Children's Tumor Foundation meets the 20 Standards for Charity Accountability.
CTF raises funds for medical research into Neurofibromatosis (NF) through three national programs NF Walk, NF Endurance, and Racing4Research. The organization reports that the NF Walk program is a community-based event, organized by local volunteers, who coordinate events across the country to raise funds for CTF. The NF Endurance program provides participants the opportunity to run, bike, or swim in endurance events across the nation while fund raising for the organization. CTF reports that their Racing4Research program utilizes competitive, professional auto racing as a vehicle to increase awareness of NF and raise funds for research through corporate sponsorship, personal donations, and individual fund raising. The organization assists in the development of clinical centers, best practices, and other patient support services. In addition, CTF works to expand public awareness of NF, to promote earlier diagnoses by the medical community, increase the non-affected population's understanding of the challenges facing people with NF, and encourage financial and other forms of support from public and private sources.
For the year ended March 31, 2018, Children's Tumor Foundation's program expenses were:
Research and medical |
$6,808,309 |
Public education and patient support |
$4,667,514 |
Total Program Expenses: |
$11,475,823 |
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Chief Executive
Annette Bakker, PhD, President and Chief Scientific Officer
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Compensation*
$328,522
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Chair of the Board
Richard Horvitz
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Chair's Profession / Business Affiliation
Chairman, Private Family Investment Office
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Board Size
20
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Paid Staff Size
45
*2016 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, Print advertisements (newspapers, magazines, etc.), Cause- related marketing (affinity credit cards, consumer product sales, etc.)
Fundraising costs were 12% of related contributions. (Related contributions, which totaled $15,058,808, 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 Tumor Foundation's audited financial statements for the year ended March 31, 2018.
Source of Funds |
Special event revenue, net |
$8,147,756 |
Contributions - corporations and foundations |
$3,204,939 |
Contributions - individuals |
$2,839,870 |
Contributed goods and services |
$763,721 |
Investment activity |
$304,524 |
Bequests |
$102,522 |
Other income |
$41,162 |
Total Income |
$15,404,494 |
- Programs: 80%
- Fundraising: 13%
- Administrative: 7%
Total Income |
$15,404,494 |
Program expenses |
$11,475,823 |
Fundraising expenses |
$1,862,625 |
Administrative expenses |
$1,039,689 |
Other expenses |
$0 |
Total expenses: |
$14,378,137 |
Income in Excess of Expenses |
$1,026,357 |
Beginning Net Assets |
$10,438,455 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$11,464,812 |
Total Liabilities |
$2,339,491 |
Total Assets |
$13,804,303 |
Note: According to CTF's 2016 audited financial statements, the organization received in-kind contributions totaling $763,721 in the form of contributed goods used for fundraising ($366,130), donated advertising ($366,000), and contributed services ($31,591).