Better Business Bureau Report for
Lynn Sage Cancer Research Foundation

Better Business Bureau Report issued May 2014
Better Business Bureau Report expires May 2016


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Lynn Sage Cancer Research Foundation
Address: 251 E Huron St.
Galter 3-200
  Chicago, IL 60611
Phone: 312-926-4274
Web Address: http://www.lynnsage.org/
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Better Business Bureau Comments

Year, State Incorporated: 1985, Illinois
Affiliates: None
Stated Purpose: Dedicated to the courageous spirit of Lynn Sage, LSCRF supports innovative contributions to the understanding, research and treatment of breast cancer.

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Evaluation Conclusions

              

Lynn Sage Cancer Research Foundation meets the 20 Standards for Charity Accountability.
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Programs

              

The Lynn Sage Cancer Research Foundation (LSCRF) is one of the nation’s leading breast cancer research and education charities. It was founded in 1985 in memory of Lynn Sage, a Chicago-area woman who endured a six-year struggle with breast cancer before she died at the age of 39. Our mission is to support the understanding, research and treatment of breast cancer in partnership with Chicago’s Northwestern Memorial Hospital and the Robert H. Lurie Comprehensive Cancer Center of Northwestern University. Since its inception, LSCRF has raised more than $29 million for breast cancer research. Our administrative costs are less than 6%, so that there are more funds available for the research and education projects that we support. With each dollar donated, Lynn Sage’s fight to cure breast cancer continues.

For the fiscal year ended December 31, 2012, Lynn Sage Cancer Research Foundation's program expenses were:

  
Contributions and accrual of discount on prior year's pledges to Northwestern Memorial Hospital 786,396
Total Program Expenses: $786,396
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Governance

              

Chief Executive : N/A, N/A
Compensation*: 
$

Chair of the Board: Ashley Hemphill Netzky
Chair's Profession / Business Affiliation:

Board Size: 67

Paid Staff Size: 0

*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, invitations to fund raising events, print advertisements, television, radio, internet, planned giving arrangements
Fund raising costs were 20% of related contributions. (Related contributions, which totaled $1,653,175, 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 Lynn Sage Cancer Research Foundation's audited financial statements for the fiscal year ended December 31, 2012.

Source of Funds  
Contributions 1,054,646
Fundraising revenue 598,529
Total Income $1,653,175


chart



Uses of Funds as a % of Total Expenses

Programs: 67%  Fund Raising: 28%  Administrative: 5% 

Total income $1,653,175
Program expenses $786,396
Fund raising expenses 333,518
Administrative expenses 64,013
Total expenses $1,183,927
Income in Excess of Expenses 469,248
Beginning net assets 1,529,727
Ending net assets 2,350,139
Total liabilities 1,076,500
Total assets $3,426,639


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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.

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