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Children's Cancer Fund of America (DISSOLVED)

CharityWatch report issued
October 2013

F
CharityWatch Grade
Our independent grade based
on a number of factors.
 
11%
Program Percentage
Amount spent on programs
relative to overhead.
 
$85
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Children's Cancer Fund of America (DISSOLVED)
2317 West Emory Road
Powell, TN 37849

Other Names

Children's Critical Care Foundation

Tax Status

501(c)3

Website

www.ccfoa.org

Stated Mission

To assist and support children suffering with cancer, and their families.

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Data based on Fiscal Year Ended 12/31/2012

Program Percentage: 11%

The percentage of Children's Cancer Fund of America (DISSOLVED)'s cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$6,500,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $85

How many dollars Children's Cancer Fund of America (DISSOLVED) spends on fundraising to raise each $100 of contributions.

$6,400,000

Calculated Total Contributions

(rounded)

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Children\'s Cancer Fund of America IRS Form 990 20-1226416
Children\'s Cancer Fund of America Audited Financial Statements 20-1226416
Entity: Children\'s Cancer Fund of America
Document Type: IRS Form 990
Tax ID: 20-1226416
Entity: Children\'s Cancer Fund of America
Document Type: Audited Financial Statements
Tax ID: 20-1226416

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
Children's Cancer Fund of America (DISSOLVED)
does not meet governance benchmarks.
 
Children's Cancer Fund of America (DISSOLVED)
does not meet transparency benchmarks.

CharityWatch Governance Concerns

See Analysts' Notes for Explanation
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy

  Name Title Compensation
1 Rose Perkins CEO $231,672
1
Name: Rose Perkins
Title: CEO
Compensation: $231,672

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.
On May 19, 2015, the FTC and 58 law enforcement partners from every state and the District of Columbia announced that they have charged the Children's Cancer Fund of America (CCFOA) and three other "sham cancer charities and their operators with bilking more than $187 million from consumers." According to the news release, CCFOA has agreed to settle the charges against it and under the proposed settlement orders, CCFOA will be dissolved. Click on the "Articles & Alerts" Tab for a link to the full news release by the FTC.]
According to the Children's Cancer Fund of America tax filing for 2012, the Organization reports receiving in-kind goods valued at approximately $1.95 million, including donated drugs and medical supplies valued at $1.79 million (Form 990 Schedule M). The Organization reports that the $1.79 million in donated drugs and medical supplies were distributed to unidentified organizations in the regions of Central America and the Caribbean (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.]
According to the Children's Cancer Fund of America audit of Dec. 31, 2012 (Note 6):

"During 2010, the Organization entered into a note agreement as the lender with an officer [the CEO, Rose Perkins]. The original amount of the loan to the officer was $74,000. It is to be paid back to the Organization in monthly installments of $1,431, including interest at 8.00%. The balance of the note as of December 31, 2012 is $33,837."

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