Foundation for the Accreditation of Cellular Therapy
Nonprofit profile at a glance
- EIN
- 841363353
- IRS 990 coverage
- 2011–2025
- Forms available
- Form 990 2025
- Location
- Omaha, NE, USA
- Phone
- 4029207003
- Rating
- 60
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Cancer Research
Reported finances
- Revenue
- $6,858,508
- Expenses
- $6,773,739
- Assets
- $3,829,220
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- C FRED LEMAISTRE MD (PAST PRESIDENT)
- CATHERINE BOLLARD MD (PRESIDENT)
- NAVNEET MAJHAIL MD (VICE PRESIDENT)
Highest reported compensation
- JOSEPH SCHWARTZ (SENIOR MEDICAL OFFICER): $387,842 total reported compensation
- PHYLLIS WARKENTIN MD (CHIEF MEDICAL OFFICER): $343,122 total reported compensation
- DAVID SCHMAHL (CHIEF EXEC OFFICER): $307,270 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Fact is a non-profit corporation founded to improve the quality of cellular therapy through peer-developed standards, education and accreditation for the benefit of patients.
What it reported doing in 2025
Training & education - the organization provides fee-based training and education for accredited programs to assist them in keeping up-to-date with new and revised standards for their programs. This may include seminars and distance learning for accredited programs. To aid programs in emerging economies, educational sessions are provided at no expense. Training and education is also provided to fact's inspectors at no cost to the volunteers.
Operating model
- Revenue model
- Earned-program. 91% of the money available for current operations came from fees and other program revenue.
- 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 - Most voting board members are independent and program spending has grown recently. 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: 52
- Transparency & Controls: 47
- Accountability: 93
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 57.6%; rating input score 58
- Program expense ratio: 59.2%; rating input score 59
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 88.2%; rating input score 88; 20th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 1.2%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 0.57; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 96; 96th percentile among comparable filings
- Officer compensation ratio: 24.1%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: 8.1% per year; rating input score 100; 53rd percentile among comparable filings
- Revenue growth: 10.4% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: 10.7% per year; rating input score 100; 60th percentile among comparable filings
Details
- Where the money goes: 57.6% of revenue deployed · 59.2% of spending went to programs
- Governance: 15 of 17 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $4M in reported program spending
- Leadership: top reported pay $388K · 22 people listed · 1 of 6 pay-setting controls reported
- Consistency: 29 of 29 current checks pass
- Schedules: 7 filed schedules · includes major donors, foreign activity, and executive pay
- Filing history: 14 filing years from 2011 to 2025
- Contacts: How to reach this organization
- Money network: 7 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 58/100.
- Review — Financial Efficiency: Program expense ratio scored 59/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- Moderate — Sustainability: Operating margin scored 31/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- High — Sustainability: Officer compensation ratio scored 12/100.