Better Business Bureau Report for
Cancer Research Foundation

Better Business Bureau Report issued February 2012
Better Business Bureau Report expires February 2014


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Cancer Research Foundation
Address: 135 South LaSalle Street, Suite 3708
  Chicago, IL 60603
Phone: 312-630-0055
866-875-7277
Web Address: cancerresearchfdn.org
Also known as:none
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Better Business Bureau Comments

Formerly known as:none

Year, State Incorporated: 1954, Illinois
Affiliates: None
Stated Purpose: None

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Evaluation Conclusions

               

Cancer Research Foundation does not meet the following Standard for Charity Accountability.

Standard 10: Ending Net Assets - Avoid accumulating funds that could be used for current program activities. To meet this standard, the charity's unrestricted net assets available for use should not be more than three times the size of the past year's expenses or three times the size of the current year's budget, whichever is higher.

Cancer Research Foundation does not meet this Standard because:

  • According to its audited financial statements for the fiscal year ended March 31, 2011, the organization's total unrestricted net assets were $5,493,392, or 10 times the charity's total expenses of $537,733.
In addition, the BBB of Chicago & Northern Illinois requested but did not receive complete information on the organization’s governance and oversight, effectiveness measures, finances, solicitation materials, annual report, and fundraising disclosures and is unable to verify the organization's compliance with the following 10Standards for Charity Accountability: 1, 3, 4, 5, 6, 7, 14, 15, 16, and 19.
Cancer Research Foundation meets the remaining 9 Standards for Charity Accountability.
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Programs

               



For the fiscal year ended March 31, 2011, Cancer Research Foundation's program expenses were:

  
Contributions to U of C 375,000
Program Service Costs 80,442
Total Program Expenses: $455,442
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Governance

               

Chief Executive :
Compensation*:

Chair of the Board:
Chair's Profession / Business Affiliation:

Board Size: 11

Paid Staff Size:

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:


Fund raising costs were 6% of related contributions. (Related contributions, which totaled $757,244, are donations received as a result of fund raising activities.)
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Tax Status

               

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Financial

               

The following information is based on Cancer Research Foundation's audited financial statements for the fiscal year ended March 31, 2011.

Source of Funds  
Public Support Contributions 757,244
Investment Income 173,808
Trusts and Estates 31,662
Total Income $962,714


chart



Uses of Funds as a % of Total Expenses

Programs: 85%  Fund Raising: 8%  Administrative: 7% 

Total income   $962,714
  Program expenses $455,442
  Fund raising expenses 44,818
  Administrative expenses 37,473
 
Total expenses   $537,733
Income in Excess of Expenses   424,981
Beginning net assets   5,467,759
Ending net assets   6,235,319
Total liabilities   239,134
Total assets   $6,474,453


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