Ethos Discovery
Nonprofit profile at a glance
- EIN
- 811002068
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024, Form 990-N 2016
- Location
- San Diego, CA, USA
- Phone
- 4104198542
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Cancer Research
Reported finances
- Revenue
- $1,043,991
- Expenses
- $897,474
- Assets
- $11,990,836
- Liabilities
- $121,967
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- CHAND KHANNA (PRESIDENT)
People named in this filing
- CHAND KHANNA (PRESIDENT)
- AMY BAKLUND (TREASURER)
- EJ EHRHART (DIRECTOR)
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
To conduct nonprofit scientific research to improve human and veterinary health.
What it reported doing in 2024
As a scientific incubator, ethos discovery conducts clinical studies that include pet animals with naturally occuring disease such as cancer. The goals of these studies will be to determine the value of these research findings for future use in animals and/or in humans with complex medical problems. Clinical studies will seek to answer basic questions about the value of these research findings, and in so doing, expect to derive novel diagnostic and therapeutic opportunities for both pets and human patients.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% 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
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 92
- Accountability: 82
- Sustainability: 77
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.7%; rating input score 78
- Program expense ratio: 63.7%; rating input score 64
- Fundraising efficiency: $3.62 raised per $1 spent on fundraising; rating input score 11; 11th 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: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- 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: Pass
Sustainability
- Operating margin: 14%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 13.36; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 12.4% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: 21.2% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 38.5% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 77.7% of revenue deployed · 63.7% of spending went to programs
- Governance: 4 of 4 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $572K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Highest-paid contractors: 1 contractor listed · $118K reported
- Consistency: 20 of 20 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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: Fundraising efficiency scored 11/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.