NATIONAL STEM CELL FOUNDATION INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: NATIONAL STEM CELL FOUNDATION INC (EIN 83-0392250)
Tax period: 2016-01-01 to 2016-12-31
Filed: 2017-11-15
IRS object ID: 201703199349301040
Schema version: 2016v3.0
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
Form 990
Schedule A
Schedule B
Schedule D
Schedule I
Schedule J
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-11-15T13:56:10-06:00	ReturnTs
Tax Period End	2016-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	271235638	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MOUNTJOY CHILTON MEDLEY LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	462 S FOURTH ST SUITE 2600	AddressLine1Txt
City	LOUISVILLE	CityNm
State Abbreviation	KY	StateAbbreviationCd
ZIP	402023445	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2016-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	830392250	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	NATIONAL STEM CELL FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	NATI	BusinessNameControlTxt
Phone	5023798544	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	462 S 4TH STREET NO 1230	AddressLine1Txt
City	LOUISVILLE	CityNm
State Abbreviation	KY	StateAbbreviationCd
ZIP	40202	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DR PAULA GRISANTI	PersonNm
Person Title	CHAIRMAN	PersonTitleTxt
Phone	5023798544	PhoneNum
Signature	2017-11-15	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	REBECCA L PHILLIPS CPA	PreparerPersonNm
PTIN	P00024055	PTIN
Phone	5027491900	PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	128.136.148.166	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2017-11-15	IPDt
IP Tm	14:29:38	IPTm
IP Timezone	ES	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	67686B56B41F7CCF39B57D3FBA82A7CCB21CF855	AtSubmissionCreationDeviceId
At Submission Filing Device Id	7CC221E31CECBAC677BF5A98758DEE4845ABB877	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2016	TaxYr
Build TS	2021-01-29 14:40:06Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	DR PAULA GRISANTI	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	462 S 4TH STREET NO 1230	AddressLine1Txt
City	LOUISVILLE	CityNm
State Abbreviation	KY	StateAbbreviationCd
ZIP	40202	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$1,170,610	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.NATIONALSTEMCELLFOUNDATION.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2003	FormationYr
Legal Domicile State	DC	LegalDomicileStateCd
Activity Or Mission	NSCF FUNDS ADULT STEM CELL RESEARCH, SCHOLARSHIPS FOR MIDDLE-SCHOOL (CONTINUED ON SCHEDULE O)SCIENCE TEACHERS, EFFORTS TO INCREASE THE DONOR POOL FOR BONE MARROW TRANSPLANTS AND PROGRAMS THAT CONNECT CHILDREN WITH LIMITED RESOURCES TO CLINICAL TRIALS FOR RARE DISEASES.	ActivityOrMissionDesc
Voting Members Governing Body	5	VotingMembersGoverningBodyCnt
Voting Members Independent	3	VotingMembersIndependentCnt
Total Employee	4	TotalEmployeeCnt
Total Volunteers	4	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$965,688	PYContributionsGrantsAmt
CY Contributions Grants	$695,941	CYContributionsGrantsAmt
PY Program Service Revenue	$0	PYProgramServiceRevenueAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
PY Investment Income	$123,955	PYInvestmentIncomeAmt
CY Investment Income	$44,135	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$1,089,643	PYTotalRevenueAmt
CY Total Revenue	$740,076	CYTotalRevenueAmt
PY Grants And Similar Paid	$1,739,366	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$952,070	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$456,779	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$360,727	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$102,169	CYTotalFundraisingExpenseAmt
PY Other Expenses	$342,014	PYOtherExpensesAmt
CY Other Expenses	$231,449	CYOtherExpensesAmt
PY Total Expenses	$2,538,159	PYTotalExpensesAmt
CY Total Expenses	$1,544,246	CYTotalExpensesAmt
PY Revenues Less Expenses	-$1,448,516	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$804,170	CYRevenuesLessExpensesAmt
Total Assets BOY	$4,643,001	TotalAssetsBOYAmt
Total Assets EOY	$4,203,563	TotalAssetsEOYAmt
Total Liabilities BOY	$1,331,551	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,583,833	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$3,311,450	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$2,619,730	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	NSCF FUNDS ADULT STEM CELL RESEARCH, SCHOLARSHIPS FOR MIDDLE-SCHOOL SCIENCE TEACHERS, EFFORTS TO INCREASE THE DONOR POOL FOR BONE MARROW TRANSPLANTS AND PROGRAMS THAT CONNECT CHILDREN WITH LIMITED RESOURCES TO CLINICAL TRIALS FOR RARE DISEASES.	MissionDesc
Significant New Program Srvc	Yes (1)	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$1,326,480	ExpenseAmt
Grant	$952,070	GrantAmt
Desc	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 WILL SPEAK TO STUDENTS IN MIDDLE SCHOOL CLASSROOMS AFFILIATED WITH THE NATIONAL STEM (SCIENCE, TECHNOLOGY, ENGINEERING & MATH) SCHOLAR PROGRAM. ALSO THE DEVELOPMENT OF A SECOND PARTNERSHIP WITH THE ORTHOPAEDIC RESEARCH & EDUCATION FOUNDATION (OREF) TO FUND CLINICAL TRIALS TO REPAIR/REGENERATE BONE, MUSCLE OR TENDONS, AND A NEW FUND AT DUKE UNIVERSITY'S PEDIATRIC BLOOD & MARROW TRANSPLANT (PBMT) PROGRAM TO HELP CHILDREN OF LIMITED MEANS PARTICIPATE IN CLINICAL TRIALS TO ADVANCE RESEARCH INTO THERAPIES FOR RARE DISEASES.	Desc
Total Program Service Expenses	$1,326,480	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	Yes (1)	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	Yes (1)	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	8	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	4	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	5	GoverningBodyVotingMembersCnt
Independent Voting Member	3	IndependentVotingMemberCnt
Family Or Business Rln	Yes (1)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	Yes (1)	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	KY	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DR PAULA GRISANTI	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	5023798544	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	462 S 4TH STREET SUITE 1230	AddressLine1Txt
City	LOUISVILLE	CityNm
State Abbreviation	KY	StateAbbreviationCd
ZIP	40202	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
PAULA GRISANTI
CHAIRMAN AND CEO	40.00	Yes (X)	Yes (X)	$200,000	$0	$2,165
C DENNIS RIGGS
SECRETARY/TREASURER	1.00	Yes (X)	Yes (X)	$0	$0	$0
MICHAEL GRISANTI
DIRECTOR	2.00	Yes (X)		$0	$0	$0
BRUCE S WOLFF
DIRECTOR	5.00	Yes (X)		$0	$0	$0
JOHN M CRANOR III
DIRECTOR	1.00	Yes (X)		$0	$0	$0
DIANE CORNWELL
CHIEF FINANCIAL OFFICER	1.30		Yes (X)	$15,100	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$215,100	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$2,165	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	1	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$695,941	AllOtherContributionsAmt
Total Contributions	$695,941	TotalContributionsAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$55,306	TotalRevenueColumnAmt
Exclusion	$55,306	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$419,363	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$430,534	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	-$11,171	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$11,171	TotalRevenueColumnAmt
Exclusion	-$11,171	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$740,076	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$44,135	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$952,070	TotalAmt
Program Services	$952,070	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$217,634	TotalAmt
Program Services	$167,026	ProgramServicesAmt
Management And General	$30,161	ManagementAndGeneralAmt
Fundraising	$20,447	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$114,384	TotalAmt
Program Services	$53,366	ProgramServicesAmt
Management And General	$15,750	ManagementAndGeneralAmt
Fundraising	$45,268	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$8,395	TotalAmt
Program Services	$3,917	ProgramServicesAmt
Management And General	$1,156	ManagementAndGeneralAmt
Fundraising	$3,322	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$20,314	TotalAmt
Program Services	$9,478	ProgramServicesAmt
Management And General	$2,797	ManagementAndGeneralAmt
Fundraising	$8,039	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$3,090	TotalAmt
Program Services	$3,090	ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$40,894	TotalAmt
Program Services	$1,340	ProgramServicesAmt
Management And General	$39,554	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$13,798	TotalAmt
Management And General	$13,798	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$2,044	TotalAmt
Program Services	$953	ProgramServicesAmt
Management And General	$281	ManagementAndGeneralAmt
Fundraising	$810	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$49,392	TotalAmt
Program Services	$44,477	ProgramServicesAmt
Fundraising	$4,915	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$21,770	TotalAmt
Program Services	$10,596	ProgramServicesAmt
Management And General	$4,218	ManagementAndGeneralAmt
Fundraising	$6,956	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$35,369	TotalAmt
Program Services	$23,469	ProgramServicesAmt
Management And General	$4,037	ManagementAndGeneralAmt
Fundraising	$7,863	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$4,907	TotalAmt
Program Services	$4,380	ProgramServicesAmt
Management And General	$527	ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$5,425	TotalAmt
Program Services	$5,425	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$18,615	TotalAmt
Program Services	$12,352	ProgramServicesAmt
Management And General	$2,125	ManagementAndGeneralAmt
Fundraising	$4,138	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$28,225	TotalAmt
Program Services	$26,621	ProgramServicesAmt
Management And General	$1,193	ManagementAndGeneralAmt
Fundraising	$411	FundraisingAmt

Other Expenses OtherExpensesGrp

Field	Value	IRS element (for citing)
Desc	TRANSFER PROGRAM ASSETS	Desc
Total	$7,920	TotalAmt
Program Services	$7,920	ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,544,246	TotalAmt
Program Services	$1,326,480	ProgramServicesAmt
Management And General	$115,597	ManagementAndGeneralAmt
Fundraising	$102,169	FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$1,216,879	BOYAmt
EOY	$687,371	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$117,338	BOYAmt
EOY	$95,815	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$13,338	BOYAmt
EOY	$12,654	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$97,358	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$54,191	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$61,782	BOYAmt
EOY	$43,167	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$2,954,029	BOYAmt
EOY	$3,086,171	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$279,635	BOYAmt
EOY	$278,385	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$4,643,001	BOYAmt
EOY	$4,203,563	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$27,447	BOYAmt
EOY	$49,659	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$1,304,104	BOYAmt
EOY	$1,534,174	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,331,551	BOYAmt
EOY	$1,583,833	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,244,112	BOYAmt
EOY	$2,523,841	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$67,338	BOYAmt
EOY	$95,889	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$3,311,450	BOYAmt
EOY	$2,619,730	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$4,643,001	BOYAmt
EOY	$4,203,563	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	-$804,170	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$100,420	NetUnrlzdGainsLossesInvstAmt
Prior Period Adjustments	$12,030	PriorPeriodAdjustmentsAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$313,050	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$112,193	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,004,349	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$965,688	CurrentTaxYearMinus1YearAmt
Current Tax Year	$697,650	CurrentTaxYearAmt
Total	$3,092,930	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$313,050	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$112,193	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,004,349	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$965,688	CurrentTaxYearMinus1YearAmt
Current Tax Year	$697,650	CurrentTaxYearAmt
Total	$3,092,930	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$1,973,703	SubstantialContributorsTotAmt
Public Support Total170	$1,119,227	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$441	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$550	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$12,061	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$45,957	CurrentTaxYearMinus1YearAmt
Current Tax Year	$55,306	CurrentTaxYearAmt
Total	$114,315	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus3 Years	$7,830	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,572	CurrentTaxYearMinus2YearsAmt
Total	$9,402	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$3,216,647	TotalSupportAmt
Gross Receipts Rltd Activities	$250,000	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.34790	PublicSupportCY170Pct
Public Support PY170	0.38900	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:	FormAndLineReferenceDesc
Explanation	DESCRIPTION: CASH DATE: 12/01/12 AMOUNT: 250000.	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$5,476	OtherCostOrOtherBasisAmt
Depreciation	$2,738	DepreciationAmt
Book Value	$2,738	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$91,882	OtherCostOrOtherBasisAmt
Depreciation	$51,453	DepreciationAmt
Book Value	$40,429	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$43,167	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

Field	Value	IRS element (for citing)
Desc	INVESTMENT	Desc
Book Value	$3,086,171	BookValueAmt
Method Valuation	F	MethodValuationCd

Field	Value	IRS element (for citing)
Total Book Value Securities	$3,086,171	TotalBookValueSecuritiesAmt

Other Assets Org OtherAssetsOrgGrp

Field	Value	IRS element (for citing)
Desc	OTHER PROGRAM RELATED ASSETS	Desc
Book Value	$278,385	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$278,385	TotalBookValueOtherAssetsAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$862,538	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$100,420	NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts	$10,871	DonatedServicesAndUseFcltsAmt
Revenue Not Reported	$111,291	RevenueNotReportedAmt
Revenue Subtotal	$751,247	RevenueSubtotalAmt
Other Revenues Not Included	-$11,171	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	-$11,171	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$740,076	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$1,516,288	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$10,871	DonatedServicesUseFcltsAmt
Other Expenses Included	-$38,829	OtherExpensesIncludedAmt
Expenses Not Reported	-$27,958	ExpensesNotReportedAmt
Expenses Subtotal	$1,544,246	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$1,544,246	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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 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 XI, LINE 4B - OTHER ADJUSTMENTS:	LOSS ON SALE OF SECURITIES -11,171.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	LOSS ON SALE OF SECURITIES 11,171. RETURNED GRANT -50,000.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt
KENTUCKY SCIENCE AND TECHNOLOGY CORPORATION
200 W VINE ST	LEXINGTON	KY	40507	611135362	501(C)(3)	$250,000	SEE PART IV SUPPLEMENTAL INFORMATION
NORTHWESTERN MEMORIAL HEALTHCARE
251 E HURON ST	CHICAGO	IL	60611	363152959	501(C)(3)	$100,000	SEE PART IV SUPPLEMENTAL INFORMATION
DUKE UNIVERSITY HEALTH SYSTEM FOR PBMT PROGRAM
2301 ERWIN RD	DURHAM	NC	27710	562070036	501(C)(3)	$200,000	SEE PART IV SUPPLEMENTAL INFORMATION
OREF
9400 W HIGGINS RD	ROSEMONT	IL	60018	366009467	501(C)(3)	$300,000	SEE PART IV SUPPLEMENTAL INFORMATION

Field	Value	IRS element (for citing)
Total501c3 Org	4	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

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.

PART II, LINE 1, COLUMN (H):

NAME OF ORGANIZATION OR GOVERNMENT: KENTUCKY SCIENCE AND TECHNOLOGY CORPORATION (H)FUND A RESEARCH PROJECT TO THE INTERNATIONAL SPACE STATION (ISS) IN COLLABORATION WITH RESEARCHERS AT THE SCRIPPS RESEARCH INSTITUTE AND THE NEW YORK STEM CELL RESEARCH FOUNDATION. NAME OF ORGANIZATION OR GOVERNMENT: NORTHWESTERN MEMORIAL HEALTHCARE (H)SUPPORT IMMUNE MONITORING OF RENAL TRANSPLANT PATIENTS TREATED IN A CLINICAL TRIAL AT NORTHWESTERN MEMORIAL HOSPITAL. NAME OF ORGANIZATION OR GOVERNMENT: DUKE UNIVERSITY HEALTH SYSTEM (H)UNDERWRITE INSURANCE DEDUCTIBLES AND CO-PAYS FOR THE FAMILIES OF CHILDREN ELIGIBLE BUT FINANCIALLY UNABLE TO PARTICIPATE IN CLINICAL TRIALS FOR RARE DISEASES AT DUKE UNIVERSITY'S PEDIATRIC BLOOD AND MARROW TRANSPLANT PROGRAM. NAME OF ORGANIZATION OR GOVERNMENT: OREF (H)FUND A MULTI-YEAR PEER-REVIEWED GRANT SUPPORTING ADULT STEM CELL RESEARCH IN A CLINICAL TRIAL TO ADVANCE THERAPIES IN ORTHOPEDIC MEDICINE.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	PAULA GRISANTI	PersonNm
Title	CHAIRMAN AND CEO	TitleTxt
Base Compensation Filing Org	$200,000	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$0	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$2,165	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$202,165	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	3	ContributionCnt
Noncash Contributions Rpt F990	$552,106	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Form8283 Received	0	Form8283ReceivedCnt
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	0	ReviewProcessUnusualNCGiftsInd
Third Parties Used	0	ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART III, LINE 2	THE FOUNDATION BEGAN TWO NEW PROGRAM SERVICES DURING THE YEAR: A PATIENT ADVOCACY PROGRAM THAT HELPS FAMILIES OF LIMITED MEANS PARTICIPATE IN CLINICAL TRIALS FOR THE TREATMENT OF CURRENTLY INCURABLE RARE DISEASES. COLLABORATIONS BETWEEN FUNDED RESEARCHERS FOR STUDIES IN ZERO GRAVITY TO ADVANCE SCIENCE IN THE NATIONAL STEM CELL FOUNDATION'S FUNDED AREAS.
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.
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 FINANCE COMMITTEE. A COPY WAS THEN SENT TO EACH BOARD MEMBER FOR THEIR REVIEW 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 ON A FORM PROVIDED BY THE ORGANIZATION 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 DETERMINED 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.
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 COMMITTEE CONTINUES TO MEET WITH THE INDEPENDENT AUDITOR AT THE CONCLUSION OF THE ANNUAL AUDIT.
PART XI, LINE 8, PRIOR PERIOD ADJUSTMENT	DURING 2016, MANAGEMENT WAS NOTIFIED THAT THE DONOR OF A $100,000 IRREVOCABLE SECOND-TO-DIE LIFE INSURANCE POLICY HAD CHANGED THE TERMS OF THE DONATION AND REMOVED THE FOUNDATION AS A BENEFICIARY. AN ADJUSTMENT OF $37,970 TO TEMPORARILY RESTRICTED NET ASSETS AS OF JANUARY 1, 2015 IS REFLECTED IN A DECREASE OF NET ASSETS FROM $3,311,450 TO $3,273,480. THE 2015 AUDITED FINANCIAL STATEMENTS HAVE BEEN REVISED TO REFLECT THE CHANGES IN THE TERMS. ADDITIONALLY, A $50,000 GRANT WAS RETURNED DURING 2016. THE CHANGE TO NET ASSETS AS A RESULT OF THESE PRIOR PERIOD ADJUSTMENTS IS A NET INCREASE OF $12,030.