Lynn Sage Breast Cancer Foundation
- Assets
- $6.2m
- Revenue
- $2.1m
- Investments
- $200.5k
- Employees
- 3
- Location
- Chicago, IL
- Founding
- 08/1995
- Data as of
- 12/2021
- EIN
- 36-3727715
Organization Overview
Lynn Sage Breast Cancer Foundation is located in Chicago, IL. The organization was established in 1995. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Lynn Sage Breast Cancer Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lynn Sage Breast 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, Lynn Sage Breast Cancer Foundation generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. 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
TO FUND BREAST CANCER RESEARCH AND EDUCATION ACTIVITIES AT RESEARCH INSTITUTIONS IN CHICAGO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1985, LYNN SAGE CANCER RESEARCH FOUNDATION HAS FUNDED MORE THAN $36 MILLION TO SUPPORT DETECTION, TREATMENT, EDUCATION AND RESEARCH ACTIVITIES AT NORTHWESTERN MEMORIAL HOSPITAL AND ROBERT H. LURIE COMPREHENSIVE CANCER CENTER OF NORTHWESTERN UNIVERSITY. LSCRF AWARDS SEED FUNDING GRANTS FOR NOVEL RESEARCH THAT DEMONSTRATES THE POTENTIAL TO IMPROVE THE DETECTION AND TREATMENT OF BREAST CANCER. SIMILARLY, LSCRF FUNDS FELLOWSHIPS AT NORTHWESTERN MEMORIAL HOSPITAL IN THE AREAS OF BREAST SURGERY, IMAGING, ONCOLOGY, AND PATHOLOGY, ENSURING THERE ARE MORE PHYSICIANS WITH SPECIALIZED TRAINING IN THE TREATMENT OF BREAST CANCER. FINALLY, LSCRF SUPPORTS THE LYNN SAGE BREAST CANCER SYMPOSIUM, ONE OF THE MOST RESPECTED BREAST CANCER CONFERENCES FOR PRACTICING CLINICIANS WORLDWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Silver Exec Board Of Dir/treasure | OfficerTrustee | 3 | $0 |
Meredith Soren Freese Exec Board Of Dir/co-Chair | OfficerTrustee | 10 | $0 |
Sofia Ahmad Jones Exec Board Of Dir/vice Cha | OfficerTrustee | 15 | $0 |
Laura H Sage Exec Board Of Dir - Co-Chair | OfficerTrustee | 10 | $0 |
John Barsella Exec. Bd. Of Dir./treasurer Through 10/21 | OfficerTrustee | 3 | $0 |
Kristin Wolf Exec Board Of Dir - Secret | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $531,487 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $741,883 |
| Noncash contributions included in lines 1a–1f | $4,970 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,273,370 |
| Total Program Service Revenue | $0 |
| Investment income | $237,907 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $65,088 |
| Net Income from Fundraising Events | -$19,158 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,129,193 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $570,790 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,394 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,968 |
| Fees for services: Other | $204,726 |
| Advertising and promotion | $0 |
| Office expenses | $24,708 |
| Information technology | $49,957 |
| Royalties | $0 |
| Occupancy | $9,000 |
| Travel | $0 |
| 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 | $8,940 |
| All other expenses | $0 |
| Total functional expenses | $1,032,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $773,852 |
| Savings and temporary cash investments | $918,533 |
| Pledges and grants receivable | $20,000 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $750 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,288,424 |
| Investments—other securities | $200,453 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $125 |
| Total assets | $6,202,137 |
| Accounts payable and accrued expenses | $3,200 |
| Grants payable | $100,000 |
| 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 | $103,200 |
| Net assets without donor restrictions | $6,098,937 |
| Net assets with donor restrictions | $0 |
| 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 | $6,202,137 |
Grants Awarded
Over the last fiscal year, Lynn Sage Breast Cancer Foundation has awarded $570,790 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: GRANTS TO SUPPORT BREAST CANCER RESEARCH | $344,463 |
Chicago, IL PURPOSE: GRANTS TO SUPPORT BREAST CANCER RESEARCH | $150,000 |
Chicago, IL PURPOSE: BREAST IMAGING FELLOW | $76,327 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Lynn Sage Breast Cancer Foundation has recieved totaling $165,766.
| Awarding Organization | Amount |
|---|---|
Melrose Park Foundation Chicago, IL PURPOSE: UNRESTRICTED | $30,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $17,808 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $13,000 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $10,000 |
Ellen Soren Beda Family Foundation Chicago, IL PURPOSE: CANCER RESEARCH | $10,000 |
Bluhm Family Charitable Foundation Chicago, IL PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Contacts Inc Elgin, IL | $3,819,582 | $12,869,082 |
Institute For Community Alliances Des Moines, IA | $2,443,302 | $12,133,028 |
New Directions Housing Corporation Louisville, KY | $27,737,851 | $9,868,214 |
Western Home Services Inc Cedar Falls, IA | $36,931,248 | $9,460,886 |
Chicago Metropolitan Housing Development Corporation Chicago, IL | $46,092,100 | $7,394,940 |
Partners For Community Development Inc Sheboygan, WI | $8,253,882 | $7,968,342 |
West Chicago Preservation Corp Chicago, IL | $9,151,204 | $2,715,959 |
Cedar Lake Residences Inc Louisville, KY | $2,301,086 | $7,918,008 |
Ahepa Affordable Housing Management Company Inc Fishers, IN | $29,875,447 | $8,886,631 |
Justine Petersen Housing And Reinvestment Corporation Saint Louis, MO | $49,338,747 | $7,649,655 |
Bridge Communities Inc Glen Ellyn, IL | $16,127,143 | $5,545,489 |
Appalachian Foothills Housing Agency Incorporated Wurtland, KY | $1,707,535 | $4,881,556 |