2024-11-14T14:20:32-07:00 2023-12-31 990 2023-01-01 830392250 NATIONAL STEM CELL FOUNDATION INC NATI 5023798544 101 South 5th Street Suite 1605 Louisville KY 40202 Diane Cornwell CFO 5025007849 2024-11-14 1 2023 2024-10-15 13:58:12Z X Paula Grisanti 101 South 5th Street Suite 1605 Louisville KY 40202 1558305 0 X www.nationalstemcellfoundation.org X 2003 DC See schedule O. 5 3 4 4 0 0 1380991 748006 411000 511000 73610 81912 0 0 1865601 1340918 940350 829283 0 0 258569 183317 0 0 132469 1181893 641889 2380812 1654489 -515211 -313571 7677199 7712406 429384 701979 7247815 7010427 X See schedule O. 0 0 1413669 829283 511000 See Schedule O 0 0 0 1413669 1 1 0 1 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 13 0 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X Dr Paula Grisanti 5023798544 101 South 5th Street Suite 1605 Louisville KY 40202 Paula Grisanti CEO 50.00 X X 100000 0 0 Diane Cornwell Chief Financial Officer 2 X 16350 0 0 Michael Grisanti Director 2 X 0 0 0 John M Cranor III Director 0.1 X 0 0 0 Dennis Riggs Secretary/Treasurer 0.5 X X 0 0 0 Bruce S Wolff Chairman 1.5 X X 0 0 0 116350 0 0 1 0 0 0 Stites and Harbison PLLC 400 W Market St STE 1800 Louisville KY 40202 Legal Services 166390 1 0 0 0 0 225000 523006 202165 748006 Program Related Assets 900099 511000 511000 0 0 0 0 0 0 511000 73952 0 0 73952 0 0 0 0 0 0 0 0 0 0 225347 0 217387 0 7960 0 7960 0 0 7960 0 0 1340918 511000 0 81912 829283 829283 118350 96116 17234 5000 47366 41734 3264 2368 5940 4394 359 1187 11661 8627 704 2330 125628 119526 6102 45400 3995 41405 22500 22500 6827 6827 128818 31395 2130 95293 13469 12468 101 900 12993 9897 2181 915 16452 16452 35642 23126 11256 1260 11025 11025 0 0 800 800 1141 750 350 41 35219 27731 6813 675 Space Research 165325 165325 0 0 Professional Memberships 6900 6900 0 0 Other Program Related Expenses 13750 13750 0 0 1654489 1413669 108351 132469 581458 398039 15000 76000 15430 7587 92081 90830 2392 1251 1396396 1533415 5666523 5696114 7677199 7712406 101892 35910 327492 666069 0 429384 701979 X 7242815 7010427 5000 0 7247815 7010427 7677199 7712406 -313571 76183 0 0 0 0 X X 0 1 X 1 0 X 2326956 942507 1241450 1380991 748006 6639910 650000 130000 280000 1060000 2976956 942507 1371450 1660991 748006 7699910 1506387 6193523 48906 13779 12103 34383 73952 183123 341 341 7883374 922000 0.78564 0.7426 X Schedule A, Part II, Line 10 Miscellaneous Income RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 26012 0 0 26012 0 Schedule C, Part II-B, Line 1 DURING 2023, NSCF ENGAGED A LOBBYING FIRM TO ASSIST IN MAKING CONTACTS WITH STATE AND FEDERAL LEGISLATORS REGARDING ORGANIZATION'S ACTIVITIES IN FURTHERING RESEARCH IN SPACE AND TO REQUEST POSSIBLE FUNDING SUPPORT. 0 0 0 0 0 0 0 0 5476 5476 0 0 86605 85354 1251 0 0 0 0 1251 CRITICAL REAGENTS 5696114 C 5696114 0 X 1583805 76183 166704 0 0 242887 1340918 0 0 0 1340918 1821193 166704 0 0 0 166704 1654489 0 0 0 1654489 Schedule D, Part X, Line 2 "THE FOUNDATION HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE INDICATING THAT IT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. THE FOUNDATION RECOGNIZES UNCERTAIN INCOME TAX POSITIONS USING THE "MORE-LIKELY-THAN-NOT" APPROACH AS DEFINED IN THE ASC. NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS." 1 DUKE UNIVERSITY HEALTH SYSTEM PO BOX 90581 DURHAM NC 27708 562070036 501(C)(3) 200000 ON FILE NY STEM CELL FOUNDATION 619 W 54TH STREET NEW YORK NY 10019 202905531 501(C)(3) 129283 ON FILE WESTERN KENTUCKY UNIVERSITY FOUNDATION 292 ALUMNI AVENUE BOWLING GREEN KY 42101 611251555 501(C)(3) 200000 ON FILE NATIONAL MS SOCIETY PO BOX 91891 WASHINGTON DC 20090 135661935 501(C)(3) 300000 ON FILE 4 0 Schedule I, Part I, Line 2 THE ORGANIZATION MEETS REGULARLY WITH REPRESENTATIVES FROM THE GRANT RECIPIENT(S) AND RECEIVES UPDATES AND REPORTS REGARDING EXPENDITURE OF THE FUNDS. X 2 202165 FMV 0 0 0 Form 990, Part I, Line 1 NSCF FUNDS ADULT STEM CELL AND REGENERATIVE MEDICINE RESEARCH, CONNECTS CHILDREN WITH LIMITED RESOURCES TO CLINCIAL TRIALS FOR RARE DISEASES, AND UNDERWRITES A PROFESSIONAL DEVELOPMENT PROGRAM FOR MIDDLE SCHOOL SCIENCE TEACHERS INSPIRING THE NEXT GENERATION OF STEM PIONEERS NATIONWIDE. Form 990, Part III, Line 1 NSCF FUNDS ADULT STEM CELL AND REGENERATIVE MEDICINE RESEARCH, CONNECTS CHILDREN WITH LIMITED RESOURCES TO CLINICAL TRIALS FOR RARE DISEASES, AND UNDERWRITES A PROFESSIONAL DEVELOMENT PROGRAM FOR MIDDLE SCHOOL SCIENCE TEACHERS INSPIRING THE NEXT GENERATION OF STEM PIONEERS NATIONWIDE. Form 990, Part III, Line 4a ACCOMPLISHMENTS INCLUDE DEVELOPMENT OF A COLLABORATIVE PROJECT BETWEEN FUNDED RESEARCHERS ON BOTH COASTS FOR A FIRST-IN-KIND STUDY OF NEURODEGENERATION ON THE INTERNATIONAL SPACE STATION (ISS), THE CO-FUNDING OF ADVANCED PET SCAN TECHNOLOGY RESEARCH WITH THE NATIONAL MS SOCIETY, AND THE DESIGN AND DEVELOPMENT OF A DIGITAL LIBRARY OF STEM PROJECT-BASED SCIENCE LESSONS MADE AVAILABLE FREE OF CHARGE FOR TEACHERS, STUDENTS AND PARENTS WORLDWIDE. THROUGH A FUND ESTABLISHED AT THE PEDIATRIC TRANSPLANT AND CELLULAR THERAPY (PTCT) PROGRAM AT DUKE UNIVERSITY, NSCF HELPS COVER INSURANCE DEDUCTIBLES AND CO-PAYS FOR CHILDREN MEDICALLY ELIGIBLE TO PARTICIPATE IN POTENTIALLY LIFE-SAVING CLINICAL TRIALS FOR RARE DISEASES WHEN THOSE OUT-OF-POCKET COSTS ARE BEYOND A FAMILY'S MEANS. CHILDREN FROM ALL OVER THE UNITED STATES AND AROUND THE WORLD TRAVEL TO PTCT FOR ACCESS TO CLINICAL TRIALS FOR RARE, DISABLING AND FATAL DISEASES. THESE ARE CHILDREN WITH NO OTHER TREATMENT OPTIONS AND LIMITED FINANCIAL RESOURCES. NSCF FOUNDED AND UNDERWRITES THE NATIONAL STEM SCHOLAR PROGRAM FOR MIDDLE SCHOOL SCIENCE TEACHERS INSPIRING THE NEXT GENERATION OF STEM PIONEERS NATIONWIDE. NSCF PARTNERS WITH THE GATTON ACADEMY OF MATHEMATICS AND SCIENCE AT WESTERN KENTUCKY UNIVERSITY TO PROVIDE ADVANCED STEM TRAINING, NATIONAL NETWORK BUILDING, "BIG IDEA" PROJECT SUPPORT AND YEARLONG MENTORING FOR SCIENCE TEACHERS MOTIVATING STUDENTS AT THE TIPPING POINT OF LIFELONG SCIENCE INTEREST - MIDDLE SCHOOL.THERE ARE CURRENTLY 80 NATIONAL STEM SCHOLARS IN 33 STATS IMPACTING AN ESTIMATED 104,000 MIDDLE SCHOOL STUDENTS IN THE UNITED STATES BY JUNE 2024. Form 990, Part VI, Section A, Line 2 PAULA GRISANTI, DIRECTOR AND CEO, AND MICHAEL GRISANTI, DIRECTOR, HAVE A FAMILY RELATIONSHIP. Form 990, Part VI, Section A, Line 3 THE ORGANIZATION HAS CONTRACTED ITS FINANCIAL MANAGEMENT OVERSIGHT TO AN OUTSIDE CHIEF FINANCIAL OFFICER AND ITS DAY-TO-DAY FINANCIAL DUTIES TO A CONTRACTED CONTROLLER SUBJECT TO OVERALL SUPERVISION AND CONTROL BY NSCF'S FIDUCIARY BOARD. UNDER AN AGREED UPON ASSET ALLLOCATION, THE MANAGEMENT OF THE INVESTMENT PORTFOLIO HAS BEEN DELEGATED TO AN OUTSIDE FIRM. Form 990, Part VI, Section B, Line 11b FORM 990 WAS PREPARED BY THE CONTRACT CONTROLLER AND REVIEWED IN DETAIL BY THE CONTRACT CFO, BOARD CHAIR AND CEO. A COPY WAS PROVIDED TO ALL BOARD MEMBERS PRIOR TO IRS FILING. Form 990, Part VI, Section B, Line 12c UNDER THE POLICY, INTERESTED PERSONS ARE REQUIRED TO UPDATE THE CHAIRMAN OF THE BOARD OF DIRECTORS REGARDING INTERESTS AND RELATIONSHIPS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST. FOR EACH INTEREST DISCLOSED TO THE CHAIRMAN OF THE BOARD OF DIRECTORS, THE CHAIRMAN WOULD DETERMINE WHETHER TO: (A) TAKE NO ACTION; (B) ASSURE FULL DISCLOSURE TO THE BOARD OF DIRECTORS AND OTHER INDIVIDUALS COVERED BY THE POLICY; (C) ASK THE PERSON TO RECUSE THEMSELVES FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS WITHIN THE ORGANIZATION; OR (D) ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION IN THE OGRANIZATION OR, IF THE PERSON REFUSES TO RESIGN, BECOME SUBJECT TO POSSIBLE REMOVAL IN ACCORDANCE WITH THE ORGANIZATION'S REMOVAL PROCEDURES. THE ORGANIZATION'S EMPLOYED CHIEF EXECUTIVE AND CHIEF FINANCE EXECUTIVE MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE CHAIRMAN OF THE BOARD OF DIRECTORS IN ORDER TO DEAL WITH POTENTIAL OR ACTUAL CONFLICTS, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTION HAS OCCURRED. Form 990, Part VI, Section B, Line 15 THE BOARD ENGAGED AN OUTSIDE CONSULTING FIRM IN 2015 TO DETERMINE AN APPROPRIATE SALARY RANGE FOR THE CEO POSITION. A BOARD APPROVED SALARY WAS ESTABLISHED BASED ON THEIR GUIDANCE AND NO SALARY ADJUSTMENT WAS MADE UNTIL MARCH 2020 WHEN THE SALARY WAS REDUCED DUE TO UNCERTAINTIES RELATED TO COVID RIPPLE EFFECTS AND ENSUING MATTERS. THERE HAS BEEN NO ADJUSTMENT SINCE 2020. CONTRACTED CFO AND CONTRACTED CONTROLLER ARE PAID ON AN HOURLY BASIS CONSISTENT WITH LOCAL MARKET RATES. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XII, Line 2c THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE ORGANIZATION'S BOARD OF DIRECTORS CONTINUES TO SELECT THE INDEPENDENT AUDITOR. THE BOARD CONTINUES TO MEET WITH THE INDEPENDENT AUDITOR AT THE CONCLUSION OF THE ANNUAL AUDIT.