Lake Champlain Cancer Research Org Inc

Address
7 Cindy Lane
Essex Jct, VT 05452
Contact
Phone: +1 (802) 878-8723
Nonprofit
NTEE: H30 - Cancer Research
EIN: 22-2240867

Mission

TO PROVIDE FUNDS/ENABLE MEDICAL RESEARCH FOR THE PREVENTION, CONTROL AND TREATMENT OF CANCER AND RELATED DISEASES.
 20172016201520142013
Basic features of the organization
Year of formation1978
Subsection code03
PF filing required0    
Metropolitan statistical area1303
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$6,000.00$6,000.00$6,000.00$6,000.00$6,000.00
Sum of reportable (W2/1099) compensation$6,000.00$6,000.00$6,000.00$6,000.00$6,000.00
Number of employees00000
Number of people compensated >$100k00000
Number of volunteers6    
Number of highly compensated contractors00000
Personnel
Bitner, William
TitlePresidentPresidentPresidentPres/ChairmanPres/Chairman
Name of key/compensated personWILLIAM L BITNER III PhDWILLIAM L BITNER III PhDWILLIAM L BITNER III PhDDR WILLIAM L BITNER IIIDR WILLIAM L BITNER III
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org5.005.005.005.005.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Formenti, Silvia
TitleDirectorDirectorDirector  
Name of key/compensated personSilvia C Formenti MDSilvia C Formenti MDSilvia C Formenti MD  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org2.002.002.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Average hours per week working for related orgs0.000.000.00  
Frank, Alex
Title   TreasurerTreasurer
Name of key/compensated person   Alex FrankDR ALEX FRANK
Position of compensated person
Current individual trustee or director   TrueTrue
Current officer   TrueTrue
Average hours per week working for org   2.002.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   0.000.00
Higgins, Barbara
TitleSec/Asst TreasSec/Asst TreasSec/Asst TreasSec/Asst TreasSecretary
Name of key/compensated personBarbara HigginsBarbara HigginsBarbara HigginsBarbara HigginsBarbara Higgins
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org5.005.005.005.005.00
Reportable compensation from org$6,000.00$6,000.00$6,000.00$6,000.00$6,000.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
MacKey, Rosemary
TitleTreasurerTreasurerTreasurerTreasurerDirector
Name of key/compensated personROSEMARY MACKEYROSEMARY MACKEYROSEMARY MACKEYROSEMARY MACKEYROSEMARY MACKEY
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrue 
Average hours per week working for org2.002.002.002.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Mph, Jerome
TitleVice PresidentVice PresidentVice President  
Name of key/compensated personJEROME W YATES MD MPHJEROME W YATES MD MPHJEROME W YATES MD MPH  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrueTrueTrue  
Average hours per week working for org2.002.002.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Average hours per week working for related orgs0.000.000.00  
Sponzo, Robert
Title   DirectorDIRECTOR
Name of key/compensated person   Dr Robert SponzoDR ROBERT W SPONZO
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   2.002.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   0.000.00
Stewart, James
TitleDirectorDirectorDirector  
Name of key/compensated personJames A Stewart MDJames A Stewart MDJames A Stewart MD  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org2.002.002.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Average hours per week working for related orgs0.000.000.00  
Verschraegen, Claire
Title Executive Dir.Executive Dir.Executive Dir.Executive Dir.
Name of key/compensated person DR CLAIRE VERSCHRAEGENDR CLAIRE VERSCHRAEGENDR CLAIRE VERSCHRAEGENDR CLAIRE VERSCHRAEGEN
Position of compensated person
Current individual trustee or director    True
Current officer TrueTrueTrueTrue
Average hours per week working for org 2.002.002.002.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Average hours per week working for related orgs 0.000.000.000.00
Wallace, H
TitleExecutive Dir.    
Name of key/compensated personH James Wallace MD    
Position of compensated person
Current officerTrue    
Average hours per week working for org2.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
Weiner, Louis
TitleDirectorDirectorDirectorDirector 
Name of key/compensated personLouis M Weiner MDLouis M Weiner MDLouis M Weiner MDLouis Weiner MD 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org2.002.002.002.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Average hours per week working for related orgs0.000.000.000.00 
Yates, Jerome
Title   Vice PresidentVice President
Name of key/compensated person   DR JEROME W YATESDR JEROME W YATES
Position of compensated person
Current individual trustee or director   TrueTrue
Current officer   TrueTrue
Average hours per week working for org   2.002.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   0.000.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROVIDE FUNDS/ENABLE MEDICAL RESEARCH FOR THE PREVENTION, CONTROL AND TREATMENT OF CANCER AND RELATED DISEASES.TO PROVIDE FUNDS/ENABLE MEDICAL RESEARCH FOR THE PREVENTION, CONTROL AND TREATMENT OF CANCER AND RELATED DISEASES.TO PROVIDE FUNDS/ENABLE MEDICAL RESEARCH FOR THE PREVENTION, CONTROL AND TREATMENT OF CANCER AND RELATED DISEASES.TO PROVIDE FUNDS/ENABLE MEDICAL RESEARCH FOR THE PREVENTION, CONTROL AND TREATMENT OF CANCER AND RELATED DISEASES.TO PROVIDE FUNDS/ENABLE MEDICAL RESEARCH FOR THE PREVENTION, CONTROL AND TREATMENT OF CANCER AND RELATED DISEASES.
Program service expenses, total$596,439.00$712,586.00$810,240.00$731,027.00$544,020.00
Programs, including revenue & expenses
FUNDS TO ENABLE MEDICAL RESEARCH FOR THE TREATMENT OF CANCER AND RELATED DISEASES.
Program expenses$596,439.00$712,586.00$810,240.00$731,027.00$544,020.00
Grants and allocations made$296,120.00$344,509.00$569,758.00  
Program descriptionFUNDS TO ENABLE MEDICAL RESEARCH FOR THE TREATMENT OF CANCER AND RELATED DISEASES.FUNDS TO ENABLE MEDICAL RESEARCH FOR THE TREATMENT OF CANCER AND RELATED DISEASES.FUNDS TO ENABLE MEDICAL RESEARCH FOR THE TREATMENT OF CANCER AND RELATED DISEASES.FUNDS TO ENABLE MEDICAL RESEARCH FOR THE TREATMENT OF CANCER AND RELATED DISEASES.FUNDS TO ENABLE MEDICAL RESEARCH FOR THE TREATMENT OF CANCER AND RELATED DISEASES.
Financial data
Revenue
Total revenue$1,008,150.00$178,545.00$1,055,947.00$2,089,834.00$875,953.00
Revenue from contributions (total)$508.00$28.00$123.00$25.00$0.00
Investment income, current yr$1,007,642.00$178,517.00$1,055,824.00$2,089,809.00$875,953.00
Total revenue from grants, etc., current yr$508.00$28.00$123.00$25.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$0.00$0.00$0.00$0.00$0.00
Gross receipts$5,536,049.00$5,446,326.00$7,755,910.00$9,628,843.00$7,979,751.00
Sources of contributions
Revenue from all other contributions$508.00$28.00$123.00$25.00 
Other types of revenue
Royalties (total)$0.00$0.00$0.00$0.00$0.00
Miscellaneous revenue (total)$0.00$0.00$0.00$0.00$0.00
Net revenue from gaming (total)$0.00$0.00$0.00$0.00$0.00
Income from dividends, interest, and similar investments$536,491.00$511,240.00$549,536.00$738,593.00$575,440.00
Net rental income$0.00$0.00$0.00$0.00$0.00
Net income from fundraising events$0.00$0.00$0.00$0.00$0.00
Net inventory sales (total)$0.00$0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$708,559.00$813,328.00$916,249.00$838,101.00$636,967.00
Total functional expenses: program service $596,439.00$712,586.00$810,240.00$731,027.00$544,020.00
Total functional expenses: management and general$112,120.00$100,742.00$106,009.00$107,074.00$92,947.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Lobbying fees (total)$0.00$0.00$0.00$0.00$0.00
Legal fees (total)$8,902.00$1,380.00$5,820.00$6,539.00$90.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$0.00$0.00$0.00$0.00$0.00
Investment management fees (total)$83,640.00$79,929.00$81,517.00$0.00$0.00
Assets and liabilities
Total assets$24,265,541.00$22,129,438.00$21,673,529.00$22,613,052.00$21,868,094.00
Total assets, beginning of year$22,129,438.00$21,673,529.00$22,613,052.00$21,868,094.00$19,910,111.00
Total liabilities$112,345.00$126,912.00$296,669.00$243,129.00$191,497.00
Total liabilities, beginning of year$126,912.00$296,669.00$243,129.00$191,497.00$98,555.00
Pledges & accounts receivable, net$0.00$0.00$0.00$0.00$0.00
Loans & receivables from key persons$0.00$0.00$0.00$0.00$0.00
Unrestricted net assets, end of yr$24,153,196.00$22,002,526.00$21,376,860.00$22,369,923.00$21,676,597.00
Net assets$24,153,196.00$22,002,526.00$21,376,860.00$22,369,923.00$21,676,597.00
Net assets, beginning of year$22,002,526.00$21,376,860.00$22,369,923.00$21,676,597.00$19,811,556.00
Intangible assets$0.00$0.00$0.00$0.00$0.00
Other assets$0.00$0.00$0.00$0.00$0.00
Investments: other securities$0.00$0.00$0.00$0.00$0.00
Investments: publicly traded securities$22,657,081.00$21,719,631.00$20,141,420.00$22,092,539.00$20,820,910.00
Cash: non-interest bearing$769.00$3,634.00$1,926.00$4,129.00$6,176.00
Cash: non-interest bearing, beginning of year$3,634.00$1,926.00$4,129.00$6,176.00 
Investments -- program-related$0.00$0.00$0.00$0.00$0.00
Inventories for sale or use$0.00$0.00$0.00$0.00$0.00
Other financial variables
Revenue less expenses$299,591.00-$634,783.00$139,698.00$1,251,733.00$238,986.00
Advertising (total)$0.00$0.00$0.00$0.00$0.00
Savings & temp cash investment$1,549,084.00$354,472.00$1,460,685.00$447,319.00$969,306.00
Accounts receivable, net$58,607.00$51,701.00$69,177.00$68,378.00$70,649.00
Prepaid expenses & deferred charges$0.00$0.00$0.00$0.00$0.00
Accounts payable & accrued expenses$112,345.00$126,912.00$296,669.00$243,129.00$191,497.00
Total net assets or fund balances$24,153,196.00$22,002,526.00$21,376,860.00$22,369,923.00$21,676,597.00
Depreciation, depletion, amortization$0.00$321.00$366.00$366.00$367.00
Payment to affiliates$0.00$0.00$0.00$0.00$0.00
Governance and accountability
Number of voting members77777
Number of independent voting members77777
Financial sheets auditedTrueTrueTrue  
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2017-01-012016-01-012015-01-012014-01-012013-01-01
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5kTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-10-012017-11-302016-11-042016-01-122014-11-24
IRS schema version2017v2.22016v3.02015v2.02014v5.02013v3.1
Filing identifier201812089349300916201742909349300204201622109349301082201522819349300707201423009349300442
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