Skip to content
Nonprofiteer
← THE V FOUNDATION

Form 990 for tax year 2022

Filed by THE V FOUNDATION.

Totals

Total revenue
$47,813,363
Total expenses
$50,407,793
Contributions and grants received
$45,232,411
Grants paid
$41,678,096
Program service revenue
$0
Investment income
$2,348,759
Other revenue
$232,193
Total assets, end of year
$99,605,978
Total liabilities, end of year
$48,682,216
Net assets or fund balances, end of year
$50,923,762
Program services expenses (Part IX)
$42,938,821
Management and general expenses
$3,672,848
Fundraising expenses
$3,796,124
Program service expenses (Part III)
$42,938,821

Program services were 85.2% 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.

  • 1d · Related organizations

    $20,000,000

  • 1f · All other contributions, gifts and grants

    $25,232,411

  • 1g · Noncash contributions included above

    $437,079

  • 3 · Investment income

    total $2,350,929 · excluded $2,350,929

  • 5 · Royalties

    total $135,485 · excluded $135,485

  • 6a · Gross rents

    real property $96,708

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $96,708

  • 6d · Net rental income or loss

    total $96,708 · excluded $96,708

  • 7a · Gross sales of assets other than inventory

    securities $4,710,409

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

    securities $4,712,579

  • 7c · Gain or loss

    securities -$2,170

  • 7d · Net gain or loss

    total -$2,170 · excluded -$2,170

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $40,478,096 · program services $40,478,096

  • 3 · Grants to foreign organizations and individuals

    total $1,200,000 · program services $1,200,000

  • 5 · Compensation of officers, directors and key employees

    total $1,022,019 · program services $214,594 · management and general $356,462 · fundraising $450,963

  • 7 · Other salaries and wages

    total $2,729,273 · program services $578,840 · management and general $937,936 · fundraising $1,212,497

  • 8 · Pension plan contributions

    total $81,764 · program services $16,303 · management and general $30,615 · fundraising $34,846

  • 9 · Other employee benefits

    total $544,808 · program services $109,488 · management and general $201,909 · fundraising $233,411

  • 10 · Payroll taxes

    total $258,773 · program services $51,270 · management and general $88,391 · fundraising $119,112

  • 11f · Fees: investment management

    total $290,743 · management and general $290,743

  • 11g · Fees: other

    total $669,951 · program services $7,780 · management and general $295,419 · fundraising $366,752

  • 12 · Advertising and promotion

    total $1,039,733 · program services $14,454 · management and general $522,652 · fundraising $502,627

  • 13 · Office expenses

    total $494,132 · program services $1,012 · management and general $86,724 · fundraising $406,396

  • 14 · Information technology

    total $418,155 · program services $54,244 · management and general $284,221 · fundraising $79,690

  • 16 · Occupancy

    total $156,886 · program services $19,516 · management and general $103,994 · fundraising $33,376

  • 17 · Travel

    total $292,277 · program services $57,479 · management and general $77,554 · fundraising $157,244

  • 22 · Depreciation, depletion and amortization

    total $106,513 · program services $13,846 · management and general $69,500 · fundraising $23,167

  • 23 · Insurance

    total $50,999 · management and general $38,249 · fundraising $12,750

  • 24a · Other expenses: BANK SERVICE CHARGES

    total $316,771 · management and general $237,578 · fundraising $79,193

  • 24b · Other expenses: V SCHOLAR SUMMIT

    total $80,054 · program services $80,054

  • 24c · Other expenses: DONOR RECOGNITION EXPEN

    total $76,466 · program services $2,278 · management and general $18,014 · fundraising $56,174

  • 24d · Other expenses: MISCELLANEOUS

    total $57,623 · program services $15,854 · management and general $27,418 · fundraising $14,351

  • 24e · All other expenses

    total $42,757 · program services $23,713 · management and general $5,469 · fundraising $13,575

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,706,649 · end of year $992,842

  • 2 · Savings and temporary cash investments

    beginning of year $10,919,847 · end of year $29,717,446

  • 3 · Pledges and grants receivable

    beginning of year $6,870,488 · end of year $5,365,211

  • 4 · Accounts receivable

    beginning of year $470,298 · end of year $899,024

  • 9 · Prepaid expenses and deferred charges

    beginning of year $173,055 · end of year $253,475

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

    $2,392,981

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

    $757,489

  • 10c · Land, buildings and equipment, net

    beginning of year $1,669,440 · end of year $1,635,492

  • 11 · Investments: publicly traded securities

    beginning of year $55,776,973 · end of year $60,499,329

  • 14 · Intangible assets

    beginning of year $50,000 · end of year $50,000

  • 15 · Other assets

    beginning of year $85,529 · end of year $193,159

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,350,322 · end of year $765,785

  • 18 · Grants payable

    beginning of year $28,444,936 · end of year $47,772,994

  • 25 · Other liabilities

    beginning of year $8,920 · end of year $143,437

  • 27 · Net assets without donor restrictions

    beginning of year $24,721,366 · end of year $30,550,108

  • 28 · Net assets with donor restrictions

    beginning of year $25,196,735 · end of year $20,373,654

Mission and programs · 2022

Mission

WE FUND GAME-CHANGING RESEARCH AND ALL-STAR SCIENTISTS TO ACCELERATE VICTORY OVER CANCER AND SAVE LIVES.

Activities or mission (Part I)

TO PUT AN END TO CANCER.

  • IN FY 2023, THE FOUNDATION AWARDED 26 V SCHOLAR GRANTS TO IDENTIFY, RETAIN AND FURTHER THE CAREERS OF TALENTED YOUNG INVESTIGATORS, 25 GRANTS IN TRANSLATIONAL CLINICAL RESEARCH, 19 DESIGNATED GRANTS INSPIRED BY PARTICULAR AREAS OF SCIENTIFIC INTEREST AND/OR GEOGRAPHIC REACH, AND 5 ALL-STAR GRANTS TO REINVEST IN PREVIOUS V SCHOLAR OR TRANSLATIONAL GRANT RECIPIENTS. THESE GRANTS WERE AWARDS TO RESEARCHERS AT LEADING INSTITUTIONS ACROSS 23 STATES AND CANADA. THE V FOUNDATION ENSURES THAT RESOURCES REACH THE BEST AND MOST PROMISING CANCER RESEARCHERS AND PROJECTS. WE ASSURE DONORS THAT THEY ARE MAKING A SOUND INVESTMENT BECAUSE WE TAKE A STRATEGIC APPROACH TO OUR FUNDING. WE FOCUS ON EMERGING, HIGH-IMPACT OPPORTUNITIES AND ADDRESS CRITICAL KNOWLEDGE GAPS IN SCIENCE. WE REALIZE THAT, FOR SOMEONE AT RISK OF CANCER OR ALREADY BEING TREATED FOR IT, TIME IS CRITICAL. THERE IS NOT A MOMENT TO LOSE.

    Expenses $42,938,821 · Grants $41,678,096

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Bast Jr MD

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1
  • George Bodenheimer

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Evan Goldberg

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Constance E Skidmore

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Pamela Valvano Strasser

    CHAIRWOMAN

    Total calculated
    $0
    Hours/week
    1
  • Nicholas P Valvano

    PRESIDENT EMERITUS

    Total calculated
    $0
    Hours/week
    1
  • Jeff Berry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jay Bilas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steven M Bornstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Thomas E Cabaniss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Julie Chase

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nancy E Davidson MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • George W Dennis III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rita Ferro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matt Hong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael B Kastan MD PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Clark Kinlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mark King

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael W Krzyzewski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Carl C Liebert III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Fj Joe Loughrey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael C MacDonald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nancy Major MD

    DIRECTOR FROM 12/2022

    Total calculated
    $0
    Hours/week
    1
  • Julie Maples

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Geoffrey S Mason

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Marc Mentry

    DIRECTOR FROM 12/2022

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Joseph O Moore MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robert C Nakasone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • William Nelson Mdphd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Donna Orender

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • James Pitaro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kevin Plank

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Buster Posey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lawrence F Probst III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Harry E Rhoads Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Robinson

    DIRECTOR TO 8/2023

    Total calculated
    $0
    Hours/week
    1
  • Sage Steele

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stuart A Taylor II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John W Thiel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Robert Valvano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dick Vitale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dereck Whittenburg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David W Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Norby Williamson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ciara Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Russell Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Larry Woodard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Shane Jacobson

    CEO

    Total calculated
    $594,344
    From this org
    $554,966
    From related orgs
    $0
    Other
    $39,378
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $465,246
    Bonus
    $89,720
    Other
    $0
    Deferred
    $11,862
    Nontaxable benefits
    $27,516
    Filer's total
    $594,344
  • Devin Gilreath

    CFO

    Total calculated
    $232,267
    From this org
    $196,951
    From related orgs
    $0
    Other
    $35,316
    Hours/week
    28 + 12 related

    Schedule J breakdown matched by us

    Base
    $184,951
    Bonus
    $12,000
    Other
    $0
    Deferred
    $7,878
    Nontaxable benefits
    $27,438
    Filer's total
    $232,267
  • Susanna Greer

    CHIEF SCIENTIFIEC OFFICER FR 4/2022

    Total calculated
    $224,544
    From this org
    $201,031
    From related orgs
    $0
    Other
    $23,513
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,154
    Bonus
    $4,877
    Other
    $0
    Deferred
    $4,238
    Nontaxable benefits
    $19,275
    Filer's total
    $224,544
  • Jonathan Karron

    CHIEF MARKETING OFFICER TO 2/2023

    Total calculated
    $300,864
    From this org
    $277,991
    From related orgs
    $0
    Other
    $22,873
    Hours/week
    26 + 14 related

    Schedule J breakdown matched by us

    Base
    $243,079
    Bonus
    $34,912
    Other
    $0
    Deferred
    $10,380
    Nontaxable benefits
    $12,493
    Filer's total
    $300,864
  • Timothy Minor

    CDO TO 12/2022

    Total calculated
    $289,798
    From this org
    $265,596
    From related orgs
    $0
    Other
    $24,202
    Hours/week
    28 + 12 related

    Schedule J breakdown matched by us

    Base
    $253,789
    Bonus
    $11,807
    Other
    $0
    Deferred
    $5,408
    Nontaxable benefits
    $18,794
    Filer's total
    $289,798
  • Philip Pilewski

    EXECUTIVE DIRECTOR OF DEVELOPMENT

    Total calculated
    $235,690
    From this org
    $201,692
    From related orgs
    $0
    Other
    $33,998
    Hours/week
    28 + 12 related

    Schedule J breakdown matched by us

    Base
    $195,893
    Bonus
    $5,799
    Other
    $0
    Deferred
    $6,325
    Nontaxable benefits
    $27,673
    Filer's total
    $235,690
  • Rebecca Ritt

    DIRECTOR OF MAJOR GIFTS TO 6/2023

    Total calculated
    $179,347
    From this org
    $160,720
    From related orgs
    $0
    Other
    $18,627
    Hours/week
    28 + 12 related

    Schedule J breakdown matched by us

    Base
    $155,807
    Bonus
    $4,913
    Other
    $0
    Deferred
    $6,432
    Nontaxable benefits
    $12,195
    Filer's total
    $179,347
  • Carole Wegner PhD

    SR VP RESEARCH & GRANTS TO 6/2023

    Total calculated
    $170,222
    From this org
    $145,486
    From related orgs
    $0
    Other
    $24,736
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,573
    Bonus
    $5,913
    Other
    $0
    Deferred
    $5,823
    Nontaxable benefits
    $18,913
    Filer's total
    $170,222
  • Alesia Husband

    SR DIR, ACCOUNTING TO 6/2023

    Total calculated
    $161,829
    From this org
    $126,887
    From related orgs
    $0
    Other
    $34,942
    Hours/week
    28 + 12 related

    Schedule J breakdown matched by us

    Base
    $125,817
    Bonus
    $1,070
    Other
    $0
    Deferred
    $4,369
    Nontaxable benefits
    $30,573
    Filer's total
    $161,829
  • Jonathan Alhart

    EXE DIR BRAND MARKETING & STORYTELLING

    Total calculated
    $135,666
    From this org
    $110,354
    From related orgs
    $0
    Other
    $25,312
    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 · 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

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

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

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.

  • THE V FOUNDATION CANADALA FONDATION V CANADA

    RAISE SUPPORT FOR CANCER RESEARCH IN CANADA · CA

  • DON'T EVER GIVE UP INC

    501(C)3 · HOST EVENTS TO RAISE MONEY FOR THE V FOUNDATION · NC

Provenance

Return type
form_990
Tax year
2022
Filed
16 February 2024
IRS schema version
2022v5.0
Source object
202430479349300248

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.