Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $65,402

• 1c · Fundraising events

  $16,914,402

• 1d · Related organizations

  $9,096

• 1f · All other contributions, gifts and grants

  $77,774,987

• 1g · Noncash contributions included above

  $4,911,922

• 3 · Investment income

  total $6,359,463 · excluded $6,359,463

• 5 · Royalties

  total $69,634 · excluded $69,634

• 7a · Gross sales of assets other than inventory

  securities $30,146,167

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

  securities $29,028,104

• 7c · Gain or loss

  securities $1,118,063

• 7d · Net gain or loss

  total $1,118,063 · excluded $1,118,063

• 8a · Fundraising events: gross income

  $3,191,089

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

  $16,914,402

• 8b · Fundraising events: direct expenses

  $3,191,089

• 8c · Net income from fundraising events

  total $0

• 11a · Other revenue: FOREIGN CURRENCY TRANSLATION GAIN

  total $10,677 · excluded $10,677

• 11e · Other revenue, total

  $10,677

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $61,108,218 · program services $61,108,218

• 3 · Grants to foreign organizations and individuals

  total $10,839,635 · program services $10,839,635

• 5 · Compensation of officers, directors and key employees

  total $2,647,518 · program services $1,127,390 · management and general $524,924 · fundraising $995,204

• 7 · Other salaries and wages

  total $6,933,486 · program services $2,722,383 · management and general $2,656,750 · fundraising $1,554,353

• 8 · Pension plan contributions

  total $509,704 · program services $201,125 · management and general $178,164 · fundraising $130,415

• 9 · Other employee benefits

  total $1,009,106 · program services $428,596 · management and general $341,506 · fundraising $239,004

• 10 · Payroll taxes

  total $692,843 · program services $277,379 · management and general $227,616 · fundraising $187,848

• 11a · Fees: management

  total $4,471,515 · program services $856,355 · management and general $770,270 · fundraising $2,844,890

• 11b · Fees: legal

  total $12,009 · management and general $12,009

• 11c · Fees: accounting

  total $81,050 · management and general $81,050

• 11e · Fees: professional fundraising services

  total $484,700 · fundraising $484,700

• 11f · Fees: investment management

  total $128,475 · management and general $128,475

• 11g · Fees: other

  total $1,913 · fundraising $1,913

• 12 · Advertising and promotion

  total $422,388 · program services $92,028 · fundraising $330,360

• 13 · Office expenses

  total $1,726,514 · program services $751,934 · management and general $171,289 · fundraising $803,291

• 14 · Information technology

  total $219,689 · program services $19,849 · management and general $172,276 · fundraising $27,564

• 16 · Occupancy

  total $756,213 · program services $290,257 · management and general $222,034 · fundraising $243,922

• 17 · Travel

  total $149,815 · program services $70,293 · management and general $29,470 · fundraising $50,052

• 19 · Conferences, conventions and meetings

  total $356,212 · program services $356,212

• 22 · Depreciation, depletion and amortization

  total $128,937 · program services $49,486 · management and general $37,864 · fundraising $41,587

• 23 · Insurance

  total $64,666 · program services $295 · management and general $63,702 · fundraising $669

• 24a · Other expenses: EVENT PRODUCTION

  total $738,052 · fundraising $738,052

• 24b · Other expenses: EVENT PRINTING, POSTAGE

  total $519,058 · fundraising $519,058

• 24c · Other expenses: BANK CHARGES

  total $516,001 · management and general $516,001

• 24d · Other expenses: P.I.N.K EVENT PROD.

  total $327,707 · management and general $9,988 · fundraising $317,719

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,561,316 · end of year $1,023,564

• 2 · Savings and temporary cash investments

  beginning of year $71,040,402 · end of year $90,223,959

• 3 · Pledges and grants receivable

  beginning of year $33,777,545 · end of year $21,302,221

• 4 · Accounts receivable

  beginning of year $2,099,005 · end of year $562,235

• 9 · Prepaid expenses and deferred charges

  beginning of year $157,850 · end of year $444,126

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

  $1,190,794

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

  $793,374

• 10c · Land, buildings and equipment, net

  beginning of year $441,932 · end of year $397,420

• 11 · Investments: publicly traded securities

  beginning of year $87,190,582 · end of year $103,393,873

• 13 · Investments: program-related

  end of year $999,991

• 15 · Other assets

  beginning of year $2,800,295 · end of year $2,128,580

• 17 · Accounts payable and accrued expenses

  beginning of year $684,378 · end of year $2,106,148

• 18 · Grants payable

  beginning of year $72,473,772 · end of year $80,927,701

• 25 · Other liabilities

  beginning of year $2,946,720 · end of year $2,213,263

• 27 · Net assets without donor restrictions

  beginning of year $75,384,758 · end of year $99,681,383

• 28 · Net assets with donor restrictions

  beginning of year $47,579,299 · end of year $35,547,474

The filer's explanations (Part III)

PART I, LINE 7

THE BONUS TO THE PRESIDENT OF THE FOUNDATION WAS AWARDED ON A DISCRETIONARY BASIS UPON THE APPROVAL OF THE EXECUTIVE COMMITTEE.

PART II - COMPENSATION TO FORMER PRESIDENT

IN RECOGNITION OF THE FOUNDATION'S FORMER PRESIDENT'S LONG TENURE AND PLANNED RETIREMENT, THE FOUNDATION ENTERED INTO A SEPARATE AGREEMENT TO PROVIDE HER WITH POST-EMPLOYMENT COMPENSATION, SUBSTANTIALLY IN ACCORDANCE WITH HER EMPLOYMENT AGREEMENT. THE FOUNDATION'S OBLIGATION UNDER THIS SEPARATE AGREEMENT WAS PAID IN 2024 AND, ACCORDINGLY, REFLECTED IN FORM 990, PART VII.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• BCRF VENTURES LLC

  HOLDING COMPANY · DE · income $1,000,000 · assets $1,092,008

  Directly controlled by BREAST CANCER RESEARCH FOUNDATION INC