2020-11-16T13:39:51-06:00 2019-12-31 271235638 MCM CPAS & ADVISORS LLP 462 S FOURTH ST SUITE 2600 LOUISVILLE KY 402023445 990 2019-01-01 830392250 NATIONAL STEM CELL FOUNDATION INC NATI 5023798544 462 S 4TH STREET NO 1230 LOUISVILLE KY 40202 DR PAULA GRISANTI CEO 5023798544 2020-11-12 1 REBECCA L PHILLIPS CPA P00024055 5027491900 2020-11-12 69.135.99.226 2020-11-12 07:14:14 ES P 94A5761CEE46803ED4D93D05A8F17648CB2218CA 87A63A6086134366452F28983677617D48D21066 2019 2021-01-29 14:40:06Z DR PAULA GRISANTI 462 S 4TH STREET NO 1230 LOUISVILLE KY 40202 2946862 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 A PROFESSIONAL DEVELOPMENT PROGRAM FOR MIDDLE SCHOOL SCIENCE TEACHERS INSPIRING THE NEXT GENERATION OF STEM PIONEERS NATIONWIDE. 5 3 6 4 0 0 788350 2326956 0 0 105586 60724 0 0 893936 2387680 335803 908585 0 0 444367 531499 0 0 163039 294731 1278523 1074901 2718607 -180965 -330927 8811543 8347114 769847 368968 8041696 7978146 X 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. 0 0 2409287 908585 ACCOMPLISHMENTS INCLUDE DEVELOPMENT OF A COLLABORATIVE PROJECT BETWEEN FUNDED RESEARCHERS ON BOTH COASTS GOING TO THE INTERNATIONAL SPACE STATION (ISS) TO ADVANCE SCIENCE IN THE FIELD OF NEURODEGENERATIVE DISEASE. CONNECTING RESEARCH TO EDUCATION, ASTRONAUTS ON THE ISS SPOKE TO STUDENTS IN MIDDLE SCHOOL CLASSROOMS AFFILIATED WITH THE NATIONAL STEM (SCIENCE, TECHNOLOGY, ENGINEERING & MATH) SCHOLAR PROGRAM. ADDITIONALLY, IN PARTNERSHIP WITH THE PEDIATRIC BLOOD AND MARROW TRANSPLANT PROGRAM (PBMT) AT DUKE UNIVERSITY, WE HELP COVER INSURANCE DEDUCTIBLES AND CO-PAYS FOR CHILDREN ELIGIBLE TO PARTICIPATE IN POTENTIALLY LIFE-CHANGING CLINICAL TRIALS WHEN THE OUT-OF-POCKET COSTS ARE BEYOND A FAMILY'S MEANS. CHILDREN FROM ALL OVER THE UNITED STATES AND AROUND THE WORLD TRAVEL TO PBMT FOR ACCESS TO CLINICAL TRIALS FOR RARE, DISABLING AND SOMETIMES FATAL DISEASES. THESE ARE CHILDREN WITH NO OTHER TREATMENT OPTIONS AND OFTEN LIMITED FINANCIAL RESOURCES. SUPPORT AND PARTICIPATION IN 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, ONE OF THE BEST HIGH SCHOOLS IN THE COUNTRY, TO DEVELOP AND FUND ADVANCED TRAINING AND NETWORK BUILDING FOR 10 MIDDLE SCHOOL SCIENCE TEACHERS EACH YEAR. NATIONAL STEM SCHOLARS CONVENE IN JUNE ON GATTON'S CAMPUS AT WESTERN KENTUCKY UNIVERSITY FOR A WEEK OF ADVANCED STEM TRAINING WITH A PEER GROUP OF HIGHLY MOTIVATED SCIENCE TEACHERS FROM AROUND THE COUNTRY - AND LEAVE WITH A LAPTOP/TABLET TO FACILITATE ONGOING COLLABORATION, A GENEROUS STIPEND FOR TECHNOLOGY AND SUPPLIES TO IMPLEMENT A CLASSROOM CHALLENGE PROJECT AND SPONSORED ATTENDANCE AT THE NATIONAL SCIENCE TEACHERS ASSOCIATION ANNUAL CONFERENCE THE FOLLOWING SPRING. THEY ARE MENTORED THROUGHOUT THE YEAR BY WKU MASTER FACULTY. 2409287 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 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 13 0 1 6 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 X DR PAULA GRISANTI 5023798544 462 S 4TH STREET SUITE 1230 LOUISVILLE KY 40202 PAULA GRISANTI CEO 40.00 X X 200000 0 5291 C DENNIS RIGGS SECRETARY/TREASURER 1.00 X X 0 0 0 MICHAEL GRISANTI DIRECTOR 2.00 X 0 0 0 BRUCE S WOLFF CHAIRMAN 5.00 X X 0 0 0 JOHN M CRANOR III DIRECTOR 1.00 X 0 0 0 DIANE CORNWELL CHIEF FINANCIAL OFFICER 1.30 X 11700 0 0 211700 0 5291 1 0 1 0 0 1606878 720078 379353 2326956 48906 48906 571000 559182 11818 11818 11818 2387680 0 0 60724 908585 908585 217262 178848 22959 15455 259902 108168 42554 109180 22656 12134 3515 7007 31679 18273 4284 9122 59782 50282 9500 44604 4339 40265 10684 10684 44581 43033 989 559 157050 152547 4503 28486 22300 3430 2756 39609 23636 5022 10951 10517 10238 213 66 10892 10854 38 11584 7011 1449 3124 29821 28126 1379 316 SPACE RESEARCH 803439 803439 PROGRAM RELATED INVESTM 27474 27474 2718607 2409287 146281 163039 667177 705961 327195 172308 25336 15119 92786 73009 27913 19777 2165979 1809341 5597943 5624608 8811543 8347114 51840 58315 718007 310653 769847 368968 X 7714501 7807347 327195 170799 8041696 7978146 8811543 8347114 X -330927 167377 100000 X X 0 1 X 1 0 X 965688 697650 1132282 788350 2326956 5910926 650000 650000 965688 697650 1132282 788350 2976956 6560926 2627516 3933410 45957 55306 49771 53351 48906 253291 6814217 5342216 0.57720 0.33380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5476 5476 0 87310 67533 19777 19777 CRITICAL REAGENTS 5624608 C 5624608 X 3218143 167377 663086 830463 2387680 0 2387680 3281693 663086 -100000 563086 2718607 0 2718607 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. PART XII, LINE 2D - OTHER ADJUSTMENTS: RETURN OF PRIOR YEAR GRANT -100,000. 1 DUKE UNIVERSITY HEALTH SYSTEM BOX 90581 DURHAM NC 27708 562070036 501(C)(3) 50000 ON FILE WESTERN KY UNIVERSITY FOUNDATION FOR GATTON ACADEMY 292 ALUMNI AVE BOWLING GREEN KY 42101 611251555 501(C)(3) 50000 ON FILE NY STEM CELL FOUNDATION 619 WEST 54TH STREET NEW YORK NY 10019 202905531 501(C)(3) 803439 ON FILE 3 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 X X X 0 0 0 0 0 0 0 0 0 PAULA GRISANTI CEO 200000 0 0 0 0 0 0 0 5291 0 205291 0 0 0 X 3 379353 FMV(AVERAGE OF HIGH/LOW) 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 PAULA GRISANTI, CHAIRMAN OF THE BOARD, 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. 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. 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 CHIEF EMPLOYED EXECUTIVE AND CHIEF EMPLOYED 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 HAS BEEN MADE SINCE THAT TIME. 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 XI, LINE 9: RETURN OF PRIOR YEAR GRANT 100,000. 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 COMMITTEE CONTINUES TO MEET WITH THE INDEPENDENT AUDITOR AT THE CONCLUSION OF THE ANNUAL AUDIT.