University Of Kentucky Markey Cancer Foundation Inc
- Assets
- $19.1m
- Revenue
- $1.3m
- Investments
- $3.1m
- Employees
- 1
- Location
- Lexington, KY
- Founding
- 11/1978
- Data as of
- 06/2021
- EIN
- 31-0944925
Organization Overview
University Of Kentucky Markey Cancer Foundation Inc is located in Lexington, KY. The organization was established in 1978. According to its NTEE Classification (H30) the organization is classified as: Cancer Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Kentucky Markey Cancer 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 06/2021, University Of Kentucky Markey Cancer Foundation Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $3.5m during the year ending 06/2021. 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
SUPPORT FOR MARKEY CANCER CENTER HOSPITAL BUILDING EXPANSION AND RESEARCH PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CANCER RESEARCH GRANTS TO THE MARKEY CANCER CENTER AT THE UNIVERSITY OF KENTUCKY
PATIENT SUPPORT PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Delzotti President & CEO | Officer | 40 | $364,150 |
Christopher Young Treasurer | OfficerTrustee | 3 | $0 |
H Greg Goodman Trustee / Vice Chair | OfficerTrustee | 2 | $0 |
Farra Alford Sr Trustee / Chairman | OfficerTrustee | 5 | $0 |
John Hall Trustee | Trustee | 1 | $0 |
Bret Jones Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Schultz & Williams Database Management | 6/29/18 | $250,598 |
Goble Group Fundraising | 6/29/18 | $123,200 |
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 | $890,372 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $890,372 |
| Total Program Service Revenue | $0 |
| Investment income | $151,040 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $247,754 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,289,166 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,704,164 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $364,150 |
| Compensation of current officers, directors, key employees. | $145,660 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $307,811 |
| Pension plan accruals and contributions | $48,816 |
| Other employee benefits | $73,545 |
| Payroll taxes | $35,709 |
| Fees for services: Management | $77,000 |
| Fees for services: Legal | $3,583 |
| Fees for services: Accounting | $6,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $230,904 |
| Advertising and promotion | $69,391 |
| Office expenses | $14,047 |
| Information technology | $49,703 |
| Royalties | $0 |
| Occupancy | $38,439 |
| Travel | $7,235 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,835 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,655 |
| All other expenses | $15,125 |
| Total functional expenses | $3,524,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $449,199 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $781,745 |
| Accounts receivable, net | $218,433 |
| 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 | $23,832 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,577,809 |
| Investments—other securities | $3,083,495 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,134,513 |
| Accounts payable and accrued expenses | $78,812 |
| Grants payable | $1,862,802 |
| Deferred revenue | $200,090 |
| 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 | $2,141,704 |
| Net assets without donor restrictions | $16,393,707 |
| Net assets with donor restrictions | $599,102 |
| 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 | $19,134,513 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of Kentucky Markey Cancer Foundation Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
W T Young Family Foundation Inc Lexington, KY PURPOSE: SUBSIDY | $25,000 |
Endowment Analysis
| Beg. Balance | $14,715,143 |
| Earnings | $5,987,241 |
| Net Contributions | $4,575 |
| Other Expense | $3,045,655 |
| Ending Balance | $17,661,304 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Institute For Cancer Research Arlington, VA | $18,214,497 | $14,242,691 |
Prevent Cancer Foundation Alexandria, VA | $19,123,889 | $9,204,793 |
Ulta Beauty Charitable Foundation Bolingbrook, IL | $10,193,540 | $17,881,824 |
Premier Community Health Dayton, OH | $3,886,537 | $6,142,148 |
Abraham J And Phyllis Katz Cord Blood Foundation Cleveland, OH | $4,596,233 | $6,882,274 |
University Of Kentucky Markey Cancer Foundation Inc Lexington, KY | $19,134,513 | $1,289,166 |
University Of Chicago Cancer Research Foundation Chicago, IL | $9,937,002 | $3,131,456 |
Bear Necessities Pediatric Cancer Foundation Chicago, IL | $2,315,118 | $1,700,490 |
Equal Hope Chicago, IL | $2,250,757 | $1,797,220 |
Maple Tree Cancer Alliance Dayton, OH | $804,446 | $1,383,913 |
Cancer Research Foundation Chicago, IL | $11,396,644 | $1,076,545 |
Proton Collaborative Group Inc Warrenville, IL | $1,110,674 | $1,189,051 |