SeriousFun Children's Network meets the 20 Standards for Charity Accountability.
SeriousFun Children's Network (SeriousFun) reports that it is a community of 16 member medical specialty camps and partner programs operating in 50 countries. The organization shares best practices between camps, awards grants to member camps to support fundraising and sustainability, and works with international and local medical and operational partners to serve children with serious medical issues. In 2020, SeriousFun states that it hosted more than 82,200 children and their families at its camps, awarded 22 grants to support camp operations, and developed The Evaluation Academy, which provides strategies and skill-building related to camp program evaluations.
For the year ended December 31, 2020, SeriousFun Children's Network's program expenses were:
Program services |
$10,848,714 |
Total Program Expenses: |
$10,848,714 |
*2020 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Planned giving arrangements, Cause- related marketing (affinity credit cards, consumer product sales, etc.)
Fundraising costs were 11% of related contributions. (Related contributions, which totaled $14,439,742 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 - consolidated for the year ended December 31, 2020.
Source of Funds |
Contributions |
$12,196,547 |
In-kind contributions |
$1,399,570 |
Other grant revenue |
$703,200 |
Realized and unrealized gain on investments |
$397,705 |
Dividends, interest and other investment income |
$172,016 |
Special events, net |
$140,425 |
Total Income |
$15,009,463 |
- Programs: 83%
- Fundraising: 12%
- Administrative: 5%
Total Income |
$15,009,463 |
Program expenses |
$10,848,714 |
Fundraising expenses |
$1,564,948 |
Administrative expenses |
$704,061 |
Other expenses |
$0 |
Total expenses: |
$13,117,723 |
Income in Excess of Expenses |
$1,891,740 |
Beginning Net Assets |
$12,254,838 |
Other Changes In Net Assets |
$23,151 |
Ending Net Assets |
$14,169,729 |
Total Liabilities |
$2,777,744 |
Total Assets |
$16,947,473 |
Note 1: As noted in the above financial section, "other changes in net assets" refers to a gain on foreign currency.
Note 2: According to SeriousFun's 2020 audited financial statements, the organization received $1,399,570 in contributed goods and services including clothing and household goods ($1,301,717), toys and games ($74,641), food ($22,612), and miscellaneous ($600).