ON OCTOBER 1, 2019 THE BOARD OF DIRECTORS VOTED TO VOLUNTARILY DISSOLVE THE CORPORATION BECAUSE THE FOUNDATION IS UNABLE TO CONTINUE OPERATIONS DUE TO ITS INADEQUATE FINANCIAL RESOURCES, WHICH IS THE RESULT OF DIFFICULTY IN FUNDRAISING. IN ADDITION, TWO OF ITS DIRECTORS HAVE SUFFERED SERIOUS ILLNESSES THIS YEAR AND AS A RESULT, HAVE INSUFFICIENT INTEREST IN CONTINUING TO INVEST THEIR TIME AND EFFORTS IN THE FOUNDATION. THE THIRD DIRECTOR IS UNDER INCREASING CONSTRAINTS RELATED TO HIS TIME-CONSUMING MEDICAL PRACTICE AND RESEARCH ACTIVITIES LEAVING HIM LITTLE AVAILABILITY TO ATTEND TO THE NEEDS OF THE FOUNDATION. THE FOUNDATION HAS DISTRIBUTED NO ASSETS OUT OF THE ORDINARY COURSE OF BUSINESS PRIOR TO OR DURING THE DISSOLUTION. THE REMAINING MONEY WAS SPENT DURING THE YEAR ON THE PRESIDENT'S SALARY, RELATED PAYROLL EXPENSES AND PROFESSIONAL FEES RELATED TO THE DISSOLUTION. THE FIXED ASSETS WERE DISPOSED OF AND NOT SOLD. THE MASSACHUSETT'S ATTORNEY GENERAL AND SECRETARY OF STATE'S OFFICE DISSOLVED THE NON-PROFIT CORPORATION ON JANUARY 23, 2020. SEE ATTACHED DISSOLUTION PAPERWORK.
Application Information
Accepts Unsolicited ProposalsUnknown
Contact PersonDR STEVEN GREENBERG
Phone6177334621
DeadlinesNONE
How to ApplyA POTENTIAL GRANTEE SHOULD SUBMIT ITS IRS DETERMINATION LETTER, A COPY OF THE GRANTEE'S MISSION, A NARRATIVE OF HOW THE FUNDS WILL BE USED, AND A BUDGET FOR THE PROGRAM FOR WHICH THE GRANT HAS BEEN REQUESTED.
RestrictionsGRANTS ARE RESTRICTED TO UNDERSTANDING, STOPPING & REVERSING IBM MUSCLE DAMAGE.