Ratings & Metrics
Financial Documents
| Entity | Document Type | Tax ID |
|---|---|---|
| Action on Smoking and Health | IRS Form 990 | 13-2603590 |
| Action on Smoking and Health | Audited Financial Statements | 13-2603590 |
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Entity: Action on Smoking and Health Document Type: IRS Form 990 Tax ID: 13-2603590 |
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Entity: Action on Smoking and Health Document Type: Audited Financial Statements Tax ID: 13-2603590 |
Governance & Transparency
Top Salaries
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Laurent Huber | Executive Director | $241,397 |
| 2 | Chris Bostic | Deputy Director for Policy | $146,521 |
| 3 | Elizabeth Furgurson | COO | $142,349 |
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1 Name: Laurent Huber Title: Executive Director Compensation: $241,397 |
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2 Name: Chris Bostic Title: Deputy Director for Policy Compensation: $146,521 |
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3 Name: Elizabeth Furgurson Title: COO Compensation: $142,349 |
Analysts' Notes
According to the Action on Smoking and Health (ASH) audit of December 31, 2021 (Note 10, Concentration Risk): "For the years ended December 31, 2021 and 2020, one donor contributed more than 10 percent of total revenue each year. Donations from these donors accounted for 57 and 24 percent of ASH's total revenue for the year, respectively." |
According to the Action on Smoking and Health (ASH) audit of December 31, 2021 (Note 5, Paycheck Protection Program Loan): "On March 19, 2021, ASH received a loan pursuant to the PPP [Paycheck Protection Program], a program implemented by the U.S. Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), from a qualified lender for an aggregate principal amount of $124,380 (the PPP Loan). The PPP Loan bears interest at a fixed rate of 1.0 percent per annum, with the first six months of interest deferred, has a term of five years, and is unsecured and guaranteed by the SBA. "The principal amount of the PPP Loan is subject to forgiveness under the PPP upon ASH's request to the extent the PPP Loan proceeds are used to pay expenses permitted by the PPP, including payroll costs, covered rent and mortgage payments incurred by ASH. "While ASH believes that it has acted in compliance with the program and plans to seek forgiveness of the PPP Loan, no assurance can be provided that ASH will obtain forgiveness of the PPP Loan in whole or in part. The balance of the PPP Loan was $124,380 as of December 31, 2021 and has been classified as a long-term liability on the December 31, 2021 statement of financial position. "To the extent that all or part of the PPP Loan is not forgiven, ASH will be required to pay interest on the PPP Loan at a rate of 1.0 percent per annum. Payments are not required to be made while ASH waits for the forgiveness decision if the borrower submits a loan forgiveness application within 10 months of the end of the covered period..." According to the Action on Smoking and Health (ASH) audit of December 31, 2021 (Note 1 re: Subsequent Events): "The date to which events occurring after December 31, 2021, the date of the most recent statement of financial position, have been evaluated for possible adjustment to the financial statements or disclosure is October 11, 2022, which is the date on which the [audited] financial statements were available to be issued. On March 17, 2022, the PPP loan disclosed in Note 5 [cited above] was forgiven by the U.S. Small Business Administration." |
According to the Action on Smoking and Health (ASH) audit of December 31, 2021 (Note 10, Concentration Risk): "Financial instruments that potentially subject ASH to significant concentrations of credit risk consist of investments. Such investments are exposed to various risks such as market and credit fluctuation. Due to the level of risk associated with such investments and the level of uncertainty related to changes in the value of such investments, it is at least reasonably possible that changes in risks in the near term could materially affect investment balances and the amounts reported in the [audited] financial statements." |
According to the Action on Smoking and Health (ASH) audit of December 31, 2021 (Note 1 re: COVID-19): "On March 11, 2020, the World Health Organization recognized COVID-19 as a global pandemic, prompting many national, regional, and local governments to implement preventative or protective measures... As a result, COVID-19 and the related restrictive measures have had a significant adverse impact upon many sectors of the economy, including the industries in which ASH operates. In December 2020, the U.S. Food and Drug Administration approved the distribution of COVID-19 vaccines that, once widely adopted and utilized, may materially reduce the impact of COVID-19 going forward, although the impact of the virus including certain new strains remains uncertain. The impact, scope and duration of any new strains of the virus, and the ability to successfully distribute the vaccines, remain largely unknown. The extent of the impact of COVID-19 on ASH and its' [sic] financial results will depend on future developments, including the duration and spread of the outbreak within the markets in which ASH operates and the related impact on consumer confidence and spending, all of which are highly uncertain." |