Foundation For The Accreditation Of Cellular Therapy
- Assets
- $2.0m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 03/1997
- Data as of
- 12/2021
- EIN
- 84-1363353
Organization Overview
Foundation For The Accreditation Of Cellular Therapy is located in Omaha, NE. The organization was established in 1997. According to its NTEE Classification (H30) the organization is classified as: Cancer Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For The Accreditation Of Cellular Therapy 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, Foundation For The Accreditation Of Cellular Therapy generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 5.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FACT IS A NON-PROFIT CORPORATION FOUNDED TO IMPROVE THE QUALITY OF CELLULAR THERAPY THROUGH PEER-DEVELOPED STANDARDS, EDUCATION AND ACCREDITATION FOR THE BENEFIT OF PATIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCREDITATION - THE ORGANIZATION ADMINISTERS THE ACCREDITATION PROCESS FOR CELLULAR THERAPY PROGRAMS AND CORD BLOOD BANKS AT RESEARCH AND MEDICAL INSTITUTIONS THAT DESIRE TO OBTAIN THE ACCREDITATION DESIGNATION FOR THEIR PROGRAMS.
TRAINING & EDUCATION - THE ORGANIZATION PROVIDES FEE-BASED TRAINING AND EDUCATION FOR ACCREDITED PROGRAMS TO ASSIST THEM IN KEEPING UP-TO-DATE WITH NEW AND REVISED STANDARDS FOR THEIR PROGRAMS. THIS MAY INCLUDE SEMINARS AND DISTANCE LEARNING FOR ACCREDITED PROGRAMS. TO AID PROGRAMS IN EMERGING ECONOMIES, EDUCATIONAL SESSIONS ARE PROVIDED AT NO EXPENSE. TRAINING AND EDUCATION IS ALSO PROVIDED TO FACT'S INSPECTORS AT NO COST TO THE VOLUNTEERS.
STANDARDS DEVELOPMENT - THE ORGANIZATION RESEARCHES AND DEVELOPS THE APPROPRIATE STANDARDS FOR DESIGNATED PROGRAMS TO ENSURE THAT ALL ACCREDITED CELLULAR THERAPY PROGRAMS AND CORD BLOOD BANKS ARE ADHERING TO RIGOROUS STANDARDS. THE ORGANIZATION IS VESTED IN ASSISTING PROGRAMS WITH PROVIDING THE HIGHEST STANDARD OF CARE IN THE FIELD OF CELLULAR THERAPY, WHICH IS INCORPORATED INTO THE DEVELOPED STANDARDS.
FACT CONSULTING SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos Bachier MD Secretary | OfficerTrustee | 1.25 | $0 |
Dennis Gastineau MD Past President | OfficerTrustee | 1.25 | $0 |
Phyllis Warkentin MD Chief Med Officer | OfficerTrustee | 36 | $0 |
Catherine Bollard MD President | OfficerTrustee | 1.25 | $0 |
Kim Kasow DO Treasurer | OfficerTrustee | 1.25 | $0 |
Ngaire Elwood PHD Vice President | OfficerTrustee | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,800 |
| Total Program Service Revenue | $3,560,337 |
| Investment income | $343 |
| 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 | $3,571,480 |
| 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 | $36,908 |
| Fees for services: Accounting | $11,248 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $387,130 |
| Advertising and promotion | $28,301 |
| Office expenses | $159,508 |
| Information technology | $342,524 |
| Royalties | $0 |
| Occupancy | $82,914 |
| Travel | $40,586 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,226 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,462 |
| All other expenses | $0 |
| Total functional expenses | $3,205,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,046,708 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $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 | $0 |
| Total assets | $2,046,708 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $2,046,708 |
| 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 | $2,046,708 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For The Accreditation Of Cellular Therapy Omaha, NE | $2,046,708 | $3,571,480 |
Western States Cancer Research Ncorp Denver, CO | $1,626,947 | $1,539,378 |
Iowa Oncology Research Association Des Moines, IA | $652,663 | $1,300,527 |
Cancer League Of Colorado Inc Englewood, CO | $719,540 | $1,684,307 |
Heartland Cancer Foundation Lincoln, NE | $396,845 | $440,085 |
Cancer Research Center Fulton, MO | $0 | $60,600 |
Abigail Foundation Colorado Springs, CO | $123,419 | $0 |
Single Cause Single Cure Rapid City, SD | $807,975 | $365,891 |
Nci Community Oncology Research Program Prairie Village, KS | $133,181 | $0 |
Lizzys Walk Of Faith Columbia, MO | $180,511 | $248,348 |
Overrun Ovarian Cancer Foundation Inc Leawood, KS | $56,252 | $0 |
Cancer League Of Colorado Foundation Inc Englewood, CO | $1,808,876 | $56,060 |