Gateway For Cancer Research Inc
- Assets
- $20.3m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 8
- Location
- Schaumburg, IL
- Founding
- 06/1992
- Data as of
- 06/2023
- EIN
- 73-1386920
Organization Overview
Gateway For Cancer Research Inc is located in Schaumburg, IL. The organization was established in 1992. As of 06/2023, Gateway For Cancer Research Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gateway For Cancer Research 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, Gateway For Cancer Research Inc generated $10.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $9.5m during the year ending 06/2023. While expenses have increased by 5.4% per year over the past 8 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 2016, Gateway For Cancer Research Inc has awarded 148 individual grants totaling $46,145,438. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FIND AND FUND CLINICAL CANCER RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GATEWAY FOR CANCER RESEARCH, A NON-PROFIT 501(C)(3) ORGANIZATION, WAS ESTABLISHED IN 1991 TO PROMOTE RESEARCH THAT MORE TRADITIONAL CANCER RESEARCH INSTITUTIONS MAY NOT FUND. GATEWAY IS DEDICATED TO ADVANCING INNOVATIONS IN THE SCIENTIFIC COMMUNITY AND SPEEDING THEM TO THE CANCER PATIENT'S BEDSIDE. THE WORK OF GATEWAY IS ABOUT GIVING CANCER PATIENTS THE ABILITY TO LIVE LONGER, MORE FULFILLING AND HEALTHIER LIVES.100% OF PUBLIC CONTRIBUTIONS RECEIVED ARE APPLIED DIRECTLY TO SUPPORT CANCER RESEARCH. OUR RESEARCH AND GRANTS COMMITTEE APPLIES STRINGENT GUIDELINES FOR REVIEWING EACH GRANT APPLICATION, RECOMMENDING TO THE BOARD OF DIRECTORS ONLY THOSE THAT ARE IN KEEPING WITH THE FOUNDATION'S MISSION. GATEWAY FOR CANCER RESEARCH RECEIVES FUNDING FROM A PRIVATE ENTITY UNDERWRITING ADMINISTRATIVE AND FUNDRAISING COSTS. THIS ALLOWS DONOR DOLLARS TO BE DIRECTED TO PATIENT-CENTERED RESEARCH. GATEWAY FOR CANCER RESEARCH IS CURRENTLY FUNDING 65 STUDIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Degrandis Secretary | OfficerTrustee | 0.3 | $0 |
Joe Caltabiano Director | Trustee | 0.3 | $0 |
Deniz Razon Director | Trustee | 0.3 | $0 |
Jake Goldstein Director | Trustee | 0.3 | $0 |
Richard J Stephenson Chairman | OfficerTrustee | 0.3 | $0 |
Mary Lou Smith Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $400 |
| Membership dues | $0 |
| Fundraising events | $4,079,081 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,566,201 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,645,682 |
| Total Program Service Revenue | $75,000 |
| Investment income | $298,338 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$363,527 |
| Net Income from Fundraising Events | -$2,184,752 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,470,741 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,657,488 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $169,398 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $202,889 |
| Compensation of current officers, directors, key employees. | $60,867 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $815,501 |
| Pension plan accruals and contributions | $88,108 |
| Other employee benefits | $105,009 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65,395 |
| Fees for services: Other | $250,951 |
| Advertising and promotion | $480,991 |
| Office expenses | $12,533 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,347 |
| Travel | $66,051 |
| 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 | $4,975 |
| All other expenses | $38,941 |
| Total functional expenses | $9,525,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,775,562 |
| Savings and temporary cash investments | $804,180 |
| Pledges and grants receivable | $701,000 |
| 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 | $72,711 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,399,144 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $509,343 |
| Total assets | $20,261,940 |
| Accounts payable and accrued expenses | $250,794 |
| Grants payable | $9,862,290 |
| Deferred revenue | $25,575 |
| 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 | $10,138,659 |
| Net assets without donor restrictions | $6,565,537 |
| Net assets with donor restrictions | $3,557,744 |
| 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 | $20,261,940 |
Grants Awarded
Over the last fiscal year, Gateway For Cancer Research Inc has awarded $6,657,488 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOSPITAL LOS ANGELES PURPOSE: CANCER RESEARCH | $566,667 |
MEMORIAL SLOAN-KETTERING CANCER CENTER PURPOSE: CANCER RESEARCH | $266,513 |
ST JUDE CHILDREN'S HOSPITAL PURPOSE: CANCER RESEARCH | $134,018 |
MD ANDERSON CANCER CENTER PURPOSE: CANCER RESEARCH | $1,963,904 |
CITY OF HOPE COMPREHENSIVE CANCER CENTER PURPOSE: CANCER RESEARCH | $266,666 |
DANA-FARBER CANCER INSTITUTE PURPOSE: CANCER RESEARCH | $734,881 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gateway For Cancer Research Inc Schaumburg, IL | $20,261,940 | $10,470,741 |
Indiana Institute For Medical Research Inc Indianapolis, IN | $2,410,876 | $1,489,124 |
Society For Cardiovascular East Dundee, IL | $1,794,515 | $1,297,360 |
Iowa City Va Medical Research Foundation Iowa City, IA | $1,296,917 | $668,837 |
Cryptic Masons Medical Research Foundation Inc Brownsburg, IN | $5,100,404 | $1,081,134 |
Clinical Research Foundation Inc Louisville, KY | $256,437 | $330,716 |