Cancer Research Foundation
- Assets
- $1.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Chicago, IL
- Founding
- 12/2017
- Data as of
- 03/2023
- EIN
- 81-2771469
Organization Overview
Cancer Research Foundation is located in Chicago, IL. The organization was established in 2017. 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 03/2023, Cancer Research Foundation employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Cancer Research 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 03/2023, Cancer Research Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.0% each year . All expenses for the organization totaled $1.3m during the year ending 03/2023. While expenses have increased by 37.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FUNDING CANCER RESEARCH TO FIND A CURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO SCIENTISTS AT UNIVERSITY MEDICAL CENTERS FOR CLINICAL AND LABORATORY RESEARCH ON VARIOUS PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrs A Nikitas Chairman/ Program Director | OfficerTrustee | 15 | $63,000 |
Mrt Noard Treasurer | OfficerTrustee | 1 | $0 |
Mr M Locke President | OfficerTrustee | 1 | $0 |
Mr D Kinnear Director | OfficerTrustee | 1 | $0 |
Mrs L Schenkman Secretary | OfficerTrustee | 1 | $0 |
Mrs T Cox Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $30,150 |
| Fundraising events | $1,157,997 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $189,284 |
| Noncash contributions included in lines 1a–1f | $155,041 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,377,431 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,046 |
| Net Income from Fundraising Events | $12,555 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,392,032 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $856,593 |
| 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. | $63,000 |
| Compensation of current officers, directors, key employees. | $12,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $203,970 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,633 |
| Payroll taxes | $19,186 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,481 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $175 |
| Advertising and promotion | $201 |
| Office expenses | $26,305 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,856 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,587 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $315 |
| All other expenses | $0 |
| Total functional expenses | $1,262,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,463,782 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $27,500 |
| 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 | $6,769 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,498,051 |
| Accounts payable and accrued expenses | $44,220 |
| Grants payable | $50,000 |
| 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 | $94,220 |
| Net assets without donor restrictions | $1,376,331 |
| Net assets with donor restrictions | $27,500 |
| 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 | $1,498,051 |