BBB Wise Giving Report for
Prostate Cancer Foundation

BBB Wise Giving Report issued January 2011
BBB Wise Giving Report expires January 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: Prostate Cancer Foundation
Address: 1250 Fourth Street
  Santa Monica, CA 90401
Phone: 310-570-4700
Web Address: www.prostatecancerfoundation.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1993, California
Affiliates: None
Stated Purpose: "to find better treatments and cures for prostate cancer."

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Evaluation Conclusions

               

Prostate Cancer Foundation (PCF) meets the 20 Standards for Charity Accountability.
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Programs

               

PCF pursues its mission by funding scientific research that exhibits the potential to accelerate discovery and deliver new treatments for prostate cancer. The organization also provides information on prostate cancer screening, treatment and related topics for patients and their families. PCF also advocates for greater awareness of prostate cancer and more government resources. Some ($1,011,633 or 5%) of PCF's program activies are carried out in conjunction with fund raising appeals.

For the year ended December 31, 2009, PCF's program expenses were:

  
Research grants 15,153,848
Public awareness and advocacy 2,194,062
Scientific conferences 2,059,200
Total Program Expenses: $19,407,110
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Governance

               

Chief Executive : Jonathan Simons, M.D., Chief Executive Office and President
Compensation*:
 $850,188

Chair of the Board: Michael Milken
Chair's Profession / Business Affiliation: Founder

Board Size: 27

Paid Staff Size: 33

*2009 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, print advertisements, grant proposals, Internet appeals, cause-related marketing, athletic events.
Fund raising costs were 14% of related contributions. (Related contributions, which totaled $33,265,074, are donations received as a result of fund raising activities.)
PCF incurred joint costs of $2,783,822 for informational materials and activities that included fund raising materials. Of those costs $1,768,262 was allocated to fund raising expenses, $1,011,633 was allocated to program expenses, and $3,927 was allocated to administrative 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 PCF's audited financial statements for the fiscal year ended December 31, 2009.

Source of Funds  
Contributions 33,265,074
Interest and other income 329,244
Loss on investment, net realized and unrealized -415,074
Total Income $33,179,244


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Uses of Funds as a % of Total Expenses

Programs: 73%  Fund Raising: 17%  Administrative: 10% 

Total income   $33,179,244
  Program expenses $19,407,110
  Fund raising expenses 4,502,562
  Administrative expenses 2,714,456
 
Total expenses   $26,624,128
Income in Excess of Expenses   6,555,116
Beginning net assets   15,992,545
Ending net assets   22,547,661
Total liabilities   17,367,018
Total assets   $39,914,679


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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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