Walther Cancer Foundation Inc
- Assets
- $156.1m
- Revenue
- $3.1m
- Investments
- $152.7m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 02/1986
- Data as of
- 06/2023
- EIN
- 35-1650570
Organization Overview
Walther Cancer Foundation Inc is located in Indianapolis, IN. The organization was established in 1986. According to its NTEE Classification (H11) the organization is classified as: Single Organization Support, 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. Walther 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 06/2023, Walther Cancer Foundation Inc generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $9.6m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
GRANT-MAKING TO FUND CANCER RESEARCH WITH TWO PRIMARY GOALS: TO SUPPORT CANCER RESEARCH WITH THE AIM OF DISCOVERING BETTER TREATMENTS, IF NOT CURES, AND TO DEVELOP A
COMPREHENSIVE APPROACH FOR SUPPORTING PATIENTS WITH CANCER AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Grein Director/president | 10 | $108,000 | |
Cathryn Ferree Director | 1 | $0 | |
Gregory L Pemberton Chairman | 2 | $0 | |
Daniel Appel Director | 1 | $0 | |
Nancy Yaw Director | 1 | $0 | |
Patricia Dean Coo/treasurer | 32 | $164,841 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
9292 North Meridian Llc | 6/29/23 | $71,078 |
Stifel Nicolaus And Company | 6/29/23 | $96,282 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,113 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,426,997 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,773,878 |
| Capital Gain Net Income | $1,773,878 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$130,822 |
| Total Revenue | $3,075,166 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $431,279 |
| Other employee salaries and wages | $82,500 |
| Pension plans, employee benefits | $139,663 |
| Interest | $0 |
| Taxes | $608 |
| Depreciation | $20,705 |
| Occupancy | $71,078 |
| Travel, conferences, and meetings | $7,766 |
| Printing and publications | $0 |
| Other expenses | $44,070 |
| Total operating and administrative expenses | $2,029,782 |
| Contributions, gifts, grants paid | $7,530,333 |
| Total expenses and disbursements | $9,560,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,843 |
| Savings and temporary cash investments | $3,056,255 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $84,932,061 |
| Net Land, buildings, and equipment | $64,449 |
| Other assets | $119,309 |
| Total assets | $156,086,804 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $1,632,520 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,632,520 |