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Nonprofiteer
← PANCREATIC CANCER ACTION NETWORK INC

Form 990 for tax year 2023

Filed by PANCREATIC CANCER ACTION NETWORK INC.

Totals

Total revenue
$47,081,538
Total expenses
$60,542,930
Contributions and grants received
$39,686,375
Grants paid
$125,000
Program service revenue
$8,510,939
Investment income
$2,184,295
Other revenue
-$3,300,071
Total assets, end of year
$56,273,833
Total liabilities, end of year
$21,060,860
Net assets or fund balances, end of year
$35,212,973
Program services expenses (Part IX)
$41,094,193
Management and general expenses
$12,768,940
Fundraising expenses
$6,679,797
Program service expenses (Part III)
$41,094,193

Program services were 67.9% 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

    $16,758,660

  • 1f · All other contributions, gifts and grants

    $22,927,715

  • 1g · Noncash contributions included above

    $427,338

  • 2a · Program service revenue: CLINICAL RESEARCH CONTRACTS

    total $8,510,939 · related or exempt $8,510,939

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,040,995 · excluded $1,040,995

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $30,065,485

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

    securities $28,922,185

  • 7c · Gain or loss

    securities $1,143,300 · other assets $0

  • 7d · Net gain or loss

    total $1,143,300 · excluded $1,143,300

  • 8a · Fundraising events: gross income

    $0

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

    $16,758,660

  • 8b · Fundraising events: direct expenses

    $3,320,870

  • 8c · Net income from fundraising events

    total -$3,320,870 · excluded -$3,320,870

  • 10a · Gross sales of inventory

    $45,599

  • 10b · Cost of goods sold

    $27,580

  • 10c · Net income from sales of inventory

    total $18,019 · excluded $18,019

  • 11a · Other revenue: Other

    total $2,780 · excluded $2,780

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $2,780

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $125,000 · program services $125,000

  • 5 · Compensation of officers, directors and key employees

    total $2,595,865 · program services $1,471,138 · management and general $678,600 · fundraising $446,127

  • 7 · Other salaries and wages

    total $20,749,200 · program services $11,737,370 · management and general $5,458,138 · fundraising $3,553,692

  • 8 · Pension plan contributions

    total $852,876 · program services $488,100 · management and general $215,509 · fundraising $149,267

  • 9 · Other employee benefits

    total $1,894,360 · program services $1,084,141 · management and general $478,675 · fundraising $331,544

  • 10 · Payroll taxes

    total $1,533,712 · program services $877,742 · management and general $387,545 · fundraising $268,425

  • 11b · Fees: legal

    total $522,485 · management and general $522,485

  • 11c · Fees: accounting

    total $139,815 · management and general $139,815

  • 11d · Fees: lobbying

    total $211,478 · program services $211,478

  • 11e · Fees: professional fundraising services

    total $1,167,832 · fundraising $1,167,832

  • 11f · Fees: investment management

    total $176,309 · management and general $176,309

  • 11g · Fees: other

    total $23,661,929 · program services $21,578,585 · management and general $2,069,408 · fundraising $13,936

  • 12 · Advertising and promotion

    total $1,292,424 · program services $1,159,432 · management and general $86,051 · fundraising $46,941

  • 13 · Office expenses

    total $340,569 · program services $230,102 · management and general $63,093 · fundraising $47,374

  • 14 · Information technology

    total $1,904,645 · program services $520,924 · management and general $1,117,747 · fundraising $265,974

  • 16 · Occupancy

    total $660,250 · program services $394,266 · management and general $159,959 · fundraising $106,025

  • 17 · Travel

    total $387,405 · program services $276,363 · management and general $80,441 · fundraising $30,601

  • 19 · Conferences, conventions and meetings

    total $558,309 · program services $398,281 · management and general $115,929 · fundraising $44,099

  • 22 · Depreciation, depletion and amortization

    total $190,149 · program services $133,376 · management and general $33,051 · fundraising $23,722

  • 23 · Insurance

    total $444,012 · program services $245,853 · management and general $198,159

  • 24a · Other expenses: FINANCE & PROCESSING CHARGES

    total $780,374 · management and general $780,374

  • 24b · Other expenses: DONOR AND AFFILIATE ENGAGEMENT

    total $353,932 · program services $162,042 · management and general $7,652 · fundraising $184,238

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,515,743 · end of year $7,462,455

  • 2 · Savings and temporary cash investments

    beginning of year $2,333,795 · end of year $318,568

  • 3 · Pledges and grants receivable

    beginning of year $22,972,929 · end of year $14,002,396

  • 4 · Accounts receivable

    beginning of year $9,244,571 · end of year $221,168

  • 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

  • 8 · Inventories for sale or use

    beginning of year $30,293 · end of year $21,439

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,594,841 · end of year $2,451,294

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

    $6,051,063

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

    $5,401,548

  • 10c · Land, buildings and equipment, net

    beginning of year $333,295 · end of year $649,515

  • 11 · Investments: publicly traded securities

    beginning of year $33,467,132 · end of year $30,128,192

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $3,107,773 · end of year $1,018,806

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,184,544 · end of year $11,002,996

  • 18 · Grants payable

    beginning of year $13,015,778 · end of year $7,586,327

  • 19 · Deferred revenue

    beginning of year $1,074,901 · end of year $1,144,084

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,504,713 · end of year $1,327,453

  • 27 · Net assets without donor restrictions

    beginning of year $24,894,185 · end of year $16,281,408

  • 28 · Net assets with donor restrictions

    beginning of year $23,926,251 · end of year $18,931,565

Mission and programs · 2023

Mission

OUR MISSION IS TO TAKE BOLD ACTION TO IMPROVE THE LIVES OF EVERYONE IMPACTED BY PANCREATIC CANCER BY ADVANCING SCIENTIFIC RESEARCH, BUILDING COMMUNITY, SHARING KNOWLEDGE, AND ADVOCATING FOR PATIENTS.

Activities or mission (Part I)

TO ADVANCE RESEARCH, SUPPORT PATIENTS, AND CREATE HOPE FOR PEOPLE WHO HAVE PANCREATIC CANCER.

  • RESEARCH & SCIENTIFIC AFFAIRS - PANCAN FUNDS GROUNDBREAKING RESEARCH INITIATIVES THAT WILL TRANSFORM THE WAY PANCREATIC CANCER IS DETECTED AND TREATED. WE FUND RESEARCH GRANTS TO INDIVIDUAL INVESTIGATORS AND LARGE-SCALE, MULTI-INSTITUTIONAL CLINICAL PROJECTS THAT ARE FOCUSED ON ADVANCING NEW TREATMENTS AND EARLY DETECTION FOR PANCREATIC CANCER. WE INVESTED A RECORD $27.3 MILLION IN RESEARCH & SCIENTIFIC AFFAIRS IN FISCAL YEAR 2024.OUR RESEARCH FUNDING SUPPORTED IMPORTANT RESEARCH PROJECTS AT INSTITUTIONS ACROSS THE COUNTRY, AND PANCAN'S PRECISION PROMISE ADAPTIVE CLINICAL TRIAL, EARLY DETECTION INITIATIVE, KNOW YOUR TUMOR PRECISION MEDICINE SERVICE, AND PATIENT REGISTRY. SINCE 2003 PANCAN HAS AWARDED 237 RESEARCH GRANTS TO 217 SCIENTISTS AT 78 INSTITUTIONS. PANCAN'S CUMULATIVE RESEARCH INVESTMENT IS NOW MORE THAN $235 MILLION, MAKING A SIGNIFICANT IMPACT ON THE DIAGNOSIS, TREATMENT AND CARE OF TODAY'S PATIENTS AND THOSE WHO WILL BE DIAGNOSED IN THE FUTURE.

    Expenses $27,231,139 · Grants $125,000 · Revenue $8,510,939

  • COMMUNITY ENGAGEMENT - NEARLY 60 VOLUNTEER-LED AFFILIATES WITH MORE THAN 3,220 VOLUNTEERS RAISE AWARENESS OF PANCAN AND THE DISEASE AND EDUCATE THEIR COMMUNITIES ABOUT PANCREATIC CANCER. VOLUNTEERS HOSTED NEARLY 60 PURPLESTRIDE EVENTS ACROSS THE COUNTRY THIS YEAR, WITH 62,525 PARTICIPANTS REGISTERED SUPPORTING SURVIVORS, FAMILIES AND FRIENDS, AS WELL AS PROVIDING EDUCATIONAL INFORMATION AT THE EVENTS. PURPLESTRIDE PARTICIPANTS RAISED MORE THAN $16 MILLION IN FISCAL YEAR 2024. WE ARE ALSO A FOUNDING MEMBER OF THE WORLD PANCREATIC CANCER COALITION, COMPOSED OF MORE THAN 100 PANCREATIC CANCER PATIENT ADVOCACY GROUPS FROM MORE THAN 30 COUNTRIES AND SIX CONTINENTS. THE COALITION HAS AN ONGOING COMMITMENT TO CONTINUING EDUCATION FOR ITS MEMBERS AND HOSTS WORLD PANCREATIC CANCER DAY EVERY NOVEMBER TO RAISE GLOBAL AWARENESS OF THE DISEASE.

    Expenses $7,937,565

  • PATIENT SERVICES - PROVIDES FREE, PERSONALIZED INFORMATION AND RESOURCES ABOUT PANCREATIC CANCER, TREATMENT OPTIONS, CLINICAL TRIALS, DIET AND NUTRITION, SPECIALISTS AND SUPPORT RESOURCES TO HELP PATIENTS, CAREGIVERS AND HEALTHCARE PROVIDERS. WE HAVE THE LARGEST, MOST UP-TO-DATE CLINICAL TRIALS DATABASE IN THE COUNTRY AND PROVIDE CONSTITUTENTS WITH PERSONALIZED SEARCHES SO THAT THEY UNDERSTAND ALL OF THEIR TREATMENT OPTIONS. OUR EXPERT PATIENT SERVICES CASE MANAGERS SHARE MORE RESOURCES AND SPEAK WITH MORE PANCREATIC CANCER PATIENTS THAN ANY OTHER ORGANIZATION IN THE WORLD. LAST YEAR ALONE, WE HAD NEARLY 70,000 INTERACTIONS WITH PATIENTS WITH PANCREATIC CANCER, THEIR FAMILIES, CAREGIVERS AND HEALTHCARE PROFFESSIONALS.

    Expenses $4,788,744

  • GOVERNMENT AFFAIRS AND ADVOCACY - WE DRIVE LEGISLATIVE SUPPORT FOR INCREASED FEDERAL RESEARCH FUNDING FOR PANCREATIC CANCER. OUR GRASSROOTS ADVOCACY EFFORTS LED TO THE PASSAGE OF THE RECALCITRANT CANCER RESEARCH ACT, INCREASED RESEARCH DOLLARS FOR PANCREATIC CANCER AT THE NATIONAL CANCER INSTITUTE, AND LED TO A NEW PANCREATIC CANCER RESEARCH PROGRAM AT THE DEPARTMENT OF DEFENSE. SINCE OUR FOUNDING, FEDERAL RESEARCH FUNDING FOR PANCREATIC CANCER HAS INCREASED BY 1075 PERCENT AND CONTINUES TO INCREASE EACH YEAR DUE TO OUR EFFORTS.

    Expenses $1,136,745

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

Listed in Part VII

  • Julie Fleshman

    PRESIDENT & CEO/DIRECTOR

    Total calculated
    $779,506
    From this org
    $688,005
    From related orgs
    $0
    Other
    $91,501
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $567,485
    Bonus
    $98,020
    Other
    $22,500
    Deferred
    $35,700
    Nontaxable benefits
    $55,801
    Filer's total
    $779,506

  • Karen Young CPA

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Michael AG Korengold

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Barbara J Kenner PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Craig A Rogerson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dennis Cronin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Eric Park

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Jason Kuhn

    BOARD MEMBER (through 11/23)

    Total calculated
    $0
    Hours/week
    2

  • Jay Backstrom

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Karyn A Temple

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Linda Amuso

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lisa Kulok

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mace Rothenberg MD

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Nancy Stagliano PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Peter Cashion

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Rich Hume

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Rod Williams MBA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Anat Kendal

    CHIEF FINANCIAL & Business Operations Officer

    Total calculated
    $427,251
    From this org
    $347,118
    From related orgs
    $0
    Other
    $80,133
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $305,861
    Bonus
    $28,600
    Other
    $12,657
    Deferred
    $13,200
    Nontaxable benefits
    $66,933
    Filer's total
    $427,251

  • Edwina Mossett

    CHIEF PEOPLE OFFICER

    Total calculated
    $382,272
    From this org
    $334,103
    From related orgs
    $0
    Other
    $48,169
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $302,393
    Bonus
    $28,600
    Other
    $3,110
    Deferred
    $13,200
    Nontaxable benefits
    $34,969
    Filer's total
    $382,272

  • Lynn Matrisian

    CHIEF SCIENCE OFFICER

    Total calculated
    $432,386
    From this org
    $355,887
    From related orgs
    $0
    Other
    $76,499
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $304,787
    Bonus
    $28,600
    Other
    $22,500
    Deferred
    $9,327
    Nontaxable benefits
    $67,172
    Filer's total
    $432,386

  • Sudheer Doss

    CHIEF BUSINESS OFFICER

    Total calculated
    $442,118
    From this org
    $386,656
    From related orgs
    $0
    Other
    $55,462
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $358,056
    Bonus
    $28,600
    Other
    $0
    Deferred
    $13,200
    Nontaxable benefits
    $42,262
    Filer's total
    $442,118

  • Carrie Howland

    VP of Clinical Operations (through 1/24)

    Total calculated
    $346,324
    From this org
    $280,307
    From related orgs
    $0
    Other
    $66,017
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $258,516
    Bonus
    $21,791
    Other
    $0
    Deferred
    $11,012
    Nontaxable benefits
    $55,005
    Filer's total
    $346,324

  • Jay Kaminiski

    Senior VP & GM, Precision Promise (through 1/24)

    Total calculated
    $445,292
    From this org
    $404,533
    From related orgs
    $0
    Other
    $40,759
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $375,933
    Bonus
    $28,600
    Other
    $0
    Deferred
    $5,333
    Nontaxable benefits
    $35,426
    Filer's total
    $445,292

  • Jodi Lipe

    CHIEF MARKETING AND COMMUNICATION (through 6/24)

    Total calculated
    $379,119
    From this org
    $325,181
    From related orgs
    $0
    Other
    $53,938
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $296,581
    Bonus
    $28,600
    Other
    $0
    Deferred
    $13,200
    Nontaxable benefits
    $40,738
    Filer's total
    $379,119

  • Lisa Gray

    SENIOR VICE PRESIDENT, DEVELOPMENT ( through 6/24)

    Total calculated
    $355,635
    From this org
    $297,700
    From related orgs
    $0
    Other
    $57,935
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $276,900
    Bonus
    $20,800
    Other
    $0
    Deferred
    $10,822
    Nontaxable benefits
    $47,113
    Filer's total
    $355,635

  • Sarah Dow

    VP of National Leadership Giving

    Total calculated
    $320,607
    From this org
    $270,069
    From related orgs
    $0
    Other
    $50,538
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $257,702
    Bonus
    $12,367
    Other
    $0
    Deferred
    $10,556
    Nontaxable benefits
    $39,982
    Filer's total
    $320,607

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4c · Equity-based compensation arrangement
  • 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 4b Supplemental nonqualified retirement plan
THE FOLLOWING INDIVIDUAL PARTICIPATES IN A NON-QUALIFIED TAXABLE RETIREMENT PLAN OF THE ORGANIZATION. THE AMOUNT SHOWN REPRESENTS THE ORGANIZATION'S EMPLOYER CONTRIBUTION TO THE PLAN FOR THE YEAR ENDED JUNE 30, 2024: JULIE FLESHMAN $22,500
Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization
THE PERFORMANCE INCENTIVE PLAN REWARDS OUR VALUED TEAM MEMBERS IF CERTAIN REVENUE GOALS ARE REACHED.

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

Provenance

Return type
form_990
Tax year
2023
Filed
30 October 2024
IRS schema version
2023v5.1
Source object
202443049349300124

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