THE THANC FOUNDATION INC

EIN: 800062118 501(c)(3) Diseases & Disorders

NEW YORK, NY

Total Revenue
$1,296,930
Total Expenses
$1,110,908
Total Assets
$5,897,324
Net Assets
$5,861,190
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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
DE
Phone
6466853982
Tax Period
2023-01-01 to 2023-12-31

THE THANC FOUNDATION INC, founded in 2003, is a community nonprofit in the Diseases & Disorders sector that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $1.1M left a modest 14% surplus.

Mission

THANC FOUNDATION IS COMMITTED TO THE RESEARCH AND EDUCATION IN EARLY DETECTION AND TREATMENT OF THYROID, HEAD AND NECK CANCER AND TO ADVANCE NEW THERAPEUTIC APPROACHES, AND TO ALLEVIATE THE SUFFERING AND IMPAIRMENT OF PATIENTS WHO UNDERGO TREATMENT.

Program Service Accomplishments

Program 1
Expenses: $709,619

Form 990, Part III, Line 4a Program Service Accomplishments:The THANC Foundation carries out research related to head and neck and thyroid cancer; provides education for both the physicians who treat...

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Form 990, Part III, Line 4a Program Service Accomplishments:The THANC Foundation carries out research related to head and neck and thyroid cancer; provides education for both the physicians who treat these patients as well as patients and their caregivers, and also provides patient support materials via online resources. The various programs which the organization focused on in 2023 are TIRO (Thyroid International Recommendations Online), the THANC (Thyroid, Head and Neck Cancer) Guide,and a mentoring and clinical research initiative led by a team of Research Associates under the direction of Medical Advisor Dr. Mark Urken. The research conducted within the various programs of the THANC Foundation is designed to result in studies with statistical significance regarding the effect of cancer therapies so treatments can be tailored to improve clinical outcomes for patients to enhance quality of life. The THANC Foundation has also developed a comprehensive website to help head and neck cancer patients and their caregivers and family members deal with the early stages following the diagnosis of head and neck cancer as well as thyroid cancer. This initial diagnosis period is typically fraught with tremendous anxiety and uncertainty. The website has been continually updated and in 2023 we have continuedto add written and video content on the head and neck and thyroid cancer journey in addition to simplifying and updating the language of the website. The site currently contains many pages of expert written content in laymans terms and is used by over 75,000 unique visitors globally each month. The website also provides suggestions for how to manage the emotional and psychological aspects of a cancer diagnosis and treatment and how to talk to younger family members about these cancers and their treatments. It also contains videos of patients sharing their stories. This gives a keen awareness of the upheaval these diseases have on the family unit and provides much needed support so patients realize they are not alone and that others before them have successfully navigated this difficult journey. The website also includes information for children and teens, with stories and games to reach this younger audience. In 2020 THANC developed TIRO (Thyroid International Recommendations Online) which is a tool designed to compare and contrast trusted clinical practice guidelines in the management of thyroid cancer. Areas of concordance and discordance are highlighted. In areas where discordance exists, educational content is referenced and a weekly education session for all thyroid cancer providers was started during the first week of the COVID-19 pandemic lockdown and has continued to the present day with over 200 sessions to date. These sessions are recorded,referenced in TIRO and available to educate physicians at a time convenient to them. THANC runs awareness campaigns twice per year in which 30 stories are shared in the 30 days of April (oral/head and neck cancer awareness month) and September (Thyroid cancer awareness month.) These stories are shared on social media and bring new users to the resources THANC has created.Finally, the education portion of THANC's mission serves to participate in the funding of training for one head and neck oncologic and reconstructive head and neck and thyroid cancer surgeon each year. Funds provide educational opportunities for the fellow as well as a travel stipend to present at local, regional and national meetings and covers the administrative costs associated with this fellowship. In addition the fellow helps to mentor the team of research associates employed by the foundation who are instrumental in carrying out the programmatic initiatives THANC accomplishes each year while also providing invaluable education to these recent college graduates prior to their application to and acceptance to medical school.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,342,143
Program Service Revenue $0
Investment Income $128,273
Other Revenue $-173,486
TOTAL REVENUE $1,296,930

Expense Breakdown

Grants Paid $0
Salaries & Benefits $661,070
Fundraising Expenses $154,242
Program Expenses $709,619
Other Expenses $449,838
TOTAL EXPENSES $1,110,908

Year-over-Year Comparison

2023 2022 Change
Revenue $1,296,930 $1,465,275 -0.1%
Expenses $1,110,908 $1,003,424 +0.1%
Net Income $186,022 $461,851 -0.6%
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
26
Independent Members
26
Employees
6
Volunteers
8

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
$0
Total Directors
26
$10,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIKA RAUSCHER EXECUTIVE DIRECTOR 40.00
$236,023 $0 $236,023
JESSE FISHER CREATIVE DIRECTIOR 40.00
$107,500 $0 $107,500
MARK L URKEN MD Medical Advisor 15.00
Director
$10,000 $0 $10,000
DAVID HIRSH Chairman 2.00
Officer Director
$0 $0 $0
JACK GARRATY Secretary 3.00
Officer Director
$0 $0 $0
CRAIG BEDEN Director 0.20
Director
$0 $0 $0
WYNN PLAUT Director 0.20
Officer Director
$0 $0 $0
JOHN CONKLIN III Treasurer 0.20
Officer Director
$0 $0 $0
HANLEY DAWSON IV Director 0.20
Director
$0 $0 $0
LARRY LEVY Director 0.20
Director
$0 $0 $0
LESLEY NAN HABERMAN Director 0.20
Director
$0 $0 $0
GARY LEVY Director 0.20
Director
$0 $0 $0
MINDI MOND Director 0.20
Director
$0 $0 $0
DEVIN OKAYDDS Director 0.20
Director
$0 $0 $0
DONNA GOLDEN Director 0.20
Director
$0 $0 $0
GREG GERONEMUS Director 0.20
Director
$0 $0 $0
RICH MARTIN Director 0.20
Officer Director
$0 $0 $0
ELLIOT BERNERD Director 0.20
Director
$0 $0 $0
DANIEL BUCHBINDER DMD MD Director 0.20
Director
$0 $0 $0
ANDREW FRIEDWALD Director 0.20
Director
$0 $0 $0
ARLENE KATZ SPITZER Director 0.20
Director
$0 $0 $0
PATRICIA MCCARTHY Director 0.20
Director
$0 $0 $0
STEPHEN MILSTEIN Director 0.20
Director
$0 $0 $0
LINDA SWALLING Director 0.20
Director
$0 $0 $0
MITCH KUFLIK Director 0.20
Director
$0 $0 $0
JARED KANEFSKY Director 0.20
Director
$0 $0 $0
STEVEN BLACK Director 0.20
Director
$0 $0 $0
RAYMOND CHAI MD Director 0.20
Director
$0 $0 $0
JESSE FISHER N/A 0.00
$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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $1,296,930 $1,110,908 $5,897,324 $186,022
2022 $1,465,275 $1,003,424 $5,621,999 $461,851
2021 $1,339,976 $998,222 $5,679,438 $341,754
2020 $1,619,224 $1,053,024 $5,636,446 $566,200
2019 $2,169,119 $1,375,184 $5,217,589 $793,935
2018 $2,176,125 $1,467,344 $4,473,664 $708,781
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