Cancer Research Society
Montreal, QC H3A 3S5
President & CEO: Max Fehlmann
Board Chair: Martin Thibodeau
Charitable Reg. #: 11915 3229 RR0001
Grade: B+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Full-time staff #22
Avg. Compensation $85,632
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||0|
|$80k - $120k||6|
|$40k - $80k||3|
About Cancer Research Society:
Founded in 1945, Cancer Research Society (CRS) has a sole mission of funding research on cancer prevention, detection and treatment. It works closely with academics and principal investigators, supporting scientific research at the academic level. In F2017, CRS selected 59 out of 384 grant applications. CRS granted $11.3m to 149 research projects of which 59 were newly selected and 90 were already in progress. The charity spent 37% of its grants on cancer causes and prevention, 37% on cancer detection, and 26% on cancer treatment research. CRS is transparent with its grants, hosting a publicly-available grant database on its website. Cancer remains the leading cause of death in Canada; however, research has led to improvements. CRS reports that 40 years ago, cancer survival rates were 25%, but they now exceed 60%.
In F2017, Cancer Research Society budgeted $8.4m to 70 new operational grant projects, consisting of 42 fully funded by CRS and 28 funded alongside partner organizations or families. Each operational grant is $120k given to a researcher for salary and research funding disbursed over a period of two years. Collectively, supported grant projects explore cancer prevention, detection, and treatment for a variety of cancer types.
In F2017, Cancer Research Society provided three scholarships of $160k dispersed over three years to postdoctoral students to support the last year of their postdoctoral internship and then their research over the next two years. A fourth scholarship was granted in partnership with BMO Bank of Montreal.
Cancer Research Society provides grants in partnership with other organizations toward strategic projects. These projects include the CIHR initiative for studying the late effects of childhood cancer treatments, PROCURE/Cancer Research Society Prostate Cancer Biobank, and the Exactis Innovation “Personalize My Treatment” Initiative. For the past 20 years, CRS supported and continues to support research exploring environmental causes of cancer. Additionally, CRS launched a funding program toward repositioning drugs in which existing drugs are reoriented to be used in a different way.
In F2017, there were multiple changes in CRS’s top management. Max Fehlmann became the new President and CEO, Martin Thibodeau was newly elected as Chairman of the Board, and senior managers left.
Results and Impact: In 2016, CRS supported 172 cancer research projects, 20 of which studied underfunded cancers. CRS reports significant overall research progress; patients with cancers that previously resulted in poor outcomes now have a 70%, 80%, and sometimes over 90% chance of surviving five years after diagnosis.
Cancer Research Society is one of Canada's Major 100 charities. It received donations of $19.4m in F2017. Administrative costs are 9% of revenues and fundraising costs are 36% of donations. The charity’s administrative and fundraising costs have consistently increased since F2015, respectively up 3% and 9%. For every dollar donated, 55 cents go to the cause, which falls below Ci’s reasonable range. CRS has $16.6m in future commitments to multi-year research grants and fellowships, a recommended practice for scientific research grants. CRS has total funding reserves of $31.3m, including $4.4m in donor-endowed funds. Excluding donor-endowed funds, funding reserves can cover program costs for 2.3 years.
This charity report is an update that is being reviewed by Cancer Research Society. Changes and edits may be forthcoming.
Updated on May 18, 2018 by Joeyanne Cheung.
Financial RatiosFiscal year ending August
|Administrative costs as % of revenues||8.7%||7.1%||6.3%|
|Fundraising costs as % of donations||36.4%||32.0%||26.9%|
|Program cost coverage (%)||267.6%||221.7%||244.6%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||5||(425)||3,991|