THE CANARY FUND DBA CANARY FOUNDATION

EIN: 651230251 501(c)(3) Philanthropy & Grantmaking

Woodside, CA

Total Revenue
$1,883,312
Total Expenses
$1,352,591
Total Assets
$1,687,918
Net Assets
$1,664,235
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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
CA
Principal Officer
Don Listwin
Phone
6506463200
Tax Period
2023-01-01 to 2023-12-31

THE CANARY FUND DBA CANARY FOUNDATION, founded in 2004, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.9M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $531K, a strong 28% operating margin.

Mission

Canary Foundation is a public charity exempt from U.S. federal income tax under Section 501(c)(3) of the Internal Revenue Code in the United States. Canary Foundation of Canada is a Public Foundation registered with the Canada Revenue Agency; Business Number 82906 8550 RROOO1.The Canary Foundation has assembled teams of cancer researchers recognized by their peers as leaders in their disciplines from across multiple institutions and disciplines to attack the problem of early detection in a new, collaborative, action-oriented manner with the foremost objective of translating research into clinical applications. Canary differentiators include: * Dedication to early detection * Leaders in collaborative science * Focused and managed research * Best-in-class talent * 100% of donations goes to researchOne of the first decisions the Science Team made was to choose ovarian cancer as a prototype for creating an early detection blood test to detect trace amounts of proteins called biomarkers pro

Program Service Accomplishments

Program 1
Expenses: $1,105,307

The goal of the Canary Scientific Programs is to develop blood tests and imaging tests that can together be used to detect lethal cancers at a curable stage. Our plan for early and accurate cancer...

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The goal of the Canary Scientific Programs is to develop blood tests and imaging tests that can together be used to detect lethal cancers at a curable stage. Our plan for early and accurate cancer detection involves first screening patients with a blood test and then moving those patients who tested positive to a high-resolution imaging test to further isolate cancer so that it can be removed. Canary Foundation is focused on five cancer types, each of which presents a significant opportunity to save lives and prevent unnecessary treatments through early detection of otherwise lethal disease: cancer of the ovary, pancreas, lung, breast and prostate. Chances of survival are highest when cancer is detected before it spreads. Thus, accurate detection of cancer that would otherwise be lethal at its earliest stage promises to dramatically improve survival after diagnosis. Canary supports early detection

Program 2

research programs in each of these cancer areas as well as a Collaborations Program with collaborating early detection programs and centers that include the Canary Center at Stanford for Cancer Early...

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research programs in each of these cancer areas as well as a Collaborations Program with collaborating early detection programs and centers that include the Canary Center at Stanford for Cancer Early Detection.Canary Ovarian Cancer Program: The goal of our ovarian research program is to develop a strategy to accurately identify ovarian cancers that would otherwise be lethal at a stage when they are readily curable. Our vision is of a two-stage screening strategy, consisting of a simple blood test followed by a molecular imaging test. Development of blood and imaging tests follows a similar roadmap; both include biomarker discovery followed by validation, but they also involve different techniques and challenges.

Program 3

Canary Lung Cancer Program:Canary is focused on developing diagnostics with high sensitivity and specificity to detect otherwise lethal lung cancers at a stage when they are readily curable. To this...

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Canary Lung Cancer Program:Canary is focused on developing diagnostics with high sensitivity and specificity to detect otherwise lethal lung cancers at a stage when they are readily curable. To this end, Canary has assembled a team of experts who are collaborating to discover and validate biomarkers for blood and imaging tests that together will identify individuals harboring lethal lung cancers so that they can be removed.The Canary Lung Cancer Program has supported the development and maintenance of critical biospecimen resources, blood biomarker discovery and validation, molecular imaging projects for early detection of lethal lung cancer, and epidemiology and modeling for effective lung cancer screening. (Continued on Schedule O)

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,858,743
Program Service Revenue $0
Investment Income $24,569
Other Revenue $0
TOTAL REVENUE $1,883,312

Expense Breakdown

Grants Paid $881,040
Salaries & Benefits $245,694
Fundraising Expenses $175,840
Program Expenses $1,105,307
Other Expenses $225,857
TOTAL EXPENSES $1,352,591

Year-over-Year Comparison

2023 2022 Change
Revenue $1,883,312 $2,494,481 -0.2%
Expenses $1,352,591 $1,374,478 0.0%
Net Income $530,721 $1,120,003 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
3
Volunteers
N/A

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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Heidi Auman Program Manager 40.00
$168,000 $22,500 $190,500
Don Listwin Founder & CEO 8.00
Officer Director
$0 $0 $0
Kevin Kennedy Treasurer 4.00
Officer Director
$0 $0 $0
Michael Ball Director 4.00
Director
$0 $0 $0
Dale Jantzen Director 4.00
Director
$0 $0 $0
Hilary Valentine Director 4.00
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 $1,883,312 $1,352,591 $1,687,918 $530,721
2022 $2,494,481 $1,374,478 $1,170,913 $1,120,003
2021 $664,526 $936,652 $632,764 $-272,126
2020 $2,702,998 $3,809,221 $2,590,779 $-1,106,223
2019 $5,877,404 $838,453 $6,529,556 $5,038,951
2018 $3,072,122 $2,446,360 $3,575,137 $625,762
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