Hope Funds For Cancer Research
- Assets
- $890.7k
- Revenue
- $317.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Newport, RI
- Founding
- 01/2007
- Data as of
- 12/2022
- 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 12/2022, Hope Funds For Cancer Research generated $317.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $269.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (23.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hope Funds For Cancer Research has awarded 29 individual grants totaling $1,314,117. 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
2022
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
PUBLIC COMMUNICATION & EDUCATION
PROGRAM COSTS AT EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Rg Williams PHD Chairman | Officer | 2 | $0 |
Katherine Dean JD Trustee | Trustee | 1 | $0 |
Lewis C Cantley PHD Honorary Honorary Trustee | Trustee | 1 | $0 |
Leah Rush Cann Trustee | Officer | 2 | $0 |
Dan Gold PHD Trustee | Trustee | 1 | $0 |
Samuel Gillson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $317,359 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $148,757 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $466,116 |
| Total Program Service Revenue | $0 |
| Investment income | $4,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$154,114 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $316,970 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $124,667 |
| 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 | $44,289 |
| Fees for services: Accounting | $10,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,025 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,340 |
| Office expenses | $13,580 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,894 |
| 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 | $1,824 |
| All other expenses | $1,159 |
| Total functional expenses | $268,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $307,878 |
| Savings and temporary cash investments | $535,122 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,333 |
| 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 | $17,374 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $890,707 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $495,000 |
| 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 | $495,000 |
| Net assets without donor restrictions | $395,707 |
| 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 | $890,707 |
Grants Awarded
Over the last fiscal year, Hope Funds For Cancer Research has awarded $372,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
YALE HFCR-22-03-04 | | | $51,500 |
UCSF HFCR-22-03-03 | | | $51,500 |
UCSF HFCR-21-04-04 | | | $53,500 |
DANA-FARBER HFCR-21-04-05 | | | $53,500 |
MSKCC | | | $53,500 |
ROCKEFELLER UNIVERSITY HFCR-21-04-01 | | | $53,500 |