Charity Review

Issued: June 2018 Expires: June 2020

Bounce Children's Foundation

Accredited Charity
Meets Standards
 
(844) 626-8623 255 Birchwood Ave, Deerfield IL 60015-4772 www.BounceChildrensFoundation.org
  1. Conclusions
  2. Purpose
  3. Programs
  4. Governance & Staff
  5. Fund Raising
  6. Tax Status
  7. Financial
Conclusions

Bounce Children's Foundation meets the 20 Standards for Charity Accountability.

Purpose

To transform the lives of chronically ill children, and their families, shifting all from surviving to thriving. 

Incorporated: 2015 in IL

Programs

Bounce Children’s Foundation builds community for chronically ill children and their families through ongoing home- and community-based programs. The Bounce Bash program offers family events, outings, and adventures designed to enable the participation of children with complex medical needs. The program aims to provide family members with distraction from day-to-day burdens of chronic illness, create fun and friendship, and provide face-to-face opportunities for all to feel safe, accepted, and ‘normal’ within the community. These special events work to reduce feelings of isolation and build long-term confidence that transfers to other life experiences. According to the organization, in 2017, Bounce Children’s Foundation’s Bounce Bash program held 17 events for the community. 

Bounce Children’s Foundation’s Bounce It Forward program invites individuals and organizations to “pay it forward” by donating their excess tickets to major league sports, concerts, theatre, and other productions for use by Bounce families. The organization’s Bounce Net program provides a private online community support system to parents/caregivers where they can share resources, compare notes, and encourage one another during the time of need.  

Bounce Children’s Foundation’s Bounce Academy program offers education to parents/caregivers to enhance their ability to cope with the ongoing challenges of chronic illness. The program’s curriculum includes: insurance coverage; educational rights; healthcare benefits; government funding/support; maintaining relationships; self-care skills; resiliency skills; letting go; mindfulness; financial planning; and how to be an advocate. Bounce Children’s Foundation also provides a Bounce Back Kit program that sends care packages to member families that are ‘locked-in’ at home before surgery, after treatment, or during severe flare-ups. According to the organization, in 2017, Bounce Children’s Foundation served 490 people. 



For the fiscal year ended June 30, 2017, Bounce Children's Foundation's program expenses were:

  
Bounce Bash                                     166,818
Bounce Back Kits                               49,215
Bounce Net                                        21,396
Bounce It Forward                             18,732
Bounce Academy                              10,699
Total Program Expenses:          $266,860


Governance & Staff

Board Chair: Mr. Corey Martens , Partner Business Affiliation: Grant Thornton, LLP

CEO: Ms. Joan Steltmann , CEO

Board Size: 15

Staff: 2

Fund Raising
Method(s) used: Invitations to Fundraising Events Grant Proposals Internet Appeals Appeals via Social Media (Facebook, etc.)

% of Related Contributions on Fundraising: 27.40%

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.

Financial

The following information is based on Bounce Children's Foundation's Audited Financial Statements for the fiscal year ending Friday, June 30, 2017.

Source of Funds
Contributions and grants $117,891
Contributed goods, facilities and services $146,360
Special event revenue (less direct cost to donors of $8,025) $41,840
Other revenue $1,060
Total Income: $307,151
 
Fusion Chart
 
Program Expenses: $266,860
Fundraising Expenses: $83,863
Administrative Expenses: $16,431
Total Expenses: $367,154
 
Income in Excess of Expenses: ($60,003)
 
Beginning Net Assets: $171,276
Ending Net Assets: $111,273
Total Liabilities: $80,285
Total Assets: $191,558


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Standards Legend

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Standard 1: Board Oversight


Description:

Organizations shall have a board of directors that provides adequate oversight of the charity's operations and its staff. Indication of adequate oversight includes, but is not limited to, regularly scheduled appraisals of the CEO's performance, evidence of disbursement controls such as board approval of the budget, fund raising practices, establishment of a conflict of interest policy, and establishment of accounting procedures sufficient to safeguard charity finances.

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Standard 2: Board Size


Description:

Soliciting organizations shall have a board of directors with a minimum of five voting members.

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Standard 3: Board Meetings


Description:

An organization shall have a minimum of three evenly spaced meetings per year of the full governing body with a majority in attendance, with face-to-face participation. A conference call of the full board can substitute for one of the three meetings of the governing body. For all meetings, alternative modes of participation are acceptable for those with physical disabilities.

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Standard 4: Board Compensation


Description:

Not more than one or 10% (whichever is greater) directly or indirectly compensated person(s) serving as voting member(s) of the board. Compensated members shall not serve as the board's chair or treasurer.

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Standard 5: Conflict of Interest


Description:

No transaction(s) in which any board or staff members have material conflicting interests with the charity resulting from any relationship or business affiliation. Factors that will be considered when concluding whether or not a related party transaction constitutes a conflict of interest and if such a conflict is material, include, but are not limited to: any arm's length procedures established by the charity; the size of the transaction relative to like expenses of the charity; whether the interested party participated in the board vote on the transaction; if competitive bids were sought and whether the transaction is one-time, recurring or ongoing.

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Standard 6: Effectiveness Policy


Description:

Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.

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Standard 7: Effectiveness Report


Description:

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.

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Standard 8: Program Expenses


Description:

Spend at least 65% of its total expenses on program activities.

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Standard 9: Fund Raising Expenses


Description:

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.

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Standard 10: Accumulating Funds


Description:

Avoid accumulating funds that could be used for current program activities. To meet this standard, the charity's unrestricted net assets available for use should not be more than three times the size of the past year's expenses or three times the size of the current year's budget, whichever is higher.

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Standard 11: Audit Report


Description:

Make available to all, on request, complete annual financial statements prepared in accordance with generally accepted accounting principles. When total annual gross income exceeds $500,000, these statements should be audited in accordance with generally accepted auditing standards. For charities whose annual gross income is less than $500,000, a review by a certified public accountant is sufficient to meet this standard. For charities whose annual gross income is less than $250,000, an internally produced, complete financial statement is sufficient to meet this standard.

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Standard 12: Detailed Expense Breakdown


Description:

Include in the financial statements a breakdown of expenses (e.g., salaries, travel, postage, etc.) that shows what portion of these expenses was allocated to program, fund raising, and administrative activities. If the charity has more than one major program category, the schedule should provide a breakdown for each category.

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Standard 13: Accurate Expense Reporting


Description:

Accurately report the charity's expenses, including any joint cost allocations, in its financial statements. For example, audited or unaudited statements which inaccurately claim zero fund raising expenses or otherwise understate the amount a charity spends on fund raising, and/or overstate the amount it spends on programs will not meet this standard.

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Standard 14: Budget Plan


Description:

Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.

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Standard 15: Truthful Materials


Description:

Have solicitations and informational materials, distributed by any means, that are accurate, truthful and not misleading, both in whole and in part. Appeals that omit a clear description of program(s) for which contributions are sought will not meet this standard. A charity should also be able to substantiate that the timing and nature of its expenditures are in accordance with what is stated, expressed, or implied in the charity's solicitations.

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Standard 16: Annual Report


Description:

Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.

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Standard 17: Website Disclosures


Description:

Include on any charity websites that solicit contributions, the same information that is recommended for annual reports, as well as the mailing address of the charity and electronic access to its most recent IRS Form 990.

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Standard 18: Donor Privacy


Description:

Address privacy concerns of donors by (a) providing in written appeals, at least annually, a means (e.g., such as a check off box) for both new and continuing donors to inform the charity if they do not want their name and address shared outside the organization, (b) providing a clear, prominent and easily accessible privacy policy on any of its websites that tells visitors (i) what information, if any, is being collected about them by the charity and how this information will be used, (ii) how to contact the charity to review personal information collected and request corrections, (iii) how to inform the charity (e.g., a check off box) that the visitor does not wish his/her personal information to be shared outside the organization, and (iv) what security measures the charity has in place to protect personal information.

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Standard 19: Cause Marketing Disclosures


Description:

Clearly disclose how the charity benefits from the sale of products or services (i.e., cause-related marketing) that state or imply that a charity will benefit from a consumer sale or transaction. Such promotions should disclose, at the point of solicitation: (a) the actual or anticipated portion of the purchase price that will benefit the charity (e.g., 5 cents will be contributed to abc charity for every xyz company product sold), (b) the duration of the campaign (e.g., the month of October), (c) any maximum or guaranteed minimum contribution amount (e.g., up to a maximum of $200,000).

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Standard 20: Complaints


Description:

Respond promptly to and act on complaints brought to its attention by the BBB Wise Giving Alliance and/or local Better Business Bureaus about fund raising practices, privacy policy violations and/or other issues.