Overview
What is Ohio Cancer Research Associates?
Ohio Cancer Research Associates (OCR) is a committed nonprofit organization situated in Columbus, Ohio. Their primary function is to grant essential seed funding to talented cancer researchers, supporting innovative ideas that eventually lead to saving, extending, and improving lives. These grants, chosen based on merit, enable investigators to collect necessary data to secure substantial funding from sources such as the National Institutes of Health. Approximately 95% of OCR's grant recipients secure additional funding subsequently. To date, OCR has granted over 8 million dollars, generating over 800 million dollars in additional funding for cancer research. OCR's mission is dedicated to curing and preventing cancer, as well as reducing its debilitating effects, by providing critical seed money for groundbreaking research ideas. The organization employs a team of 4 individuals in its mission.
Official website here: www.ohiocancer.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
Ohio Cancer Research Associates has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The rating is based solely on their Accountability & Finance beacon, indicating a strong focus on transparency and responsible financial practices. The organization scored particularly well in areas such as board independence, with 100% of board members being independent, and there were no material diversions of assets reported.
The charity excels in governance, having established comprehensive policies, including conflict of interest and whistleblower protections, all of which are publicly listed. Their financial metrics show a healthy program expense ratio of 69.11%, suggesting that the majority of funds are directed towards their core mission. However, the liabilities to assets ratio of 55.44% points to a potential area of concern regarding financial sustainability.
Overall, Ohio Cancer Research Associates appears to be effectively managed with a commitment to fiscal responsibility. While their high scores in governance and program expenses are promising, stakeholders should remain attentive to the organization's financial ratios to ensure continued stability and growth.
This AI summary has been generated from information found on Charity Navigator.
Is Ohio Cancer Research Associates legitimate?
Ohio Cancer Research Associates is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ohio Cancer Research Associates 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $194,720
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Official website here: www.ohiocancer.org
What is the mission statement of Ohio Cancer Research Associates?
Ohio Cancer Research Associates is committed to the cure and prevention of cancer. They achieve this by providing critical seed money for groundbreaking research ideas. This funding, awarded based on merit, enables researchers to gather essential data, potentially leading to significant additional funding from sources like the National Institutes of Health. Over 8 million dollars in grants awarded by Ohio Cancer Research Associates has generated over 800 million dollars for cancer research. The organization plays a crucial role in supporting foundational, new ideas in cancer research, ultimately saving, extending, and improving lives.
Official website here: www.ohiocancer.org
What is the revenue of Ohio Cancer Research Associates?
Ohio Cancer Research Associates's revenue in 2023 was $725,256.
Official website here: www.ohiocancer.org
Who are the executives of Ohio Cancer Research Associates and what are their salaries?
The average compensation at Ohio Cancer Research Associates during 2023 was $64,907. There are 3 employees at Ohio Cancer Research Associates.
Here are 8 key members and their salaries:
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- Compensation: $119,600
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- Other: $42,501
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Official website here: www.ohiocancer.org
Where can I find the form 990 for Ohio Cancer Research Associates?
Ohio Cancer Research Associates's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ohiocancer.org
Learn more at the official website: www.ohiocancer.org
Mission Statement of Ohio Cancer Research Associates
Ohio Cancer Research Associates (OCR) is committed to eradicating and preventing cancer through its mission. The organization focuses on providing essential seed money for innovative research ideas in the field of cancer, aiming to discover cures and reduce the debilitating effects of the disease. By funding groundbreaking research proposals, OCR allows investigators to gather crucial data, which in turn enables them to secure substantial funding from sources such as the National Institutes of Health. Over 8 million dollars in grants awarded by OCR have generated more than 800 million dollars in additional funding for cancer researchers, demonstrating the organization's significant impact in this critical field.
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Impact
July, 2024
Ohio Cancer Research Associates' impact is significant in advancing cancer research and ultimately saving lives. By providing critical seed grants to support groundbreaking research ideas, OCR has generated over $800 million in additional funding from other sources based on the success of its projects. This means that each dollar awarded by OCR results in an average of $100 in additional funding for cancer researchers. With a 95% rate of grant recipients receiving further funding, OCR is playing a vital role in accelerating the progress of cancer research and bringing us closer to finding a cure and prevention for this disease.
This information is meant to be a general summary of Ohio Cancer Research Associates. 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: $16,390
- Gross Receipts: $1,034,354
Assets and Liabilities:
- Total Assets: $366,928
- Total Liabilities: $230,428
- Net Assets: $136,500
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Organization Details
Founding Year
1982
Principal Officer
William R Boggess
Website
www.ohiocancer.orgNTEE Category
Code: H30Z - Medical research
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