Expect Miracles Foundation rallies the financial services industry and beyond to invest in life-saving cancer research while advancing the financial and emotional health of people impacted by cancer. We are a 501(c)(3) public charity.

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
Run by 175 volunteers and 13 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $44K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$475K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Fine: 0.3 months of spending in cash, plus $805K in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
73% of total assets
Worth a look: liabilities are 73% of assets; over 65%.
Pt X · Ln 26
Independent board members
33
of 33 voting members
Looks good: 33 of 33 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.5M
+12% vs prior year
Spent
$3.7M
To programs
64%
Net assets
$469K
By yearFY2020–FY2024
Revenue
$3.5M
FY2024▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.8M
FY2021$3.4M
FY2022$3.0M
FY2023$3.2M
FY2024$3.5M
Expenses
$3.7M
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.7M
FY2021$2.6M
FY2022$3.3M
FY2023$3.5M
FY2024$3.7M
Net assets
$469K
FY2024▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2020$876K
FY2021$1.2M
FY2022$812K
FY2023$536K
FY2024$469K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $2.3M Management & general 13% · $486K Fundraising 23% · $852K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

35 people listed on the 990; $475K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$305,001Pt VII · Sec A
Managing Director
$170,001Pt VII · Sec A
President/Chair
$0Pt VII · Sec A
Vice President/Director
$0Pt VII · Sec A
Clerk/Director
$0Pt VII · Sec A
Treasurer/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Frank Heavey’s $305K as Executive Director is at the 96th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Frank Heavey$305,001$320,000$285,000$259,783$264,996
Ann Manion$170,001$155,000———
Samantha Watson———$147,500$128,008

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Expect Miracles Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Mobilizes financial services to fund cancer research and support patients' well-being.

Questions for Expect Miracles Foundation

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Provided by the organization

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3 programs · $2.0M · in their own filed words · FY2024
01

Dana-Farber Cancer Institute

Expect miracles foundation is a major supporter of the heart of dana-farber cancer institute's revolutionary research and development model, the robert and rene belfer center for applied cancer science.

$1.0Mprogram expense
02

Memorial Sloan Kettering Cancer Center

Expect miracles foundation supports the groundbreaking research at memorial sloan kettering cancer center's center for experimental therapeutics, a critical research collaborative with the mission of hastening the time it takes to get new, more effective and less toxic therapies to cancer patients.

$500Kprogram expense
03

Samfund grants cancer isn't free, especially if you're a young adult just starting out. That is why we are proud to provide financial assistance to young adult cancer survivors to help with everyday living expenses, like rent, mortgage, car payments, dental, reconstructive surgery, continuing education, and family building expenses, such…

$488Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$6K
Grants paid · 21 grants · $12.8M · 2020–2024
Dana-Farber INCMA · FY2024$1,000,000
Unitemized GrantFY2024$488,409
Dana-Farber INCMA · FY2023$1,000,000
Unitemized GrantFY2023$409,849
Dana-Farber INCMA · FY2022$1,450,000
Dana-Farber INCMA · FY2022$1,100,000
Unitemized GrantFY2022$556,024
Unitemized GrantFY2022$468,815
Dana-Farber INCMA · FY2021$900,000
Unitemized GrantFY2021$269,185
Dana-Farber INCMA · FY2020$800,000
Dana-Farber INCMA · FY2020$800,000
Samfund GrantsFY2020$451,990
See all 21 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.5M
Ln 12
Gifts and grantsLn 1h$4.1M
Investment incomeLn 3$25K
Money outPt IX
$3.7M
Ln 25
Programscol B$2.3M
Managementcol C$486K
Fundraisingcol D$852K
Owns and owesPt X
$469K
net assets · Ln 32
Cash and savingsLn 1–2$84K
Total assetsLn 16$1.7M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
35
listed · VII A
PaidVII A2
Voting boardVI 1a33
IndependentVI 1b33
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.1M
Noncash giftsLn 1g$145K
Fundraising eventsLn 1c$3.1M
Investment incomeLn 3$25K
Total revenueLn 12$3.5M
Assets in detailPt X, end of year
CashLn 1$84K
SavingsLn 2$16
Cash and savings togetherLn 1–2$84K
InvestmentsLn 11–13$805K
Other assetsLn 15$203K
Total assetsLn 16$1.7M
LiabilitiesLn 26$1.3M
Net assetsLn 32$469K
OperationsPt I, VI
EmployeesI 513
VolunteersI 6175
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$272K$84K
InvestmentsLn 11–13$742K$805K
Total assetsLn 16$1.1M$1.7M
LiabilitiesLn 26$597K$1.3M
Net assetsLn 32$536K$469K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.5M$1.5M
Grants to domestic individualsLn 2$488K$488K
Pay of current officers, directors and key staffLn 5$334K$80K$113K$140K
Other salaries and wagesLn 7$807K$211K$139K$458K
Pension plan contributionsLn 8$26K$7K$4K$15K
Other employee benefitsLn 9$62K$16K$11K$35K
Payroll taxesLn 10$115K$29K$25K$61K
Legal feesLn 11b$512$512
Accounting feesLn 11c$101K$101K
Investment management feesLn 11f$2K$2K
Advertising and promotionLn 12$23K$980$340$22K
Office expensesLn 13$44K$7K$12K$25K
OccupancyLn 16$56K$49K$7K
TravelLn 17$8K$7K$396
InsuranceLn 23$10K$9K$2K
Other expenses (24a–d)Ln 24$101K$500$12K$89K
Total functional expensesLn 25$3.7M$2.3M$486K$852K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.5M$3.7M−$130K$469K 990 PDF
FY2023 $3.2M$3.5M−$302K$536K 990 PDF
FY2022 $3.0M$3.3M−$219K$812K 990 PDF
FY2021 $3.4M$2.6M$751K$1.2M 990 PDF
FY2020 $2.8M$2.7M$120K$876K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $3,548,633 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,842,443$4,120,584
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $7,822$25,399
I-11 Other revenuePrior year −$677,392−$597,350
I-12 Total revenuePrior year $3,172,873$3,548,633
I-13 Grants and similar amounts paidPrior year $1,809,849$1,988,409
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,367,309$1,343,912
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $297,249$345,975
I-18 Total expensesPrior year $3,474,407$3,678,296
I-19 Revenue less expensesPrior year −$301,534−$129,663
Part VI · Governance 33 of 33 board members independent, no flags
VI-1a Voting members of the governing body33
VI-1b Independent voting members33
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,548,633 across 7 lines filed
VIII-1c Fundraising events$3,070,359
VIII-1f All other contributions, gifts and grants$1,050,225
VIII-1g Noncash contributions (included above)$144,738
VIII-1h Total contributions, gifts and grants$4,120,584
VIII-3 Investment incomeExcluded from tax $25,399$25,399
VIII-8 Net income from fundraising eventsExcluded from tax −$597,350−$597,350
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$571,951$3,548,633
Part IX · Statement of functional expenses $3,678,296 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $1,500,000$1,500,000
IX-2 Grants to domestic individualsPrograms $488,409$488,409
IX-5 Pay of current officers, directors and key staffPrograms $80,087 · Management $113,457 · Fundraising $140,153$333,697
IX-7 Other salaries and wagesPrograms $210,526 · Management $138,825 · Fundraising $457,523$806,874
IX-8 Pension plan contributionsPrograms $6,836 · Management $4,367 · Fundraising $14,937$26,140
IX-9 Other employee benefitsPrograms $16,115 · Management $11,381 · Fundraising $34,599$62,095
IX-10 Payroll taxesPrograms $29,373 · Management $25,107 · Fundraising $60,626$115,106
IX-11b Legal feesManagement $512$512
IX-11c Accounting feesManagement $101,474$101,474
IX-11f Investment management feesManagement $2,100$2,100
IX-12 Advertising and promotionPrograms $980 · Management $340 · Fundraising $22,102$23,422
IX-13 Office expensesPrograms $7,405 · Management $11,787 · Fundraising $24,929$44,121
IX-16 OccupancyManagement $48,803 · Fundraising $6,937$55,740
IX-17 TravelManagement $7,407 · Fundraising $396$7,803
IX-23 InsuranceManagement $8,522 · Fundraising $1,547$10,069
IX-24 Other expenses (24a–d)Programs $500 · Management $11,510 · Fundraising $88,724$100,734
IX-25 Total functional expensesPrograms $2,340,231 · Management $485,592 · Fundraising $852,473$3,678,296
Part X · Balance sheet $1,726,119 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $270,738$83,632
X-2 Savings and temporary cash investmentsStart of year $915$16
X-3 Pledges and grants receivableStart of year $65,393$403,127
X-4 Accounts receivableStart of year $18,710$153,721
X-9 Prepaid expenses and deferred chargesStart of year $10,549$77,901
X-11 Publicly traded securitiesStart of year $573,003$608,305
X-12 Other securitiesStart of year $168,960$196,524
X-15 Other assetsStart of year $25,439$202,893
X-16 Total assetsStart of year $1,133,707$1,726,119
X-17 Accounts payable and accrued expensesStart of year $121,695$21,347
X-18 Grants payableStart of year $350,000$750,000
X-19 Deferred revenueStart of year $100,000$282,400
X-25 Other liabilitiesStart of year $25,587$203,482
X-26 Total liabilitiesStart of year $597,282$1,257,229
X-27 Net assets without donor restrictionsStart of year −$477,234−$455,197
X-28 Net assets with donor restrictionsStart of year $1,013,659$924,087
X-32 Total net assets or fund balancesStart of year $536,425$468,890
X-33 Total liabilities and net assetsStart of year $1,133,707$1,726,119
Part XI · Reconciliation of net assets $468,890 net assets at year end
XI-1 Total revenue$3,548,633
XI-2 Total expenses$3,678,296
XI-3 Revenue less expenses−$129,663
XI-4 Net assets at start of year$536,425
XI-5 Net unrealized gains (losses) on investments$62,128
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$468,890

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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