ACCELERATED CURE PROJECT INC

EIN: 043555864 501(c)(3) Diseases & Disorders

WALTHAM, MA

Total Revenue
$2,353,319
Total Expenses
$2,043,990
Total Assets
$3,269,932
Net Assets
$2,746,769
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
MA
Principal Officer
SARA LOUD
Phone
7814870008
Tax Period
2023-01-01 to 2023-12-31

ACCELERATED CURE PROJECT INC, founded in 2001, is a community nonprofit in the Diseases & Disorders sector that reported $2.4M in total revenue in fiscal year 2023. Expenses of $2.0M left a modest 13% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO ACCELERATE RESEARCH EFFORTS TO IMPROVE DIAGNOSIS, TO OPTIMIZE TREATMENT, AND TO CURE MULTIPLE SCLEROSIS.

Program Service Accomplishments

Program 1
Expenses: $1,575,859 Revenue: $428,838

SCIENTIFIC COLLABORATION AIMS TO ACCELERATE PROGRESS TOWARDS A CURE FOR MULTIPLE SCLEROSIS (MS) AND TO IMPROVE HEALTH, HEALTHCARE AND QUALITY OF LIFE FOR PEOPLE AFFECTED BY MS BY STIMULATING AND...

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SCIENTIFIC COLLABORATION AIMS TO ACCELERATE PROGRESS TOWARDS A CURE FOR MULTIPLE SCLEROSIS (MS) AND TO IMPROVE HEALTH, HEALTHCARE AND QUALITY OF LIFE FOR PEOPLE AFFECTED BY MS BY STIMULATING AND ENABLING RESEARCH, THROUGH THE PROVISION OF MUCH-NEEDED RESOURCES, AND CREATING NETWORKING OPPORTUNITIES ACROSS ALL MS STAKEHOLDERS TO SPARK NEW IDEAS AND CATALYZE UNFORESEEN CONNECTIONS. A KEY COMPONENT OF THIS PROGRAM IS THE ICONQUERMS PEOPLE-POWERED RESEARCH NETWORK IN WHICH THE INPUT AND DATA CONTRIBUTED BY NETWORK PARTICIPANTS SHAPES AND ACCELERATES RESEARCH ON TOPICS THAT MATTER MOST TO PEOPLE AFFECTED BY MS.

Program 2
Expenses: $100,155 Revenue: $0

COMMUNITY BUILDING: WE HAVE AN EXTENSIVE COMMUNITY OF PARTICIPATING MS STAKEHOLDERS CONSISTING OF PEOPLE WITH MS, THEIR FRIENDS AND FAMILIES, CLINICIANS, SCIENTISTS AND RESEARCHERS, MS-RELATED...

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COMMUNITY BUILDING: WE HAVE AN EXTENSIVE COMMUNITY OF PARTICIPATING MS STAKEHOLDERS CONSISTING OF PEOPLE WITH MS, THEIR FRIENDS AND FAMILIES, CLINICIANS, SCIENTISTS AND RESEARCHERS, MS-RELATED CORPORATIONS, AND OTHER INTERESTED PARTIES. EMAIL UPDATES ON THE PROGRESS OF RESEARCH, COLLABORATION, AND OTHER INFORMATION OF INTEREST ARE SENT OUT REGULARLY. PRODUCTION OF A SEASONAL NEWSLETTER IS DISTRIBUTED QUARTERLY. OUR GROUP OF VOLUNTEERS HAS FORMED A CORE COMMUNITY OF ACTIVE HELPERS. OUR CONNECTIONS TO PEOPLE AFFECTED BY MS AND OTHER MS STAKEHOLDERS ARE ESSENTIAL FOR BUILDING AND ACCELERATING RESEARCH THROUGH OUR BIOBANK/REPOSITORY AND ICONQUERMS PEOPLE-POWERED RESEARCH NETWORK.

Program 3
Expenses: $140,938 Revenue: $32,501

TISSUE BANK/REPOSITORY: WE HAVE RECRUITED OVER 3,000 SUBJECTS WITH AND WITHOUT MS AND OTHER DEMYELINATING DISEASES WHO HAVE DONATED BLOOD SAMPLES AND PROVIDED MEDICAL AND EPIDEMIOLOGICAL DATA THAT...

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TISSUE BANK/REPOSITORY: WE HAVE RECRUITED OVER 3,000 SUBJECTS WITH AND WITHOUT MS AND OTHER DEMYELINATING DISEASES WHO HAVE DONATED BLOOD SAMPLES AND PROVIDED MEDICAL AND EPIDEMIOLOGICAL DATA THAT ARE STORED IN THE REPOSITORY AND MADE AVAILABLE TO RESEARCHERS IN EXCHANGE FOR THE DATA THEY GENERATE FROM THEIR STUDIES THAT USE THE SAMPLES. THE GOAL OF THE REPOSITORY IS TO PROVIDE RESEARCHERS WITH ACCESS TO A LARGE NUMBER OF BIOLOGICAL SAMPLES AND DATA, THAT WOULD OTHERWISE NOT BE AVAILABLE, AND TO THE AGGREGATED DATA THAT IS GENERATED FROM THE STUDIES IN ORDER THAT THEY CAN DETERMINE THE CAUSES AND MECHANISMS OF MS AND RELATED DISEASES AND THE EFFECTS OF TREATMENTS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,820,285
Program Service Revenue $462,433
Investment Income $51,816
Other Revenue $18,785
TOTAL REVENUE $2,353,319

Expense Breakdown

Grants Paid $0
Salaries & Benefits $867,083
Fundraising Expenses $108,975
Program Expenses $1,816,952
Other Expenses $1,176,907
TOTAL EXPENSES $2,043,990

Year-over-Year Comparison

2023 2022 Change
Revenue $2,353,319 $2,275,860 +0.0%
Expenses $2,043,990 $1,770,546 +0.2%
Net Income $309,329 $505,314 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
10
Volunteers
70

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$463,462
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA KANNER DIRECTOR 1.00
Director
$0 $0 $0
MELANIE DRAYTON DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL MIDDLEBROOK DIRECTOR 1.00
Director
$0 $0 $0
KRISTY DES ROIS DIRECTOR 1.00
Director
$0 $0 $0
DEEPAK GROVER DIRECTOR 1.00
Director
$0 $0 $0
LISA BUETTNER DIRECTOR 1.00
Director
$0 $0 $0
AAKRUTI GORDE DIRECTOR 1.00
Director
$0 $0 $0
PATRICK CURLEY BOARD CHAIR 1.00
Officer
$0 $0 $0
ROBERT MCBURNEY CHIEF RESEARCH OFFICER 50.00
Officer
$122,546 $0 $122,546
HOLLIE SCHMIDT VP OF SCIENTIC OPS. 50.00
Officer
$144,603 $23,513 $168,116
SARA LOUD CEO/PRESIDENT 50.00
Officer
$172,800 $0 $172,800
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,353,319 $2,043,990 $3,269,932 $309,329
2022 $2,275,860 $1,770,546 $2,712,613 $505,314
2021 $1,739,123 $1,682,378 $2,403,217 $56,745
2020 $1,811,229 $1,290,731 $1,999,664 $520,498
2019 $1,927,849 $1,602,118 $1,555,671 $325,731
2018 $1,330,972 $1,398,221 $995,820 $-67,249
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