Department of the Treasury Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
Attach to Form 990 or Form 990-EZ. See separate instructions.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
FOUNDATION FOR MITOCHONDRIAL MEDICINE INC
Employer identification number
20-3697012
Part I
Reason for Public Charity Status
(All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2).
f
If the organization received a written determination from the IRS that it is a Type I, Type II, or Type III supporting organization, check this box
..................................................
g
Since August 17, 2006, has the organization accepted any gift or contribution from any of the following persons?
(i) A person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the supported organization?
................
11g(i)
(ii)
A family member of a person described in (i) above?
......................
11g(ii)
(iii)
A 35% controlled entity of a person described in (i) or (ii) above?
................
11g(iii)
h
Provide the following information about the supported organization(s).
(i) Name of supported organization
(ii) EIN
(iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions))
(iv) Is the organization in col. (i) listed in your governing document?
(v) Did you notify the organization in col. (i) of your support?
(vi) Is the organization in col. (i) organized in the U.S.?
(vii) Amount of monetary support
Yes
No
Yes
No
Yes
No
Total
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (Complete only if you checked the box on line 5, 7, or 8 of Part I or if the
organization failed to qualify under Part III. If the organization fails to
qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in)
(a) 2008
(b) 2009
(c) 2010
(d) 2011
(e) 2012
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....
71,915
24,022
242,264
255,324
394,108
987,633
2
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3
The value of services or facilities furnished by a governmental unit to the organization without charge..
4
Total. Add lines 1 through 3
71,915
24,022
242,264
255,324
394,108
987,633
5
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included
on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
30,247
6
Public support. Subtract line 5 from line 4.
957,386
Section B. Total Support
Calendar year
(or fiscal year beginning in)
(a) 2008
(b) 2009
(c) 2010
(d) 2011
(e) 2012
(f) Total
7
Amounts from line 4..
71,915
24,022
242,264
255,324
394,108
987,633
8
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...
9
Net income from unrelated business activities, whether or not the business is regularly carried on..
10
Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)..
11
Total support (Add lines 7 through 10).
987,633
12
Gross receipts from related activities, etc. (see instructions)
..................
12
13
First five years.
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here........................................
Section C. Computation of Public Support Percentage
14
Public support percentage for 2012 (line 6, column (f) divided by line 11, column (f))
.........
14
96.940 %
15
Public support percentage for 2011 Schedule A, Part II, line 14
...............
15
94.830 %
16a
33 1/3% support test—2012.
If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization
.......................
b
33 1/3% support test—2011.
If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization
.....................
17a
10%-facts-and-circumstances test—2012.
If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part IV how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization
.....................................................
b
10%-facts-and-circumstances test—2011.
If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part IV how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization
................................................
18
Private foundation.
If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions
.....................................................
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2) (Complete only if you checked the box on line 9 of Part I or if the organization
failed to qualify under Part II. If the organization fails to qualify under
the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in)
(a) 2008
(b) 2009
(c) 2010
(d) 2011
(e) 2012
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3
Gross receipts from activities that are not an unrelated trade or business under section 513..
4
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5
The value of services or facilities furnished by a governmental unit to the organization without charge..
6
Total. Add lines 1 through 5.
7a
Amounts included on lines 1, 2, and 3 received from disqualified persons...
b
Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c
Add lines 7a and 7b..
8
Public support (Subtract line 7c from line 6.)
Section B. Total Support
Calendar year (or fiscal year beginning in)
(a) 2008
(b) 2009
(c) 2010
(d) 2011
(e) 2012
(f) Total
9
Amounts from line 6...
10a
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c
Add lines 10a and 10b.
11
Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12
Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)
..
13
Total support. (Add lines 9, 10c, 11, and 12.)..
14
First five years.
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here.............................................
Section C. Computation of Public Support Percentage
15
Public support percentage for 2012 (line 8, column (f) divided by line 13, column (f))
.........
15
16
Public support percentage from 2011 Schedule A, Part III, line 15
...............
16
Section D. Computation of Investment Income Percentage
17
Investment income percentage for 2012 (line 10c, column (f) divided by line 13, column (f))
......
17
18
Investment income percentage from 2011 Schedule A, Part III, line 17
.............
18
19a
33 1/3% support tests—2012.
If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
........
b
33 1/3% support tests—2011.
If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
.....
20
Private foundation.
If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions
.....
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 4
Part IV
Supplemental Information.
Complete this part to provide the explanations required by Part II, line 10; Part II, line 17a or 17b; and Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
Explanation
Schedule A (Form 990 or 990-EZ) 2012
Additional Data
Software ID:
Software Version:
-
TIN:
SCHEDULE O (Form 990 or 990-EZ)
Department of the Treasury Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
FOUNDATION FOR MITOCHONDRIAL MEDICINE INC
Employer identification number
20-3697012
Identifier
Return Reference
Explanation
ADDITIONAL INFORMATION
FORM 990
THE FOUNDATION FOR MITOCHONDRIAL MEDICINE IS IN YEAR THREE SINCE ITS RE-LAUNCH AND CONTINUES TO MAKE STRONG STRIDES. 2012 REPRESENTS ONE OF CONTINUED OUTREACH, PARTICULARLY FUELING CONNECTIONS TO RELATED DISEASES AND EXPANDING REGIONAL AWARENESS AND FUNDRAISING EVENTS IN TAMPA AND WITH PARTNERS LIKE GEORGIA TECH UNIVERSITY, DAVID YURMAN, AND SAKS FIFTH AVENUE. MOST NOTABLE PROGRAM SERVICES INCLUDE A RESEARCH GRANT TO FUND A FUNCTIONAL MRI STUDY WITH GEORGIA TECH AND GEORGIA STATE UNIVERSITIES AS WELL AS THE INFORMATION AND AWARENESS PROGRAM, LIKE THE LAUCH OF THE HOPE FLIES HEALTH SERIES, THIS YEAR HIGHLIGHTING THE LINKS AMONG PARKINSON'S, AUTISM, AND MITOCHONDRIAL DISEASE. THESE INITIATIVES CONTINUE TO BE SET WITH THE PURPOSE OF FUELING CONNECTIONS TO BUILD BRIDGES AND RELATIONSHIPS WITH KEY STAKEHOLDERS AND OF ENCOURAGING SCIENTIFIC COLLABORATION THAT BRINGS FORTH, PEOPLE, IDEAS AND PARTNERSHIPS TO YIELD TREATMENTS AND ULTIMATELY CURES FOR THE MANY, MANY FORMS OF MITOCHONDRIAL DISEASE. FINANCES GREW STRONGER IN 2012. REVENUES INCREASED 54%, FROM 256,399 IN 2011 TO 394,933 IN 2012, THANKS PRIMARILY TO NEW REGIONAL EVENTS IN TAMPA AND ATLANTA AND MAJOR GIFTS FROM COMMUNITY-MINDED CORPORATE PARTNERS LIKE SAKS 5TH AVENUE, AND DAVID YURMAN. EXPENSES ROSE ALSO, AND STILL SLIGHTLY EXCEED REVENUE, BUT ONLY BY 2.7% AS COMPARED WITH 12.4% LAST YEAR. CONSISTENT WITH ORGANIZATIONS IN THEIR LIFE CYCLE, THE FOUNDATION FOR MITOCHONDRIAL MEDICINE ALLOCATES OVER 40% OF THE BUDGET TO PROGRAM SERVICES INCLUDING RESEARCH. FUNDRAISING EXPENSES REPRESENT 38% OF THE BUDGET, WHILE 20% OF EXPENSES ARE ALLOCATED TO MANAGEMENT AND GENERAL OPERATING. AS OUR REVENUE MODEL SHIFTS TO A STREAM LESS DOMINATED BY SPECIAL EVENTS, WE ANTICIPATE FUNDRAISING EXPENSES TO DECREASE. WE LOOK FORWARD TO INCREASED REVENUES FROM PRIVATE FOUNDATOINS, CORPORATIONS, AND MAJOR DONORS ALONG WITH FURTHER COLLABORATIONS WITH LIKE-MINDED VENTURE PHILANTHROPY ORGANIZATIONS. OUR FOCUS REMAINS ACCELARATING THE PATH TO THE CURES THROUGH PRIORITES OF: 1) AWARENESS, 2) FUELING CONNECTIONS TO RELATED DISEASES 3) FUNDING TREATMENT-ORIENTED RESEARCH.
THIRD ACCOMPLISHMENT DESCRIPTION
FORM 990, PAGE 2, PART III, LINE 4C
THEY SHARED EXCITING DETAILS OF EMERGING RESEARCH AND TREATMENTS FOR MITOCHONDRIAL DISEASE, AUTISM & PARKINSON'S DISEASE. COLLABORATORS INCLUDED: AUTISM SPEAKS, THE WILKINS PARKINSON'S FOUNDATION, THE AMERICAN PARKINSON'S DISEASE ASSOCIATION.
ALL OTHER ACCOMPLISHMENT DESCRIPTION
FORM 990, PAGE 2, PART III, LINE 4D
4)MEDICAL SYMPOSIA SPONSORSHIP AWARENESS AND INFORMATION DISSEMINATION TO MEDICAL PROFESSIONALS, NEUROLOGISTS, GEORGIA BIO PROFESSIONALS AND OTHER PROGRAM PARTICIPANTS. 5)WHITE PAPER: A CASE FOR MITOCHONDRIAL DYSFUNCTION PUBLICATION AND DISTRIBUTION OF AN OVERVIEW OF MITOCHONDRIAL DYSFUNCTION. RESEARCH OVER THE PAST 25 YEARS - A MERE BLIP IN TIME FOR MEDICAL RESEARCH - HAS SHOWN THAT PROBLEMS WITH MITOCHONDRIA MAY CAUSE OR CONTRIBUTE TO MANY OF THE DISEASES AND CONDITIONS THAT LIMIT GROWTH AND POTENTIAL, DIMINISH QUALITY OF LIFE, AND LEAD TO THE UTILIZATION OF MILLIONS OF DOLLARS IN TREATMENTS AND THERAPIES. AS SCIENTISTS HAVE LEARNED MORE ABOUT THE MITOCHONDRIA'S ROLE IN HEALTH AND IN DISEASE, THEY HAVE CONCLUDED THAT MITOCHONDRIAL DYSFUNCTION IS AT THE ROOT OF DISEASES AND CONDITIONS THAT AFFECT THE YOUNG AND THE OLD, IN WAYS THAT CAN RANGE FROM SUBTLE TO DEVASTATING, AND IS EVEN RESPONSIBLE FOR THE AGING PROCESS ITSELF. THE LIST OF KNOWN DISEASES AND CONDITIONS WITH A MITOCHONDRIAL DYSFUNCTION COMPONENT IS LONG - AND GROWING LONGER. IN FACT, RESEARCH SUGGESTS THAT MITOCHONDRIAL FUNCTION MAY BE THE UNIFYING THEME.
RELATED PARTY INFORMATION AMONG OFFICERS
FORM 990, PAGE 6, PART VI, LINE 2
JOHN SHOFFNER KEITH HYLAND BUSINESS PARTNERS FRANK WREN TERRI WREN MARRIED
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
FORM 990, PAGE 6, PART VI, LINE 11B
THE EXECUTIVE DIRECTOR AND THE CEO REVIEWED THE TAX RETURN.
ENFORCEMENT OF CONFLICTS POLICY
FORM 990, PAGE 6, PART VI, LINE 12C
IN THE BOARD OF DIRECTORS MEETINGS, THE DIRECTORS DISCUSS POTENTIAL CONFLICTS OF INTEREST INCLUDING RELATIONS AND THE POSSIBILITY OF PERSONAL BENEFIT. IF THE BOARD OF DIRECTORS DETERMINES THAT A POSSIBLE CONFLICT OF INTEREST EXISTS, THEN THE ONE IN CONFLICT REMOVES HIMSELF/HERSELF FROM THE DISCUSSIONS AND VOTING AS IT PERTAINS TO THAT TOPIC.
COMPENSATION PROCESS FOR TOP OFFICIAL
FORM 990, PAGE 6, PART VI, LINE 15A
YES, COMPENSATION OF THE EXECUTIVE DIRECTOR INVOLVED A VERY DELIBERATIVE PROCESS AND COMPARABLES OF OTHER START-UP NON-PROFIT COMPANIES.