IBC Network Foundation

EIN: 383850833 501(c)(3) Philanthropy & Grantmaking

Sealy, TX

Total Revenue
$229,157
Total Expenses
$240,754
Total Assets
$79,660
Net Assets
$79,660
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
TX
Principal Officer
Terry Arnold
Phone
2817975578
Tax Period
2024-01-01 to 2024-12-31

IBC Network Foundation, founded in 2011, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $229K in total revenue in fiscal year 2024.

Mission

The IBC Network Foundation funds research for Inflammatory Breast Cancer and provides proactive education to the general public and the medical community regarding Inflammatory Breast Cancer.

Program Service Accomplishments

Program 1
Expenses: $209,480

The IBC Network Foundation is intensely focused on funding high-quality research on inflammatory and triple-negative breast cancer. Inflammatory breast cancer is an orphaned form of breast cancer due...

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The IBC Network Foundation is intensely focused on funding high-quality research on inflammatory and triple-negative breast cancer. Inflammatory breast cancer is an orphaned form of breast cancer due to its rareness and high fatality rate. Typically striking younger women, at a late-stage presentation, 30% of the women are also diagnosed with triple negative. This combination is highly difficult to treat successfully. In 2024, IBC funded $45,302 to secure an endowment in memory of Dr. Lori Gill Grennan at The Arthur G. James Cancer Hospital and Richard J. Solove Research Institute at Ohio State. See Schedule O for continuation.This funding supports education, research, and clinical activities for inflammatory breast cancer and/or program promotion or operational costs related to the inflammatory breast cancer program at Ohio State University, the first of its kind in Ohio.This year, IBC offered a matching grant of $5,000 to MD Anderson Cancer Center for its Boot Walk for the IBC program as part of its institution's fundraising challenge. Additionally, we offered a matching grant of $5,000 to Dana Farber for its Jimmy Walk to support its program's fundraising efforts for research. In 2024, IBC funded $30,000 for research.We resumed physical meetings and hosted meetups all over the U.S. We have continued to host Zoom calls twice a month to help patients living with IBC better connect to the best possible research and care options. Additionally, we have continued our planned "Ultimate Meets" program. In the fall of 2024, IBC hosted an Ultimate Meetup in Boston, MA, a weekend-long event. The event was well received, and over 55 guests attended. We started the event with a lab tour at Dana-Farber, discussing the research program and lab on Friday afternoon. Over the weekend, we had a full program featuring physicians, researchers, caregivers, and patient testimonials until the wrap-up on Sunday morning.We have continued a podcast called "Talk IBC", interviewing patients, researchers, medical personnel, counselors, and others who can provide information and education to those interested in our mission.We are especially proud to have graduated 20 more advocates via the course for the IBC Learning Academy. This course was written in cooperation with MD Anderson's Morgan Welch Clinic for Inflammatory Breast Cancer. Our goal is to reach a diverse target audience of patients and professionals passionate about improving the lives of those affected by IBC. Trained advocates will be empowered to promote the unique needs of IBC patients by improving access to specialty care, increasing education around clinical trials, and participating in lobbying. Advocates may also serve on decision-making boards of local, state, and national organizations, committees, and Institutional Review Boards. We have had over 70 people complete the course.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $229,157
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $229,157

Expense Breakdown

Grants Paid $121,351
Salaries & Benefits $0
Fundraising Expenses $3,929
Program Expenses $209,480
Other Expenses $119,403
TOTAL EXPENSES $240,754

Year-over-Year Comparison

2024 2023 Change
Revenue $229,157 $224,472 +0.0%
Expenses $240,754 $191,607 +0.3%
Net Income $-11,597 $32,865 -1.4%
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
3
Independent Members
3
Employees
N/A
Volunteers
50

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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Terry Arnold Chair 40.00
Officer Director
$0 $0 $0
Laurie Main Treasurer and Secretary 5.00
Officer Director
$0 $0 $0
Virginia Finn-Lenhardt Secretary (thru. 7/24) 2.00
Officer Director
$0 $0 $0
Paticia Vickery Director-at-Large 2.00
Director
$0 $0 $0
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
2025 No data No data No data No data
2024 $229,157 $240,754 $79,660 $-11,597
2023 $224,472 $191,607 $91,257 $32,865
2022 $212,543 $225,874 $58,392 $-13,331
2021 $225,370 $222,354 $71,723 $3,016
2019 $346,643 $316,178 $58,904 $30,465
2018 $334,094 $320,573 $28,439 $13,521
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