BBB Wise Giving Report for
Cancer Research Institute

BBB Wise Giving Report issued May 2011
BBB Wise Giving Report expires May 2013


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: None

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

               

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 an 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, 2010, CRI's program expenses were:

  
Research 9,478,298
Science, medical and research information and communications 2,878,484
Total Program Expenses: $12,356,782
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Governance

               

Chief Executive : Jill O'Donnell-Tormey, Ph.D., Executive Director
Compensation*:
 $387,702

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

Board Size: 32

Paid Staff Size: 16

*July 1, 2009 - June 30, 2010 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 membership appeals.
Fund raising costs were 9% of related contributions. (Related contributions, which totaled $14,119,119, are donations received as a result of fund raising activities.)
CRI incurred joint costs of $279,590 for informational materials and activities that included fund raising materials. Of those costs, $167,754 was allocated to program expenses and $111,836 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 fiscal year ended June 30, 2010.

Source of Funds  
Designated contributions (including in-kind contributions of services) 6,877,409
Bequests and memorials 2,876,183
General support (including trustee) 2,375,136
Net investment gains in excess of investment allocation 2,032,613
Investment income allocation 1,476,528
Special events, net 1,258,813
Combined federal campaigns 731,578
Change in value of perpetual trust 44,687
Miscellaneous 21,971
Rent loss, net -17,922
Total Income $17,676,996


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Uses of Funds as a % of Total Expenses

Programs: 85%  Fund Raising: 9%  Administrative: 6% 

Total income   $17,676,996
  Program expenses $12,356,782
  Fund raising expenses 1,281,699
  Administrative expenses 916,264
 
Total expenses   $14,554,745
Income in Excess of Expenses   3,122,251
Beginning net assets   18,724,805
Ending net assets   21,847,056
Total liabilities   23,673,087
Total assets   $45,520,143

Note: According to CRI's audited financial statements for the fiscal year ended June 30, 2010, the organization's in-kind donations included in total expenses were $837,378 which includes contributed time/services of CRI's Scientific Advisory Council ($744,271) and donated vehicle commission ($93,107).

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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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