Miles Of Hope Breast Cancer Foundation Inc
- Assets
- $2.5m
- Revenue
- $408.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Lagrangeville, NY
- Founding
- 07/2005
- Data as of
- 12/2021
- EIN
- 13-4281796
Organization Overview
Miles Of Hope Breast Cancer Foundation Inc is located in Lagrangeville, NY. The organization was established in 2005. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Miles Of Hope Breast Cancer Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miles Of Hope Breast Cancer 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, Miles Of Hope Breast Cancer Foundation Inc generated $408.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $425.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Miles Of Hope Breast Cancer Foundation Inc has awarded 79 individual grants totaling $1,574,118. 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 MISSION OF THE FOUNDATION IS TO FUND SUPPORT SERVICES, OUTREACH, AND EDUCATION TO PEOPLE AFFECTED BY BREAST CANCER WITHIN THE NINE COUNTIES OF THE HUDSON VALLEY, NEW YORK (COLUMBIA, DUTCHESS, GREENE, ORANGE, PUTNAM, ROCKLAND, SULLIVAN, ULSTER, AND WESTCHESTER COUNTIES)
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL GAP CARE FUND IS FOR INDIVIDUALS FACING LIFE EMERGENCIES AND/OR COSTS NOT COVERED BY HEALTH INSURANCE WHILE IN TREATMENT FOR BREAST CANCER.
TEN SCHOLARSHIPS FOR HIGH SCHOOL SENIORS WHOSE LIVES HAVE BEEN AFFECTED BY BREAST CANCER. SCHOLARSHIPS ARE GIVEN IN ALL NINE COUNTIES.
PEER TO PEER PROGRAM UNITING RECENTLY DIAGNOSED BREAST CANCER PATIENTS WITH TRAINED SURVIVORS.
ALL OTHER PROGRAMS FOR THE FURTHERANCE OF PROVIDING FUNDS FOR SUPPORT SERVICES AND OUTREACH FOR PEOPLE AFFECTED BY BREAST CANCER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pari Forood Executive Director | Officer | 40 | $84,003 |
Salvatore V Raccuia MD Board Chair | OfficerTrustee | 2 | $0 |
Brian Powers Treasurer/vice Chair | OfficerTrustee | 4 | $0 |
Cathy Varunok Secretary/co-Founder | OfficerTrustee | 4 | $0 |
Lisa Arnoff Board Member | Trustee | 3 | $0 |
Susan Boolbol MD Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,839 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,839 |
| Total Program Service Revenue | $0 |
| Investment income | $51,084 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $232,178 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $408,101 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $142,500 |
| Grants and other assistance to domestic individuals. | $27,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,003 |
| Compensation of current officers, directors, key employees. | $36,121 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,325 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,947 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,428 |
| Fees for services: Other | $2,256 |
| Advertising and promotion | $4,774 |
| Office expenses | $14,451 |
| Information technology | $16,493 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,200 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $239 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,022 |
| All other expenses | $5,455 |
| Total functional expenses | $425,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,899 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $5,803 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,320,977 |
| Total assets | $2,475,679 |
| Accounts payable and accrued expenses | $5,237 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $5,237 |
| Net assets without donor restrictions | $2,320,058 |
| Net assets with donor restrictions | $150,384 |
| 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 | $2,475,679 |
Grants Awarded
Over the last fiscal year, Miles Of Hope Breast Cancer Foundation Inc has awarded $140,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Cornwall, NY PURPOSE: MEDICAL GAP CARE | $50,000 |
Poughkeepsie, NY PURPOSE: MEDICAL GAP CARE | $40,000 |
Kingston, NY PURPOSE: MEDICAL GAP CARE | $27,500 |
Yorktown Heights, NY PURPOSE: PEER TO PEER | $15,000 |
Purchase, NY PURPOSE: MEDICAL GAP CARE | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Miles Of Hope Breast Cancer Foundation Inc has recieved totaling $37,405.
| Awarding Organization | Amount |
|---|---|
Community Foundations Of The Hudson Valley Poughkeepsie, NY PURPOSE: HEALTH CARE | $24,447 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,139 |
Evelyn M@davies Charitable Trust Poughkeepsie, NY PURPOSE: CANCER RESEARCH | $5,000 |
Ulster Savings Charitable Foundation Kingston, NY PURPOSE: EXEMPT PURPOSE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $405 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $224 |
Endowment Analysis
| Beg. Balance | $1,838,094 |
| Earnings | $324,789 |
| Admin Expense | -$18,023 |
| Net Contributions | $213,030 |
| Other Expense | -$67,604 |
| Grants | -$157,500 |
| Ending Balance | $2,132,786 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Autism Speaks Inc Princeton, NJ | $46,226,879 | $53,701,450 |
Service Coordination Unlimited Inc Pittsburgh, PA | $4,474,883 | $7,015,271 |
Integrate Health Inc Medway, MA | $11,519,968 | $5,602,759 |
Neuroendocrine Tumor Research Foundation Boston, MA | $26,608,419 | $8,207,303 |
Eagles Autism Challenge Inc Philadelphia, PA | $4,671,801 | $3,218,137 |
Hope & Heroes Childrens Cancer Fund New York, NY | $6,179,073 | $4,699,771 |
Sharsheret Inc Teaneck, NJ | $13,435,565 | $7,157,553 |
Town Fair Tire Foundation Inc East Haven, CT | $52,065,135 | $4,401,407 |
The Abim Foundation Philadelphia, PA | $92,491,227 | $11,488,048 |
Cure Rare Disease Inc Boston, MA | $1,470,434 | $2,486,822 |
Bringing Hope Home Inc Malvern, PA | $706,369 | $2,303,858 |
Cookies For Kids Cancer Califon, NJ | $3,410,240 | $2,364,523 |