Civic Intelligence

Targetcancer Foundation Inc.

990 • Fiscal year 2017 • EIN 26-4510094

Feb 01, 2016 to Jan 31, 2017 • Filed on Dec 12, 2017

955 Massachusetts Avenue No 343Cambridge, MA 02139

(617) 765-4881

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

78th percentile

22%

Higher net margin than 78% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

96th percentile

$74,100

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 18.6% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

85th percentile

55%

Faster asset growth than 85% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

61st percentile

8.8%

Faster revenue growth than 61% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$247,936

Up $88,270 (+55%) from 2016

Net Assets

Up

$247,936

Up $88,270 (+55%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$397,673

Up $32,134 (+8.8%) from 2016

Expenses

Up

$309,403

Up $24,313 (+8.5%) from 2016

Net Income

Up

$88,270

Up $7,821 (+9.7%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2016: $159,666Liabilities 2016: $0Net Assets 2016: $159,6662016Assets 2017: $247,936Liabilities 2017: $0Net Assets 2017: $247,9362017Assets 2018: $224,111Liabilities 2018: $0Net Assets 2018: $224,1112018Assets 2019: $243,622Liabilities 2019: $0Net Assets 2019: $243,6222019Assets 2020: $499,619Liabilities 2020: $0Net Assets 2020: $499,6192020Assets 2021: $429,267Liabilities 2021: $0Net Assets 2021: $429,2672021Assets 2022: $472,447Liabilities 2022: $0Net Assets 2022: $472,4472022Assets 2023: $645,131Liabilities 2023: $0Net Assets 2023: $645,1312023Assets 2024: $523,908Liabilities 2024: $0Net Assets 2024: $523,9082024Assets 2025: $1,016,178Liabilities 2025: $0Net Assets 2025: $1,016,1782025

Highlighted filing

2017

Assets$247,936
Liabilities$0
Net Assets$247,936

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2016: $365,539Expenses 2016: $285,090Net Income 2016: $80,4492016Revenue 2017: $397,673Expenses 2017: $309,403Net Income 2017: $88,2702017Revenue 2018: $342,978Expenses 2018: $366,803Net Income 2018: -$23,8252018Revenue 2019: $383,824Expenses 2019: $345,981Net Income 2019: $37,8432019Revenue 2020: $713,908Expenses 2020: $457,911Net Income 2020: $255,9972020Revenue 2021: $522,987Expenses 2021: $593,339Net Income 2021: -$70,3522021Revenue 2022: $510,511Expenses 2022: $467,331Net Income 2022: $43,1802022Revenue 2023: $846,106Expenses 2023: $704,653Net Income 2023: $141,4532023Revenue 2024: $676,451Expenses 2024: $797,674Net Income 2024: -$121,2232024Revenue 2025: $1,261,609Expenses 2025: $839,048Net Income 2025: $422,5612025

Highlighted filing

2017

Revenue$397,673
Expenses$309,403
Net Income$88,270
Jump To
Filing Snapshot
Filing Period
Feb 1, 2016 to Jan 31, 2017
Signed
Dec 12, 2017
Return Version
2016v3.0
Gross Receipts
$441,295
Mission and Program Overview

Mission

TargetCancer Foundation promotes the development of lifesaving treatment protocols for rare cancers. TargetCancer Foundation directly supports initiatives at the forefront of cancer treatment by funding innovative research, fostering collaborations, and raising awareness among scientists, clinicians, and patients.

Support for research into the causes and treatments of rare cancers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$157,918$246,524▲ $88,606
Cash and Non-Interest-Bearing Accounts$1,748$1,412▼ $336
Total Assets$159,666$247,936▲ $88,270
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$159,666$247,936▲ $88,270
Total Net Assets Fund Balance$159,666$247,936▲ $88,270
Total Liabilities and Net Assets / Fund Balance$159,666$247,936▲ $88,270
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James M PalmaExecutive DirectorFT$71,100$3,000$74,100

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$255,768
Program Service Revenue
$0
Investment Income
$348
Other Revenue
$141,557
All Other Contributions
$187,809
Change in Net Assets
$88,270
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$197,170
Salaries, Compensation, and Employee Benefits$80,874
Other Expenses$31,359
Total Fundraising Expense$28,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$197,170--$197,170
Current Officers, Directors, Trustees, and Key Employees$37,050$18,525$18,525$74,100
Occupancy$5,491$5,491$5,491$16,473
Payroll Taxes$3,387$1,694$1,693$6,774
Fees for Services Accounting-$5,500-$5,500
Travel-$4,089-$4,089
Office Expenses$1,099$1,093$1,093$3,285
Advertising--$1,032$1,032
Insurance$167$167$166$500
Conferences and Meetings-$480-$480
Total Functional Expenses$244,364$37,039$28,000$309,403
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Dana-Farber Cancer InstituteBoston, MA501(c)(3)In support of esophageal cancer research and clinical trial$149,920
Massachusetts General Hospital Cancer CenterBoston, MA501(c)(3)To support laboratory research of cholangiocarcinoma$44,750
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$185,179
Fundraising Direct Expenses$43,622
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
TargetCancer Gala$251,006$183,106$2,139$180,967
Total Events$251,006$183,106$42,728$140,378
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
No
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

Kristen Palma Poth, President/Director, and James Palma, Executive Director, have a family relationship.

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

The original annual Form 990 (along with a copy for them to retain for their records), as prepared by an independent public accounting firm, is submitted to the President, Kristen Palma Poth, for her review and signature prior to filing with the IRS. At that same time, a copy of Form 990 is also provided to the Executive Director, James Palma, for his review so any comments, questions, or concerns he may have can be raised before the original signed form is filed.

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

In accordance with Articles VI and VII of the Organization's bylaws, annual statements and periodic reviews are conducted to ensure compliance with the conflict of interest policy.

Form 990, Part VI, Section B, line 15A

Independent members of the board of directors review and approve the annual salary of the Executive Director and sole employee James Palma based on comparable salaries of similarly situated persons performing similar duties of similar size non-profit organizations.

Form 990, Part VI, Section C, line 19

The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
TargetCancer Foundation Inc
EIN
26-4510094
Phone
6177654881
Address
955 Massachusetts Avenue No 343, Cambridge, MA 02139

Signing Officer

Name
James Palma
Title
Executive Director
Phone
6177654881
Signed
2017-12-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Palma
Formed
2009
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
12
Employees
1
Volunteers
25

Preparer

Firm
Baker Newman & Noyes
Address
175 FEDERAL STREET SUITE 970, BOSTON, MA 02110
Preparer
Nicholas E Porto
Phone
6175563900
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IRS990/Form990PartVIISectionAGrp/PersonNm4Mary Pat Lancelotta
IRS990/Form990PartVIISectionAGrp/PersonNm5Samuel Davenport
IRS990/Form990PartVIISectionAGrp/PersonNm6Janet Fine MS
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IRS990/PYTotalExpensesAmt0285090
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0365539
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt088270
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0157918
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0246524
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0255768
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0274259
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0159065
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0151601
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0189024
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01029717
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0348
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0247
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0162
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0291
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0129
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01177
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0141557
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0134933
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0113859
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt038359
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt063703
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0492411
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.53680
IRS990ScheduleA/PublicSupportPY170Pct00.64200
IRS990ScheduleA/PublicSupportTotal170Amt0817639
IRS990ScheduleA/SubstantialContributorsTotAmt0212078
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0255768
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0274259
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0159065
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0151601
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0189024
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01029717
IRS990ScheduleA/TotalSupportAmt01523305
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt067900
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt067900
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt042728
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0811
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0811
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0TargetCancer Gala
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt032561
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt032561
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0251006
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0251006
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0183106
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0183106
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0140378
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02139
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02139
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt07217
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt07217
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt044750
IRS990ScheduleI/RecipientTable/CashGrantAmt1149920
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To support laboratory research of cholangiocarcinoma
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1In support of esophageal cancer research and clinical trial
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Massachusetts General Hospital Cancer Center
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Dana-Farber Cancer Institute
IRS990ScheduleI/RecipientTable/RecipientEIN0041564655
IRS990ScheduleI/RecipientTable/RecipientEIN1042263040
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt055 Fruit Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1450 Brookline Avenue
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Boston
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Boston
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002114
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd102215
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Foundation only awards grants to 501(c)(3) public charities. Additional monitoring is not deemed necessary.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Kristen Palma Poth, President/Director, and James Palma, Executive Director, have a family relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The original annual Form 990 (along with a copy for them to retain for their records), as prepared by an independent public accounting firm, is submitted to the President, Kristen Palma Poth, for her review and signature prior to filing with the IRS. At that same time, a copy of Form 990 is also provided to the Executive Director, James Palma, for his review so any comments, questions, or concerns he may have can be raised before the original signed form is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2In accordance with Articles VI and VII of the Organization's bylaws, annual statements and periodic reviews are conducted to ensure compliance with the conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Independent members of the board of directors review and approve the annual salary of the Executive Director and sole employee James Palma based on comparable salaries of similarly situated persons performing similar duties of similar size non-profit organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0159666
IRS990/TotalAssetsEOYAmt0247936
IRS990/TotalAssetsGrp/BOYAmt0159666
IRS990/TotalAssetsGrp/EOYAmt0247936
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0255768
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt028000
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037039
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0244364
IRS990/TotalFunctionalExpensesGrp/TotalAmt0309403
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00

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