Overview
What is Commonwealth Foundation For Cancer Research?
The Commonwealth Foundation for Cancer Research is a compassionate charitable organization based in Richmond, Virginia. As a supporting entity for the Community Foundation Inc., it operates under the umbrella of Section 501(c)(3) of the Internal Revenue Code. Driven by its mission, the Commonwealth Foundation focuses on providing essential funding for cancer research, aiming to enhance lives and make a significant impact.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Commonwealth Foundation For Cancer Research has received an 80% rating from Charity Navigator, which translates to a Three-Star rating. This score is derived solely from its accountability and finance metrics, demonstrating that the organization maintains a strong focus on financial integrity and transparency. The foundation's excellent performance in areas such as financial oversight and conflict of interest policies reflects its commitment to responsible governance.
Strengths highlighted in the data include a perfect score for financial statements and a high program expense ratio of 99.27%, indicating that nearly all resources are directed towards its mission rather than administrative costs. The foundation also showcases robust practices in areas such as board oversight and CEO compensation disclosure, contributing to its strong accountability rating.
However, while the overall financial health appears solid, the rating is based solely on the accountability and finance beacon, which means that other potential aspects of the organization’s impact and effectiveness are not evaluated in this score. This could suggest a need for more comprehensive assessments to gain a full picture of the foundation's operational success and programmatic outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Commonwealth Foundation For Cancer Research legitimate?
Commonwealth Foundation For Cancer Research is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commonwealth Foundation For Cancer Research submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $40,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Commonwealth Foundation For Cancer Research?
The Commonwealth Foundation for Cancer Research is a charitable organization committed to advancing cancer research through financial support. It operates as a supporting entity for the Community Foundation Inc., a 501(c)(3) tax-exempt organization. Dedicated to enhancing lives, this foundation focuses on funding projects aimed at cancer discoveries and treatments.
What is the revenue of Commonwealth Foundation For Cancer Research?
Commonwealth Foundation For Cancer Research's revenue in 2023 was $102,323,363.
Who are the executives of Commonwealth Foundation For Cancer Research and what are their salaries?
There 3 volunteers at Commonwealth Foundation For Cancer Research.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $12,500
- Related: $0
- Other: $0
- Compensation: $27,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Commonwealth Foundation For Cancer Research?
Commonwealth Foundation For Cancer Research's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Commonwealth Foundation For Cancer Research
The Commonwealth Foundation for Cancer Research is a philanthropic organization with a noble mission to sponsor research intended to combat cancer. Established as a supporting entity for the Community Foundation Inc., this nonprofit operates under the tax-exempt status defined by section 501(c)(3) of the Internal Revenue Code.
The Commonwealth Foundation for Cancer Research stands out as a beacon of hope for those affected by cancer, with its primary aim to enhance lives through groundbreaking research. In simple terms, its purpose is to fund projects dedicated to unraveling the enigmas surrounding this devastating disease, ultimately leading to advancements in prevention, diagnosis, and treatment.
This dedicated organization is a vital player in the broader fight against cancer. By devoting its resources to fostering scientific inquiry, it contributes to the collective knowledge and progress within the field. In turn, this commitment to research paves the way for potential life-changing discoveries and innovations, ultimately benefiting countless individuals and families impacted by cancer.
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Impact
October, 2024
Commonwealth Foundation for Cancer Research has a significant impact on the fight against cancer through its dedicated funding for essential research. By supporting innovative studies and projects, the foundation plays a crucial role in advancing scientific knowledge and improving treatment options for cancer patients.
Located in Richmond, Virginia, the foundation’s efforts focus on enhancing the understanding of cancer and supporting breakthroughs that can lead to improved patient outcomes. This commitment not only fosters advancements in medical research but also directly contributes to the broader goal of alleviating the burden of cancer on individuals and families. Through its financial support, the foundation helps create a path towards more effective therapies and potentially lifesaving interventions, making a meaningful difference in the lives of those affected by cancer.
This information is meant to be a general summary of Commonwealth Foundation For Cancer Research. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,559,028
- Gross Receipts: $122,254,416
Assets and Liabilities:
- Total Assets: $34,835,660
- Total Liabilities: $91,031
- Net Assets: $34,744,629
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Organization Details
Founding Year
2002
Principal Officer
William H Goodwin Jr
NTEE Category
Code: H12 - Medical research
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