THE MED13L FOUNDATION INC

EIN: 822469441 501(c)(3) Medical Research

BARRINGTON, NJ

Total Revenue
$608,940
Total Expenses
$201,203
Total Assets
$739,788
Net Assets
$739,788
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NJ
Principal Officer
KATHLEEN BARRY BOYCHUCK
Phone
8565345470
Tax Period
2023-01-01 to 2023-12-31

THE MED13L FOUNDATION INC, founded in 2017, is a small nonprofit in the Medical Research sector that reported $609K in total revenue in fiscal year 2023. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $408K, a strong 67% operating margin.

Mission

THE MISSION OF THE CORPORATION IS TO: (A) INCREASE AWARENESS WITHIN LOCAL, NATIONAL AND INTERNATIONAL COMMUNITIES ABOUT MED 13L AND PROVIDE ACCURATE INFORMATION TO PATIENTS, FAMILIES, AND MEDICAL PROFESSIONALS; (B) RAISE AND PROVIDE CRUCIAL FUNDING FOR RESEARCH, DEVELOPMENT, AND ADVANCEMENTS IN UNDERSTANDING MED13L; (C) DEEPEN THE UNDERSTANDING OF THE UNDERLYING CAUSES OFMEDL3L AND DISCOVER EFFECTIVE TREATMENTS AND CURE, INCLUDING BY COLLABORATING WITH SCIENTISTS, RESEARCHERS, AND MEDICAL INSTITUTIONS TO SUPPORT STUDIES AIMED AT UNDERSTANDING MED13L BETTER, IDENTIFYING POTENTIAL TREATMENTS, AND IMPROVING THE QUALITY OF LIFE FOR AFFECTED INDIVIDUALS; ( D) DEVELOP EDUCATIONAL MATERIALS, HOST AWARENESS CAMPAIGNS, AND ORGANIZE WORKSHOPS OR CONFERENCES TO DISSEMINATE KNOWLEDGE ABOUT MED13L; (E) CREATE A SUPPORT NETWORK FOR INDIVIDUALS AND FAMILIES AFFECTED BY MEDL3L;

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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 $602,092
Program Service Revenue $0
Investment Income $15,732
Other Revenue $-8,884
TOTAL REVENUE $608,940

Expense Breakdown

Grants Paid $163,258
Salaries & Benefits $0
Fundraising Expenses $2,181
Program Expenses $163,258
Other Expenses $37,945
TOTAL EXPENSES $201,203

Year-over-Year Comparison

2023 2022 Change
Revenue $608,940 $323,934 +0.9%
Expenses $201,203 $41,607 +3.8%
Net Income $407,737 $282,327 +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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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
Volunteers
10

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
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICK SEAVER PRESIDENT 5.00
Officer Director
$0 $0 $0
KELLY SEXTON VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
KATHLEEN BARRY BOYCHUCK TREASURER 10.00
Officer Director
$0 $0 $0
KIM SOKORAI TRUSTEE 5.00
Director
$0 $0 $0
VANESSA DIAS TRUSTEE 10.00
Director
$0 $0 $0
JENNIFER ROBERTSON SECRETARY 10.00
Officer 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
2024 No data No data No data No data
2023 $608,940 $201,203 $739,788 $407,737
2022 $323,934 $41,607 $332,051 $282,327
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