Florida Cancer Specialists Foundation Inc
- Assets
- $8.2m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 12
- Location
- Bradenton, FL
- Founding
- 06/2007
- Data as of
- 12/2021
- EIN
- 20-4616813
Organization Overview
Florida Cancer Specialists Foundation Inc is located in Bradenton, FL. The organization was established in 2007. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Florida Cancer Specialists Foundation Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Cancer Specialists Foundation Inc 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 12/2021, Florida Cancer Specialists Foundation Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 12.9% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO DEVELOP AND FOSTER COMMUNITY RESOURCES AND PROVIDE EDUCATION AS WELL AS NON-MEDICAL FINANCIAL ASSISTANCE TO PATIENTS UNDERGOING CANCER TREATMENT IN THE STATE OF FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATIENT SUPPORT THE FOUNDATION PROVIDES ASSISTANCE TO INDIVIDUALS DIAGNOSED WITH CANCER AND THEIR FAMILIES. THE FOUNDATION STRIVES TO MAKE THE WORLD OF THOSE DIAGNOSED WITH CANCER A BETTER PLACE BY OFFERING FINANCIAL AND EMOTIONAL SUPPORT. THE FOUNDATION ANALYZES THE FAMILIES' NEEDS AND HELPS WITH ESSENTIAL LIVING EXPENSES SUCH AS MORTGAGE, RENT AND UTILITY PAYMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Rasys Executive Director | Officer | 40 | $103,321 |
Maen Hussein MD Chair As Of Dec. 2021 | OfficerTrustee | 2 | $0 |
Shelly H Glenn Secretary Thru Aug 2021 | OfficerTrustee | 2 | $0 |
Michael Diaz MD Chair Thru Nov 2021 | OfficerTrustee | 2 | $0 |
Raul Storey MD Vice Chair | OfficerTrustee | 2 | $0 |
Cory Person ESQ Secretary As Of Sept. 2021 | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,214,455 |
| Noncash contributions included in lines 1a–1f | $25,456 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,214,455 |
| Total Program Service Revenue | $0 |
| Investment income | $142,119 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $64,064 |
| Net Income from Fundraising Events | $238,275 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,629 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,660,673 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,408,402 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $122,060 |
| Compensation of current officers, directors, key employees. | $122,060 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $379,254 |
| Pension plan accruals and contributions | $8,541 |
| Other employee benefits | $43,627 |
| Payroll taxes | $35,570 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $900 |
| Fees for services: Accounting | $2,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,077 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,416 |
| Office expenses | $61,989 |
| Information technology | $19,610 |
| Royalties | $0 |
| Occupancy | $65,100 |
| Travel | $15,318 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,886 |
| All other expenses | $350 |
| Total functional expenses | $2,249,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,231,066 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,226 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,955,385 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,016 |
| Total assets | $8,210,693 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $177,958 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $177,958 |
| Net assets without donor restrictions | $8,018,749 |
| Net assets with donor restrictions | $13,986 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,210,693 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Florida Cancer Specialists Foundation Inc has recieved totaling $94,696.
| Awarding Organization | Amount |
|---|---|
Swim Across America Inc Charlotte, NC PURPOSE: CANCER RESEARCH | $26,975 |
Community Foundation For Brevard Inc Melbourne, FL PURPOSE: HEALTH AND WELLNESS | $24,080 |
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT | $18,968 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $18,740 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,933 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of South Florida Institute Of Applied Engineering I Tampa, FL | $5,205,656 | $9,587,469 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $5,518,203 | $5,863,574 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Tampa-Orlando-Pinellas Jewish Foundation Inc Tampa, FL | $66,534,235 | $10,949,791 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |
Chapters Health Foundation Inc Temple Terrace, FL | $14,703,109 | $7,254,901 |
Consortium Of Florida Education Foundations Inc Gainesville, FL | $1,204,122 | $5,873,511 |
Shepherd Center Foundation Inc Atlanta, GA | $141,754,007 | $86,686 |
Programa De Ayuda Humanitaria Para Venezuela Weston, FL | $8,434 | $5,060,742 |
Make-A-Wish Foundation Of Georgia Inc Atlanta, GA | $3,516,569 | $5,599,948 |
Pbsa Community Engagement Inc Atlanta, GA | $11,515,237 | $4,451,967 |