AACR Annual Report 2021

sections

Financial Statement

Revenue and Expenses 2021

Similar to the prior year, 2021 was a challenging year for the AACR due to the continued global pandemic and the resulting economic uncertainty. As outlined below, the impact of COVID-19 on AACR programs and services resulted in declines in both operating revenues and expenses. However, due to responsible financial oversight and prudent risk management strategies, the AACR is projected to generate a surplus for the year. Strong returns from AACR’s investments coupled with additional income from non-recurring activities related to meeting event cancellation insurance contributed to this surplus.

As a result of the financial performance for the year 2021, the AACR’s net unrestricted net assets are now $155 million. These positive financial results allow the AACR to continue strategic investments in its mission-driven activities to prevent and cure all cancers.

2021 TOTAL EXPENSES

Note: Totals may not equal 100% due to rounding.

2021 PROGRAM EXPENSES

American Association for Cancer Research, Inc. and the AACR Foundation

Unrestricted Revenues and Expenses (Unaudited)
As of December 31, 2021

2020 2021 2021 Percent of Total
REVENUE
Membership Dues $4,208,008 $4,273,800 6%
Publications $18,928,229 $19,781,338 27%
Scientific Meetings and Educational Workshops $3,163,862 $14,703,304 20%
Other Revenue $10,007,708 $5,818,466 8%
Subtotal Program Revenue $36,307,807 $44,576,908 61%
Support
NIH Grants $115,500 $482,635 1%
Contributions $51,093,657 $28,310,646 39%
Subtotal Support Revenue $51,209,157 $28,793,281 39%
TOTAL REVENUE $87,516,964 $73,370,189 100%
EXPENSES
Research Grants and Scientific Awards $45,519,345 $22,524,121 33%
Scientific Meetings and Educational Workshops $11,474,114 $9,064,752 13%
Scientific Publications $12,840,789 $13,437,611 20%
Communications, Science Policy, and Patient Education $7,130,366 $6,643,025 10%
Professional Education and Scientific Programs $8,586,010 $6,534,163 9%
Subtotal Program Services $85,550,624 $58,203,672 85%
Member Services and Support Services $7,039,520 $6,051,308 9%
Fundraising and Development $4,354,087 $4,599,587 7%
Subtotal Supporting Services $11,393,607 $10,650,895 15%
TOTAL EXPENSES $96,944,231 $68,854,567 100%
Operating Surplus before Investments ($9,427,267) $4,515,622
Other Changes
Investment Income/(loss) $20,719,012 $16,869,187
Nonrecurring Items $18,474,463 $13,082,380
Subtotal Other Changes $39,193,475 $29,951,567
Change in Unrestricted Net Assets $29,766,208 $34,467,189
NET ASSETS BEGINNING OF YEAR $91,037,751 $120,803,959
NET ASSETS END OF YEAR $120,803,959 $155,271,148

AACR Foundation

The AACR in 2022: A Look Ahead