Friends Of Cancer Research
- Assets
- $13.6m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 17
- Location
- Washington, DC
- Founding
- 09/1996
- Data as of
- 12/2021
- EIN
- 52-1983273
Organization Overview
Friends Of Cancer Research is located in Washington, DC. The organization was established in 1996. According to its NTEE Classification (H30) the organization is classified as: Cancer Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, Friends Of Cancer Research employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Cancer Research 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, Friends Of Cancer Research generated $5.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 4.9% 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 2015, Friends Of Cancer Research has awarded 32 individual grants totaling $329,000. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DRIVE COLLABORATION AMONG PARTNERS FROM EVERY HEALTHCARE SECTOR TO POWER ADVANCES IN SCIENCE, POLICY AND REGULATION THAT SPEED LIFE-SAVING TREATMENTS TO PATIENTS.
Describe the Organization's Program Activity:
SCIENCE POLICY: FRIENDS OF CANCER RESEARCH DRIVES COLLABORATION AMONG PARTNERS FROM EVERY HEALTHCARE SECTOR TO POWER ADVANCES IN SCIENCE, POLICY AND REGULATION THAT SPEED LIFE-SAVING TREATMENTS TO PATIENTS.
MEETINGS AND PROFESSIONAL DEVELOPMENT: FRIENDS OF CANCER RESEARCH BRINGS TOGETHER LEADERS IN CANCER DRUG DEVELOPMENT, FEDERAL HEALTH AND REGULATORY AGENCIES, ACADEMIC RESEARCH, THE PRIVATE SECTOR, AND PATIENT ADVOCATES FOR FOCUSED DISCUSSIONS ON KEY ISSUES SURROUNDING THE DEVELOPMENT AND REGULATION OF CANCER DRUGS AND THERAPIES.
COMMUNICATION: THE ORGANIZATION PROVIDES INDEPTH COVERAGE OF THE EVENTS, TRENDS, AND ISSUES THAT AFFECT THE PUBLIC HEALTHCARE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Allen PHD President & CEO | OfficerTrustee | 40 | $557,495 |
Ryan Hohman JD Vp-Public Affairs | 40 | $245,546 | |
Mark Stewart PHD Vp-Science Policy | 40 | $198,361 | |
Heather Chaney Vp-Operations | 40 | $182,976 | |
Linda Ostermann Grants Manager | 40 | $102,426 | |
Anna D Barker PHD Secretary | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cancer Research And Biostat Project Consulting | 12/30/21 | $305,418 |
Sandi R Hoffman Llc Consulting | 12/30/21 | $349,986 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $230,797 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,786,512 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,017,309 |
| Total Program Service Revenue | $0 |
| Investment income | $295,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $206,541 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,525,309 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| 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. | $1,267,769 |
| Compensation of current officers, directors, key employees. | $170,748 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $600,742 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $121,165 |
| Payroll taxes | $124,545 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,295 |
| Fees for services: Accounting | $92,754 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $339,515 |
| Advertising and promotion | $0 |
| Office expenses | $129,995 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $374,461 |
| Travel | $1,137 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $106,756 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,943 |
| Insurance | $0 |
| All other expenses | $39,628 |
| Total functional expenses | $3,563,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $852,942 |
| Savings and temporary cash investments | $458,146 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $752,301 |
| 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 | $517,269 |
| Net Land, buildings, and equipment | $61,842 |
| Investments—publicly traded securities | $10,827,059 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $131,431 |
| Total assets | $13,600,990 |
| Accounts payable and accrued expenses | $239,501 |
| Grants payable | $0 |
| Deferred revenue | $860,000 |
| 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 | $229,284 |
| Total liabilities | $1,328,785 |
| Net assets without donor restrictions | $11,322,205 |
| Net assets with donor restrictions | $950,000 |
| 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 | $13,600,990 |
Grants Awarded
Over the last fiscal year, Friends Of Cancer Research has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
North Bethesda, MD PURPOSE: ANNUAL CONTRIBUTION | $10,000 |
Washington, DC PURPOSE: ANNUAL CONTRIBUTION | $10,000 |
Baltimore, MD PURPOSE: ANNUAL CONTRIBUTION | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Friends Of Cancer Research has recieved totaling $488,841.
| Awarding Organization | Amount |
|---|---|
Pharmaceutical Research And Manufacturers Of America Washington, DC PURPOSE: General Contribution | $175,000 |
Foundation For The National Institute Of Health Inc North Bethesda, MD PURPOSE: RESEARCH | $138,296 |
Judy And Peter Blum Kovler Foundation Washington, DC PURPOSE: TO AID IN THE EXEMPT PURPOSE OF THE ORGANIZATION | $25,000 |
Gary And Pennie Abramson Charitable Foundation Rockville, MD PURPOSE: UNRESTRICTED FUNDS | $25,000 |
Rona And Jeffrey Abramson Foundation Rockville, MD PURPOSE: UNRESTRICTED FUNDS | $25,000 |
Galena-Yorktown Foundation Washington, DC PURPOSE: UNRESTRICTED FUNDS | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Institute For Cancer Research Arlington, VA | $18,214,497 | $14,242,691 |
Cancer Research America Nfcr Inc Rockville, MD | $12,283,856 | $11,465,290 |
Prevent Cancer Foundation Alexandria, VA | $19,123,889 | $9,204,793 |
Friends Of Cancer Research Washington, DC | $13,600,990 | $5,525,309 |
Brem Foundation To Defeat Breast Cancer Inc Silver Spring, MD | $741,999 | $846,932 |
Chance For Life Alexandria, VA | $1,211,933 | $982,944 |
The Brassica Foundation For Chemopr Otection Research Inc Mclean, VA | $239,523 | $198,133 |
National Breast Cancer Coalition Washington, DC | $46,260 | $255,959 |
Kentucky Society Of Clinical Oncology Inc Severna Park, MD | $167,543 | $209,834 |
Kochhar Cancer Research Foundation Portsmouth, VA | $355,675 | $0 |
D-Feet Cancer The Dalton Fox Foundation Virginia Beach, VA | $26,217 | $57,219 |
Susan & Teresa Schwab Ovarian Cancer Research Foundation Inc Annapolis, MD | $474,177 | $320,144 |