BBB Wise Giving Report for
MPN Research Foundation

BBB Wise Giving Report issued July 2010
BBB Wise Giving Report expires July 2012


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: MPN Research Foundation
Address: 233 South Wacker Drive, Suite 375
  Chicago, IL 60606
Phone: 312-683-7243
312-683-7226
Web Address: www.mpdfoundation.org
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BBB Wise Giving Alliance Comments

Formerly known as:MPD Foundation

Year, State Incorporated: 2000, Illinois
Affiliates: None
Stated Purpose: "to stimulate original MPD research in pursuit of new treatments and eventually a cure for polycythemia vera, primary myelofibrosis and essential thrombocythemia."

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Evaluation Conclusions

               

MPN Research Foundation (MRF) meets the 20 Standards for Charity Accountability.
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Programs

               

MPDF supports efforts to advance scientific understanding of the causes and potential treatments for the MPDs - polycythemia vera, primary myelofibrosis and essential thrombocythemia. The organization’s Scientific Advisory Board utilizes a selection process with the aim of ensuring donations are allocated to the most innovative research projects. MPDF produces newsletters and informational brochures free to patients and doctors, assists with patient support groups and hosts educational symposiums focused on MPDs.

For the fiscal year ended November 30, 2009, MRF's program expenses were:

  
Program services 1,055,507
Total Program Expenses: $1,055,507
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Governance

               

Chief Executive : Barbara Van Husen, President
Compensation*:
 $0

Highest Paid Executive: Ann Brazeau, VP of Development
Compensation*: $102,000

Chair of the Board: Robert Rosen
Chair's Profession / Business Affiliation: Real estate, retired

Board Size: 13

Paid Staff Size: 3

*December 1, 2008 - November 30, 2009 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances. MPDF reports that Ms. Van Husen receives no compensation.
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Fund Raising

               

Method(s) Used:

Direct mail, Internet appeals, and planned giving.
Fund raising costs were 12% of related contributions. (Related contributions, which totaled $1,289,948, 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 MPDF's audited financial statements for the fiscal year ended November 30, 2009.

Source of Funds  
Contributions 1,289,948
Investment income 8,848
Total Income $1,298,796


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Uses of Funds as a % of Total Expenses

Programs: 76%  Fund Raising: 11%  Administrative: 13% 

Total income   $1,298,796
  Program expenses $1,055,507
  Fund raising expenses 158,008
  Administrative expenses 185,519
 
Total expenses   $1,399,034
Expenses in Excess of Income   (100,238)
Beginning net assets   1,175,392
Ending net assets   1,075,154
Total liabilities   293,724
Total assets   $1,368,878


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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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