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← SPEED OF LIGHT - THE ASTRO FOUNDATION

Form 990 for tax year 2023

Filed by SPEED OF LIGHT - THE ASTRO FOUNDATION.

Totals

Total revenue
$518,598
Total expenses
$1,017,164
Contributions and grants received
$306,073
Grants paid
$417,590
Program service revenue
$0
Investment income
$249,672
Other revenue
-$37,147
Total assets, end of year
$16,890,609
Total liabilities, end of year
$83,412
Net assets or fund balances, end of year
$16,807,197
Program services expenses (Part IX)
$559,922
Management and general expenses
$186,640
Fundraising expenses
$270,602
Program service expenses (Part III)
$559,922

Program services were 55.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $47,809

  • 1d · Related organizations

    $13,519

  • 1f · All other contributions, gifts and grants

    $244,745

  • 3 · Investment income

    total $364,068 · excluded $364,068

  • 7a · Gross sales of assets other than inventory

    securities $771,155

  • 7b · Less cost or other basis and sales expenses

    securities $885,551

  • 7c · Gain or loss

    securities -$114,396

  • 7d · Net gain or loss

    total -$114,396 · excluded -$114,396

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $47,809

  • 8b · Fundraising events: direct expenses

    $37,147

  • 8c · Net income from fundraising events

    total -$37,147 · excluded -$37,147

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $417,590 · program services $417,590

  • 7 · Other salaries and wages

    total $344,592 · program services $89,498 · management and general $94,002 · fundraising $161,092

  • 11b · Fees: legal

    total $3,988 · program services $3,988

  • 11c · Fees: accounting

    total $16,744 · management and general $16,744

  • 11f · Fees: investment management

    total $33,592 · management and general $33,592

  • 11g · Fees: other

    total $43,167 · program services $14,547 · fundraising $28,620

  • 13 · Office expenses

    total $33,260 · program services $416 · management and general $9,875 · fundraising $22,969

  • 16 · Occupancy

    total $82,090 · program services $25,194 · management and general $20,614 · fundraising $36,282

  • 17 · Travel

    total $10,958 · program services $2,836 · management and general $5,010 · fundraising $3,112

  • 19 · Conferences, conventions and meetings

    total $11,770 · program services $5,000 · management and general $1,589 · fundraising $5,181

  • 23 · Insurance

    total $5,175 · management and general $4,147 · fundraising $1,028

  • 24a · Other expenses: DUES AND PUBLICATIONS

    total $13,721 · program services $853 · management and general $848 · fundraising $12,020

  • 24b · Other expenses: MISCELLANEOUS

    total $517 · management and general $219 · fundraising $298

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $63,702 · end of year $24,859

  • 2 · Savings and temporary cash investments

    beginning of year $108,077 · end of year $189,181

  • 3 · Pledges and grants receivable

    beginning of year $218,861 · end of year $184,719

  • 4 · Accounts receivable

    beginning of year $28,725 · end of year $36,350

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,360 · end of year $5,970

  • 11 · Investments: publicly traded securities

    beginning of year $12,161,663 · end of year $13,713,356

  • 12 · Investments: other securities

    beginning of year $2,837,765 · end of year $2,736,174

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,879 · end of year $40,560

  • 18 · Grants payable

    beginning of year $48,961 · end of year $33,654

  • 25 · Other liabilities

    beginning of year $49,174 · end of year $9,198

  • 27 · Net assets without donor restrictions

    beginning of year $2,653,378 · end of year $2,721,208

  • 28 · Net assets with donor restrictions

    beginning of year $12,657,761 · end of year $14,085,989

Mission and programs · 2023

Mission

THE RADIATION ONCOLOGY INSTITUTE'S MISSION IS TO HEIGHTEN THE CRITICAL ROLE OF RADIATION THERAPY IN THE TREATMENT OF CANCER THROUGH RESEARCH AND EDUCATION.

Activities or mission (Part I)

TO ENHANCE AND PROMOTE THE CRITICAL ROLE OF RADIATION THERAPY IN THE TREATMENT OF CANCER.

  • RESEARCH PROGRAM SUPPORTS BOLD AND INNOVATIVE IDEAS IN RADIATION THERAPY TO IMPROVE OUTCOMES FOR PATIENTS SO THEY CAN LIVE LONGER, HEALTHIER LIVES. ROI CATALYZES DISCOVERY IN HIGH PRIORITY AREAS OF RESEARCH FOR RADIATION ONCOLOGY BY AWARDING GRANTS TO THE BEST AND BRIGHTEST INVESTIGATORS WHO ARE WORKING TO PERSONALIZE CARE, MINIMIZE TOXICITY, IMPROVE SAFETY AND QUALITY, ADVANCE HEALTH EQUITY, AND ENHANCE PATIENT EXPERIENCE.

    Expenses $504,417 · Grants $417,590

  • THE ROI TOOLBOX IS A RESOURCE FOR HEALTH CARE PROFESSIONALS THAT IS DESIGNED TO SUPPORT EVIDENCE-BASED PRACTICE. THIS POINT-OF-CARE TOOL COMPILES FREQUENTLY ACCESSED REFERENCES RELATED TO THE DELIVERY OF RADIATION THERAPY, INCLUDING DOSE CONSTRAINTS, CALCULATORS, TOXICITY SCALES, AND CLINICAL PRACTICE GUIDELINES. DEL REGATO PROGRAM SUPPORTS WEBINARS FOR RESIDENTS THROUGH A PARTNERSHIP WITH THE ASSOCIATION OF RESIDENTS IN RADIATION ONCOLOGY (ARRO) AND THE AMERICAN SOCIETY FOR RADIATION ONCOLOGY (ASTRO). THE LIVE WEBINARS ARE FREE OF CHARGE FOR RESIDENTS AND OFFER A UNIQUE OPPORTUNITY TO CONNECT WITH FACULTY LEADERS IN THE FIELD OF RADIATION ONCOLOGY

    Expenses $55,505

As filed on the 2023 return.

Listed in Part VII

  • Colleen A F Lawton

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Gita Suneja Research Committee

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • James P Hoey

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ronald Chen

    RESEARCH COMMITTEE CHAIR

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0
    Hours/week
    1

  • Phillip Devlin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ron Digiaimo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Join Y Luh

    DEVELOPMENT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jason A Efstathiou

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Deepak Khuntia

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Buatti

    ASTRO REPRESENTATION

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Geraldine Jacobsen

    ASTRO REPRESENTATION

    Total calculated
    $20,000
    From this org
    $0
    From related orgs
    $20,000
    Other
    $0
    Hours/week
    1 + 2 related

  • Laura I Thevenot

    EXEC. DIR., SECR. AND ASST

    Total calculated
    $879,281
    From this org
    $0
    From related orgs
    $810,124
    Other
    $69,157
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $613,610 related
    Bonus
    $0 + $118,529 related
    Other
    $0 + $77,985 related
    Deferred
    $0 + $44,000 related
    Nontaxable benefits
    $0 + $25,157 related
    Filer's total
    $0 + $879,281 related

  • Robert Miller

    FORMER RESEARCH COMMITTEE CHAIR

    Total calculated
    $31,827
    From this org
    $0
    From related orgs
    $31,827
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $31,827 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $31,827 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
ROI DOES NOT DIRECTLY HIRE OR COMPENSATE EMPLOYEES. ALL EMPLOYEES ARE EMPLOYEES OF THE AMERICAN SOCIETY FOR RADIATION ONCOLOGY (ASTRO), A RELATED ORGANIZATION EXEMPT UNDER SECTION 501(C)(6). AN INDEPENDENT CONSULTANT PERFORMED A MARKET SURVEY TO DEVELOP SALARY STRUCTURE AND RANGES. ASTRO'S PRACTICE IS TO COMPLETE A MARKET SURVEY EVERY THREE YEARS; THIS WAS LAST COMPLETED FOR THE EX-OFFICIO, EXECUTIVE DIRECTOR IN 2024. THE EX-OFFICIO, EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY A SUBCOMMITTEE OF THE BOARD USING COMPARABLE SALARIES OF SIMILAR EXECUTIVE DIRECTOR POSITIONS OF NONPROFIT MEDICAL ORGANIZATIONS. THIS REVIEW WAS DISCUSSED WITH THE BOARD OF DIRECTORS AND THE FINAL DETERMINATION WAS MADE BY THE EXECUTIVE COMMITTEE.
PART I, LINE 4B
DURING THE YEAR ENDED DECEMBER 31, 2023, LAURA THEVENOT, CEO, PARTICIPATED IN A 457(F) NONQUALIFIED PLAN, WITH CONTRIBUTIONS OF THE PLAN OF $11,000.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202443139349301489

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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