H Lee Moffitt Cancer Center And Research Institute Inc
- Assets
- $1.6b
- Revenue
- $203.2m
- Investments
- $500.1k
- Employees
- 2,632
- Location
- Tampa, FL
- Founding
- 10/1985
- Data as of
- 06/2020
- EIN
- 59-2451713
Organization Overview
H Lee Moffitt Cancer Center And Research Institute Inc is located in Tampa, FL. The organization was established in 1985. According to its NTEE Classification (G05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2021, H Lee Moffitt Cancer Center And Research Institute Inc employed 2,632 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. H Lee Moffitt Cancer Center And Research Institute 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 06/2020, H Lee Moffitt Cancer Center And Research Institute Inc generated $203.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $237.9m during the year ending 06/2020. While expenses have increased by 7.1% per year over the past 6 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, H Lee Moffitt Cancer Center And Research Institute Inc has awarded 125 individual grants totaling $4,513,862. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND SUPPORT THROUGH RESEARCH, MANAGEMENT AND OTHER MEANS OF SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE H. LEE MOFFITT CANCER CENTER AND RESEARCH INSTITUTE, INC. IS ARECOGNIZED LEADER IN FOCUSED, INNOVATIVE CANCER RESEARCH, A MAJORREGIONAL ONCOLOGY REFERRAL CENTER, AND A NATIONAL CANCER INSTITUTE DESIGNATED COMPREHENSIVE CANCER CENTER.SEE SCHEDULE O FOR CONTINUATIONBASED ON ITS SINGULAR MISSION - TO CONTRIBUTE TO THE PREVENTION ANDCURE OF CANCER - THE CANCER CENTER'S RESEARCH ACTIVITIES RELATEPRIMARILY TO THE AREAS OF BASIC SCIENCE, CANCER PREVENTION AND CONTROL, TRANSLATIONAL SCIENCE, PRE-CLINICAL AND CLINICAL INVESTIGATIONS, AND PROVIDING MANAGEMENT AND OTHER SUPPORT SERVICES AS THE SOLE CORPORATE MEMBER AND PARENT FOR THE FOLLOWING SUBSIDIARY CORPORATIONS:H. LEE MOFFITT CANCER CENTER AND RESEARCH INSTITUTE HOSPITAL, INC. (THE HOSPITAL) WHICH PROVIDES MEDICAL AND HOSPITAL CARE, MEDICAL EDUCATION AND TRAINING, AND CLINICAL (PATIENT-RELATED) RESEARCH IN MAINTAINING HEALTH, AND PREVENTING, DETECTING, AND TREATING CANCER;H. LEE MOFFITT CANCER CENTER AND RESEARCH INSTITUTE LIFETIME CANCERSCREENING CENTER, INC. (MOFFITT MEDICAL GROUP) WHICH EMPLOYS ANDMANAGES PHYSICIANS AND OTHER MEDICAL PROFESSIONALS WHO STAFF THEHOSPITAL, AND PROVIDE CLINICAL RESEARCH SERVICES TO THE CANCER CENTER; AND H. LEE MOFFITT CANCER CENTER AND RESEARCH INSTITUTE FOUNDATION, INC. (THE FOUNDATION) WHICH IS THE PRINCIPAL FUND-RAISING ORGANIZATION FOR THE CANCER CENTER AND ITS SUBSIDIARIES.THE CANCER CENTER'S MULTIDISCIPLINARY CLINICAL PROGRAM STRUCTURE AND OPEN LABORATORY ARCHITECTURE PROVIDE AN ENVIRONMENT CONDUCIVE FOR TRAINING FUTURE SCIENTIFIC AND CLINICAL LEADERS IN ONCOLOGY, AND REFLECT THE CANCER CENTER'S COMMITMENT TO COLLABORATION IN ALL ASPECTS OF CANCER RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvette M Lyons Tremonti Evp-Cfao & Asst Treasurer | Officer | 22 | $1,047,333 |
John A Kolosky Evp COO To 1/4/2021 | Officer | 24 | $1,028,625 |
L David DE La Parte Evp Gen Couns & Asst Sec | Officer | 22 | $927,786 |
John Cleveland Evp-Center Director | Officer | 55 | $811,269 |
James J Mulay Acd Translational Rsch | 50 | $734,523 | |
Edmondo Robinson SVP Chief Digital Innov Officer | Officer | 55 | $640,795 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Barr & Barr Inc Professional Services | 6/29/21 | $20,806,514 |
Birdsall Voss & Associates Marketing Services | 6/29/21 | $7,315,269 |
Willis Tower Watson Professional Services | 6/29/21 | $3,240,755 |
Shumaker Loop & Kendrick Llp Legal Services | 6/29/21 | $2,331,110 |
Modus Direct Llc Marketing Services | 6/29/21 | $2,117,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,471,501 |
| Investment income | $5,887,341 |
| Tax Exempt Bond Proceeds | $275,325 |
| Royalties | $0 |
| Net Rental Income | $120,000 |
| Net Gain/Loss on Asset Sales | -$7,612,529 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $203,209,481 |
| Statement of Expenses | |
|---|---|
| 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. | $11,086,662 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,899,895 |
| Pension plan accruals and contributions | $4,499,662 |
| Other employee benefits | $9,308,676 |
| Payroll taxes | $7,031,304 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,837,537 |
| Fees for services: Accounting | $57,635 |
| Fees for services: Lobbying | $140,094 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $809,471 |
| Fees for services: Other | $28,785,217 |
| Advertising and promotion | $1,944,782 |
| Office expenses | $18,604,698 |
| Information technology | $6,284,513 |
| Royalties | $0 |
| Occupancy | $4,337,659 |
| Travel | $1,748,454 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,366,183 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,928,511 |
| Insurance | $171,492 |
| All other expenses | $0 |
| Total functional expenses | $237,866,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,490,296 |
| Savings and temporary cash investments | $496,265,103 |
| Pledges and grants receivable | $20,089,365 |
| 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 | $13,392,531 |
| Investments—publicly traded securities | $222,114,858 |
| Investments—other securities | $500,100 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $90,295,064 |
| Total assets | $1,582,286,412 |
| Accounts payable and accrued expenses | $144,793,959 |
| Grants payable | $0 |
| Deferred revenue | $2,512,108 |
| Tax-exempt bond liabilities | $702,490,577 |
| 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 | $30,142,241 |
| Total liabilities | $879,938,884 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $702,347,528 |
Grants Awarded
Over the last fiscal year, H Lee Moffitt Cancer Center And Research Institute Inc has awarded $286,013 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
TAMPA INNOVATON ALLIANCE INC PURPOSE: SPONSORSHIP | $50,000 |
Tampa, FL PURPOSE: INTERCOMPANY SUPPORT | $49,913 |
Rye Brook, NY PURPOSE: SPONSORSHIP | $40,000 |
M2GEN INC PURPOSE: INTERCOMPANY SUPPORT | $22,500 |
Tampa, FL PURPOSE: SPONSORSHIP | $20,000 |
TAMPA ORG OF BLACK AFFAIRS PURPOSE: SPONSORSHIP | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 29 grants that H Lee Moffitt Cancer Center And Research Institute Inc has recieved totaling $5,250,145.
| Awarding Organization | Amount |
|---|---|
Cancer Research Institute Inc New York, NY PURPOSE: RESEARCH | $1,825,500 |
American Cancer Society Inc Kennesaw, GA PURPOSE: Extramural Research Grant | $1,333,200 |
National Pediatric Cancer Foundation Inc Tampa, FL PURPOSE: IN SUPPORT OF CLINICAL TRIALS CONDUCTED UNDER THE SUNSHINE PROJECT. | $528,675 |
Prostate Cancer Foundation Santa Monica, CA PURPOSE: CANCER RESEARCH | $500,000 |
Pancreatic Cancer Action Network Inc Manhattan Beach, CA PURPOSE: FUND RESEARCH | $250,000 |
Ovarian Cancer Research Fund Inc New York, NY PURPOSE: RESEARCH GRANT | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
H Lee Moffitt Cancer Center And Research Institute Inc Tampa, FL | $1,582,286,412 | $203,209,481 |
Andrews Research & Education Foundation Inc Gulf Breeze, FL | $2,174,564 | $2,011,454 |
Radiation Oncology Accelerated Research Vestavia, AL | $318,164 | $567,367 |
White Dress Project Inc Lithia Springs, GA | $178,088 | $260,147 |
Geriatric Oncology Consortium Inc Tampa, FL | $8,413 | $0 |