BBB Wise Giving Report for
Foundation for Children with Cancer

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


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Foundation for Children with Cancer
Address: 11327 Gravois Road,
Suite 202
  St. Louis, MO 63126
Phone: 314-843-9300
Web Address: www.childrenwithcancer.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1994, Missouri
Affiliates: 1 chapter
Stated Purpose: "to provide financial assistance for the families of children with pediatric cancer."

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Evaluation Conclusions

               

Foundation for Children with Cancer (FCC) does not meet the following 3 Standards for Charity Accountability.

Standard 7: Board Approval of Written Report on Effectiveness - Submit to the organization's governing body, for its approval, a written report that outlines the results of the aforementioned performance and effectiveness assessment and recommendations for future actions.

FCC does not meet this Standard because:

  • It did not produce a written report outlining the results of its most recent effectiveness assessment.

Standard 8: Program Service Expense Ratio - Spend at least 65% of its total expenses on program activities.

FCC does not meet this Standard because:

  • According to the its audited financial statements for the fiscal year ended July 31, 2010, the organization spent $359,039 or 48% of its total expenses ($740,941) on program service activities.

Standard 9: Fund Raising Expense Ratio - Spending should be no more than 35% of related contributions on fund raising. Related contributions include donations, legacies, and other gifts received as a result of fund raising efforts.

FCC does not meet this Standard because:

  • According to its audited financial statements for the fiscal year ended July 31, 2010, the organization's fund raising costs were 48% ($310,817) of related contributions, which totaled $644,731.
Foundation for Children with Cancer (FCC) meets the remaining 17 Standards for Charity Accountability.
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Programs

               

FCC provides financial assistance to pediatric cancer patients during and after their treatment, helping to ease the burden of non-medical related expenses like mortgages, utilities and transportation costs. All ($359,039 or 100%) of FCC's program activities are carried out in conjunction with fund raising appeals.

For the fiscal year ended July 31, 2010, FCC's program expenses were:

  
Financial assistance 189,517
Public awareness 169,522
Total Program Expenses: $359,039
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Governance

               

Chief Executive : Renee Verhoff, President and CEO
Compensation*:
 $90,419

Chair of the Board: Kirk Hutchison
Chair's Profession / Business Affiliation: Branch Manager, Frontenac Bank

Board Size: 9

Paid Staff Size: 4

*August 1, 2009 - July 31, 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, telemarketing, special events, print advertisements, grant proposals, Internet appeals, and planned giving.
Fund raising costs were 48% of related contributions. (Related contributions, which totaled $644,731, are donations received as a result of fund raising activities.)
FCC incurred joint costs of $740,941 for informational materials and activities that included fund raising materials. Of those costs, $359,039 was allocated to program expenses, $310,817 was allocated to fund raising expenses, and $71,085 was allocated to administrative 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 FCC's audited financial statements for the fiscal year ended July 31, 2010.

Source of Funds  
Individual contributions 331,598
Fundraising events 313,133
Other income 6,413
Investment income 1,380
Total Income $652,524


chart



Uses of Funds as a % of Total Expenses

Programs: 48%  Fund Raising: 42%  Administrative: 10% 

Total income   $652,524
  Program expenses $359,039
  Fund raising expenses 310,817
  Administrative expenses 71,085
 
Total expenses   $740,941
Expenses in Excess of Income   (88,417)
Beginning net assets   153,323
Ending net assets   64,906
Total liabilities  
Total assets   $64,906


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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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