Nonprofit · EIN 84-5046384
INSTITUTE FOR LIFE CHANGING MEDICINES
Tax-exempt · PHILADELPHIA, PA 19104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $0 | $25,856 | -$25,856 | $882,673 | $932,895 | -$50,222 |
| December 31, 2023 | 990 | $0 | $58,208 | -$58,208 | $908,529 | $932,895 | -$24,366 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $4,869
- Accounting fees
- $7,525
- Program services (functional)
- $4,869
- Management and general (functional)
- $20,987
Balance sheet and other
- Total assets, start of year
- $908,529
- Total assets, end of year
- $882,673
- Total liabilities, end of year
- $932,895
- Net assets, end of year
- -$50,222
- Net assets without donor restrictions
- -$50,222
- Gross receipts
- $0
- Employees
- 0
- Volunteers
- 8
- Year formed
- 2020
- State of legal domicile
- DE
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 |
|---|---|---|---|
| ALEXANDER KARNAL OFF 1124 | CHAIRMAN, CEO Trustee or director, Officer | 0.1 | $0 |
| JULIAN HARRIS MD | DIRECTOR Trustee or director | 0.1 | $0 |
| MONIQUE MOLLOY | DIRECTOR Trustee or director | 0.1 | $0 |
| JUDITH LEA SWAIN MD | DIRECTOR Trustee or director | 0.1 | $0 |
| JAMES M WILSON MD PHD ON 0124 | PRESIDENT, FORMER CHIEF SCIENTIFIC OFFICER Officer | 0.1 | $0 |
| BRYAN SENDROWSKI | CFO Officer | 0.1 | $0 |
| LAWRENCE ATINSKY | CHIEF OPERATING OFFICER Officer | 0.1 | $0 |
| ANSHUL MANGAL | CHIEF STRATEGY OFFICER Officer | 0.1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALEXANDER KARNAL | CHAIRMAN, CEO Trustee or director, Officer | 0.1 | $0 |
| JAMES WILSON MD PHD | CHIEF SCIENTIFIC OFFICER, Trustee or director, Officer | 0.1 | $0 |
| JUDITH LEA SWAIN MD | DIRECTOR Trustee or director | 0.1 | $0 |
| MONIQUE MOLLOY | DIRECTOR Trustee or director | 0.1 | $0 |
| JULIAN HARRIS MD | DIRECTOR Trustee or director | 0.1 | $0 |
| BRYAN SENDROWSKI | CFO Officer | 0.1 | $0 |
| ANSHUL MANGAL | CHIEF STRATEGY OFFICER Officer | 0.1 | $0 |
| LAWRENCE ATINSKY | CHIEF OPERATING OFFICER Officer | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 125 S 31ST STREET STE 1200 TRL, PHILADELPHIA, PA 19104-3413
- In care of
- % ALEXANDER KARNAL
- Principal officer (990 for 2024)
- JAMES M WILSON, 125 S 31ST STREET STE 1200 TRL, PHILADELPHIA, PA 19104
- Signed the 990
- JAMES M WILSON, CEO
- Phone
- (203) 918-1058
- Website
- LIFECHANGINGMEDICINES.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
THE ORGANIZATION'S MISSION IS TO DEVELOP THERAPIES FOR DISEASES THAT FOR-PROFIT, COMMERCIAL DEVELOPERS DEEM TOO RARE, AND THEREFORE NOT COMMERCIALLY VIABLE TO DEVELOP, AND TO PROVIDE ACCESS TO THESE THERAPIES TO ALL PATIENTS IN NEED.
Program accomplishments
- BRING TRANSFORMATIVE MEDICINES TO PEOPLE SUFFERING AND ELIMINATE ALL BARRIERS TO ACCESS.Expenses $4,869
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 84-5046384
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Medical research (H99)
- Assets (IRS master file)
- $882,673
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $0 | $25,856 | $882,673 | XML |
| 990 | December 2023 | $0 | $58,208 | $908,529 | XML |
| 990 | December 2022 | $143 | $308,147 | $966,737 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 84-5046384).
Questions about INSTITUTE FOR LIFE CHANGING MEDICINES
- What is the EIN of INSTITUTE FOR LIFE CHANGING MEDICINES?
- The employer identification number (EIN) of INSTITUTE FOR LIFE CHANGING MEDICINES is 84-5046384.
- Is INSTITUTE FOR LIFE CHANGING MEDICINES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to INSTITUTE FOR LIFE CHANGING MEDICINES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSTITUTE FOR LIFE CHANGING MEDICINES file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of INSTITUTE FOR LIFE CHANGING MEDICINES 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 INSTITUTE FOR LIFE CHANGING MEDICINES 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 INSTITUTE FOR LIFE CHANGING MEDICINES?
- The 990 for the year ended December 31, 2024 names JAMES M WILSON.
- Who are the officers and directors of INSTITUTE FOR LIFE CHANGING MEDICINES?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does INSTITUTE FOR LIFE CHANGING MEDICINES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $0, expenses of $25,856 and total assets of $882,673 at year end.
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