Civic Intelligence

Targetcancer Foundation Inc.

990 • Fiscal year 2023 • EIN 26-4510094

Feb 01, 2022 to Jan 31, 2023 • Filed on Dec 15, 2023

Organization Profilewww.targetcancerfoundation.org
955 Massachusetts Avenue 343Cambridge, MA 02139

(617) 765-4881

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.00x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

70th percentile

17%

Higher net margin than 70% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

93rd percentile

$143,074

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 16.9% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

84th percentile

37%

Faster asset growth than 84% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

85th percentile

66%

Faster revenue growth than 85% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$645,131

Up $172,684 (+37%) from 2022

Net Assets

Up

$645,131

Up $172,684 (+37%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin70th percentile

Revenue

Up

$846,106

Up $335,595 (+66%) from 2022

Expenses

Up

$704,653

Up $237,322 (+51%) from 2022

Net Income

Up

$141,453

Up $98,273 (+228%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth84th 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

2023

Assets$645,131
Liabilities$0
Net Assets$645,131
Open 2023 Filing

Operations Trend

Revenue Growth85th 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

2023

Revenue$846,106
Expenses$704,653
Net Income$141,453
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Feb 1, 2022 to Jan 31, 2023
Signed
Dec 15, 2023
Return Version
2022v5.0
Gross Receipts
$908,605
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$414,961$559,867▲ $144,906
Cash and Non-Interest-Bearing Accounts$57,486$85,264▲ $27,778
Total Assets$472,447$645,131▲ $172,684
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$472,447$645,131▲ $172,684
Total Net Assets Fund Balance$472,447$645,131▲ $172,684
Total Liabilities and Net Assets / Fund Balance$472,447$645,131▲ $172,684
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James M PalmaExecutive DirectorFT$139,774$3,300$143,074
Kristen PalmaPresident/DirectorPT$18,317$10,597$28,914

Board Members and Trustees

NameTitle
Andrea SullivanDirector
CJ ChapmanDirector
Janet Fine MSDirector
Jennifer Levin Carter MDDirector
Jerry AldermanDirector
Kristen Schuler ScammonDirector
Mary Pat LancelottaDirector
Samuel DavenportDirector
Colin CareyTreasurer/Director
Revenue and Support

Revenue Composition

Contributions and Grants
$841,881
Program Service Revenue
$0
Investment Income
$1,819
Other Revenue
$2,406
All Other Contributions
$501,006
Change in Net Assets
$141,453

Audited Revenue Reconciliation

Revenue per Audited Statements
$846,106
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$67,673
Total Revenue per Audited Statements
$913,779
Total Revenue per Form 990
$846,106
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$311,261
Salaries, Compensation, and Employee Benefits$293,392
Grants and Similar Amounts Paid$100,000
Total Fundraising Expense$87,754
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$103,855$43,273$25,964$173,092
Fees for Services Other$96,297$41,281$20,726$158,304
Grants to Domestic Orgs$100,000--$100,000
Other Salaries and Wages$46,918$24,930$26,391$98,239
Conferences and Meetings$65,682--$65,682
Office Expenses$36,890$1,756$4,250$42,896
Occupancy$12,236$4,303$4,303$20,842
Payroll Taxes$11,858$4,941$2,965$19,764
Fees for Services Accounting-$9,926-$9,926
Information Technology$4,744$1,668$1,668$8,080
Insurance$2,360$830$830$4,020
Other Employee Benefits$1,378$574$345$2,297
Advertising$887$312$312$1,511
Total Functional Expenses$483,105$133,794$87,754$704,653

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$772,326
Expenses per Audited Statements$704,653
Total Expenses per Form 990$704,653
Expenses Not Reported on Form 990$67,673
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Massachusetts General HospitalBoston, MA501(c)(3)Cancer Center$100,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$64,905
Fundraising Direct Expenses$62,499
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$405,780$64,905$10,609$54,296
Total Events$405,780$64,905$62,499$2,406
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 all other employees of the organization 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 343, Cambridge, MA 02139

Signing Officer

Name
James Palma
Title
Executive Director
Phone
6177654881
Signed
2023-12-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Palma
Formed
2009
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
9
Employees
4
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 96,297. Management and general expenses 41,281. Fundraising expenses 20,726. Total expenses 158,304.”

Form 990, Part XI, line 9:

“Accrual To Cash 31,231.”

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 2D - Other Adjustments:

“Fundraising Event Expenses 62,499. Travel Reimbursements 5,174.”

Part XII, Line 2D - Other Adjustments:

“Fundraising Event Expenses 62,499. Travel Reimbursements 5,174.”

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IRS990/OccupancyGrp/TotalAmt020842
IRS990/OfficeExpensesGrp/FundraisingAmt04250
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01756
IRS990/OfficeExpensesGrp/ProgramServicesAmt036890
IRS990/OfficeExpensesGrp/TotalAmt042896
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt031231
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0345
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0574
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01378
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02297
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt026391
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt024930
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt046918
IRS990/OtherSalariesAndWagesGrp/TotalAmt098239
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02965
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04941
IRS990/PayrollTaxesGrp/ProgramServicesAmt011858
IRS990/PayrollTaxesGrp/TotalAmt019764
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0James Palma
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0510048
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt010000
IRS990/PYInvestmentIncomeAmt0463
IRS990/PYOtherExpensesAmt0236929
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt043180
IRS990/PYSalariesCompEmpBnftPaidAmt0220402
IRS990/PYTotalExpensesAmt0467331
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0510511
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0141453
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0414961
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0559867
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0841881
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0510048
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0522520
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0657046
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0383559
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02915054
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01819
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0463
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0467
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0488
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0265
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03502
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt033000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt023374
IRS990ScheduleA/OtherIncome170Grp/TotalAmt023374
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.81920
IRS990ScheduleA/PublicSupportPY170Pct00.84580
IRS990ScheduleA/PublicSupportTotal170Amt02409917
IRS990ScheduleA/SubstantialContributorsTotAmt0505137
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0841881
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0510048
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0522520
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0657046
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0383559
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02915054
IRS990ScheduleA/TotalSupportAmt02941930
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/ExpensesNotReportedAmt067673
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0704653
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt067673
IRS990ScheduleD/OtherRevenueAmt067673
IRS990ScheduleD/RevenueNotReportedAmt067673
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0846106
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/ExplanationTxt1Fundraising Event Expenses 62,499. Travel Reimbursements 5,174.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Fundraising Event Expenses 62,499. Travel Reimbursements 5,174.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0704653
IRS990ScheduleD/TotalRevenuePerForm990Amt0846106
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0913779
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0772326
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0340875
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0340875
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt062499
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0629
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0629
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Gala
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt028731
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt028731
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0405780
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0405780
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt064905
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt064905
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt02406
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt010609
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt010609
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt022530
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt022530
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0100000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Cancer Center
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Massachusetts General Hospital
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
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 all other employees of the organization 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 96,297. Management and general expenses 41,281. Fundraising expenses 20,726. Total expenses 158,304.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Accrual To Cash 31,231.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The 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 XI, line 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 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/TotalAssetsBOYAmt0472447
IRS990/TotalAssetsEOYAmt0645131
IRS990/TotalAssetsGrp/BOYAmt0472447
IRS990/TotalAssetsGrp/EOYAmt0645131
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0841881

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$645,131
Liabilities
$0
Net assets
$645,131
Revenue
$846,106
Expenses
$704,653
Net income
$141,453
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
2023Detailed filing. Detailed filing data is available for this year.$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
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$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