Catholic Relief Services' rating was adjusted for Joint Costs. If you are a donor who considers direct mail, telemarketing, and other Joint Cost solicitations to be true charitable programs, the below efficiency ratios, which were not adjusted for joint costs, may better reflect your goals.
| Program % | Cost to Raise $100 |
|---|---|
| 92% | $9 |
| Entity | Document Type | Tax ID |
|---|---|---|
| Catholic Relief Services USCCB | IRS Form 990 (Pro Forma) | 13-5563422 |
| Catholic Relief Services--U.S. Conference of Catholic Bishops | Audited Consolidated Financial Statements | Multiple |
|
Entity: Catholic Relief Services USCCB Document Type: IRS Form 990 (Pro Forma) Tax ID: 13-5563422 |
|
Entity: Catholic Relief Services--U.S. Conference of Catholic Bishops Document Type: Audited Consolidated Financial Statements Tax ID: Multiple |
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Sean Callahan | President | $500,367 |
| 2 | Schuyler Thorup | Executive VP, Overseas Operations | $328,467 |
| 3 | Mark Palmer | Past CFO | $281,406 |
|
1 Name: Sean Callahan Title: President Compensation: $500,367 |
|
2 Name: Schuyler Thorup Title: Executive VP, Overseas Operations Compensation: $328,467 |
|
3 Name: Mark Palmer Title: Past CFO Compensation: $281,406 |
According to the Catholic Relief Services (CRS) consolidated audit of September 30, 2018 (Note 10, Donated Agriculture, Other Commodities and Ocean Freight), CRS received "Total donated agriculture, other commodities and ocean freight" in fiscal 2018 on which it placed a value of approximately $229.22 million. [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 Relief Services (CRS) consolidated audit of September 30, 2018 (Note 16, Commitments and Contingencies): "CRS entered into a six-year service agreement with a software vendor, effective March 1, 2017, for a minimum financial commitment of $7.2 million over that period. Termination rights under the agreement are only for a breach upon 30 days' notice. As of September 30, 2108, the remaining minimum commitment is $6,2 million." [...] "During the year ended September 30, 2018, CRS identified a probable loss of assets relating to a distribution activity in a single overseas operating location. CRS is fully complying with the funder's requests for information. As the matter is still pending resolution, CRS has estimated a contingent liability for the probable loss using information obtained from the investigation as to the nature of how the loss occurred relative to the volume of the overall activity. CRS's estimate of this contingent liability is $10 million and has been accrued in the [audited] financial statements as of September 30, 2018. The actual loss (reimbursement to funder), if any, may vary from the estimate and that variance could be material." |
According to the Catholic Relief Services consolidated audit of September 30, 2018 (Note 3, Concentration of Credit Risk): "Cash and cash equivalents and segregated investments include demand deposits that are maintained at various financial institutions in the United States and foreign countries. The total deposits at institutions in the United States exceed the Federal Deposit Insurance Corporation (FDIC) insurance limits. Deposits held at institutions outside of the United States are not subject to insurance. At September 30, 2018 and 2017, $61,241,000 and $112,288,000, respectively, of deposits were in excess of FDIC insurance including $29,698,000 and $43,536,000, respectively, held in numerous financial institutions outside of the United States..." |
