Lance Armstrong Foundation Merchandise

What it reported doing in 2010

Lance armstrong foundation merchandise (lafm) was organized to be a supporting organization of lance armstrong foundation (laf). As such, the corporation is organized and operated exclusively for the benefit of the laf. Lafm conducts activities, such as merchandising and licensing activities, to further spread the livestrong message and to raise funds in support of laf's activities. Lafm offers items, such as apparel, accessories and sports gear bearing the livestrong brand for sale to individuals to visibly show their support for those living with cancer. Lafm also pursues appropriate licensing arrangements with business organizations. Laf continues to provide an expanded menu of mission-related programs. These include grants for cancer survivorship research; grants to community programs; delivery of cancer survivorship education, information, and referral and support services; and grants to survivorship centers at academic medical institutions. The foundation is committed to ensuring that each and every individual affected by cancer has the opportunity to achieve the highest quality of life possible. To that end, the foundation works tirelessly to ensure that the issues affecting cancer surviviorship are addressed by organizations and entities around the nation so that the needs of the approximately 12 million cancer survivors in the united states are met. The mission department funds a wide range of initiatives across the country in partnership with leading academic community and advocacy organizations to ensure it is fulfilling its mission.grants and partnershipsresearch program - the foundation provides research grants to institutions in the united states and abroad that address cancer survivorship. Applicants responded to a published request for proposal ("rfp") and grantees are selected based on a peer review conducted by advisors who represent a wide array of expertise in survivorship. The opportunity to support research that is patient-centered remains a high priority of the foundation. While the foundation did not formally release an original rfp and fund new research grants, it continued to monitor 60 active grants that are addressing key recommendations from the national action plan on cancer survivorship and the reports of the adolescent and young adult oncology progress review group. These grants focus on areas of need in cancer survivorship that will build on the body of knowledge and services focused on access to quality survivor care and services, adolescent and young adult health-related quality of life assessment and cost effectiveness of preventative survivorship interventions. Additionally, the foundation published a supplemental issue of the journal of general internal medicine that featured articles from the foundation's grantees.the foundation also convened a blue-ribbon panel to review the foundation's previous research grant portfolio and its impact and make recommendations for changes moving forward. The panel recommended the foundation focus its efforts to transform cancer research to be patient-centered through the exchange of electronic health information. The foundation will use these recommendations to develop its new research agenda.livestrong survivorship center of excellence network - the foundation has supported the work of survivorship centers since 2000. These centers historically worked autonomously and served both pediatric and adult survivors. In 2005, the foundation launched a new initiative to create and maintain a network of survivorship centers to foster collaboration among centers and further the impact on cancer survivorship. Only pre-selected nci-designated comprehensive cancer centers are invited to apply for funding and each must collaborate with community-based hospitals.network members:- abramson cancer center, university of Pennsylvania-philadelphia, pa- dana-farber cancer institute, boston, ma- fred hutchinson cancer research center, seattle, wa- memorial sloan-kettering, n

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 59th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 70th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 66.7%; rating input score 67; 12th percentile among comparable filings
• Governance controls: 5 of 7 controls in place; rating input score 71
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • 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: 24.6%; rating input score 88; 88th percentile among comparable filings
• Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
• Liabilities to assets ratio: Limited
• Officer compensation ratio: 0%; rating input score 93; 93rd percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: Limited
• Asset growth: Limited