THE FOUNDATION FOR EMBRYONIC COMPETENCE INC

EIN: 463032063 501(c)(3) Medical Research

BASKING RIDGE, NJ

Total Revenue
$60,778
Total Expenses
$1,351,782
Total Assets
$13,627,794
Net Assets
$13,469,118
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NJ
Principal Officer
CHAIM G JALAS
Phone
9085801200
Tax Period
2023-10-01 to 2024-09-30

THE FOUNDATION FOR EMBRYONIC COMPETENCE INC, founded in 2013, is a micro nonprofit in the Medical Research sector that reported $61K in total revenue in fiscal year 2023. Expenses of $1.4M exceeded revenue, resulting in a 2124% operating deficit.

Mission

TECHNOLOGY (ART) CLINICS.PROVIDING BROAD ACCESS TO SINGLE GENE DISORDER DIAGNOSTICS SO THAT INDIVIDUAL WITH A KNOWN GENETIC CONDITION CAN HAVE THEIR EMBRYOS EVALUATED TO IMPROVE THEIR LIKELIHOOD OF HAVING A BABY WHO IS NOT AFFECTED BY THE GENETIC CONDITIONSPONSORING RESEARCH THAT ADVANCES THE FIELD OF EMBRYONIC COMPETENCE AND PROVIDES A CLEAR PATHWAY TO IMPROVED CLINICAL OUTCOMES AND REDUCED COMPLICATIONS FOR IVF PATEINTS.SUPPORTING CONTINUING MEDICAL EDUCATION (CME), GRADUATE-LEVEL EDUCATIONAL INITIATIVES, AND OTHER EDUCATIONAL ACTIVITIES TO ADVANCE OUR UNDERSTANDING AND THE APPLICATION OF EMBRYONIC DIAGNOSTICS AROUND THE WORLD.

Program Service Accomplishments

Program 1
Expenses: $1,180,086 Revenue: $-1,439,222

ENHANCED EMBRYO DIAGNOSTIC TESTING SERVICES; SPONSORED AND ISSUED GRANTS FOR RESEARCH INTO NEW DIAGNOSTICS AND NEW TECHNOLOGIES; PROVIDE CONTINUING MEDICAL EDUCATION AND GRADUATE FELLOWSHIP EDUCATION...

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ENHANCED EMBRYO DIAGNOSTIC TESTING SERVICES; SPONSORED AND ISSUED GRANTS FOR RESEARCH INTO NEW DIAGNOSTICS AND NEW TECHNOLOGIES; PROVIDE CONTINUING MEDICAL EDUCATION AND GRADUATE FELLOWSHIP EDUCATION RELATED TO MISSION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $58,878
Other Revenue $1,900
TOTAL REVENUE $60,778

Expense Breakdown

Grants Paid $574,500
Salaries & Benefits $494,294
Fundraising Expenses $0
Program Expenses $1,180,086
Other Expenses $282,988
TOTAL EXPENSES $1,351,782

Year-over-Year Comparison

2023 2022 Change
Revenue $60,778 $-3,532,420 -1.0%
Expenses $1,351,782 $1,387,565 0.0%
Net Income $-1,291,004 $-4,919,985 -0.7%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
4
Volunteers
N/A

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
$225,000
Total Directors
7
$225,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YIPING ZHAN BIOINFORMATICS 40.00
Director
$0 $0 $0
DAVID SHARPELL CONTORLLER 30.00
Director
$0 $0 $0
XIN TAO RESEARCH 40.00
Director
$0 $0 $0
WILLIAM CHOW TREASURER 1.00
Officer Director
$0 $0 $0
LYN JACOBSON SECRETARY 1.00
Officer Director
$0 $0 $0
CHAIM JALAS PRESIDENT & COO 40.00
Officer Director
$0 $0 $0
RICHARD SCOTT SCIENTIFIC DIRECTOR 40.00
Officer Director
$225,000 $0 $225,000
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 $60,778 $1,351,782 $13,627,794 $-1,291,004
2023 $-3,532,420 $1,387,565 $14,752,429 $-4,919,985
2022 $7,260,831 $4,653,715 $16,430,730 $2,607,116
2021 $15,272,541 $8,009,129 $27,223,706 $7,263,412
2020 $5,787,769 $6,938,014 $20,006,242 $-1,150,245
2019 $5,872,571 $7,812,065 $21,003,256 $-1,939,494
2018 $5,963,159 $6,568,585 $23,560,103 $-605,426
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