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Nonprofiteer
← THE LEONARD AND MADLYN ABRAMSON FAMILY CANCER RESEARCH INSTITUTE

Form 990 for tax year 2022

Filed by THE LEONARD AND MADLYN ABRAMSON FAMILY CANCER RESEARCH INSTITUTE.

Totals

Total revenue
$3,733,077
Total expenses
$784,268
Contributions and grants received
$3,713,572
Grants paid
$0
Program service revenue
$0
Investment income
$13,467
Other revenue
$6,038
Total assets, end of year
$14,493,133
Total liabilities, end of year
$2,295,496
Net assets or fund balances, end of year
$12,197,637
Program services expenses (Part IX)
$693,653
Management and general expenses
$70,428
Fundraising expenses
$20,187
Program service expenses (Part III)
$693,653

Program services were 88.4% 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

    $231,396

  • 1d · Related organizations

    $3,470,108

  • 1f · All other contributions, gifts and grants

    $12,068

  • 3 · Investment income

    total $13,467 · excluded $13,467

  • 8a · Fundraising events: gross income

    $114,786

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

    $231,396

  • 8b · Fundraising events: direct expenses

    $108,748

  • 8c · Net income from fundraising events

    total $6,038 · excluded $6,038

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $352,811 · program services $281,267 · management and general $53,104 · fundraising $18,440

  • 9 · Other employee benefits

    total $84,134 · program services $65,075 · management and general $17,312 · fundraising $1,747

  • 11g · Fees: other

    total $154,213 · program services $154,213

  • 17 · Travel

    total $7,609 · program services $7,609

  • 24a · Other expenses: SUPPLIES

    total $175,720 · program services $175,720

  • 24b · Other expenses: OTHER

    total $9,781 · program services $9,769 · management and general $12

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,503 · end of year $1,503

  • 2 · Savings and temporary cash investments

    beginning of year $10,832,396 · end of year $13,774,130

  • 4 · Accounts receivable

    beginning of year $7,500 · end of year $7,500

  • 9 · Prepaid expenses and deferred charges

    end of year $10,000

  • 10a · Land, buildings and equipment: cost or other basis

    $4,192,488

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,192,488

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    end of year $700,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,600 · end of year $0

  • 19 · Deferred revenue

    beginning of year $24,000 · end of year $38,600

  • 25 · Other liabilities

    beginning of year $1,560,971 · end of year $2,256,896

  • 27 · Net assets without donor restrictions

    beginning of year $8,284,461 · end of year $11,179,747

  • 28 · Net assets with donor restrictions

    beginning of year $964,367 · end of year $1,017,890

Mission and programs · 2022

Mission

THE PRIMARY EXEMPT PURPOSE OF THE INSTITUTE IS TO CONDUCT CANCER RESEARCH, DIAGNOSIS, AND EDUCATION IN COLLABORATION WITH THE UNIVERSITY OF PENNSYLVANIA ABRAMSON CANCER CENTER.

  • CANCER RESEARCH - CREATE AND MAINTAIN SPECIALIZED LABORATORY FACILITIES REQUIRED TO ENGAGE IN BASIC SCIENCE RESEARCH INCLUDING ANIMAL MODELS, DEVELOP CANCER VACCINES, CONDUCT CLINICAL TRIALS AND ANALYZE LARGE AMOUNTS OF RESEARCH AND PATIENT DATA.

    Expenses $686,044

  • EDUCATION - SCIENTISTS AT THE INSTITUTE ACTIVELY SHARE THEIR DISCOVERIES WITH THE RESEARCH COMMUNITY, PHYSICIANS AND STUDENTS. INSTITUTE RESEARCHERS DEVELOP AND TEACH COURSES ON RECENT ADVANCES IN RESEARCH, SPONSOR SEMINARS WHERE GRADUATE STUDENTS CAN PRESENT RESEARCH, DELIVER GUEST LECTURES AT MAJOR UNIVERSITIES AND CONFERENCES, HOST ESTEEMED INVITED SPEAKERS AND GENERALLY SHARE THEIR FINDINGS AMONGST THE GREATER RESEARCH COMMUNITY.

    Expenses $7,609

As filed on the 2022 return.

Listed in Part VII

  • Nancy Abramson Wolfson

    CHAIRPERSON/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Joseph M Yohlin

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Leonard Abramson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Betsy Z Cohen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ezekiel J Emanuel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Liz Magill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J Larry Jameson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Lichtman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leslie Anne Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joan Thalheimer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph R Zebrowitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Robert H Vonderheide

    PRESIDENT/EXECUTIVE DIRECTOR

    Total calculated
    $947,270
    From this org
    $0
    From related orgs
    $901,747
    Other
    $45,523
    Hours/week
    1 + 64 related

    Schedule J breakdown matched by us

    Base
    $0 + $650,836 related
    Bonus
    $0 + $249,600 related
    Other
    $0 + $1,311 related
    Deferred
    $0 + $27,450 related
    Nontaxable benefits
    $0 + $18,073 related
    Filer's total
    $0 + $947,270 related

  • Dr Joseph Carver

    SENIOR ADMINISTRATIVE OFFICER

    Total calculated
    $552,833
    From this org
    $0
    From related orgs
    $496,579
    Other
    $56,254
    Hours/week
    5 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $354,410 related
    Bonus
    $0
    Other
    $0 + $142,169 related
    Deferred
    $0 + $27,450 related
    Nontaxable benefits
    $0 + $28,804 related
    Filer's total
    $0 + $552,833 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
THE UNIVERSITY OF PENNSYLVANIA PAYS THE SALARIES OF THE INDIVIDUALS PERFORMING WORK FOR THE INSTITUTE AND IS REIMBURSED BY THE INSTITUTE FOR THE INSTITUTE'S SHARE OF THE COSTS. COSTS ARE ALLOCATED TO THE INSTITUTE BASED ON THE TIME AND EFFORT SPENT BY EACH INDIVIDUAL. A COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE OF THE UNIVERSITY OF PENNSYLVANIA IS USED TO ESTABLISH THE COMPENSATION OF THE INSTITUTE'S MANAGEMENT, OFFICERS AND KEY EMPLOYEES.

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

No itemized grants to organizations on this return.

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
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349316011

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