ADVANCIUM HEALTH NETWORK INC Charity Report

Public IRS 990 nonprofit record

ADVANCIUM HEALTH NETWORK INC

EIN 87-2622250 · Medical Research N.E.C. (H99)

What they do

DEVELOP EXPERTISE to ADVANCE & APPLY SOLUTIONS to ADDRESS THE NEEDS of UNDERSERVED COMMUNITIES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $70.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders14 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

463.40%of revenue went to mission work70.3% of expenses · Program services

33.32%of revenue went to fundraising5.1% of expenses

$659.53spent for every $100 of revenueSpending was higher than revenue this year.

162.82%of revenue went to management and office costs24.7% of expenses

$0.67in assets for every $1 spent this yearSome assets cannot be spent right away.

1,265.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $6,056,480 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $332,875 for MICHELE CLEARY DIR TO 524 (CHIEF SCIENTIFIC OFFICER (AS OF 6/24)). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,082,418

Mission workProgram services$5,015,884463.40% of revenue70.3% of expenses

ManagementOffice and general costs$1,762,344162.82% of revenue24.7% of expenses

FundraisingAsking for donations$360,67033.32% of revenue5.1% of expenses

Total expenses$7,138,898659.53% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 70.3% mission · 24.7% management · 5.1% fundraisingTotal expenses: 659.53% of revenue

2023Expense mix: 43.7% mission · 51.9% management · 4.3% fundraisingTotal expenses: 31.24% of revenue

2022Expense mix: 64.4% mission · 34.2% management · 1.4% fundraisingTotal expenses: 90.00% of revenue

Money in and money out

Revenue$1,082,418

Expenses$7,138,898

Annual shortfall $6,056,480 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$5,015,884 · 70.3% of expenses

Management and office costs$1,762,344 · 24.7% of expenses

Fundraising$360,670 · 5.1% of expenses

See all reported dollar amounts

Revenue$1,082,418

Expenses$7,138,898

Assets$4,785,014

Income$14,292,352

Contributions$13,696,852

Mission work (program services)$5,015,884

Fundraising$360,670

Grants given$4,959,855

Average grant$275,548

Management and general$1,762,344

Accounting fees$213,002

Investing fees$8,000

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MICHELE CLEARY DIR TO 524CHIEF SCIENTIFIC OFFICER (AS OF 6/24) · 40 hrs/week $332,875Base $327,670 · Other $5,205

EMMA MORAN EVANSDIRECTOR, COBICURE MED TECH · 40 hrs/week $331,498Base $271,338 · Other $60,160

MAUREEN REYESDIRECTOR, STRATEGY & OPS · 40 hrs/week $317,922Base $291,194 · Other $26,728

ROBERT OLANVP BUSINESS DEVELOPMENT · 40 hrs/week $294,098Base $254,008 · Other $40,090

LINDSEY REYNOLDSDIRECTOR, FINANCE · 40 hrs/week $289,493Base $267,949 · Other $21,544

SHAWN DAVIS TO 224SVP & COO · 40 hrs/week $251,591Base $246,644 · Other $4,947

JYOTI PATELDIRECTOR BUSINESS OPS & MARKETING · 40 hrs/week $234,199Base $215,354 · Other $18,845

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (14)

MICHELE CLEARY DIR TO 524CHIEF SCIENTIFIC OFFICER (AS OF 6/24)

EMMA MORAN EVANSDIRECTOR, COBICURE MED TECH

MAUREEN REYESDIRECTOR, STRATEGY & OPS

ROBERT OLANVP BUSINESS DEVELOPMENT

LINDSEY REYNOLDSDIRECTOR, FINANCE

SHAWN DAVIS TO 224SVP & COO

JYOTI PATELDIRECTOR BUSINESS OPS & MARKETING

GARY BREWSTER AS OF 424DIRECTOR

JEFFREY KAPLAN TO 424TREASURER

LAURIE ZEPHYRINDIRECTOR

MARK VEICHPRESIDENT

OLIVIER ELEMENTOSECRETARY

RON MITCHELLDIRECTOR

YUNG LIE AS OF 624DIRECTOR

About this charity

Recognized since: January 2023
Location: 345 PARK AVENUE SOUTH 4TH FLOOR, NEW YORK, NY 10010
County: New York
In care of: MARK VEICH
Primary officer: MARK VEICH, CHIEF EXECUTIVE OFFICER

How to reach them

WebsiteVisit the charity’s website Phone(212) 583-8281

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: EISNER ADVISORY GROUP LLC
NTEE classification: Medical Research N.E.C. (H99)
IRS tax category: Medical Research N.E.C.
Grant-giving organization: Yes