National Breast Cancer Coalition Fund

According to the National Breast Cancer Coalition Fund (NBCC) audit of December 31, 2020 (Note 2, Related Party Transactions):

"NBCC shares staff and board members with the National Breast Cancer Coalition (the Coalition), a nonprofit organization exempt under Internal Revenue Code Section 501(c)(4). NBCC is reimbursed by the Coalition for certain personnel, office expenses, and combined bills. NBCC incurred approximately $181,000 of reimbursable expenses paid on behalf of the Coalition during 2020. NBCC made a grant of $225,000 to the Coalition for the year ended December 31, 2020. The grant to the Coalition was used for direct lobbying expenses. The grant was made in accordance with NBCC's 501(h) election for the year."

[Note: The National Breast Cancer Coalition (the Coalition), a 501(c)(4) social welfare organization, is not included in CharityWatch's rating of the National Breast Cancer Coalition Fund, a 501(c)(3) public charity. The Coalition is not rated separately by CharityWatch at this time given its small size, with contributions of $276,515 in 2020, including the above-noted $225,000 grant from the National Breast Cancer Coalition Fund, according to the Coalition's 2020 IRS Form 990 tax filing.]

According to the National Breast Cancer Coalition Fund (NBCC) audit of December 31, 2020 (Note 1 re: In-Kind Contributions), NBCC received donated in-kind legal fees and other services in 2020 on which it placed a value of approximately $63,000.

[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 National Breast Cancer Coalition Fund audit of December 31, 2020 (Note 11, Concentrations):  "...For the year ended December 31, 2020, approximately 41% of total revenue was received from two donors."

According to the National Breast Cancer Coalition Fund (NBCC) audit of December 31, 2020 (Note 13, Small Business Administration (SBA) Loan):

"During 2020, the Small Business Administration (SBA) waived repayment of NBCC's first SBA loan under the Paycheck Protection Program (PPP) in the amount of approximately $221,000. As such, the amount is included in grants and contributions on the [audited] statement of activities as of December 31, 2020. In addition, subsequent to year end NBCC has received a second Small Business Administration (SBA) loan under the Paycheck Protection Program (PPP) in the amount of approximately $248,000. The PPP provides cash-flow assistance through 100% federally guaranteed loans to eligible recipients to maintain payroll during the COVID-19 public health emergency and cover certain other expenses. If NBCC maintains its workforce and meets certain requirements, up to 100% of the loan may be forgiven by the SBA. No more than 40% of the forgiven amount may be for non-payroll costs. Loans under the PPP have an interest rate of 1% and a five-year maturity date, if not forgiven."

According to the National Breast Cancer Coalition Fund audit of December 31, 2020 (Note 9, Contingencies):

"The spread of COVID-19 (coronavirus disease) has had a disruptive impact on the daily life and operations of individuals, businesses, and companies around the world. There is uncertainty about financial and economic impacts in all sectors of the economy. The financial markets have experienced significant volatility, and this may continue for an extended period of time. In light of these circumstances, management continues to assess how best to adapt to changed circumstances."