The Ricbac Foundation
- Assets
- $46.2m
- Revenue
- $5.4m
- Investments
- $45.2m
- Employees
- 0
- Location
- Newtonville, MA
- Founding
- 02/1979
- Data as of
- 12/2021
- EIN
- 04-2660137
Organization Overview
The Ricbac Foundation is located in Newtonville, MA. The organization was established in 1979. According to its NTEE Classification (H30) the organization is classified as: Cancer Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ricbac Foundation 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, Ricbac Foundation generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 3.6% per year over the past 5 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 2017, Ricbac Foundation has awarded 26 individual grants totaling $29,325,930. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Isselbacher MD Trustee, Chairman | 7 | $40,000 | |
Anne Becker Trustee, Treasurer | 7 | $40,000 | |
Peter Hermann Trustee | 1 | $7,500 | |
Hugh Barry Trustee | 1 | $7,500 | |
Ray A Goldberg MBA PHD Trustee | 1 | $0 | |
Walter Salmon Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Lewis | 12/30/20 | $53,323 |
Ubs Investments | 12/30/20 | $176,358 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,140 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,112,714 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,295,949 |
| Capital Gain Net Income | $4,295,949 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$5,839 |
| Total Revenue | $5,404,964 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $95,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $392 |
| Taxes | $84,414 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $232,448 |
| Total operating and administrative expenses | $460,327 |
| Contributions, gifts, grants paid | $3,848,108 |
| Total expenses and disbursements | $4,308,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $880,166 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,418,610 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $31,978 |
| Total assets | $46,150,580 |
| Accounts payable and accrued expenses | $88,387 |
| Grants payable | $2,062,261 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,150,648 |
Grants Awarded
Over the last fiscal year, The Ricbac Foundation has awarded $4,963,260 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MASS GENERAL HOSPITAL PURPOSE: MEDICAL CANCER RESEARCH | $2,823,108 |
MASS GENERAL HOSPITAL - PRIOR YEAR GRANTS PAID IN CURRENT YEAR PURPOSE: MEDICAL CANCER RESEARCH | $1,000,000 |
HARVARD MEDICAL SCHOOL- PRIOR YEAR GRANTS PAID IN CURRENT YEAR PURPOSE: MEDICAL CANCER RESEARCH | $550,000 |
COOPER UNION - PRIOR YEAR GRANTS PAID IN CURRENT YEAR PURPOSE: MEDICAL CANCER RESEARCH | $515,152 |
UT SOUTHWESTERN MEICAL CENTER PURPOSE: MEDICAL CANCER RESEARCH | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Count Me In Inc Cambridge, MA | $7,331,909 | $8,017,841 |
Lung Cancer Research Foundation New York, NY | $5,738,095 | $6,154,252 |
The Ricbac Foundation Newtonville, MA | $46,150,580 | $5,404,964 |
Samuel Waxman Cancer Research Foundation New York, NY | $4,834,675 | $2,510,809 |
Advanced Medical Research Foundation Inc Brookline, MA | $69,323,551 | $6,501,514 |
International Myeloma Society Needham, MA | $7,371,497 | $4,469,545 |
Laniado Development Fund Inc Monsey, NY | $541,683 | $1,706,128 |
American-Italian Cancer Foundation New York, NY | $5,209,552 | $1,660,961 |
Stachestrong Inc Vestal, NY | $447,946 | $1,183,926 |
Cancer Research & Treatment Fund Inc New York, NY | $14,862,676 | $1,096,322 |
Animal Cancer Foundation Port Washington, NY | $876,698 | $316,207 |
Hairy Cell Leukemia Foundation New York, NY | $2,260,828 | $2,372,436 |