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.

Any time an Analysts' Note refers to a charity's Audited Financial Statements or IRS tax form, CharityWatch encourages interested donors to obtain a copy of the referenced documents so that they may view the information in context. Please contact the charity directly to request a copy of any referenced document. Charity tax forms and audits may also be obtained from a number of online databases. For a list of sources, please visit our LINKS page.

Note(s)
According to the Diabetes Research Institute Foundation consolidated audit of June 30, 2016 (Note F, Grant Contracts):

"The US [Diabetes Research Institute] Foundation executed an agreement, as amended, with the State of Florida Department of Health-Children's Medical Services ('CMS'). Under this agreement, CMS is to reimburse the US [Diabetes Research Institute] Foundation up to approximately $740,000 for costs incurred from July 1, 2015 through June 30, 2018. During the first year of the contract, the Foundation will be paid a reimbursement of approximately $78,000 per quarter. CMS reimbursed the US [Diabetes Research Institute] Foundation a total of approximately $305,000 during the current year [fiscal 2016]..."

"On July 8, 2016 the US [Diabetes Research Institute] Foundation amended the three year agreement with CMS. Under this amendment, CMS is to reimburse the US [Diabetes Research Institute] Foundation up to approximately $1,062,000 for costs incurred from July 1, 2015 through June 30, 2018. During the second year of the contract, the Foundation will be paid a reimbursement of approximately $134,000 per quarter."

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