Hope Funds For Cancer Research
- Assets
- $971.9k
- Revenue
- $743.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Newport, RI
- Founding
- 01/2007
- Data as of
- 12/2021
- EIN
- 20-5799367
Organization Overview
Hope Funds For Cancer Research is located in Newport, RI. The organization was established in 2007. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, 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. Hope Funds For Cancer Research 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, Hope Funds For Cancer Research generated $743.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $840.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hope Funds For Cancer Research has awarded 22 individual grants totaling $941,617. 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 HOPE FUNDS FOR CANCER RESEARCH IS TO ENCOURAGE INVESTIGATION OF INNOVATIVE CANCER TREATMENT AND DETECTION FOR THE MOST DIFFICULT-TO-TREAT AND UNDERSTUDIED CANCERS. THE ORGANIZATION SUPPORTS SCIENTIFIC AND MEDICAL RESEARCH PROGRAMS RELATING TO BOTH CANCER CARE AND PREVENTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH GRANTS
PROGRAM COSTS AT EVENTS
PUBLIC COMMUNICATION AND INFORMATION ABOUT RESEARCH PROGRAMS AND LATEST FINDINGS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leah Rush Cann Chair Of The Executive Committee | OfficerTrustee | 2 | $0 |
Samuel Gillson Treasurer | OfficerTrustee | 2 | $0 |
Steven A Navarro JD Trustee | OfficerTrustee | 1 | $0 |
Eugene Kennedy MD Trustee | Trustee | 1 | $0 |
Dan Gold PHD Trustee | Trustee | 1 | $0 |
Robert Johnson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $219,603 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $616,501 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $836,104 |
| Total Program Service Revenue | $0 |
| Investment income | $2,243 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$94,549 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $743,798 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $697,009 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,140 |
| Fees for services: Accounting | $4,737 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,560 |
| Advertising and promotion | $10,539 |
| Office expenses | $15,063 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,600 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,682 |
| All other expenses | $575 |
| Total functional expenses | $840,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,893 |
| Savings and temporary cash investments | $508,818 |
| 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 | $41,033 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,116 |
| Total assets | $971,860 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $656,000 |
| 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 | $656,000 |
| Net assets without donor restrictions | $315,860 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $971,860 |
Grants Awarded
Over the last fiscal year, Hope Funds For Cancer Research has awarded $434,199 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY | | $55,500 |
Boston, MA | | $53,500 |
La Jolla, CA | | $53,500 |
New York, NY | | $51,500 |
La Jolla, CA | | $51,500 |
San Francisco, CA | | $51,500 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Hope Funds For Cancer Research has recieved totaling $521,189.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $220,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $165,000 |
Thomas A Rodgers Jr Family Foundation Newport, RI PURPOSE: PROGRAMMING | $55,000 |
The Community Foundation Of Utah Salt Lake City, UT PURPOSE: GENERAL SUPPORT | $30,000 |
Wilshire Charitable Foundation Oklahoma City, OK PURPOSE: MEDICALRESEARCH | $25,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $8,648 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pan-Massachusetts Challenge Inc Needham, MA | $4,238,156 | $66,009,480 |
Health Effects Institute Boston, MA | $12,526,721 | $12,481,645 |
Life Science Cares Inc Cambridge, MA | $8,104,702 | $8,289,428 |
Haymakers For Hope Inc Wellesley, MA | $644,411 | $4,070,620 |
The Progeria Research Foundation Inc Peabody, MA | $53,690,802 | $49,219,762 |
Dubai Harvard Foundation For Medical Research Inc Boston, MA | $15,096,309 | $431,547 |
The Curetivity Foundation Darien, CT | $568,541 | $2,365,515 |
Jett Foundation Inc Plymouth, MA | $2,196,455 | $2,598,639 |
Adenoid Cystic Carcinoma Researchfoundation Needham, MA | $3,133,519 | $2,427,133 |
Detectogether Inc Westborough, MA | $4,462,075 | $2,393,158 |
Tedmed Foundation Stamford, CT | $65,852,327 | $79,032 |
Project Purple Inc Seymour, CT | $1,123,712 | $1,393,702 |