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Top Rated

Christopher & Dana Reeve Foundation

CharityWatch rating issued
May 2023

Top-Rated Charity
A-
CharityWatch Rating
Our independent rating based
on a number of factors.
 
84%
Program Percentage
Amount spent on programs
relative to overhead.
 
$22
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Christopher & Dana Reeve Foundation
636 Morris Turnpike
Suite 3A
Short Hills, NJ 07078

Other Names

Christopher Reeve Foundation

Tax Status

501(c)3

Stated Mission

Dedicated to curing spinal cord injury by advancing innovative research and improving the quality of life for individuals and families impacted by paralysis.

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Data based on Fiscal Year Ended 12/31/2021

Program Percentage: 84%

The percentage of Christopher & Dana Reeve Foundation's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$14,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $22

How many dollars Christopher & Dana Reeve Foundation spends on fundraising to raise each $100 of contributions.

$7,400,000

Calculated Total Contributions

(rounded)

Joint Costs

Christopher & Dana Reeve Foundation's 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
85% $20
Accounting rules allow charities to report some telemarketing, direct mail, and other solicitation costs as Program expenses. CharityWatch believes that most donors do not consider a charity's solicitation activities to be the Programs they are intending to support with their donations. We therefore adjust such expenses out of a charity's reported Program expense and add it to Fundraising expense prior to calculating its rating.

Government Funding

50% to 100%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Christopher & Dana Reeve Foundation Audited Financial Statements 22-2939536
Christopher & Dana Reeve Foundation IRS Form 990 22-2939536
Entity: Christopher & Dana Reeve Foundation
Document Type: Audited Financial Statements
Tax ID: 22-2939536
Entity: Christopher & Dana Reeve Foundation
Document Type: IRS Form 990
Tax ID: 22-2939536

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?
 
Christopher & Dana Reeve Foundation
meets governance benchmarks.
 
Christopher & Dana Reeve Foundation
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
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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 Peter Wilderotter Past President/CEO $433,607
2 Margaret Goldberg President/CEO $306,677
3 Aimee Hunnewell Chief Development Officer $218,807
1
Name: Peter Wilderotter
Title: Past President/CEO
Compensation: $433,607
2
Name: Margaret Goldberg
Title: President/CEO
Compensation: $306,677
3
Name: Aimee Hunnewell
Title: Chief Development Officer
Compensation: $218,807

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 Christopher and Dana Reeve Foundation audit of December 31, 2021 (Note 14, Government Assistance, Paycheck Protection Program):

"In March 2020, Congress established the Paycheck Protection Program ('PPP') to provide relief to small businesses during the coronavirus pandemic ('COVID-19') as part of the Coronavirus Aid, Relief, and Economic Security ('CARES') Act. The legislation authorized Treasury to use the Small Business Administration's ('SBA') 7(a) small business lending program to fund forgivable loans that qualifying businesses could spend to cover payroll, mortgage interest, rent and utilities. Upon meeting certain criteria as specified in the PPP program, the loans are eligible for partial or total forgiveness."

[...]

"The Foundation applied for and received proceeds of $487,441 through the PPP on April 12, 2020 from Provident Bank. As of December 31, 2020, the Foundation had determined that all criteria for forgiveness were substantially met and that the PPP loan and all accrued interest would be 100% forgiven. As such...the Foundation has recognized $487,441 of the loan proceeds as of December 31, 2020 as Paycheck Protection Program Grant Income. The Foundation applied for and was granted full forgiveness of the PPP loan on March 31, 2021.

"The Foundation also applied for and received proceeds of $392,619 through the PPP on February 4, 2021 from Provident Bank. As of December 31, 2021, the Foundation had determined that all criteria for forgiveness were substantially met and that the PPP loan and all accrued interest would be 100% forgiven. As such...the Foundation has recognized $392,619 of the loan proceeds as of December 31, 2021 as Paycheck Protection Program Grant Income. The Foundation applied for and was granted full forgiveness of the PPP loan on February 2, 2022."

According to the Christopher and Dana Reeve Foundation audit of December 31, 2021 (Note 4, Investment at Cost):

"At December 31, 2020 [sic], the Foundation's investments in companies that are accounted for on the cost method of accounting consist of a 16.16% investment in NRT Holdings, LLC ('NRT Holdings') and 3% investment in AXONIS Therapeutics Inc. ('Axonis'). In 2019, NRT Holdings was purchased for $1,444,060. The Foundation purchased an additional NRT Holdings investment of $297,950 during the year ended December 31, 2020. In 2021, the Foundation purchased an interest in Axonis for $250,000.

"The Foundation's investments accounted for on the cost method of accounting are $1,992,010 and $1,742,010 as of December 31, 2021 and 2020, respectively."


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