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CHARITY REVIEW
Issued: July 2023 Expires: July 2025

Children's Cancer Research Fund

Accredited Charity
Accredited Charity

Meets Standards
Accreditation seal
(888) 422-7348
7301 Ohms Lane, Suite 355
Minneapolis, MN, 55439
https://www.ChildrensCancer.org
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Children's Cancer Research Fund meets the 20 Standards for Charity Accountability.

Stated Purpose:
"to find a cure for childhood cancer."

Year, State Incorporated:
1998, MN

Children's Cancer Research Fund (CCRF) reports that they provide grants to scientists whose ideas are aiming to impact children with cancer. The organization also supports family services and advocates for childhood cancer education and awareness.

For the year ended December 31, 2021, Children's Cancer Research Fund's program expenses were:

Research grants: $10,532,990

Education and awareness: $19,237,198

Patient and family services: $610,298

Total Program Expenses: $30,380,486

Chief Executive
Daniel Gumnit, Chief Executive Officer

Compensation*
$70,617

Chair of the Board
Susan Doherty

Chair's Profession / Business Affiliation
Regional Executive, American Hospital Association

Board Size
22

Paid Staff Size
38

*2020 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances. Mr. Gumnit started in August of 2020. The organization's highest paid employee during 2020 was Darla Nemec who received compensation of $164,804.

Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Radio, Special events, Print advertisements

CCRF incurred joint costs of $6,481,800 for informational materials and activities that included fundraising materials. Of those costs $3,438,400 was allocated to program expenses and $3,043,400 was allocated to fundraising expenses.

Fundraising costs were 11% of related contributions. (Related contributions, which totaled $35,132,817, are donations received as a result of fundraising activities.)

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.

The following information is based on Children's Cancer Research Fund's audited financial statements for the year ended December 31, 2021.

Source of Funds
General contributions $5,490,431
Events $15,938,041
Donated goods and services $13,591,772
Cause marketing $112,573
Investment income $481,344
Other $47,355
Total Income $35,661,516

Programs: 85% Fundraising: 11% Administrative: 4%

Total Income $35,661,516
Total expenses: $35,558,894
  Program expenses $30,380,486
  Fundraising expenses $3,838,982
  Administrative expenses $1,339,426
  Other expenses $0
Income in Excess of Expenses $102,622
Beginning Net Assets $4,869,326
Other Changes In Net Assets $580,200
Ending Net Assets $5,554,148
Total Liabilities $10,634,955
Total Assets $16,189,103

Note 1: According to CCRF's audited financial statements for the year ended December 31, 2020, the organization received in-kind contributions totaling $13,591,772 in the form of education media outreach.

Note 2: In the above financial section, "other income" represents forgiveness of note payable.

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 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 International Association of Better Business Bureaus.

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

RELATED CONTENT

Report completed by:
BBB Wise Giving Alliance