Believe in a Cure Inc

Nonprofit profile at a glance

EIN
843876764
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Port Washington, NY, USA
Phone
5163303444
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Official website

Reported finances

Revenue
$1,775,333
Expenses
$1,361,639
Assets
$3,034,496
Liabilities
$193,625

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • SCOTT REICH (PRESIDENT)
  • MEGHAN GEORGE (EXECUTIVE DIRECTOR (TO 10/24))
  • JENNIFER TUCHOLSKI (EXECUTIVE DIRECTOR (FROM 11/24))

Highest reported compensation

  • MEGHAN GEORGE (EXECUTIVE DIRECTOR (TO 10/24)): $85,167 total reported compensation
  • JENNIFER TUCHOLSKI (EXECUTIVE DIRECTOR (FROM 11/24)): $12,179 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization aims to support the care and treatment of individuals diagnosed with foxg1 syndrome and other rare diseases, as well as raising public awareness regarding such issues, and to support research and development of learnings and methods to improve the quality of life for patients with such disorders. The organization grants funds to individuals and organizations seeking, through research, development treatment, and other assistance, to support p

What it reported doing in 2024

The organization aims to support the care and treatment of individuals diagnosed with foxg1 syndrome and other rare disorders, as well as raising public awareness regarding such issues, and to support research and development of learnings and methods to improve the quality of life for patients with such disorders. The organization intends to grant funds to individuals and organizations seeking, through research, development and treatment, to support patients with foxg1 syndrome and other rare disorders.

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 93% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 94
  • Accountability: 90
  • Sustainability: 68
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70%; rating input score 70
  • Program expense ratio: 88.8%; rating input score 89
  • Fundraising efficiency: $16.2 raised per $1 spent on fundraising; rating input score 53; 53rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 23.3%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 2.23; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 49; 49th percentile among comparable filings
  • Officer compensation ratio: 7.1%; rating input score 46; 46th percentile among comparable filings

Growth

  • Program expense growth: 48.1% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 25.1% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 30.9% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 70% of revenue deployed · 88.8% of spending went to programs
  • Governance: 8 of 8 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.2M in reported program spending
  • Leadership: top reported pay $85K · 10 people listed
  • Highest-paid contractors: 3 contractors listed · $629K reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Fundraising efficiency scored 53/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 46/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 49/100.