Executive Compensation at the Breast Cancer Research Foundation
The Breast Cancer Research Foundation (BCRF) is primarily engaged in raising funds and making grants to further medical research to prevent and cure breast cancer. With 51 employees, BCRF is based in New York City. In 2017, the organization raised $73 million and awarded $59 million in grants, which is about 80% of revenue. BCRF has about $22 million in net fund assets, most of which is unrestricted.
Total compensation-related costs were $6.7 million for the 51 employees, which equates to about $131,000 each. However, 14 individuals received more than $100,000 in total compensation with the most highly compensated individuals listed below:
- $815,255: Myra Biblowit, President
- $349,147: Marc Hurlbert, Chief Mission Officer
- $290,167: Lucretia Gilbert, Chief Development Officer
- $268,408: Christina Malito Rose, Chief Partnership Officer
- $267,866: Lisa Risi, Chief Operating Officer
- $209,494: Kathleen Tripp, Director Digital Communication
- $207,718: Stephanie Hamburger, Executive Director, Play for Pink
- $150,672: Margaret Flowers, Associate Director, Grants Program
- $144,315: Stephanie Kaufman, Chief Communications Officer
As illustrated above, $3 million in compensation was provided to 9 individuals. If the $3 million was deducted from the overall total compensation ($6.7 million) paid for all staff, then $3.7 million was paid to 42 staff, which equates to an average compensation of $88,000 for the staff not part of the executive management.
It is also important to note that 8 out of the 9 staff listed above are women, while there is 1 man.
The BCRF should be commended for awarding 80% of revenue to research grants and spending 18% of revenue on other expenses (staff, office, fundraising, travel, conferences, etc), although the few staff at the top are well compensated (and especially the President at over $800,000).
To read the IRS Form 990 (2016), click here.