Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 37,196,531 | 44,140,691 | 41,335,585 | 39,651,088 | 25,012,712 | 187,336,607 |
| 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 | 37,196,531 | 44,140,691 | 41,335,585 | 39,651,088 | 25,012,712 | 187,336,607 |
| 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).. | 40,751,667 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 146,584,940 | |||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 37,196,531 | 44,140,691 | 41,335,585 | 39,651,088 | 25,012,712 | 187,336,607 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 216,547 | 373,452 | 1,090,003 | 1,349,522 | 426,629 | 3,456,153 |
| 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 VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | 190,792,760 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (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.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (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 VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2020 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2020 |
(iii) Distributable Amount for 2020 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2020 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions. |
||||
| 3 Excess distributions carryover, if any, to 2020: | ||||
| a From 2015....... | ||||
| b From 2016....... | ||||
| c From 2017....... | ||||
| d From 2018....... | ||||
| e From 2019....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2020 distributable amount | ||||
|
i
Carryover from 2015 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2020 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2020 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2020, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2020. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2021. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2016..... | ||||
| b Excess from 2017..... | ||||
| c Excess from 2018..... | ||||
| d Excess from 2019..... | ||||
| e Excess from 2020..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|
| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART I, LINE 1: | MMRF ACCOMPLISHMENTS FOR 2020: THE MULTIPLE MYELOMA RESEARCH FOUNDATION (MMRF) IS A PIONEER IN PRECISION MEDICINE WITH A MISSION TO ACCELERATE A CURE FOR EACH MULTIPLE MYELOMA PATIENT. SINCE 1998, OUR RELENTLESS PURSUIT OF OUR MISSION HAS ACCELERATED THE DEVELOPMENT OF NEXT-GENERATION PRECISION MEDICINE, ENSURING THAT PATIENTS RECEIVE THE RIGHT TREATMENT AT EXACTLY THE RIGHT TIME AND, ULTIMATELY, EXTENDING THE LIVES OF THOUSANDS OF PATIENTS. THE MMRF BLAZES NEW TRAILS, ACTING WITH URGENCY TO ENSURE EVERY PATIENT HAS BETTER ANSWERS, MORE PRECISE TREATMENTS, AND THE BEST POSSIBLE OUTCOMES. IN 2020, WE CONTINUED TO ADVANCE THE KEY INITIATIVES OF OUR THREE-YEAR SMARTER FASTER CURE STRATEGIC PLAN: - WE ARE WORKING SMARTER. WE WILL CONTINUE TO BRING OUR RIGOROUS BUSINESS APPROACH TO IMMUNO-ONCOLOGY THE NEXT FRONTIER IN CANCER RESEARCH AND TREATMENT. BY COLLECTING AND SHARING VITAL DATA AND ACTIVATING NEW CLINICAL TRIALS, WE WILL BRING BETTER, MORE PRECISE TREATMENTS TO MULTIPLE MYELOMA. - WE ARE WORKING FASTER. WE ARE ATTRACTING NEW PARTNERS, CLINICAL ASSETS, AND TECHNOLOGIES TO THE MULTIPLE MYELOMA SPACE THROUGH THE FIRST-EVER VENTURE PHILANTHROPY FUND EXCLUSIVELY FOCUSED ON THIS DISEASE. - ABOVE ALL ELSE, WE ARE WORKING TOWARD A CURE. BUILDING ON A MUCH-NEEDED DATA INFRASTRUCTURE, SO THAT ALL DOCTORS, PATIENTS, AND FAMILIES CAN MAKE SMARTER AND FASTER TREATMENT DECISIONS, AND SO WE CAN GENERATE THE INSIGHTS NEEDED TO END MULTIPLE MYELOMA ONCE AND FOR ALL. SMARTER INITIATING BREAKTHROUGHS IN IMMUNE-ONCOLOGY AND GENOMICS - THE MMRF ADVANCED ITS IMMUNE ATLAS PROGRAM, WHICH STRIVES TO MAP THE IMMUNE LANDSCAPE OF MYELOMA PATIENTS AND DETERMINE HOW VARIOUS IMMUNE SUBTYPES IMPACT PATIENT PROGNOSIS AND RESPONSE TO NEW IMMUNE THERAPIES. THROUGH THIS INITIATIVE, THE MMRF IS LEADING THE DEVELOPMENT OF IMMUNE STANDARDS IN MYELOMA THAT WILL INFORM FUTURE RESEARCH AND CLINICAL PRACTICE IN THIS EVOLVING SPACE. IN 2020, WE COMPLETED OUR INITIAL PILOT PHASE, ENABLING US TO MOVE FORWARD WITH THREE STUDIES THAT WILL ANSWER IMPORTANT QUESTIONS FOR THE MYELOMA COMMUNITY: - HOW DO IMMUNE SUBTYPES CORRELATE WITH FASTER VS. SLOWER DISEASE PROGRESSION? - WHAT KINDS OF IMMUNE DATA CAN BE COLLECTED FROM BONE MARROW VS. PERIPHERAL BLOOD? - ARE THERE IMMUNE PREDICTORS OF RESPONSE OR RESISTANCE TO CURRENT MONOCLONAL ANTIBODY TREATMENTS FOR PATIENTS? - THE MMRF'S CLINICAL ACCELERATION PROGRAM WAS SLOWED BY THE PANDEMIC AS STUDIES WERE PUT ON HOLD AND RESOURCES AT THE CENTERS WERE DIVERTED TO COVID-19 RELATED RESEARCH. HOWEVER, OUR CLINICAL OPERATIONS TEAM WORKED PROACTIVELY WITH SITES TO IDENTIFY AND ENROLL 116 PATIENTS ON THE 12 ACTIVE CLINICAL STUDIES IN THE MULTIPLE MYELOMA RESEARCH CONSORTIUM (MMRC) IN 2020. - MYDRUG THE FIRST PLATFORM STUDY IN MYELOMA WHICH EVALUATES TARGETED THERAPIES AGAINST SPECIFIC GENOMIC ALTERATIONS IS CONTINUING TO ENROLL PATIENTS ACROSS ALL STUDY ARMS. TWO NEW SUB-PROTOCOLS WERE ADDED TO INCLUDE XPOVIO (SELINEXOR) AND BLENREP (BELANTAMAB MAFODOTIN) FOR PATIENTS WHO DO NOT HAVE ACTIONABLE MUTATIONS FROM GENOMIC SEQUENCING. - MYCHECKPOINT OUR SECOND PLATFORM STUDY IS EVALUATING TWO NEXT-GENERATION CHECKPOINT INHIBITORS IN RELAPSED/REFRACTORY PATIENTS WHO HAVE FAILED STANDARD THERAPIES. AFTER A DELAYED START DUE TO THE PANDEMIC, NEARLY ALL SITES ARE NOW OPEN AND ENROLLING PATIENTS WITH SIX PATIENTS ALREADY ON THE STUDY. - NEW TRIALS AFTER A SUCCESSFUL CALL FOR INNOVATIVE TRIAL CONCEPTS, THE MMRC IS MOVING FORWARD WITH TWO NEW CLINICAL PROGRAMS: 1) A RATIONALE COMBINATION OF IMMUNE THERAPIES HYPOTHESIZED TO PROVIDE SYNERGISTIC EFFICACY, AND 2) A NOVEL NK CELL-DIRECTED THERAPY WITH AUTOLOGOUS STEM-CELL TRANSPLANT. BOTH TRIALS ARE EXPECTED TO START ENROLLING PATIENTS BY LATE 2021. FASTER ACCELERATING INVESTMENT AND SCALE THROUGH A VENTURE FUND THE FIRST AND ONLY MISSION-DRIVEN, SELF-SUSTAINING, SCALABLE VENTURE PHILANTHROPY FUND FOCUSED ON MULTIPLE MYELOMA, THE MYELOMA INVESTMENT FUND (MIF) ACCELERATES THE MMRF'S MISSION TO DELIVER TRANSFORMATIVE TREATMENT OPTIONS TO EVERY PATIENT BY INVESTING IN EARLY-STAGE PRIVATE BIOTECHNOLOGY COMPANIES AND BRINGING THE MOST PROMISING CLINICAL ASSETS AND TECHNOLOGIES TO MULTIPLE MYELOMA PATIENTS. THROUGH THE MIF, THE MMRF IS ADVANCING UNIQUE APPROACHES IN IMMUNO-ONCOLOGY. THREE NEW INVESTMENTS WERE MADE IN 2020 INCLUDE INDAPTA THERAPEUTICS, A SAN FRANCISCO-BASED BIOTECH DEVELOPING AN ALLOGENEIC NATURAL KILLER (NK) CELL THERAPY FOR THE TREATMENT OF MULTIPLE MYELOMA. ABCURO, INC, A NEWTON, MA-BASED BIOTECH COMPANY THAT IS DEVELOPING A NEW IMMUNE CHECKPOINT THERAPY FOR THE TREATMENT OF AUTOIMMUNE DISEASES AND CANCER, INCLUDING MYELOMA. LASTLY CULLINAN MICA, INC, IS A CAMBRIDGE, MA COMPANY BRINGING CLN-619, A FIRST-IN-CLASS MONOCLONAL ANTIBODY INTO HUMAN CLINICAL TESTING. AS WE CONTINUE TO ACCRUE A DIVERSE PORTFOLIO OF YOUNG BIOTECH COMPANIES AND SEE RETURNS ON OUR INVESTMENTS, WE WILL REINVEST 100% OF PROFITS DIRECTLY BACK INTO THE MIF, FUELING RESEARCH FOR NEW TREATMENTS UNTIL THE MMRF HAS SUCCESSFULLY DELIVERED A CURE FOR EACH AND EVERY PATIENT. CURE DEMOCRATIZING ACCESS TO DATA TO OPTIMIZE PATIENT CARE AND IDENTIFY NEW TARGETS - IN JULY 2020, THE MMRF LAUNCHED THE CURECLOUD, THE MOST INNOVATIVE AND AMBITIOUS DATA GENERATION INITIATIVE IN MMRF HISTORY. THIS DIRECT-TO-PATIENT RESEARCH STUDY OFFERS PATIENTS THE FIRST AT-HOME GENOMIC TESTING PROGRAM AND THE RETURN OF A CLINICAL-GRADE REPORT THAT CAN BE USED TO IDENTIFY TREATMENTS AND TRIALS THAT MAY BE RIGHT FOR THEIR CARE. THE AGGREGATED CURECLOUD DATA WILL ALSO BE INSTRUMENTAL IN DRIVING NEW SCIENTIFIC DISCOVERIES FOR RESEARCHERS THAT WILL GUIDE THE DEVELOPMENT OF NEW TREATMENTS AND CARE PATHWAYS TO IMPROVE OUTCOMES FOR ALL PATIENTS. IN DECEMBER 2020, WE WERE PROUD TO EXPAND CURECLOUD TO SMOLDERING PATIENTS THROUGH A PARTNERSHIP WITH THE DANA-FARBER CANCER INSTITUTE AND THE PCROWD/PROMISE STUDIES. THIS COLLABORATION WILL ULTIMATELY HELP INFORM HOW TO BETTER IDENTIFY AND TREAT PATIENTS WITH HIGH-RISK OF EARLY PROGRESSION TO ACTIVE DISEASE. - THE MMRF'S LANDMARK COMMPASS STUDY, THE LARGEST GENOMIC DATASET OF ANY CANCER, CONTINUES TO SUPPORT PATIENT TREATMENT AND FUEL NEW INSIGHTS. TO DATE, 1,038 COMMPASS PATIENTS HAVE HAD THEIR BASELINE MOLECULAR PROFILES COMPLETED; 257 HAD THEIR RELAPSE SAMPLES SEQUENCED AND, OF THOSE, 67 WERE PROVIDED A REPORT. IN 2020, COMMPASS DATA RESULTED IN 17 NEW SCIENTIFIC PUBLICATIONS AND RESEARCH ABSTRACTS. THE MMRF PRESENTED 13 ABSTRACTS AT THE 2020 ASH ANNUAL MEETING ON THE MMRF IMMUNE ATLAS, COMMPASS GENOMIC INITIATIVES, CURECLOUD, MMRC CLINICAL TRIALS, AND THE PRECISION PREVENTION PROJECT. IMMUNE THERAPY IS MAKING SIGNIFICANT HEADWAY AS A TREATMENT FOR CANCER, INCLUDING MULTIPLE MYELOMA. HOWEVER, THERE IS A DRIVING NEED FOR A BETTER UNDERSTANDING OF PATIENT IMMUNITY IN DISEASE CONTROL AND RESPONSE TO THERAPY TO MAXIMIZE THE CLINICAL BENEFIT OF THESE NEW THERAPIES AND THEIR POTENTIAL FOR CURE. IN 2020, THE MMRF LAUNCHED THE MMRF IMMUNE ATLAS. THIS NEW RESEARCH INITIATIVE WILL MAP THE IMMUNE SYSTEM (LANDSCAPE) IN MULTIPLE MYELOMA PATIENTS OVER THE COURSE OF THE DISEASE, FROM ITS INITIATION AND DIAGNOSIS, AND DURING THERAPY AND RELAPSE. THIS INFORMATION WILL BE USED TO DETERMINE HOW THE MYELOMA PATIENT'S IMMUNE SYSTEM CHANGES OVER THEIR DISEASE JOURNEY AND WILL PROVIDE CLINICIANS AND RESEARCHERS WITH CRITICAL INFORMATION TO GUIDE THERAPY AND DEVELOP THE NEXT GENERATION OF IMMUNE THERAPIES. CURRENTLY, MMRF IS ANALYZING THE IMMUNE CELLS IN BONE MARROW SAMPLES FROM 400 COMMPASS PATIENTS IN ONE OF THE LARGEST IMMUNE ANALYSES CONDUCTED IN A SINGLE-DISEASE, WORLD-WIDE. - IN ADDITION, THE MMRF HAS CONTINUED ITS WORK IN CLINICAL ADVANCEMENT AND IN SUPPORTING PATIENTS DIRECTLY THROUGH SUMMITS, WEBINARS, AND ITS PATIENT NAVIGATION CENTER. THE MMRF CONTINUES TO PROVIDE FINANCIAL SUPPORT TO EARLY CAREER CLINICIANS AND SCIENTISTS THROUGH ITS MMRF FELLOWSHIP PROGRAM. THIS PROGRAM IS TARGETED TOWARDS BASIC AND TRANSLATIONAL RESEARCH IN MULTIPLE MYELOMA. IN 2020, THE MMRF PROVIDED EARLY CAREER TRAINING GRANTS TO 5 INVESTIGATORS AT NATIONAL AND INTERNATIONALLY RECOGNIZED INSTITUTIONS. PATIENT SERVICES AND EDUCATION ADVANCING PATIENT HEALTH AND WELL-BEING THROUGH EDUCATION - PATIENT EDUCATION WEBINARS AND SUMMITS REACHED 10,000 PATIENTS AND CAREGIVERS IN 2020. - IN 2020, THE MMRF PATIENT NAVIGATION CENTER ANSWERED 2,900 CALLS, ADDRESSED MORE THAN 3,000 CASES, AND OVER 100 REFERRALS TO MYELOMA SPECIALISTS. ITS SERVICE HAS RECEIVED A 5-STAR SATISFACTION RATING FROM THE PATIENTS WHO CONTACTED THE PATIENT NAVIGATION CENTER. |
| FORM 990, PART III, LINE 1: | A PIONEER IN PRECISION MEDICINE, THE MULTIPLE MYELOMA RESEARCH FOUNDATION (MMRF) SEEKS TO ACCELERATE A CURE FOR EACH AND EVERY MULTIPLE MYELOMA PATIENT. FOUNDED IN 1998 BY KATHY GIUSTI, A MULTIPLE MYELOMA PATIENT, AND HER TWIN SISTER KAREN ANDREWS AS A 501(C)(3) NONPROFIT ORGANIZATION, THE MMRF HAS CREATED NEW BUSINESS MODELS AROUND CANCER FROM DATA TO ANALYTICS TO THE CLINIC. THE MMRF IDENTIFIES BARRIERS AND THEN FINDS THE SOLUTIONS TO OVERCOME THEM, BRINGING IN THE BEST PARTNERS AND ACTING AS A CATALYST OR SYNERGIST TO DRIVE BETTER OUTCOMES FOR PATIENTS. SINCE ITS INCEPTION, THE ORGANIZATION HAS COLLECTED THOUSANDS OF SAMPLES AND TISSUES, OPENED NEARLY 100 TRIALS, HELPED BRING 15 FDA-APPROVED THERAPIES TO MARKET, AND BUILT COMMPASS, THE SINGLE LARGEST GENOMIC DATASET FOR ANY CANCER, DATASET FOR ANY CANCER, LAUNCHED CURECLOUD IN 2020 AND INITIATED IMMUNE ATLAS AS WELL TWO PREVENTION PROGRAMS. TODAY, THE MMRF IS BUILDING ON ITS LEGACY IN GENOMICS AND IS EXPANDING INTO IMMUNOTHERAPY, AS THE COMBINATION OF THESE TWO FIELDS WILL BE CRITICAL TO MAKING PRECISION MEDICINE POSSIBLE FOR ALL PATIENTS. THE MMRF HAS RAISED OVER $500 MILLION AND DIRECTS NEARLY 90% OF THE TOTAL FUNDS TO RESEARCH AND RELATED PROGRAMS. |
| FORM 990, PART VI, SECTION A, LINE 2 | THE FOLLOWING BOARD MEMBERS, KATHY GIUSTI, FOUNDER & CHIEF MISSION OFFICER, KAREN ANDREWS, BOARD MEMBER, AND PAUL GIUSTI, PRESIDENT & CEO, ALL HAVE A FAMILY RELATIONSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS FIRST REVIEWED WITH THE CEO OF THE FOUNDATION. ONCE REVIEWED WITH THE CEO, THE FORM 990 IS EMAILED TO EACH BOARD MEMBER. EACH BOARD MEMBER REVIEWS THE FORM 990 AND IF ANY QUESTIONS ARISE, THEY ARE COMMUNICATED TO THE FOUNDATION AND ADDRESSED. AFTER ALL QUESTIONS ARE ADDRESSED, THE FORM 990 IS SUBMITTED TO THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | DUTY TO DISCLOSE A POTENTIAL CONFLICT OF INTEREST: ANY INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST TO THE BOARD OR CONFLICTS COMMITTEE AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD, MEMBERS OF THE CONFLICTS COMMITTEE AND ALL MEMBERS OF ANY COMMITTEE CONSIDERING THE PROPOSED CONTRACT OR TRANSACTION. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS: AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE INTERESTED PERSON SHALL LEAVE THE BOARD OR CONFLICTS COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR CONFLICT COMMITTEE MEMBERS, AS APPLICABLE, SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: I. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR CONFLICTS COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, HE OR SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE CONTRACT OR TRANSACTION THAT RESULT IN THE CONFLICT OF INTEREST. II. THE CHAIR OF THE BOARD OR CHAIRPERSON OF THE CONFLICTS COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR APPOINT OR ESTABLISH AN ADVISORY COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED CONTRACT OR TRANSACTION. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR THE CONFLICTS COMMITTEE SHALL TAKE ALL REASONABLE STEPS TO DETERMINE WHETHER THE MMRF CAN OBTAIN A MORE ADVANTAGEOUS CONTRACT OR TRANSACTION WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS CONTRACT OR TRANSACTION IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR CONFLICT COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE, BUT NOT LESS THAN TWO, OF THE DISINTERESTED DIRECTORS OR MEMBERS THEREOF WHETHER THE CONTRACT OR TRANSACTION IS IN THE MMRF'S BEST INTEREST AND IS FAIR AND REASONABLE TO THE MMRF; PROVIDED, HOWEVER, IF SUCH CONTRACT OR TRANSACTION IS APPROVED BY DISINTERESTED DIRECTORS WHO DO NOT SATISFY A QUORUM OR VOTING REQUIREMENT APPLICABLE TO THE AUTHORIZATION OF THE ACTION BY REASON OF THE MMRF'S CERTIFICATE OF INCORPORATION, BYLAWS OR A PROVISION OF LAW, THE ACTION MUST BE INDEPENDENTLY APPROVED BY SUCH INTERESTED AND DISINTERESTED DIRECTORS AS SATISFY THE APPLICABLE QUORUM OR VOTING REQUIREMENT. VIOLATION OF THE CONFLICTS OF INTEREST POLICY: III. IF THE BOARD OR CONFLICTS COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A DIRECTOR, OFFICER OR COMMITTEE MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM SUCH PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD SUCH PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE OF THE DIRECTOR, OFFICER OR COMMITTEE MEMBER AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD OR CONFLICTS COMMITTEE DETERMINES THAT SUCH PERSON HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE BOARD OR CONFLICTS COMMITTEE, AS APPLICABLE, SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | ALL SENIOR POSITIONS AND THEIR COMPENSATION ARE REVIEWED AND APPROVED BY THE HR COMMITTEE OF THE BOARD OF DIRECTORS. COMPENSATION FOR EMPLOYEES ARE BENCHMARKED AGAINST OTHER 501(C)(3)'S, RESEARCH ORGANIZATIONS, THIRD PARTY COMPENSATION DATABASE AND THEN REVIEWED BY THE COMPENSATION COMMITTEE. THE COMPENSATION APPROVAL IS DOCUMENTED IN THE MINUTES BY THE COMMITTEE. THIS PROCESS WAS LAST UNDERTAKEN IN 2020. |
| FORM 990, PART VI, SECTION C, LINE 19 | FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FORM 1023 ARE MADE AVAILABLE FOR PUBLIC VIEWING UPON WRITTEN REQUEST AT MMRF'S HEADQUARTERS LOCATED AT 383 MAIN AVENUE, 5TH FLOOR, NORWALK, CT 06851. FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE AT THE ORGANIZATION'S WEBSITE: WWW.THEMMRF.ORG THE FORM 990 IS ALSO AVAILABLE ON WWW.GUIDESTAR.ORG, WWW.CHARITYNAVIGATOR.ORG, AND OTHER SIMILAR WEBSITES. |
| FORM 990, PART IX, LINE 11G | CONSULTING: PROGRAM SERVICE EXPENSES 680,575. MANAGEMENT AND GENERAL EXPENSES 16,827. FUNDRAISING EXPENSES 52,128. TOTAL EXPENSES 749,530. MEDICAL PROFESSIONALS: PROGRAM SERVICE EXPENSES 2,376,352. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,376,352. MEDICAL WRITERS: PROGRAM SERVICE EXPENSES 11,233. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,233. RECRUITING COSTS & TEMPORARY HELP: PROGRAM SERVICE EXPENSES 249,027. MANAGEMENT AND GENERAL EXPENSES 28,789. FUNDRAISING EXPENSES 63,923. TOTAL EXPENSES 341,739. |
| FORM 990, PART XI, LINE 9: | WRITE-OFF OF UNCOLLECTIBLE PLEDGES -256,000. LOSS ON DISPOSAL OF ASSETS -448,631. |
| FORM 990, PART XII, LINE 2C: | THE MULTIPLE MYELOMA RESEARCH FOUNDATION, INC. AUDIT/FINANCE COMMITTEE RECOMMENDS THE AUDITOR TO THE BOARD, AND THE BOARD APPOINTS THE AUDITOR. THE BOARD ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. THE POLICY FOR SELECTION AND OVERSIGHT OF THE INDEPENDENT AUDITORS HAS NOT CHANGED SINCE LAST YEAR. |
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