Huntsman Cancer Foundation
- Assets
- $123.8m
- Revenue
- $27.4m
- Investments
- $80.3m
- Employees
- 21
- Location
- Salt Lake City, UT
- Founding
- 09/1995
- Data as of
- 12/2023
- EIN
- 87-0541293
Organization Overview
Huntsman Cancer Foundation is located in Salt Lake City, UT. The organization was established in 1995. According to its NTEE Classification (H11) the organization is classified as: Single Organization Support, under the broad grouping of Medical Research and related organizations. As of 12/2023, Huntsman Cancer Foundation employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huntsman Cancer 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 12/2023, Huntsman Cancer Foundation generated $27.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $51.4m during the year ending 12/2023. 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
SUPPORTING ACTIVITIES OF THE HEALTH SCIENCES CENTER OF THE UNIVERSITY OF UTAH
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES TO SUPPORT THE HUNTSMAN CANCER INSTITUTE WHICH IS A CENTER FOR CANCER RESEARCH THAT HAS BEEN FORMED WITHIN THE HEALTH SERVICES CENTER OF THE UNIVERSITY OF UTAH, PURSUANT TO A SUPPORT AGREEMENT WITH THE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter R Huntsman Chairman/director/ceo | OfficerTrustee | 5 | $0 |
Taylor Randall Director | Trustee | 1 | $0 |
A Scott Anderson Director | Trustee | 1 | $0 |
Susan J Sheehan President/coo (thru - 04/30/23) | Officer | 1 | $0 |
Thomas E Muir VP Finance/cfo | Officer | 3 | $0 |
Ron Moffitt Secretary | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Donlon Agency Marketing And Public Relations | 12/30/20 | $1,049,536 |
Jkh Management Management Services | 12/30/20 | $403,461 |
Lund Law Legal Services | 12/30/20 | $115,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,432,341 |
| Related organizations | $5,510,426 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,254,233 |
| Noncash contributions included in lines 1a–1f | $1,074,071 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,197,000 |
| Total Program Service Revenue | $0 |
| Investment income | $5,988,102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $742,739 |
| Net Income from Fundraising Events | -$557,347 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,370,494 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,462,978 |
| 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 | $2,765,363 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $110,655 |
| Fees for services: Accounting | $45,639 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,023,468 |
| Fees for services: Other | $654,875 |
| Advertising and promotion | $84,097 |
| Office expenses | $12,225 |
| Information technology | $212,444 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $236,028 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,734,561 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $56,392 |
| All other expenses | $4,974,650 |
| Total functional expenses | $51,373,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,123,922 |
| Savings and temporary cash investments | $4,585,437 |
| Pledges and grants receivable | $4,026,609 |
| 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 | $33,502,183 |
| Investments—other securities | $80,251,625 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $300,370 |
| Total assets | $123,790,146 |
| Accounts payable and accrued expenses | $120,846 |
| 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 | $26,151,041 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $910,426 |
| Total liabilities | $27,182,313 |
| Net assets without donor restrictions | $96,607,833 |
| 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 | $123,790,146 |
Grants Awarded
Over the last fiscal year, Huntsman Cancer Foundation has awarded $139,187,666 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HEALTH SCIENCES CENTER PURPOSE: SUPPORT TO HUNTSMAN CANCER INSTITUTE | $32,656,233 |
HEALTH SCIENCES CENTER PURPOSE: DONATION OF BUILDING TO HUNTSMAN CANCER INSTITUTE | $106,531,433 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Huntsman Cancer Foundation Salt Lake City, UT | $123,790,146 | $27,370,494 |
Translational Genomics Research Institute Foundation Phoenix, AZ | $22,611,724 | $15,400,764 |
Research Development Foundation Carson City, NV | $53,552,306 | $5,465,008 |
E C Fuller Trust U Art 16 Main Las Vegas, NV | $8,177,592 | $479,423 |
Copic Medical Foundation Denver, CO | $19,421,292 | $1,333,534 |
Navajo Hopi Health Foundation Inc Tuba City, AZ | $9,700,896 | $675,449 |
Turner Charitable Memorial Tr Phoenix, AZ | $1,166,223 | $74,295 |
Dr David H Houston Medical Research Fund Las Vegas, NV | $958,347 | $28,273 |
Cancer Services Of New Mexico Foundation Albuquerque, NM | $462,977 | $7,927 |
Wings Of Hope For Pancreatic Cancer Research Castle Pines, CO | $351,101 | $234,600 |
William C Kuzell Foundation Englewood, CO | $838,032 | $56,729 |
Iaslc Foundation Denver, CO | $0 | $0 |