Daniel W Offit Fund to Fight Glioblastoma Inc
Nonprofit profile at a glance
- EIN
- 990991065
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2125883264
- Rating
- 51
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Cancer Research
Reported finances
- Revenue
- $629,357
- Expenses
- $97,425
- Assets
- $538,884
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- NED OFFIT (PRESIDENT)
People named in this filing
- MORRIS OFFIT (DIRECTOR)
- NED OFFIT (PRESIDENT)
- VINCENT RELLA (SECRETARY/TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The daniel w. Offit fund to fight glioblastoma is dedicated to advancing glioblastoma research and therapies.
What it reported doing in 2024
The daniel w. Offit fund to fight glioblastoma, inc. (the organization) plans to fundraise to fund research and therapies for cancer, including in particular glioblastoma. The glioblastoma multiforme (gbm) is the most common and deadliest form of adult brain cancer. To date there has been little progress made in identifying a cure for this disease, with the average life expectancy after diagnosis sadly being around 14 months. (continued sched o)(continued from page 2, part iii, 4a) the organization intends to fundraise from the public, including through fundraising events, and all of the funds raised by the organization will be used to fund and advance further research and therapies for cancer, including in particular gbm.the organization intends to have a scientific advisory board (sab), which will be composed of expert medical and research professionals, to advise the organization on the projects that have the most viable path to a cure for gbm. The organization will use the feedback of its sab to determine the most important research priorities and to solicit and fund research proposals aimed at addressing these priorities. The organization will ensure that any grants it makes are selected and distributed through an open and disinterested process and through existing academic and professional infrastructures.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 3
- Transparency & Controls: 92
- Accountability: 88
- Sustainability: 92
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: $6.32 raised per $1 spent on fundraising; rating input score 24; 24th 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: Limited
- 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: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: Fail
Sustainability
- Operating margin: 84.5%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 5.53; rating input score 86; 86th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 3 of 3 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 12 of 12 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 24/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.