Licr Fund Inc in New York, New York (NY)

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Licr Fund Inc
Employer Identification Number (EIN)133573053
Name of OrganizationLicr Fund Inc
Address666 Third Ave-28th Fl, New York, NY 10017-4011
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date11/1990
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,305,002,131
Amount of Income$707,098,504
Form 990 Revenue Amount$91,531,748
National Taxonomy of Exempt Entities (NTEE)Medical Research: Single Organization Support


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Amount of income in 2013: $707,098,504
This organization: 

 $707,098,504
Other organizations performing similar types of work: 

 $4,564,965

Assets in 2013: $1,305,002,131
This organization: 

 $1,305,002,131
Other organizations performing similar types of work: 

 $23,205,946

Expenses in 2013: $73,656,842
Licr Fund Inc: 

 $73,656,842
Other organizations performing similar types of work: 

 $1,416,504

Income to expenses ratio in 2013: 9.6
Licr Fund Inc: 

 9.6
Other organizations performing similar types of work: 

 2.0

Expenses allocated to program services in 2007: 85.3%
Licr Fund Inc: 

 85.3%
Other organizations performing similar types of work: 

 87.0%

Grants share in income in 2013: 0.1%
Licr Fund Inc: 

 0.1%
Other organizations performing similar types of work: 

 15.7%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?NoNo
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?NoNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?YesYes
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?YesYes
Did the organization receive more than $25,000 in non-cash contributions?YesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
2010201120122013
The number reported in Box 3 of Form 1096141412
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNoYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return000
Did the organization file all required federal employment tax returns?NoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYesYes
Has it filed a Form 990-T for this year?YesYesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNoNo
Did the organization notify the donor of the value of the goods or services provided?NoNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$291,346$270,000
Total reportable compensation from related organizations$3,248,708$2,285,228
Total estimated amount of other compensation from the organization and related organizations$824,344$308,272
Total number of individuals who received more than $100,000 of reportable compensation from the organization00
Total number of independent contractors who received more than $100,000 of compensation from the organization1310
Statement of Revenue
2010201120122013
Total revenue$63,877,422$70,665,537$59,236,149$91,531,748
Contributions, Gifts, Grants and Other Similar Amounts$45,964$44,400$52,119$50,955
Program Service Revenue$0$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$13,896,358$13,049,265$13,200,770$7,338,465
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$0$0$0$0
Net gain/loss from sales of assets other than inventory$49,922,075$57,533,872$45,970,678$83,778,507
Gross amount from sales of assets other than inventory (Securities / Other)$581,901,614 / $0$825,020,663 / $0$703,939,042 / $0$699,345,263 / $0
Less: cost or other basis and sales expenses (Securities / Other)$531,979,539 / $0$767,486,791 / $0$657,968,364 / $0$615,566,756 / $0
Gain or (loss) (Securities / Other)$49,922,075 / $0$57,533,872 / $0$45,970,678 / $0$83,778,507 / $0
Net income/loss from fundraising events$0$0$0$0
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$0$0$0$0
Miscellaneous Revenue$13,025$38,000$12,582$363,821
900099$18,014$12,535$5,280
900099$19,986$47$358,541
All other revenue$0$0$0
Statement of Functional Expenses
2010201120122013
Total functional expenses$64,971,793$80,128,100$81,226,121$73,656,842
Grants and other assistance to domestic organizations and domestic governments$0$0$0
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$72,465,645$73,750,745$0
Benefits paid to or for members$0$0$65,861,741
Compensation of current officers, directors, trustees, and key employees$315,000$332,500$452,158$0
Compensation not included above, to disqualified persons$0$0$270,000
Other salaries and wages$0$0$0$0
Pension plan accruals and contributions$127,461$0$0
Other employee benefits$0$0$0
Payroll taxes$0$0$0$0
Fees for services (non-employees)
Management$2,352,623$2,417,866$2,656,764
Legal$65,309$141,301$35,058
Accounting$131,839$198,593$183,094
Lobbying$0$0$0
Professional fundraising services$0$0$0$0
Investment management fees$3,870,591$3,523,632$3,893,739
Other$353$480$7,382
Advertising and promotion$0$0$0
Office expenses$3,394$3,502$3,602
Information technology$111,225$70,548$69,976
Royalties$0$0$0
Occupancy$0$0$0
Travel$124,119$111,885$120,080
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$0$0$0
Interest$0$0$0
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$0$0$0
Insurance$66,199$86,753$82,528
Other expenses$441,070$364,715$357,446
Other expenses$33,846$49,730$73,760
Other expenses$1,926$54,213$41,672
Balance Sheet
2010201120122013
Total assets$1,265,283,970$1,115,691,781$1,192,858,889$1,305,002,131
Cash - non-interest-bearing$0$0$0
Savings and temporary cash investments$18,079,317$24,684,407$22,193,241
Pledges and grants receivable, net$0$0$0
Accounts receivable, net$0$0$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$0$0$0
Land, buildings, and equipment: cost or other basis$0$0$0
Investments - publicly traded securities$0$0$0
Investments - other securities$1,059,880,005$1,161,875,191$1,271,207,601
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$37,732,459$6,299,291$11,601,289
Total liabilities$55,368,709$1,696,880$1,691,509$1,856,689
Accounts payable and accrued expenses$1,696,880$1,691,509$1,856,689
Grants payable$0$0$0
Deferred revenue$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0$0
Total net assets or fund balances$1,209,915,261$1,113,994,901$1,191,167,380$1,303,145,442
Unrestricted net assets$1,113,994,901$1,191,167,380$1,303,145,442
Temporarily restricted net assets$0$0$0
Permanently restricted net assets$0$0$0
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported1
Sum of amounts of support$65,861,741
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$110,945,422$-15,435,149$30,903,702$72,995,718$90,800,643$123,112,730$84,388,267$128,474,491
Contributions, gifts, grants, and similar amounts received$0$21,419$26,331$23,411$47,068$45,007$49,383$45,634
Contributions to donor advised funds$0$0
Direct public support$0$21,419$26,331$23,411$47,068$45,007$49,383$45,634
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$0$0$0$0$0
Dividends and interest from securities$39,525,490$30,357,386$21,692,023$18,862,552$19,924,811$22,096,418$24,770,784$25,449,965
Net rental income or (loss)$0$0$0$0$0$0$0$-20
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$20
Other investment income$130,668$138,029$205,715$832,845$-212,409$-425,034$-1,435,697$679,006
Gain or (loss) from sales of assets other than inventory$71,289,264$-45,951,983$8,979,633$53,276,910$71,041,173$101,396,339$61,003,797$102,299,906
Gross amount from sales of assets other than inventory$1,853,438,075$2,272,218,418$2,072,728,480$1,942,790,473$1,370,326,338$1,180,204,621$697,887,350$794,681,636
Less: cost or other basis and sales expenses$1,782,148,811$2,318,170,401$2,063,748,847$1,889,513,563$1,299,285,165$1,078,808,282$636,883,553$692,381,730
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Total expenses$25,267,973$67,574,055$56,567,700$72,071,719$73,625,205$78,523,629$70,167,229$71,977,331
Program services$17,273,337$60,089,149$49,156,162$64,341,358$64,996,451$69,796,825$60,067,486$61,385,179
Management and general$7,994,636$7,484,906$7,411,538$7,730,361$8,628,754$8,726,804$10,099,743$10,592,152
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$1,102,264,737$983,944,508$924,033,448$1,091,949,160$1,171,582,463$1,181,777,506$1,291,172,113$1,358,911,682
Excess or (deficit) for the year$85,677,449$-83,009,204$-25,663,998$923,999$17,175,438$44,589,101$14,221,038$56,497,160
Net assets or fund balances at beginning of year$1,102,934,880$1,102,264,737$983,944,508$924,033,448$1,091,949,160$1,171,582,463$1,181,777,506$1,291,172,113
Other changes in net assets or fund balances$-86,347,592$-35,311,025$-34,247,062$166,991,713$62,457,865$-34,394,058$95,173,569$11,242,409
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$71,977,331$61,385,179$10,592,152$0
Grants paid from donor advised funds$0
Other grants and allocations$61,385,179
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$210,000$0$210,000$0
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$0$0$0$0
Pension plan contributions not included above$128,919$0$128,919$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$110,440$0$110,440$0
Legal fees$34,426$0$34,426$0
Supplies$165$0$165$0
Telephone$551$0$551$0
Postage and shipping$3,123$0$3,123$0
Occupancy$0$0$0$0
Equipment rental and maintenance$114,542$0$114,542$0
Printing and publications$0$0$0$0
Travel$25,393$0$25,393$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$9,964,593$0$9,964,593$0
Balance Sheets
20002001200220032004200520062007
Total assets$1,104,354,781$1,065,831,619$954,105,621$1,170,808,145$1,232,153,417$1,275,116,183$1,406,490,946$1,467,414,053
Cash - non-interest-bearing$38,191,397$43,811,766$34,515,806$35,409,061$41,625,060$0$37,769,998$0
Savings and temporary cash investments$0$0$0$0$0$55,830,736$0$50,779,438
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$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$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0$0$0$0$0
Investments - publicly-traded securities$0$0
Investments - other securities$1,039,930,996$948,560,518$916,585,290$1,068,841,407$1,097,198,860$1,125,832,483$1,245,046,865$1,297,063,076
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Other assets, including program-related investments$26,232,388$73,459,335$3,004,525$66,557,677$93,329,497$93,452,964$123,674,083$119,571,538
Total liabilities$2,090,044$81,887,111$30,072,173$78,858,985$60,570,954$93,338,677$115,318,833$108,502,371
Accounts payable and accrued expenses$2,090,044$2,123,508$1,795,089$1,604,573$1,839,155$1,758,069$2,196,556$2,198,011
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$79,763,603$0$61,637,724$0$0$113,122,277$0
Other liabilities$0$0$28,277,084$15,616,688$58,731,799$91,580,608$0$106,304,360
Total liabilities and net assets/fund balances$1,104,354,781$1,065,831,619$954,105,621$1,170,808,145$1,232,153,417$1,275,116,183$1,406,490,946$1,467,414,053
Total net assets or fund balances$1,102,264,737$983,944,508$924,033,448$1,091,949,160$1,171,582,463$1,181,777,506$1,291,172,113$1,358,911,682
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$0$0$0$0$90,800,643$123,112,730$84,388,267$128,474,491
Total revenue, gains, and other support per audited financial statements$0$0$0$0$152,599,791$88,443,868$179,353,893$138,978,252
Other expenses$0$0$0$0$72,795,247$-14,299,542$110,526,675$42,209,671
Net unrealized gains on investments$0$0$0$0$72,795,247$-14,299,542$110,526,675$42,209,671
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$10,996,099$20,369,320$15,561,049$31,705,910
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$10,996,099$20,369,320$15,561,049$31,705,910
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$0$0$0$0$73,625,205$78,523,629$70,167,229$71,977,331
Total expenses and losses per audited financial statements$0$0$0$0$72,966,488$78,248,825$69,959,286$71,238,683
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$658,717$274,804$207,943$738,648
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$658,717$274,804$207,943$738,648
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
99$30,000$0$0
99$30,000$0$0
99$30,000$0$0
99$30,000$0$0
99$30,000$0$0
99$30,000$0$0
99$30,000$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings9
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?No
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?Yes
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)?No
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, 20060
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$128,428,857$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
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)$25,449,965$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$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)$679,006$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))$102,299,906$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$-20$0
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
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
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 isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType I
Information about the supported organizations
Employer identification number (EIN)Name of organizationType of organizationIs the supported organization listed in the supporting organization's governing documents?Amount of support
237121131Ludwig Institute For Cancer ResearchYes$61,385,179
Total$61,385,179
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$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$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$0$0$0
Net income from unrelated business activities not included above$0$0$0$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$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$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$632,557$0$632,557
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$2,761$0$276
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$6,328,331$0$632,833
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$384,500
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$384,500
Unrelated business taxable income$1,017,057
Unrelated business taxable income before net operating loss deduction$1,017,057
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$1,017,057
Specific deduction$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Licr Fund Inc666 Third Ave-28th Fl, New York, NY 10017-4011NY1990-11$707,098,504
2Research To Prevent Blindness Endowment Fund Inc645 Madison Ave Fl 21, New York, NY 10022-1010NY1988-08$151,937,063
3Rheumatology Research Foundation2200 Lake Blvd Ne, Atlanta, GA 30319-5310GA1988-07$72,005,610
4Huntsman Cancer Foundation500 S Huntsman Way, Salt Lake Cty, UT 84108-1235UT1995-09$47,537,353
5Kansas Masonic Foundation Inc2909 Sw Maupin Lane, Topeka, KS 66614-5335KS1966-12$34,052,023
6Stanley Manne Childrens Research Institute225 E Chicago Ave Pr Dept Box 26, Chicago, IL 60611-2991IL1987-05$16,515,630
7Cerebral Palsy Research Endowment AssociationPO BOX 8217, Wichita, KS 67208-0217KS1991-03$15,434,923
8Retina Research Foundation Permanent Endowment Fund1977 Butler Blvd, Houston, TX 77030-4101TX1976-05$13,909,618
9American Cancer Society Foundation250 Williams St, Atlanta, GA 30303-1032GA1942-11$5,303,667
10Anna Fuller Fund1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262NC1938-08$4,564,965
11Giovanni Armenise-Harvard Foundation For Scientific ResearchHms, Boston, MA 02115MA1996-02$3,280,930
12Webb-Waring Foundation IncRc1 N Box C322, Aurora, CO 80045CO1995-10$2,304,619
13Tom Slick Memorial Trust Fbo, Southwest Foundation For Biomed ResPO BOX 760549, San Antonio, TX 78245-0549TX1972-10$1,877,256
14Arthritis Foundation Inc, New Jersey Chapter555 Rt 1 South Ste 320, Iselin, NJ 08830-3100NJ1978-01$660,568
15Friends Of The Stemlin Foundation10301 Stella Link, Houston, TX 77025-5447TX1981-10$567,974
16National Niemann-Pick Disease FoundationPO BOX 49, Fort Atkinson, WI 53538-0049WI1993-04$504,186
17Virginia And D K Ludwig Fund For, Baker R Palmer Jr Et Al Ttees666 Third Ave-28th Fl, New York, NY 10017-4011NY1996-06$464,679
18Friends Fighting Breast Cancer Inc2 Fitch Court, Wakefield, MA 01880MA1998-06$73,801
19Stasis Foundation3107 Stirling Rd Ste 105, Ft Lauderdale, FL 33312-8502FL2003-06$5,448,617
20Anna M Rohrer Trust Uw1100 Wehrle Dr 2nd Fl, Buffalo, NY 14221-7748NY2001-10$275,983
Number of organizations performing similar types of work
Colorado1
Florida1
Georgia2
Illinois2
Kansas2
Massachusetts2
North Carolina1
New Jersey1
New York4
Texas3
Utah1
Wisconsin1
Total21

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