Civic Intelligence

The V Foundation

EIN 13-3705951 • 501(c)3 • Cary, NC

Profile

The foundation's mission is to generate broad based support for cancer research and to create an urgent awareness among all americans of the importance of the war against cancer. The foundation accomplishes this mission through advocacy, education, fundraising, and philanthropy.

Refreshing map…

14600 Weston ParkwayCary, NC 27513

www.jimmyv.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

73rd percentile

0.59x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

78th percentile

1.39x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Net Margin

12th percentile

-15%

Higher net margin than 12% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

62nd percentile

$632,277

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Asset Growth

86th percentile

21%

Faster asset growth than 86% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2025

Revenue Growth

67th percentile

14%

Faster revenue growth than 67% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2025

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$145,853,123

Up $16,507,929 (+13%) from 2024

Liabilities

Up

$85,546,961

Up $21,773,712 (+34%) from 2024

Net Assets

Down

$60,306,162

Down $5,265,783 (-8.0%) from 2024

Operations
Liabilities / Revenue78th percentileNet Margin12th percentile

Revenue

Down

$61,639,637

Down $761,377 (-1.2%) from 2024

Expenses

Up

$70,594,561

Up $18,692,596 (+36%) from 2024

Net Income

Down

-$8,954,924

Down $19,453,973 (-185%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth86th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2011: $34,651,145Liabilities 2011: $19,585,284Net Assets 2011: $15,065,8612011Assets 2012: $36,782,510Liabilities 2012: $20,398,712Net Assets 2012: $16,383,7982012Assets 2013: $40,190,117Liabilities 2013: $22,213,219Net Assets 2013: $17,976,8982013Assets 2014: $55,466,949Liabilities 2014: $24,154,466Net Assets 2014: $31,312,4832014Assets 2015: $64,624,484Liabilities 2015: $31,776,212Net Assets 2015: $32,848,2722015Assets 2016: $66,955,120Liabilities 2016: $33,861,078Net Assets 2016: $33,094,0422016Assets 2017: $71,549,284Liabilities 2017: $36,731,146Net Assets 2017: $34,818,1382017Assets 2018: $74,304,132Liabilities 2018: $35,175,232Net Assets 2018: $39,128,9002018Assets 2019: $76,463,175Liabilities 2019: $36,658,661Net Assets 2019: $39,804,5142019Assets 2020: $66,068,927Liabilities 2020: $24,293,257Net Assets 2020: $41,775,6702020Assets 2021: $77,875,594Liabilities 2021: $26,970,011Net Assets 2021: $50,905,5832021Assets 2022: $79,722,279Liabilities 2022: $29,804,178Net Assets 2022: $49,918,1012022Assets 2023: $99,605,978Liabilities 2023: $48,682,216Net Assets 2023: $50,923,7622023Assets 2024: $129,345,194Liabilities 2024: $63,773,249Net Assets 2024: $65,571,9452024Assets 2025: $145,853,123Liabilities 2025: $85,546,961Net Assets 2025: $60,306,1622025

Highlighted filing

2025

Assets$145,853,123
Liabilities$85,546,961
Net Assets$60,306,162
Open 2025 Filing

Operations Trend

Revenue Growth67th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0-$20MRevenue 2011: $15,066,421Expenses 2011: $14,415,183Net Income 2011: $651,2382011Expenses 2012: $17,032,3072012Revenue 2013: $17,794,856Expenses 2013: $16,928,752Net Income 2013: $866,1042013Revenue 2014: $31,093,042Expenses 2014: $18,820,333Net Income 2014: $12,272,7092014Revenue 2015: $28,470,653Expenses 2015: $25,201,155Net Income 2015: $3,269,4982015Revenue 2016: $24,744,623Expenses 2016: $25,465,921Net Income 2016: -$721,2982016Revenue 2017: $29,273,062Expenses 2017: $27,693,120Net Income 2017: $1,579,9422017Revenue 2018: $40,085,199Expenses 2018: $30,945,548Net Income 2018: $9,139,6512018Revenue 2019: $33,522,505Expenses 2019: $33,129,624Net Income 2019: $392,8812019Revenue 2020: $19,512,235Expenses 2020: $18,863,499Net Income 2020: $648,7362020Revenue 2021: $32,236,754Expenses 2021: $26,594,551Net Income 2021: $5,642,2032021Revenue 2022: $38,304,202Expenses 2022: $33,070,010Net Income 2022: $5,234,1922022Revenue 2023: $47,813,363Expenses 2023: $50,407,793Net Income 2023: -$2,594,4302023Revenue 2024: $62,401,014Expenses 2024: $51,901,965Net Income 2024: $10,499,0492024Revenue 2025: $61,639,637Expenses 2025: $70,594,561Net Income 2025: -$8,954,9242025

Highlighted filing

2025

Revenue$61,639,637
Expenses$70,594,561
Net Income-$8,954,924
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$145,853,123
Liabilities
$85,546,961
Net assets
$60,306,162
Revenue
$61,639,637
Expenses
$70,594,561
Net income
-$8,954,924
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$146$85.5$60.3$61.6$70.6$8.95
2024Detailed filing. Detailed filing data is available for this year.$129$63.8$65.6$62.4$51.9$10.5
2023Detailed filing. Detailed filing data is available for this year.$99.6$48.7$50.9$47.8$50.4$2.59
2022Detailed filing. Detailed filing data is available for this year.$79.7$29.8$49.9$38.3$33.1$5.23
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$77.9$27.0$50.9$32.2$26.6$5.64
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$66.1$24.3$41.8$19.5$18.9$0.65
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$76.5$36.7$39.8$33.5$33.1$0.39
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$74.3$35.2$39.1$40.1$30.9$9.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$71.5$36.7$34.8$29.3$27.7$1.58
2016Detailed filing. Detailed filing data is available for this year.$67.0$33.9$33.1$24.7$25.5$0.72
2015Detailed filing. Detailed filing data is available for this year.$64.6$31.8$32.8$28.5$25.2$3.27
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$55.5$24.2$31.3$31.1$18.8$12.3
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.2$22.2$18.0$17.8$16.9$0.87
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.8$20.4$16.4$17.0
2011Summary only. Only limited summary data is available for this year.$34.7$19.6$15.1$15.1$14.4$0.65
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Feb 13, 2026
Return Version
2024v5.5
Gross Receipts
$74,569,089
Mission and Program Overview

Mission

The foundation's mission is to generate broad based support for cancer research and to create an urgent awareness among all americans of the importance of the war against cancer. The foundation accomplishes this mission through advocacy, education, fundraising, and philanthropy.

TO PUT AN END TO CANCER.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$65,572,784$79,178,736▲ $13,605,952
Savings and Temporary Cash Investments$42,977,882$31,556,944▼ $11,420,938
Pledges and Grants Receivable$13,476,965$25,940,666▲ $12,463,701
Cash and Non-Interest-Bearing Accounts$3,854,990$4,613,164▲ $758,174
Accounts Receivable$1,005,048$2,325,957▲ $1,320,909
Land, Buildings, and Equipment, Net$1,554,990$1,486,682▼ $68,308
Prepaid Expenses and Deferred Charges$329,571$256,972▼ $72,599
Intangible Assets$50,000$50,000→ $0
Total Assets$129,345,194$145,853,123▲ $16,507,929
Other Assets Total$522,964$444,002▼ $78,962
Liabilities
Grants Payable$62,559,832$83,262,332▲ $20,702,500
Accounts Payable and Accrued Expenses$700,036$1,892,690▲ $1,192,654
Other Liabilities$513,381$391,939▼ $121,442
Total Liabilities$63,773,249$85,546,961▲ $21,773,712
Net Assets / Fund Balance
Net Assets With Donor Restrictions$39,153,723$55,249,712▲ $16,095,989
Net Assets Without Donor Restrictions$26,418,222$5,056,450▼ $21,361,772
Total Net Assets Fund Balance$65,571,945$60,306,162▼ $5,265,783
Total Liabilities and Net Assets / Fund Balance$129,345,194$145,853,123▲ $16,507,929

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,409,374$455,034$1,864,408
Other Land Buildings$31,930$260,398$292,328
Equipment$34,628$169,147$203,775
Leasehold Improvements$10,750$4,250$15,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$49,558,003$199,751▲ $5,254,062$2,358,489$52,456,446
2023$43,216,953$714,772▲ $7,879,769$2,056,610$49,558,003
2022$38,723,186$1,396,470▲ $4,439,983$1,158,129$43,216,953
2021$43,914,780$1,630,419▼ $4,468,793$2,156,838$38,723,186
2020$37,842,732$2,370,290▲ $6,361,654$2,487,679$43,914,780
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shane JacobsonCHIEF EXECUTIVE OFFICER THR: 8/25PT$590,980$41,297$632,277
Susanna GreerChief Scientific OfficerFT$315,918$40,697$356,615
Lauren HallCHIEF DEVELOPMENT OFFICER THR: 12/24PT$320,746$15,285$336,031
Roger FergusonChief Marketing OfficerPT$309,660$19,935$329,595
Carrie ThomasSr. Vice President, PartnershipPT$251,021$39,014$290,035
Devin GilreathChief Financial OfficerPT$246,298$40,688$286,986
Jane Diane BaerSr. Vice President, Market Development and Events-$222,495$31,413$253,908
Jane Diane BaerSr. Vice President, Market Developme-$222,495$31,413$253,908
Philip PilewskiVice President, Principal GiftsPT$209,752$38,045$247,797
Max DuleySr. Vice President, Philanthropy and Auctions-$206,391$38,075$244,466
Max DuleySr. Vice President, Philanthropy and-$206,391$38,075$244,466
Kara ColemanVice President, Research and GrantsFT$177,556$28,318$205,874
Jackie AanesChief of StaffPT$167,729$38,011$205,740
Chanda Jeanine Douglas WardVP, HUMAN RESOURCES KEY EE THR: 7/25PT$166,342$17,755$184,097

Board Members and Trustees

NameTitle
Evan GoldbergChair
Pamela Valvano StrasserChairwoman
Nicholas P ValvanoPresident Emeritus
Buster PoseyDirector
Carl C Liebert IiiDirector
Ciara WilsonDirector
David W WilliamsDirector
Dereck WhittenburgDirector
Dick VitaleDirector
Don YaegerDirector
Donna OrenderDirector
Fj Joe LoughreyDirector
Harry E Rhoads JrDirector
James PitaroDirector
Jay BilasDirector
Jeff BerryDirector
John W ThielDirector
Joseph O Moore MdDirector
Julie ChaseDirector
Julie MaplesDirector
Kevin PlankDirector
Lawrence C Probst IiiDirector
Marc MentryDirector
Matt HongDirector
Michael B Kastan Md PhdDirector
Michael W KrzyzewskiDirector
Nancy Davidson MdDirector
Nancy Major MdDirector
Norby WilliamsonDirector
Rita FerroDirector
Robert Bast Jr MdDirector
Robert C NakasoneDirector
Robert ValvanoDirector
Russell WilsonDirector
Steven M BornsteinDirector
Stuart a Taylor IiDirector
Thomas E CabanissDirector
Bill NewlandsDIRECTOR FR: 12/24
Edward BousaDIRECTOR FR: 12/24
Geoffrey S MasonDIRECTOR THR: 5/25
George W Dennis IiiDIRECTOR THR: 9/25
Michael C MacdonaldDIRECTOR THR: 9/25
Sage SteeleDIRECTOR THR: 9/25
William Nelson MdphdDIRECTOR THR: 9/25
Clark KinlinDIRECTOR/INTERIM CEO FR: 7/25
George BodenheimerSecretary
Constance E SkidmoreTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Coyne Public Relations LLCPublic Relations Communication Agency.5 WOODHOLLOW RD, Parsippany, NJ 07054-2832$206,680
The Imagine Group LLCPrint Communications Design And ProductiPO BOX 603849, Charlotte, NC 28260-3849$148,586
Revenue and Support

Revenue Composition

Contributions and Grants
$57,056,700
Program Service Revenue
$0
Investment Income
$4,300,252
Other Revenue
$282,685
All Other Contributions
$32,905,594
Change in Net Assets
$-8,954,924

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded53$415,043Fair Market Value
Total Noncash Contributions53$415,043-

Audited Revenue Reconciliation

Revenue per Audited Statements
$61,301,726
Revenue Not Reported on Financial Statements
$337,911
Revenue Not Reported on Form 990
$3,942,093
Total Revenue per Audited Statements
$65,243,819
Total Revenue per Form 990
$61,639,637
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$58,781,048
Salaries, Compensation, and Employee Benefits$7,333,829
Total Fundraising Expense$4,949,376
Other Expenses$4,479,684
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$55,381,048--$55,381,048
Other Salaries and Wages$891,280$1,566,876$1,900,659$4,358,815
Foreign Grants$3,400,000--$3,400,000
Current Officers, Directors, Trustees, and Key Employees$289,017$512,167$616,711$1,417,895
Advertising$17,383$569,977$554,180$1,141,540
Other Employee Benefits$207,667$378,912$444,143$1,030,722
Fees for Services Other$10,243$412,273$277,618$700,134
Travel$64,148$138,575$275,928$478,651
Information Technology$93,556$276,095$89,068$458,719
Office Expenses$589$56,917$343,925$401,431
Payroll Taxes$76,219$139,576$177,435$393,230
Fees for Service Investment Mgmnt Fees-$337,911-$337,911
Occupancy$25,320$107,103$36,379$168,802
Pension Plan Contributions$26,771$49,113$57,283$133,167
Depreciation Depletion$10,946$46,519$15,506$72,971
Other Expenses$2,030$12,958$49,390$64,378
All Other Expenses$62,822--$62,822
Insurance-$42,985$14,329$57,314
Total Functional Expenses$60,701,270$4,943,915$4,949,376$70,594,561

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$70,594,561
Total Expenses per Audited Statements$70,509,602
Expenses per Audited Statements$70,256,650
Expenses Not Reported on Financial Statements$337,911
Expenses Not Reported on Form 990$252,952
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The University of Chicago Medicine Comprehensive Cancer CenterChicago, IL501c3Cancer Research$3,200,000
Fred Hutch University of Washington Seattle Childrens Cancer ConsortiumSeattle, WA501c3Cancer Research$3,100,000
Dana-farberharvard Cancer CenterBoston, MA501c3Cancer Research$2,800,000
Ucla Health Jonsson Comprehensive Cancer CenterLos Angeles, CA501c3Cancer Research$2,600,000
Montefiore Einstein Comprehensive Cancer CenterBronx, NY501c3Cancer Research$2,400,000
Duke Cancer InstituteDurham, NC501c3Cancer Research$2,255,000
Memorial Sloan Kettering Cancer CenterNew York, NY501c3Cancer Research$2,000,000
Yale Cancer CenterNew Haven, CT501c3Cancer Research$1,800,000
Abramson Cancer CenterPhiladelphia, PA501c3Cancer Research$1,600,000
Stanford Cancer InstituteStanford, CA501c3Cancer Research$1,600,000
The General Hospital Corporation Dba Massachusetts General HospitalBoston, MA501c3Cancer Research$1,600,000
Purdue University Institute for Cancer ResearchWest Lafayette, IN501c3Cancer Research$1,400,000
Harold C Simmons Comprehensive Cancer CenterDallas, TX501c3Cancer Research$1,200,000
Ucsfhelen Diller Family Comprehensive Cancer CenterSan Francisco, CA501c3Cancer Research$1,200,000
Washington University School of Medicine in St LouisSt Louis, MO501c3Cancer Research$1,200,000
Salk Cancer Center - Salk Institute for Biological StudiesLa Jolla, CA501c3Cancer Research$1,005,000
DUKE CHILDREN'S HOSPITAL AND HEALTH CENTERDurham, NC501c3Cancer Research$1,000,000
Rutgers Cancer InstituteNew Brunswick, NJ501c3Cancer Research$1,000,000
ST LOUIS CHILDREN'S HOSPITALSaint Louis, MO501c3Cancer Research$1,000,000
University of Miami Sylvester Comprehensive Cancer CenterMiami, FL501c3Cancer Research$1,000,000
University of Pennsylvania School of MedicinePhiladelphia, PA501c3Cancer Research$1,000,000
University of Texas Southwestern Medical CenterDallas, TX501c3Cancer Research$1,000,000
Winship Cancer Institute of Emory UniversityAtlanta, GA501c3Cancer Research$1,000,000
Unc Lineberger Comprehensive Cancer CenterChapel Hill, NC501c3Cancer Research$900,000
Baylor College of MedicineHouston, TX501c3Cancer Research$800,000
Beth Israel Deaconess Medical CenterBoston, MA501c3Cancer Research$800,000
Columbia UniversityNew York, NY501c3Cancer Research$800,000
Masonic Cancer Centeruniversity of MinnesotaMinneapolis, MN501c3Cancer Research$800,000
Mays Cancer Center at Ut Health San AntonioSan Antonio, TX501c3Cancer Research$800,000
The University of Kansas Cancer CenterKansas City, KS501c3Cancer Research$800,000
University of California San FranciscoSan Francisco, CA501c3Cancer Research$800,000
University of KentuckyLexington, KY501c3Cancer Research$800,000
University of Maryland Marlene and Stewart Greenebaum Comprehensive CancerBaltimore, MD501c3Cancer Research$800,000
University of Texas Md Anderson Cancer CenterHouston, TX501c3Cancer Research$800,000
Upmc Hillman Cancer CenterPittsburgh, PA501c3Cancer Research$800,000
Brigham and Womens HospitalBoston, MA501c3Cancer Research$600,000
Dartmouth Cancer CenterLebanon, NH501c3Cancer Research$600,000
David H Koch Institute for Integrative Cancer Research at MitCambridge, MA501c3Cancer Research$600,000
Fox Chase Cancer CenterPhiladelphia, PA501c3Cancer Research$600,000
Holden Comprehensive Cancer CenterIowa City, IA501c3Cancer Research$600,000
ST JUDE CHILDREN'S RESEARCH HOSPITALMemphis, TN501c3Cancer Research$600,000
Sanford Burnham Prebys Medical Discovery InstituteLa Jolla, CA501c3Cancer Research$600,000
Stephenson Cancer Center at the University Oklahoma Health Sciences CenterOklahoma City, OK501c3Cancer Research$600,000
The Barbara Ann Karmanos Cancer InstituteRochester Hills, MI501c3Cancer Research$600,000
University of Florida Health Cancer CenterGainesville, FL501c3Cancer Research$600,000
University of Michigan Rogel Cancer CenterAnn Arbor, MI501c3Cancer Research$600,000
University of Wisconsin Carbone Cancer CenterMadison, WI501c3Cancer Research$600,000
Uva Cancer Centeruva Health SystemCharlottesville, VA501c3Cancer Research$600,000
Moffitt Cancer CenterTampa, FL501c3Cancer Research$442,000
Alvin J Siteman Cancer CenterSaint Louis, MO501c3Cancer Research$400,000
University of Arizona Cancer CenterTucson, AZ501c3Cancer Research$186,000
CHILDREN'S HOSPITAL OF PITTSBURGH (UPMC)Pittsburgh, PA501c3Cancer Research$120,000
Miami Cancer InstituteCoral Gables, FL501c3Cancer Research$84,000

International Summary

Offices
0
Employees
0
Spending
$3,400,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaGrants to Support Cancer ResearchGrants to Support Cancer Research00$3,400,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Operating Lease Liabilities$391,939
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Nicholas valvano, president emeritus, robert valvano, board director, and pamela valvano strasser, board chairwoman, have a family relationship.”

Form 990, Part VI, Section B, Line 11B

“The cfo, senior director of finance, and board treasurer review the form 990 in detail. A draft of form 990 is then provided to the board of directors for review prior to filing.”

Form 990, Part VI, Section B, Line 12C

“All board members and employees must sign a conflict of interest policy when they join the foundation, and they are required to sign it annually thereafter. The foundation relies upon voluntary reporting of any conflicts of interest. Any potential conflicts of interest are reviewed by the ceo of the v foundation or his/her designee, in consultation with the chair of the board as necessary. Any conflicts are handled privately and individually and may include broader disclosure of the conflict to a board committee, specifically if it relates to a financial interest. This creates a firewall regarding issues on which a board member or employee may be conflicted.”

Form 990, Part VI, Section B, Line 15

“The process for determining the compensation for the positions of ceo and any key management position includes engaging external consultants, including an executive search firm, to provide comparable market data from nationally available independent salary survey data. Final determination of a key management position's salary may also take into account economic conditions data and internal equity considerations. The compensation amounts are presented to an independent compensation committee of the v foundation board of directors for approval.”

Form 990, Part VI, Section C, Line 19

“The foundation publishes its audit report on its website. The foundation's governing documents and conflict of interest policy are available upon request.”

Form 990, Part VI, Line 8B

“The executive committee may act on behalf of the board in their absence. All such actions are ratified by the board when it next meets.”

Filing and Contact Details

Filer

Filer Name
The V Foundation
EIN
13-3705951
Phone
9193809505
Address
14600 WESTON PARKWAY, CARY, NC 27513

Signing Officer

Name
Devin Gilreath
Title
Chief Financial Officer
Phone
9193809505
Signed
2026-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Devin Gilreath
Formed
1993
Legal Domicile
De
Voting Board Members
42
Independent Board Members
41
Employees
91
Volunteers
60

Preparer

Firm
Blackman & Sloop Advisors Inc
Address
1414 RALEIGH ROAD SUITE 300, CHAPEL HILL, NC 27517
Preparer
Deetra B Watson
Phone
9199428700
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Bad debt expense -252,952.”

FORM 990, PART XII, LINE 2C:

“The foundation's audit committee has oversight for the audit of the financial statements. This has not changed from the prior year.”

Financial Statement Notes

PART V, LINE 4:

“The foundation's endowment consists of one individual fund established for providing long-term stability and utilization of its earnings for funding the operations of the foundation.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Bad debt expense 252,952.”

Raw XML AppendixShowing 400 of 1,865 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1THE IMAGINE GROUP LLC
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IRS990/Desc0IN FY 2025, THE FOUNDATION AWARDED 37 V SCHOLAR GRANTS TO IDENTIFY, RETAIN AND FURTHER THE CAREERS OF TALENTED YOUNG INVESTIGATORS, 17 GRANTS IN TRANSLATIONAL CLINICAL RESEARCH, 11 GAME-CHANGER (DESIGNATED) GRANTS INSPIRED BY PARTICULAR AREAS OF SCIENTIFIC INTEREST AND/OR GEOGRAPHIC REACH, 22 ALL-STAR GRANTS TO REINVEST IN PREVIOUS V SCHOLAR OR TRANSLATIONAL GRANT RECIPIENTS, AND 2 MISSON GRANTS SUPPORTING EDUCATIONAL PROJECTS TO ADVANCE RESEARCH PROCESSES. THESE GRANTS WERE AWARDS TO RESEARCHERS AT LEADING INSTITUTIONS ACROSS 27 STATES AND CANADA. THE V FOUNDATION ENSURES THAT RESOURCES REACH THE BEST AND MOST PROMISING CANCER RESEARCHERS AND PROJECTS. WE ASSURE DONORS THAT THEY ARE MAKING A SOUND INVESTMENT BECAUSE WE TAKE A STRATEGIC APPROACH TO OUR FUNDING. WE FOCUS ON EMERGING, HIGH-IMPACT OPPORTUNITIES AND ADDRESS CRITICAL KNOWLEDGE GAPS IN SCIENCE. WE REALIZE THAT, FOR SOMEONE AT RISK OF CANCER OR ALREADY BEING TREATED FOR IT, TIME IS CRITICAL. THERE IS NOT A MOMENT TO LOSE.
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IRS990/Form990PartVIISectionAGrp/PersonNm12JULIE CHASE
IRS990/Form990PartVIISectionAGrp/PersonNm13NANCY DAVIDSON MD
IRS990/Form990PartVIISectionAGrp/PersonNm14GEORGE W DENNIS III
IRS990/Form990PartVIISectionAGrp/PersonNm15RITA FERRO
IRS990/Form990PartVIISectionAGrp/PersonNm16MATT HONG
IRS990/Form990PartVIISectionAGrp/PersonNm17MICHAEL B KASTAN MD PHD
IRS990/Form990PartVIISectionAGrp/PersonNm18MICHAEL W KRZYZEWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm19CARL C LIEBERT III
IRS990/Form990PartVIISectionAGrp/PersonNm20FJ JOE LOUGHREY
IRS990/Form990PartVIISectionAGrp/PersonNm21NANCY MAJOR MD
IRS990/Form990PartVIISectionAGrp/PersonNm22JULIE MAPLES
IRS990/Form990PartVIISectionAGrp/PersonNm23MICHAEL C MACDONALD
IRS990/Form990PartVIISectionAGrp/PersonNm24GEOFFREY S MASON
IRS990/Form990PartVIISectionAGrp/PersonNm25MARC MENTRY
IRS990/Form990PartVIISectionAGrp/PersonNm26JOSEPH O MOORE MD
IRS990/Form990PartVIISectionAGrp/PersonNm27ROBERT C NAKASONE
IRS990/Form990PartVIISectionAGrp/PersonNm28WILLIAM NELSON MDPHD
IRS990/Form990PartVIISectionAGrp/PersonNm29BILL NEWLANDS
IRS990/Form990PartVIISectionAGrp/PersonNm30DONNA ORENDER
IRS990/Form990PartVIISectionAGrp/PersonNm31JAMES PITARO
IRS990/Form990PartVIISectionAGrp/PersonNm32KEVIN PLANK
IRS990/Form990PartVIISectionAGrp/PersonNm33BUSTER POSEY
IRS990/Form990PartVIISectionAGrp/PersonNm34LAWRENCE C PROBST III
IRS990/Form990PartVIISectionAGrp/PersonNm35HARRY E RHOADS JR
IRS990/Form990PartVIISectionAGrp/PersonNm36SAGE STEELE
IRS990/Form990PartVIISectionAGrp/PersonNm37STUART A TAYLOR II
IRS990/Form990PartVIISectionAGrp/PersonNm38JOHN W THIEL
IRS990/Form990PartVIISectionAGrp/PersonNm39ROBERT VALVANO
IRS990/Form990PartVIISectionAGrp/PersonNm40DICK VITALE
IRS990/Form990PartVIISectionAGrp/PersonNm41DERECK WHITTENBURG
IRS990/Form990PartVIISectionAGrp/PersonNm42DAVID W WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm43NORBY WILLIAMSON
IRS990/Form990PartVIISectionAGrp/PersonNm44CIARA WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm45RUSSELL WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm46DON YAEGER
IRS990/Form990PartVIISectionAGrp/PersonNm47SHANE JACOBSON
IRS990/Form990PartVIISectionAGrp/PersonNm48DEVIN GILREATH
IRS990/Form990PartVIISectionAGrp/PersonNm49SUSANNA GREER
IRS990/Form990PartVIISectionAGrp/PersonNm50LAUREN HALL
IRS990/Form990PartVIISectionAGrp/PersonNm51ROGER FERGUSON
IRS990/Form990PartVIISectionAGrp/PersonNm52JACKIE AANES
IRS990/Form990PartVIISectionAGrp/PersonNm53CHANDA JEANINE DOUGLAS WARD

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