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N-Lorem Foundation

Carlsbad, CA · EIN 84-3288113 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2025 (tax year 2025) · View the filing · Correct or respond

N-Lorem Foundation reported $30.8 million in revenue and $18.3 million in expenses for calendar year 2025. Of every $100 it spent, $89.91 went to program services, $6.99 to management and general costs and $3.10 to fundraising. Its largest source of revenue was contributions and grants: 99.2% of the total. The highest compensation it reported for one person was $501,818 (COO). 23 people received more than $100,000 in reportable compensation. Revenue rose 647% between 2019 and 2025. Source: Form 990, 2025.

Where $100 of spending went

Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $18M

For context, the median across 314 covered diseases, disorders & medical disciplines charities: $88.73 programs, $10.89 management, $0.38 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2025 · Form 990, Part VIII · total revenue $31M

The 990 scorecard · same measures for every charity, no grades

2025 filing. Median across 314 covered charities in this category, from their latest filings.
Measure2025Median
Program services
Part IX 25(B) ÷ 25(A)
89.9%86.7%
Management & general
Part IX 25(C) ÷ 25(A)
7.0%10.6%
Fundraising
Part IX 25(D) ÷ 25(A)
3.1%0.4%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.02$0.03
Contributions & grants share of revenue
Part VIII 1h ÷ 12
99.2%24.7%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.6%
Program service revenue share
Part VIII 2g ÷ 12
0.0%59.5%
Highest reported compensation
Part VII-A, columns D–F
$501,818$391,657
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.74%1.45%
People paid over $100,000
Part VII, line 2
2310
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
12.57.6
Independent voting board members
Part VI 1a–1b
14 of 15100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2025 · Form 990, Part III · the three largest programs by expense
$16M expenses · 100.0% of program spending

To provide advanced, experimental rna-targeted medicines, free of charge for life, to patients living with nano-rare diseases

Highest reported compensation

2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
COO
Listed in Part VII, 40.00 hrs/week
$487,199$0$14,619$501,818
VP ASO Disc & Dev
Listed in Part VII, 40.00 hrs/week
$353,113$0$16,721$369,834
ExDir Clinical Dev
Listed in Part VII, 40.00 hrs/week
$336,405$0$28,469$364,874
VP FDN DEVELOPMENT
Listed in Part VII, 40.00 hrs/week
$295,060$0$19,135$314,195
VP of Finance
Officer, 40.00 hrs/week
$280,600$0$22,080$302,680
Sr. Dir. of Op
Officer, 40.00 hrs/week
$277,430$0$23,099$300,529
SR DIRECTOR
Listed in Part VII, 40.00 hrs/week
$249,166$0$13,567$262,733
Exec Dir ASO Disc
Listed in Part VII, 40.00 hrs/week
$236,491$0$7,095$243,586

23 people received more than $100,000 in reportable compensation from N-Lorem Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.2M (Part IX, line 5).

7 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40M2019202020212022202320242025$31M$18M
FilingRevenueExpensesProgramsNet assetsTop pay
2025 ⓘ$31M$18M89.9%$19M$501,818
2024 ⓘ$11M$16M88.0%$6.6M$481,094
2023 ⓘ$6.9M$14M88.6%$11M$431,071
2022 ⓘ$18M$9.0M80.4%$19M$339,462
2021 ⓘ$3.0M$1.6M52.7%$10M$108,306
2020 ⓘ$5.3M$396K60.6%$8.8M$171,075
2019 ⓘ$4.1M$65,16552.8%$4.1M$14,167

Governance answers, as filed

2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b15 · 14 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 533
  • Volunteers Part I, line 615

Private foundation grants it received

3 private foundations reported grants to N-Lorem Foundation totaling $653K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from N-Lorem Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for N-Lorem Foundation, you can publish a response that is linked from this page.

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Questions people ask

How much of N-Lorem Foundation's spending goes to programs?

In calendar year 2025, N-Lorem Foundation reported that 89.9% of its $18.3 million in expenses went to program services, 7.0% to management and general and 3.1% to fundraising (Form 990, Part IX).

How much does N-Lorem Foundation pay its top executive?

The largest total compensation N-Lorem Foundation reported for one person in calendar year 2025 was $501,818, for the role of COO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does N-Lorem Foundation get its money?

Of $30.8 million in revenue in calendar year 2025, 99.2% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is N-Lorem Foundation a registered charity?

The IRS lists EIN 84-3288113 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2025: Form 990 for calendar year 2025, object 202621549349300207 · read the filing · XML
  • 2024: Form 990 for calendar year 2024, object 202542109349301509 · read the filing
  • 2023: Form 990 for calendar year 2023, object 202443059349302729 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202333189349307738 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202243199349331204 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202102789349301405 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202043169349306214 · read the filing

All filings for EIN 84-3288113: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.