Marc Lustgarten Pancreatic Cancer Foundation
- Assets
- $78.5m
- Revenue
- $30.4m
- Investments
- $0.0
- Employees
- 25
- Location
- Woodbury, NY
- Founding
- 01/1999
- Data as of
- 06/2022
- EIN
- 31-1611837
Organization Overview
Marc Lustgarten Pancreatic Cancer Foundation, operating under the name Lustgarten Foundation Foundation, is located in Woodbury, NY. The organization was established in 1999. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 06/2022, Lustgarten Foundation Foundation employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lustgarten Foundation 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 06/2022, Lustgarten Foundation Foundation generated $30.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $33.8m during the year ending 06/2022. While expenses have increased by 6.2% 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.
Since 2014, Lustgarten Foundation Foundation has awarded 164 individual grants totaling $171,405,471. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LUSTGARTEN FOUNDATION IS THE LARGEST PRIVATE FUNDER OF PANCREATIC CANCER RESEARCH IN THE WORLD.THE LUSTGARTEN FOUNDATION IS THE LARGEST PRIVATE FUNDER OF PANCREATIC CANCER RESEARCH IN THE WORLD. THE LUSTGARTEN FOUNDATION IS THE LARGEST PRIVATE FUNDER OF PANCREATIC CANCER RESEARCH IN THE WORLD. THE FOUNDATION'S MISSION IS TO CURE PANCREATIC CANCER BY FUNDING SCIENTIFIC AND CLINICAL RESEARCH RELATED TO THE DIAGNOSIS, TREATMENT AND PREVENTION OF PANCREATIC CANCER; PROVIDING RESEARCH INFORMATION AND CLINICAL SUPPORT SERVICES TO PATIENTS, CAREGIVERS AND INDIVIDUALS AT HIGH RISK; AND INCREASING PUBLIC AWARENESS AND HOPE FOR THOSE DEALING WITH THIS DISEASE. SINCE ITS INCEPTION, THE LUSTGARTEN FOUNDATION HAS DIRECTED MORE THAN $250 MILLION TO RESEARCH AND HAS ASSEMBLED THE BEST SCIENTIFIC MINDS WITH THE HOPE THAT ONE DAY, A CURE CAN BE FOUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH PROGRAM: THE FOUNDATION'S MISSION IS TO ADVANCE THE BEST SCIENCE TO TRANSFORM PANCREATIC CANCER INTO A CURABLE DISEASE. TO MAKE PROGRESS TOWARD THIS GOAL, THE FOUNDATION COMMITTED AN ADDITIONAL $25 MILLION TO RESEARCH DURING FY2022, BRINGING THE CUMULATIVE TOTAL INVESTED THROUGH JUNE 2022 TO $250 MILLION. SEE SCHEDULE O.
PUBLIC EDUCATION AND INFORMATION PROGRAM: THE LUSTGARTEN FOUNDATION IS THE LARGEST PRIVATE FUNDER OF PANCREATIC CANCER RESEARCH IN THE WORLD, FUNDING PREEMINENT PANCREATIC CANCER RESEARCHERS, DRIVING THE PURSUIT OF BOLD AND INNOVATIVE SCIENCE TOWARD EARLIER DETECTION AND BETTER TREATMENTS, TRANSFORMING PANCREATIC CANCER INTO A CURABLE DISEASE. THE FOUNDATION FUNDS RESEARCH WHERE CREATIVE RISKS YIELD HIGH REWARDS TO ACCELERATE AND EXPAND LIFE-SAVING TREATMENT OPTIONS. WE BELIEVE TIME IS EVERYTHING TO PATIENTS AND THEIR FAMILIES, AND THAT COMMUNITY IS POWER. LUSTGARTEN PROGRAMS AND EVENTS PROVIDE PEOPLE AFFECTED BY PANCREATIC CANCER A VOICE AND A PLACE TO CREATE HOPE, TOGETHER. 100% OF ALL DONATIONS FUEL THE RESEARCH TO ADVANCE UNDERSTANDING OF THIS COMPLEX, DEVASTATING AND UNDERFUNDED CANCER. SEE SCHEDULE O.
PROFESSIONAL EDUCATION PROGRAM: PROFESSIONAL EDUCATION FOCUSED ON THE FOUNDATION'S SENIOR LEADERSHIP CONDUCTING HIGH-LEVEL MEETINGS WITH SCIENTISTS, DIRECTORS OF THE LABS PROGRAM SITES, AND COLLABORATING ORGANIZATIONS AS WELL AS ATTENDING/PRESENTING VIRTUALLY AT SCIENTIFICMEETINGS FOR ORGANIZATIONS INCLUDING THE AMERICAN ASSOCIATION FOR CANCER RESEARCH (AACR) AND STAND UP TO CANCER. SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Tantawi CEO | Officer | 40 | $385,092 |
Kerri Kaplan President | Officer | 40 | $331,122 |
Johanna Richman CFO | Officer | 40 | $283,726 |
Andrew Rakeman VP Research | 40 | $249,078 | |
Catherine Weber VP Development Ops & Consituent Svcs | Officer | 40 | $235,698 |
Stephanie Elsea VP Marketing & Communications | 40 | $205,524 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Faircom New York Inc Consultant | 6/29/22 | $800,764 |
Wsi Paid Search Ltd Technology | 6/29/22 | $246,150 |
Jc Geever Inc Consultant | 6/29/22 | $168,534 |
Walker Stewart Mckeough Consultant | 6/29/22 | $166,650 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,630,722 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,508,977 |
| Noncash contributions included in lines 1a–1f | $94,723 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,139,699 |
| Total Program Service Revenue | $0 |
| Investment income | $1,693,066 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11,255 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,889,935 |
| Net Income from Fundraising Events | -$287,450 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,446,505 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,269,054 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $199,953 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,221,077 |
| Compensation of current officers, directors, key employees. | $627,562 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,792,507 |
| Pension plan accruals and contributions | $115,076 |
| Other employee benefits | $318,175 |
| Payroll taxes | $629,882 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $521,137 |
| Fees for services: Investment Management | $153,022 |
| Fees for services: Other | $654,002 |
| Advertising and promotion | $692,413 |
| Office expenses | $0 |
| Information technology | $458,281 |
| Royalties | $0 |
| Occupancy | $255,086 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,694 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,196 |
| Insurance | $45,094 |
| All other expenses | $0 |
| Total functional expenses | $33,834,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,308,831 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,982,801 |
| 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 | $1,234 |
| Prepaid expenses and deferred charges | $211,815 |
| Net Land, buildings, and equipment | $195,195 |
| Investments—publicly traded securities | $73,805,521 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $78,505,397 |
| Accounts payable and accrued expenses | $760,077 |
| Grants payable | $7,629,947 |
| 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 | $83,740 |
| Total liabilities | $8,473,764 |
| Net assets without donor restrictions | $68,371,633 |
| Net assets with donor restrictions | $1,660,000 |
| 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 | $78,505,397 |
Grants Awarded
Over the last fiscal year, Marc Lustgarten Pancreatic Cancer Foundation has awarded $25,269,054 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: PANCREATIC CANCER RESEARCH | $6,472,317 |
Baltimore, MD PURPOSE: PANCREATIC CANCER RESEARCH | $5,174,114 |
Sherborn, MA PURPOSE: PANCREATIC CANCER RESEARCH | $5,000,000 |
Cold Spring Harbor, NY PURPOSE: PANCREATIC CANCER RESEARCH | $1,658,716 |
Philadelphia, PA PURPOSE: PANCREATIC CANCER RESEARCH | $1,390,839 |
Cambridge, MA PURPOSE: PANCREATIC CANCER RESEARCH | $1,317,682 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Marc Lustgarten Pancreatic Cancer Foundation has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Andree Wildenstein Dormeuil And Roger Dormeuil Foundation Armonk, NY PURPOSE: THE PURPOSE OF THESE CONTRIBUTIONS IS TO AID THE DONEE PUBLIC ORGANIZATIONS TO CARRY OUT THEIR EXEMPT CHARITABLE FUNCTIONS. | $15,000 |
Anthony Ford Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Gipson Family Foundation Raleigh, NC PURPOSE: GENERAL ACTIVITIES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Of The Finger Lakes Inc Rochester, NY | $32,628,122 | $49,070,844 |
Cds Life Transitions Inc Webster, NY | $27,377,961 | $42,498,217 |
Marc Lustgarten Pancreatic Cancer Foundation Woodbury, NY | $78,505,397 | $30,446,505 |
Oorah Inc Lakewood, NJ | $130,482,876 | $48,751,696 |
Childrens Home Of Bradford Pa Bradford, PA | $26,433,837 | $14,233,894 |
Inglis Foundation Philadelphia, PA | $233,825,090 | $16,920,191 |
The Watson Institute Sewickley, PA | $170,930,648 | $13,658,608 |
Kidsvoice Pennsylvania Inc Pittsburgh, PA | $7,340,747 | $6,599,088 |
Stoneridge Retirement Living Communities Inc Myerstown, PA | $4,364,446 | $5,435,180 |
The Foundation Of The Oscar And Ella Wilf Campus For Senior Living Somerset, NJ | $10,391,849 | $3,643,840 |
Sco Foundation Glen Cove, NY | $76,367,709 | $5,076,725 |
Israel Guide Dog Center For The Blind Warrington, PA | $19,631,861 | $3,082,807 |