessExpensesAmt
Total Assets BOY$2,692,300TotalAssetsBOYAmt
Total Assets EOY$1,867,376TotalAssetsEOYAmt
Total Liabilities BOY$176,480TotalLiabilitiesBOYAmt
Total Liabilities EOY$116,808TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,515,820NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,750,568NetAssetsOrFundBalancesEOYAmt
MissionCREATE CURES FOUNDATION IS A 501(C)(3) NONPROFIT ORGANIZATION DEDICATED TO THE PURPOSE OF PROMOTING CREATIVE, EDUCATIONAL AND SCIENTIFIC PROGRAMS AIMED AT ENSURING HEALTHY LIVES, IMPROVING THE WELL-BEING OF ALL AGES AND REDUCING MORTALITY DUE TO NONCOMMUNICABLE DISEASES LIKE CANCER, DIABETES, CARDIOVASCULAR AND NUERODEGENERATIVE DISEASE AS WELL AS OBESITY. WE WANT EVERYONE, EVEN PATIENTS WITHOUT FINANCIAL MEANS TO BE ABLE TO BENEFIT FROM NEW KNOWLEDGE AND LIVE A HEALTHY, LONG LIFE.THE FOUNDATION'S MISSION IS TO PREVENT ILLNESS AND PROMOTE LONGER, HEALTHIER, AND CONSEQUENTLY HAPPIER LIVES AS FUNDAMENTAL HUMAN RIGHTS AS DESCRIBED IN THE "UNIVERSAL DECLARATION OF HUMAN RIGHTS" PROCLAIMED BY THE UNITED NATIONS GENERAL ASSEMBLY IN PARIS IN 1948.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$446,845ExpenseAmt
DescSENSITIZE AND EDUCATE ADULTS AND CHILDREN AROUND THE WORLD ABOUT NUTRITION AND LIFESTYLE AS KEY TO LIVING HEALTHIER AND LONGER LIVES.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$426,730ExpenseAmt
DescAssist patients and support the creation of a healthcare system that is efficient, effective and accessible to all-in particular for financially challenged individuals or those with serious health issues/ support charitable and educational programming, provide nutritional counseling, development and fulfillment of educational projects, courses and talks worldwide to find cures for diseases and educates the public on nutrition and healthy living based on real science.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$873,575TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsYes (true)ReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgYes (true)MoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingYes (true)LoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document5IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee9EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Form8282 Filed0Form8282FiledCnt
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMARIA CRISTINA VILLAPersonNm
Phone4247859099PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11260 15TH STREET 1109AddressLine1Txt
CitySANTA MONICACityNm
State AbbreviationCAStateAbbreviationCd
ZIP90404ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MARIA CRISTINA VILLA
Secretary10.000.00Yes (X)Yes (X)$5,000$0$0
RAFFAELE VARDAVAS
Treasurer1.000.00Yes (X)Yes (X)$5,000$0$0
VALTER LONGO
Chairman5.000.00Yes (X)Yes (X)$0$0$0
FABIO NECCO
BOARD MEMBER10.000.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$10,000TotalReportableCompFromOrgAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$83,729AllOtherContributionsAmt
Total Contributions$83,729TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Clinic Program624100$11,946$11,946
Masterclass Program900099$903$903
FieldValueIRS element (for citing)
Total Program Service Revenue$12,849TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$5TotalRevenueColumnAmt
Exclusion$5ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$46,503TotalRevenueColumnAmt
Exclusion$46,503ExclusionAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOther IncomeDesc
Total Revenue Column$95,000TotalRevenueColumnAmt
Related Or Exempt Func Income$95,000RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$95,000OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$238,086TotalRevenueColumnAmt
Related Or Exempt Func Income$107,849RelatedOrExemptFuncIncomeAmt
Exclusion$46,508ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$257,646TotalAmt
Program Services$257,646ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$10,000TotalAmt
Management And General$10,000ManagementAndGeneralAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$219,579TotalAmt
Program Services$219,579ProgramServicesAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$14,438TotalAmt
Program Services$14,438ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$23,143TotalAmt
Management And General$23,143ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$11,566TotalAmt
Management And General$11,566ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$105,558TotalAmt
Program Services$77,098ProgramServicesAmt
Management And General$28,460ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$22,549TotalAmt
Program Services$22,549ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$8,876TotalAmt
Program Services$8,876ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$19,791TotalAmt
Program Services$10,904ProgramServicesAmt
Fundraising$8,887FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$195,577TotalAmt
Program Services$195,577ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$8,684TotalAmt
Program Services$8,684ProgramServicesAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$9,606TotalAmt
Program Services$9,606ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$17,242TotalAmt
Program Services$5,370ProgramServicesAmt
Management And General$11,872ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
PROGRAM ADMINISTRATION$35,725$35,725
OUTSIDE SERVICES$10,217$10,217
DUES & SUBSCRIPTIONS$9,778$9,778
COSTS INCURRED DUE TO ROYALTY$7,044$7,044

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$16,319TotalAmt
Program Services$7,523ProgramServicesAmt
Management And General$8,796ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,003,338TotalAmt
Program Services$873,575ProgramServicesAmt
Management And General$120,876ManagementAndGeneralAmt
Fundraising$8,887FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,318,895BOYAmt
EOY$469,000EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,763BOYAmt
EOY$2,202EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$122,838LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$12,922LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$22,361BOYAmt
EOY$109,916EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$946,601BOYAmt
EOY$947,158EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$402,680BOYAmt
EOY$339,100EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,692,300BOYAmt
EOY$1,867,376EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$22,280BOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$140,000BOYAmt
EOY$70,000EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$14,200BOYAmt
EOY$14,200EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
EOY$32,608EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$176,480BOYAmt
EOY$116,808EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,415,820BOYAmt
EOY$699,773EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,100,000BOYAmt
EOY$1,050,795EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,515,820BOYAmt
EOY$1,750,568EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,692,300BOYAmt
EOY$1,867,376EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$765,252ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$946,220CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$696,769CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$141,437CurrentTaxYearMinus1YearAmt
Current Tax Year$83,729CurrentTaxYearAmt
Total$1,868,155TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$946,220CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$696,769CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$141,437CurrentTaxYearMinus1YearAmt
Current Tax Year$83,729CurrentTaxYearAmt
Total$1,868,155TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$702,664SubstantialContributorsTotAmt
Public Support Total170$1,165,491PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$859,532CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$530,834CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$397,327CurrentTaxYearMinus1YearAmt
Current Tax Year$46,508CurrentTaxYearAmt
Total$1,834,201TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$94,999CurrentTaxYearAmt
Total$94,999TotalAmt
FieldValueIRS element (for citing)
Total Support$3,797,355TotalSupportAmt
Public Support CY1700.30690PublicSupportCY170Pct
Ten Pct Facts Crcmstncs Test CYYes (X)TenPctFactsCrcmstncsTestCYInd
Facts And Circumstances TestCurrent Year Facts and Circumstances: THE FOLLOWING FACTS DEMONSTRATE THAT THE ORGANIZATION SATIFIES THE FACTS AND CIRCUMSTANCES TEST OF REGULATION 1.170A-9(e)(3) AND QUALIFIES AS A PUBLIC CHARITY UNDER SECTIONS 509(a)(1) AND 170(b)(1)(A)(vi).- 10% OF SUPPORT LIMITATION. THE ORGANIZATION'S PUBLIC SUPPORT FOR THE PREVIOUS 4-YEAR PERIOD IS IN EXCESS OF THE 10% REQUIREMENT, CLEARLY QUALIFYING IT UNDER THE FACTS AND CIRCUMSTANCES TEST.- ATTRACTION OF PUBLIC SUPPORT: THE ORGANIZATION HAS PURSUED, SINCE ITS INCEPTION, A FUNDRAISING PROGRAM THAT RELIES ON GRANTS FROM INDIVIDUALS, CORPORATIONS, PRIVATE FOUNDATIONS AND OTHERS.- PERCENTAGE OF FINANCIAL SUPPORT: THE PUBLIC SUPPORT IS IN EXCESS OF THE 10% FLOOR BUT SHORT OF THE 33.33% WHICH WOULD HAVE MADE THE FACTS AND CIRCUMSTANCES DISCUSSION UNNECESSARY.- SOURCES OF SUPPORT: THE ORGANIZATION'S IMPORTANT WORK HAS ATTRACTED SUPPORT FROM PRIVATE FOUNDATIONS, INDIVIDUALS AND CORPORATIONS.CONCLUSION: BASED ON THE ABOVE INFORMATION, THE ORGANIZATION SATISFIES THE FACTS AND CIRCUMSTANCES TEST AND QUALIFIES AS A PUBLIC CHARITY. ITS PUBLIC SUPPORT PERCENTAGE IS IN EXCESS OF THE 10% REQUIREMENT.FactsAndCircumstancesTestTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$66,832InvestmentCostOrOtherBasisAmt
Depreciation$1,462DepreciationAmt
Book Value$65,370BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$23,736InvestmentCostOrOtherBasisAmt
Depreciation$4,503DepreciationAmt
Book Value$19,233BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$32,270InvestmentCostOrOtherBasisAmt
Depreciation$6,957DepreciationAmt
Book Value$25,313BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$109,916TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (4 entries)

DescDescBook ValueBookValueAmt
Documentary$271,767
Loan receivable - VLF$50,000
Other receivables
SECURITY DEPOSIT$17,333
FieldValueIRS element (for citing)
Total Book Value Other Assets$339,100TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescPPP LOANDesc
Amt$32,608Amt
FieldValueIRS element (for citing)
Total Liability$32,608TotalLiabilityAmt

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants To Org Outside US GrantsToOrgOutsideUSGrp

FieldValueIRS element (for citing)
RegionItalyRegionTxt
Purpose Of GrantRESEARCH & GENERALPurposeOfGrantTxt
Cash Grant$257,646CashGrantAmt
Manner Of Cash DisbursementWIREMannerOfCashDisbursementTxt
Valuation Method UsedCASHValuationMethodUsedDesc
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Transfer To Foreign CorpfalseTransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipfalseForeignCorpOwnershipInd
Passive Foreign Investmest CofalsePassiveForeignInvestmestCoInd
Foreign PartnershipfalseForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside USFormAndLineReferenceDesc
ExplanationAGREEMENTS ARE IN PLACE FOR THE USE OF FUNDS BY THE FOREIGN ENTITIES.ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

FieldValueIRS element (for citing)
PersonVALTER LONGOPersonNm
Relationship With OrgCHAIRMANRelationshipWithOrgTxt
Loan PurposeREIMBURSELoanPurposeTxt
Loan To OrganizationYes (X)LoanToOrganizationInd
Original Principal$14,200OriginalPrincipalAmt
Balance Due$14,200BalanceDueAmt
DefaultfalseDefaultInd
Board Or Committee ApprovalYes (true)BoardOrCommitteeApprovalInd
Written AgreementfalseWrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$14,200TotalBalanceDueAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule L, Part V Supplemental InformationFormAndLineReferenceDesc
ExplanationThe organization funded two clinical research trials to study specific effects of L-Nutra products. Subsequently, it was determined that the research was applied research. L-Nutra assumed responsibility for the research and is fully reimbursing the organization the amount it expended on the research including interest at the applicable federal rate.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Line 11b: Form 990 Review ProcessTHE DRAFT COPY OF THE TAX RETURN IS PROVIDED TO THE BOARD FOR THEIR REVIEW AND APPROVAL BEFORE FINALIZING FOR FILING.
Form 990, Part VI, Line 19: Other Organization Documents Publicly AvailableCOPIES OF THE ORGANIZATION'S DOCUMENTS ARE AVAILABLE UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1FONDAZIONE VALTER LONGOBusinessNameLine1Txt

Foreign Address ForeignAddress

FieldValueIRS element (for citing)
Address Line1VIA BORGOGNA 9AddressLine1Txt
CityMILANOCityNm
CountryITCountryCd
Foreign Postal20122ForeignPostalCd
FieldValueIRS element (for citing)
Primary ActivitiesRESEARCH AND NUTRITIONPrimaryActivitiesTxt
Legal Domicile Foreign CountryITLegalDomicileForeignCountryCd
Direct Controlling NAN/ADirectControllingNACd
Controlled OrganizationfalseControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (true)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (true)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
FONDAZIONE VALTER LONGO
b$257,646CASH
FONDAZIONE VALTER LONGO
d$50,000CASH

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