BBB Wise Giving Report for
CureSearch

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


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: CureSearch
Address: 4600 East West Highway, Suite 600
  Bethesda, MD 20814
Phone: 301-718-0042
Web Address: www.curesearch.org
Also known as:National Childhood Cancer Foundation
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1987, California
Affiliates: None
Stated Purpose: "to promote education and advocacy to benefit children and adolescents with cancer and their families."

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Evaluation Conclusions

               

CureSearch meets the 20 Standards for Charity Accountability.
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Programs

               

CureSearch funds the research of the Children’s Oncology Group (COG), a cooperative children’s cancer research entity. Money raised supports bench-to-bedside research which includes developing studies, enrolling and treating patients and interpreting the results of the clinical trials. CureSearch reports that with more than 210 member hospitals worldwide and over 6,500 physicians, nurses and other researchers, COG hospitals treat 90% of children in the United States with cancer. CureSearch receives grants from the National Cancer Institute and raises funds through philanthropic donations from individuals, special events, corporations and private foundations.

For the fiscal year ended February 28, 2010, CureSearch's program expenses were:

  
Clinical and biological research 51,047,216
Communications 10,150,679
Statistics and data processing 3,498,769
Group administration 2,215,467
Study development office 1,404,420
Quality control and audit 986,192
Foundation research grants 493,636
Public policy 395,255
Total Program Expenses: $70,191,634
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Governance

               

Chief Executive : John L. Lehr, President and CEO
Compensation*:
 $93,750

Highest Paid Executive: Gregory H. Reaman, Chair, Children's Oncology Group
Compensation*: $417,420

Chair of the Board: Stuart E. Siegel, M.D.
Chair's Profession / Business Affiliation: Pediatric Oncologist, Children's Hospital of Los Angeles

Board Size: 13

Paid Staff Size: 137

*March 1, 2009 - February 28, 2010 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, special events, grant proposals, Internet appeals, planned giving, and cause-related marketing
Fund raising costs were 2% of related contributions. (Related contributions, which totaled $73,842,814, 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 CureSearch's audited financial statements for the fiscal year ended February 28, 2010.

Source of Funds  
Federal grants 49,292,395
Nonfederal contributions and grants 16,040,663
Donated services 8,550,632
Unrealized and realized gain on investments 1,185,788
Dividend and interest income 192,674
Special events, net -40,876
Total Income $75,221,276


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Uses of Funds as a % of Total Expenses

Programs: 96%  Fund Raising: 2%  Administrative: 2% 

Total income   $75,221,276
  Program expenses $70,191,634
  Fund raising expenses 1,321,658
  Administrative expenses 1,802,918
 
Total expenses   $73,316,210
Income in Excess of Expenses   1,905,066
Beginning net assets   8,799,712
Ending net assets   10,704,778
Total liabilities   17,055,911
Total assets   $27,760,689

Note: According to CureSearch's audited financial statements for the year ended February 28, 2010, the organization received in-kind contributions in the amount of $8,550,632 consisting of public service announcements.

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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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