Commonwealth Foundation For Cancer Research Foundation
100% goes to programs $0 to raise $100 Strong reserves Growing revenue
Commonwealth Foundation For Cancer Research Foundation is a 501(c)(3) organization based in Richmond, Virginia, registered in 2002, with $25,046,690 in FY2024 revenue. CharityIndex grades it C, and it directs about 100% of spending to programs.
800 E Canal St Ste 1900, Richmond, VA, 23219 EIN 04-3632101 Since 2002
Revenue (FY2024)
$25.0M
▼ 75.5% vs prior year
Medical Research median: $217K
Expenses (FY2024)
$56.0M
Net assets
$50.9M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating100% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Commonwealth Foundation For Cancer Research Foundation: 100% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating11 mo reserves · -124% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Commonwealth Foundation For Cancer Research Foundation: 11 mo reserves · -124% margin earns a F on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Commonwealth Foundation For Cancer Research Foundation: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Commonwealth Foundation For Cancer Research Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To provide funding for cancer research
What they do
The corporation is organized as a supporting organization for the charitable, scientific and educational purposes of the community foundation, inc., an exempt organization under sec. 501(c)(3) of the internal revenue code of 1986, as amended.
Contact & location
- Address
- 800 E Canal St Ste 1900, Richmond, VA, 23219
- City
- Richmond
- State
- Virginia
- Category
- Medical Research
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $21.1M (FY2013) to $25.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $97KNet assets $50.9M
Operating margin
-123.6%
Spent more than it raised in the latest fiscal year.
Total assets
$50.9M
Total liabilities
$97K
Net assets
$50.9M
Salaries & benefits
$28K
0% of expenses
Board members
4
2 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $25,046,690▼75.5% | $55,998,011▲1.3% | $50,852,369▼37.8% | $50,949,327▼37.8% | 990 |
| 2023 | $102,323,363▲103% | $55,264,302▲16.1% | $81,803,690▲135% | $81,899,492▲135% | 990 |
| 2022 | $50,354,014▲201% | $47,600,088▲134% | $34,744,629▲8.6% | $34,835,660▲8.9% | 990 |
| 2021 | $16,751,552▼28.9% | $20,371,781▲1.1% | $31,990,703▼10.2% | $31,990,703▼10.2% | 990 |
| 2020 | $23,563,500▲68.3% | $20,160,019▼17.9% | $35,610,932▲10.6% | $35,610,932▲10.3% | 990 |
| 2019 | $14,003,731▼50.7% | $24,567,126▲1.2% | $32,207,451▼24.7% | $32,272,531▼25.1% | 990 |
| 2018 | $28,385,863▼23.1% | $24,276,122▼1.1% | $42,770,846▲10.6% | $43,061,062▲11.4% | 990 |
| 2017 | $36,891,429▲103% | $24,542,185▲19.8% | $38,661,105▲46.9% | $38,661,105▲46.9% | 990 |
| 2016 | $18,206,700▲21.3% | $20,479,013▲56.0% | $26,311,861▼7.9% | $26,319,079▼7.9% | 990 |
| 2015 | $15,012,413▼2.8% | $13,130,794▼14.2% | $28,584,174▲7.0% | $28,584,174▲6.7% | 990 |
| 2014 | $15,452,544▼26.7% | $15,297,149▲3.3% | $26,702,555▲0.6% | $26,777,555▲0.9% | 990 |
| 2013 | $21,081,491 | $14,814,406▲9.2% | $26,547,160▲30.9% | $26,547,160▲30.9% | 990 |
| 2012 | — | $13,566,348▲111% | $20,280,075▼5.9% | $20,280,075▼5.9% | 990 |
| 2011 | — | $6,430,193 | $21,549,037 | $21,549,037 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: John Sherman Jr — $15,000 (0.03% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| John Sherman Jr | Director, Secretary | 0.5 | $15,000 |
| Wayne L Hunter | Director, Treasurer | 0.5 | $12,500 |
| Alice T Goodwin | Director | 0.5 | — |
| James A Jones | Tax Officer | 0.5 | — |
| William H Goodwin Jr | Director, President | 0.5 | — |
Grants made · $55.9M in FY2024
8 grants totaling $55.9M in FY2024. All grants made by Commonwealth Foundation For Cancer Research Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Commonwealth Cancer Consortium Inc | Support for multi-institutional research in cancer indications | $27,110,000 |
| Memorial Sloan-kettering Cancer Center | Support progress in drug discovery and developmental research against cancer | $8,000,000 |
| Johns Hopkins University | Support for researchers and clincians to advance the state of cancer science | $8,000,000 |
| Md Anderson Cancer Center | Support progress in improving care for our patients with cancer | $7,500,000 |
| Massachusetts Institute of Technology | Support for clinical studies and to advance discoveries and new technologies in cancer research | $2,500,000 |
| Dana-farber Cancer Institute | Support for clinical studies and to advance discoveries and new technologies in cancer research | $2,500,000 |
| Massey Cancer Center | Support for clinical trials in cancer research | $242,186 |
| The Community Foundation Inc | Unrestricted support | $57,450 |
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Frequently asked questions
- Is Commonwealth Foundation For Cancer Research Foundation a legitimate nonprofit?
- Yes. Commonwealth Foundation For Cancer Research Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-3632101, based in Richmond, Virginia. Donations are tax-deductible.
- What is Commonwealth Foundation For Cancer Research Foundation's EIN?
- Commonwealth Foundation For Cancer Research Foundation's Employer Identification Number (EIN) is 04-3632101.
- How much revenue does Commonwealth Foundation For Cancer Research Foundation report?
- Commonwealth Foundation For Cancer Research Foundation reported $25,046,690 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Commonwealth Foundation For Cancer Research Foundation's spending goes to programs?
- Commonwealth Foundation For Cancer Research Foundation spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Commonwealth Foundation For Cancer Research Foundation have?
- CharityIndex grades Commonwealth Foundation For Cancer Research Foundation C, based on program efficiency and fundraising cost.
- How much does Commonwealth Foundation For Cancer Research Foundation's highest-paid employee make?
- The highest reported compensation on Commonwealth Foundation For Cancer Research Foundation's latest Form 990 is $15,000, paid to John Sherman Jr (Director, Secretary).
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Data for Commonwealth Foundation For Cancer Research Foundation (EIN 04-3632101) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.