Huntsman Cancer Foundation
- Assets
- $266.6m
- Revenue
- $34.8m
- Investments
- $111.4m
- Employees
- 20
- Location
- Salt Lake City, UT
- Founding
- 09/1995
- Data as of
- 12/2021
- 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 12/2021, Huntsman Cancer Foundation employed 20 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 12/2021, Huntsman Cancer Foundation generated $34.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $44.3m during the year ending 12/2021. While expenses have increased by 12.8% 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
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 |
Ron Moffitt Secretary | Officer | 1 | $0 |
Susan J Sheehan President/coo | Officer | 1 | $0 |
Thomas E Muir VP Finance/cfo | Officer | 3 | $0 |
Ruth V Watkins PHD Director | Trustee | 1 | $0 |
A Scott Anderson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Donlon Agency Marketing And Public Relations | 12/30/20 | $1,049,536 |
Lund Law Legal Services | 12/30/20 | $115,000 |
Jkh Management Management Services | 12/30/20 | $403,461 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,576,343 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,393,003 |
| Noncash contributions included in lines 1a–1f | $1,152,627 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,969,346 |
| Total Program Service Revenue | $0 |
| Investment income | $3,398,521 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,690,170 |
| Net Income from Fundraising Events | -$217,347 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,840,690 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,036,170 |
| 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 | $2,267,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $84,534 |
| Fees for services: Accounting | $24,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $586,312 |
| Fees for services: Other | $357,192 |
| Advertising and promotion | $37,052 |
| Office expenses | $28,253 |
| Information technology | $47,879 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $56,317 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $339,684 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $67,805 |
| All other expenses | $1,394,445 |
| Total functional expenses | $44,327,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,949,308 |
| Savings and temporary cash investments | $60,242,329 |
| Pledges and grants receivable | $58,576,765 |
| 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 | $34,227,812 |
| Investments—other securities | $111,387,850 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $226,895 |
| Total assets | $266,610,959 |
| Accounts payable and accrued expenses | $291,949 |
| 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 | $34,601,441 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $34,893,390 |
| Net assets without donor restrictions | $231,717,569 |
| 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 | $266,610,959 |
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: DONATION OF BUILDING TO HUNTSMAN CANCER INSTITUTE | $106,531,433 |
HEALTH SCIENCES CENTER PURPOSE: SUPPORT TO HUNTSMAN CANCER INSTITUTE | $32,656,233 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Huntsman Cancer Foundation has recieved totaling $1,018,000.
| Awarding Organization | Amount |
|---|---|
Beaumont Foundation Of America Beaumont, TX | | $1,000,000 |
William And Joanne Moeller Foundation Scottsdale, AZ PURPOSE: GENERAL SUPPORT | $8,000 |
Eva And Marvin Schlanger Family Foundation Palm Beach Gardens, FL PURPOSE: TO FUND THE RECIPIENT'S OPERATING BUDGET | $5,000 |
Blanche March Foundation Laguna Niguel, CA PURPOSE: CANCER RESEARCH AND SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Huntsman Cancer Foundation Salt Lake City, UT | $266,610,959 | $34,840,690 |
Translational Genomics Research Institute Foundation Phoenix, AZ | $24,235,369 | $3,772,453 |
Research Development Foundation Carson City, NV | $46,239,131 | $15,306,815 |
E C Fuller Trust U Art 16 Main Las Vegas, NV | $8,830,122 | $1,205,687 |
Copic Medical Foundation Denver, CO | $22,762,138 | $1,084,762 |
Wings Of Hope For Pancreatic Cancer Research Castle Pines, CO | $147,426 | $438,027 |
Navajo Hopi Health Foundation Inc Tuba City, AZ | $9,740,178 | $592,118 |
Turner Charitable Memorial Tr Phoenix, AZ | $1,227,747 | $132,752 |
Dr David H Houston Medical Research Fund 18-106000 Las Vegas, NV | $999,454 | $91,103 |
Heathers Mission Phoenix, AZ | $14,271 | $44,165 |
Cancer Services Of New Mexico Foundation Albuquerque, NM | $542,089 | $61,580 |
William C Kuzell Foundation Englewood, CO | $765,876 | $119,266 |