Overview
What is Texas Oncology Foundation Inc?
Texas Oncology Foundation Inc, based in Dallas, Texas, is a nonprofit organization dedicated to supporting individuals undergoing cancer treatment. Their mission encompasses conducting cancer research, providing educational resources, and offering financial assistance to eligible applicants. The Patient Assistance program, in particular, aids those facing additional living expenses due to their medical condition and financial needs. With active funds in 37 communities, the foundation aims to alleviate some of the burdens associated with cancer treatment. The organization operates under religious, charitable, scientific, literary, and educational purposes, and qualifies as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. With a modest workforce of two employees, Texas Oncology Foundation Inc is committed to making a difference in the lives of cancer patients.
Official website here: www.texasoncologyfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Texas Oncology Foundation Inc has achieved an 81% score, which translates to a Three-Star rating on Charity Navigator, reflecting its strong accountability and financial health. The score is based entirely on the Accountability & Finance metrics, indicating that the organization has successfully met the criteria necessary for transparency and responsible management of funds.
One of the foundation's notable strengths is its governance structure, with 100% of its board members being independent, which is critical for unbiased decision-making. Additionally, the organization has no reported material diversion of assets, ensuring that contributions are utilized for their intended purposes. The foundation also adheres to multiple policies that promote transparency and ethical behavior, including a conflict of interest policy and a whistleblower policy.
While the foundation shows a strong program expense ratio of 70.20%, indicating that a significant portion of its funds is directed towards its mission-driven programs, potential donors might consider monitoring how this translates into tangible outcomes in the community it serves. Overall, Texas Oncology Foundation Inc demonstrates solid financial practices, but ongoing assessment of its programmatic effectiveness would be beneficial for a complete understanding of its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Texas Oncology Foundation Inc legitimate?
Texas Oncology Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Oncology Foundation Inc 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: $177,740
Professional Fundraising Fees: $0
Other Salaries and Wages: $133,701
For more financial information, click here
Official website here: www.texasoncologyfoundation.org
What is the mission statement of Texas Oncology Foundation Inc?
The Texas Oncology Foundation Inc is established with a mission to engage in cancer research, patient and community education, and providing financial assistance. Operating for religious, charitable, scientific, literary, and educational purposes, this organization distributes funds to exempt organizations as per the Internal Revenue Code of 1986. Its primary objectives include conducting cancer research, educating the public and cancer patients, and offering financial aid. The foundation also supports organizations that fall under the Section 501(C)(3) of the Internal Revenue Code.
Official website here: www.texasoncologyfoundation.org
What is the revenue of Texas Oncology Foundation Inc?
Texas Oncology Foundation Inc's revenue in 2023 was $1,254,018.
Official website here: www.texasoncologyfoundation.org
Who are the executives of Texas Oncology Foundation Inc and what are their salaries?
The average compensation at Texas Oncology Foundation Inc during 2023 was $103,814. There are 3 employees and 125 volunteers at Texas Oncology Foundation Inc.
Here are 5 key members and their salaries:
- Compensation: $145,679
- Related: $0
- Other: $37,410
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.texasoncologyfoundation.org
Where can I find the form 990 for Texas Oncology Foundation Inc?
Texas Oncology Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.texasoncologyfoundation.org
Learn more at the official website: www.texasoncologyfoundation.org
Mission Statement of Texas Oncology Foundation Inc
Texas Oncology Foundation, a nonprofit organization, is established with a mission to serve a trio of purposes: cancer research, community and patient education, and financial aid. Its objectives are aligned with religious, charitable, scientific, literary, and educational principles, as outlined in Section 501(C)(3) of the Internal Revenue Code of 1986. The foundation's primary goal is to distribute funds to other qualified exempt organizations, further enhancing its commitment to cancer-related causes. Texas Oncology Foundation's mission is to contribute to the betterment of cancer patients and their communities by conducting research, providing education, and offering financial assistance.
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Impact
July, 2024
Texas Oncology Foundation Inc's impact is significant in the realm of cancer research, patient and community education and support, and financial assistance. The organization operates with the intention of conducting cancer research, providing support and education to patients and communities, and offering financial assistance to those undergoing cancer treatment. Specifically, their Patient Assistance program helps individuals with additional living expenses during their cancer treatment, with eligibility determined based on medical condition and financial need. With active funds in 37 communities, Texas Oncology Foundation Inc plays a crucial role in supporting cancer patients and advancing medical research in the field.
This information is meant to be a general summary of Texas Oncology Foundation Inc. 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: $52,612
- Gross Receipts: $1,362,131
Assets and Liabilities:
- Total Assets: $2,414,036
- Total Liabilities: $22,848
- Net Assets: $2,391,188
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Organization Details
Founding Year
1997
Principal Officer
J Ernest Sims
NTEE Category
Code: H30 - Medical research
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