Nrg Oncology Foundation Inc
- Assets
- $13.4m
- Revenue
- $27.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 08/2014
- Data as of
- 06/2021
- EIN
- 90-0912747
Organization Overview
Nrg Oncology Foundation Inc is located in Philadelphia, PA. The organization was established in 2014. 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. Nrg Oncology Foundation 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 06/2021, Nrg Oncology Foundation Inc generated $27.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $27.1m during the year ending 06/2021. While expenses have increased by 2.3% per year over the past 6 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
NRG ONCOLOGY SEEKS TO IMPROVE THE LIVES OF CANCER PATIENTS BY CONDUCTING PRACTICE-CHANGING MULTI-INSTITUTIONAL CLINICAL AND TRANSLATIONAL RESEARCH WITH EMPHASES ON GENDER-SPECIFIC MALIGNANCIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTING PRACTICE-CHANGING MULTI-INSTITUTIONAL CLINICAL AND TRANSLATIONAL RESEARCH WITH EMPHASES ON GENDER-SPECIFIC MALIGNANCIES INCLUDING GYNECOLOGIC, BREAST, AND PROSTATE CANCERS AND ON LOCALIZED OR LOCALLY ADVANCED CANCERS OF ALL TYPES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman Wolmark MD Treasurer | OfficerTrustee | 4 | $0 |
Robert Mannel MD Chair | OfficerTrustee | 5 | $0 |
Kati Stoermer Executive Director | Officer | 40 | $0 |
Thomas Julian MD Director | Trustee | 1 | $0 |
Deborah Watkins Bruner PHD Director | Trustee | 1 | $0 |
Mitchell Machtay MD Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nsabp Foundation Inc Management | 6/29/21 | $745,468 |
The Gog Foundation Inc Management | 6/29/21 | $101,085 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,897,787 |
| All other contributions, gifts, grants, and similar amounts not included above | $308,744 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,206,531 |
| Total Program Service Revenue | $0 |
| Investment income | $423 |
| 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 | $27,206,954 |
| 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 | $79,455 |
| Fees for services: Accounting | $33,612 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $616,968 |
| Advertising and promotion | $0 |
| Office expenses | $55,450 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $159,406 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $50,011 |
| All other expenses | $10,353 |
| Total functional expenses | $27,063,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,672,845 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,654,387 |
| 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 | $41,380 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,024 |
| Total assets | $13,392,636 |
| Accounts payable and accrued expenses | $9,520,452 |
| Grants payable | $0 |
| Deferred revenue | $1,167,380 |
| 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 | $10,687,832 |
| Net assets without donor restrictions | $2,634,264 |
| Net assets with donor restrictions | $70,540 |
| 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 | $13,392,636 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nrg Oncology Foundation Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
The Gog Foundation Inc Edgewater, MD PURPOSE: URM AWARD | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ludwig Institute For Cancer Research New York, NY | $25,811,385 | $89,264,708 |
Institute For Cancer Research Philadelphia, PA | $148,137,241 | $82,576,402 |
Wistar Institute Of Anatomy & Biology Philadelphia, PA | $414,460,000 | $115,831,000 |
American Association For Cancer Research Philadelphia, PA | $261,131,206 | $103,171,549 |
The Gog Foundation Inc Edgewater, MD | $96,851,330 | $51,133,816 |
Nsabp Foundation Inc Pittsburgh, PA | $90,333,934 | $55,869,172 |
Cancer Research Institute Inc New York, NY | $130,438,312 | $33,675,150 |
Centre County Cancer Center State College, PA | $6,772,389 | $27,589,392 |
Nrg Oncology Foundation Inc Philadelphia, PA | $13,392,636 | $27,206,954 |
Cancer Research America Nfcr Inc Rockville, MD | $12,283,856 | $11,465,290 |
Premier Community Health Dayton, OH | $3,886,537 | $6,142,148 |
Abraham J And Phyllis Katz Cord Blood Foundation Cleveland, OH | $4,596,233 | $6,882,274 |