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.
|CharityWatch's rating of JDRF International includes the financial activities of the JDRF Chapters located throughout the United States and JDRF Therapeutics Fund LLC (JTF). "The purpose of JTF is to materially accelerate the research and development of new therapies that have the potential to provide a cure for Type 1 Diabetes (T1D) or to substantially mitigate its effects through markedly improved medical devices for use by T1D patients," according to Note 1 of the JDRF International audit of June 30, 2016.|
Not included in the JDRF International rating are the JDRF international affiliates "located in Canada, Australia, the United Kingdom, and a number of other countries... [S]ince JDRF does not exercise control over the management and operations of the international affiliates. However, international affiliates provide funding to JDRF for research grants...," also according to audit Note 1. JDRF International received approximately $8.4 million in funding from international affiliates in fiscal 2016, according to audit Note 8.
|According to the JDRF International tax filing for the fiscal year-ended June 30, 2016, JDRF reports receiving donated in-kind auction items valued at approximately $12.3 million in fiscal 2016 (IRS Form 990, Schedule M).|
[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 by clicking on "About CharityWatch" from the navigation bar and then clicking on "Criteria & Methodology".]
|According to the JDRF International audit of June 30, 2016 (Note 10(a), Commitments and Contingencies, Research Grants):|
JDRF had "conditional research grants commitments, including milestone contracts," of approximately $84,176,000 as of June 30, 2106. The conditional research grants will be recognized on JDRF's financial statements "when the conditions have been substantially met."