Society For Translational Oncology Inc is located in Durham, NC. The organization was established in 2009. 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 12/2023, Society For Translational Oncology Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society For Translational Oncology 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 12/2023, Society For Translational Oncology Inc generated $467.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $722.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AS A NONPROFIT PROFESSIONAL ASSOCIATION DEDICATED TO PROVIDING CONTINUING EDUCATION FOR ONCOLOGY AND HEMATOLOGY/ONCOLOGY PROFESSIONALS, STO HELPS IMPROVE THE QUALITY, SAFETY AND EQUITY OF CARING FOR CANCER PATIENTS AND OTHERS WITH WEAKENED IMMUNE SYSTEMS BY ENSURING THE FOLLOWING EXPECTED RESULTS ARE FULFILLED VIA ITS EDUCATIONAL PROGRAMMING: (1) KNOWLEDGE AND STRATEGIES FOR IMPLEMENTATION OF CRITICAL NEW DEVELOPMENTS IN CANCER TREATMENT ARE BROUGHT FORTH TO COMMUNITY ONCOLOGY CARE TEAMS; (2) THE TRANSLATIONAL GAP BETWEEN DISCOVERY AND DELIVERY OF CARE TO THE PATIENT IS BRIDGED BY PROVIDING CONTENT THAT IS EVIDENCE-BASED AND FALLS WITHIN THE DISCIPLINE OF CLINICAL MEDICINE; (3) CONTINUING MEDICAL EDUCATION ACTIVITIES ARE RELEVANT AND IMPACT THE PROFESSIONAL PRACTICE OF PHYSICIANS, NURSES, PHARMACISTS AND OTHER MEMBERS OF HEALTHCARE TEAMS WHO NOT ONLY TREAT PATIENTS WITH CANCER BUT OTHERS WITH WEAKENED IMMUNE SYSTEMS; (4) ACTIVITIES IMPACT THE PERFORMANCE OF PHYSICIANS AND OTHER INT
Describe the Organization's Program Activity:
Part 3 - Line 4a
HARMONY/GLOBAL HARMONIZATION OF CANCER TRIALS IS A MULTI-YEAR STO GUIDED INITIATIVE TO ENHANCE AND SUPPORT THE DEVELOPMENT OF NOVEL STRATEGIES FOR IMPROVED CANCER TREATMENT AND PREVENTION. GLOBAL HARMONIZATION WOULD ALLOW FOR SEAMLESS DEVELOPMENT OF CANCER THERAPIES USING COMMON STANDARDS AND BEST PRACTICES THAT HARMONIZE INDUSTRY, INSTITUTIONAL, AND REGULATORY PRACTICES ACROSS THE GLOBE. THE FOCUS OF THIS INITIATIVE IS TO ENCOURAGE HARMONIZATION ACROSS FOUR REGIONS: THE UNITED STATES, GOVERNED BY THE FEDERAL DRUG ADMINISTRATION (FDA); THE EUROPEAN UNION, GOVERNED BY THE EUROPEAN MEDICINES AGENCY (EMA); CHINA, GOVERNED BY THE NATIONAL MEDICAL PRODUCTS ADMINISTRATION (NMPA); AND AFRICA, GOVERNED BY THE AFRICAN MEDICINES AGENCY (AMA).
THE SOCIETY FOR TRANSLATIONAL ONCOLOGY (STO) IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION THAT PROMOTES HIGH-QUALITY, EQUITABLE PATIENT CARE AND FOSTERS THE DISCOVERY AND CLINICAL TRANSLATION OF IMPORTANT NEW THERAPIES THAT ENHANCE THE PRACTICE OF GLOBAL ONCOLOGY AS WELL AS SUPPORTS THE PREVENTION AND TREATMENT OF INFECTIOUS DISEASES THAT IMPACT CANCER PATIENTS AND OTHERS WITH WEAKENED IMMUNE SYSTEMS, THUS HELPING PROTECT THE VULNERABLE FROM LIFE-THREATENING INFECTIONS. STO BRIDGES A TRANSLATIONAL GAP BETWEEN DRUG DISCOVERY AND APPROVED DRUG DELIVERY WITH A PORTFOLIO OF EDUCATIONAL ACTIVITIES FOR PHYSICIANS AND OTHER MEMBERS OF THE HEALTHCARE TEAM. STO'S DECADES-LONG COMMITMENT TO TRANSLATIONAL RESEARCH AND EDUCATION INCLUDES FELLOWSHIPS IN BOTH CANCER AND INFECTIOUS DISEASES. THE LATTER HAS BECOME A CRITICAL STO COMMITMENT DURING THE COVID-19 PANDEMIC FROM THE GLOBAL GENESIS TO WORLDWIDE DISTRIBUTION OF NEW VACCINES AND IMPROVED THERAPEUTICS. STO IS COMMITTED TO DIVERSITY, INCLUSIVITY, AND EQUITY THROUGHOUT OUR PROGRAMS.
WE CONTINUED OUR ANNUAL INTENSIVE FORUM, STOFF, THAT BRINGS TOGETHER 25 FELLOWS AND JUNIOR CANCER RESEARCHERS WITHIN 5 YEARS OF TRAINING COMPLETION FROM LEADING MEDICAL, SURGICAL, RADIATION, AND PEDIATRIC ONCOLOGY GROUPS AND SUBSPECIALTY FELLOWSHIPS TO EDUCATE THESE RISING STARS ON ISSUES AROUND AND BARRIERS TO SUCCESSFUL TRANSLATIONAL CANCER RESEARCH. THE BROAD-BASED CURRICULUM COVERED A RANGE OF TOPICS RELATED TO NEW DRUG DEVELOPMENT. IN ADDITION, IT ADDRESSED KEY ISSUES THAT EARLY-CAREER ONCOLOGISTS MAY FACE. ONE OF THE HIGHLIGHTS OF STOFF AND WHAT SETS IT APART FROM OTHER PROGRAMS IS THE FACULTY TO FELLOW RATIO OF 1:1.5. TRAINEES HAVE UNIQUE OPPORTUNITIES TO CONNECT WITH OTHER SCIENTISTS AND CLINICIANS REGARDING TRANSLATIONAL RESEARCH EFFORTS THAT BENEFIT FROM MULTIDISCPLINARY AND INTERPROFESSIONAL INVESTIGATION.
WE CONTINUED A MULTI-YEAR PARTNERSHIP WITH MD ANDERSON AND AXDEV WHICH WILL CONCLUDE IN 2024. THIS EDUCATIONAL PROGRAM PERFORMANCE IMPROVEMENT DEMONSTRATION PROJECT: OPTIMIZING INTEGRATION OF MOLECULAR TESTING IN LUNG AND THYROID CANCERS IS AIMED AT PROVIDING A ROADMAP OF LESSONS LEARNED TO RAISE AWARENESS OF MOLECULAR TESTING. THE OBJECTIVES ARE TO IDENTIFY THE ELEMENTS OF BEST PRACTICES FROM THE DEMONSTRATION PROJECT WHICH COULD BE REPLICATED IN OTHER INSTITUTIONS AND DEVELOP A NATIONAL EDUCATION PROGRAM TO GUIDE DEPLOYMENT OF SIMILAR INTERVENTIONS TO IMPROVE AWARENESS, ACCESS, AND INTEGRATION OF MOLECULAR TESTING ACROSS THE US AND MEASURE THE IMPACT (TO HELP OTHER COMMUNITY ONCOLOGY SITES WITHIN THE MDACC NETWORK AS WELL AS OUTSIDE OF IT).
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ann Murphy PHD Executive Director | OfficerTrustee | 1 | $0 |
Martin J Murphy Dmedsc PHD Fasco Chairman | OfficerTrustee | 1 | $0 |
Kenneth B Lee MBA Treasurer | OfficerTrustee | 1 | $0 |
Sean Khozin MD MPH Director | Trustee | 1 | $0 |
Ke Liu MD PHD Director | Trustee | 1 | $0 |
Mace L Rothenberg MD Facp Director | Trustee | 1 | $0 |
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 | $339,309 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $339,309 |
Total Program Service Revenue | $0 |
Investment income | $49,568 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $77,525 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $467,002 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $139,556 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $10,676 |
Fees for services: Management | $15,722 |
Fees for services: Legal | $3,948 |
Fees for services: Accounting | $26,048 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $294,247 |
Advertising and promotion | $0 |
Office expenses | $8,113 |
Information technology | $3,217 |
Royalties | $0 |
Occupancy | $0 |
Travel | $51,987 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $138,012 |
Interest | $3,314 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $407 |
Insurance | $6,015 |
All other expenses | $2,263 |
Total functional expenses | $722,531 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $46,558 |
Savings and temporary cash investments | $228,662 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $107 |
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 | $14,078 |
Net Land, buildings, and equipment | $815 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $1,235,777 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,525,997 |
Accounts payable and accrued expenses | $116,785 |
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 | $2,040 |
Total liabilities | $118,825 |
Net assets without donor restrictions | $404,881 |
Net assets with donor restrictions | $1,002,291 |
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 | $1,525,997 |