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← AMERICAN CANCER SOCIETY

Form 990 for tax year 2023

Filed by AMERICAN CANCER SOCIETY.

Totals

Total revenue
$795,343
Total expenses
$3,005,064
Contributions and grants received
$0
Grants paid
$2,640,763
Program service revenue
$0
Investment income
$0
Other revenue
$795,343
Total assets, end of year
$9,174,002
Total liabilities, end of year
$9,602,842
Net assets or fund balances, end of year
-$428,840
Program services expenses (Part IX)
$3,005,064
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$3,005,064

Program services were 100.0% 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.

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $729,518

  • 6c · Rental income or loss

    real property $729,518 · personal property $0

  • 6d · Net rental income or loss

    total $729,518 · related or exempt $729,518

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: CHANGE IN VALUE OF POOLED FUNDS

    total $65,825 · excluded $65,825

  • 11e · Other revenue, total

    $65,825

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,640,763 · program services $2,640,763

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $128,688 · program services $128,688

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $235,613 · program services $235,613

  • 23 · Insurance

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $188,096 · end of year $105,024

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,407,160 · end of year $1,567,000

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

    $8,533,056

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

    $1,031,078

  • 10c · Land, buildings and equipment, net

    beginning of year $7,715,305 · end of year $7,501,978

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $2,073,162 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $9,602,842 · end of year $9,602,842

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,780,881 · end of year -$428,840

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

TO SUPPORT ACS BY DEVELOPING, OWNING, AND OPERATING REAL PROPERTY FOR USES IN THE FURTHERANCE OF THE MISSION OF ACS.

Activities or mission (Part I)

TO SUPPORT THE AMERICAN CANCER SOCIETY, INC. (ACS) BY DEVELOPING, OWNING, AND OPERATING REAL PROPERTY FOR USES IN THE FURTHERANCE OF THE MISSION OF ACS.

  • SEE SCHEDULE O

    Expenses $3,005,064 · Grants $2,640,763 · Revenue $729,518

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Karen E Knudsen PhD

    PRESIDENT & DIRECTOR

    Total calculated
    $1,520,301
    From this org
    $0
    From related orgs
    $1,404,895
    Other
    $115,406
    Hours/week
    1 + 62 related

    Schedule J breakdown matched by us

    Base
    $0 + $889,810 related
    Bonus
    $0 + $512,736 related
    Other
    $0 + $2,349 related
    Deferred
    $0 + $83,805 related
    Nontaxable benefits
    $0 + $31,601 related
    Filer's total
    $0 + $1,520,301 related

  • Michael L Neal

    VICE PRESIDENT

    Total calculated
    $929,146
    From this org
    $0
    From related orgs
    $830,990
    Other
    $98,156
    Hours/week
    1 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $519,608 related
    Bonus
    $0 + $279,156 related
    Other
    $0 + $32,226 related
    Deferred
    $0 + $75,940 related
    Nontaxable benefits
    $0 + $22,216 related
    Filer's total
    $0 + $929,146 related

  • Timothy B Phillips

    ASSISTANT SECRETARY

    Total calculated
    $663,234
    From this org
    $0
    From related orgs
    $588,586
    Other
    $74,648
    Hours/week
    1 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $401,447 related
    Bonus
    $0 + $185,267 related
    Other
    $0 + $1,872 related
    Deferred
    $0 + $56,594 related
    Nontaxable benefits
    $0 + $18,054 related
    Filer's total
    $0 + $663,234 related

  • John Woodward

    DIRECTOR

    Total calculated
    $650,921
    From this org
    $0
    From related orgs
    $552,699
    Other
    $98,222
    Hours/week
    1 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $399,788 related
    Bonus
    $0 + $151,910 related
    Other
    $0 + $1,001 related
    Deferred
    $0 + $70,664 related
    Nontaxable benefits
    $0 + $27,558 related
    Filer's total
    $0 + $650,921 related

  • Robert C Cook

    SECRETARY/TREASURER & DIRECTOR

    Total calculated
    $290,623
    From this org
    $0
    From related orgs
    $241,211
    Other
    $49,412
    Hours/week
    1 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,414 related
    Bonus
    $0 + $41,074 related
    Other
    $0 + $723 related
    Deferred
    $0 + $26,160 related
    Nontaxable benefits
    $0 + $23,252 related
    Filer's total
    $0 + $290,623 related

  • Jung H Kim

    FORMER PRESIDENT

    Total calculated
    $128,068
    From this org
    $0
    From related orgs
    $128,068
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $128,068 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $128,068 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)

SCHEDULE J, PART I, LINE 3: ARRANGEMENT TOP MGMT OFFICIAL'S COMPENSATION
THE INDIVIDUALS DISCLOSED ON PART VII AND SCHEDULE J ARE EMPLOYEES OF AND ARE COMPENSATED BY ACS. THE PROCEDURES FOR REVIEWING AND DETERMINING COMPENSATION OF THESE INDIVIDUALS ARE CONDUCTED IN ACCORDANCE WITH THOSE OF ACS. PLEASE SEE THE SCHEDULE O DISCLOSURE FOR FORM 990, PART VI, SECTION B, LINE 15 FOR THE PROCEDURES USED BY ACS.
SCHEDULE J, PART I, LINE 4B: SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
EMPLOYEES DISCLOSED ON SCHEDULE J, PART II OF THE FORM 990 ARE EMPLOYEES OF ACS, WHICH CONTROLS THE FILING ORGANIZATION. ACS MAINTAINS 457(B) AND 457(F) PLANS AS PART OF THE TOTAL COMPENSATION ARRANGEMENTS FOR CERTAIN EXECUTIVES. ACS RESTORES MATCHING CONTRIBUTION BENEFITS THAT ARE LOST AS A RESULT OF TAX RESTRICTIONS ON ITS 403(B) PLAN IN THE 457(B) AND 457(F) PLANS. AS PART OF THE COMPENSATION COMMITTEE'S (THE "COMMITTEE") RESPONSIBILITIES, THE COMMITTEE CONSIDERS THE NEW AND TOTAL VALUES OF THE 457(F) BENEFITS AS PART OF THE TOTAL COMPENSATION FOR EACH PARTICIPATING EXECUTIVE. THE COMMITTEE'S PROCESS IS FULLY DESCRIBED IN SCHEDULE O OF ACS' FORM 990 AS RELATED TO PART VI, LINE 15. The following former officer received a final payout of supplemental executive retirement plan compensation they earned in their former role. Per the terms of the plan, the former officer became eligible to receive payment in 2023. JUNG HWA KIM - $207,844
SCHEDULE J, PART II, COLUMN (C)
SCHEDULE J, PART II, COLUMN C INCLUDES DEFERRED COMPENSATION RELATED TO THE ANNUAL CHANGE IN ACTUARIAL VALUE OF A QUALIFIED DEFINED BENEFIT RETIREMENT PLAN. THE CHANGE IS CAUSED BY CHANGES IN ACTUARIAL ASSUMPTIONS, WHICH ARE REQUIRED TO BE USED TO VALUE THE BENEFITS. PRIOR TO ACTUAL RETIREMENT, THESE ACTUARIAL (ESTIMATED) VALUES CAN INCREASE OR DECREASE FROM YEAR TO YEAR DEPENDING ON WHETHER CERTAIN ASSUMPTIONS INCREASE OR DECREASE.

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

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
6 September 2024
IRS schema version
2023v5.1
Source object
202442549349300509

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