AVENI FOUNDATION

EIN: 830731767 501(c)(3) Medical Research

SANTA MONICA, CA

Total Revenue
$1,148,817
Total Expenses
$696,537
Total Assets
$841,340
Net Assets
$833,890
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
WA
Phone
8187263278
Tax Period
2024-01-01 to 2024-12-31

AVENI FOUNDATION, founded in 2018, is a community nonprofit in the Medical Research sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $452K, a strong 39% operating margin.

Mission

THE AVENI FOUNDATION IS COMMITTED TO EXPEDITING DEVELOPMENT OF GENE-TARGETED THERAPIES FOR METASTATIC CANCERS AND OTHER UNMET MEDICAL NEEDS.

Program Service Accomplishments

Program 1
Expenses: $630,250

THE AVENI FOUNDATION REPORTED THE PERFORMANCE OF TWO CLINICAL STUDIES:1. Compassionate Use of Intravenous DeltaRex-G Tumor-Targeted Retrovector Bearing a Cytocidal Dominant Negative Cyclin G1...

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THE AVENI FOUNDATION REPORTED THE PERFORMANCE OF TWO CLINICAL STUDIES:1. Compassionate Use of Intravenous DeltaRex-G Tumor-Targeted Retrovector Bearing a Cytocidal Dominant Negative Cyclin G1 Inhibitor for Advanced Sarcoma, Pancreatic Cancer, Non-small Cell Lung Cancer, Breast Cancer, Cholangiocarcinoma, Basal Cell Carcinoma (Single Use INDs)2. Blessed: Expanded Access for DeltaRex-G for Advanced Pancreatic Cancer, Sarcoma and Carcinoma of Breast for an Intermediate Size Population (NCT04091295)Twenty-six patients were enrolled, 15 sarcoma, 4 pancreatic adenocarcinoma, 1 non-small cell lung cancer, 3 breast carcinoma, 1 prostate cancer, 1 cholangiocarcinoma and 1 basal cell carcinoma. Fifteen patients were enrolled in Study 1 single patient IND, 11 patients were enrolled in Study 2. Three patients were initially enrolled in Study 2 and later enrolled in Study 1. Twenty-one of 26 enrolled patients were treated with DeltaRex-G monotherapy or in combination with FDA approved cancer therapies. Three of the 21 patients treated with DeltaRex-G and FDA approved drugs were also treated with SNK01 autologous enhanced natural killer cell therapy.Eight of 11 (73%) patients treated with DeltaRex-G + FDA approved drugs are alive 7-59 months from treatment initiation, 2 with breast cancer are alive in complete remission, 1 with breast cancer with partial response, 4 with sarcoma are alive with partial response or stable disease, 1 with basal cell carcinoma is alive with partial response. Two patients with Stage 4 pancreatic adenocarcinoma who initially failed standard chemotherapy and who were treated with DeltaRex-G and low dose chemo lived 8.5-9.5 months, which is similar to the median survival duration of pancreatic cancer patients receiving first line therapy. One patient with liposarcoma who was treated with DeltaRex-G and low dose chemo lived 12 months, which is similar to the median survival duration of sarcoma patients receiving first line therapy. None of the Stage 4 patients treated with DeltaRex-G alone are alive.

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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 $1,143,034
Program Service Revenue $0
Investment Income $5,783
Other Revenue $0
TOTAL REVENUE $1,148,817

Expense Breakdown

Grants Paid $0
Salaries & Benefits $43,331
Fundraising Expenses $2,600
Program Expenses $630,250
Other Expenses $653,206
TOTAL EXPENSES $696,537

Year-over-Year Comparison

2024 2023 Change
Revenue $1,148,817 $708,687 +0.6%
Expenses $696,537 $471,672 +0.5%
Net Income $452,280 $237,015 +0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
5
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
$9,200
Total Directors
4
$9,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REBECCA REED QUALITY CONTROL 40.00
$111,265 $0 $111,265
MARCE MCKINNON Secretary 0.50
Officer Director
$5,200 $0 $5,200
MARK MASTERS Treasurer 0.50
Officer Director
$4,000 $0 $4,000
ERLINDA GORDON President 30.00
Officer Director
$0 $0 $0
LANCE OSTENDORF VICE CHAIR 0.50
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
2025 No data No data No data No data
2024 $1,148,817 $696,537 $841,340 $452,280
2023 $708,687 $471,672 $381,884 $237,015
2021 $350,369 $165,389 $249,693 $184,980
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