BBB Wise Giving Report for
AMC Cancer Research Center

BBB Wise Giving Report issued June 2010
BBB Wise Giving Report expires May 2012


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


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Charity Contact Information

Name: AMC Cancer Research Center
Address: 3401 Quebec Street, Suite 3200
  Denver, CO 80207
Phone: 800-321-1557
303-233-6501
Web Address: www.amc.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1904, Colorado
Affiliates: 9 chapters

Stated Purpose: "to prevent and control the spread of cancer and to discover the cause of cancer, through laboratory, behavioral, clinical and public health research."

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Evaluation Conclusions

               

AMC Cancer Research Center (AMC) meets the 20 Standards for Charity Accountability.
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Programs

               

AMC funded scientists at the University of Colorado Cancer Center (UCCC) study how and why healthy cells become cancerous, with the aim of identifying and pioneering biofeedback assessment tools to isolate individual risk factors. Projects also evaluate, examine and aid in the development of pharmaceutical agents for clinical application in the treatment of cancer. In striving to teach people how to lower their risk for contracting cancer, UCCC also performs research focusing on lifestyle and behavior modification through education, outreach, and support strategies for patients and families. In conjunction with UCCC, AMC operates a toll-free Cancer Information and Counseling Line.

For the fiscal year ended June 30, 2009, AMC's program expenses were:

  
Contributions to UCCC 997,723
Research 539,359
Total Program Expenses: $1,537,082
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Governance

               

Chief Executive : Alice Norton, Executive Director
Compensation*:
 $124,000

Chair of the Board: Gary Kortz
Chair's Profession / Business Affiliation: President, Gaming Hospitality Solutions

Board Size: 9

Paid Staff Size: 6

*July 1, 2008 - June 30, 2009 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances. Ms. Norton became CEO in January 2010 and prior to her assuming office, Joel Edelman was the CEO and he was compensated $124,000 for the fiscal year ended June 30, 2009.
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Fund Raising

               

Method(s) Used:

Direct mail, special events, print advertisements, grant proposals, Internet appeals, and planned giving.
Fund raising costs were 11% of related contributions. (Related contributions, which totaled $2,385,293, 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 AMC's audited financial statements for the fiscal year ended June 30, 2009.

Source of Funds  
Contributions 2,299,310
Special events, net 85,983
Interest and other income 56,835
Change in value of trusts -579,718
Total Income $1,862,410


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Uses of Funds as a % of Total Expenses

Programs: 69%  Fund Raising: 12%  Administrative: 19% 

Total income   $1,862,410
  Program expenses $1,537,082
  Fund raising expenses 274,252
  Administrative expenses 419,272
 
Total expenses   $2,230,606
Expenses in Excess of Income   (368,196)
Beginning net assets   6,230,712
Other Changes in Net Assets 173,810
Ending net assets   6,036,326
Total liabilities   198,411
Total assets   $6,234,737

Note: In the above financial summary, "other changes in net assets" represents the gain on sales of assets ($173,810).

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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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