Addario Lung Cancer Medical Institute
- Assets
- $1.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 1
- Location
- San Carlos, CA
- Founding
- 04/2008
- Data as of
- 12/2023
- EIN
- 26-1721868
Organization Overview
Addario Lung Cancer Medical Institute is located in San Carlos, CA. The organization was established in 2008. According to its NTEE Classification (H45) the organization is classified as: Lung Diseases Research, 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. Addario Lung Cancer Medical 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 12/2023, Addario Lung Cancer Medical Institute generated $1.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 5.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ADDARIO LUNG CANCER MEDICAL INSTITUTE ALCMI IS DEDICATED TO CATALYZING AND ACCELERATING THE DISCOVERY, DEVELOPMENT AND DELIVERY OF NEW AND MORE EFFECTIVE TREATMENT OPTIONS FOR LUNG CANCER PATIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH - THE ADDARIO LUNG CANCER MEDICAL INSTITUTE ALCMI IS DEDICATED TO CATALYZING AND ACCELERATING THE DISCOVERY, DEVELOPMENT AND DELIVERY OF NEW AND MORE EFFECTIVE TREATMENT OPTIONS FOR LUNG CANCER PATIENTS. ALCMI IS A PATIENT-FOUNDED, PATIENT-FOCUSED RESEARCH CONSORTIUM. ITS GOAL IS TO MAKE LUNG CANCER A CHRONICALLY MANAGED DISEASE. ALCMI WAS CREATED IN 2008, AND AS A PARTNER ORGANIZATION TODAY WITH GO2 FOR LUNG CANCER FOUNDATION WASH DC, TO ENABLE THE COLLECTION AND ANALYSIS OF TISSUE AND BLOOD SAMPLES WHICH ARE ESSENTIAL TO RESEARCH AND TO THE DEVELOPMENT OF INDIVIDUALLY TAILORED AND MORE EFFECTIVE THERAPIES. ALCMI IS ALSO A COMPREHENSIVELY CONTRACTED CONSORTIUM WITH SHARED INFRASTRUCTURES STANDARDIZED CONTRACTS, DATA SYSTEMS AND BIOREPOSITORIES AND CENTRALLY COORDINATED SCIENTIFIC PLANNING. CONT'D. AT SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Erwin Exec. Dir. Clinical Operations | 40 | $212,562 | |
Tony Addario Chair CEO | OfficerTrustee | 40 | $0 |
Ken Krantz CEO | OfficerTrustee | 40 | $0 |
Bonnie Addario Director | Trustee | 5 | $0 |
Bruce Gellman Director | Trustee | 0.46 | $0 |
Pankaj Patel Director | Trustee | 0.46 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clynproject Cons Llc Clinical Consultants | 12/30/21 | $108,000 |
Harper Clinical Res Srvcsllc Clinical Consultants | 12/30/21 | $207,000 |
Financial Statements
| 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 | $1,321,149 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,321,149 |
| Total Program Service Revenue | $222,957 |
| Investment income | $9,463 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,553,569 |
| 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. | $222,345 |
| Compensation of current officers, directors, key employees. | $22,234 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,251 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,353 |
| Payroll taxes | $22,247 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $838 |
| Fees for services: Accounting | $40,171 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $585,738 |
| Advertising and promotion | $0 |
| Office expenses | $17,711 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,120 |
| Travel | $34,774 |
| 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 | $22,409 |
| All other expenses | $0 |
| Total functional expenses | $1,112,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,000 |
| Savings and temporary cash investments | $309,655 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,862 |
| 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 | $56,273 |
| Net Land, buildings, and equipment | $866 |
| Investments—publicly traded securities | $815,025 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,962 |
| Total assets | $1,490,643 |
| Accounts payable and accrued expenses | $115,850 |
| 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 | $6,962 |
| Total liabilities | $122,812 |
| Net assets without donor restrictions | $950,892 |
| Net assets with donor restrictions | $416,939 |
| 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 | $1,490,643 |