| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AUDIT AND TAX PREPERATION | 34,000 | 0 | 0 | 51,133 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990-PF; PAGE 7; PART VIII-A; LINE 1 | 1 EDUCATIONAL - MATERIALS & RESEARCH FINDINGS $716,340 - FOR PATIENTS AND THEIR FAMILIES, THE SPINAL MUSCULAR ATROPHY FOUNDATION PROVIDES GENERAL MATERIALS ON SMA AND SMA BIOLOGY, DOCUMENTS DESCRIBING STANDARDS OF CARE, MATERIALS RELATED TO THE CURRENT STATE OF THERAPEUTICS. MOST OF THESE MATERIALS ARE PREPARED BY THE FOUNDATIONS STAFF FOR RESEARCH SCIENTISTS. THE FOUNDATION PREPARES SUMMARIES OF RESEARCH FINDINGS AND USEFUL TOOLS FOR SMA RESEARCHERS. THE FOUNDATION ALSO PREPARES AND DISTRIBUTES RECENT NEWS RELATED TO SMA VIA THE FOUNDATION'S MAILING LISTS IN ORDER TO ENSURE THAT NEW INFORMATION ON SMA IS RAPIDLY DISSEMINATED TO THE COMMUNITY. IN ADDITION, THE FOUNDATION PROVIDES INFORMATION ON THE STATE OF SMA RESEARCH TO PATIENTS AND THEIR FAMILIES THAT CALL SMA FOUNDATION. 2 EDUCATIONAL - WEBSITE $43,493 THE SMA FOUNDATION MAINTAINS A WEBSITE WITH GENERAL INFORMATION ABOUT THE FOUNDATIONS RESEARCH PROGRAM AND EDUCATIONAL MATERIALS TARGETED TO BOTH PATIENTS AND THEIR FAMILIES AND TO RESEARCHERS. THE FOUNDATION WEBSITE IS CONSTANTLY UPDATED BY THE STAFF FOR FURTHER INFORMATION. SEE WWW.SMAFOUNDATION.ORG. TOTAL EXPENSES FOR DIRECT ACTIVITIES $759,833. | |
| FORM 990-PF; PAGE 9; PART XII; LINE 7 | ELECTION TO TREAT UNUSED PRIOR YEARS CORPUS DISTRIBUTIONS AS CURRENT YEAR CORPUS DISTRIBUTIONS. THE FOUNDATION RECEIVED A CONTRIBUTION FROM A NONOPERATING PRIVATE FOUNDATION WHICH IT EXPENSED OR REDISTRIBUTED. THE FOUNDATION IS ELECTING TO TREAT THE $25,000, NOT AS A QUALIFYING DISTRIBUTION BUT AS A DISTRIBUTION OUT OF CORPUS. PURSUANT TO IRS REG. 53.4942(A)-3(C)(IV), THE FOUNDATION HERBY ELECTS TO TREAT, AS A CURRENT CORPUS DISTRIBUTION, THE FOLLOWING UNUSED PRIOR TAX YEARS DISTRIBUTIONS THAT WERE TREATED AS CORPUS DISTRIBUTIONS UNDER IRS REG. 53.4942(A)-3(D)(1)(III) IN SUCH PRIOR TAX YEARS: TAX YEAR - 2016, AMOUNT - $25,000. |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PREPAID FEDERAL EXCISE TAX | 3,675 | 3,378 | 3,378 |
| SECURITY DEPOSIT | 11,611 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONFERENCE FEES | 2,875 | 0 | 0 | 2,875 |
| DATA PROCESSING | 11,267 | 0 | 0 | 11,231 |
| FILING FEES | 550 | 0 | 0 | 550 |
| INSURANCE | 10,929 | 0 | 0 | 13,485 |
| MEMBERSHIP DUES | 55 | 0 | 0 | 55 |
| PAYROLL PROCESSING | 5,327 | 0 | 0 | 5,327 |
| POSTAGE | 307 | 0 | 0 | 374 |
| SUPPLIES | 7,002 | 0 | 0 | 7,317 |
| TELEPHONE | 9,784 | 0 | 0 | 10,266 |
| WEBSITE COST | 21 | 0 | 0 | 21 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| LICENSING INCOME | 21,328 | 21,328 | 0 |
| Description | Amount |
|---|---|
| PRESENT VALUE DISCOUNT ADJUSTMENT | 2,236 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 297 | 0 | 0 | 0 |