Nevada Cancer Institute Foundation in Las Vegas, Nevada (NV)

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Nevada Cancer Institute Foundation
Employer Identification Number (EIN)043632553
Name of OrganizationNevada Cancer Institute Foundation
Address10530 Discovery Dr, Las Vegas, NV 89135-3039
SubsectionEducational Organization, Charitable Organization
Ruling Date10/2002
DeductibilityContributions are deductible
FoundationHospital or medical research organization
OrganizationCorporation
Tax Period12/2011
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$65,071,047
Amount of Income$37,911,510
Form 990 Revenue Amount$37,911,510
National Taxonomy of Exempt Entities (NTEE)Medical Research: Cancer Research


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Amount of income in 2011: $37,911,510
This organization: 

 $37,911,510
Other organizations performing similar types of work: 

 $84,219

Assets in 2011: $65,071,047
Nevada Cancer Institute Foundation: 

 $65,071,047
Other organizations performing similar types of work: 

 $84,533

Expenses in 2011: $65,578,249
This organization: 

 $65,578,249
Other organizations performing similar types of work: 

 $78,823

Income to expenses ratio in 2011: 0.6
This organization: 

 0.6
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 45.5%
Nevada Cancer Institute Foundation: 

 45.5%
Other organizations performing similar types of work: 

 76.3%

Employees paid over $100,000 in 2011: 4.8%
Nevada Cancer Institute Foundation: 

 4.8%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2011: 46.2%
Nevada Cancer Institute Foundation: 

 46.2%
Other organizations performing similar types of work: 

 100.0%

Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$37,911,510
Contributions, Gifts, Grants and Other Similar Amounts$17,521,533
Program Service Revenue$18,932,095
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$160,278
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$998,731
Gross rents (Real / Personal)$998,731 / $0
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$998,731 / $0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$272,917
Gross income from fundraising events$272,917
Less: direct expenses$0
Net income from gaming activities$25,956
Gross income from gaming activities$25,956
Less: direct expenses$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$65,578,249
Compensation of current officers, directors, trustees, and key employees$2,332,565
Other salaries and wages$11,287,219
Payroll taxes$1,185,509
Professional fundraising services$0
Other$50,772,956
Balance Sheet (for 2011)
Total assets$65,071,047
Total liabilities$53,928,996
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$53,928,996
Total net assets or fund balances$11,142,051
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv)
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20032004200520062007
Total revenue$17,768,770$36,472,914$41,361,905$59,804,092$94,026,993
Contributions, gifts, grants, and similar amounts received$17,367,581$35,960,506$41,229,433$57,488,377$45,338,276
Contributions to donor advised funds$0$0
Direct public support$17,337,442$33,458,328$41,215,465$55,783,312$41,224,318
Indirect public support$0$0$0$0$0
Government contributions (grants)$30,139$2,502,178$13,968$1,705,065$4,113,958
Program service revenue including government fees and contracts$0$3,000$0$21,263$128,561
Membership dues and assessments$0$0$0$0$0
Interest on savings and temporary cash investments$14,006$0$0$175,395$0
Dividends and interest from securities$0$263,629$530,910$2,229,177$4,089,675
Net rental income or (loss)$0$0$0$0$0
Gross rents$0$0$0$0$223,274
Less: rental expenses$0$0$0$0$223,274
Other investment income$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-17,645$11,165$2,193$-8,769$1,802
Gross amount from sales of assets other than inventory$0$1,866,815$699,692$599,399$38,753,155
Less: cost or other basis and sales expenses$17,645$1,855,650$697,499$608,168$38,751,353
Net income or (loss) from special events and activities$404,828$234,614$-400,631$-101,351$-489,702
Gross revenue$710,775$1,061,204$498,000$2,299,939$2,598,611
Less: direct expenses other than fundraising expenses$305,947$826,590$898,631$2,401,290$3,088,313
Gross profit or (loss) from sales of inventory$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0
Other revenue$0$0$0$0$44,958,381
Total expenses$2,095,038$8,218,160$5,753,079$6,624,824$16,631,582
Program services$292,998$3,355,083$0$0$7,569,104
Management and general$1,423,972$4,075,586$4,469,485$4,673,113$6,445,395
Fundraising$378,068$787,491$1,283,594$1,951,711$2,617,083
Payments to affiliates$0$0$0$0$0
Net assets or fund balances at end of year$17,275,635$45,435,994$80,905,446$134,143,202$159,009,855
Excess or (deficit) for the year$15,673,732$28,254,754$35,608,826$53,179,268$77,395,411
Net assets or fund balances at beginning of year$1,601,903$17,275,635$45,435,994$80,905,446$134,143,202
Other changes in net assets or fund balances$0$-94,395$-139,374$58,488$-52,528,758
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$16,631,582$7,569,104$6,445,395$2,617,083
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$2,470,298$309,260$1,858,261$302,777
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$5,686,730$998,079$4,249,773$438,878
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$1,019,180$120,119$832,133$66,928
Payroll taxes$470,726$69,360$359,319$42,047
Professional fundraising fees$36,270$0$0$36,270
Accounting fees$221,098$0$221,098$0
Legal fees$535,951$15,500$520,451$0
Supplies$1,389,891$1,054,884$329,114$5,893
Telephone$235,787$0$235,787$0
Postage and shipping$54,891$5,866$47,306$1,719
Occupancy$1,080,089$0$1,080,089$0
Equipment rental and maintenance$1,935,045$315,527$1,619,518$0
Printing and publications$628,363$495,072$130,144$3,147
Travel$122,981$16,087$91,626$15,268
Conferences, conventions, and meetings$113,524$8,601$104,923$0
Interest$4,575,260$0$4,575,260$0
Depreciation, depletion, etc.$3,131,669$0$3,131,669$0
Other expenses not covered above$-7,076,171$4,160,749$-12,941,076$1,704,156
Balance Sheets
20032004200520062007
Total assets$68,971,378$101,687,570$137,153,685$234,914,869$219,308,909
Cash - non-interest-bearing$1,000,782$1,965,180$1,091,052$8,557$1,500
Savings and temporary cash investments$4,290,368$4,509,813$0$0$2,246,252
Accounts receivable less allowance for doubtful accounts$124,836$912,355$282,043$15,759,412$453,084
Pledges receivable less allowance for doubtful accounts$6,622,316$24,887,418$36,075,076$44,276,079$53,973,616
Grants receivable$0$0$287,249$1,139,740$6,395,262
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0
Inventories for sale or use$0$0$0$0$598,299
Prepaid expenses and deferred charges$772,099$871,863$117,007$782,085$1,296,443
Investments - publicly-traded securities$75,130,061$72,345,397
Investments - other securities$3,001,946$44,038,954$18,104,935$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0
Investments - other$0$0$819,651$819,651$819,651
Land, buildings, and equipment less accumulated depreciation$1,358,875$24,501,987$64,712,221$65,083,456$76,633,843
Other assets, including program-related investments$51,800,156$0$15,664,451$31,915,828$4,545,562
Total liabilities$51,695,743$56,251,576$56,248,239$100,771,667$60,299,054
Accounts payable and accrued expenses$345,743$4,728,719$1,291,638$3,558,169$6,608,159
Grants payable$0$0$0$0$0
Deferred revenue$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0
Tax-exempt bond liabilities$50,000,000$50,000,000$50,000,000$50,000,000$50,000,000
Mortgages and other notes payable$1,350,000$1,522,857$4,802,858$47,213,498$3,690,895
Other liabilities$0$0$153,743$0$0
Total liabilities and net assets/fund balances$68,971,378$101,687,570$137,153,685$234,914,869$219,308,909
Total net assets or fund balances$17,275,635$45,435,994$80,905,446$134,143,202$159,009,855
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20032004200520062007
Total revenue$17,768,770$36,472,914$41,361,905$0$0
Total revenue, gains, and other support per audited financial statements$18,078,356$37,205,109$42,121,163$0$0
Other expenses$305,947$732,195$759,258$0$0
Net unrealized gains on investments$0$-94,395$-148,594$0$0
Donated services and use of facilities$0$0$9,220$0$0
Recoveries of prior year grants$0$0$0$0$0
Other$305,947$826,590$898,632$0$0
Other revenue$-3,639$0$0$0$0
Investment expenses$0$0$0$0$0
Other$-3,639$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20032004200520062007
Total expenses$2,095,038$8,218,160$5,753,079$0$0
Total expenses and losses per audited financial statements$2,404,624$9,044,750$6,651,711$0$0
Other revenue$305,947$826,590$898,632$0$0
Donated services and use of facilities$0$0$0$0$0
Prior year adjustments$0$0$0$0$0
Losses$0$0$0$0$0
Other$305,947$826,590$898,632$0$0
Other expenses$-3,639$0$0$0$0
Investment expenses$0$0$0$0$0
Other$-3,639$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$455,900$57,123$5,500
40$259,550$43,227$0
40$250,737$40,441$0
40$157,288$28,387$0
40$111,764$11,212$300
40$102,629$850$0
40$95,708$30,679$0
40$60,117$0$0
40$53,827$6,288$0
40$40,184$6,353$0
40$36,010$482$2,520
40$34,750$4,267$1,530
40$165,579$28,296$0
40$145,153$27,564$0
40$167,860$38,223$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings15
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200669
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$3,601,775$45,086,942
Program service revenue
Program service revenue 1000000$000$0$55,056
Program service revenue 2000000$000$0$72,907
Program service revenue 3000000$000$0$598
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$4,089,675$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$1,802$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$-489,702$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$44,958,381
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$159,300$13,605$0
$134,525$42,501$0
$130,463$39,875$0
$126,730$28,817$0
$124,888$22,474$934
Total number of other employees paid over $50,00029
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$126,064
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isMedical research organization
Support Schedule
20022003200420052006
Total$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0
Membership fees received$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0
Other income$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$7,569,104
Total lobbying expenditures$126,064
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$126,064
Other exempt purpose expenditures$7,443,040
Lobbying nontaxable amount$528,455
Grassroots nontaxable amount$132,114
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Nevada Cancer Institute Foundation10530 Discovery Dr, Las Vegas, NV 89135-3039NV2002-10$37,911,510
2American Cancer Society Inc, Eastern Division Inc2 Lyon Pl, White Plains, NY 10601-5402NY1942-11$187,410,903
3Genesys Research Institute Inc736 Cambridge St, Brighton, MA 02135-2907MA2012-01$7,821,503
4Statewide Clinical Trials Network Of Texas, Ctnet17110 Dallas Pkwy Ste 210, Dallas, TX 75248-1100TX2011-10$5,415,021
5The International Genomics Consortium445 N 5th St Ste 300, Phoenix, AZ 85004-2263AZ2002-02$4,587,292
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8Society For Translational Oncology Inc318 Blackwell St Ste 270, Durham, NC 27701-3699NC2009-04$1,406,641
9The Kittredge FoundationPO BOX 52570, Boston, MA 02205-2570MA2000-07$1,286,866
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14Metropolitan Chicago Breast Cancer Task Force1645 W Jackson Blvd Ste 450, Chicago, IL 60612-3276IL2009-05$817,194
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16University Of Cincinnati Cancer Programs2830 Victory Parkway, Cincinnati, OH 45206-1785OH2002-04$776,848
17Hwifc Cancer Research Group5603 230th St Sw, Mountlake Terrace, WA 98043WA2008-07$672,010
18Families In Search Of Truth Inc2399 Testolin Rd, Fallon, NV 89406-7189NV2003-10$66,353
19Freedom FourwheelersPo Box 733, Panaca, NV 89042NV2011-06$0
20International Cancer Research Foundation Inc3395 S Jones Blvd Ste 244, Las Vegas, NV 89146-6729NV2000-02$0
Number of organizations performing similar types of work
Alaska2
Alabama7
Arkansas1
Arizona15
California72
Colorado6
Connecticut15
District of Columbia3
Florida42
Georgia15
Iowa5
Idaho1
Illinois21
Indiana9
Kansas5
Kentucky2
Louisiana5
Massachusetts23
Maryland15
Maine1
Michigan14
Minnesota9
Missouri9
Montana1
North Carolina11
Nebraska4
New Hampshire1
New Jersey20
New Mexico3
Nevada4
New York55
Ohio21
Oklahoma2
Oregon5
Pennsylvania25
Rhode Island1
South Carolina6
South Dakota1
Tennessee5
Texas32
Utah2
Virginia8
Vermont3
Washington16
Wisconsin8
West Virginia1
International2
Total534

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