Dana-Farber Cancer Institute
- Assets
- $3.9b
- Revenue
- $2.0b
- Investments
- $0.0
- Employees
- 6,996
- Location
- Boston, MA
- Founding
- 04/1962
- Data as of
- 09/2020
- EIN
- 04-2263040
Organization Overview
Dana-Farber Cancer Institute is located in Boston, MA. The organization was established in 1962. According to its NTEE Classification (H30) the organization is classified as: Cancer Research, under the broad grouping of Medical Research and related organizations. As of 09/2021, Dana-Farber Cancer Institute employed 6,996 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dana-Farber Cancer Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2020, Dana-Farber Cancer Institute generated $2.0b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $2.0b during the year ending 09/2020. While expenses have increased by 6.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Dana-Farber Cancer Institute has awarded 151 individual grants totaling $21,816,128. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLINICAL CARE - SEE SCHEDULE O
RESEARCH - SEE SCHEDULE O
COMMUNITY BENEFITS - SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glimcher Laurie H MD Trustee, President And CEO | OfficerTrustee | 44 | $1,724,225 |
Benz Edward J Jr MD President And CEO Emeritus | 50 | $1,133,382 | |
Reney Michael L CFO And Asst. Treasurer | Officer | 46 | $829,041 |
Terwilliger James Former COO & Evp | 48 | $815,197 | |
Hahn William MD PHD COO & Evp | Officer | 50 | $799,032 |
Bunnell Craig A MD Chief Medical Officer | Officer | 50 | $776,215 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mass General Brigham Inc Information Sys | 9/29/21 | $91,011,252 |
Brigham And Women's Hospital Medical Services | 9/29/21 | $76,953,920 |
Cardinal Health Medical Services | 9/29/21 | $39,036,057 |
Brigham And Women's Physicians Org Medical Services | 9/29/21 | $15,144,180 |
Walsh Brothers Inc Building Contractor | 9/29/21 | $50,485,417 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $629,412,126 |
| Investment income | $1,119,608 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $50,184,569 |
| Net Rental Income | $1,310,717 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,044,088 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,005,205,411 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,141,025 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,114,260 |
| Compensation to disqualified persons | $4,393,753 |
| Other salaries and wages | $517,551,784 |
| Pension plan accruals and contributions | $31,074,233 |
| Other employee benefits | $61,042,938 |
| Payroll taxes | $37,262,183 |
| Fees for services: Management | $8,407,995 |
| Fees for services: Legal | $20,484,618 |
| Fees for services: Accounting | $725,004 |
| Fees for services: Lobbying | $494,242 |
| Fees for services: Fundraising | $2,561,617 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $144,539,702 |
| Advertising and promotion | $10,180,561 |
| Office expenses | $27,666,674 |
| Information technology | $75,957,401 |
| Royalties | $0 |
| Occupancy | $125,155,097 |
| Travel | $7,764,211 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,687,734 |
| Interest | $21,926,773 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,236,354 |
| Insurance | $6,766,091 |
| All other expenses | $0 |
| Total functional expenses | $1,969,358,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $132,413,899 |
| Pledges and grants receivable | $116,972,121 |
| Accounts receivable, net | $163,645,048 |
| Loans from Officers, Directors, or Controlling Persons | $1,147,770 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $57,707,055 |
| Prepaid expenses and deferred charges | $54,445,075 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,894,580 |
| Other assets | $2,325,578,253 |
| Total assets | $3,905,849,954 |
| Accounts payable and accrued expenses | $328,417,243 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $509,041,424 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $74,622,792 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $838,517,279 |
| Total liabilities | $1,750,598,738 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,155,251,216 |
Grants Awarded
Over the last fiscal year, Dana-Farber Cancer Institute has awarded $3,236,218 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF BOSTON PURPOSE: COMMUNITY SUPPORT | $1,533,623 |
Cambridge, MA PURPOSE: CANCER RES AND DEVLP | $1,333,475 |
Roxbury, MA PURPOSE: COMMUNITY SUPPORT | $144,270 |
Boston, MA PURPOSE: CANCER RES AND DEVLP | $50,000 |
Rye Brook, NY PURPOSE: CANCER RES AND DEVLP | $40,000 |
Quincy, MA PURPOSE: CANCER RES AND DEVLP | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that Dana-Farber Cancer Institute has recieved totaling $1,687,434.
| Awarding Organization | Amount |
|---|---|
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $1,000,000 |
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $350,000 |
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $198,530 |
Louise B Phillips Trust Uw 3-3174 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $68,861 |
Brown Charitable Foundation Newton, MA PURPOSE: GENERAL SUPPORT | $18,000 |
Karen & John M Krzynowck Chr Tr Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $15,000 |
Endowment Analysis
| Beg. Balance | $357,421,000 |
| Earnings | $122,237,000 |
| Net Contributions | $14,528,000 |
| Other Expense | $14,990,000 |
| Ending Balance | $479,196,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dana Farber Mass General Brigham Cancer Care Inc Boston, MA | $42,647,489 | $95,186,368 |
Ludwig Institute For Cancer Research New York, NY | $25,811,385 | $89,264,708 |
Cancer Research Institute Inc New York, NY | $130,438,312 | $33,675,150 |
Lake Champlain Cancer Research Org Inc Essex Jct, VT | $0 | $292,033 |
Addgene Inc Watertown, MA | $22,116,271 | $23,985,910 |
Count Me In Inc Cambridge, MA | $7,331,909 | $8,017,841 |
Lung Cancer Research Foundation New York, NY | $5,738,095 | $6,154,252 |
The Ricbac Foundation Newtonville, MA | $46,150,580 | $5,404,964 |
Samuel Waxman Cancer Research Foundation New York, NY | $4,834,675 | $2,510,809 |
Advanced Medical Research Foundation Inc Brookline, MA | $69,323,551 | $6,501,514 |
International Myeloma Society Needham, MA | $7,371,497 | $4,469,545 |
Laniado Development Fund Inc Monsey, NY | $541,683 | $1,706,128 |