BBB Wise Giving Report for
SeriousFun Children's Network

BBB Wise Giving Report issued June 2010
BBB Wise Giving Report expires June 2012


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: SeriousFun Children's Network
Address: 228 Saugatuck Avenue
  Westport, CT 06880
Phone: 203-562-1203
Web Address: www.holeinthewallcamps.org
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BBB Wise Giving Alliance Comments

Formerly known as:Association of Hole in the Wall Gang Camps

Year, State Incorporated: 2001, Connecticut
Affiliates: Hole in the Wall Foundation, Inc., and 14 chapters.

Stated Purpose: "to extend the Hole in the Wall Camp experience to as many children with serious illnesses and life-threatening medical conditions as possible."

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Evaluation Conclusions

               

The Association meets the 20 Standards for Charity Accountability.
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Programs

               

The Association seeks to unify a global family of camps and programs for children with serious illnesses and life-threatening medical conditions. The organization operates in three program areas which include service to member camps, development of new camps, and public awareness. The Association offers financial support, the establishment and measurement of standards, and professional development opportunities to current camps as well as assists prospective camps in developing new “Hole in the Wall Camps”. The Association strives to build public awareness and to inspire the community to support the camps and programs through volunteer support, donations, and camper referrals.

For the fiscal year ended November 30, 2009, the Association's program expenses were:

  
Existing camps 3,951,530
New camps and programs 558,654
Total Program Expenses: $4,510,184
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Governance

               

Chief Executive : John Reid, CEO
Compensation*:

Chair of the Board: John M. Forester
Chair's Profession / Business Affiliation: Attorney

Board Size: 16

Paid Staff Size: 16

*December 1, 2008 - November 30, 2009 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances. Mr. Reid assumed office in March 2010 and prior to his appointment, Mr. Raymond Empson was the CEO and he was compensated $209,922 for the last fiscal year.



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Fund Raising

               

Method(s) Used:

Direct mail, special events, grant proposals, Internet appeals, and planned giving.
Fund raising costs were 6% of related contributions. (Related contributions, which totaled $11,376,122, 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 the Association's audited financial statements (consolidated with subsidiary) for the fiscal year ended November 30, 2009.

Source of Funds  
Contributions and special events 11,291,902
Dividend and interest income 94,639
Contributions in-kind 84,220
Realized and unrealized gains on investments, net 39,910
Other income 5,911
Total Income $11,516,582


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Uses of Funds as a % of Total Expenses

Programs: 79%  Fund Raising: 11%  Administrative: 10% 

Total income   $11,516,582
  Program expenses $4,510,184
  Fund raising expenses 631,242
  Administrative expenses 576,012
 
Total expenses   $5,717,438
Income in Excess of Expenses   5,799,144
Beginning net assets   17,499,404
Ending net assets   23,298,548
Total liabilities   201,391
Total assets   $23,499,939

Note: According to the Association's audited financial statements (consolidated with subsidiary) for the fiscal year ended November 30, 2009, the organization received $84,220 in donated accounting services.

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

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