University Of Kentucky Markey Cancer Foundation Inc
- Assets
- $22.4m
- Revenue
- $10.8m
- Investments
- $1.5m
- Employees
- 1
- Location
- Lexington, KY
- Founding
- 11/1978
- Data as of
- 06/2022
- EIN
- 31-0944925
Organization Overview
University Of Kentucky Markey Cancer Foundation Inc is located in Lexington, KY. The organization was established in 1978. According to its NTEE Classification (H30) the organization is classified as: Cancer 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. University Of Kentucky Markey Cancer Foundation 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, University Of Kentucky Markey Cancer Foundation Inc generated $10.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.4% each year . All expenses for the organization totaled $12.1m during the year ending 06/2022. While expenses have increased by 19.8% per year over the past 6 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
AS THE ENGINE OF THE MARKEY CANCER CENTER, WE LEAD THE FIGHT AGAINST CANCER IN THE STATE OF KENTUCKY. WE CONNECT SUPPORTERS TO A CAUSE GREATER THAN THEMSELVES BY MATCHING THEIR PASSION WITH THE DOCTORS, NURSES AND RESEARCHERS WHO ARE WORKING TO CURE CANCER AND THUS CHANGE THE COURSE OF HUMANITY. KENTUCKY HAS THE WORST CANCER RATES IN THE UNION. AND WHEN CANCER SINGLES OUT OUR CITIZENS FOR ITS WORST, THAT IS WHEN MARKEY CANCER CENTER FOUNDATION FUNDS OUR MOST POWERFUL WEAPONS. THOSE WEAPONS ARE GROUNDBREAKING RESEARCH AND CLINICAL TRIALS, PREVENTION PROGRAMS AND, OF COURSE, CUTTING-EDGE PATIENT CARE DELIVERED WITH COMPASSION, IN A PLACE THAT OFFERS HOPE. OUR GENEROUS DONORS SUPPORT THE DEDICATED STAFF OF THE MARKEY CANCER CENTER WHO COME TO THIS EXTRAORDINARY PLACE, ON A DAILY BASIS - ALL WITH ONE GOAL - TO LEAD KENTUCKY'S FIGHT AGAINST CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS THE FUNDING ENGINE OF THE MARKEY CANCER CENTER, WE LEAD THE FIGHT AGAINST CANCER IN THE STATE OF KENTUCKY. WE CONNECT SUPPORTERS TO A CAUSE GREATER THAN THEMSELVES BY MATCHING THEIR PASSION WITH THE DOCTORS, NURSES AND RESEARCHERS WHO ARE WORKING TO CURE CANCER AND THUS CHANGE THE COURSE OF HUMANITY. KENTUCKY HAS THE WORST CANCER RATES IN THE UNION. AND WHEN CANCER SINGLES OUT OUR CITIZENS FOR ITS WORST, THAT IS WHEN MARKEY CANCER FOUNDATION FUNDS OUR MOST POWERFUL WEAPONS. THOSE WEAPONS ARE GROUNDBREAKING RESEARCH AND CLINICAL TRIALS, PREVENTION PROGRAMS AND, OR COURSE, CUTTING-EDGE PATIENT CARE DELIVERED WITH COMPASSION, IN A PLACE THAT OFFERS HOPE. OUR GENEROUS DONORS SUPPORT THE DEDICATED STAFF OF THE MARKEY CANCER CENTER WHO COME TO THIS EXTRAORDINARY PLACE, ON A DAILY BASIS - ALL WITH ONE GOAL - TO LEAD KENTUCKY'S FIGHT AGAINST CANCER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Delzotti President And CEO | Officer | 40 | $279,650 |
Wm S Farish Jr Trustee | Trustee | 1 | $0 |
John Boardman Trustee | Trustee | 1 | $0 |
Eli Capilouto Trustee | Trustee | 1 | $0 |
Charles Wethington Jr PHD Trustee | Trustee | 1 | $0 |
Farra Alford Sr Trustee/chairman | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Schultz & Williams Database Management | 6/29/18 | $250,598 |
Goble Group Fundraising | 6/29/18 | $123,200 |
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 | $9,824,902 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,824,902 |
| Total Program Service Revenue | $0 |
| Investment income | $220,821 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $742,687 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,788,410 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,061,431 |
| 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. | $311,650 |
| Compensation of current officers, directors, key employees. | $124,660 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $440,321 |
| Pension plan accruals and contributions | $56,983 |
| Other employee benefits | $121,205 |
| Payroll taxes | $44,611 |
| Fees for services: Management | $78,731 |
| Fees for services: Legal | $6,105 |
| Fees for services: Accounting | $10,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $295,064 |
| Advertising and promotion | $12,452 |
| Office expenses | $15,592 |
| Information technology | $42,036 |
| Royalties | $0 |
| Occupancy | $46,178 |
| Travel | $55,151 |
| 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 | $9,625 |
| All other expenses | $0 |
| Total functional expenses | $12,148,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,136 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,480,465 |
| Accounts receivable, net | $306,115 |
| 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 | $21,762 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,913,603 |
| Investments—other securities | $1,501,610 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,389,691 |
| Accounts payable and accrued expenses | $279,722 |
| Grants payable | $8,844,366 |
| 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 | $9,124,088 |
| Net assets without donor restrictions | $18,897,975 |
| Net assets with donor restrictions | -$5,632,372 |
| 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 | $22,389,691 |