| Entity | Document Type | Tax ID |
|---|---|---|
| American Brain Tumor Association | Audited Financial Statements | 23-7286648 |
| American Brain Tumor Association | IRS Form 990 | 23-7286648 |
|
Entity: American Brain Tumor Association Document Type: Audited Financial Statements Tax ID: 23-7286648 |
|
Entity: American Brain Tumor Association Document Type: IRS Form 990 Tax ID: 23-7286648 |
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Ralph Devitto | President / CEO | $272,147 |
| 2 | Kelly Sitkin | Chief Development Officer | $197,239 |
| 3 | Nicole Wilmarth | Chief Mission Officer | $176,462 |
|
1 Name: Ralph Devitto Title: President / CEO Compensation: $272,147 |
|
2 Name: Kelly Sitkin Title: Chief Development Officer Compensation: $197,239 |
|
3 Name: Nicole Wilmarth Title: Chief Mission Officer Compensation: $176,462 |
According to the American Brain Tumor Association (ABTA) audit of December 31, 2022 (Note B9, Donated Items and Services), ABTA received in-kind donated items and services in 2022 on which it placed a total value of $20,000. [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 on the Our Process page.] |
According to the American Brain Tumor Association (ABTA) audit of December 31, 2022 (Note D, Employee Retention Credits): "In March 2020, the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") was signed into law, which includes provisions for the Employee Retention Credit ("ERC"). The provisions of the ERC were later amended by the Consolidated Appropriations Act, 2021, the American Rescue Plan Act, and the Infrastructure Investment and Jobs Act (collectively, the "Acts"). The ERC is a refundable tax credit taken against certain payroll taxes equal to a specified percentage of qualified wages paid after March 12, 2020 and before October 1, 2021 by an eligible employer, as defined in the Acts. The credit is claimed through the ABTA's quarterly Form 941 payroll tax filings, or other means as prescribed by the IRS. The IRS has extended the statute of limitations on ERC claims from three to five years. As of December 31, 2022 and 2021, claimed credits totaling $356,958 are included as "Employee Retention Credit receivable" on the statements of financial position and the amount was recognized as income for the year ended December 31, 2022. Subsequent to year end, the ABTA received $184,259 of refunds from the IRS." |
According to the American Brain Tumor Association (ABTA) audit of December 31, 2022 (Note K, Note Payable, Paycheck Protection Program): "In April 2021, the Organization entered into a PPP loan agreement that totaled $442,000, bore interest at 1.00%, was set to mature April 2026, was not collateralized, and was eligible for forgiveness subject to provisions of the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act"). The ABTA met requirements, applied for forgiveness in the year ended December 31, 2021, and received forgiveness in December 2021. The ABTA accounted for the advance in accordance with ASC 958-605, in which the advance was treated as a conditional contribution, and was included in revenue as government grant income on the statement of activities as of December 2021." "As part of the PPP, the ABTA is required to retain all records relating to the loan for six years from the date the loan was forgiven and permit authorized representatives of the SBA to access such records upon request. Although forgiveness of the loan has been granted, the SBA may undertake a review at any time at the SBA's discretion." |
