Website
Ratings & Metrics
Joint Costs
Muscular Dystrophy Association'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 |
---|---|
66% | $29 |
Financial Documents
Entity | Document Type | Tax ID |
---|---|---|
Muscular Dystrophy Association | IRS Form 990 | 13-1665552 |
Muscular Dystrophy Association | Audited Financial Statements | 13-1665552 |
Entity: Muscular Dystrophy Association Document Type: IRS Form 990 Tax ID: 13-1665552 |
Entity: Muscular Dystrophy Association Document Type: Audited Financial Statements Tax ID: 13-1665552 |
Governance & Transparency
Top Salaries
Name | Title | Compensation | |
---|---|---|---|
1 | Donald Wood | President / CEO | $549,560 |
2 | Michael Kennedy | Treasurer / CFO | $393,356 |
3 | Kristine Welker | Chief of Staff | $375,766 |
1 Name: Donald Wood Title: President / CEO Compensation: $549,560 |
2 Name: Michael Kennedy Title: Treasurer / CFO Compensation: $393,356 |
3 Name: Kristine Welker Title: Chief of Staff Compensation: $375,766 |
Analysts' Notes
According to the Muscular Dystrophy Association (MDA) 2022 tax filing, MDA reports re: Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (IRS Form 990, Schedule J, Part II): MDA reports "Bonus & incentive compensation" payments to 4 individuals in 2022: (1) Michael Kennedy, Treasurer/CFO: $42,000, with reported total compensation of $393,356; (2) Donald Wood, President/CEO: $27,964, with reported total compensation of $549,560; (3) Kristine Welker, Chief of Staff: $12,000, with reported total compensation of $375,766; and (4) Brian Beirne, VP of Multi-Channel Market: $10,000, with reported total compensation of $221,166; |
According to the Muscular Dystrophy Association audit of December 31, 2022 (Note 18, Paycheck Protection Program Loan): "In response to the COVID-19 outbreak in 2020, the U.S. Federal Government enacted the Coronavirus Aid, Relief, and Economic Security Act that, among other economic stimulus measures, established the Paycheck Protection Program ("PPP") to provide small business loans. In May 2020, the Association obtained a PPP loan directly from Bank of America in the amount of $8,726,730. The note was set to mature in May 2022 and bore interest at a fixed annual rate of 1%, with the first ten months of interest deferred. On February 3, 2021, the Association received additional funding in the amount of $2,000,000 directly from Bank of America. The additional funding was set to mature in February 2023 and bore interest at a fixed annual rate of 1%. The Association believes it used all the proceeds from the note for qualifying expenses which are classified as program expenses on the accompanying statement of activities. The note is contingently forgivable if the Association meets the conditions of the PPP. In December 2021, the Association was notified by the U.S. Small Business Administration that it met requirements for the forgiveness of the PPP loan obtained in May 2020 in the amount of $8,659,377. The remaining $67,353 was not forgiven by the U.S. Small Business Administration and remains payable. During the year ended December 31, 2021, the Association recognized a gain on forgiveness of the amount of $8,659,377. The remaining balance of $67,353 was repaid in January 2022. As of December 31, 2022 and 2021, the note payable balance is $0 and $2,067,353, respectively. [On] March 23, 2022, the Association received notice from the U.S. Small Business Administration that the $2,000,000 PPP additional funding was forgiven. During the year ended December 31, 2022, the Association recognized a gain on forgiveness of the amount of $2,000,000." |