Nonprofit · EIN 13-3573053
LICR FUND INC
Tax-exempt · NEW YORK, NY 10016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $79,026,554 | $69,041,808 | $9,984,746 | $1,936,672,464 | $6,684,481 | $1,929,987,983 |
| December 31, 2023 | 990 | $34,011,187 | $76,939,694 | -$42,928,507 | $1,806,261,123 | $5,734,022 | $1,800,527,101 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $24,044
- Program service revenue
- $0
- Investment income
- $79,002,510
- Net gain from sales of assets
- $76,292,021
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $61,000,000
- Compensation of officers, directors and key employees
- $262,500
- Salaries, compensation and benefits (total)
- $262,500
- Professional fundraising fees
- $0
- Legal fees
- $36,537
- Accounting fees
- $361,285
- Travel
- $161,804
- Program services (functional)
- $61,000,000
- Management and general (functional)
- $8,041,808
Balance sheet and other
- Total assets, start of year
- $1,806,261,123
- Total assets, end of year
- $1,936,672,464
- Total liabilities, end of year
- $6,684,481
- Net assets, end of year
- $1,929,987,983
- Net assets without donor restrictions
- $1,929,987,983
- Gross unrelated business income
- $974,449
- Gross receipts
- $449,405,753
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1990
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| XING CHEN | DIRECTOR, PRESIDENT, CIO Trustee or director, Officer | 39 | $0 | $1,010,543 | $186,454 |
| DR CHI VAN DANG | DIRECTOR Trustee or director | 2 | $0 | $1,106,568 | $73,583 |
| EDWARD A MCDERMOTT JR | DIR, BOARD CHAIR (FROM 7/24) Trustee or director, Officer | 2 | $37,500 | $581,427 | $51,800 |
| AVANTIKA PATEL | VICE PRESIDENT Officer | 40 | $0 | $484,551 | $155,567 |
| CHRISTOPHER T CONROY | TREASURER Officer | 28 | $0 | $251,956 | $125,973 |
| ALEXANDER BORISSOV | SECRETARY Officer | 3 | $0 | $287,353 | $76,191 |
| JOHN L NOTTER | DIR, BOARD CHAIR (END 6/24) Trustee or director | 2 | $45,000 | $70,317 | $0 |
| JOHN D GORDAN III | DIRECTOR Trustee or director | 1 | $30,000 | $66,231 | $0 |
| DR JEDD D WOLCHOK | DIRECTOR Trustee or director | 2 | $30,000 | $66,231 | $0 |
| NICOLAS KILLEN | DIRECTOR Trustee or director | 2 | $30,000 | $11,271 | $0 |
| JUDGE BARBARA S JONES | DIRECTOR Trustee or director | 2 | $30,000 | $11,271 | $0 |
| DR NANCY ELLEN DAVIDSON | DIRECTOR Trustee or director | 2 | $30,000 | $11,271 | $0 |
| ALEXANDRA JOHNSON | DIRECTOR Trustee or director | 2 | $30,000 | $11,271 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| XING CHEN | PRESIDENT, CIO Officer | 39 | $0 | $1,258,138 | $161,265 |
| DR CHI VAN DANG | DIRECTOR Trustee or director | 2 | $0 | $1,051,303 | $75,277 |
| EDWARD A MCDERMOTT JR | DIRECTOR Trustee or director | 2 | $0 | $951,807 | $93,653 |
| AVANTIKA PATEL | VICE PRESIDENT Officer | 40 | $0 | $571,125 | $148,103 |
| ALEXANDER BORISSOV | SECRETARY Officer | 3 | $0 | $271,948 | $75,471 |
| CHRISTOPHER T CONROY | TREASURER Officer | 28 | $0 | $239,973 | $105,570 |
| JOHN L NOTTER | DIRECTOR, BOARD CHAIRPERSON Trustee or director, Officer | 2 | $75,000 | $81,489 | $0 |
| JOHN D GORDAN III | DIRECTOR Trustee or director | 1 | $30,000 | $63,722 | $0 |
| DR JEDD D WOLCHOK | DIRECTOR Trustee or director | 2 | $30,000 | $63,722 | $0 |
| NICOLAS KILLEN | DIRECTOR Trustee or director | 2 | $30,000 | $10,934 | $0 |
| JUDGE BARBARA S JONES | DIRECTOR Trustee or director | 2 | $30,000 | $10,934 | $0 |
| DR NANCY ELLEN DAVIDSON | DIRECTOR Trustee or director | 2 | $30,000 | $10,934 | $0 |
| ALEXANDRA JOHNSON | DIRECTOR Trustee or director | 2 | $30,000 | $10,934 | $0 |
Address and contacts
- Address (IRS master file)
- 600 THIRD AVENUE 32ND FLOOR, NEW YORK, NY 10016-1932
- In care of
- % CHRISTOPHER T CONROY
- Principal officer (990 for 2024)
- XING CHEN, 600 THIRD AVENUE 32ND FLOOR, New York, NY 10016
- Signed the 990
- CHRISTOPHER T CONROY, TREASURER
- Phone
- (212) 450-1500
- Return prepared by
- PWC US TAX LLP
Mission
LICR FUND, INC. IS A SUPPORTING ORGANIZATION OF THE LUDWIG INSTITUTE FOR CANCER RESEARCH LTD ("THE INSTITUTE") AND PROVIDES GRANTS AND/OR OTHER ASSISTANCE TO THE INSTITUTE TO SUPPORT THE INSTITUTE'S CONDUCT OF MEDICAL RESEARCH ACTIVITIES.
Program accomplishments
- LICR FUND, INC. ("THE FUND") IS A NON-PROFIT DELAWARE CORPORATION THAT HOLDS A DIVERSIFIED PORTFOLIO OF INVESTMENTS FROM WHICH IT PROVIDES ANNUAL SUPPORT TO THE LUDWIG INSTITUTE FOR CANCER RESEARCH LTD ("THE INSTITUTE"). THE INSTITUTE IS EXEMPT UNDER IRC SECTION 501(C)(3) AND IS NOT A PRIVATE FOUNDATION BECAUSE IT IS A MEDICAL RESEARCH ORGANIZATION, DESCRIBED IN IRC SECTION 170(B)(1)(A)(III), ENGAGED IN MEDICAL RESEARCH INTO THE CAUSES AND CURE OF CANCER IN CONJUNCTION WITH QUALIFIED HOSPITALS. IN 2024 THE FUND PROVIDED GRANTS AND OTHER ASSISTANCE DIRECTLY TO THE INSTITUTE IN THE AMOUNT OF $61,000,000 TO SUPPORT THE INSTITUTE'S MEDICAL RESEARCH ACTIVITIES, INCLUDING LABORATORY RESEARCH AND CLINICAL TRIALS.Expenses $61,000,000 · grants $61,000,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3573053
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H110)
- Assets (IRS master file)
- $1,936,672,464
- Income (IRS master file)
- $449,405,753
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $79,026,554 | $69,041,808 | $1,936,672,464 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $34,011,187 | $76,939,694 | $1,806,261,123 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $69,314,681 | $83,766,381 | $1,719,889,219 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3573053).
Questions about LICR FUND INC
- What is the EIN of LICR FUND INC?
- The employer identification number (EIN) of LICR FUND INC is 13-3573053.
- Is LICR FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to LICR FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does LICR FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LICR FUND INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LICR FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LICR FUND INC?
- The 990 for the year ended December 31, 2024 names XING CHEN.
- Who are the officers and directors of LICR FUND INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 8 received compensation from the organization.
- How much revenue does LICR FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $79,026,554, expenses of $69,041,808 and total assets of $1,936,672,464 at year end.
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