Ray Of Hope Cancer Foundation
- Assets
- $3.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Denver, CO
- Founding
- 02/2003
- Data as of
- 12/2021
- EIN
- 27-0029283
Organization Overview
Ray Of Hope Cancer Foundation is located in Denver, CO. The organization was established in 2003. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 12/2021, Ray Of Hope Cancer Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ray Of Hope Cancer Foundation 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 12/2021, Ray Of Hope Cancer Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 11.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION RESPONDS TO THE URGENT NEEDS OF COLORADANS WITH CANCER BY PROVIDING FINANCIAL ASSISTANCE WITH DIGNITY AND HUMANITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO CANCER PATIENTS WITH MARGINAL RESOURCES OF ALL AGES THROUGHOUT COLORADO. A GRANTS COMMITTEE, COMPRISED OF A MULTI-DISCIPLINARY GROUP OF MEDICAL PROFESSIONALS, SOCIAL WORKERS AND COMMUNITY MEMBERS MEETS MONTHLY TO APPROVE APPLICATIONS RECEIVED BY THE FOUNDATION. IN 2021, THE FOUNDATION AWARDED GRANTS AND OTHER ASSISTANCE TO 820 CANCER PATIENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Audra Fleming Executive Director | Officer | 40 | $94,320 |
Clarissa Collier Chair | OfficerTrustee | 1 | $0 |
Jenny Lagerberg Treasurer | OfficerTrustee | 1 | $0 |
Anna-Liisa Mullis JD Vice Chair | OfficerTrustee | 1 | $0 |
Jon Kettelhut Secretary | OfficerTrustee | 1 | $0 |
Stacy Fischer MD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $134,010 |
| Related organizations | $0 |
| Government grants | $46,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $652,224 |
| Noncash contributions included in lines 1a–1f | $101,697 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $832,434 |
| Total Program Service Revenue | $0 |
| Investment income | $70,225 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $272,208 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,174,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $620,192 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,501 |
| Compensation of current officers, directors, key employees. | $21,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $152,021 |
| Pension plan accruals and contributions | $7,784 |
| Other employee benefits | $11,541 |
| Payroll taxes | $21,197 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,602 |
| Fees for services: Other | $14,277 |
| Advertising and promotion | $2,058 |
| Office expenses | $17,836 |
| Information technology | $14,786 |
| Royalties | $0 |
| Occupancy | $19,357 |
| Travel | $3,439 |
| 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 | $1,000 |
| Insurance | $679 |
| All other expenses | $6,792 |
| Total functional expenses | $1,037,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,617 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $86,429 |
| Accounts receivable, net | $329 |
| 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 | $1,667 |
| Investments—publicly traded securities | $2,973,541 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,129,583 |
| Accounts payable and accrued expenses | $1,482 |
| 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 | $0 |
| Total liabilities | $1,482 |
| Net assets without donor restrictions | $2,476,735 |
| Net assets with donor restrictions | $651,366 |
| 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 | $3,129,583 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ray Of Hope Cancer Foundation has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Wann Family Foundation Syosset, NY PURPOSE: CANCER RESEARCH FUND | $500 |
Endowment Analysis
| Beg. Balance | $444,398 |
| Earnings | $67,535 |
| Ending Balance | $511,933 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pathways Hospice Denver, CO | $25,746,800 | $20,933,159 |
Islands Hospice Inc Tulsa, OK | $0 | $18,704,481 |
Harry Hynes Memorial Hospice Inc Wichita, KS | $18,123,578 | $18,414,885 |
Pikes Peak Hospice And Palliative Care Inc Denver, CO | $11,445,812 | $14,838,483 |
Mesilla Valley Hospice Inc Las Cruces, NM | $23,145,054 | $10,360,548 |
Hospice Of Havasu Inc Lake Havasu City, AZ | $15,881,309 | $8,122,758 |
Mount Evans Hospice Inc Evergreen, CO | $7,027,978 | $8,830,994 |
Cross Timbers Hospice Inc Ardmore, OK | $47,773,267 | $9,000,556 |
Hospice Of Reno County Inc Hutchinson, KS | $5,491,995 | $6,865,679 |
Seasons Hospice Inc Tulsa, OK | $802,623 | $6,190,520 |
Seasons Hospice Inc Tulsa, OK | $834,584 | $5,407,792 |
Hospice Of The Valley Inc Glenwood Springs, CO | $1,387,714 | $4,692,043 |