Nonprofit · EIN 84-1238541
RACE TO ERASE MS
Also known as NANCY DAVID FOUNDATION FOR MS
Tax-exempt · ENCINO, CA 91436
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,286,955 | $1,663,749 | -$376,794 | $2,305,612 | $962,271 | $1,343,341 |
| December 31, 2023 | 990 | $1,172,662 | $1,632,020 | -$459,358 | $2,132,875 | $367,657 | $1,765,218 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,171,334
- Program service revenue
- $0
- Investment income
- $115,621
- Net gain from sales of assets
- -$349
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $360,000
- Compensation of officers, directors and key employees
- $401,589
- Other salaries and wages
- $182,992
- Salaries, compensation and benefits (total)
- $766,024
- Professional fundraising fees
- $0
- Legal fees
- $15,937
- Accounting fees
- $34,665
- Occupancy
- $68,898
- Travel
- $31,809
- Depreciation
- $442
- Program services (functional)
- $1,147,070
- Management and general (functional)
- $253,136
- Fundraising (functional)
- $263,543
Balance sheet and other
- Total assets, start of year
- $2,132,875
- Total assets, end of year
- $2,305,612
- Total liabilities, end of year
- $962,271
- Net assets, end of year
- $1,343,341
- Land, buildings and equipment
- $664
- Publicly traded securities
- $1,458,045
- Net assets without donor restrictions
- $1,343,341
- Gross receipts
- $1,909,443
- Employees
- 6
- Volunteers
- 50
- Year formed
- 1993
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NANCY DAVIS | PRESIDENT/CH Trustee or director, Officer | 40 | $221,760 | $56,192 |
| ELIZABETH SEARES | COO Officer | 40 | $179,829 | $28,191 |
| JACK ANTEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARBARA DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SIEDAH GARRETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CLAUDIA CURRY HILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHAD KING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AVRIL LAVIGNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEBBIE LUSTIG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIMMY LUSTIG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID OSMOND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LYNN PALMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEN RICKEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TAWNY SANDERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NANCY DAVIS | PRESIDENT/CH Trustee or director, Officer | 40 | $202,400 | $56,192 |
| ELIZABETH SEARES | COO Officer | 40 | $164,523 | $19,012 |
| JACK ANTEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARBARA DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TERI GARR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SIEDAH GARRETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CLAUDIA CURRY HILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AVRIL LAVIGNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEBBIE LUSTIG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIMMY LUSTIG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JACK OSBOURNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHARON OSBOURNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID OSMOND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LYNN PALMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEN RICKEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TAWNY SANDERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 15760 VENTURA BLVD STE 1030, ENCINO, CA 91436-3020
- Principal officer (990 for 2024)
- NANCY DAVIS
- Signed the 990
- NANCY DAVIS, PRESIDENT/CHAIRMAN
- Phone
- (310) 440-4842
- Website
- WWW.ERASEMS.ORG
- Return prepared by
- BORODA HOLM A PROFESSIONAL CORPORATION
California records
California keeps its own records of charities and corporations. Search them by EIN 84-1238541 or by the name RACE TO ERASE MS.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO PROVIDE FUNDING FOR RESEARCH AND TO PROMOTE AWARENESS FOR THE TREATMENT AND ULTIMATE CURE OF MULTIPLE SCLEROSIS.
Program accomplishments
- FUNDING RESEARCH IS THE CORE FOCUS OF THE FOUNDATION AND ALL FUNDS RAISED SUPPORT OUR CENTER WITHOUT WALLS PROGRAM, A SELECTED NETWORK OF THE NATIONS TOP MS RESEARCH CENTERS. THIS NATIONWIDE COLLABORATION OF PHYSICIANS AND SCIENTISTS ARE ON THE CUTTING-EDGE OF INNOVATIVE RESEARCH PROGRAMS, WORKING AS A TEAM ON THERAPEUTIC APPROACHES TO ERADICATE MS. IN ADDITION TO COMBATING MS THROUGH RESEARCH IN A CLINICAL ENVIRONMENT, WE HOPE TO INCREASE AWARENESS BY EDUCATING THE PUBLIC ABOUT THIS MYSTIFYING DISEASE THE RACE TO ERASE MS CENTER WITHOUT WALLS ("CWW") PROGRAM HAS PROVIDED SUPPORT THAT HAS HAS PERMITTED THE MEDICAL COMMUNITY TO LINK TOGETHER MULTIDISCIPLINARY SCIENTIFIC PROGRAMS AND EXPERTISE ACROSS THE COUNTRY TO ADVANCE THE UNDERSTANDING OF THE CAUSE OF MS AND TO DEVELOP NEW TREATMENTS. THE CENTER IS A BREAK-THROUGH SUCCESS BECAUSE OF THE VISION, INSIGHT AND FLEXIBILITY OF THESE EXTRAORDINARY DOCTORS. THE CENTER CONSTANTLY STRIVES TO STRENGTHEN THIS REVOLUTIONARY CONCEPT WITH NEW APPROACHES TO FINDING THE BRIGHTEST MINDS IN THIS FIELD. THE CENTER'S SCIENTIFIC ADVISORY BOARD, SPEARHEADED BY DR. ANDREW GOODMAN, REVIEWS PROPOSALS AND GRANTS, SUBMITTED IN STANDARD NIH FORMAT. IN ADDITION TO THE REGULAR USE OF HIGH-TECHNOLOGY COMMUNICATION TOOLS, RESEARCHERS OF CWW COME TOGETHER TO SHARE SCIENTIFIC ACCOMPLISHMENTS THROUGH MONTHLY VIRTUAL MEETINGS, STANDARD SCIENTIFIC ADVISORY MEETINGS AND COLLABORATIVE SYMPOSIUMS.Expenses $1,147,070 · grants $360,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-1238541
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,305,612
- Income (IRS master file)
- $1,909,443
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,286,955 | $1,663,749 | $2,305,612 | XML |
| 990 | December 2023 | $1,172,662 | $1,632,020 | $2,132,875 | XML |
| 990 | December 2022 | $1,056,260 | $1,414,948 | $2,745,138 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-1238541).
Questions about RACE TO ERASE MS
- What is the EIN of RACE TO ERASE MS?
- The employer identification number (EIN) of RACE TO ERASE MS is 84-1238541.
- Is RACE TO ERASE MS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to RACE TO ERASE MS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RACE TO ERASE MS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RACE TO ERASE MS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RACE TO ERASE MS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of RACE TO ERASE MS?
- The 990 for the year ended December 31, 2024 names NANCY DAVIS.
- Who are the officers and directors of RACE TO ERASE MS?
- The 990 for the year ended December 31, 2024 lists 14 people; 2 received compensation from the organization, the highest $221,760 (NANCY DAVIS, PRESIDENT/CH).
- How much revenue does RACE TO ERASE MS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,286,955, expenses of $1,663,749 and total assets of $2,305,612 at year end.
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