EXPECT MIRACLES FOUNDATION

EIN: 204127495 501(c)(3) Philanthropy & Grantmaking

BOSTON, MA

Total Revenue
$3,172,873
Total Expenses
$3,474,407
Total Assets
$1,133,707
Net Assets
$536,425
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
MA
Principal Officer
FRANK STRAUSS
Phone
6179383484
Tax Period
2023-01-01 to 2023-12-31

EXPECT MIRACLES FOUNDATION, founded in 2007, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.2M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

EXPECT MIRACLES FOUNDATION RALLIES THE FINANCIAL SERVICES INDUSTRY AND BYEOND TO INVEST IN LIFE-SAVING CANCER RESEARCH WHILE ADVANCING THE FINANCIAL AND EMOTIONAL HEALTH OF PEOPLE IMPACTED BY CANCER. WE ARE A 501(C)(3) PUBLIC CHARITY.

Program Service Accomplishments

Program 1
Expenses: $1,000,000

DANA-FARBER CANCER INSTITUTE: EXPECT MIRACLES FOUNDATION IS A MAJOR SUPPORTER OF THE HEART OF DANA-FARBER CANCER INSTITUTE'S REVOLUTIONARY RESEARCH AND DEVELOPMENT MODEL, THE ROBERT AND RENE BELFER...

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DANA-FARBER CANCER INSTITUTE: EXPECT MIRACLES FOUNDATION IS A MAJOR SUPPORTER OF THE HEART OF DANA-FARBER CANCER INSTITUTE'S REVOLUTIONARY RESEARCH AND DEVELOPMENT MODEL, THE ROBERT AND RENE BELFER CENTER FOR APPLIED CANCER SCIENCE. THE BELFER CENTER ADDRESSES KEY CHALLENGES IN CANCER TREATMENTS BY LEVERAGING DFCI DISCOVERIES AND APPLYING THEM TO DRUG DISCOVERY AND DEVELOPMENT. THE BELFER CENTER IS FOCUSED ON IDENTIFYING STRATEGIES TO OVERCOME RESISTANCE TO EXISTING TREATMENTS. USING A COLLABORATIVE RESEARCH APPROACH THAT BRINGS TOGETHER RESOURCES FROM ACADEMIA AND THE BIOMEDICAL INDUSTRY, THE BELFER CENTER IS LEADING THE WAY IN TRANSLATING TODAY'S SCIENCE INTO TOMORROW'S TARGETED THERAPIES MORE QUICKLY THAN EVER, BRINGING NEW HOPE TO CANCER PATIENTS.

Program 2
Expenses: $400,000

MEMORIAL SLOAN KETTERING CANCER CENTER: EXPECT MIRACLES FOUNDATION SUPPORTS THE GROUNDBREAKING RESEARCH AT MEMORIAL SLOAN KETTERING CANCER CENTER'S CENTER FOR EXPERIMENTAL THERAPEUTICS, A CRITICAL...

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MEMORIAL SLOAN KETTERING CANCER CENTER: EXPECT MIRACLES FOUNDATION SUPPORTS THE GROUNDBREAKING RESEARCH AT MEMORIAL SLOAN KETTERING CANCER CENTER'S CENTER FOR EXPERIMENTAL THERAPEUTICS, A CRITICAL RESEARCH COLLABORATIVE WITH THE MISSION OF HASTENING THE TIME IT TAKES TO GET NEW, MORE EFFECTIVE AND LESS TOXIC THERAPIES TO CANCER PATIENTS. SPECIFICALLY, WE SUPPORT THE REVOLUTIONARY WORK OF THE HELLER LAB, LED BY DANIEL HELLER, PHD, WHICH IS FOCUSED ON UTILIZING NANOMEDICINE TO SOLVE THE PARADOX OF METASTATIC CANCER, WHICH ACCOUNTS FOR 90% OF CANCER DEATHS.

Program 3
Expenses: $409,849

SAMFUND GRANTS CANCER ISN'T FREE, ESPECIALLY IF YOU'RE A YOUNG ADULT JUST STARTING OUT. THAT IS WHY WE ARE PROUD TO PROVIDE FINANCIAL ASSISTANCE TO YOUNG ADULT CANCER SURVIVORS TO HELP WITH EVERYDAY...

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SAMFUND GRANTS CANCER ISN'T FREE, ESPECIALLY IF YOU'RE A YOUNG ADULT JUST STARTING OUT. THAT IS WHY WE ARE PROUD TO PROVIDE FINANCIAL ASSISTANCE TO YOUNG ADULT CANCER SURVIVORS TO HELP WITH EVERYDAY LIVING EXPENSES, LIKE RENT, MORTGAGE, CAR PAYMENTS, DENTAL, RECONSTRUCTIVE SURGERY, CONTINUING EDUCATION, AND FAMILY BUILDING EXPENSES, SUCH AS FERTILITY STORAGE, IVF, SURROGACY, AND ADOPTION. OUR SAMFUND GRANTS ACT AS A LIFELINE FOR YOUNG ADULTS WHO ARE EXTREMELY VULNERABLE TO THE FINANCIAL TOXICITY CAUSED BY A CANCER DIAGNOSIS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,842,443
Program Service Revenue $0
Investment Income $7,822
Other Revenue $-677,392
TOTAL REVENUE $3,172,873

Expense Breakdown

Grants Paid $1,809,849
Salaries & Benefits $1,367,309
Fundraising Expenses $824,357
Program Expenses $2,275,353
Other Expenses $297,249
TOTAL EXPENSES $3,474,407

Year-over-Year Comparison

2023 2022 Change
Revenue $3,172,873 $3,435,580 -0.1%
Expenses $3,474,407 $3,677,497 -0.1%
Net Income $-301,534 $-241,917 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
35
Independent Members
35
Employees
13
Volunteers
275

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$345,268
Total Directors
35
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK HEAVEY EXECUTIVE DIRECTOR 40.00
Officer
$320,000 $25,268 $345,268
ANN MANION MANAGING DIRECTOR 40.00
Highest
$155,000 $3,500 $158,500
FRANK STRAUSS PRESIDENT/CHAIR 2.00
Officer Director
$0 $0 $0
GARY ENOS VICE PRESIDENT/DIRECTOR 2.00
Officer Director
$0 $0 $0
CHRIS KOWILCIK TREASURER/DIRECTOR 2.00
Officer Director
$0 $0 $0
CHRISTINE GILL CLERK/DIRECTOR 2.00
Officer Director
$0 $0 $0
SANDY BOLTON DIRECTOR 2.00
Director
$0 $0 $0
CHRISTINE CHIGOUNIS DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL COLLINS DIRECTOR 2.00
Director
$0 $0 $0
ANNE DUDUCH DIRECTOR 2.00
Director
$0 $0 $0
ROBERT EATON DIRECTOR 2.00
Director
$0 $0 $0
AMY FISCHER DIRECTOR 2.00
Director
$0 $0 $0
MARGARET FLYNN-MARTIN DIRECTOR 2.00
Director
$0 $0 $0
LEX FRIEDMAN DIRECTOR 2.00
Director
$0 $0 $0
KAELA GIBBONS DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER GOTTLIEB DIRECTOR 2.00
Director
$0 $0 $0
MATT GOULET DIRECTOR 2.00
Director
$0 $0 $0
CLINT HARRIS DIRECTOR 2.00
Director
$0 $0 $0
THOM JONES DIRECTOR 2.00
Director
$0 $0 $0
MIKE KEENAN DIRECTOR 2.00
Director
$0 $0 $0
JOHN LUNNY DIRECTOR 2.00
Director
$0 $0 $0
JANE MANCINI DIRECTOR 2.00
Director
$0 $0 $0
STEVE MARGOLIS DIRECTOR 2.00
Director
$0 $0 $0
DAVID MARTOCCI DIRECTOR 2.00
Director
$0 $0 $0
ANDY MCFETRIDGE DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL MCKEIGUE DIRECTOR 2.00
Director
$0 $0 $0
SHERRY MORELAND DIRECTOR 2.00
Director
$0 $0 $0
TODD MOYER DIRECTOR 2.00
Director
$0 $0 $0
JON PARISI DIRECTOR 2.00
Director
$0 $0 $0
KRISTEN PICKENS DIRECTOR 2.00
Director
$0 $0 $0
LEAH RITCHIE DIRECTOR 2.00
Director
$0 $0 $0
DAVID ROSEN DIRECTOR 2.00
Director
$0 $0 $0
BRIAN SHLISSEL DIRECTOR 2.00
Director
$0 $0 $0
TRACI SIMPSON DIRECTOR 2.00
Director
$0 $0 $0
MIKE SMALL DIRECTOR 2.00
Director
$0 $0 $0
LUCI STRAUSS-GARREN DIRECTOR 2.00
Director
$0 $0 $0
MARTY SULLIVAN DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,172,873 $3,474,407 $1,133,707 $-301,534
2022 $3,048,284 $3,266,819 $1,088,355 $-218,535
2022 $3,435,580 $3,677,497 $1,499,112 $-241,917
2021 $3,032,980 $2,587,145 $1,337,728 $445,835
2021 $3,378,544 $2,627,083 $1,499,402 $751,461
2020 $2,641,104 $2,745,350 $879,191 $-104,246
2020 $2,808,634 $2,688,308 $1,255,036 $120,326
2019 $2,767,717 $2,715,971 $940,943 $51,746
2018 $2,103,079 $1,950,168 $1,341,234 $152,911
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