CLIC Foundation

EIN: 844760691 501(c)(3) Medical Research

Minneapolis, MN

Total Revenue
$254,102
Total Expenses
$29
Total Assets
$254,687
Net Assets
$254,687
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Financial Trends

Organization Details

Phone
6123012299
Tax Period
2021-01-01 to 2021-12-31

CLIC Foundation is a small nonprofit in the Medical Research sector that reported $254K in total revenue in fiscal year 2021. The organization ran a surplus of $254K, a strong 100% operating margin.

Mission

The CLIC Foundation was formed to advance childhood cancer research, namely through providing resources to the Childhood Cancer and Leukemia International Consortium (CLIC). CLIC is a group of international researchers who study the role of environmental, genetic, and other risk factors in causing childhood cancers. Specifically, the CLIC Foundation will support CLIC by: 1)facilitating inter-disciplinary, collaborative scientific meetings; 2)developing the infrastructure needed for data pooling and analysis operations; and 3) promoting and enabling dissemination of results.

Program Service Accomplishments

Program 1
Revenue: $252,005

Our efforts in 2021 were focused on obtaining resources and planning for pooling and analyzing of genotype and epidemiologic data from CLIC and other studies of childhood cancer. Our accomplishments...

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Our efforts in 2021 were focused on obtaining resources and planning for pooling and analyzing of genotype and epidemiologic data from CLIC and other studies of childhood cancer. Our accomplishments were as follows:1.We conducted a modest fundraising campaign for the CLIC Foundation. Donors included the Childrens Cancer Research Fund and individuals.2.We acquired outside funds from the National Cancer Institute, the Leukemia & Lymphoma Society, and Love Your Melon that will also be used for pooling and analyzing data. The considerable donation provided by the Childrens Cancer Research Fund was a critical factor in obtaining substantial outside funds.3.We explored boutique software suites as possible solutions for overcoming the legal and regulatory barriers to pooling and analyzing data.4.After determining that the software suites could not overcome data sharing restrictions, we devised an innovative, distributed approach for pooling and analyzing data. This creative approach was a key part of our success in obtaining the highly competitive R01 grant from the National Cancer Institute mentioned above.Note: These accomplishments meet the first and second purposes of the CLIC Foundation as described in the Articles of Incorporation.

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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 (2021)

Revenue Breakdown

Contributions & Grants $252,005
Program Service Revenue $0
Investment Income $2,097
Other Revenue $0
TOTAL REVENUE $254,102

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $29
TOTAL EXPENSES $29

Year-over-Year Comparison

2021 2020 Change
Revenue $254,102 N/A N/A
Expenses $29 N/A N/A
Net Income $254,073 N/A N/A
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
5
Independent Members
5
Employees
N/A
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
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Logan G Spector President 1.00
Officer Director
$0 $0 $0
Catherine Metayer Vice President 1.00
Officer Director
$0 $0 $0
Michael E Scheurer Treasurer 1.00
Officer Director
$0 $0 $0
Julia E Heck Secretary 1.00
Officer Director
$0 $0 $0
Maria S Pombo-de-Oliveira Director 1.00
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
2021 $254,102 $29 $254,687 $254,073
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