| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Alison Moore | Chief Executive Officer | $455,333 |
| 2 | Mary Corigliano | SVP Brand & Marketing | $272,657 |
| 3 | Lisa Gadson-Clark | SVP HR & Operations | $253,389 |
|
1 Name: Alison Moore Title: Chief Executive Officer Compensation: $455,333 |
|
2 Name: Mary Corigliano Title: SVP Brand & Marketing Compensation: $272,657 |
|
3 Name: Lisa Gadson-Clark Title: SVP HR & Operations Compensation: $253,389 |
According to the Comic Relief (CR US) audit of December 31, 2023 (Note 8, Contributions of Nonfinancial Assets), CR US received nonfinancial assets in 2023 on which it placed a total value of $20,647. In addition, per audit Note 8: "CR US received contributed nonfinancial assets from NBC and CBS to carry out a national fundraising and awareness raising campaign including television and digital integrations, features and promotions. The amount recognized as revenue in the financial statements relates to contributions received during programming." [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 Comic Relief (CR US) audit of December 31, 2023 (Note 6, Concentration of Risk): "...For the year ended December 31, 2023, approximately 80% of support and revenue was received from two partners... ...A partnership agreement which represented 71% of support and revenue for both the years ended December 31, 2023 and 2022, expired during 2023 and will not be renewed." |
According to the Comic Relief (CR US) audit of December 31, 2023 (Note 7, Related Party Transactions): "CR US incurred legal expenses with a firm, wherein a board member is a partner. During the years ended December 31, 2023 and 2022, the total expenses incurred were $62,642 and $54,430, respectively. During 2023, a board member contributed $153,192 to the organization in support of the Gala event. The organization also paid a board member $65,000 and $40,000 during the years ended December 31, 2023 and 2022, respectively, for expenses associated with supporting the organization." |
According to the Comic Relief (CR US) audit of December 31, 2023 (Note 10, Special Events): "CR US held their first annual Gala event in December 2023. Gross proceeds from the event of $597,687 are included in the statements of activities for the year ended December 31, 2023. The costs of direct benefits to donors include food and beverages of $267,675, entertainment and production of $108,288 and other direct costs of $20,625 which are included in the total Special Event expenses included on the statement of functional expenses for the year ended December 31, 2023." |
According to the Comic Relief (CR US) audit of December 31, 2023 (Note 11, Government Grants and Loans Payable): "On March 22, 2021, CR US received loan proceeds in the amount of $586,807 under the Paycheck Protection Program (Second Draw PPP Loan). The Second Draw PPP Loan, established as part of the amended CARES Act, provides for loans to qualifying businesses for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business. The loan and accrued interest are forgivable after eight or 24 weeks as long as the borrower uses the loan proceeds for eligible purposes, as described in the CARES Act. The amount of loan forgiveness will be reduced if the borrower terminates employees or reduces salaries during the covered period. On April 19, 2022, the Second Draw PPP Loan and accrued interest were forgiven in full and recognized as government grants revenue within the accompanying statement of activities for the year ended December 31, 2022. The CARES Act provides an employee retention credit, a refundable tax credit against employment taxes of up to $5,000 per employee for eligible employers. The tax credit is equal to 50% of qualified wages paid to employees during a quarter, capped at $10,000 of qualified wages through December 31, 2020. Additional relief provisions were passed by the United States Government, which extended and expanded the wage caps on these credits through December 31, 2021. Based on these additional provisions, the tax credit was increased to 70% of qualified wages paid to employees per quarter. CRUS submitted an application for tax credits related to wages incurred during the third and fourth quarters of 2020 and second and third quarters of 2021. Management asserts that their application sufficiently met the criteria to receive the credit from the Internal Revenue Service (IRS) and, therefore, the full amount of the credit and interest totaling $529,197 has been reported as government grants in the accompanying statement of activities for the year ended December 31, 2022." |
