Better Business Bureau Report for
Leukemia Research Foundation

Better Business Bureau Report issued January 2014
Better Business Bureau Report expires January 2016


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


Find out more about this charity:

Back To Top

Charity Contact Information

Name: Leukemia Research Foundation
Address: 3520 Lake Ave Suite 202
  Wilmette, IL 60091
Phone: 847-424-0600
Web Address: www.allbloodcancers.org
Back To Top

Better Business Bureau Comments

Year, State Incorporated: 1951, Illinois
Affiliates: None
Stated Purpose: Dedicated to conquering all blood cancers by funding research into their causes and cures and enriching the quality of life of those touched by these diseases.

Back To Top

Evaluation Conclusions

              

Leukemia Research Foundation meets the 20 Standards for Charity Accountability.
Back To Top

Programs

              

The Leukemia Research Foundation’s programs serve three main tenets: 1. Fund Worldwide Medical Research Based on recommendations from their Medical Advisory Board, the LRF provides research grants to scientists around the world. The LRF exclusively funds New Investigators - individuals who are beginning to establish their own laboratories and are no longer under the tutelage of a senior scientist mentor. These one year grants are $100,000 each, an amount that allows innovative scientists to act on their ideas, and try new procedures and experiments that will lead to significant breakthroughs. Over the years, the LRF has funded hundreds of research scientists and projects on five different continents with their exclusive focus on New Investigators. 2. Patient Financial Assistance The LRF’s Patient Financial Assistance Program provides support to patients and families struggling under the financial burden of a blood cancer diagnosis. The Program alleviates expenses not covered by insurance that may include doctor visits and co-pays, hospital care, laboratory work, prescription expenses, transportation expenses, and germ-free lodging for transplant recipients. 3. Support Programs The LRF conducts educational and support programs for patients, family members, caregivers and medical professionals. These conferences, including the Treatment Options for Blood Cancer Patients Conference, the Town Hall Meeting, and Town Hall Meeting in Spanish, are offered free of charge or registration. They provide opportunities for direct dialogue between patients and prominent hematology/oncology and transplant specialists to discuss treatment options and procedures.

For the fiscal year ended June 30, 2013, Leukemia Research Foundation's program expenses were:

  
Grants, research 798,426
Salaries 272,891
Financial Assistance 199,962
Rent/Utilities 47,859
Medical Awards 24,503
Grp Ins/Empl benefits 21,670
Payroll taxes 20,328
Transplant Conference 17,843
Computer expense 10,876
Town Hall Meeting 7,244
Children's Party 6,586
Telephone 5,190
Insurance 4,418
Grants, nursing 4,147
Bank & credit card fees 3,087
Supplies 2,845
Website maintenance 2,605
Grant expense 2,127
Direct mail 2,050
Depreciation 1,850
Printing 1,682
Postage 1,552
Repairs 1,534
Advertising 1,391
Public relations 1,052
Meetings 1,004
Misc 872
Promotion 454
Newsletter 1
Total Program Expenses: $1,466,049
Back To Top

Governance

              

Chief Executive : Kevin Radelet, Executive Director
Compensation*: 
$114,653

Chair of the Board: Diana Orjuela
Chair's Profession / Business Affiliation: First Merit Bank

Board Size: 12

Paid Staff Size: 7

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Back To Top

Fund Raising

              

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals, internet, planned giving arrangements, cause-related marketing
Fund raising costs were 11% of related contributions. (Related contributions, which totaled $1,919,233, are donations received as a result of fund raising activities.)
Leukemia Research Foundation incurred joint costs of $5,126 for informational materials and activities that included fund raising materials. Of those costs $2,050 was allocated to program expenses, $3,076 was allocated to fund raising expenses, and $ was allocated to administrative expenses.
Back To Top

Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
Back To Top

Financial

              

The following information is based on Leukemia Research Foundation's audited financial statements for the fiscal year ended June 30, 2013.

Source of Funds  
Chapter remittances 976,622
Corporations & foundations 375,050
Contributions 352,158
Federal & State campaigns 121,052
Indirect fundraising 91,123
Permanently restricted value of beneficial interest in trust 18,828
Dues 8,496
Temprarily restricted 5,000
Fundraising sales 2,271
Grants returned 2,129
Contributed goods/services 757
Investments 262
High school charity recipient 200
Total Income $1,953,948


chart



Uses of Funds as a % of Total Expenses

Programs: 77%  Fund Raising: 11%  Administrative: 12% 

Total income $1,953,948
Program expenses $1,466,049
Fund raising expenses 208,919
Administrative expenses 217,697
Total expenses $1,892,665
Income in Excess of Expenses 61,283
Beginning net assets 751,115
Ending net assets 812,398
Total liabilities 824,988
Total assets $1,637,386


Back To Top

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

Send to:



What is an Accredited Charity