NEPM Foundation Inc

Nonprofit profile at a glance

EIN
882952280
IRS 990 coverage
2022–2025
Forms available
Form 990 2025
Location
Southampton, NY, USA
Phone
9179744255
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Cancer Research

Reported finances

Revenue
$119,863
Expenses
$63,647
Assets
$493,159
Liabilities
$5,510

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • JEFFREY S PHLEGAR (TRUSTEE, PRESIDENT)
  • SYDNEY E PHLEGAR (TRUSTEE, VICE PRESIDENT)

People named in this filing

  • JEFFREY S PHLEGAR (TRUSTEE, PRESIDENT)
  • MAXXWELL T HAMILTON (TRUSTEE, SECRETARY/TREASURER)
  • SYDNEY E PHLEGAR (TRUSTEE, VICE PRESIDENT)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of nepm foundation is to support research and funding for brain cancer treatment and cures either directly or indirectly through grants and contributions. The organization will help support to families of those inflicted with brain cancer.

What it reported doing in 2025

RESEARCH AND DISCUSSIONS HAVE BEEN UNDERWAY SINCE INCORPORATION IN SUPPORT OF THE MISSION. IN THE FUTURE, THE ORGANIZATION INTENDS TO (1) ADD AN INDEPENDENT MEDICAL ADVISORY GROUP OF EXPERTS IN BRAIN CANCER ACROSS MULTIPLE DISCIPLINES; (2) SUPPORT RESEARCH AND FUNDING FOR BRAIN CANCER TREATMENT AND CURES; AND (3) PROVIDE FINANCIAL SUPPORT TO FAMILIES OF THOSE WITH BRAIN CANCER. SIGNIFICANT PROGRESS HAS BEEN MADE THERE WAS ONE FUNDRAISING EVENT IN 2025. REVENUE GENERATED FROM ALL IN THESE AREAS. DURING 2023 THE ORGANIZATION ENTERED INTO A PARTNER AGREEMENT WITH FAMILY REACH FOUNDATION AND MADE A GRANT OF $55,000. A GRANT OF $57,000 WAS MADE IN 2024. A GRANT OF $50,000 WAS MADE IN 2025. WITH RESPECT TO SUPPORTING RESEARCH AND FUNDING FOR BRAIN CANCER TREATMENT AND CURES, ANALYSIS CONTINUED IN calendar year 2025 to source projects with transformative treatments and the Trustees expect to provide a grant to results-oriented investigators with the potential to create transformative treatments. The trustees have delayed adding an independent medical advisory group for the time being.

Operating model

Revenue model
Donor-supported. 88% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - 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 revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 93
  • Accountability: 88
  • Sustainability: 80
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52.5%; rating input score 53
  • Program expense ratio: 86.4%; rating input score 86
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 24th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 90.9%; rating input score 91; 55th 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; 64th 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 46.9%; rating input score 89; 89th percentile among comparable filings
  • Total-asset coverage ratio: 7.75; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 39; 39th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 40% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: -23.6% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 24.1% per year; rating input score 100; 87th percentile among comparable filings

Details

  • Where the money goes: 52.5% of revenue deployed · 86.4% of spending went to programs
  • Governance: 5 of 5 board members independent · 5 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $55K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 20 of 21 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 4 filing years from 2022 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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: Mission deployment rate scored 53/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 39/100.