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← COMMONWEALTH FOUNDATION FOR CANCER RESEARCH FOUNDATION

Form 990 for tax year 2024

Filed by COMMONWEALTH FOUNDATION FOR CANCER RESEARCH FOUNDATION.

Totals

Total revenue
$25,046,690
Total expenses
$55,998,011
Contributions and grants received
$20,840,729
Grants paid
$55,912,005
Program service revenue
$0
Investment income
$4,205,194
Other revenue
$767
Total assets, end of year
$50,949,327
Total liabilities, end of year
$96,958
Net assets or fund balances, end of year
$50,852,369
Program services expenses (Part IX)
$55,912,005
Management and general expenses
$86,006
Fundraising expenses
$0
Program service expenses (Part III)
$55,912,005

Program services were 99.8% 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.

  • 1f · All other contributions, gifts and grants

    $20,840,729

  • 3 · Investment income

    total $2,628,222 · excluded $2,628,222

  • 6a · Gross rents

    real property $10,000

  • 6b · Less rental expenses

    real property $2,581

  • 6c · Rental income or loss

    real property $7,419

  • 6d · Net rental income or loss

    total $7,419 · excluded $7,419

  • 7a · Gross sales of assets other than inventory

    securities $75,803,462 · other assets $1,940,163

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

    securities $75,799,767 · other assets $366,886

  • 7c · Gain or loss

    securities $3,695 · other assets $1,573,277

  • 7d · Net gain or loss

    total $1,576,972 · excluded $1,576,972

  • 11a · Other revenue: NET INCOME FROM INVEST

    total -$6,652 · excluded -$6,652

  • 11e · Other revenue, total

    -$6,652

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $55,912,005 · program services $55,912,005

  • 5 · Compensation of officers, directors and key employees

    total $27,500 · management and general $27,500

  • 11c · Fees: accounting

    total $9,000 · management and general $9,000

  • 24a · Other expenses: REAL ESTATE TAXES

    total $37,585 · management and general $37,585

  • 24b · Other expenses: ASSOCIATION DUES AND LO

    total $8,526 · management and general $8,526

  • 24c · Other expenses: BROKERAGE FEES

    total $2,683 · management and general $2,683

  • 24d · Other expenses: MAINTENANCE

    total $684 · management and general $684

  • 24e · All other expenses

    total $28 · management and general $28

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,302,586 · end of year $816,082

  • 7 · Other notes and loans receivable

    beginning of year $4,560,047 · end of year $4,259,345

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

    $4,930,984

  • 10c · Land, buildings and equipment, net

    beginning of year $5,146,600 · end of year $4,930,984

  • 11 · Investments: publicly traded securities

    beginning of year $58,491,534 · end of year $28,544,191

  • 12 · Investments: other securities

    beginning of year $12,397,725 · end of year $12,397,725

  • 15 · Other assets

    beginning of year $1,000 · end of year $1,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $95,802 · end of year $96,958

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $81,803,690 · end of year $50,852,369

Mission and programs · 2024

Mission

TO PROVIDE FUNDING FOR CANCER RESEARCH

  • THE CORPORATION IS AN EXEMPT ORGANIZATION UNDER SEC. 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. THE ORGANIZATION PROVIDES SUPPORT FOR IMPROVING CARE AND ADVANCING DISCOVERIES AND NEW TECHNOLOGIES RELATING TO CANCER THROUGH CLINICAL STUDIES AND TRIALS.

    Expenses $55,854,555 · Grants $55,854,555

  • THE CORPORATION IS ORGANIZED AS A SUPPORTING ORGANIZATION FOR THE CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES OF THE COMMUNITY FOUNDATION, INC., AN EXEMPT ORGANIZATION UNDER SEC. 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

    Expenses $57,450 · Grants $57,450

As filed on the 2024 return.

Listed in Part VII

  • William H Goodwin Jr

    DIRECTOR, PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Alice T Goodwin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Wayne L Hunter

    DIRECTOR, TREASURER

    Total calculated
    $12,500
    From this org
    $12,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • John Sherman Jr

    DIRECTOR, SECRETARY

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • James A Jones

    TAX OFFICER

    Total calculated
    $0
    Hours/week
    0.5

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.

Grants 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
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202513179349301331

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