The Leonard And Madlyn Abramson Family Cancer Research Institute
- Assets
- $10.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 17
- Location
- Philadelphia, PA
- Founding
- 06/1999
- Data as of
- 06/2022
- EIN
- 23-2929823
Organization Overview
The Leonard And Madlyn Abramson Family Cancer Research Institute is located in Philadelphia, PA. The organization was established in 1999. 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 06/2022, Leonard And Madlyn Abramson Family Cancer Research Institute employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leonard And Madlyn Abramson Family Cancer Research Institute 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 06/2022, Leonard And Madlyn Abramson Family Cancer Research Institute generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 43.4% each year . All expenses for the organization totaled $669.7k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY EXEMPT PURPOSE OF THE INSTITUTE IS TO CONDUCT CANCER RESEARCH, DIAGNOSIS, AND EDUCATION IN COLLABORATION WITH THE UNIVERSITY OF PENNSYLVANIA ABRAMSON CANCER CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CANCER RESEARCH - CREATE AND MAINTAIN SPECIALIZED LABORATORY FACILITIES REQUIRED TO ENGAGE IN BASIC SCIENCE RESEARCH INCLUDING ANIMAL MODELS, DEVELOP CANCER VACCINES, CONDUCT CLINICAL TRIALS AND ANALYZE LARGE AMOUNTS OF RESEARCH AND PATIENT DATA.
EDUCATION - SCIENTISTS AT THE INSTITUTE ACTIVELY SHARE THEIR DISCOVERIES WITH THE RESEARCH COMMUNITY, PHYSICIANS AND STUDENTS. INSTITUTE RESEARCHERS DEVELOP AND TEACH COURSES ON RECENT ADVANCES IN RESEARCH, SPONSOR SEMINARS WHERE GRADUATE STUDENTS CAN PRESENT RESEARCH, DELIVER GUEST LECTURES AT MAJOR UNIVERSITIES AND CONFERENCES, HOST ESTEEMED INVITED SPEAKERS AND GENERALLY SHARE THEIR FINDINGS AMONGST THE GREATER RESEARCH COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Abramson Wolfson Chairperson/secretary | OfficerTrustee | 1 | $0 |
Leonard Abramson Director | Trustee | 1 | $0 |
Betsy Z Cohen Director | Trustee | 1 | $0 |
Ezekiel J Emanuel Director | Trustee | 1 | $0 |
Amy Gutmann Director | Trustee | 1 | $0 |
J Larry Jameson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $237,808 |
| Related organizations | $1,420,903 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,772 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,672,483 |
| Total Program Service Revenue | $0 |
| Investment income | $7,449 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $49,706 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,729,638 |
| 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 | $258,087 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $92,527 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $142,941 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,623 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $669,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,503 |
| Savings and temporary cash investments | $10,832,396 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,500 |
| 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 | $0 |
| 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 | $10,841,399 |
| Accounts payable and accrued expenses | $7,600 |
| Grants payable | $0 |
| Deferred revenue | $24,000 |
| 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 | $1,560,971 |
| Total liabilities | $1,592,571 |
| Net assets without donor restrictions | $8,284,461 |
| Net assets with donor restrictions | $964,367 |
| 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 | $10,841,399 |