Dana-Farber Cancer Institute
- Assets
- $4.7b
- Revenue
- $3.4b
- Investments
- $0.0
- Employees
- 8,690
- Location
- Boston, MA
- Founding
- 04/1962
- Data as of
- 09/2023
- EIN
- 04-2263040
Organization Overview
Dana-Farber Cancer Institute is located in Boston, MA. The organization was established in 1962. 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 09/2023, Dana-Farber Cancer Institute employed 8,690 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dana-Farber Cancer Institute 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 09/2023, Dana-Farber Cancer Institute generated $3.4b in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $3.0b during the year ending 09/2023. While expenses have increased by 10.6% per year over the past 8 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 2015, Dana-Farber Cancer Institute has awarded 190 individual grants totaling $31,753,475. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
CLINICAL CARE - SEE SCHEDULE O
RESEARCH - SEE SCHEDULE O
COMMUNITY BENEFITS - SEE SCHEDULE O
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee & Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Trustee & Chairman | OfficerTrustee | 2 | $0 |
Name Not Listed Trustee, President & CEO | OfficerTrustee | 44 | $2,000,525 |
Name Not Listed Trustee & Secretary (as Of 7/31/23) | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee & Vice-Chairman | OfficerTrustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brigham And Women's Hospital Medical Services | 9/29/23 | $219,939,406 |
Mckesson Speciality Care Distribution Speciality Drug Distr. Ser. | 9/29/23 | $29,533,396 |
South Shore Hospital Medical Services | 9/29/23 | $27,594,757 |
Cardinal Health Medical Services | 9/29/23 | $26,368,160 |
Cardinal Health 110 Inc Medical Services | 9/29/23 | $19,257,129 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $141,096 |
| Membership dues | $0 |
| Fundraising events | $25,976,340 |
| Related organizations | $816,813 |
| Government grants | $195,987,199 |
| All other contributions, gifts, grants, and similar amounts not included above | $538,111,027 |
| Noncash contributions included in lines 1a–1f | $20,040,844 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $761,032,475 |
| Total Program Service Revenue | $2,278,805,851 |
| Investment income | $4,887,533 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $328,166,726 |
| Net Rental Income | $1,446,928 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,120,637 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,387,587,769 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,067,247 |
| Grants and other assistance to domestic individuals. | $4,013,008 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,754,379 |
| Compensation of current officers, directors, key employees. | $5,625,334 |
| Compensation to disqualified persons | $1,768,851 |
| Other salaries and wages | $753,068,322 |
| Pension plan accruals and contributions | $45,986,419 |
| Other employee benefits | $85,085,411 |
| Payroll taxes | $52,959,024 |
| Fees for services: Management | $4,983,036 |
| Fees for services: Legal | $15,244,591 |
| Fees for services: Accounting | $930,956 |
| Fees for services: Lobbying | $718,727 |
| Fees for services: Fundraising | $5,540,361 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,431,213 |
| Advertising and promotion | $12,056,100 |
| Office expenses | $32,219,350 |
| Information technology | $87,745,193 |
| Royalties | $0 |
| Occupancy | $151,911,052 |
| Travel | $10,922,587 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,214,224 |
| Interest | $27,649,883 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,439,039 |
| Insurance | $7,807,080 |
| All other expenses | $174,717,436 |
| Total functional expenses | $3,002,803,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $89,329,951 |
| Pledges and grants receivable | $86,742,438 |
| Accounts receivable, net | $302,351,892 |
| Loans from Officers, Directors, or Controlling Persons | $479,137 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $82,174,522 |
| Prepaid expenses and deferred charges | $106,554,859 |
| Net Land, buildings, and equipment | $933,280,803 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,894,580 |
| Other assets | $3,126,436,883 |
| Total assets | $4,735,245,065 |
| Accounts payable and accrued expenses | $212,881,914 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $487,342,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $69,357,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $605,089,312 |
| Total liabilities | $1,374,670,226 |
| Net assets without donor restrictions | $1,735,209,356 |
| Net assets with donor restrictions | $1,625,365,483 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,735,245,065 |
Grants Awarded
Over the last fiscal year, Dana-Farber Cancer Institute has awarded $3,971,297 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD UNIVERSITY PURPOSE: Cancer Research and Devlp | $1,416,716 |
CITY OF BOSTON PURPOSE: Community Support | $1,611,263 |
GREEN ROOTS PURPOSE: Community Support | $200,000 |
ALTERNATIVE FOR COMMUNITY AND ENVIRONMENT WITH MPHA PURPOSE: Community Support | $200,000 |
BOSTON ATHLETIC ASSOCIATION PURPOSE: Community Support | $150,000 |
WHITTIER STREET HEALTH CENTER PURPOSE: Community Support | $67,318 |