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Top Rated

Parkinson's Foundation

CharityWatch report issued
April 2021

Top-Rated Charity
A
CharityWatch Grade
Our independent grade based
on a number of factors.
 
81%
Program Percentage
Amount spent on programs
relative to overhead.
 
$13
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Parkinson's Foundation
200 SE 1st Street
Suite 800
Miami, FL 33131

Other Names

National Parkinson Foundation—(formerly)
Parkinson's Disease Foundation—(formerly)

Tax Status

501(c)3

Stated Mission

Makes life better for people with Parkinson's disease by improving care and advancing research toward a cure; builds on the energy, experience, and passion of our global Parkinson's community.

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Data based on Fiscal Year Ended 06/30/2020

Program Percentage: 81%

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

$38,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $13

How many dollars Parkinson's Foundation spends on fundraising to raise each $100 of contributions.

$40,000,000

Calculated Total Contributions

(rounded)

Joint Costs

Parkinson's Foundation's rating was adjusted for Joint Costs. If you are a donor who considers direct mail, telemarketing, and other Joint Cost solicitations to be true charitable programs, the below efficiency ratios, which were not adjusted for joint costs, may better reflect your goals.

Program % Cost to Raise $100
84% $11
Accounting rules allow charities to report some telemarketing, direct mail, and other solicitation costs as Program expenses. CharityWatch believes that most donors do not consider a charity's solicitation activities to be the Programs they are intending to support with their donations. We therefore adjust such expenses out of a charity's reported Program expense and add it to Fundraising expense prior to calculating its rating.

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Parkinson's Foundation IRS Form 990 13-1866796
Parkinson's Foundation Audited Financial Statements 13-1866796
Entity: Parkinson's Foundation
Document Type: IRS Form 990
Tax ID: 13-1866796
Entity: Parkinson's Foundation
Document Type: Audited Financial Statements
Tax ID: 13-1866796

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?
 
Parkinson's Foundation
meets governance benchmarks.
 
Parkinson's 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-Out Policy  

  Name Title Compensation
1 John L. Lehr President/CEO $441,391
2 Veronica Todaro Senior VP/COO $265,121
3 Sean Kramer Senior VP/Chief Development Officer $262,157
1
Name: John L. Lehr
Title: President/CEO
Compensation: $441,391
2
Name: Veronica Todaro
Title: Senior VP/COO
Compensation: $265,121
3
Name: Sean Kramer
Title: Senior VP/Chief Development Officer
Compensation: $262,157

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 Parkinson's Foundation tax filing for the fiscal year ending June 30, 2020, the Foundation reports receiving donated services and use of facilities in fiscal 2020 on which it placed a total value of $888,553 (IRS Form 990, Schedule D, Part XI).

[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 Parkinson's Foundation audit of June 30, 2020 (Note 9, Paycheck Protection Program Loan):

"On April 21, 2020, the Foundation executed a loan for $2,164,400 under the Paycheck Protection Program authorized by the Coronavirus Aid, Relief, and Economic Security Act... The loan bears interest at 1%. Six months after the effective date, principal payments are due in equal amounts over an eighteen-month period. The loan matures on April 22, 2022. Under the Paycheck Protection Program, loan funds are eligible for forgiveness to the extent that they are used to cover certain payroll, rent and utility costs and if the Foundation retains employees during a specified period of time."

According to the Parkinson's Foundation audit of June 30, 2020 (Note 15, Coronavirus):

"Since January 2020, the coronavirus (COVID-19) outbreak has caused substantial disruption in international and U.S. economies and markets. The coronavirus and fear of further spread of the coronavirus has caused quarantines, cancellation of events, and overall reduction in business and economic activity. On March 11, 2020, the World Health Organization designated the coronavirus outbreak a pandemic. Management and the Board of Directors are evaluating the potential adverse effect this will have on their financial position, operations and cash flows. The full impact of COVID-19 is unknown and cannot be reasonably estimated as of the date these financial statements were available to be issued [October 9, 2020]."

According to the Parkinson's Foundation audit of June 30, 2020 (Note 10, Acquisitions):

"During the year ended June 30, 2019, the Foundation combined with two entities, PD Gladiators, Inc. and the Parkinson's Association of Western New York. The Foundation did not pay any consideration in this transaction. Instead, it received cash and other assets and assumed certain operating obligations. There were no acquisitions during the year ended June 30, 2020. The net of any assets and liabilities received during the year ended June 30, 2019 is summarized below [at a "Contribution received in acquisitions" amount of $193,336]..."


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