Civic Intelligence

Targetcancer Foundation Inc.

990 • Fiscal year 2020 • EIN 26-4510094

Feb 01, 2019 to Jan 31, 2020 • Filed on Dec 14, 2020

Organization Profilewww.targetcancerfoundation.org
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

27th percentile

0.00x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

27th percentile

0.00x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

83rd percentile

36%

Higher net margin than 83% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

88th percentile

$101,587

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 14.2% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

91st percentile

105%

Faster asset growth than 91% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

91st percentile

86%

Faster revenue growth than 91% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$499,619

Up $255,997 (+105%) from 2019

Net Assets

Up

$499,619

Up $255,997 (+105%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin83rd percentile

Revenue

Up

$713,908

Up $330,084 (+86%) from 2019

Expenses

Up

$457,911

Up $111,930 (+32%) from 2019

Net Income

Up

$255,997

Up $218,154 (+576%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

2020

Assets$499,619
Liabilities$0
Net Assets$499,619
Open 2020 Filing

Operations Trend

Revenue Growth91st percentile

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

2020

Revenue$713,908
Expenses$457,911
Net Income$255,997
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Feb 1, 2019 to Jan 31, 2020
Signed
Dec 14, 2020
Return Version
2019v5.1
Gross Receipts
$780,512
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$240,781$448,282▲ $207,501
Cash and Non-Interest-Bearing Accounts$2,841$51,337▲ $48,496
Total Assets$243,622$499,619▲ $255,997
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$243,622$499,619▲ $255,997
Total Net Assets Fund Balance$243,622$499,619▲ $255,997
Total Liabilities and Net Assets / Fund Balance$243,622$499,619▲ $255,997
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James M PalmaExecutive DirectorFT$98,287$3,300$101,587
Kristen PalmaPresident/DirectorPT$18,333-$18,333

Board Members and Trustees

NameTitle
CJ ChapmanDirector
Colin CareyDirector
Janet Fine MSDirector
Jennifer Levin Carter MDDirector
Kristen Schuler ScammonDirector
Mary Pat LancelottaDirector
Samuel DavenportDirector
Alicemarie HandDirector (end March 2019)
Charles CheeverTreasurer/Director
Revenue and Support

Revenue Composition

Contributions and Grants
$657,046
Program Service Revenue
$33,000
Investment Income
$488
Other Revenue
$23,374
All Other Contributions
$304,944
Change in Net Assets
$255,997

Audited Revenue Reconciliation

Revenue per Audited Statements
$697,408
Revenue Not Reported on Financial Statements
$16,500
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$16,500
Total Revenue per Audited Statements
$697,408
Total Revenue per Form 990
$713,908
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$192,925
Other Expenses$172,486
Grants and Similar Amounts Paid$92,500
Total Fundraising Expense$43,531
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$73,553$30,647$18,388$122,588
Fees for Services Other$85,040$5,469$5,469$95,978
Grants to Domestic Orgs$90,000--$90,000
Other Salaries and Wages$33,976$14,156$8,494$56,626
Conferences and Meetings$27,769$1,227-$28,996
Occupancy$17,200$6,616$2,646$26,462
Payroll Taxes$8,226$3,428$2,057$13,711
Office Expenses$2,540$2,046$1,906$6,492
Travel-$5,932-$5,932
Advertising--$3,993$3,993
Fees for Services Accounting-$2,900-$2,900
Grants to Domestic Individuals$2,500--$2,500
Insurance$578$577$578$1,733
Total Functional Expenses$341,382$72,998$43,531$457,911

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$491,065
Expenses per Audited Statements$457,911
Total Expenses per Form 990$457,911
Expenses Not Reported on Form 990$33,154
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Massachusetts General Hospital Cancer CenterBoston, MA501(c)(3)To support laboratory research of cholangiocarcinoma$90,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$89,978
Fundraising Direct Expenses$66,604
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
TargetCancer Gala$442,080$89,978$11,069$78,909
Total Events$442,080$89,978$66,604$23,374
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
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
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, 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, 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
2020-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Palma
Formed
2009
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
8
Employees
3
Volunteers
30

Preparer

Firm
Baker Newman & Noyes
Address
PO Box 507, Portland, ME 04112
Preparer
Nicholas E Porto
Phone
2078792100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Consultancy: Program service expenses 85,040. Management and general expenses 0. Fundraising expenses 0. Total expenses 85,040. Administrative Services: Program service expenses 0. Management and general expenses 5,469. Fundraising expenses 5,469. Total expenses 10,938.”

Form 990, Part XII, Line 2C:

“The Organization's board of directors is charged with oversight of the audit process.”

Financial Statement Notes

Part X, Line 2:

“The Foundation is qualified under the provisions of Section 501(c)(3) of the Internal Revenue Code and is exempt from federal and state income taxes. Accordingly, there is no provision for income taxes within the financial statements. Tax-exempt organizations could be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items including unrelated business income or tax status. Under guidance issued by the Financial Accounting Standards Board (FASB), assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. Estimated interest and penalties, if applicable, related to uncertain tax positions are included as a component of income tax expense. The Foundation has evaluated the position taken on its filed tax returns. It has not taken, nor does it expect to take any uncertain tax positions in any income tax return.”

Part XI, Line 4B - Other Adjustments:

“Accrual to Cash Adjustment For Donations 16,500.”

Part XII, Line 2D - Other Adjustments:

“Accrual to Cash Adjustment For Expenses 33,154.”

Raw XML AppendixShowing 400 of 473 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/Desc0The specific purposes of the Organization are to raise awareness of and support for research into the rare cancers, and to directly support patients facing rare cancers. This was accomplished in the fiscal year by providing new research grants and through other programs. In 2019, TargetCancer Foundation provided $90,000 to support Dr. Nabeel Bardeesy's cholangiocarcinoma research at the Massachusetts General Hospital Cancer Center, representing the first payment of a $240,000 grant. This support marked the tenth year of an ongoing commitment totaling over $1 million to create a comprehensive cholangiocarcinoma research program at the Bardeesy lab, with a specific focus on the development of a cholangiocarcinoma cell line repository. With this grant, the repository will be fully moved into the public domain for the first time, enabling access to these critical tools for researchers around the world. In addition, on November 12-13, 2019, TargetCancer Foundation held the 3rd Think Tank on Advancing Gastroesophageal Cancer Research, a 2-day scientific meeting in Boston that united over 100 leading clinicians and scientists. This unique meeting is specifically designed to promote collaboration, information-sharing and idea generation in an effort to define research priorities, foster new collaborative efforts across institutions, and ultimately propel the field of gastroesophageal cancer research forward.In 2019, TargetCancer Foundation also made a significant investment in the development of a new rare cancer clinical trial called TCF-001 TRACK (Target Rare Cancer Knowledge). TRACK is a 400-patient clinical trial studying genomics and precision medicine in rare cancers. TRACK is developed, sponsored and managed by TargetCancer Foundation, and while this innovative initiative would launch in 2020, the development phase of the study took place throughout 2019.
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IRS990/OfficeExpensesGrp/FundraisingAmt01906
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02046
IRS990/OfficeExpensesGrp/ProgramServicesAmt02540
IRS990/OfficeExpensesGrp/TotalAmt06492
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08494
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt014156
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt033976
IRS990/OtherSalariesAndWagesGrp/TotalAmt056626
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02057
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03428
IRS990/PayrollTaxesGrp/ProgramServicesAmt08226
IRS990/PayrollTaxesGrp/TotalAmt013711
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0James Palma
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541700
IRS990/ProgramServiceRevenueGrp/Desc0Contract Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt033000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt033000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0383559
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0109970
IRS990/PYInvestmentIncomeAmt0265
IRS990/PYOtherExpensesAmt079530
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt037843
IRS990/PYSalariesCompEmpBnftPaidAmt0146795
IRS990/PYTotalExpensesAmt0345981
IRS990/PYTotalProfFndrsngExpnsAmt09686
IRS990/PYTotalRevenueAmt0383824
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0255997
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt033000
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0240781
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0448282
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0657046
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0383559
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0284540
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0255768
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0274259
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01855172
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0488
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0265
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0358
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0348
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0247
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01706
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt033000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt023374
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt058080
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0141557
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0134933
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0357944
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.77400
IRS990ScheduleA/PublicSupportPY170Pct00.69760
IRS990ScheduleA/PublicSupportTotal170Amt01714284
IRS990ScheduleA/SubstantialContributorsTotAmt0140888
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0657046
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0383559
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0284540
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0255768
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0274259
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01855172
IRS990ScheduleA/TotalSupportAmt02214822
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
IRS990ScheduleD/ExpensesNotReportedAmt033154
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0457911
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt033154
IRS990ScheduleD/OtherRevenuesNotIncludedAmt016500
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt016500
IRS990ScheduleD/RevenueSubtotalAmt0697408
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation is qualified under the provisions of Section 501(c)(3) of the Internal Revenue Code and is exempt from federal and state income taxes. Accordingly, there is no provision for income taxes within the financial statements. Tax-exempt organizations could be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items including unrelated business income or tax status. Under guidance issued by the Financial Accounting Standards Board (FASB), assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. Estimated interest and penalties, if applicable, related to uncertain tax positions are included as a component of income tax expense. The Foundation has evaluated the position taken on its filed tax returns. It has not taken, nor does it expect to take any uncertain tax positions in any income tax return.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Accrual to Cash Adjustment For Donations 16,500.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Accrual to Cash Adjustment For Expenses 33,154.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0457911
IRS990ScheduleD/TotalRevenuePerForm990Amt0713908
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0697408
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0491065
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt0551
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt0551
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0352102
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0352102
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt066604
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0629
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0629
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0TargetCancer Gala
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt026666
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt026666
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0442080
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0442080
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt089978
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt089978
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt023374
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt011069
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt011069
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt027689
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt027689
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt090000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To support laboratory research of cholangiocarcinoma
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Massachusetts General Hospital Cancer Center
IRS990ScheduleI/RecipientTable/RecipientEIN0041564655
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt055 Fruit Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Boston
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002114
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Foundation only awards organizational grants to 501(c)(3) public charities conducting cancer research.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Kristen Palma, 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, 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/ExplanationTxt5Consultancy: Program service expenses 85,040. Management and general expenses 0. Fundraising expenses 0. Total expenses 85,040. Administrative Services: Program service expenses 0. Management and general expenses 5,469. Fundraising expenses 5,469. Total expenses 10,938.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Organization's board of directors is charged with oversight of the audit process.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0243622
IRS990/TotalAssetsEOYAmt0499619
IRS990/TotalAssetsGrp/BOYAmt0243622
IRS990/TotalAssetsGrp/EOYAmt0499619
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0657046

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$499,619
Liabilities
$0
Net assets
$499,619
Revenue
$713,908
Expenses
$457,911
Net income
$255,997
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.00$1.02$1.26$0.84$0.42
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.00$0.52$0.68$0.80$0.12
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.00$0.65$0.85$0.70$0.14
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.00$0.47$0.51$0.47$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.00$0.43$0.52$0.59$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.71$0.46$0.26
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.00$0.24$0.38$0.35$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.22$0.00$0.22$0.34$0.37$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.25$0.00$0.25$0.40$0.31$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$0.37$0.29$0.08