According to the CDC Foundation (CF) audit of June 30, 2023 (Note 1, Description of the Organization): "The National Foundation for the Centers for Disease Control and Prevention, Inc. (the Foundation) is a foundation that was formed by Federal law, incorporated as a Georgia non-profit organization in 1993, and began operations in 1995. The Foundation, while a separately incorporated organization, synergistically works with the Centers for Disease Control and Prevention (CDC) to forge effective partnerships by connecting people, resources, and ideas to fight threats to health and safety. The Foundation's vision to improve the health and well-being of all people by substantially enhancing the impact of the CDC and the public health system..."
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According to the CDC Foundation (CF) audit of June 30, 2023 (Note 12, Contributed Nonfinancial Assets): CF received contributed nonfinancial assets during the fiscal year-ended June 30, 2023, on which it placed a total value of $5,334,948. Of this amount, $132,000, $5,010,163, and $192,785 was attributed to "Services," "Internet advertising and public health education, and "Program supplies," respectively. [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 CDC Foundation (CF) audit of June 30, 2023 (Note 11, Grants with the CDC (Related Party Transactions)): "In addition to other funding the Foundation raises to extend CDC's work, the Foundation is also eligible to apply for and receive grants from the Federal government, including a $1,250,000 operating grant received annually from the CDC. Additionally, during the years ended June 30, 2023 and 2022, the Foundation received grant awards from CDC totaling approximately $151,100,000 and $172,800,000, primarily to fund Foundation programs aimed at responding to the COVID-19 pandemic as well as programs aimed at opioid addiction prevention. The CDC also has authority to accept gifts from the Foundation. During the years ended June 30, 2023 and 2022, the Foundation provided funding to the CDC totaling approximately $13,500,000 and $7,500,000, respectively."
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According to the CDC Foundation (CF) audit of June 30, 2023 (Note 14, Commitments and Contingencies, Payment of Project Funds): "The Foundation disburses some of its project funds as cost reimbursement grants with third party service providers. ...the disbursement of funds, and recognition of revenue by the Foundation is generally contingent upon the service provider properly expending and documenting eligible expenditures. Project disbursements for these grants are not accrued by the Foundation until these conditions are met by the service provider. Cost reimbursement grants expected to be funded by the Foundation as project costs in future years totaled approximately $30,700,000 and $100,125,000 at June 30, 2023, and 2022, respectively." |
According to the CDC Foundation (CF) audit of June 30, 2023 (Note 15, Concentrations of Credit Risk): "Throughout the year, the Foundation maintains bank deposits in excess of Federal Deposit Insurance Corporation (FDIC) coverage limits. Uninsured cash balances aggregated approximately $22,000,000 and $38,000,000 at June 30, 2023 and 2022, respectively. Management of the Foundation has evaluated and accepted the risk associated with uninsured cash balances. Contributions receivable from Federal grants awarded by the CDC represented approximately 18% and 28% of total contributions receivable at June 30, 2023 and 2022, respectively, and contributions revenue from Federal grants awarded by the CDC represented approximately 54% and 67% of total revenue for the years ended June 30, 2023 and 2022, respectively."
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According to the CDC Foundation (CF) tax filing for the fiscal year ended June 30, 2023, CF reports re: Compensation, Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (IRS Form 990, Schedule J, Part II): CF reports providing "bonus & incentive compensation" during 2022 to fourteen individuals. Judith Monroe, President & CEO, received $82,000 of bonus and incentive compensation, with a total reported compensation of $555,385. The remaining thirteen individuals received $4,500 to $12,000 with total compensation ranging from $183,026 to $349,975. |