| Entity | Document Type | Tax ID |
|---|---|---|
| National Right to Life Committee and its Interrelated Entities | Audited Consolidated Financial Statements | multiple |
|
Entity: National Right to Life Committee and its Interrelated Entities Document Type: Audited Consolidated Financial Statements Tax ID: multiple |
CharityWatch's rating of National Right to Life Committee (NRLC) Educational Trust Fund is for the 501(c)(3) public charity (tax ID #52-1241126). The rating is based on the audited consolidated financial statements of the National Right to Life Committee, Inc. and Its Interrelated Entities for the fiscal year ended April 30, 2022. CharityWatch has been unable to find a publicly available copy of the IRS Form 990 tax filing for the NRLC Educational Trust Fund for the fiscal year ended April 30, 2022, and the organization has not responded to our email request for a copy of its FYE 2022 tax filing (as of May 11, 2023). In addition, CharityWatch did not find for the NRLC Educational Trust Fund a currently active charitable organization registration on any of the state Attorney General or Secretary of State websites with online searchable databases. Without a copy of the NRLC Educational Trust Fund IRS Form 990 for the fiscal year ended April 30, 2022, as noted above, CharityWatch is unable to provide salary information for this group. CharityWatch issues a separate rating for the NRLC Educational Trust Fund's related 501(c)(4) tax-exempt, social welfare organization, National Right to Life Committee. The other NRLC interrelated organizations, which include the National Right to Life Political Action Committee, the National Right to Life Conventions, Inc., the National Right to Life Educational Foundation, Inc., and the National Right to Life Victory Fund, are not rated by CharityWatch, either due to their small size or their status as a political action committee (PAC). CharityWatch separates the ratings for 501(c)(3) & 501(c)(4) organizations, even if their financial activities are included together in a consolidated audit, due to their differing treatments under the IRS tax code. For more information on this topic, please see our sections on Types of Non-Profits, Tax Status, and Treatment of Related Organizations, which can be found on the Our Process page. For more information about things to consider when donating to organizations that have related public charity and social welfare entities, read "Sorting Out Nonprofit Pairs" in the "Articles & Alerts" section, below. |
According to the National Right to Life Committee and Its Interrelated Entities consolidated audit of April 30, 2022 (Note 11, Paycheck Protection Program Loans): "In April 2020, the Organization received a loan in the amount of $105,027 under the Paycheck Protection Program (PPP) established as part of the Coronavirus Aid, Relief and Economic Security Act (CARES Act). In February 2021, the Organization received a second PPP loan in the amount of $110,382 as part of the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act. PPP loans and accrued interest are forgivable after a covered period (eight or 24 weeks) as long as the borrower maintains its payroll levels and uses the loan proceeds for eligible purposes, primarily payroll, benefits, rent and utilities... "...The first [PPP] loan was forgiven in March 2021, and the Organization recognized contribution income related to the debt forgiveness in the full amount of $105,027 at that date. The second [PPP] loan amount of $110,382 was forgiven on December 21, 2021 and is reported as a contribution income as of April 30, 2022." |
According to the National Right to Life Committee and Its Interrelated Entities consolidated audit of April 30, 2022 (Note 15, Significant Uncertainties and Risks): "The COVID-19 pandemic, whose effects first became known in January 2020, is having a broad and negative impact on commerce and financial markets around the world. Certain sectors of U.S. and global markets have experienced significant declines from uncertainty caused by the pandemic. The Organization is closely monitoring its investment portfolio and its liquidity and is actively working to minimize the impact of these declines. The extent of the impact of the pandemic on the Organization's operational and financial performance will depend on certain developments, including the duration and spread of the outbreak and its impacts on the Organization's donors, employees and vendors, all of which, at present [September 27, 2022], cannot be determined. Accordingly, the extent to which the pandemic may impact the Organization's financial position, changes in net assets, and cash flow is uncertain, and the accompanying [audited] consolidated financial statements include no adjustments related to the effects of this pandemic. "The Organization invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported on the [audited] consolidated statements of financial position." |