Tower Cancer Research Foundation is located in Beverly Hills, CA. The organization was established in 1997. As of 12/2023, Tower Cancer Research Foundation employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tower Cancer Research 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, Tower Cancer Research Foundation generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Tower Cancer Research Foundation has awarded 90 individual grants totaling $8,826,806. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
INNOVATIVE RESEARCH, COMMUNITY EDUCATION AND CARING PATIENT SUPPORT WHILE DEVELOPING MORE EFFECTIVE TREATMENTS FOR CANCER AND BLOOD DISORDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, TOWER FUNDED FOUR NEW CAREER DEVELOPMENT RESEARCH GRANTS FOR FOUR PROMISING YOUNG PHYSICIAN SCIENTISTS LOCATED AT UCLA, UCI AND UCSD. RESEARCH AREAS FOCUS ON INNOVATIVE THERAPIES SUCH AS: THE USE OF PH TO TARGET GLIOBLASTOMA CELLS IN HOPES TO IMPROVE TREATMENT FOR THIS DEADLY DISEASE; USING A MODEL OF SKIN CANCER, A NEW TOOL TO TRACK CANCER CELLS IN THEIR NATURAL HABITAT TO FIND HOW LYMPHATIC VESSELS SHIELD CANCER CELLS AND AID THEIR SPREAD TO OTHER PARTS OF THE BODY; TARGETING LIVER-METASTATIC PANCREATIC CANCER BY IDENTIFYING WEAKNESSES THAT CAN BE EXPLOITED TO SLOW THE GROWTH OF TUMORS IN THE LIVER OR POSSIBLY PREVENT THE ESTABLISHMENT OF METASTASIS FROM HAPPENING IN PANCREATIC CANCER; STEM CELL REPROGRAMMING OF ANTI-TUMOR T CELLS TO MAKE TIL THERAPY A MORE EFFECTIVE TREATMENT. IN ADDITION, TOWER CONTINUED FUNDING MUL-TI-YEAR SENIOR INVESTIGATOR GRANTS. TOTAL SCIENTIFIC GRANT EXPENDITURES IN 2023 TOPPED $700,000. INVESTING IN NOVEL IDEAS OF YOUNG INVESTIGATORS AND EXPERIENCED SENIOR INVESTIGATORS ALLOWS US TO LEVERAGE OUR DONOR DOLLARS TO HAVE MAXIMUM IMPACT. IN 2023 ALONE, TCRF RESEARCHERS REPORTED NEARLY $3M IN FOLLOW-ON FUNDING, DOZENS OF GRANTS, PUBLICATIONS ACADEMIC AWARDS, TWO CLINICAL TRIALS, AND SO MUCH MORE.OUR CLINICALLY-GROUNDED SURVIVORSHIP SUPPORT PROGRAMS, HOSTED BY MAGNOLIA HOUSE, ALIGN WITH THE CHALLENG-ES FACED BY PATIENTS, SURVIVORS, AND THE WHOLE CANCER COMMUNITY. WE PROVIDE INTEGRATIVE HEALTH AND WELL-NESS SUPPORT AND EDUCATION, THROUGH FREE FITNESS, THERAPEUTIC, AND HOLISTIC CLASSES, THAT EMPOWERPEOPLE TO DEVELOP A PHYSICAL AND EMOTIONAL TOOLKIT TO MEET THE CHALLENGES OF CANCER FROM DIAGNOSIS TO SURVIVORSHIP. IN 2023, TOWER INVESTED OVER $500,000 IN SURVIVORSHIP PROGRAMS. IN 2013, MAGNOLIA HOUSE SURVIVORSHIP SUPPORT PROGRAM OFFERED 20 CLASSES AND HAD 500 VISITS IN THE FIRST YEAR. IN 2023, MAGNOLIA HOUSE OFFERED OVER 1500 CLASSES/SERVICES AND RECEIVED OVER 20,000 PARTICIPANT VISITS. IN RESPONSE TO COVID19, WE CONTINUED OFFERING CLASSES ONLINE VIA ZOOM WHICH HAS EXPANDED THE DEMOGRAPHICS IN WHICH WE SERVICE AND ENABLED US TO INCREASE OUR CLASS CAPACITIES. WE ADDED OUTDOOR PROGRAMMING AT LOCAL PARKS WHICH HAVE BEEN WELL RECEIVED. EVEN WITH AN INCREASE IN CLASS CAPACITIES, MANY OF OUR CLASSES HAD A WAIT LIST WHICH HIGHLIGHTS BOTH THE QUALITY IN THE PROGRAMS WE OFFER AND THE VOID THAT EXISTS, ESPECIALLY WITH THE ISO-LATION MANY CANCER PATIENTS EXPERIENCE. PARTICIPANTS VIEW MAGNOLIA HOUSE SURVIVORSHIP SUPPORT PROGRAM AS A LIFELINE THAT PROVIDES NOT ONLY ENHANCED QUALITY OF LIFE BUT A COMMUNITY OF FRIENDSHIP, ENCOURAGEMENT, AND COMFORT AS WELL. ONE EXAMPLE THAT REFLECTS THE IMPACT OF MAGNOLIA HOUSE, IS THE SURVIVOR 2 THRIVER PEER TO PEER FUNDRAISING CAMPAIGN WE LAUNCHED IN THE SUMMER OF 2023. OUR GOAL WAS TO RAISE $5,000. MAGNOLIA HOUSE PARTICIPANTS RAISED $30,000 THROUGH THIS CAMPAIGN, HIGHLIGHTING THE DEPTH OF COMMUNITY AND IMPACT OF THE MAGNOLIA HOUSE PROGRAM.TOWER'S COMMUNITY PARTNERSHIP GRANT REVIEW COMMITTEE IS COMPOSED OF EXPERT VOLUNTEERS WHO REVIEW APPLICATIONS IN DEPTH AND THEN MEET TO DISCUSS GRANT APPLICATIONS FROM CANCER SUPPORT ORGANIZATIONS ACROSS SOUTHERN CALIFORNIA. IN 2023, WE FUNDED $200,000 IN COMMUNITY PARTNER GRANTS AND CONTINUED TO REFINE OUR REVIEW PROCESS WITH A NEW GRANT MANAGEMENT SYSTEM, NEW AND EXPERIENCED PEER GRANT REVIEWERS, AND A NEEDS ASSESSMENT TO REFLECT A MORE TARGETED FOCUS ON FUNDING ORGANIZATIONS THAT SUPPORT UNDERSERVED AND UNDER RESOURCED COMMUNITIES ALLOWING US TO EXTEND OUR SUPPORT TO THOSE MOST IN NEED OF CARE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Nancy Rosenfelt Chairman Of The Board | OfficerTrustee | 2 | $0 |
Larry Rosenstein Vice Chair | OfficerTrustee | 2 | $0 |
Donna Rosen Past Chairman Of The Board | OfficerTrustee | 2 | $0 |
Abby Levy Past Chairman Of The Board | Trustee | 2 | $0 |
Nancy Mishkin Past Chairman Of The Board | Trustee | 2 | $0 |
Solomon I Hamburg MD PHD President | OfficerTrustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $1,640,579 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,203,352 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,843,931 |
Total Program Service Revenue | $0 |
Investment income | $42,768 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$347,591 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,539,108 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $790,925 |
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. | $247,917 |
Compensation of current officers, directors, key employees. | $49,583 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $669,493 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $84,517 |
Payroll taxes | $73,166 |
Fees for services: Management | $0 |
Fees for services: Legal | $3,031 |
Fees for services: Accounting | $37,748 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $164,594 |
Advertising and promotion | $57,891 |
Office expenses | $52,719 |
Information technology | $72,249 |
Royalties | $0 |
Occupancy | $540,100 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $12,195 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $101,715 |
Insurance | $27,793 |
All other expenses | $0 |
Total functional expenses | $3,174,666 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $415,121 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $378,300 |
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 | $66,158 |
Net Land, buildings, and equipment | $197,200 |
Investments—publicly traded securities | $2,134,160 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $736,846 |
Total assets | $3,927,785 |
Accounts payable and accrued expenses | $123,166 |
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 | $2,369,590 |
Total liabilities | $2,492,756 |
Net assets without donor restrictions | $391,686 |
Net assets with donor restrictions | $1,043,343 |
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 | $3,927,785 |
Over the last fiscal year, Tower Cancer Research Foundation has awarded $1,027,925 in support to 13 organizations.
Grant Recipient | Amount |
---|---|
BREAST CANCER ANGELS PURPOSE: COMMUNITY OUTREACH | $20,000 |
BUMBLE BEE FOUNDATION PURPOSE: COMMUNITY OUTREACH | $15,000 |
CALIFORNIA STATE UNIVERSITY NORTHRIDGE FOUNDATION PURPOSE: COMMUNITY OUTREACH | $25,000 |
CENTER FOR PSYCHOLOGY OF CANCER PURPOSE: COMMUNITY OUTREACH | $15,000 |
OUR HOUSE PURPOSE: COMMUNITY OUTREACH | $25,000 |
MEGAN'S WINGS INC PURPOSE: COMMUNITY OUTREACH | $20,000 |
Organization Name | Assets | Revenue |
---|---|---|
Olive View Ucla Education And Research Institute Inc Sylmar, CA | $13,925,204 | $14,010,014 |
Tower Cancer Research Foundation Beverly Hills, CA | $3,927,785 | $2,539,108 |
National Alopecia Areata Foundation San Rafael, CA | $3,489,660 | $3,613,350 |
Hawaii Hospital Education And Research Foundation Honolulu, HI | $2,011,127 | $2,796,667 |
Straub Foundation Honolulu, HI | $26,564,863 | $14,587,144 |
East Bay Institute For Research And Education Inc Rancho Cordova, CA | $1,080,729 | $1,603,332 |
California Institute For Medical Research San Jose, CA | $1,101,764 | $615,358 |
Alzheimers Research And Prevention Foundation Tucson, AZ | $2,675,186 | $565,965 |
Harvey Bassett Clarke Foundation Palo Alto, CA | $209,987 | $200,500 |
Maricopa Medical Foundation Phoenix, AZ | $386,122 | $0 |
Sherman Oaks Orthopaedic Research Foundation Inc Sherman Oaks, CA | $108,764 | $0 |
Los Angeles Biomedical Research Foundation At Harbor Ucla Medical Torrance, CA | $8,765 | $0 |