Better Business Bureau Report for
Cancer Research Foundation

Better Business Bureau Report issued December 2016
Better Business Bureau Report expires December 2018


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Cancer Research Foundation
Address: 135 South LaSalle Street, Suite 3708
  Chicago, IL 60603
Phone: 312-630-0055
866-875-7277
Web Address: cancerresearchfdn.org
Also known as:none
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Better Business Bureau Comments

Formerly known as:none

Year, State Incorporated: 1954, Illinois
Affiliates: None
Stated Purpose: None

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Evaluation Conclusions

              

Cancer Research Foundation does not meet the following 2 Standards for Charity Accountability.

Standard 10: Ending Net Assets - Avoid accumulating funds that could be used for current program activities. To meet this standard, the charity's unrestricted net assets available for use should not be more than three times the size of the past year's expenses or three times the size of the current year's budget, whichever is higher.

Cancer Research Foundation does not meet this Standard because:

  • According to its audited financial statements for the fiscal year ended March 31, 2016, the organization's total unrestricted net assets were $7,311,131, or 4 times the charity's total expenses of $1,636,757.

Standard 14: Budget - Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.

Cancer Research Foundation does not meet this Standard because, when the organization provided budget information, it indicated that the budget:

  • Was not produced for the current fiscal year.
In addition, the BBB of Chicago & Northern Illinois requested but did not receive complete information on the organization’s governance and oversight, effectiveness measures, solicitation materials, annual report, and fundraising disclosures and is unable to verify the organization's compliance with the following 9Standards for Charity Accountability: 1, 2, 4, 5, 6, 7, 15, 16, and 19.
Cancer Research Foundation meets the remaining 8 Standards for Charity Accountability. Please note that as of the date of this report 1 out of the 20Standards for Charity Accountability are not currently effective. As a result, this standard has not been applied to this evaluation.
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Programs

              



For the fiscal year ended March 31, 2016, Cancer Research Foundation's program expenses were:

  
Contributions and Grants made to The University of Chicago 1,274,804
Contributions and Grants made to Washington University 150,000
Other Program Service Costs 99,501
Total Program Expenses: $1,524,305
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Governance

              

Chief Executive :
Compensation*: 

Chair of the Board:
Chair's Profession / Business Affiliation:

Board Size:

Paid Staff Size:

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:


Fund raising costs were 14% of related contributions. (Related contributions, which totaled $393,132, are donations received as a result of fund raising activities.)
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Tax Status

              

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Financial

              

The following information is based on Cancer Research Foundation's audited financial statements for the fiscal year ended March 31, 2016.

Source of Funds  
Public Support Contributions 393,132
Investment Income 269,424
Total Income $662,556


chart



Uses of Funds as a % of Total Expenses

Programs: 93%  Fund Raising: 3%  Administrative: 4% 

Total income $662,556
Program expenses $1,524,305
Fund raising expenses 54,257
Administrative expenses 58,195
Total expenses $1,636,757
Expenses in Excess of Income (974,201)
Beginning net assets 9,677,136
Ending net assets 8,040,406
Total liabilities 651,974
Total assets $8,842,380


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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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