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Nonprofiteer
← FRIENDS OF CANCER RESEARCH

Form 990 for tax year 2023

Filed by FRIENDS OF CANCER RESEARCH.

Totals

Total revenue
$7,186,730
Total expenses
$5,245,007
Contributions and grants received
$6,891,086
Grants paid
$0
Program service revenue
$0
Investment income
$295,644
Other revenue
$0
Total assets, end of year
$19,663,708
Total liabilities, end of year
$3,827,913
Net assets or fund balances, end of year
$15,835,795
Program services expenses (Part IX)
$3,394,650
Management and general expenses
$1,126,391
Fundraising expenses
$723,966
Program service expenses (Part III)
$3,394,650

Program services were 64.7% 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

    $6,891,086

  • 3 · Investment income

    total $383,541 · excluded $383,541

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

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $4,035,012

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

    securities $4,122,909

  • 7c · Gain or loss

    securities -$87,897

  • 7d · Net gain or loss

    total -$87,897 · excluded -$87,897

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 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 $1,547,653 · program services $1,047,997 · management and general $371,272 · fundraising $128,384

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $992,206 · program services $663,697 · management and general $245,842 · fundraising $82,667

  • 8 · Pension plan contributions

    total $29,059 · program services $20,092 · management and general $6,986 · fundraising $1,981

  • 9 · Other employee benefits

    total $44,903 · program services $30,694 · management and general $10,783 · fundraising $3,426

  • 10 · Payroll taxes

    total $141,182 · program services $103,078 · management and general $26,025 · fundraising $12,079

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $31,848 · program services $1,604 · management and general $29,919 · fundraising $325

  • 11c · Fees: accounting

    total $126,564 · management and general $126,564

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $60,383 · management and general $60,383

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $162,004 · program services $109,701 · management and general $38,863 · fundraising $13,440

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $254,143 · program services $172,095 · management and general $60,966 · fundraising $21,082

  • 17 · Travel

    total $65,115 · program services $61,002 · management and general $1,703 · fundraising $2,410

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $1,040,006 · program services $623,249 · fundraising $416,757

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $73,990 · program services $50,103 · management and general $17,749 · fundraising $6,138

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Dues and Subscriptions

    total $298,330 · program services $253,018 · management and general $31,828 · fundraising $13,484

  • 24b · Other expenses: Consulting Fees

    total $145,455 · program services $109,871 · management and general $35,584

  • 24c · Other expenses: Contributions-other

    total $75,000 · program services $70,000 · management and general $5,000

  • 24d · Other expenses: Printing and Publications

    total $50,965 · program services $31,730 · management and general $3,893 · fundraising $15,342

  • 24e · All other expenses

    total $106,201 · program services $46,719 · management and general $53,031 · fundraising $6,451

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,187,436 · end of year $271,625

  • 2 · Savings and temporary cash investments

    beginning of year $537,611 · end of year $391,891

  • 3 · Pledges and grants receivable

    end of year $535,000

  • 4 · Accounts receivable

    beginning of year $83,956 · end of year $150,666

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $96,262 · end of year $138,892

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

    $712,201

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

    $565,856

  • 10c · Land, buildings and equipment, net

    beginning of year $218,583 · end of year $146,345

  • 11 · Investments: publicly traded securities

    beginning of year $10,447,978 · end of year $14,484,659

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $808,725 · end of year $3,544,630

  • 17 · Accounts payable and accrued expenses

    beginning of year $218,941 · end of year $218,632

  • 25 · Other liabilities

    beginning of year $924,072 · end of year $3,609,281

  • 27 · Net assets without donor restrictions

    beginning of year $11,450,041 · end of year $14,707,045

  • 28 · Net assets with donor restrictions

    beginning of year $787,497 · end of year $1,128,750

Mission and programs · 2023

Mission

TO DRIVE COLLABORATION AMONG PARTNERS FROM EVERY HEALTHCARE SECTOR TO POWER ADVANCES IN SCIENCE, POLICY AND REGULATION THAT SPEED LIFE-SAVING TREATMENTS TO PATIENTS.

  • Science Policy: FRIENDS OF CANCER RESEARCH DRIVES COLLABORATION AMONG PARTNERS FROM EVERY HEALTHCARE SECTOR TO POWER ADVANCES IN SCIENCE, POLICY AND REGULATION THAT SPEED LIFE-SAVING TREATMENTS TO PATIENTS.

    Expenses $2,308,091

  • Meetings and Professional Development: Friends of Cancer Research brings together leaders in cancer drug development, federal health and regulatory agencies, academic research, the private sector, and patient advocates for focused discussions on key issues surrounding the development and regulation of cancer drugs and therapies.

    Expenses $493,881

  • Communication: THE Organization PROVIDES INDEPTH COVERAGE OF THE EVENTS, TRENDS, AND ISSUES THAT AFFECT the public healthcare INDUSTRY.

    Expenses $471,235

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

Listed in Part VII

  • Jeff Allen PhD

    President & CEO

    Total calculated
    $738,623
    From this org
    $622,957
    From related orgs
    $0
    Other
    $115,666
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $572,957
    Bonus
    $50,000
    Other
    not reported
    Deferred
    $88,220
    Nontaxable benefits
    $27,446
    Filer's total
    $738,623
  • Ryan Hohman JD

    VP-Public Affairs

    Total calculated
    $306,767
    From this org
    $285,934
    From related orgs
    $0
    Other
    $20,833
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,934
    Bonus
    $15,000
    Other
    not reported
    Deferred
    $10,900
    Nontaxable benefits
    $9,933
    Filer's total
    $306,767
  • Mark Stewart PhD

    VP-Science Policy

    Total calculated
    $274,388
    From this org
    $258,113
    From related orgs
    $0
    Other
    $16,275
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,113
    Bonus
    $25,000
    Other
    not reported
    Deferred
    $9,385
    Nontaxable benefits
    $6,890
    Filer's total
    $274,388
  • Heather Chaney

    VP-Operations

    Total calculated
    $227,979
    From this org
    $207,967
    From related orgs
    $0
    Other
    $20,012
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,967
    Bonus
    $14,000
    Other
    not reported
    Deferred
    $7,858
    Nontaxable benefits
    $12,154
    Filer's total
    $227,979
  • Hillary Andrews

    Dir.-Reg & Res Par

    Total calculated
    $177,971
    From this org
    $161,668
    From related orgs
    $0
    Other
    $16,303
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,668
    Bonus
    $10,000
    Other
    not reported
    Deferred
    $6,123
    Nontaxable benefits
    $10,180
    Filer's total
    $177,971
  • linda ostermann

    Dir.-Grant & Oper

    Total calculated
    $164,866
    From this org
    $150,093
    From related orgs
    $0
    Other
    $14,773
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,093
    Bonus
    $10,000
    Other
    not reported
    Deferred
    $5,660
    Nontaxable benefits
    $9,113
    Filer's total
    $164,866
  • Brittany McKelvey

    Dir.-Reg Affairs

    Total calculated
    $138,570
    From this org
    $132,947
    From related orgs
    $0
    Other
    $5,623
    Hours/week
    40
  • Pennie Abramson PhD

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • Carolyn Aldige

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • Anna D Barker PhD

    Exec. Committee

    Total calculated
    $0
    Hours/week
    0.5
  • Edward Sanghyun Kim MD MBA

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • Roy Herbst MD PhD

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • Ellen Sigal PhD

    Chair & Founder

    Total calculated
    $0
    Hours/week
    0.5
  • Marlene Malek RN

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.5
  • Sudip Parikh PhD

    Exec. Committee

    Total calculated
    $0
    Hours/week
    0.5
  • Margaret Foti PhD MD

    Exec. Committee

    Total calculated
    $0
    Hours/week
    0.5
  • David Mitchell

    Exec. Committee

    Total calculated
    $0
    Hours/week
    0.5
  • Richard Schilsky MD

    Exec. Committee

    Total calculated
    $0
    Hours/week
    0.5
  • Elizabeth Thompson

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • Edward J Benz Jr MD

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • Margaret Anderson

    Director

    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. 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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
3 October 2024
IRS schema version
2023v5.1
Source object
202422779349300137

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