Fred Hutchinson Cancer Center
- Assets
- $3.0b
- Revenue
- $1.3b
- Investments
- $87.5m
- Employees
- 2,549
- Location
- Seattle, WA
- Founding
- 08/2000
- Data as of
- 06/2022
- EIN
- 91-1935159
Organization Overview
Fred Hutchinson Cancer Center is located in Seattle, WA. The organization was established in 2000. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Fred Hutchinson Cancer Center employed 2,549 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fred Hutchinson Cancer Center 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 06/2022, Fred Hutchinson Cancer Center generated $1.3b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $1.1b during the year ending 06/2022. While expenses have increased by 13.2% 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.
Since 2015, Fred Hutchinson Cancer Center has awarded 327 individual grants totaling $40,390,657. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FRED HUTCHINSON CANCER CENTER UNITES INNOVATIVE RESEARCH AND COMPASSIONATE CARE TO PREVENT AND ELIMINATE CANCER AND INFECTIOUS DISEASE. WE'RE DRIVEN BY THE URGENCY OF OUR PATIENTS, THE HOPE OF OUR COMMUNITY AND OUR PASSION FOR DISCOVERY TO PURSUE SCIENTIFIC BREAKTHROUGHS AND HEALTHIER LIVES FOR EVERY PERSON IN EVERY COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLINICAL CARE:A DISTINGUISHING FEATURE OF FRED HUTCH CLINICAL CARE IS THE INTEGRATION OF OUR TREATMENT PROGRAMS AND RESEARCH, WHICH WAS STRENGTHENED BY THE APRIL 2022 MERGER OF A RESPECTED CLINICAL CANCER CARE ORGANIZATION (SEATTLE CANCER CARE ALLIANCE) AND A RENOWNED RESEARCH ORGANIZATION (FRED HUTCHINSON CANCER RESEARCH CENTER), CREATING FRED HUTCHINSON CANCER CENTER. THIS UNIFICATION SUPPORTS OUR FOCUS OF SPEEDING THE TRANSFER OF NEW DIAGNOSTIC AND TREATMENT TECHNIQUES FROM THE RESEARCH SETTING TO PATIENT CARE. THE HIGHLY INTEGRATED APPROACH SUPPORTS THE FLOW OF SCIENTIFIC INFORMATION AMONG RESEARCHERS, CLINICIANS, AND PATIENTS, THEREBY ACCELERATING THE DEVELOPMENT OF NEW KNOWLEDGE AND TREATMENT OF VARIOUS CANCERS.THE 2022 MERGER WAS ALSO ACCOMPANIED BY A RESTRUCTURING OF A LONG-STANDING RELATIONSHIP WITH THE UW MEDICINE HEALTH SYSTEM. UNDER THIS RESTRUCTURING AGREEMENT, FRED HUTCH, AN INDEPENDENT, NONPROFIT ORGANIZATION, NOW SERVES AS THE CANCER PROGRAM FOR UW MEDICINE. THIS UNIQUE RELATIONSHIP BETWEEN TWO SEPARATE ORGANIZATIONS ALLOWS FOR ENHANCED CARE COORDINATION BETWEEN A TOP-RANKED CANCER CENTER AND ONE OF THE WORLD'S LEADING INTEGRATED HEALTH SYSTEMS.AS PART OF FRED HUTCH'S COMMITMENT TO ADVANCING THE STANDARD OF CANCER CARE, IT OFFERS MANY EDUCATIONAL OPPORTUNITIES FOR HEALTH CARE PROFESSIONALS OF ALL KINDS SEEKING THE SPECIALIZED KNOWLEDGE IN ONCOLOGY SETTINGS TO EARN CONTINUING EDUCATION CREDITS. FRED HUTCH IS DESIGNATED AS AN INSTRUCTIONAL SITE FOR BACHELOR AND ADVANCED DEGREE CANDIDATES FROM SEVERAL INSTITUTIONS AROUND THE PUGET SOUND AREA. FRED HUTCH OPERATES A HOUSING PROGRAM INCLUDING BOTH SOUTH LAKE UNION HOUSE AND PETE GROSS HOUSE AND RELATED TRANSPORTATION TO THE CLINIC.
RESEARCH PROGRAM: FRED HUTCH RESEARCH PROGRAMS INTEGRATE THE LATEST IN COMPUTATIONAL, LABORATORY AND PATIENT-ORIENTED CLINICAL RESEARCH METHODS TO BETTER UNDERSTAND THE MECHANISMS THAT DRIVE CANCER AND OTHER HUMAN DISEASES. OUR RESEARCHERS ARE CONTINUALLY DEVELOPING NEW THERAPEUTIC APPROACHES AND THEY DEVELOP AND LEAD CLINICAL TRIALS THAT HELP MOVE LABORATORY DISCOVERIES INTO NEW TREATMENT OPTIONS FOR PATIENTS. OUR DISCOVERIES, WHICH INCLUDE PROVING BONE MARROW TRANSPLANTATION COULD CURE LEUKEMIAS AND OTHER BLOOD CANCERS, HAVE SAVED HUNDREDS OF THOUSANDS OF LIVES. FRED HUTCH RESEARCHERS PARTNER WITH SCIENTISTS AT LABORATORY, CLINICAL AND FIELD SITES IN THE AMERICAS, AFRICA, ASIA AND EUROPE. OUR RESEARCHERS TAKE PRIDE IN THEIR COLLABORATIVE EFFORTS TO PREDICT, DETECT, TREAT, AND PREVENT INFECTIOUS DISEASES IN HUMANS, INCLUDING KNOWN AND EMERGING INFECTIONS OF MAJOR GLOBAL HEALTH IMPORTANCE, SUCH AS CORONAVIRUS, HIV AND CANCER-RELATED INFECTIOUS DISEASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Davidson MD Evp Clinical Affairs, Dir Eff 4/22 | OfficerTrustee | 37.4 | $861,197 |
Thomas Lynch President & Director | OfficerTrustee | 55 | $0 |
Paula Reynolds Chair Thru 03/22 | OfficerTrustee | 2 | $0 |
Stewart Landefeld Vice Chair Thru 03/22 | OfficerTrustee | 2.5 | $0 |
Mike Delman Treasurer Thru 03/22 | OfficerTrustee | 2 | $0 |
Kimberly Mcnally Secretary Thru 03/22 | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gly Construction Inc Construction | 6/29/22 | $55,118,805 |
University Of Washington Healthcare, Services | 6/29/22 | $139,909,631 |
Fred Hutchinson Cancer Research Center Admin, Support, Svcs, Consulting | 6/29/22 | $39,907,558 |
National Marrow Donor Program Marrow Transplant Services | 6/29/22 | $11,446,630 |
Lease Crutcher Lewis Construction | 6/29/22 | $4,065,963 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $887,007 |
| Membership dues | $0 |
| Fundraising events | $1,040,234 |
| Related organizations | $0 |
| Government grants | $142,384,411 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,866,683 |
| Noncash contributions included in lines 1a–1f | $527,991 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $159,178,335 |
| Total Program Service Revenue | $1,046,363,504 |
| Investment income | $20,969,388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,589,915 |
| Net Rental Income | $349,946 |
| Net Gain/Loss on Asset Sales | $53,874,933 |
| Net Income from Fundraising Events | -$107,056 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,283,961,922 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,811,433 |
| Grants and other assistance to domestic individuals. | $1,548,152 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,378,847 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $12,403,720 |
| Compensation of current officers, directors, key employees. | $8,324,028 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $244,374,099 |
| Pension plan accruals and contributions | $15,167,274 |
| Other employee benefits | $34,896,410 |
| Payroll taxes | $21,325,978 |
| Fees for services: Management | $5,450,073 |
| Fees for services: Legal | $2,813,842 |
| Fees for services: Accounting | $1,298,089 |
| Fees for services: Lobbying | $394,986 |
| Fees for services: Fundraising | $517,259 |
| Fees for services: Investment Management | $720,955 |
| Fees for services: Other | $189,205,709 |
| Advertising and promotion | $3,450,070 |
| Office expenses | $7,517,306 |
| Information technology | $38,495,711 |
| Royalties | $608,250 |
| Occupancy | $30,887,837 |
| Travel | $1,507,492 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,850,554 |
| Interest | $9,232,462 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,525,546 |
| Insurance | $2,639,982 |
| All other expenses | $4,450,310 |
| Total functional expenses | $1,134,529,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,398 |
| Savings and temporary cash investments | $367,957,481 |
| Pledges and grants receivable | $79,772,937 |
| Accounts receivable, net | $342,052,782 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,399,931 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,215,988 |
| Net Land, buildings, and equipment | $804,686,061 |
| Investments—publicly traded securities | $892,497,058 |
| Investments—other securities | $87,469,144 |
| Investments—program-related | $11,025 |
| Intangible assets | $9,314,192 |
| Other assets | $374,450,204 |
| Total assets | $2,999,831,201 |
| Accounts payable and accrued expenses | $208,429,195 |
| Grants payable | $0 |
| Deferred revenue | $55,038,716 |
| Tax-exempt bond liabilities | $672,929,694 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $421,225,000 |
| Unsecured mortgages and notes payable | $6,061,402 |
| Other liabilities | $685,898,210 |
| Total liabilities | $2,049,582,217 |
| Net assets without donor restrictions | $745,653,984 |
| Net assets with donor restrictions | $204,595,000 |
| 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 | $2,999,831,201 |
Grants Awarded
Over the last fiscal year, Fred Hutchinson Cancer Center has awarded $27,655,479 in support to 179 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN AMERICANS REACH AND TEACH HEALTH PURPOSE: ADMINISTRATION | $16,694 |
ALASKA NATIVE TRIBAL HEALTH CONSORTIUM PURPOSE: SHARED RESOURCES | $7,325 |
ALBERT EINSTEIN COLLEGE OF MEDICINE PURPOSE: VACCINE AND INFECTIOUS DISEASE | $16,066 |
ALASKA NATIVE TRIBAL HEALTH CONSORTIUM PURPOSE: PUBLIC HEALTH SCIENCES | $5,211 |
ALBERT EINSTEIN COLLEGE OF MEDICINE PURPOSE: CLINICAL RESEARCH | $15,222 |
AMERICAN CANCER SOCIETY INC PURPOSE: PUBLIC HEALTH SCIENCES | $11,523 |