According to the Cancer Recovery Foundation International audit of December 31, 2018 (Note A, Nature of Activities): "Effective January 1, 2016, Cancer Recovery Foundation International, Inc. (CRFI), the 'Organization,' was acquired by the Cancer Recovery Foundation of America (CRFA), with operations continuing under the name Cancer Recovery Foundation International, Inc. The Organization is a 501(c)(3) non-profit organization." [...] "In May 2009, CRFI entered into various affiliation agreements with organizations to provide certain program, administrative, and fundraising support. During the year December 31, 2016, all affiliation agreements had been cancelled other than Children's Cancer Recovery Foundation (CCRF - USA), Cancer Recovery et Resilience (CRF - France) and Stiftung Krebsbekaempfung (CRF - Germany). In 2018 the Organization publicly supported CCRF-USA but the Affiliation agreement with CCRF-USA was cancelled on May 15, 2018. The affiliation agreements with CRF - France and CRF - Germany were in affect [sic] as of December 31, 2018." [Note: CharityWatch issues a separate rating for Children's Cancer Recovery Foundation (tax ID #33-0418563).]
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According to the Cancer Recovery Foundation International (CRFI) audit of December 31, 2018 (Note D, Gifts-In-Kind), CRFI received donated in-kind medicines in 2018 on which it placed a value of $3,859,549. According to the 2018 CRFI tax filing, CRFI reports that $3,859,549 in in-kind medicines were shipped for the purpose of "Humanitarian Aid" to the region of Central America and the Caribbean (IRS Form 990, Schedule F). [Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]
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According to the Cancer Recovery Foundation International audit of December 31, 2018 (Note J, Related Party Transactions): "For the years ended December 31, 2018 and 2017, the Organization paid rent expense totaling $6,000 to an officer of the Organization for the use of home office and storage space used by the Organization. "For the years ended December 31, 2018 and 2017, the Organization billed administrative fees and reimbursements totaling $285 and $1,146, respectively, to a Company run by an officer of the Organization..." [...] "The Organization, at December 31, 2018 and 2017, donated $5,840 and $34,652, respectively, to an international affiliate to assist with general and administrative costs." |
According to the Cancer Recovery Foundation International audit of December 31, 2018 (Note L, Subsequent Events): "Based on the federal trades commissions [sic] 2012 shift in regulations regarding soundboard technology, which went into effect in May of 2017, management has determined that it will need to curtail prospect calls in order to meet the regulations. Management is unable to estimate what the overall financial effect of this change will be on its financial activities and operations in 2019 but does believe it will materially decrease contributions received resulting in a decline in programs and other operating activities. Management has already implemented a reduction in overhead hoping to maintain its past level of program support. "As of March 6, 2019, the Organization has requested that the internal revenue service [IRS] change its public charity status from an IRC Section 509(a)(3) Type 1 supporting organization to a public charity classified under section 509(a)(1) and 170(b)(1)(A)(vi)." |
According to the Cancer Recovery Foundation International audit of December 31, 2018 (Note A, Cancellation of Debt):
"The Organization had $81,000 in trade payables related to purchases in 2016. As of December 31, 2017, the amount had been fully forgiven by the vendor. There was no cancellation of debt during the year ended December 31, 2018." |
According to the Cancer Recovery Foundation International audit of December 31, 2018 (Note H, Concentrations):
"The Organization received 99% of cash contributions for the year ended December 31, 2018, from three fundraising agencies. Total cash contributions received from these agencies were $7,095,815." |
