American Near East Refugee Aid (ANERA)

According to the American Near East Refugee Aid (ANERA) audit of May 31, 2021 (Note 9, Non-Financial Contributions), ANERA recognized non-financial (or in-kind) contributions in fiscal 2021 on which it placed a total value of $91,360,710. The in-kind contributions received included $86,624,703 in donated drugs and medical supplies, according to the ANERA fiscal 2021 tax filing (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 on the Our Process page.]

According to the American Near East Refugee Aid (Anera) audit of May 31, 2021 (Note 1 re: Deferred revenue):

"Deferred revenue consists of cash received for grant advances and contributions to support events in future periods, which have not yet been expended.

"The deferred revenue balance at May 31, 2020 includes $249,010 that was received as part of the Paycheck Protection Program (PPP) funds received from the U.S. Small Business Administration (SBA) in May 2020 to support U.S.-based salaries. During the years ended May 31, 2021 and 2020, Anera received $0 and $384,280 of PPP funds, respectively. These funds were recorded as deferred revenue until the condition was met and revenue was recognized. During the years ended May 31, 2021 and 2020, $249,010 and $135,270, respectively, was recognized as unrestricted revenue in the [audited] statements of activities as all conditions were met. Subsequent to May 31, 2021, Anera's PPP loan was forgiven in full."

According to the American Near East Refugee Aid (Anera) audit of May 31, 2021 (Note 11, Contingencies):

"Management is continually monitoring the potential impact of the coronavirus (COVID-19) pandemic on Anera. Management will review and adjust planned operations should it be determined the outbreak will significantly impact the financial position and activities of Anera."

According to the American Near East Refugee Aid (ANERA) audit of May 31, 2021 (Note 6, Accrued Benefits), ANERA reports accrued severance in the amount of $1,074,538 at May 31, 2021, and regarding the accrued severance, ANERA notes:

"The law operative in Jerusalem, West Bank, Gaza and Lebanon dictates that upon retirement, an employee shall receive a defined end-of-service indemnity benefit. The benefit is calculated based on one month of the employee's salary rate as of the end-of-service and multiplied by the number of years of service. At May 31, 2021 and 2020, accrued severance was fully funded."

Also according to Note 6 of the ANERA fiscal 2021 audit: "During the years ended May 31, 2021 and 2020, termination benefits of $100,805 and $111,538, respectively, were paid."