Ludwig Institute For Cancer Research Ltd

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237121131 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Ludwig Institute For Cancer Research Ltd?

The Ludwig Institute for Cancer Research Ltd is a global, non-profit organization based in New York City. With 79 dedicated employees, their mission is to enhance our understanding and control of cancer through both laboratory and clinical research. This international institute is dedicated to preventing and combating cancer through an integrated research approach. They are headquartered at 600 Third Avenue, 32nd Floor, New York, NY 10016. Their commitment to their cause is reflected in their ongoing research efforts.


Official website here: www.ludwigcancerresearch.org

What are the reviews and ratings of this charity?

Charity Navigator rating: 81% (Three-Star out of Four Stars)

The Ludwig Institute For Cancer Research Ltd has received a Three-Star rating from Charity Navigator, indicating a solid performance in its accountability and financial practices. The organization scored 81% in the Accountability & Finance category, which reflects its commitment to transparency and responsible management of funds. Notably, the organization has an independent board comprised of 75% independent members and maintains high standards in areas such as financial oversight, conflict of interest policies, and document retention.

Strengths of the organization include a high program expense ratio of approximately 79.67%, suggesting that a significant portion of its resources are directed towards its mission-related activities. The presence of comprehensive policies, including whistleblower and conflict of interest policies, further supports its commitment to ethical governance. Additionally, the organization ensures the availability of meeting minutes and financial statements, reinforcing its transparency efforts.

While the rating is commendable, the organization could benefit from enhancing public engagement and visibility to further boost its overall score. Continuous improvement in operational efficiency and program impact measurement may also contribute to higher ratings in the future, solidifying its reputation as a trusted nonprofit in the cancer research sector.


This AI summary has been generated from information found on Charity Navigator.

Is Ludwig Institute For Cancer Research Ltd legitimate?

Ludwig Institute For Cancer Research Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ludwig Institute For Cancer Research Ltd 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: $3,647,969
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,801,098

For more financial information, click here


Official website here: www.ludwigcancerresearch.org

What is the mission statement of Ludwig Institute For Cancer Research Ltd?

The Ludwig Institute for Cancer Research Ltd is a global, non-profit organization dedicated to advancing the understanding and control of cancer through intensive laboratory and clinical research. Committed to preventing and controlling cancer, the institute conducts scientific studies with a goal to translate findings into effective clinical applications. The Ludwig Institute's research mission encompasses both fundamental scientific inquiry and translational applications, with the ultimate aim of making a significant impact on cancer prevention and treatment.


Official website here: www.ludwigcancerresearch.org

Who is the CEO of Ludwig Institute For Cancer Research Ltd?

Edward A Mcdermott Jr is the Group Leader of Ludwig Institute For Cancer Research Ltd.


Official website here: www.ludwigcancerresearch.org

What is the revenue of Ludwig Institute For Cancer Research Ltd?

Ludwig Institute For Cancer Research Ltd's revenue in 2022 was $102,443,688.


Official website here: www.ludwigcancerresearch.org

Who are the executives of Ludwig Institute For Cancer Research Ltd and what are their salaries?

The average compensation at Ludwig Institute For Cancer Research Ltd during 2022 was $246,191. There are 79 employees at Ludwig Institute For Cancer Research Ltd.


Here are 19 key members and their salaries:


Dr Don Cleveland (Group Leader)
  • Compensation: $1,140,218
  • Related: $0
  • Other: $71,235
Dr Chi Van Dang (Director, Scientific Director)
  • Compensation: $1,017,288
  • Related: $0
  • Other: $70,763
Edward A Mcdermott Jr (Director, President)
  • Compensation: $0
  • Related: $916,361
  • Other: $101,470
Dr Richard Kolodner (Group Leader)
  • Compensation: $877,903
  • Related: $0
  • Other: $75,621
Dr Jonathan Skipper (Exec Vice-Pres Tech Develop.)
  • Compensation: $766,905
  • Related: $0
  • Other: $71,877
Dr Bing Ren (Group Leader)
  • Compensation: $724,603
  • Related: $0
  • Other: $79,101
Dr Ralph Venhaus (Chief Medical Officer)
  • Compensation: $536,028
  • Related: $0
  • Other: $71,763
Thomas Baenninger (Chief Financial Officer)
  • Compensation: $486,505
  • Related: $0
  • Other: $109,936
Arshad Desai (Group Leader)
  • Compensation: $529,700
  • Related: $0
  • Other: $53,700
George Coukos (Branch Director)
  • Compensation: $383,674
  • Related: $0
  • Other: $86,799
Xin Lu (Branch Director)
  • Compensation: $366,682
  • Related: $0
  • Other: $48,226
Patrice Morin (Deputy Scient. Dir. (Since Aug)
  • Compensation: $136,887
  • Related: $0
  • Other: $16,109
John L Notter (Director, Board Chairperson)
  • Compensation: $27,259
  • Related: $123,876
  • Other: $0
John D Gordan Iii (Director)
  • Compensation: $10,384
  • Related: $78,876
  • Other: $0
Dr Nancy Ellen Davidson (Director)
  • Compensation: $10,384
  • Related: $30,000
  • Other: $0
Olivier R E Dunant (Director, Vice-Chair)
  • Compensation: $10,384
  • Related: $30,000
  • Other: $0
Judge Barbara S Jones (Director)
  • Compensation: $10,384
  • Related: $30,000
  • Other: $0
Alexandra Johnson (Director)
  • Compensation: $10,384
  • Related: $30,000
  • Other: $0
Dr Philip A Pizzo (Director (To Aug. 2022))
  • Compensation: $6,923
  • Related: $20,000
  • Other: $0


Official website here: www.ludwigcancerresearch.org

Where can I find the form 990 for Ludwig Institute For Cancer Research Ltd?

Ludwig Institute For Cancer Research Ltd's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ludwigcancerresearch.org

Learn more at the official website: www.ludwigcancerresearch.org

Mission Statement of Ludwig Institute For Cancer Research Ltd

The Ludwig Institute for Cancer Research Ltd is a globally recognized non-profit organization with a mission to deepen the comprehension and mastery of cancer through combined laboratory and clinical research. This international institute is dedicated to the prevention and control of cancer through innovative scientific discoveries and their subsequent clinical applications. The organization's commitment to this cause stems from its belief that integrating research in the lab and the clinic is crucial for making strides in the fight against cancer.

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Impact




October, 2024

The Ludwig Institute for Cancer Research Ltd plays a vital role in advancing the understanding and treatment of cancer through its rigorous laboratory and clinical research initiatives. By focusing on the integration of both laboratory and clinical studies, the institute seeks to translate scientific discoveries into effective cancer therapies. Its commitment to exploring innovative approaches enhances the knowledge base surrounding cancer biology and contributes to the development of new and improved treatments. The impact of the Ludwig Institute is felt globally, as it collaborates with various institutions and experts in the field, driving forward the quest for breakthroughs that can lead to better cancer prevention and control strategies.




This information is meant to be a general summary of Ludwig Institute For Cancer Research Ltd. 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.

Revenue
$102,443,688 (2022)
Expenses
$107,869,697 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,836
  • Gross Receipts: $102,443,688

Assets and Liabilities:

  • Total Assets: $21,583,740
  • Total Liabilities: $19,553,709
  • Net Assets: $2,030,031

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Organization Details

Founding Year

1971

Principal Officer

Edward A Mcdermott Jr

Main Address

600 Third Avenue 32nd Floor, New York, NY, 10016

NTEE Category

Code: H30 - Medical research

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