Cystic Fibrosis Foundation
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$1,396,595.00
Projected Expenses
$758,424.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Tax exempt | 2022 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $248,630,352.00 | $417,237,551.00 | $800,629,953.00 |
| Total Expenses | $396,664,114.00 | $375,611,186.00 | $381,380,991.00 |
| Revenue Less Expenses | ($148,033,762.00) | $41,626,365.00 | $419,248,962.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $31,600,653.00 | $36,012,981.00 | $25,095,186.00 |
| Indirect Public Support | $303,736.00 | $362,626.00 | $427,067.00 |
| Earned Revenue | $2,594,761.00 | $1,273,633.00 | $573,216,735.00 |
| Investment Income, Net of Losses | $128,066,687.00 | $306,161,908.00 | $109,737,455.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $56,151,039.00 | $45,841,986.00 | $44,222,819.00 |
| Revenue In-Kind | $9,893,530.00 | $4,318,566.00 | $3,454,283.00 |
| Other | $20,019,946.00 | $23,265,851.00 | $44,476,408.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $323,348,816.00 | $319,494,536.00 | $327,578,271.00 |
| Administration Expense | $42,879,557.00 | $35,269,739.00 | $32,223,198.00 |
| Fundraising Expense | $30,435,741.00 | $20,846,911.00 | $21,579,522.00 |
| Total Revenue/Total Expenses | 63% | 111% | 210% |
| Program Expense/Total Expenses | 82% | 85% | 86% |
| Fundraising Expense/Contributed Revenue | 8% | 6% | 6% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Investment Income $128,066,687.00 | Investment Income $306,161,908.00 | Program Revenue $573,216,735.00 |
| Second Highest Funding Source & Dollar Amount | Fundraising Events $56,151,039.00 | Fundraising Events $45,841,986.00 | Investment Income $109,737,455.00 |
| Third Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $31,600,653.00 | Contributions, Gifts, and Grants $36,012,981.00 | Other Revenue $44,476,408.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $4,735,058,992.00 | $5,691,109,976.00 | $5,369,999,661.00 |
| Current Assets | $135,042,769.00 | $110,479,487.00 | $119,172,124.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $291,339,976.00 | $274,479,667.00 | $271,006,647.00 |
| Total Net Assets | $4,443,719,016.00 | $5,416,630,309.00 | $5,098,993,014.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$4,000,000,000.00
What is the spending policy for your endowment?
N/A
Capital Campaign Info
Are you currently in a Capital Campaign?
Yes
Do you anticipate a campaign in the next 5 years?
No
What is the campaign goal?
$125,000,000.00
What is the purpose of the capital campaign?
We are driven by a dream that every person with cystic fibrosis should have the chance to live a long, healthy life. To achieve this vision, we are embarking on the Milestones III: Driven by a Dream campaign. Genetic therapies - our best hope for curing cystic fibrosis - are more complex than anything we have ever done and will require a substantial investment.
With your support, we can invest our resources in research today, while raising funds for tomorrow in order to reach the finish line. We will not leave anyone behind.
Campaign Start
January 2020
Campaign End
December 2024
Campaign Raised to Date Month
January
Campaign Raised to Date Year
2024
Campaign Raised to Date Amount
$75,000,000.00
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures taken from Form 990. Form 990 was completed by KPMG, LLP. Foundation contributions may be included in Individual contributions, as these are not broken down. Comment provided by Hayley Sulfridge 1/29/24. |
