The Gog Foundation Inc
- Assets
- $118.9m
- Revenue
- $71.1m
- Investments
- $5.5m
- Employees
- 59
- Location
- Edgewater, MD
- Founding
- 02/2003
- Data as of
- 12/2021
- EIN
- 03-0466352
Organization Overview
The Gog Foundation Inc is located in Edgewater, MD. The organization was established in 2003. According to its NTEE Classification (H30) the organization is classified as: Cancer Research, under the broad grouping of Medical Research and related organizations. As of 12/2022, Gog Foundation Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gog Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Gog Foundation Inc generated $71.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $60.7m during the year ending 12/2021. While expenses have increased by 24.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gog Foundation Inc has awarded 11 individual grants totaling $992,333. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GOG FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE EXCELLENCE IN THE QUALITY AND INTEGRITY OF CLINICAL AND BASIC SCIENTIFIC RESEARCH IN THE FIELD OF GYNECOLOGIC MALIGNANCIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS COMMITTED TO MAINTAINING THE HIGHEST STANDARDS IN CLINICAL TRIALS DEVELOPMENT, EXECUTION, ANALYSIS AND DISTRIBUTION OF RESULTS. CONTINUOUS EVALUATION OF OUR PROCESSES IS UTILIZED IN ORDER TO CONSTANTLY IMPROVE THE QUALITY OF PATIENT CARE. IN 2022 THE GOG FOUNDATION, INC. CONDUCTED CLINICAL TRIALS THROUGH OUR 300 PLUS INSTITUTIONS. THESE EXPENSES INCLUDED PROTOCOL DEVELOPMENT, REGULATORY AFFAIRS, MEETINGS TO REVIEW TRIAL DATA, TRIAL DEVELOPMENT THROUGH COMMITTEE FUNCTIONS AND OTHER INDIRECT RELATED EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Sharp Chief Financial Officer | Officer | 35 | $301,177 |
Michael S Powers General Counsel | Officer | 35 | $286,879 |
Laura L Reese Executive Director, Operations | Officer | 35 | $268,254 |
Jennifer T Kien Executive Director Of Business Development | Officer | 35 | $237,185 |
Kathleen E Campbell-Simms Executive Director, Clinical Trials Management | Officer | 35 | $160,766 |
Nola R Bencze Compliance Attorney | 35 | $161,787 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dr Thomas J Herzog Md Consulting Services | 12/30/22 | $293,188 |
Dr Robert Coleman Md Consulting Services | 12/30/22 | $266,000 |
University Cancer Associates Inc Consulting Services | 12/30/22 | $259,740 |
Dr Larry J Copeland Md Consulting Services | 12/30/22 | $225,875 |
Dr David O'malley Md Consulting Services | 12/30/22 | $133,260 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,532,775 |
| Investment income | $2,353,060 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,932,505 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,071,681 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,521,161 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,986,971 |
| Pension plan accruals and contributions | $615,465 |
| Other employee benefits | $610,511 |
| Payroll taxes | $364,334 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $478,990 |
| Fees for services: Accounting | $149,839 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,144,721 |
| Advertising and promotion | $794 |
| Office expenses | $172,657 |
| Information technology | $196,655 |
| Royalties | $0 |
| Occupancy | $440,567 |
| Travel | $35,299 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $264,690 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $332,940 |
| All other expenses | $0 |
| Total functional expenses | $60,658,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $961 |
| Savings and temporary cash investments | $24,705,221 |
| Pledges and grants receivable | $388,266 |
| Accounts receivable, net | $5,504,189 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $43,068 |
| Investments—publicly traded securities | $81,762,688 |
| Investments—other securities | $5,466,267 |
| Investments—program-related | $985,449 |
| Intangible assets | $0 |
| Other assets | $51,779 |
| Total assets | $118,907,888 |
| Accounts payable and accrued expenses | $9,120,248 |
| Grants payable | $0 |
| Deferred revenue | $19,693,244 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $28,813,492 |
| Net assets without donor restrictions | $90,094,396 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $90,094,396 |
Grants Awarded
Over the last fiscal year, The Gog Foundation Inc has awarded $208,508 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CURATORS OF THE UNIVERSITY OF MISSOURI SPECIAL TR PURPOSE: GENERAL PURPOSE GRANT | $150,000 |
AMERICAN ASSOCIATION OF OBSTETRICIANS & GYN FOUNDATION PURPOSE: GENERAL PURPOSE GRANT | $45,758 |
SOCIETY OF GYNECOLOGIC ONCOLOGY PURPOSE: SGO FLY IN DAY | $12,750 |