Stand Up To Cancer Canada
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
B-
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
79%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 79 cents are available for programs.
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OVERVIEW
About Stand Up To Cancer Canada:
Stand Up To Cancer is a 3-star rated charity with a below-average results reporting grade. It is financially transparent. It has reasonable overhead costs, and with its reserve funds the charity can cover just under two years of annual program costs.
Founded in 2014, Stand Up To Cancer Canada (SU2C Canada) raises money and awareness for cancer research. According to the charity, 84,600 Canadians are expected to die from cancer in 2022. The was launched (and is licensed) by the U.S.-based Entertainment Industry Foundation, which promotes philanthropy in the entertainment sector. The charity runs a biennial televised fundraising event in collaboration with its American counterpart.
Stand Up To Cancer Canada distributed research grants to one registered charity in F2022. The charity granted a total of $233k in F2022, plus $450k in grants that were due from the prior year. Specifically, the charity granted $220k to American Association for Cancer Research International - Canada (AACR) and $12k to a non-qualified donee meaning a non-charitable organization. The grants to AACR fund SU2C Canada's Dream Teams . The Dream Teams are multidisciplinary research teams, composed of researchers from different institutions. SU2C Canada currently sponsors four teams of researchers looking at breast cancer, pancreatic cancer, and brain cancer.
SU2C Canada spent $32k on public awareness and education programs in F2022. SU2C Canada runs promotional campaigns to educate Canadians on cancer.
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Results and Impact
SU2C has not posted an annual report for 2022, 2021, 2020, 2019, or 2018. Most of these results below refer to a report from 2017.
Stand Up To Cancer Canada posts progress reports for its funded Dream Teams. The current Stem Cell Team report states that in December 2017, researchers identified two new drugs that can inhibit brain tumor stem cells. The team has also published three papers with significant research findings in peer-reviewed journals in 2017 and 2018.
The Breast Cancer Team has published three papers with significant findings in peer-reviewed journals in 2017 and 2018. Phase one clinical trials of all three drugs being investigated by the team finished in June 2018. Two drugs showed no dose-limiting toxicity and clinical responses, indicating they could proceed to phase II trials. As of January 2019, a phase II trial has started for one drug.
While Ci highlights these key results, they may not be a complete representation of Stand up To Cancer Canada's results and impact. The charity is not yet rated on impact (n/r).
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Finances
Stand Up To Cancer Canada received $576k in donations in F2022 ($1.9m in F2021). The charity received $4.8m in donated media in F2022 but, given that there was no television fundraising event in F2022, it did not receive any donated media during the year. Administrative costs are 21% of revenues (1% in F2021) and the audited financial statements report zero fundraising costs. For every dollar donated to the charity, 79 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
Other costs for F2022 include $1.5m in refund of contributions related to research project. In Note 6 of its F2022 audited financial statements, the charity notes that in 2018 it entered into an agreement with the Canadian Cancer Society (CCS) whereby CCS would grant $4.0m to SU2C Canada over a period of four years (2018-2022). The money was for a research project which was expected to be completed in 2022, but was discontinued before completion. Hence SU2C Canada had to refund the unused funds.
Stand Up To Cancer Canada has $1.2m in reserve funds. These are the charity’s cash and investments. The charity can cover one year and eight months of annual program costs with current reserves.
In its annual filings with the Charities Directorate, SU2C Canada has not reported any full-time or part-time employees since inception in F2014. SU2C Canada paid $90k in professional and consulting fees in F2022 ($73k in F2021).
SU2C Canada is closely related with the American-based Entertainment Industry Foundation (EIF). The two organizations share common directors. At the end of F2022, the charity reports amount payable to EIF of $15k ($6k in F2021).
This report is an update that has been sent to Stand Up To Cancer Canada for review. Comments and edits may be forthcoming.
Updated on July 17, 2023 by Alessandra Castino.
Financial Review
Fiscal year ending December
|
2022 | 2021 | 2020 |
---|---|---|---|
Administrative costs as % of revenues | 21.1% | 1.4% | 2.8% |
Fundraising costs as % of donations | 0.0% | 0.0% | 0.0% |
Total overhead spending | 21.1% | 1.4% | 2.8% |
Program cost coverage (%) | 168.9% | 244.2% | 222.0% |
Summary Financial StatementsAll figures in $s |
2022 | 2021 | 2020 |
---|---|---|---|
Donations | 575,900 | 1,922,034 | 782,742 |
Goods in kind | 0 | 4,820,728 | 4,306,980 |
Other income | 28,889 | 14,617 | 22,148 |
Total revenues | 604,789 | 6,757,379 | 5,111,870 |
Program costs | 31,770 | 86,874 | 148,552 |
Grants | 681,534 | 1,112,385 | 897,456 |
Donated goods exp | 0 | 4,820,730 | 4,306,980 |
Administrative costs | 127,656 | 94,187 | 144,995 |
Fundraising costs | 0 | 0 | 0 |
Other costs | 1,503,056 | 0 | 0 |
Total spending | 2,344,016 | 6,114,174 | 5,497,983 |
Cash flow from operations | (1,739,227) | 643,205 | (386,113) |
Capital spending | 0 | 0 | 0 |
Funding reserves | 1,204,705 | 2,928,357 | 2,322,554 |
Note: Ci adjusted for pledges receivable affecting revenue by $121k in F2022, $1.6m in F2021, and ($1.3m) in F2020. Donated goods in kind includes donated media of $4.8m in F2021 and $4.3m in F2020. Ci adjusted for changes in grants payable affecting expenses by $449k in F2022, $265k in F2021, and ($527k) in F2020.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
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Tel: 1-800-207-4204