June 10, 2013
Tampa Bay Times
The Center for Investigative Reporting
Dear Ms. Hundley and Ms. Taggart:
Once again, I repeat my request for you to explain exactly what formula you used to arrive at the numbers you reported for Children’s Cancer Recovery Foundation (CCRF) in your article of June 6.
If you would compute the revenue and expenses using the American Institute of Certified Public Accountants (AICPA) rules and their Financial Accounting Standards Board (FASB) guidance, you will find 81.4% of expenses went directly to helping children and their families who are going through cancer. We are required by law to follow those rules.
It appears to me that you created some fictional “Tampa Bay Times Accounting Standards” and then proceeded to judge charities based on those fabrications. Do you understand the seriousness of what you have perpetrated? In my opinion, this is not just bad journalism, it is one of the worst examples ever.
Once again, I remind you of my previous letter to you dated April 19, 2013:
We ask that you carefully note and explicitly communicate that CCRF has never had a sanction or qualification placed on it by the IRS, any State Attorney General or any independent auditor. In short, please be certain you depict CCRF accurately. We will hold you accountable should you compare CCRF’s performance against any standard other than what is required by GAAP, FASB, IFRS and IRC.
The saddest thing is that the children and families who receive and depend on our many services are likely to be impacted. That is deeply troubling to me. And to our partners and sponsors, please know we have strictly followed the established rules. Be assured we will not be deterred by some exploitive media depiction that is blatantly misleading. We exist to deliver program services. We remain focused on that mission.
Greg Anderson, Founder & CEO
Children’s Cancer Recovery Foundation