Pancreatic Cancer Action Network Inc
- Assets
- $56.3m
- Revenue
- $47.1m
- Investments
- $0.0
- Employees
- 205
- Location
- El Segundo, CA
- Founding
- 09/1999
- Data as of
- 06/2024
- EIN
- 33-0841281
Organization Overview
Pancreatic Cancer Action Network Inc is located in El Segundo, CA. The organization was established in 1999. According to its NTEE Classification (G01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2024, Pancreatic Cancer Action Network Inc employed 205 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pancreatic Cancer Action Network 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 06/2024, Pancreatic Cancer Action Network Inc generated $47.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $60.5m during the year ending 06/2024. While expenses have increased by 7.1% 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.
Since 2015, Pancreatic Cancer Action Network Inc has awarded 164 individual grants totaling $59,026,100. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE RESEARCH, SUPPORT PATIENTS, AND CREATE HOPE FOR PEOPLE WHO HAVE PANCREATIC CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH & SCIENTIFIC AFFAIRS - PANCAN FUNDS GROUNDBREAKING RESEARCH INITIATIVES THAT WILL TRANSFORM THE WAY PANCREATIC CANCER IS DETECTED AND TREATED. WE FUND RESEARCH GRANTS TO INDIVIDUAL INVESTIGATORS AND LARGE-SCALE, MULTI-INSTITUTIONAL CLINICAL PROJECTS THAT ARE FOCUSED ON ADVANCING NEW TREATMENTS AND EARLY DETECTION FOR PANCREATIC CANCER. WE INVESTED A RECORD $27.3 MILLION IN RESEARCH & SCIENTIFIC AFFAIRS IN FISCAL YEAR 2024.OUR RESEARCH FUNDING SUPPORTED IMPORTANT RESEARCH PROJECTS AT INSTITUTIONS ACROSS THE COUNTRY, AND PANCAN'S PRECISION PROMISE ADAPTIVE CLINICAL TRIAL, EARLY DETECTION INITIATIVE, KNOW YOUR TUMOR PRECISION MEDICINE SERVICE, AND PATIENT REGISTRY. SINCE 2003 PANCAN HAS AWARDED 237 RESEARCH GRANTS TO 217 SCIENTISTS AT 78 INSTITUTIONS. PANCAN'S CUMULATIVE RESEARCH INVESTMENT IS NOW MORE THAN $235 MILLION, MAKING A SIGNIFICANT IMPACT ON THE DIAGNOSIS, TREATMENT AND CARE OF TODAY'S PATIENTS AND THOSE WHO WILL BE DIAGNOSED IN THE FUTURE.
GOVERNMENT AFFAIRS AND ADVOCACY - WE DRIVE LEGISLATIVE SUPPORT FOR INCREASED FEDERAL RESEARCH FUNDING FOR PANCREATIC CANCER. OUR GRASSROOTS ADVOCACY EFFORTS LED TO THE PASSAGE OF THE RECALCITRANT CANCER RESEARCH ACT, INCREASED RESEARCH DOLLARS FOR PANCREATIC CANCER AT THE NATIONAL CANCER INSTITUTE, AND LED TO A NEW PANCREATIC CANCER RESEARCH PROGRAM AT THE DEPARTMENT OF DEFENSE. SINCE OUR FOUNDING, FEDERAL RESEARCH FUNDING FOR PANCREATIC CANCER HAS INCREASED BY 1075 PERCENT AND CONTINUES TO INCREASE EACH YEAR DUE TO OUR EFFORTS.
COMMUNITY ENGAGEMENT - NEARLY 60 VOLUNTEER-LED AFFILIATES WITH MORE THAN 3,220 VOLUNTEERS RAISE AWARENESS OF PANCAN AND THE DISEASE AND EDUCATE THEIR COMMUNITIES ABOUT PANCREATIC CANCER. VOLUNTEERS HOSTED NEARLY 60 PURPLESTRIDE EVENTS ACROSS THE COUNTRY THIS YEAR, WITH 62,525 PARTICIPANTS REGISTERED SUPPORTING SURVIVORS, FAMILIES AND FRIENDS, AS WELL AS PROVIDING EDUCATIONAL INFORMATION AT THE EVENTS. PURPLESTRIDE PARTICIPANTS RAISED MORE THAN $16 MILLION IN FISCAL YEAR 2024. WE ARE ALSO A FOUNDING MEMBER OF THE WORLD PANCREATIC CANCER COALITION, COMPOSED OF MORE THAN 100 PANCREATIC CANCER PATIENT ADVOCACY GROUPS FROM MORE THAN 30 COUNTRIES AND SIX CONTINENTS. THE COALITION HAS AN ONGOING COMMITMENT TO CONTINUING EDUCATION FOR ITS MEMBERS AND HOSTS WORLD PANCREATIC CANCER DAY EVERY NOVEMBER TO RAISE GLOBAL AWARENESS OF THE DISEASE.
PATIENT SERVICES - PROVIDES FREE, PERSONALIZED INFORMATION AND RESOURCES ABOUT PANCREATIC CANCER, TREATMENT OPTIONS, CLINICAL TRIALS, DIET AND NUTRITION, SPECIALISTS AND SUPPORT RESOURCES TO HELP PATIENTS, CAREGIVERS AND HEALTHCARE PROVIDERS. WE HAVE THE LARGEST, MOST UP-TO-DATE CLINICAL TRIALS DATABASE IN THE COUNTRY AND PROVIDE CONSTITUTENTS WITH PERSONALIZED SEARCHES SO THAT THEY UNDERSTAND ALL OF THEIR TREATMENT OPTIONS. OUR EXPERT PATIENT SERVICES CASE MANAGERS SHARE MORE RESOURCES AND SPEAK WITH MORE PANCREATIC CANCER PATIENTS THAN ANY OTHER ORGANIZATION IN THE WORLD. LAST YEAR ALONE, WE HAD NEARLY 70,000 INTERACTIONS WITH PATIENTS WITH PANCREATIC CANCER, THEIR FAMILIES, CAREGIVERS AND HEALTHCARE PROFFESSIONALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President & Ceo/director | OfficerTrustee | 50 | $688,005 |
Name Not Listed Vice Chairman | OfficerTrustee | 2 | $0 |
Name Not Listed Chairman | OfficerTrustee | 2 | $0 |
Name Not Listed Board Member | Trustee | 2 | $0 |
Name Not Listed Board Member | Trustee | 2 | $0 |
Name Not Listed Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Media Storm Llc Advertising | 6/29/24 | $1,528,132 |
Berry Consultants Llc Consulting Services | 6/29/24 | $338,298 |
Ogor Consulting Llc Compliance Consulting | 6/29/24 | $307,401 |
Jones Day Legal Services | 6/29/24 | $301,950 |
3elms Llc Life Science Consulting | 6/29/24 | $166,682 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,758,660 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,927,715 |
| Noncash contributions included in lines 1a–1f | $427,338 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,686,375 |
| Total Program Service Revenue | $8,510,939 |
| Investment income | $1,040,995 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,143,300 |
| Net Income from Fundraising Events | -$3,320,870 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $18,019 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,081,538 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $125,000 |
| 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. | $2,595,865 |
| Compensation of current officers, directors, key employees. | $678,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,749,200 |
| Pension plan accruals and contributions | $852,876 |
| Other employee benefits | $1,894,360 |
| Payroll taxes | $1,533,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $522,485 |
| Fees for services: Accounting | $139,815 |
| Fees for services: Lobbying | $211,478 |
| Fees for services: Fundraising | $1,167,832 |
| Fees for services: Investment Management | $176,309 |
| Fees for services: Other | $23,661,929 |
| Advertising and promotion | $1,292,424 |
| Office expenses | $340,569 |
| Information technology | $1,904,645 |
| Royalties | $0 |
| Occupancy | $660,250 |
| Travel | $387,405 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $558,309 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $190,149 |
| Insurance | $444,012 |
| All other expenses | $0 |
| Total functional expenses | $60,542,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,462,455 |
| Savings and temporary cash investments | $318,568 |
| Pledges and grants receivable | $14,002,396 |
| Accounts receivable, net | $221,168 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,439 |
| Prepaid expenses and deferred charges | $2,451,294 |
| Net Land, buildings, and equipment | $649,515 |
| Investments—publicly traded securities | $30,128,192 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,018,806 |
| Total assets | $56,273,833 |
| Accounts payable and accrued expenses | $11,002,996 |
| Grants payable | $7,586,327 |
| Deferred revenue | $1,144,084 |
| 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 | $1,327,453 |
| Total liabilities | $21,060,860 |
| Net assets without donor restrictions | $16,281,408 |
| Net assets with donor restrictions | $18,931,565 |
| 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 | $56,273,833 |
Grants Awarded
Over the last fiscal year, Pancreatic Cancer Action Network Inc has awarded $1,702,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: RESEARCH | $250,000 |
DANA FARBER CANCER INSTITUTE PURPOSE: RESEARCH | $400,000 |
THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF PURPOSE: RESEARCH | $177,000 |
REGENTS OF THE UNIVERSITY OF MINNESOTA - TWIN CITI PURPOSE: RESEARCH | $250,000 |
GEORGETOWN UNIVERSITY PURPOSE: RESEARCH | $250,000 |
UNIVERSITY OF CHICAGO PURPOSE: RESEARCH | $150,000 |