Cure Jm Foundation

Nonprofit profile at a glance

EIN
352222262
IRS 990 coverage
2018–2024
Forms available
Form 990 2024
Location
Leesburg, VA, USA
Phone
2025966267
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Support N.E.C.

Official website

Reported finances

Revenue
$2,486,838
Expenses
$2,661,142
Assets
$2,406,778
Liabilities
$0

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

Leadership & pay

17 people listed

Executive titles in this filing

  • JUSTIN WHITNEY (PRESIDENT)

Highest reported compensation

  • JAMES MINOW (EXECUTIVE DI): $183,109 total reported compensation
  • ANDREW HEATON PHD (CHIEF SCIENT): $161,936 total reported compensation

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

Overview

Mission

To find better treatments and a cure for juvenile myositis and improve the lives of families.

What it reported doing in 2024

The organization directly supported research as follows: (1) 210,629 to childhood arthritis and rheumatology research alliance (carra) (2) 170,000 to medical college of Wisconsin (3) 128,797 to duke university (4) 125,000 to the university of California (5) 112,500 to binghamton university state university of New York (6)70,000 to george Washington university (7) 65,641 to nucleic acid therapy accelerator (8) 63,750 to st. Marianna univesiy school of medicine (9) 62,500 to seattle children's hospital foundation (10) 47,000 lurie children's hospital (11) 23,000 to the university of liverpool (12) 16,000 to national institutes of health (13) 12,440 rady childen's hospital san diego (14) 10,000 to bambino gesu hospital (15) 10,000 to boston children's hospital (16) 10,000 to the children's hospial of atlanta emory (17) 10,000 to children's hospital of Colorado (18) 10,000 to the children's hospital of los angeles (19) 10,000 to the children's hospital of orange county (20) 10,000 to the cincinnati children's hospital (21) 10,000 to johns hopkins children's center (22) 10,000 to john hopkins department of medicine (23) 10,000 to scottish rite for children (24) 10,000 university of pittsburgh medical center children's hospital of pittsburgh (25) 5,000 to c.s. Mott children's hospital university of Michigan health (26) Texas children's hospial (27) 5,000 universit of Alabama at birmingham (28) 4,992 to vanderbilt university (29) 3,750 to the hospital for sick children (knight) (30) to the myositis association 2,237 (31) 1,000 to children's hospial a montefiore bronx New York.

Operating model

Revenue model
Donor-supported. 72% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 47% for direct work, and 53% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 57
  • Accountability: 90
  • Sustainability: 32
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.6%; rating input score 87
  • Program expense ratio: 80.1%; rating input score 80
  • Fundraising efficiency: $4.37 raised per $1 spent on fundraising; rating input score 14; 14th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 7th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: 0 of 8 controls in place; rating input score 0
    • Claims monitoring procedures: Fail
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 98.9%; rating input score 99; 36th 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: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -7%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 0.9; rating input score 34; 34th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
  • Officer compensation ratio: 13%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: 9.4% per year; rating input score 100; 62nd percentile among comparable filings
  • Revenue growth: 4.2% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: 4.8% per year; rating input score 100; 33rd percentile among comparable filings

Details

  • Where the money goes: 86.6% of revenue deployed · 80.1% of spending went to programs
  • Governance: 16 of 16 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $2.1M in reported program spending
  • Leadership: top reported pay $183K · 17 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 30 of 32 current checks pass · 2 findings to review
  • Schedules: 7 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 7 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 22 filed money-flow records
  • Related organizations: 20 filed related-organization links
  • 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Transparency & Controls: Foreign activity oversight: 8 of 8 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 14/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Operating margin scored 17/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.