Rtog Foundation Inc
- Assets
- $10.3m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-0902111
Organization Overview
Rtog Foundation Inc is located in Philadelphia, PA. The organization was established in 2014. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rtog 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 12/2021, Rtog Foundation Inc generated $6.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $7.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. 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 ORGANIZE & PROVIDE FUNDING FOR MULTI-CENTER CLINICAL RESEARCH ACTIVITIES IN ONCOLOGY
Describe the Organization's Program Activity:
Part 3 - Line 4a
RTOG'S PRIMARY PROGRAM CONSISTES OF THE FOLLOWING:1) IMPROVE THE SURVIVAL OUTCOME AND QUALITY OF LIFE OF ADULTS WITH CANCER THROUGH THE CONDUCT OF HIGH-QUALITY CLINICAL TRIALS 2) EVALUATE NEW FORMS OF RADIOTHERAPY DELIVERY AND TEST NEW SYSTEMIC AND TARGETED THERAPIES IN CONJUNCTION WITH RADIOTHERAPY IN THE CONTEXT OF CLINICAL RESEARCH 3) PARTICIPATE AS ONE OF THREE MEMBER ORGANIZATIONS IN THE ACTIVITIES OF NRG ONCOLOGY FOUNDATION 4) DEVELOP AND CONDUCT PRACTICE-CHANGING CLINICAL TRIALS FOR THE NCI NATIONAL CLINICAL TRIAL NETWORK (NCTN) THROUGH RTOGF'S MEMBERSHIP IN NRG ONCOLOGY 5) DEVELOP AND CONDUCT INDUSTRY-SUPPORTED CLINICAL TRIALS THAT ARE CONTINUED ON SCHEDULE OIMPORTANT TO RTOGF'S RESEARCH MISSION 6) PROVIDE FUNDING FOR BASIC, CLINICAL, AND TRANSLATIONAL INVESTIGATORS TO COLLABORATE WITH RTOGF IN THE DEVELOPMENT OF BOTH BIOLOGIC AND BIOPHYSICAL TARGETED THERAPIES 7) SUPPORT YOUNG INVESTIGATORS FROM MANY DISCIPLINES WITHIN THE RTOGF RESEARCH ENTERPRISE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitchell Machtay MD President & CEO | OfficerTrustee | 5 | $0 |
Jeff Michalski MD MBA Treasurer (start Jul. 2021) | OfficerTrustee | 1 | $0 |
Stuart Wong Secretary (start Jul. 2021) | OfficerTrustee | 1 | $0 |
Quynh Le MD Chair (start Jul. 2021) | OfficerTrustee | 5 | $0 |
James Dignam MD Director | Trustee | 1 | $0 |
Lisa Kachnic Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Precision Bioservices Supplies | 12/30/21 | $195,266 |
Rxcrossroads By Mckesson Distribution Services | 12/30/21 | $153,664 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,318,659 |
| All other contributions, gifts, grants, and similar amounts not included above | $568,569 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,887,228 |
| Total Program Service Revenue | $674,306 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,561,535 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $82,404 |
| Fees for services: Accounting | $27,153 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $288,903 |
| Advertising and promotion | $0 |
| Office expenses | $3,733 |
| Information technology | $7,410 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,899 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,892 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $35,133 |
| All other expenses | $0 |
| Total functional expenses | $7,885,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,316,020 |
| Savings and temporary cash investments | $11,684 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,113,069 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $901,600 |
| Total assets | $10,342,373 |
| Accounts payable and accrued expenses | $665,458 |
| Grants payable | $0 |
| Deferred revenue | $7,820,869 |
| 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 | $8,486,327 |
| Net assets without donor restrictions | $1,856,046 |
| 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 | $10,342,373 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hospital & Healthsystem Association Of Pennsylvania Inc Harrisburg, PA | $39,402,736 | $15,435,491 |
Plasma Protein Therapeutics Association Annapolis, MD | $7,828,244 | $13,003,501 |
American Podiatric Medical Assoc Bethesda, MD | $21,176,179 | $13,540,711 |
New Jersey Hospital Association Princeton, NJ | $139,216,001 | $6,079,898 |
Maryland Hospital Association Incorporated Elkridge, MD | $38,009,436 | $21,113,999 |
Parenteral Drug Association Inc Bethesda, MD | $14,078,226 | $8,044,773 |
National Church Residences Columbus, OH | $6,772,830 | $11,332,666 |
Pennsylvania Medical Society Mechanicsburg, PA | $213,365,446 | $23,943,781 |
Greater Dayton Area Hospital Assoc Dayton, OH | $5,189,718 | $9,300,133 |
Rtog Foundation Inc Philadelphia, PA | $10,342,373 | $6,561,535 |
Clinical And Laboratory Standards Institute Malvern, PA | $16,915,959 | $9,183,918 |
National Minority Health Association Owings Mills, MD | $1,141,294 | $7,237,728 |