Better Business Bureau Report for
The LAM Foundation

Better Business Bureau Report issued July 2009
Better Business Bureau Report expires July 2011


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: The LAM Foundation
Address: 4015 Executive Park Drive, Suite 320
  Cincinnati, OH 45241
Phone: (513) 777-6889
Web Address: http://thelamfoundation.org
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Better Business Bureau Comments

Year, State Incorporated: 1995, Ohio
Affiliates: None
Stated Purpose: The LAM Foundation urgently seeks an effective treatment, and ultimately a cure, for lymphangioleiomyomatosis (LAM) through advocacy and the funding of promising research. We are dedicated to serving the scientific, medical, and patient communities by offering information, resources, and a worldwide network of hope and support.

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Evaluation Conclusions

              

The LAM Foundation meets the 20Standards for Charity Accountability.
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BBB Accreditation

              

A BBB Accredited Charity since 12/13/2005.

BBB has determined that in addition to meeting BBB's 20 Standards for Charity Accountability, The LAM Foundation adheres to the BBB Code of Business Practices, which includesa commitment to make a good faith effort to resolve any complaints.  Charities that display the BBB Accredited Charity Seal pay a fee for review / monitoring and for support of BBB's services to the public. 

BBB accreditation does not mean that the charity's programs or services have been evaluated or endorsed by BBB or that BBB has made a determination as to the charity's competency in performing services.

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Programs

              

The LAM Foundation provides funding for LAM research, including 79 research projects in the past 12 years leading to three scientific breakthroughs and the first LAM treatment trial, as well as the discovery of the genetic basis of LAM, its relationship to tuberous sclerosis, and the identity of molecular targets for therapy. The organization initiated the development of a patient database that has now identified over 2,000 women with LAM worldwide. The foundation also devised a system to acquire and distribute patient tissue obtained at lung transplantation for LAM research. The LAM Foundation provides LAM education resources, including LAMposium, a forum for scientific discussion of LAM that, according to the organization, regularly attracts over 300 conference attendees, including an average of 100 researchers/investigators. The LAM Foundation has organized and executed nine annual International LAM Research Conferences. The organization delivers presentations and manages exhibits to educate the medical community about LAM at leading medical conferences, including the International American Thoracic Society Conferences, the American College of Chest Physicians, European Respiratory Society, Tuberous Sclerosis Alliance, American Lung Association "Catch Your Breath" conferences, and the Canadian Lung Conference. The organization has also developed a plan to educate pulmonologists, nephrologists, gynecologists, internists, neurologists, and ER physicians to help them identify women with LAM and to acquire LAM patient referrals. The LAM Foundation supports efforts to raise awareness of LAM through the Internet, radio, TV, and print. These efforts have included testifying before Congress on behalf of rare diseases, speaking at the United Nations about LAM, and sponsoring the "Tour for a Cure", a 13,000-mile trip around the United States to raise LAM awareness. The LAM Foundation provides a support network for LAM patients through telephone calls, emails, a patient newsletter, an Advocacy Program, and a LAM patient ListServ and Community Forum. The organization has assisted in the founding of 11 other patient organizations around the world, three of which, according to the organization, are raising funds for the U.S. LAM Foundation. In addition, the LAM Foundation formed the Worldwide LAM Patient Coalition to enable collaboration with 15 different patient organizations to facilitate research.

For the fiscal year ended December 31, 2009, The LAM Foundation's program expenses were:

  
Research 607,345
Patient Services 139,898
Public Education 51,875
Professional Education & Training 19,964
Total Program Expenses: $819,082
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Governance

              

Chief Executive : Ms. Jill Raleigh, Executive Director
Compensation*:

Chair of the Board: Mr. Tom Laurenzi
Chair's Profession / Business Affiliation: President, Delmhorst Instrument Company

Board Size: 12

Paid Staff Size: 7

*Compensation information not provided to your BBB.
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Fund Raising

              

Method(s) Used:

direct mail, Internet, Sponorship
Fundraising costs were 10% of related contributions. (Related contributions, which totaled $929,435, are donations received as a result of fundraising activities.)
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Tax Status

              

This charity 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 The LAM Foundation's audited financial statements for the fiscal year ended December 31, 2009.

Source of Funds  
Honor and Memorial Tributes 317,144
Contributions from Special Events, Net 288,526
Corporate and Foundation Gifts 175,646
Conference Sponorships and Registrations 94,524
Investment Earnings (Losses), Net 90,548
Other Donations 79,564
Contributed Services and Materials 68,555
Other Income 260
Total Income $1,114,767


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Uses of Funds as a % of Total Expenses

Programs: 78%  Fund Raising: 8%  Administrative: 14% 

Total income   $1,114,767
  Program expenses $819,082
  Fund raising expenses 89,216
  Administrative expenses 144,624
 
Total expenses   $1,052,922
Income in Excess of Expenses   61,845
Beginning net assets   923,683
Ending net assets   985,528
Total liabilities   154,222
Total assets   $1,139,750


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Additional Information

              

There are several "Friends of The LAM Foundation" organizations set up around the country to provide additional fundraising services for The LAM Foundation.  More information about these “Friends” organizations may be available by visiting www.bbb.org or calling (513) 421-3015.

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