| Entity | Document Type | Tax ID |
|---|---|---|
| American Liver Foundation | IRS Form 990 | 36-2883000 |
| American Liver Foundation | Audited Financial Statements | 36-2883000 |
|
Entity: American Liver Foundation Document Type: IRS Form 990 Tax ID: 36-2883000 |
|
Entity: American Liver Foundation Document Type: Audited Financial Statements Tax ID: 36-2883000 |
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | David Ticker | CFO | $178,211 |
| 2 | Kelly Smith | National Director | $150,160 |
| 3 | Lorraine Stiehl | CEO | $142,595 |
|
1 Name: David Ticker Title: CFO Compensation: $178,211 |
|
2 Name: Kelly Smith Title: National Director Compensation: $150,160 |
|
3 Name: Lorraine Stiehl Title: CEO Compensation: $142,595 |
According to the American Liver Foundation audited Statement of Activities for the year ended December 31, 2021, the Foundation received in-kind contributed services on which it placed a total value of $67,407. [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 Liver Foundation audit of December 31, 2021 (Note 6, Loan Payable): "On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act. In April 2020, the Foundation received a loan in the amount of $737,979 (PPP1) pursuant to the Paycheck Protection Program (PPP). The Foundation has elected to account for the funding as a loan... Forgiveness of the loan is recognized as a gain in the financial statements in the period the debt is legally released. In February 2021, the Small Business Administration (SBA) approved the loan forgiveness and the amount was recorded as revenue. "In February 2021, [the] Foundation received a second loan in the amount of $697,237 [PPP2]. The loan is due two years from the date of the first disbursement under the loan and has a fixed interest rate of 1 percent per year. Any forgiveness of the loan will be recognized as a gain in the financial statements in the period the debt is legally released. In February 2022, the SBA approved the forgiveness of the aforementioned PPP2 loan. "PPP loans are subject to audit and acceptance by the U.S. Department of Treasury, SBA or lender; as a result of such audit, adjustments could be required to any gain recognized." |
According to the American Liver Foundation audit of December 31, 2021 (Note 11, Significant Estimates and Concentrations, Investments): "The Foundation invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near-term and that such changes could materially affect the amounts reported in the accompanying [audited] statement of financial position." |
