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CHARITY REVIEW
Issued: January 2024 Expires: January 2026

SeriousFun Children's Network

Accredited Charity
Accredited Charity

Meets Standards

Accreditation seal
230 East Avenue, Suite 107
Norwalk, CT, 06855

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

SeriousFun Children's Network meets the 20 Standards for Charity Accountability.

Stated Purpose:
"to empower children with serious illnesses and their families to reimagine what is possible by creating inclusive camp and recreational experiences, inspiring confidence and joy, and building community and connection."

Year, State Incorporated:
2001, CT

SeriousFun Children's Network (SeriousFun) reports that it operates 30 medical specialty camps and programs serving children with serious illnesses and their families. In 2022, the organization states that it, along with partner programs, served more than 175,000 children and families at its camps, with over 18,400 volunteers supporting programming and outreach.

For the year ended December 31, 2022, SeriousFun Children's Network's program expenses were:

Program services $12,912,704
Total Program Expenses $12,912,704

Chief Executive
Jeffrey Blake Maher, Chief Executive Officer

Compensation*
$361,919

Chair of the Board
Maurice Pratt

Chair's Profession / Business Affiliation
Chairman, Uniphar Plc

Board Size
45

Paid Staff Size
34

*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Radio

Fundraising costs were 6% of related contributions. (Related contributions, which totaled $14,495,580, 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 SeriousFun Children's Network's audited financial statements for the year ended December 31, 2022.

Source of Funds
Realized and unrealized loss on investments $-898,651
Other gains $2,492
Dividends, interest and other investment income $157,740
In-kind contributions $690,853
Special events, net $1,317,771
Contributions $12,486,956
Total Income $13,757,161

Programs: 88% Fundraising: 6% Administrative: 6%

Total Income $13,757,161
Total expenses: $14,687,692
  Program expenses $12,912,704
  Fundraising expenses $866,024
  Administrative expenses $908,964
  Other expenses $0
Income in Excess of Expenses $-930,531
Beginning Net Assets $16,452,922
Other Changes In Net Assets $-65,217
Ending Net Assets $15,457,174
Total Liabilities $4,071,455
Total Assets $19,528,629

Note 1: As noted in the above financial section, "other changes in net assets" refers to a loss on foreign currency.

Note 2: As noted by SeriousFun's audited financial statements - consolidated - for the year ended December 31, 2022, the organization received $690,853 in contributed goods and services including clothing ($557,936), toys ($117,384), food products ($15,243), and masks ($290).

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.

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Report completed by:
BBB Wise Giving Alliance