Perseus Foundation Inc in Gaithersburg, Maryland (MD)

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Perseus Foundation Inc
Employer Identification Number (EIN)311658057
Name of OrganizationPerseus Foundation Inc
In Care of NameVictoria Brown Barquero
Address9810 Dairyton Ct, Gaithersburg, MD 20886-1101
SubsectionCharitable Organization
Ruling Date08/1999
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$118,136
Amount of Income$138,294
Form 990 Revenue Amount$37,990
National Taxonomy of Exempt Entities (NTEE)Medical Research: Cancer Research


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Amount of income in 2013: $138,294 (it was $137,044 in 2012)
Perseus Foundation Inc: 

 $138,294
Other organizations performing similar types of work: 

 $84,219

Assets in 2013: $118,136 (it was $69,298 in 2012)
Perseus Foundation Inc: 

 $118,136
Other organizations performing similar types of work: 

 $84,533

Expenses in 2013: $94,512
This organization: 

 $94,512
Other organizations performing similar types of work: 

 $78,823

Income to expenses ratio in 2013: 1.5
Perseus Foundation Inc: 

 1.5
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 98.4%
This organization: 

 98.4%
Other organizations performing similar types of work: 

 100.0%

Financial snapshot ($)

Revenue for 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$138,294$0$0
Contributions, gifts, grants, etc., received$136,073
Interest on savings and temporary cash investments$0
Dividends and interest from securities$0
Gross rents$0
Gross sales price for all assets$0
Gross profit from sales of goods$0
Other income$2,200
Other$21
Total expenses and disbursements$94,512$0$0$0
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$0
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$54
Printing and publications$2,955
Total operating and administrative expenses$94,512$0$0
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$43,781
Net investment income$0
Adjusted net income$0
Balance Sheets
2010201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$3,979$0$1$0$69,298$0$118,136$0
Cash - non-interest-bearing$0$0$69,298$118,136
Investments-U.S. and state government obligations$0$0$0$0
Investments-corporate stock$0$0$0$0
Investments-corporate bonds$0$0$0$0
Investments-mortgage loans$0$0$0$0
Investments-other$0$0$0$0
Other assets$0$0$0
Total liabilities$0$0$0$120,798
Mortgages and other notes payable$0$0$0$0
Other liabilities$0$0$26,285
Total liabilities and net assets/fund balances$3,979$0$69,298$-2,662
Capital Gains and Losses for Tax on Investment Income
2010201120122013
Capital gain net income$0$0$0$0
Net capital loss$0$0$0$0
Excise Tax Based on Investment Income
2010201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNoNo
Tax based on investment income$0$0$0$0
Total credits and payments$0$0$0$0
Any penalty for underpayment of estimated tax$0$0$0$0
Tax due$0$0$0
Overpayment$0$0$0
Amount to be credited to next year's estimated tax$0$0$0$0
Statements Regarding Activities
2010201120122013
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?NoYesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNoNo
Did any persons become substantial contributors during the tax year?NoYesYes
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesNoNo
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNoNo
Statements Regarding Activities for Which Form 4720 May Be Required
2010201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNoNo
Agree to pay money or property to a government official?NoNoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNoNo
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?NoNoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
Minimum Investment Return
2010201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$0$0$5,000$0
Net value of noncharitable-use assets$0$0$0
Minimum investment return$0$0$0$0
Distributable Amount
2010201120122013
Distributable amount$0$0$0$0
Undistributed Income
2010201120122013
Distributable amount for this year$0$0$0$0
Undistributed income for this year. This amount must be distributed in the next year$0$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Gog Foundation Inc, Gog2127 Espey Ct Ste 104, Crofton, MD 21114-2489MD2003-02$29,960,775
2American Cancer Society Inc, Eastern Division Inc2 Lyon Pl, White Plains, NY 10601-5402NY1942-11$187,410,903
3National Foundation For Cancer Research, Cancer Research America Nfcr4600 East West Hwy, Bethesda, MD 20814-3415MD2010-04$15,369,928
4Genesys Research Institute Inc736 Cambridge St, Brighton, MA 02135-2907MA2012-01$7,821,503
5Statewide Clinical Trials Network Of Texas, Ctnet17110 Dallas Pkwy Ste 210, Dallas, TX 75248-1100TX2011-10$5,415,021
6The International Genomics Consortium445 N 5th St Ste 300, Phoenix, AZ 85004-2263AZ2002-02$4,587,292
7Woodlands Doctor Group, Woodlands Health Network17200 St Lukes Way, The Woodlands, TX 77384-8007TX2014-09$4,126,321
8Brem Foundation To Defeat Breast Cancer IncPO BOX 1891, Prnc Frederck, MD 20678-1891MD2006-03$391,580
9National Foundation For Cancer Research Inc, Nfcr Western Chapter4600 East West Highway Suite 525, Bethesda, MD 20814MD2010-04$343,997
10National Foundation For Cancer Research Inc, Nfcr Mid-Atlantic Chapter4600 East West Highway Suite 525, Bethesda, MD 20814MD2010-04$312,127
11Perseus Foundation Inc9810 Dairyton Ct, Gaithersburg, MD 20886-1101MD1999-08$138,294
12International Network For Cancer Treatment And Research Usa1 Research Ct Ste 200, Rockville, MD 20850-3236MD2000-07$104,960
13The Brassica Foundation For Chemopr Otection Research Inc5512 Boxhill Ln, Baltimore, MD 21210-2039MD1998-10$86,513
14Cancer Support Foundation Inc8268 Academy Rd, Ellicott City, MD 21043-5519MD2006-03$80,909
15Miracle For Megan Foundation Inc1011 Grandview Ave, Sykesville, MD 21784-7904MD2010-05$1,415
16American Soc Of Peritoneal Surface Malig11806 Wollingford Ct, Clarksville, MD 21029MD2010-07$0
17C J Michejda Cancer Therapeutics Foundation Inc13814 Hidden Glen Ln, North Potomac, MD 20878-3944MD2014-04$0
18Dream In Color Foundation Inc6124 Macarthur Blvd, Bethesda, MD 20816MD2014-01$0
19Living Proof Inc, Survivor Bowl577 Richard Way, Severna Park, MD 21146MD2014-07$0
20National Foundation For Cancer Research Inc, Cancer Research Of Louisiana4600 East West Highway Suite 525, Bethesda, MD 20814MD2010-04$0
Number of organizations performing similar types of work
Alaska2
Alabama7
Arkansas1
Arizona15
California72
Colorado6
Connecticut15
District of Columbia3
Florida42
Georgia15
Iowa5
Idaho1
Illinois21
Indiana9
Kansas5
Kentucky2
Louisiana5
Massachusetts23
Maryland15
Maine1
Michigan14
Minnesota9
Missouri9
Montana1
North Carolina11
Nebraska4
New Hampshire1
New Jersey20
New Mexico3
Nevada4
New York55
Ohio21
Oklahoma2
Oregon5
Pennsylvania25
Rhode Island1
South Carolina6
South Dakota1
Tennessee5
Texas32
Utah2
Virginia8
Vermont3
Washington16
Wisconsin8
West Virginia1
International2
Total534

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