Lung Cancer Initiative
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Raleigh, NC
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 26-2300885
Organization Overview
Lung Cancer Initiative, operating under the name Lung Cancer Initiative Of, is located in Raleigh, NC. The organization was established in 2014. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, Lung Cancer Initiative Of employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lung Cancer Initiative Of 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, Lung Cancer Initiative Of generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 6.9% per year over the past 8 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.
Since 2016, Lung Cancer Initiative Of has awarded 61 individual grants totaling $2,851,054. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ADVANCE SURVIVORSHIP AND PROVIDE SUPPORT TO THOSE AFFECTED BY LUNG CANCER THROUGH RESEARCH, EDUCATION AND ACCESS PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ARE COMMITTED TO INCREASING PUBLIC AWARENESS ABOUT LUNG CANCER AND ADVANCING SURVIVORSHIP. THROUGH OUR EVENTS, OUTREACH INITIATIVES, AND GRASSROOTS OPPORTUNITIES, WE WORK TO LET EVERYONE AFFECTED BY LUNG CANCER KNOW THAT THERE IS HOPE. WE FUNDED LUNG CANCER RESEARCH THROUGH OUR FELLOWS PROGRAM, THROUGH A CAREER DEVELOPMENT RESEARCH GRANT AND THROUGH AN INNOVATION IN LUNG CANCER RESEARCH GRANT. WE REACHED COMMUNITY MEMBERS ACROSS THE STATE THROUGH OUR COMMUNITY EDUCATION SERIES. WE OFFERED A PATIENT EMERGENCY FUND PROGRAM WHICH PROVIDES STIPENDS TO HELP SUPPORT PATIENTS WITH THE FINANCIAL BURDEN OF A LUNG CANCER DIAGNOSIS. WE ALSO CONTINUED A MONTHLY ONLINE SURVIVOR LUNCHEON SERIES. OUR ACCESS TO CARE PROGRAMS INCLUDE DISTRIBUTION OF GAS CARDS FOR LUNG CANCER PATIENTS TO SUPPORT ACCESS TO APPROPRIATE CARE AND TREATMENT AND REACH GRANTS TO COMMUNITY ORGANIZATIONS IN SUPPORT OF ACCESSING SCREENING, TREATMENT, CLINICAL RESEARCH, COMPREHENSIVE BIOMARKER TESTING AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Garst MD Chairman Of | OfficerTrustee | 1 | $0 |
Amy Cipau President & | OfficerTrustee | 5 | $0 |
Jim Sheegog Vice Preside | OfficerTrustee | 3 | $0 |
Emily Parks Secretary | OfficerTrustee | 1 | $0 |
Justin Brian Nicholson Treasurer | OfficerTrustee | 1 | $0 |
Kathryn Mileham MD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $482,992 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $571,436 |
| Noncash contributions included in lines 1a–1f | $32,642 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,054,428 |
| Total Program Service Revenue | $74,160 |
| Investment income | $15,300 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,648 |
| Net Income from Fundraising Events | $37,563 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,186,472 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $465,500 |
| Grants and other assistance to domestic individuals. | $4,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,123 |
| Compensation of current officers, directors, key employees. | $18,022 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $323,164 |
| Pension plan accruals and contributions | $8,648 |
| Other employee benefits | $19,112 |
| Payroll taxes | $32,839 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,221 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,634 |
| Fees for services: Other | $16,436 |
| Advertising and promotion | $14,484 |
| Office expenses | $104,893 |
| Information technology | $45,530 |
| Royalties | $0 |
| Occupancy | $48,146 |
| Travel | $13,380 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,915 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,985 |
| Insurance | $2,049 |
| All other expenses | $0 |
| Total functional expenses | $1,308,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,193 |
| Savings and temporary cash investments | $262,669 |
| Pledges and grants receivable | $168,252 |
| 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 | $117,315 |
| Net Land, buildings, and equipment | $1,984 |
| Investments—publicly traded securities | $559,213 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $195,673 |
| Total assets | $1,347,299 |
| Accounts payable and accrued expenses | $32,541 |
| Grants payable | $0 |
| Deferred revenue | $37,941 |
| 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 | $196,914 |
| Total liabilities | $267,396 |
| Net assets without donor restrictions | $1,057,571 |
| Net assets with donor restrictions | $22,332 |
| 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 | $1,347,299 |
Grants Awarded
Over the last fiscal year, Lung Cancer Initiative has awarded $465,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ATRIUM HEALTH FOUNDATION PURPOSE: RESEARCH & REACH | $25,000 |
UNIVERSITY OF NORTH CAROLINA PURPOSE: RESEARCH FUNDING | $237,500 |
WAKE FOREST UNIVERSITY HEALTH PURPOSE: RESEARCH FUNDING | $87,500 |
DUKE UNIVERSITY PURPOSE: RESEARCH FUNDING | $50,000 |
EAST CAROLINA UNIVERSITY PURPOSE: RESEARCH FUNDING | $12,500 |
LUNGEVITY FOUNDATION PURPOSE: RESEARCH FUNDING | $33,000 |