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Top Rated

MiracleFeet

CharityWatch report issued
October 2022

Top-Rated Charity
A-
CharityWatch Grade
Our independent grade based
on a number of factors.
 
80%
Program Percentage
Amount spent on programs
relative to overhead.
 
$19
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

MiracleFeet
107 Conner Drive
Suite 230
Chapel Hill, NC 27514

Other Names

None

Tax Status

501(c)3

Stated Mission

Provides technical, organizational, and financial support to enable local partners to effectively treat children born with clubfoot, preventing a lifetime of disability.

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Data based on Fiscal Year Ended 06/30/2021

Program Percentage: 80%

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

$5,900,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $19

How many dollars MiracleFeet spends on fundraising to raise each $100 of contributions.

$3,700,000

Calculated Total Contributions

(rounded)

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
MiracleFeet IRS Form 990 27-3764203
MiracleFeet & MiracleFeet UK Audited Consolidated Financial Statements multiple
Entity: MiracleFeet
Document Type: IRS Form 990
Tax ID: 27-3764203
Entity: MiracleFeet & MiracleFeet UK
Document Type: Audited Consolidated 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?
 
MiracleFeet
meets governance benchmarks.
 
MiracleFeet
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 No Sharing  

  Name Title Compensation
1 Chesca Colloredo-Mansfeld CEO $173,878
2 Amanda Springer Director of Program Solutions $111,635
3 Meredith Droscoll Director of Finance & Operations $107,373
1
Name: Chesca Colloredo-Mansfeld
Title: CEO
Compensation: $173,878
2
Name: Amanda Springer
Title: Director of Program Solutions
Compensation: $111,635
3
Name: Meredith Droscoll
Title: Director of Finance & Operations
Compensation: $107,373

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.

CharityWatch's rating of MiracleFeet also includes the financial activities of MiracleFeet UK, which are consolidated in the MiracleFeet audited financial statements for the fiscal year ended June 30, 2021. MiracleFeet UK is a charitable organization incorporated in the United Kingdom; "MiracleFeet exercises significant influence and control over MiracleFeet UK," according to Note 1 of the MiracleFeet fiscal 2021 consolidated audit.  All intercompany transactions have been eliminated in the audit consolidation.

According to the MiracleFeet consolidated audit of June 30, 2021 (Note 7, In-Kind Contributions), MiracleFeet received in-kind contributed goods and services in fiscal 2021 on which it placed a total value of $130,416.

[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 MiracleFeet consolidated audit of June 30, 2021 (Note 5, PPP Loans):

"On April 21, 2020, MiracleFeet entered into a two-year promissory note agreement in the amount of $214,585 with a 1% fixed interest rate under the Paycheck Protection Program (PPP). Under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the promissory note may be forgiven by the Small Business Administration in whole or in part if the proceeds are used for covered expenses and certain other requirements related to wage rates and maintenance of full-time equivalents are met.

"MiracleFeet applied for forgiveness on March 24, 2021, and received forgiveness of $214,585 in principal and $1,969 in interest from the Small Business Administration on April 15, 2021. The amount of loan forgiveness is included in Government grants in the accompanying [audited] Consolidated Statement of Activities and Change in Net Assets.

"On March 30, 2021, MiracleFeet entered into a five-year promissory note agreement in the amount of $289,582 with a 1% fixed interest rate under the Paycheck Protection Program (PPP). The promissory note calls for monthly principal and interest payments amortized over the term of the promissory note, unless otherwise forgiven. Under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the promissory note may be forgiven by the Small Business Administration in whole or in part. MiracleFeet intends to apply for forgiveness after completing the 24 week period.

"If forgiveness is granted, MiracleFeet will record Government grant revenue during the period that forgiveness was approved. Management expects forgiveness to be granted prior to June 30, 2022, accordingly, the loan liability has been presented as a current liability in the accompanying [audited] Consolidated Statement of Financial Position."

According to the MiracleFeet consolidated audit of June 30, 2021 (Note 1 re: Risks and uncertainties):

"On March 11, 2020, the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) a global pandemic. As a result of the spread of COVID-19, economic uncertainties have arisen. Potential negative financial or operational impacts from COVID-19 are unknown at this time."


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