Hoosier Cancer Research Network Inc
- Assets
- $10.4m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 74
- Location
- Indianapolis, IN
- Founding
- 01/2008
- Data as of
- 06/2022
- EIN
- 26-0303542
Organization Overview
Hoosier Cancer Research Network Inc is located in Indianapolis, IN. The organization was established in 2008. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2022, Hoosier Cancer Research Network Inc employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hoosier Cancer Research Network 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 06/2022, Hoosier Cancer Research Network Inc generated $10.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $11.4m during the year ending 06/2022. While expenses have increased by 9.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO REDUCE THE BURDEN OF CANCER BY ADVANCING CANCER RESEARCH, EDUCATION, AND PATIENT ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INVESTIGATOR-INITIATED STUDIES - THESE ARE STUDIES CREATED BY NON-INDUSTRY PHYSICIANS, MOST COMMONLY FOR US FROM ACADEMIC INSTITUTIONS BUT POSSIBLY ALSO FROM COMMUNITY SITES, AND THOSE PHYSICIANS SERVE AS SPONSOR-INVESTIGATORS. WHEN WE CONDUCT/MANAGE THESE STUDIES, WE PRESERVE RIGHTS FOR US AND OUR MEMBER INSTITUTIONS TO PUBLISH AND ACCESS DATA FOR THE PUBLIC BENEFIT CONSISTENT WITH OUR TAX EXEMPT PURPOSE. THESE STUDIES MAY BE FUNDED BY INDUSTRY, BUT INDUSTRY IS NOT THE SPONSOR. THE SPONSOR INVESTIGATOR OWNS THE PROTOCOL AND DATA IN AN IIT AND INDUSTRY GETS TO USE THE DATA.
GOVERNMENT PROGRAMS - THE ORGANIZATION TEAMS UP WITH LOCAL UNIVERSITIES, HOSPITALS, AND OTHER COMMUNITY HEALTH ORGANIZATIONS IN ORDER TO PERFORM FEDERAL CONTRACT RESEARCH IN THE CANCER COMMUNITY. THROUGH SUBAWARDS WITH VARIOUS UNIVERSITIES, HOOSIER CANCER RESEARCH NETWORK CONDUCTS PATIENT RESEARCH WITH VARIOUS FEDERAL CANCER PROGRAMS.
INDUSTRY-SPONSORED STUDIES - ON RARE OCCASIONS, WE GET INVOLVED IN INDUSTRY-SPONSORED STUDIES, MEANING A STUDY INITIATED AND CONDUCTED BY A PHARMACEUTICAL COMPANY. WHEN WE WORK ON THOSE STUDIES, WE PRESERVE RIGHTS FOR US AND OUR SITES TO PUBLISH AND ACCESS DATA FOR THE PUBLIC BENEFIT CONSISTENT WITH OUR TAX-EXEMPT PURPOSE. WE DO NOT WORK ON INDUSTRY-SPONSORED STUDIES IN WHICH WE CANNOT PRESERVE PUBLICATION AND DATA ACCESS RIGHTS FOR US AND OUR MEMBER SITES (BECAUSE TO DO SO WOULD BE INCONSISTENT WITH OUR TAX EXEMPT PURPOSE). PHARMA FUNDS THESE STUDIES AND ALSO ACTS AS THE SPONSOR. PHARMA OWNS THE PROTOCOL AND DATA IN THESE STUDIES, AND SITES (AND WE) GET TO USE THE DATA FOR PUBLICATION PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | OfficerTrustee | 0.2 | $0 |
Name Not Listed Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 0.2 | $0 |
Name Not Listed Chief Scientific Officer (partial Year) | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 0.2 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $718,055 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,326 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $722,381 |
| Total Program Service Revenue | $9,317,631 |
| Investment income | $84,998 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $185,694 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,310,704 |
| 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. | $382,862 |
| Compensation of current officers, directors, key employees. | $137,830 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,341,221 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $688,277 |
| Payroll taxes | $312,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $305 |
| Fees for services: Accounting | $32,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $921,155 |
| Advertising and promotion | $0 |
| Office expenses | $80,209 |
| Information technology | $972,554 |
| Royalties | $0 |
| Occupancy | $468,596 |
| Travel | $3,569 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,175 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,229 |
| Insurance | $159,653 |
| All other expenses | $30,986 |
| Total functional expenses | $11,389,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $2,623,279 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,742,513 |
| 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 | $210,601 |
| Investments—publicly traded securities | $2,756,936 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $25,000 |
| Other assets | $0 |
| Total assets | $10,358,529 |
| Accounts payable and accrued expenses | $2,273,025 |
| Grants payable | $0 |
| Deferred revenue | $375,012 |
| 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 | $2,648,037 |
| Net assets without donor restrictions | $7,536,655 |
| Net assets with donor restrictions | $173,837 |
| 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 | $10,358,529 |
Grants Awarded
Over the last fiscal year, Hoosier Cancer Research Network Inc has awarded $50,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANA UNIVERSITY FOUNDATION PURPOSE: Program Support | $15,000 |
THE FOUNDATION FOR MORRISTOWN MEDICAL CENTER PURPOSE: Program Support | $10,000 |
INDIANA UNIVERSITY FOUNDATION PURPOSE: Program Support | $15,000 |
THE FOUNDATION FOR MORRISTOWN MEDICAL CENTER PURPOSE: Program Support | $10,000 |