University Of Tennessee West Institute For Cancer Research

Organization Overview

University Of Tennessee West Institute For Cancer Research is located in Memphis, TN. The organization was established in 2014. According to its NTEE Classification (G30) the organization is classified as: Cancer, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Tennessee West Institute For Cancer Research 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, University Of Tennessee West Institute For Cancer Research generated $223.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (37.7%) each year. All expenses for the organization totaled $349.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE UNIVERSITY OF TENNESSEE/WEST INSTITUTE FOR CANCER RESEARCH (THE "INSTITUTE") IS TO INVEST IN DISCOVERY, INNOVATION AND ADVANCEMENT IN THE FIELD OF ADULT CANCER RESEARCH AND PATIENT EDUCATION, CARE AND SUPPORT AND TO ENSURE THAT ALL ADULT CANCER PATIENTS HAVE ACCESS TO THE MOST INNOVATIVE RESEARCH AND EFFECTIVE THERAPIES TO DEFEAT CANCER IN ITS ENTIRETY WHILE RESPECTING INDIVIDUAL QUALITY OF LIFE. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE UNIVERSITY OF TENNESSEE/WEST INSTITUTE FOR CANCER RESEARCH WAS FULLY DEDICATED TO RAISING FUNDS FOR ADULT CANCER RESEARCH IN MEMPHIS, TENNESSEE. THE PLAN WAS TO BROADEN CUTTING-EDGE RESEARCH PROGRAMS AND TO STRENGTHEN THE ABILITY TO PROVIDE THE BEST POSSIBLE CANCER TREATMENT. THESE EXPENSES WERE INCURRED AFTER THE 2020 RESOLUTION TO DISSOLVE THE INSTITUTE AND DURING THE PERIOD IN WHICH THE TENNESSEE SECRETARY OF STATE WAS REVIEWING THE INSTITUTE'S PLAN OF DISSOLUTION IN ACCORDANCE WITH STATE LAW. SEE EXPLANATION ON SCHEDULE O. ACCORDINGLY, 2021 PROGRAM EXPENSES ARE MINIMAL IN COMPARISON TO THE PERIODS OF NORMAL OPERATION.


THE PURPOSE OF THE WINGS SUPPORTIVE CARE DIVISION WAS TO PROVIDE PATIENT EDUCATION AND CARE AS IT RELATES TO THE DIAGNOSIS, TREATMENT AND CURE OF CANCER. THE ABOVE EXPENSES WERE INCURRED DURING THE WIND DOWN PHASE OF THE INSTITUTION. ACCORDINGLY, 2021 PROGRAM EXPENSES ARE MINIMAL IN COMPARISON TO THE PERIODS OF NORMAL OPERATION.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Ugwueke
President
$0
Dr Neil Hayes
Director
$0
Dr Scott Strome
Director
$0
Dr Kathleen Forbes
Director
$0
Dr David Shibata
Director
$0
Dr Bradley Somer
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
King & Spalding Llp
Legal Services
$468,513
Henderson Hutcherson & Mccullough Pllc
Accounting Services
$131,141
View All Vendors

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$4,546
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,546
Total Program Service Revenue$0
Investment income $131,376
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $88,015
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $223,937

Grants Recieved

Over the last fiscal year, we have identified 1 grants that University Of Tennessee West Institute For Cancer Research has recieved totaling $50,000.

Awarding OrganizationAmount
Breast Cancer Eradication Initiative Inc

Germantown, TN

PURPOSE: BREAST CANCER RESEARCH/EDUC/TREATMENT

$50,000
View Grant Recipient Profile

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