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Nonprofiteer
← THE MARK FOUNDATION FOR CANCER RESEARCH US LTD

Form 990 for tax year 2022

Filed by THE MARK FOUNDATION FOR CANCER RESEARCH US LTD.

Totals

Total revenue
$55,345,494
Total expenses
$38,014,606
Contributions and grants received
$55,001,677
Grants paid
$33,385,418
Program service revenue
$0
Investment income
$363,707
Other revenue
-$19,890
Total assets, end of year
$110,652,350
Total liabilities, end of year
$28,107,967
Net assets or fund balances, end of year
$82,544,383
Program services expenses (Part IX)
$36,129,362
Management and general expenses
$1,755,145
Fundraising expenses
$130,099
Program service expenses (Part III)
$36,129,362

Program services were 95.0% 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.

  • 1f · All other contributions, gifts and grants

    $55,001,677

  • 3 · Investment income

    total $363,707 · excluded $363,707

  • 11a · Other revenue: FOREIGN EXCHANGE LOSS

    total -$19,890 · excluded -$19,890

  • 11e · Other revenue, total

    -$19,890

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $22,071,858 · program services $22,071,858

  • 3 · Grants to foreign organizations and individuals

    total $11,313,560 · program services $11,313,560

  • 5 · Compensation of officers, directors and key employees

    total $1,716,657 · program services $1,037,723 · management and general $618,165 · fundraising $60,769

  • 7 · Other salaries and wages

    total $937,685 · program services $555,021 · management and general $346,443 · fundraising $36,221

  • 8 · Pension plan contributions

    total $25,496 · program services $19,795 · management and general $4,643 · fundraising $1,058

  • 9 · Other employee benefits

    total $154,841 · program services $100,230 · management and general $45,595 · fundraising $9,016

  • 10 · Payroll taxes

    total $107,666 · program services $83,972 · management and general $19,965 · fundraising $3,729

  • 11b · Fees: legal

    total $137,861 · management and general $137,861

  • 11c · Fees: accounting

    total $164,331 · management and general $164,331

  • 11g · Fees: other

    total $201,142 · program services $43,532 · management and general $157,610

  • 13 · Office expenses

    total $14,267 · program services $3,690 · management and general $10,577

  • 14 · Information technology

    total $90,712 · program services $30,294 · management and general $60,418

  • 16 · Occupancy

    total $376,204 · program services $279,224 · management and general $86,299 · fundraising $10,681

  • 17 · Travel

    total $108,372 · program services $95,532 · management and general $7,960 · fundraising $4,880

  • 19 · Conferences, conventions and meetings

    total $302,365 · program services $300,943 · management and general $1,422

  • 22 · Depreciation, depletion and amortization

    total $50,029 · program services $36,623 · management and general $12,005 · fundraising $1,401

  • 23 · Insurance

    total $24,832 · management and general $24,832

  • 24a · Other expenses: HONORARIA

    total $147,300 · program services $146,800 · management and general $500

  • 24b · Other expenses: RECRUITING FEES

    total $32,370 · management and general $32,370

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $17,421 · program services $10,565 · management and general $4,512 · fundraising $2,344

  • 24d · Other expenses: PAYROLL PROCESSING FEES

    total $17,336 · management and general $17,336

  • 24e · All other expenses

    total $2,301 · management and general $2,301

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,001,528 · end of year $1,638,919

  • 2 · Savings and temporary cash investments

    beginning of year $21,341,101 · end of year $27,815,316

  • 3 · Pledges and grants receivable

    beginning of year $61,000,000 · end of year $60,000,000

  • 7 · Other notes and loans receivable

    beginning of year $2,618,485 · end of year $2,598,595

  • 9 · Prepaid expenses and deferred charges

    beginning of year $165,938 · end of year $465,309

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

    $282,948

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

    $170,422

  • 10c · Land, buildings and equipment, net

    beginning of year $110,149 · end of year $112,526

  • 12 · Investments: other securities

    beginning of year $19,100,083 · end of year $16,289,988

  • 15 · Other assets

    beginning of year $214,473 · end of year $1,731,697

  • 17 · Accounts payable and accrued expenses

    beginning of year $895,056 · end of year $520,030

  • 18 · Grants payable

    beginning of year $37,095,453 · end of year $25,951,419

  • 25 · Other liabilities

    beginning of year $91,579 · end of year $1,636,518

  • 27 · Net assets without donor restrictions

    beginning of year $68,469,669 · end of year $81,544,383

  • 28 · Net assets with donor restrictions

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

Mission and programs · 2022

Mission

THE FOUNDATION ACTIVELY PARTNERS WITH SCIENTISTS TO ACCELERATE RESEARCH THAT WILL TRANSFORM THE PREVENTION, DIAGNOSIS, AND TREATMENT OF CANCER THROUGH A NIMBLE, HIGH-IMPACT FUNDING APPROACH & BASIC AND TRANSLATIONAL CANCER RESEARCH THROUGH GRANTS AND VENTURE INVESTMENTS.

Activities or mission (Part I)

ADVANCING BASIC BREAKTHROUGH CANCER RESEARCH, DETECTION, PREVENTION AND CURES FOR CANCER.

  • THE FOUNDATION'S GRANTS REWARD INNOVATIVE THINKING THAT ADVANCES THE UNDERSTANDING OF CANCER BIOLOGY AND IMPROVES ONCOLOGY TREATMENT PARADIGMS. THE FOUNDATION SUPPORTS INDIVIDUAL INVESTIGATORS, AS WELL AS MULTIDISCIPLINARY COLLABORATIVE TEAMS CONDUCTING RESEARCH ACROSS CANCER TYPES. THE GRANTEES BECOME PART OF THE FOUNDATION'S NETWORK OF THE BEST SCIENTIFIC MINDS IN CANCER RESEARCH AND TECHNOLOGICAL INNOVATION. GRANT SUBMISSIONS UNDERGO RIGOROUS PEER REVIEW BY THE FOUNDATION'S SCIENTIFIC ADVISORY COMMITTEE OR RECOMMENDED SUBJECT MATTER EXPERTS AND ARE HELD TO THE STRICTEST STANDARDS OF SCIENTIFIC EXCELLENCE.

    Expenses $36,129,362 · Grants $33,385,418

As filed on the 2022 return.

Listed in Part VII

  • STUART THOMSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROSS LEVINE

    DIRECTOR

    Total calculated
    $10,000
    From this org
    $10,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • WILLIAM ALLEN SHAPARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN O' FLAHERTY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAUL POSPISIL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RAYMOND DUBOIS

    EXECUTIVE CHAIRMAN OF THE BOARD

    Total calculated
    $513,333
    From this org
    $513,333
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $513,333
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $513,333

  • RYAN SCHOENFELD

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $528,281
    From this org
    $464,180
    From related orgs
    $0
    Other
    $64,101
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $331,680
    Bonus
    $132,500
    Other
    $0
    Deferred
    $10,675
    Nontaxable benefits
    $53,426
    Filer's total
    $528,281

  • S PATRICK LEWIS

    HEAD OF FINANCE AND OPERATIONS

    Total calculated
    $395,741
    From this org
    $283,875
    From related orgs
    $0
    Other
    $111,866
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,375
    Bonus
    $72,500
    Other
    $0
    Deferred
    $61,962
    Nontaxable benefits
    $49,904
    Filer's total
    $395,741

  • ANNA TURETSKY

    PRINCIPAL, VENTURE INVESTMENTS

    Total calculated
    $333,376
    From this org
    $279,950
    From related orgs
    $0
    Other
    $53,426
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,950
    Bonus
    $55,000
    Other
    $0
    Deferred
    $7,552
    Nontaxable benefits
    $45,874
    Filer's total
    $333,376

  • REBECCA BISH-CORNELISSEN

    HEAD OF PRE-CLINICAL RESEARCH

    Total calculated
    $328,359
    From this org
    $293,452
    From related orgs
    $0
    Other
    $34,907
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,617
    Bonus
    $65,835
    Other
    $0
    Deferred
    $6,044
    Nontaxable benefits
    $28,863
    Filer's total
    $328,359

  • REBECCA LIU

    DIRECTOR OF GRANTS ADMINISTRATION

    Total calculated
    $216,567
    From this org
    $178,022
    From related orgs
    $0
    Other
    $38,545
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,279
    Bonus
    $26,743
    Other
    $0
    Deferred
    $6,320
    Nontaxable benefits
    $32,225
    Filer's total
    $216,567

  • JANICE LIN

    PORTFOLIO MGR, RESEARCH/INVESTMENTS

    Total calculated
    $157,862
    From this org
    $136,072
    From related orgs
    $0
    Other
    $21,790
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,427
    Bonus
    $3,645
    Other
    $0
    Deferred
    $4,601
    Nontaxable benefits
    $17,189
    Filer's total
    $157,862

  • ROBERT MAGIN

    ASSOCIATE SCIENTIFIC DIRECTOR

    Total calculated
    $150,653
    From this org
    $127,472
    From related orgs
    $0
    Other
    $23,181
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,633
    Bonus
    $7,839
    Other
    $0
    Deferred
    $4,461
    Nontaxable benefits
    $18,720
    Filer's total
    $150,653

  • IRENA IVANOVSKA

    SENIOR SCIENTIFIC RESEARCH

    Total calculated
    $126,215
    From this org
    $106,711
    From related orgs
    $0
    Other
    $19,504
    Hours/week
    40

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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
STAFF BONUSES ARE AWARDED ON A DISCRETIONARY BASIS UPON THE RECOMMENDATION OF THE CHIEF EXCECUTIVE OFFICER AND APPROVAL BY THE BOARD OF DIRECTORS.

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
12 September 2023
IRS schema version
2022v5.0
Source object
202342559349301409

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.