Pediatric Cancer Research Foundation does not meet the following 1 Standards for Charity Accountability:
Standard 7 (Board Approval of Written Report on Effectiveness)
Submit to the organization's governing body, for its approval, a written report that outlines the results of the aforementioned performance and effectiveness assessment and recommendations for future actions.
PCRF does not meet this Standard because:
- The organization has not completed an effectiveness assessment in the last two years.
Pediatric Cancer Research Foundation meets the remaining 19 Standards for Charity Accountability.
Pediatric Cancer Research Foundation (PCRF) reports that it funds research to power cures that reduce the percentage of children who perish from cancer to zero. The organization states that it works with doctors, researchers, and nurses to identify the specific challenges they face in bringing new treatments to and caring for children with cancer. PCRF awards four types of grants: basic research science grants, translational research grants, emerging investigator fellowship grants, and designated grants.
For the year ended December 31, 2020, Pediatric Cancer Research Foundation's program expenses were:
Pediatric cancer research |
$2,126,954 |
Total Program Expenses: |
$2,126,954 |
*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 13% of related contributions. (Related contributions, which totaled $3,233,755, 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 Pediatric Cancer Research Foundation's audited financial statements for the year ended December 31, 2020.
Source of Funds |
General public support |
$2,426,508 |
Special events, net |
$706,747 |
CARES Act income |
$100,500 |
Total Income |
$3,233,755 |
- Programs: 79%
- Fundraising: 15%
- Administrative: 6%
Total Income |
$3,233,755 |
Program expenses |
$2,126,954 |
Fundraising expenses |
$413,204 |
Administrative expenses |
$171,832 |
Other expenses |
$0 |
Total expenses: |
$2,711,990 |
Income in Excess of Expenses |
$521,765 |
Beginning Net Assets |
$2,256,435 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$2,778,200 |
Total Liabilities |
$355,804 |
Total Assets |
$3,134,004 |
Note: According to the organization's audited financial statements for the year ended December 31, 2020, PCRF received in-kind contributions totaling $112,914 in the form of donated materials and assets related to special events.