Cancer Research Society
Montreal, QC H3A 3S5
President & CEO: Max Fehlmann
Board Chair: Martin Thibodeau
Charitable Reg. #: 11915 3229 RR0001
Grade: B+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to the Cause
Full-time staff #26
Avg. Compensation $75,720
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||0|
|$80k - $120k||5|
|$40k - $80k||4|
About Cancer Research Society:
Founded in 1945 in Montreal, Cancer Research Society (CRS) is a national charity whose mission is to fund research on the prevention, detection, and treatment of all types of cancer. CRS highlights that there are over 200 different types of cancer and this disease is the leading cause of death in Canada. In F2018, CRS received 452 applications for research grants and selected 69 new projects to fund. In F2018, CRS granted $16.5m to its four programs: operating grants, scholarships for next generation scientists, strategic initiatives, and UpCycle: drug repurposing grant. In F2018, CRS granted 65% of its $16.5m on causes and prevention research initiatives, 19% on detection research, and 65% on treatment research.
In F2018, Cancer Research Society granted $8.3m to operating grants. Operating grants provide salary and research funding of $120k for two years. This is the charity’s primary granting. In addition to the 69 new projects funded, CRS continued to fund 59 previously funded projects in F2018.
Cancer Research Society funds several high-impact projects across Canada including the CIHR initiative for studying the late effects of childhood cancer treatments and the Exactis Innovation “Personalize My Treatment” Initiative. In F2018, CRS worked with 28 strategic partners, including 13 new partners. Moreover, CRS funds the PROCURE/Cancer Research Society Prostate Cancer Biobank. The Cancer Research Society, in collaboration with PROCURE and generous donors, has provided $4.5m in funding for a biobank of over 2,000 patients to help identify genetic and biomolecular indicators of prostate cancer associated with tumour aggressiveness and recurrence
Cancer Research Society funds future generations through a unique program developed in 2013 to support young scientists at the postdoctoral level and help them transition into a research position in a Canadian university or research centre. In F2018, four scholarships were awarded. Recipients of the $170k scholarships are funded for three years. In addition, Cancer Research Society has launched UpCycle, a new funding program focused on repositioning drugs. This is an approach which has proven its worth in numerous fields of therapy and aims for reorienting the use of existing drugs for new applications. In F2018, five researchers were granted the $100k grant over one year.
Results and Impact:
Cancer Research Society highlights that as a result of the research it has funded, survival rates for chronic myelogenous leukemia have increased from 50% to over 90% within a few years. In general, over the past 25 years, CRS shows that cancer research has led to increases in 5-year survival rates for various cancer types, including lung (24% increase from 1994 to 2017), breast (7% increase from 1994 to 2017), and prostate (10% increase from 1994 to 2017).
Cancer Research Society is one of Canada's Major 100 charities. It received donations of $28.7m in F2018. Administrative costs are 5% of revenues (excluding investment income) and fundraising costs are 33% of donations. This means for every dollar donated, 63 cents go to the cause. This is just below Ci’s reasonable range.
CRS has total funding reserves of $34.9m, including $121k in donor-endowed funds. Excluding donor-endowed funds, funding reserves can cover program costs for just over 2 years.
This charity report is an update that has been sent to Cancer Research Society for review. Changes and edits may be forthcoming.
Updated on June 4, 2019 by Parker Thomlinson.
Financial RatiosFiscal year ending August
|Administrative costs as % of revenues||4.7%||7.6%||7.1%|
|Fundraising costs as % of donations||32.6%||37.3%||32.0%|
|Program cost coverage (%)||211.8%||266.7%||221.7%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||3,987||5||(425)|