Bone Marrow & Cancer Foundation Inc

Nonprofit profile at a glance

EIN
133674198
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2128383029
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Hospitals and Related Primary Medical Care Facilities

Official website

Reported finances

Revenue
$1,596,816
Expenses
$1,905,621
Assets
$1,525,218
Liabilities
$242,350

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • CHRISTINA MERRILL (PRESIDENT & CEO)

Highest reported compensation

  • CHRISTINA MERRILL (PRESIDENT & CEO): $160,734 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The bone marrow & cancer foundation, founded in 1992, is dedicated to improving the quality of life for cancer and transplant patients and their families by providing vital financial assistance, comprehensive resources, educational information, physician referrals, and emotional support programs. The bone marrow & cancer foundation is the only organization of its kind that does not limit assistance to a specific disease, type of transplant, or age range. All of the foundation's programs and services are offered to patients and their families free of charge.

What it reported doing in 2024

Guided by a medical advisory board of nationally-recognized cancer specialists and working with hospitals across the united states, the bone marrow & cancer foundation is the only organization of its kind that does not limit assistance to a specific disease, type of transplant or age range. For the past 31 years, the foundation has connected patients and their families with the services they need-from diagnosis through survivorship-to make effective decisions about treatment and its aftermath. All of the foundation's programs and services are offered to patients and their families free of charge. Our programs include: lifeline fund provides financial support for transplant patients to help cover the costs of donor searches, medications, home and child care services, medical equipment, transportation, cord blood banking, housing costs and other expenses associated with the transplant. Health insurance often does not cover these vital support services, and many patients cannot afford them on their own. One-to-one funds enable patients to reach out to family, friends, and social networks for financial support. A one-to-one fund can be created in minutes and promoted through social media or by more traditional means. All contributions to one-to-one funds are tax-deductible and do not affect a patient's medical insurance or benefits.airbnb open homes medical stays offers free temporary housing for cancer and transplant patients and their caregivers. The program relieves a tremendous burden for patients and families who must travel for life-saving treatment, thereby allowing them to go to the best cancer centers and focus on their recovery.carelines provides crowdfunding, journaling and a help calendar for anyone with a cancer diagnosis or receiving a bone marrow, stem cell or cord blood transplant. Through carelines, patients can reach out to family, friends and social networks for financial support, share updates, photos, and videos, keep track of appointments and receive help from family and community members for day-to-day tasks. All contributions to carelines are tax-deductible and do not affect a patient's medical insurance or benefits. Scholarship grants help make educational aspirations a reality for bone marrow, stem cell or cord blood transplant survivors. Grants help cover tuition fees, academic supplies, and educational homebound equipment. Grants are available to students who have received a transplant and are enrolled in either a full-time or part-time educational program.clinical care counseling provides confidential individual and family supportive counseling and resource referrals for cancer, transplant patients, and family members. Licensed therapists are available for telephone sessions to help patients, family members and caregivers with emotional support. Resource counselors are available by telephone to help patients, family members and caregivers find the necessary resources to support them with financial grants, temporary housing, travel, living expenses and costs associated with treatment.patient navigators guide anyone faced with a cancer diagnosis or needing a bone marrow or stem cell transplant, family members, and caregivers through the healthcare system to alleviate any barriers they may face during their cancer treatment. In particular, a patient navigator offers support during a time of uncertainty by identifying and connecting patients with treatment centers and medical specialists. Ask the expert gives you a way to get expert and practical answers, free of charge, easily and confidentially. You and the health care or mental health professional will remain anonymous to each other, and all communications occur online.supportline links transplant patients and their families with volunteers who have gone through the transplant experience.support groups provide patients, families and caregivers the opportunity to share experiences and draw support from one another as they continue to navigate their cance

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 67% for direct work, and 33% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 75
  • Accountability: 96
  • Sustainability: 24
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92%; rating input score 92
  • Program expense ratio: 77%; rating input score 77
  • Fundraising efficiency: $7.08 raised per $1 spent on fundraising; rating input score 27; 27th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 93.8%; rating input score 94; 25th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -19.3%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 0.8; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: 0.16; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 8.4%; rating input score 42; 42nd percentile among comparable filings

Growth

  • Program expense growth: 6.5% per year; rating input score 100; 49th percentile among comparable filings
  • Revenue growth: 5.4% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: 10.6% per year; rating input score 100; 60th percentile among comparable filings

Details

  • Where the money goes: 92% of revenue deployed · 77% of spending went to programs
  • Governance: 15 of 16 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.5M in reported program spending
  • Leadership: top reported pay $161K · 17 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $120K reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 27/100.
  • High — Sustainability: Operating margin scored 10/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.
  • Moderate — Sustainability: Officer compensation ratio scored 42/100.