Prostate Cancer Research Inc

Nonprofit profile at a glance

EIN
853336070
IRS 990 coverage
2021–2023
Forms available
Form 990 2023, Form 990-N 2020
Location
Dover, DE, USA
Phone
2037355447
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Diseases of Specific Organ Research

Official website

Reported finances

Revenue
$22,687
Expenses
$420,739
Assets
$30,551
Liabilities
$753,173

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • RICHARD COLLIER (PRESIDENT)

People named in this filing

  • MICHELLE MCGUINNESS (DIRECTOR)
  • ADAM SCHAYOWITZ (DIRECTOR)
  • CHRISTOPHER SHEPARD (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization's has 6 core goals to guide their decision making. The first goal is to become the gold standard for prostate cancer research. Goal 2 is to strengthen their credibility and reputation among the research community. Goal 3 is to form partnerships and build bridges between the scientific community, government, the pharmaceutical industry & those affected by prostate cancer. Goal 4 is to assemble experts on all aspects of running a successful and robust research charity. Goal 5 is to foster a culture of continuous learning, and build a shared sense of purpose to achieve their goals. Goal 6 is to create sustainable growth by taking a dual approach of bidding for larger grants, while also strategically investing funds to build flexible funding.

What it reported doing in 2023

Prc works to provide research on prostate cancer focusing on two core themes. 1 - how to improve the classifications of advanced prostate cancer, and their ability to predict which treatments will work best for individual patients based on their particular prostate cancer subtype. 2 discovering new treatments for advanced prostate cancer by investigating how to contain cancerous cells within the prostate and prevent it from becoming advanced, and finding therapies for when the disease has become advanced.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 92% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 90
  • Accountability: 94
  • Sustainability: 11
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 57.1%; rating input score 57
  • Fundraising efficiency: $0.19 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 26th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -1,754.5%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 0.07; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 24.65; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 138.2% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: -28% per year; rating input score 0; 15th percentile among comparable filings
  • Asset growth: 26.3% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 57.1% of spending went to programs
  • Governance: 9 of 9 board members independent · 6 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $240K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 23 of 24 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 3 filing years from 2021 to 2023
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • 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.

  • Review — Financial Efficiency: Program expense ratio scored 57/100.
  • High — Financial Efficiency: Fundraising efficiency scored 10/100.
  • High — Sustainability: Operating margin scored 4/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • Review — Accountability: Governance controls: Audit committee oversight not reported.
  • Moderate — Transparency & Controls: Schedule M noncash within contributions did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.