Better Business Bureau Report for
Cancer Research Foundation

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



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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: The Cancer Research Foundation's mission is to raise funds to fund early-career cancer scientists and new directions in cancer science research with the goal of contributing to "Transformational Events" in the prevention, treatment and cure for cancer.

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Evaluation Conclusions

              

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 13Standards for Charity Accountability: 1, 2, 3, 4, 5, 6, 7, 10, 12, 14, 15, 16, and 19.
Cancer Research Foundation meets the remaining 7 Standards for Charity Accountability.
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Programs

              

Their ultimate goal is to bring about the day when the world is celebrating the scientist who has finally unraveled a key to stopping this terrible disease.

For the fiscal year ended March 31, 2013, Cancer Research Foundation's program expenses were:

  
Contributions and Grants Made to: The University of Chicago 575,000
Other Program Service Costs 97,019
Contributions and Grants Made to: Miscellaneous Gifts 90,000
Total Program Expenses: $762,019
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Governance

              

Chief Executive :
Compensation*: 

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

Board Size:

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:

internet
Fund raising costs were 4% of related contributions. (Related contributions, which totaled $1,396,356, are donations received as a result of fund raising activities.)
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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.
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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, 2013.

Source of Funds  
Public Support Contributions 1,396,356
Investment Income 216,740
Change in Value of Charitable Remainder Trusts and Estates -82,916
Total Income $1,530,180


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Uses of Funds as a % of Total Expenses

Programs: 88%  Fund Raising: 6%  Administrative: 6% 

Total income $1,530,180
Program expenses $762,019
Fund raising expenses 50,325
Administrative expenses 54,914
Total expenses $867,258
Income in Excess of Expenses 662,922
Beginning net assets 6,921,159
Other Changes in Net Assets 329,110
Ending net assets 7,913,191
Total liabilities 254,375
Total assets $8,167,566


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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.

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