BBB Wise Giving Report for
Children's Cancer Research Fund

BBB Wise Giving Report issued April 2008
BBB Wise Giving Report expires April 2010


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: Children's Cancer Research Fund
Address: 7801 East Bush Lake Road
  Minneapolis, MN 55439
Phone: 888-422-7348
952-893-9355
Web Address: www.childrenscancer.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1998, Minnesota
Affiliates: None

Stated Purpose: "to find a cure for childhood cancer by providing funds to the University of Minnesota for research and training relating to the prevention, treatment and cure of childhood cancer. The organization also educates the public about childhood cancer and supports quality-of-life programs for pediatric cancer patients and their families."

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Evaluation Conclusions

               

Children's Cancer Research Fund (CCRF) meets the 20Standards for Charity Accountability.
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Programs

               

Currently CCRF funds seven research areas including immune based therapies, stem cell biology, phase 1 experimental therapeutics, childhood cancer survivorship, hematology and genetic disease, epidemiologic research, and molecular cancer biology. CCRF operates a volunteer driven care partners program which provides non-medical support to patients and their families undergoing cancer treatment. CCRF’s education initiative seeks to create advocates of childhood cancer research through education and by providing educational resources to individuals touched by cancer. Some ($2,477,102 or 45%) of CCRF’s education program was conducted in conjunction with fundraising appeals.

For the fiscal year ended June 30, 2007, CCRF's program expenses were:

  
Education 5,539,383
Research 4,809,029
Care partners 161,029
Total Program Expenses: $10,509,441
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Governance

               

Chief Executive : John O. Hallberg, Chief Executive Officer
Compensation*:
 $121,648

Chair of the Board: Andy Weiner
Chair's Profession / Business Affiliation: President of Toy 'n around

Board Size: 39

Paid Staff Size: 16

*Compensation was for the last 3 quarters in fiscal year 2007 and it includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances. Mr. Rodney Mullins served as CEO in the 1st quarter of fiscal year 2007 and was compensated $180,419.
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Fund Raising

               

Method(s) Used:

Direct mail, special events, print advertisements, television, radio, grant proposals, Internet appeals,planned giving, and cause-related marketing
Fund raising costs were 27% of related contributions. (Related contributions, which totaled $13,838,827, are donations received as a result of fund raising activities.)
CCRF incurred joint costs of $5,397,062 for informational materials and activities that included fund raising materials. Of those costs, $2,919,960 was allocated to fund raising expenses and $2,477,102 was allocated to program expenses.
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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 CCRF's audited financial statements for the fiscal year ended June 30, 2007.

Source of Funds  
Direct mail 8,052,799
Operating 4,770,366
Special events 941,635
Investment income 512,882
Other income 117,944
Health fund 74,027
Total Income $14,469,653


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Uses of Funds as a % of Total Expenses

Programs: 71%  Fund Raising: 25%  Administrative: 4% 

Total income   $14,469,653
  Program expenses $10,509,441
  Fund raising expenses 3,802,472
  Administrative expenses 649,776
 
Total expenses   $14,961,689
Expenses in Excess of Income   (492,036)
Beginning net assets   3,769,130
Ending net assets   3,277,094
Total liabilities   3,671,720
Total assets   $6,948,814

Note: According to CCRF's 2006 audited financial statements, the organization received $2,836,614 in in-kind donations representing education media outreach.

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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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