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Catholic Medical Mission Board

CharityWatch report issued
March 2023

Top-Rated Charity
B+
CharityWatch Grade
Our independent grade based
on a number of factors.
 
74%
Program Percentage
Amount spent on programs
relative to overhead.
 
$22
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Catholic Medical Mission Board
100 Wall Street
9th Floor
New York, NY 10005-3722

Other Names

cmmb

Tax Status

501(c)3

Website

www.cmmb.org

Stated Mission

Works collaboratively to provide quality healthcare programs and services, without discrimination, to people in need around the world.

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Data based on Fiscal Year Ended 09/30/2021

Program Percentage: 74%

The percentage of Catholic Medical Mission Board's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$43,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $22

How many dollars Catholic Medical Mission Board spends on fundraising to raise each $100 of contributions.

$29,000,000

Calculated Total Contributions

(rounded)

Government Funding

25% to 49%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Catholic Medical Mission Board IRS Form 990 13-5602319
Catholic Medical Mission Board Audited Financial Statements 13-5602319
Entity: Catholic Medical Mission Board
Document Type: IRS Form 990
Tax ID: 13-5602319
Entity: Catholic Medical Mission Board
Document Type: Audited Financial Statements
Tax ID: 13-5602319

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
Catholic Medical Mission Board
meets governance benchmarks.
 
Catholic Medical Mission Board
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy Opt-Out Policy  

  Name Title Compensation
1 Bruce Wilkinson Past President/CEO $373,880
2 Richard Day Senior VP, Programs $296,764
3 Michael O'Hara CFO $296,686
1
Name: Bruce Wilkinson
Title: Past President/CEO
Compensation: $373,880
2
Name: Richard Day
Title: Senior VP, Programs
Compensation: $296,764
3
Name: Michael O'Hara
Title: CFO
Compensation: $296,686

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.

According to the Catholic Medical Mission Board (CMMB) audit of September 30, 2021 (Note 2-F, Donated pharmaceuticals, equipment, supplies and services), CMMB received in-kind "donated pharmaceuticals, equipment and supplies" in fiscal 2021 on which it placed a value of approximately $370,000,000. CMMB also received in-kind donated services in fiscal 2021 on which it placed a value of approximately $772,000.

[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 Catholic Medical Mission Board audit of September 30, 2021 (Note 8, Refundable Advances):

"The Organization obtained a $741,980 loan under the Paycheck Protection Program ('PPP') administered by a Small Business Administration (SBA) approved partner. The Organization was eligible for loan forgiveness of up to 100% of the loan, upon meeting certain requirements. The Organization had initially recorded the loan as a refundable advance in accordance with the guidance for conditional contributions when there is no longer a measurable performance or other barrier and a right of return of the PPP loan or when such conditions are explicitly waived. The loan was forgiven in May 2021, and contribution revenue was recorded for the year ended September 30, 2021. No contribution revenue had been recorded for the year ended September 30, 2020."

According to the Catholic Medical Mission Board audit of September 30, 2021 (Note 14, Commitments and Contingencies):

"The Organization was a defendant in a legal action arising out of the normal course of its operations, including a matter that was under appeal with the Office of the California Attorney General. On July 6, 2021, the Superior Court of the State of California ruled in the Organization's favor and entered judgment against the California Attorney General who subsequently appealed that decision. The Organization is confident that the Superior Court of the State of California's ruling is correct and will be affirmed upon appeal."

[...]

"The COVID-19 pandemic remains a rapidly evolving situation. The extent of the impact of COVID-19 on the Organization's business and financial results will depend on future developments, including the duration and spread of the outbreak. The Organization continues to monitor evolving economic and general business conditions and the actual and potential impacts on its financial position and results of operations."


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