BBB Wise Giving Report for
Caring for Carcinoid Foundation

BBB Wise Giving Report issued April 2011
BBB Wise Giving Report expires April 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Caring for Carcinoid Foundation
Address: 198 Tremond Street, Box 456
  Cambridge, MA 02116
Phone: 617-948-2514
Web Address: www.caringforcarcinoid.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 2004, Massachusetts
Affiliates: None

Stated Purpose: "to discover a cure for carcinoid cancer and related neuroendocrine tumors."

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Evaluation Conclusions

               

CFCF meets the 20 Standards for Charity Accountability.
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Programs

               

CFCF funds research in pursuit of cures for carcinoid cancer, pancreatic neuroendocrine and related neuroendocrine cancers. Currently, CFCF is funding two genome projects: one for carcinoid tumors and one for pancreatic neuroendocrine tumors; developing a multi-institutional biobank; and creating mouse models. Along with its focus on research, CFCF also works to eliminate the suffering of patients, families, and caregivers affected by neuroendocrine tumors. To help patients, CFCF provides free resources including a searchable neuroendocrine tumor-focused clinical trials finder, an electronic newsletter, information about carcinoid and pancreatic neuroendocrine tumors and the available treatments as well as regional education conferences with expert clinicians and researchers.

For the year ended December 31, 2009, CFCF's program expenses were:

  
Program expenses 1,012,167
Total Program Expenses: $1,012,167
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Governance

               

Chief Executive : Lauren Erb, Executive Director
Compensation*:
 $66,000

Chair of the Board: Anne Doyle
Chair's Profession / Business Affiliation: Chief Operating Officer

Board Size: 8

Paid Staff Size: 4

*2009 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Direct mail, telemarketing, special events, grant proposals, Internet appeals, and planned giving.
Fund raising costs were 2% of related contributions. (Related contributions, which totaled $1,607,823, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on CFCF's audited financial statements for the year ended December 31, 2009.

Source of Funds  
Contributions 1,494,323
Grants 113,500
Interest income 796
Total Income $1,608,619


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Uses of Funds as a % of Total Expenses

Programs: 91%  Fund Raising: 3%  Administrative: 6% 

Total income   $1,608,619
  Program expenses $1,012,167
  Fund raising expenses 30,258
  Administrative expenses 69,837
 
Total expenses   $1,112,262
Income in Excess of Expenses   496,357
Beginning net assets   38,515
Ending net assets   534,872
Total liabilities   1,139,344
Total assets   $1,674,216


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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