Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $15,441,313

• 1c · Fundraising events

  $13,665,774

• 1e · Government grants (contributions)

  $539,610,554

• 1f · All other contributions, gifts and grants

  $763,228,207

• 1g · Noncash contributions included above

  $14,060,237

• 2a · Program service revenue: BIOMEDICAL PRODUCTS/SR

  total $2,158,875,658 · related or exempt $2,158,875,658

• 2b · Program service revenue: OTHER PRODUCTS/SRVCS

  total $167,871,810 · related or exempt $167,871,810

• 3 · Investment income

  total $71,872,112 · unrelated business -$853,680 · excluded $72,725,792

• 6a · Gross rents

  real property $25,783,421

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $25,783,421

• 6d · Net rental income or loss

  total $25,783,421 · excluded $25,783,421

• 7a · Gross sales of assets other than inventory

  securities $584,665,991 · other assets $14,801,238

• 7b · Less cost or other basis and sales expenses

  securities $584,679,398 · other assets $7,503,745

• 7c · Gain or loss

  securities -$13,407 · other assets $7,297,493

• 7d · Net gain or loss

  total $7,284,086 · excluded $7,284,086

• 8a · Fundraising events: gross income

  $3,554,568

• 8a · Fundraising events: contributions included on line 1c

  $13,665,774

• 8b · Fundraising events: direct expenses

  $3,994,416

• 8c · Net income from fundraising events

  total -$439,848 · excluded -$439,848

• 11a · Other revenue: OTHER MISC. REVENUE

  total $41,184,257 · related or exempt $33,357,257 · unrelated business $7,827,000

• 11e · Other revenue, total

  $41,184,257

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $597,241,647 · program services $597,241,647

• 3 · Grants to foreign organizations and individuals

  total $61,439,558 · program services $61,439,558

• 5 · Compensation of officers, directors and key employees

  total $6,873,699 · program services $1,364,645 · management and general $4,966,456 · fundraising $542,598

• 7 · Other salaries and wages

  total $1,258,437,042 · program services $1,111,613,051 · management and general $53,757,339 · fundraising $93,066,652

• 8 · Pension plan contributions

  total $75,027,419 · program services $66,027,510 · management and general $3,450,492 · fundraising $5,549,417

• 9 · Other employee benefits

  total $177,484,769 · program services $156,194,595 · management and general $8,162,480 · fundraising $13,127,694

• 10 · Payroll taxes

  total $93,595,106 · program services $82,367,912 · management and general $4,304,415 · fundraising $6,922,779

• 11b · Fees: legal

  total $7,687,353 · program services $1,969,914 · management and general $5,488,668 · fundraising $228,771

• 11c · Fees: accounting

  total $2,376,686 · program services $1,758,831 · management and general $520,546 · fundraising $97,309

• 11d · Fees: lobbying

  total $160,297 · program services $108,543 · management and general $6,759 · fundraising $44,995

• 11e · Fees: professional fundraising services

  total $644,002 · fundraising $644,002

• 11g · Fees: other

  total $269,422,451 · program services $201,798,654 · management and general $17,229,517 · fundraising $50,394,280

• 12 · Advertising and promotion

  total $18,590,363 · program services $17,689,502 · management and general $211,702 · fundraising $689,159

• 13 · Office expenses

  total $114,023,064 · program services $111,057,799 · management and general $1,779,608 · fundraising $1,185,657

• 14 · Information technology

  total $55,398,220 · program services $45,094,210 · management and general $8,007,577 · fundraising $2,296,433

• 16 · Occupancy

  total $74,894,306 · program services $65,034,640 · management and general $6,015,036 · fundraising $3,844,630

• 17 · Travel

  total $69,014,412 · program services $64,963,411 · management and general $1,472,326 · fundraising $2,578,675

• 19 · Conferences, conventions and meetings

  total $6,579,238 · program services $5,178,550 · management and general $300,129 · fundraising $1,100,559

• 20 · Interest

  total $20,167,935 · program services $18,616,252 · management and general $558,028 · fundraising $993,655

• 22 · Depreciation, depletion and amortization

  total $69,522,100 · program services $64,562,904 · management and general $806,966 · fundraising $4,152,230

• 23 · Insurance

  total $43,785,320 · program services $39,924,569 · management and general $1,484,350 · fundraising $2,376,401

• 24a · Other expenses: BIOMED SUP/BLOOD TESTS

  total $478,420,042 · program services $478,420,042

• 24b · Other expenses: OTHER PROGRAM SUPPLIES

  total $26,083,874 · program services $24,190,391 · management and general $584,534 · fundraising $1,308,949

• 24c · Other expenses: OTHER ASSISTANCE

  total $3,620,221 · program services $2,572,729 · management and general $578,864 · fundraising $468,628

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $61,909,246 · end of year $174,015,916

• 2 · Savings and temporary cash investments

  beginning of year $764,277,980 · end of year $795,948,554

• 3 · Pledges and grants receivable

  beginning of year $52,502,795 · end of year $65,080,997

• 4 · Accounts receivable

  beginning of year $253,440,731 · end of year $388,066,116

• 8 · Inventories for sale or use

  beginning of year $61,511,308 · end of year $58,396,963

• 9 · Prepaid expenses and deferred charges

  beginning of year $423,289,360 · end of year $394,007,696

• 10a · Land, buildings and equipment: cost or other basis

  $1,839,030,842

• 10b · Land, buildings and equipment: accumulated depreciation

  $1,031,904,200

• 10c · Land, buildings and equipment, net

  beginning of year $727,358,888 · end of year $807,126,642

• 11 · Investments: publicly traded securities

  beginning of year $989,702,660 · end of year $1,149,522,540

• 12 · Investments: other securities

  beginning of year $568,395,000 · end of year $583,199,000

• 15 · Other assets

  beginning of year $125,933,165 · end of year $149,779,305

• 17 · Accounts payable and accrued expenses

  beginning of year $317,597,402 · end of year $438,159,876

• 24 · Unsecured notes and loans payable

  beginning of year $512,708,726 · end of year $531,173,609

• 25 · Other liabilities

  beginning of year $178,020,074 · end of year $173,226,403

• 27 · Net assets without donor restrictions

  beginning of year $1,370,457,094 · end of year $1,718,747,661

• 28 · Net assets with donor restrictions

  beginning of year $1,649,537,837 · end of year $1,703,836,180

The filer's explanations (Part III)

PART I, LINE 7

THE AMOUNTS SHOWN IN PART II, COLUMN B (II) FOR THE PRESIDENT & CEO, WERE PAID BASED ON A WRITTEN VARIABLE INCENTIVE PLAN, PRIOR FISCAL YEAR PERFORMANCE AND INCLUDES A CAREER RECOGNITION AWARD AND WERE APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD. THE AMOUNTS SHOWN IN PART II, COLUMN B (II) FOR THE CHIEF OPERATING OFFICER, THE PRESIDENT BIOMEDICAL SERVICES, THE CHIEF INVESTMENT OFFICER, THE CHIEF DEVELOPMENT OFFICER, THE CHIEF HUMAN RESOURCES OFFICER, THE CHIEF FINANCIAL OFFICER AND THE PRESIDENT HUMANITARIAN SERVICES WERE PAID BASED ON WRITTEN VARIABLE INCENTIVE PLANS, PRIOR FISCAL YEAR PERFORMANCE AND WERE APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD. ALL VARIABLE INCENTIVE PLAN PAYOUTS WERE REVIEWED BY AN OUTSIDE INDEPENDENT COMPENSATION CONSULTANT AND WERE DOCUMENTED IN THE MINUTES OF THE COMMITTEE, ALL IN ACCORDANCE WITH THE REQUIREMENTS FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER IRC SECTION 4958. THE AMOUNT SHOWN IN PART II, COLUMN B(II) FOR THE CHIEF TRANSFORMATION OFFICER, THE CHIEF MARKETING/COMMUNICATIONS OFFICER, AND THE CORPORATE SECRETARY & CHIEF OF STAFF WERE PAID BASED ON A WRITTEN VARIABLE INCENTIVE PLAN, PRIOR FISCAL YEAR PERFORMANCE AND WERE APPROVED BY THE PRESIDENT & CEO. THE AMOUNT SHOWN IN PART II, COLUMN B(II) FOR THE SVP DONOR SERVICES WAS BASED ON A WRITTEN INCENTIVE PLAN, PRIOR FISCAL YEAR PERFORMANCE AND WAS APPROVED BY THE PRESIDENT BIOMEDICAL SERVICES. THE AMOUNT SHOWN IN PART II, COLUMN B (II) FOR THE PRESIDENT, TRAINING SERVICES WAS PAID BASED ON A WRITTEN INCENTIVE PLAN, PRIOR FISCAL YEAR PERFORMANCE AND WAS APPROVED BY THE CHIEF OPERATING OFFICER. THE AMOUNTS SHOWN IN PART II, COLUMN B (II) FOR THE GENERAL COUNSEL (DAWN CLARKE-DOCCUVI) WHO SERVED AS THE INTERIM GENERAL COUNSEL FROM JULY 8, 2023 UNTIL HER APPOINTMENT AS GENERAL COUNSEL IN DECEMBER 2023 WERE AN INTERIM BONUS APPROVED BY THE COMPENSATION COMMITTEE. THE AMOUNT SHOWN IN PART II, COLUMN B(II) FOR THE SVP PRODUCT MANAGEMENT & PLATFORM DEVELOPMENT WAS BASED ON A WRITTEN INCENTIVE PLAN, PRIOR FISCAL YEAR PERFORMANCE AND WAS APPROVED BY THE PRESIDENT TRAINING SERVICES.

PART I, LINE 8

THE AMERICAN RED CROSS HAS ONE (1) EMPLOYEE LISTED ON PART VII WHO IS COVERED BY REG. SECTION 53.4958-4 (A)(3), THE PRESIDENT & CEO. THE ORIGINAL BASE SALARY AMOUNT PAID TO THE PRESIDENT & CEO IS COVERED BY THIS PROVISION AND ANY SUBSEQUENT ANNUAL INCREASES OR OTHER SALARY PAYMENTS ARE DETERMINED BY THE BOARD OF GOVERNORS FOLLOWING A REVIEW BY THE COMPENSATION COMMITTEE OF THE BOARD, AND WERE BASED ON COMPARABLE MARKET DATA AND SUPPORTED BY THE OPINION OF AN OUTSIDE INDEPENDENT COMPENSATION CONSULTANT AND WERE DOCUMENTED IN THE MINUTES OF THE COMMITTEE, ALL IN ACCORDANCE WITH THE REQUIREMENTS FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER IRC SECTION 4958.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• POOLED INCOME FUND (2)

  T · SPLIT INTR AG · DC

• CHARITABLE REMAINDER TRUST (17)

  T · SPLIT INTR AG · DC

• PERPETUAL TRUST (52)

  T · SPLIT INTR AG · DC