National Foundation for Cancer Research

“The national foundation for cancer research's process for reviewing the form 990. ======================================================================== 1. Form 990 will be prepared after annual audit is done. 2. The first draft will be reviewed by the chief operating officer and the chief financial officer. 3. After resolving any questions or updates, the revised draft will be sent to board members, preferably electronically for their review and comments. 4. The board member's comments, if any, will be incorporated in the final return. 5. The return will be filed with the irs prior to the designated due date or extended due date. 6. The state version will be provided to states for registration renewals and the public portions of the return will be posted on the foundation's website. 7. In the occasion that there is insuffient time prior to filing form 990 to share it with the board, or there is absence of an opportunity for any meaningful review of form 990 by the board prior to the filings deadline, an electronic version of the filed return will be available for board members' review and comments after submission of return to irs. An amended return, if necessary, will be filed.”

“Each director, prior to taking his/her position on the board, and all present directors shall submit in writing to the chairman of the board a list of all businesses or other organizations of which he/she is an officer, director, trustee, member, owner shareholder, employee or agent, with which the foundation has, or might reasonable in the future enter into, a relationship or a transaction in which the director would have conflicting interest annually.”

“On an annual basis, the board will perform a thorough review to determine suitable compensation. This process includes all of the following three elements. ======================================================================= 1. Review and approval by board of directors: the compensation of each officer is reviewed and approved by the board of directors, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval. Each officer's performance is evaluated based on his or her job responsibilities, and internal and external goals set in the previous year. 2. Review of "comparable compensation" data: the compensation of each officer is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. Comparable data are compiled by the foundation's chief financial officer and/or by outside compensation consultants. Comparability data can include compensation data from irs form 990's of similar organizations, published compensation surveys, studies and guides, and other sources deemed appropriate at the time. 3. Documentation and recordkeeeping: there is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation agreement. The record is kept by the secretary of the foundation.”

“The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. The financial statements are also available on the foundation's website.”

“The National Foundation for Cancer Research (NFCR) is a leading public charity dedicated to funding cancer research and public education relating to cancer prevention, earlier diagnosis, better treatments and, ultimately, cures for cancer. NFCR has distinguished itself in the cancer research sector by emphasizing long-term, transformative research often overlooked by other major funding sources. NFCR promotes and facilitates collaboration among scientists to accelerate the pace of discovery from bench to bedside. Since 1973, NFCR has provided more than $415 million in support of discovery-oriented cancer research focused on understanding how and why cells become cancerous, and on public education relating to cancer prevention, detection, and treatment. NFCR is committed to fighting cancer by funding high-risk, high-impact, and potentially high-reward discoveries in the labs and transforming them into life-saving treatments for cancer patients. Through global collaboration, NFCR is making unique impacts on new, accelerated paths to a cure. NFCR envisions a world without cancer!”

“Nfcr is committed to efficiency and transparency. For more than 50 years, nfcr has been communicating with supporters, donors, and prospective donors by postal mail, email, phone, website and other means, both to request contributions and to educate the public, thereby upholding nfcr's mission statement about cancer and uphold its mission, and at the same time to provide fundraising opportunities. The costs related to these joint activities are allocated, thereby upholding nfcr's mission statement (to support cancer research and public education relating to the prevention, early diagnosis, better treatments and ultimately, a cure for cancer). These free publications are sent to tens of millions of families and include materials such as early detection guides, childhood cancer charts, cancer prevention kits and recipes for healthy living. As a result, in accordance with the financial accounting standards board (fasb) guidelines sop 98-2 (asc 958-720), we allocate a portion of our direct mail cost to program services and to fundraising.”