BELIEVE IN A CURE INC

EIN: 843876764 501(c)(3) Health Care

PORT WASHINGTON, NY

Total Revenue
$1,775,333
Total Expenses
$1,361,639
Total Assets
$3,034,496
Net Assets
$2,840,871
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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
2019
Legal Domicile
NY
Principal Officer
SCOTT REICH
Phone
5163303444
Tax Period
2024-01-01 to 2024-12-31

BELIEVE IN A CURE INC, founded in 2019, is a community nonprofit in the Health Care sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $414K, a strong 23% operating margin.

Mission

THE ORGANIZATION AIMS TO SUPPORT THE CARE AND TREATMENT OF INDIVIDUALS DIAGNOSED WITH FOXG1 SYNDROME AND SIMILAR DISORDERS, AS WELL AS RAISING PUBLIC AWARENESS REGARDING SUCH ISSUES, AND TO SUPPORT RESEARCH AND DEVELOPMENT OF LEARNINGS AND METHODS TO IMPROVE THE QUALITY OF LIFE FOR PATIENTS WITH SUCH DISORDERS. THE ORGANIZATION INTENDS TO GRANT FUNDS TO INDIVIDUALS AND ORGANIZATIONS SEEKING, THROUGH RESEARCH, DEVELOPMENT AND TREATMENT, TO SUPPORT PATIENTS WITH FOXG1 SYNDROME AND SIMILAR DISORDERS.

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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 $1,667,493
Program Service Revenue $0
Investment Income $107,840
Other Revenue $0
TOTAL REVENUE $1,775,333

Expense Breakdown

Grants Paid $82,466
Salaries & Benefits $240,858
Fundraising Expenses $102,944
Program Expenses $1,208,983
Other Expenses $1,038,315
TOTAL EXPENSES $1,361,639

Year-over-Year Comparison

2024 2023 Change
Revenue $1,775,333 $1,536,850 +0.2%
Expenses $1,361,639 $1,317,022 +0.0%
Net Income $413,694 $219,828 +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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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
8
Independent Members
8
Employees
3
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
$97,346
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT REICH PRESIDENT 20.00
Officer Director
$0 $0 $0
DANIEL REICH CFO 3.00
Officer Director
$0 $0 $0
STEVEN GLASS DIRECTOR 2.00
Director
$0 $0 $0
GARY MELTZER DIRECTOR 2.00
Director
$0 $0 $0
COLLEEN O'BRIEN DIRECTOR 2.00
Director
$0 $0 $0
ANDREW REICH DIRECTOR 2.00
Director
$0 $0 $0
JESSE REICH DIRECTOR 2.00
Director
$0 $0 $0
ANDREW WIENER DIRECTOR 2.00
Director
$0 $0 $0
MEGHAN GEORGE EXECUTIVE DIRECTOR (TO 10/24) 40.00
Officer
$85,167 $0 $85,167
JENNIFER TUCHOLSKI EXECUTIVE DIRECTOR (FROM 11/24) 40.00
Officer
$12,179 $0 $12,179
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 $1,775,333 $1,361,639 $3,034,496 $413,694
2023 $1,536,850 $1,317,022 $2,437,787 $219,828
2022 $954,941 $550,862 $2,210,146 $404,079
2021 $1,118,890 $362,027 $1,797,952 $756,863
2020 $1,058,054 $122,156 $1,049,311 $935,898
2019 $110,574 $65 $110,509 $110,509
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