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Diabetes Research Institute Foundation

CharityWatch report issued
June 2017

Top-Rated Charity
B+
CharityWatch Grade
Our independent grade based
on a number of factors.
 
76%
Program Percentage
Amount spent on programs
relative to overhead.
 
$20
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Diabetes Research Institute Foundation
200 South Park Road
Suite 100
Hollywood, FL 33021

Other Names

Dollars Against Diabetes (DAD's Day)
DRIF

Tax Status

501(c)3

Stated Mission

To provide the Diabetes Research Institute (at the University of Miami Miller School of Medicine) with the funding necessary to cure diabetes now.

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Data based on Fiscal Year Ended 06/30/2016

Program Percentage: 76%

The percentage of Diabetes Research Institute Foundation's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$11,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $20

How many dollars Diabetes Research Institute Foundation spends on fundraising to raise each $100 of contributions.

$8,700,000

Calculated Total Contributions

(rounded)

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Diabetes Research Institute Foundation IRS Form 990 59-1361955
Diabetes Research Institute Foundation Consolidated Audited Financial Statements Multiple
Entity: Diabetes Research Institute Foundation
Document Type: IRS Form 990
Tax ID: 59-1361955
Entity: Diabetes Research Institute Foundation
Document Type: Consolidated Audited Financial Statements
Tax ID: Multiple

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?
 
Diabetes Research Institute Foundation
meets governance benchmarks.
 
Diabetes Research Institute 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
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-In Policy  

  Name Title Compensation
1 Joshua Rednik President/CEO $360,840
2 Barbara Tavrow Senior VP $254,983
3 Deborah L. Chodrow COO $247,413
1
Name: Joshua Rednik
Title: President/CEO
Compensation: $360,840
2
Name: Barbara Tavrow
Title: Senior VP
Compensation: $254,983
3
Name: Deborah L. Chodrow
Title: COO
Compensation: $247,413

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 Diabetes Research Institute Foundation consolidated audit of June 30, 2016 (Note F, Grant Contracts):

"The US [Diabetes Research Institute] Foundation executed an agreement, as amended, with the State of Florida Department of Health-Children's Medical Services ('CMS'). Under this agreement, CMS is to reimburse the US [Diabetes Research Institute] Foundation up to approximately $740,000 for costs incurred from July 1, 2015 through June 30, 2018. During the first year of the contract, the Foundation will be paid a reimbursement of approximately $78,000 per quarter. CMS reimbursed the US [Diabetes Research Institute] Foundation a total of approximately $305,000 during the current year [fiscal 2016]..."

"On July 8, 2016 the US [Diabetes Research Institute] Foundation amended the three year agreement with CMS. Under this amendment, CMS is to reimburse the US [Diabetes Research Institute] Foundation up to approximately $1,062,000 for costs incurred from July 1, 2015 through June 30, 2018. During the second year of the contract, the Foundation will be paid a reimbursement of approximately $134,000 per quarter."

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