BBB Wise Giving Report for
Cancer Research Institute

BBB Wise Giving Report issued April 2009
BBB Wise Giving Report expires April 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: Cancer Research Institute
Address: One Exchange Plaza
55 Broadway, Suite 1802
  New York , NY 10006
Phone: 212-688-7515
Web Address: www.cancerresearch.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1953, New York
Affiliates: 6 Volunteer offices
Stated Purpose: "to support and coordinate laboratory and clinical efforts that will lead to the immunological treatment, control, and prevention of cancer."

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Evaluation Conclusions

               

Cancer Research Institute (CRI) meets the 20 Standards for Charity Accountability.
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Programs

               

CRI’s research programs include: the Predoctoral Emphasis Pathway in Tumor Immunology, the Irvington Institute Fellowship Program of the Cancer Research Institute, the Investigator Award Program, and the Clinical Investigation Program, which includes the Coordinated Cancer Initiatives, the Cancer Vaccine Collaborative, and the Cancer Vaccine Consortium. CRI also sponsors a international symposium on cancer immunology each year, convenes annual colloquia dedicated to cancer vaccine research and development, educates the public about immunology and immunotherapy, and presents awards to scientists and philanthropic leaders who have made outstanding contributions to the field.

For the fiscal year ended June 30, 2008, CRI's program expenses were:

  
Research 12,292,436
Science, medical and research information, and communications 1,823,155
Total Program Expenses: $14,115,591
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Governance

               

Chief Executive : Jill O'Donnell-Tormey, Ph.D., Executive Director
Compensation*:
 $357,865

Chair of the Board: Donald J. Gogel
Chair's Profession / Business Affiliation: President and CEO, Clayton, Dubilier & Rice, Inc.

Co-Chair of the Board : Andrew M. Paul

Chair's Profession / Business Affiliation: Managing General Partner, Enhanced Equity Fund, L.P.

Board Size: 33

Paid Staff Size: 14

*July 1, 2007 - June 30, 2008 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, special events, grant proposals, Internet appeals, planned giving, and cause-related marketing.
Fund raising costs were 12% of related contributions. (Related contributions, which totaled $11,291,274, are donations received as a result of fund raising activities.)
CRI incurred joint costs of $356,489 for informational materials and activities that included fund raising materials. Of those costs $213,867 was allocated to program expenses and $142,622 was allocated to fund raising expenses.
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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 CRI's audited financial statements for the year ended June, 30 2008.

Source of Funds  
Gain on sale of building 6,063,686
Bequests/memorials 3,201,604
General, trustee, and related 3,093,787
Designated contributions 2,900,194
Investment Income 1,491,505
Special events (net) 1,238,210
Combined Federal Campaigns 857,479
Rental income 206,082
Miscellaneous 59,736
Change in value of perpetual trust -91,522
Net investment loss in excess of investment allocation -4,257,256
Total Income $14,763,505


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Uses of Funds as a % of Total Expenses

Programs: 86%  Fund Raising: 8%  Administrative: 6% 

Total income   $14,763,505
  Program expenses $14,115,591
  Fund raising expenses 1,315,962
  Administrative expenses 1,008,140
 
Total expenses   $16,439,693
Expenses in Excess of Income   (1,676,188)
Beginning net assets   28,481,307
Ending net assets   26,805,119
Total liabilities   24,858,732
Total assets   $51,663,851


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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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