Better Business Bureau Report for
Lynn Sage Cancer Research Foundation

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


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


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Charity Contact Information

Name: Lynn Sage Cancer Research Foundation
Address: 251 E Huron St.
Galter 3-200
  Chicago, IL 60611
Phone: 312-926-4274
Web Address: http://www.lynnsage.org/
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Better Business Bureau Comments

Year, State Incorporated: 1985, Illinois
Affiliates: None
Stated Purpose: Dedicated to the courageous spirit of Lynn Sage, the Lynn Sage Cancer Research Foundation (LSCRF) supports innovative contributions to the understanding, research, and treatment of breast cancer in partnership with Northwestern Memorial Hospital and the Robert H. Lurie Comprehensive Cancer Center of Northwestern University.

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Evaluation Conclusions

               

Lynn Sage Cancer Research Foundation meets the 20 Standards for Charity Accountability.
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Programs

               

Breast cancer research and educational initiatives at Northwestern Memorial Hospital and the Robert H. Lurie Comprehensive Cancer Center of Northwestern University.

For the fiscal year ended December 31, 2010, Lynn Sage Cancer Research Foundation's program expenses were:

  
Program Services: Donation to Northwestern Memorial Hospital 397,944
Total Program Expenses: $397,944
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Governance

               

Chief Executive : N/A, N/A
Compensation*:
 $

Highest Paid Executive: N/A,N/A
Compensation*: $

Chair of the Board: Stephanie Lieber is current chair. Her term began 01/01/12.
Chair's Profession / Business Affiliation: Fundraiser

Co-Chair of the Board : Vice Chair, Immediate Past Chair, Secretary, Treasurer

Chair's Profession / Business Affiliation: Investment Analyst, Marketing Director, Business Owner, Real Estate VP

Co-Chair of the Board : Ashley Hemphill Netzky, Andrea Gordon, Julie Lampert, Susan B. Silver

Chair's Profession / Business Affiliation:

Board Size: 62

Paid Staff Size: 0

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

               

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals, internet, planned giving arrangements, cause-related marketing, membership
Fund raising costs were 1% of related contributions. (Related contributions, which totaled $1,718,972, 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 Lynn Sage Cancer Research Foundation's audited financial statements for the fiscal year ended December 31, 2010.

Source of Funds  
Fundraising Events: Revenues 1,973,693
Tributes and general contributions 53,636
Investment Income 7,623
Fundraising Events: Less: Costs of Direct Benefit to Donors -308,357
Total Income $1,726,595


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Uses of Funds as a % of Total Expenses

Programs: 88%  Fund Raising: 3%  Administrative: 9% 

Total income   $1,726,595
  Program expenses $397,944
  Fund raising expenses 15,393
  Administrative expenses 41,061
 
Total expenses   $454,398
Income in Excess of Expenses   1,272,197
Beginning net assets   430,064
Ending net assets   1,702,261
Total liabilities   1,634,791
Total assets   $3,337,052


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