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← CANARY FUND

Form 990 for tax year 2022

Filed by CANARY FUND.

Totals

Total revenue
$2,494,481
Total expenses
$1,374,478
Contributions and grants received
$2,494,411
Grants paid
$1,009,000
Program service revenue
$0
Investment income
$70
Other revenue
$0
Total assets, end of year
$1,170,913
Total liabilities, end of year
$45,411
Net assets or fund balances, end of year
$1,125,502
Program services expenses (Part IX)
$1,222,303
Management and general expenses
$56,042
Fundraising expenses
$96,133
Program service expenses (Part III)
$1,222,303

Program services were 88.9% 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.

  • 1f · All other contributions, gifts and grants

    $2,494,411

  • 3 · Investment income

    total $70 · excluded $70

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

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 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 $976,000 · program services $976,000

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $33,000 · program services $33,000

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $131,319 · program services $100,072 · management and general $3,677 · fundraising $27,570

  • 8 · Pension plan contributions

    total $22,298 · program services $16,992 · management and general $624 · fundraising $4,682

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $82,420 · program services $62,808 · management and general $2,307 · fundraising $17,305

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $33,876 · management and general $33,876

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $30,110 · fundraising $30,110

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $2,421 · program services $279 · management and general $2,142

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $29,466 · program services $28,843 · management and general $623

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $5,571 · program services $4,309 · management and general $1,262

  • 23 · Insurance

    total $4,368 · management and general $4,368

  • 24a · Other expenses: Event & Fundraising Activities

    total $16,466 · fundraising $16,466

  • 24b · Other expenses: Website, internet, relations

    total $3,923 · management and general $3,923

  • 24c · Other expenses: Bank and credit card charges

    total $2,115 · management and general $2,115

  • 24d · Other expenses: Dues and subscriptions

    total $1,125 · management and general $1,125

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $199,339 · end of year $445,581

  • 2 · Savings and temporary cash investments

    beginning of year $73,271 · end of year $30,282

  • 3 · Pledges and grants receivable

    beginning of year $350,000 · end of year $333,334

  • 4 · Accounts receivable

    end of year $0

  • 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 $6,480 · end of year $13,165

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

    $50,382

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

    $22,344

  • 10c · Land, buildings and equipment, net

    beginning of year $3,674 · end of year $28,038

  • 11 · Investments: publicly traded securities

    end of year $0

  • 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

    end of year $320,513

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,217 · end of year $45,411

  • 18 · Grants payable

    beginning of year $579,228

  • 27 · Net assets without donor restrictions

    beginning of year -$231,681 · end of year $471,655

  • 28 · Net assets with donor restrictions

    beginning of year $250,000 · end of year $653,847

Mission and programs · 2022

Mission

Canary Foundation is a public charity exempt from U.S. federal income tax under Section 501(c)(3) of the Internal Revenue Code in the United States. Canary Foundation of Canada is a Public Foundation registered with the Canada Revenue Agency; Business Number 82906 8550 RROOO1.The Canary Foundation has assembled teams of cancer researchers recognized by their peers as leaders in their disciplines from across multiple institutions and disciplines to attack the problem of early detection in a new, collaborative, action-oriented manner with the foremost objective of translating research into clinical applications. Canary differentiators include: * Dedication to early detection * Leaders in collaborative science * Focused and managed research * Best-in-class talent * 100% of donations goes to researchOne of the first decisions the Science Team made was to choose ovarian cancer as a prototype for creating an early detection blood test to detect trace amounts of proteins called biomarkers pro

Activities or mission (Part I)

Canary Foundation is the world's first non-profit organization dedicated solely to the funding, discovery and development of tests for early cancer detection.

  • The goal of the Canary Scientific Programs is to develop blood tests and imaging tests that can together be used to detect lethal cancers at a curable stage. Our plan for early and accurate cancer detection involves first screening patients with a blood test and then moving those patients who tested positive to a high-resolution imaging test to further isolate cancer so that it can be removed. Canary Foundation is focused on five cancer types, each of which presents a significant opportunity to save lives and prevent unnecessary treatments through early detection of otherwise lethal disease: cancer of the ovary, pancreas, lung, breast and prostate. Chances of survival are highest when cancer is detected before it spreads. Thus, accurate detection of cancer that would otherwise be lethal at its earliest stage promises to dramatically improve survival after diagnosis. Canary supports early detection

    Expenses $1,222,303 · Grants $1,009,000

  • research programs in each of these cancer areas as well as a Collaborations Program with collaborating early detection programs and centers that include the Canary Center at Stanford for Cancer Early Detection.Canary Ovarian Cancer Program: The goal of our ovarian research program is to develop a strategy to accurately identify ovarian cancers that would otherwise be lethal at a stage when they are readily curable. Our vision is of a two-stage screening strategy, consisting of a simple blood test followed by a molecular imaging test. Development of blood and imaging tests follows a similar roadmap; both include biomarker discovery followed by validation, but they also involve different techniques and challenges.

  • Canary Lung Cancer Program:Canary is focused on developing diagnostics with high sensitivity and specificity to detect otherwise lethal lung cancers at a stage when they are readily curable. To this end, Canary has assembled a team of experts who are collaborating to discover and validate biomarkers for blood and imaging tests that together will identify individuals harboring lethal lung cancers so that they can be removed.The Canary Lung Cancer Program has supported the development and maintenance of critical biospecimen resources, blood biomarker discovery and validation, molecular imaging projects for early detection of lethal lung cancer, and epidemiology and modeling for effective lung cancer screening. (Continued on Schedule O)

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

Listed in Part VII

  • Heidi Auman

    Program Manager

    Total calculated
    $188,500
    From this org
    $168,000
    From related orgs
    $0
    Other
    $20,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $20,500
    Nontaxable benefits
    not reported
    Filer's total
    $188,500

  • Don Listwin

    Founder & CEO

    Total calculated
    $0
    Hours/week
    8

  • Kevin Kennedy

    Treasurer

    Total calculated
    $0
    Hours/week
    4

  • Michael Ball

    Director

    Total calculated
    $0
    Hours/week
    4

  • Dale Jantzen

    Director

    Total calculated
    $0
    Hours/week
    4

  • Hilary Valentine

    Director

    Total calculated
    $0
    Hours/week
    4

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 · Form 990 of other organizations
  • 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.

Provenance

Return type
form_990
Tax year
2022
Filed
12 July 2023
IRS schema version
2022v5.0
Source object
202321939349301912

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

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