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Nonprofiteer
← DIRECT RELIEF FOUNDATION

Form 990 for tax year 2022

Filed by DIRECT RELIEF FOUNDATION.

Totals

Total revenue
$10,659,199
Total expenses
$3,434,711
Contributions and grants received
$7,300,442
Grants paid
$3,032,326
Program service revenue
$0
Investment income
$3,358,757
Other revenue
$0
Total assets, end of year
$77,176,320
Total liabilities, end of year
$5,129,914
Net assets or fund balances, end of year
$72,046,406
Program services expenses (Part IX)
$3,032,326
Management and general expenses
$402,385
Fundraising expenses
$0
Program service expenses (Part III)
$3,032,326

Program services were 88.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $7,118,809

  • 1f · All other contributions, gifts and grants

    $181,633

  • 1g · Noncash contributions included above

    $9,865

  • 3 · Investment income

    total $1,852,162 · unrelated business $3,674 · excluded $1,848,488

  • 7a · Gross sales of assets other than inventory

    securities $6,186,865

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

    securities $4,680,270

  • 7c · Gain or loss

    securities $1,506,595

  • 7d · Net gain or loss

    total $1,506,595 · excluded $1,506,595

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,032,326 · program services $3,032,326

  • 11c · Fees: accounting

    total $29,931 · management and general $29,931

  • 11f · Fees: investment management

    total $372,454 · management and general $372,454

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $162,444 · end of year $5

  • 2 · Savings and temporary cash investments

    beginning of year $1,449,001 · end of year $278,727

  • 3 · Pledges and grants receivable

    beginning of year $5,752,117 · end of year $3,606,196

  • 11 · Investments: publicly traded securities

    beginning of year $10,898,379 · end of year $13,020,893

  • 12 · Investments: other securities

    beginning of year $54,923,701 · end of year $60,270,499

  • 25 · Other liabilities

    beginning of year $9,552,446 · end of year $5,129,914

  • 27 · Net assets without donor restrictions

    beginning of year $58,702,140 · end of year $68,976,027

  • 28 · Net assets with donor restrictions

    beginning of year $4,931,056 · end of year $3,070,379

Mission and programs · 2022

Mission

THE FOUNDATION IS ORGANIZED TO OPERATE SOLELY AND EXCLUSIVELY FOR THE BENEFIT OF, TO SUPPORT, OR TO CARRY OUT THE PURPOSES OF DIRECT RELIEF.

Activities or mission (Part I)

TO OPERATE SOLELY AND EXCLUSIVELY FOR THE BENEFIT OF DIRECT RELIEF.

  • THE DIRECT RELIEF FOUNDATION WAS FORMED AS A SUPPORTING ORGANIZATION OF DIRECT RELIEF AND IS ORGANIZED TO OPERATE SOLELY AND EXCLUSIVELY TO SUPPORT, BENEFIT, OR CARRY OUT THE PURPOSES OF DIRECT RELIEF. THE FOUNDATION MAINTAINS CUSTODY OF THE BOARD RESTRICTED INVESTMENT FUND (BRIF), WHICH IS A BOARD DESIGNATED ENDOWMENT. THE PURPOSE OF THE BRIF IS TO PROVIDE A RESERVE FOR CURRENT AND FUTURE OPERATIONS OF DIRECT RELIEF. THE BRIF ALSO PROVIDES FUNDING TO PAY FOR ALL OF DIRECT RELIEF'S FUNDRAISING EXPENSES AND SOME MANAGEMENT AND GENERAL EXPENSES. FOR THE YEAR ENDED JUNE 30, 2023, THE DIRECT RELIEF FOUNDATION TRUSTEES APPROVED FOR THE BRIF TO PROVIDE FUNDS TO DIRECT RELIEF TO COVER ALL OF ITS FUNDRAISING EXPENSES AS WELL AS 100% OF THE COMPENSATION OF DIRECT RELIEF'S CEO.

    Expenses $3,032,326 · Grants $3,032,326

As filed on the 2022 return.

Listed in Part VII

  • Mark Linehan

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 10 related
  • Byron Scott MD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Thomas Sturgess

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Siri Marshall

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Annalisa Pizzarello

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Harry McMahon

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • James Selbert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Pamela Gann

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Evan Marwell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Elizabeth Toro MD MPH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Mary Dwyer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • James McGonigle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Stayce D Harris

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Tim Wertner Through 052023

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Marla Salmon Scd RN Faan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Jamie Ruffing PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Thomas E Tighe

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $652,610
    From this org
    $0
    From related orgs
    $605,893
    Other
    $46,717
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $605,893 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,500 related
    Nontaxable benefits
    $0 + $32,217 related
    Filer's total
    $0 + $652,610 related
  • Dawn Long

    SENIOR VP, COO

    Total calculated
    $402,763
    From this org
    $0
    From related orgs
    $378,770
    Other
    $23,993
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $378,770 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,500 related
    Nontaxable benefits
    $0 + $9,493 related
    Filer's total
    $0 + $402,763 related
  • Jonathan Steiner

    VP OF FINANCE, CFO

    Total calculated
    $329,360
    From this org
    $0
    From related orgs
    $306,062
    Other
    $23,298
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $306,062 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,500 related
    Nontaxable benefits
    $0 + $8,798 related
    Filer's total
    $0 + $329,360 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
DIRECT RELIEF FOUNDATION DOES NOT HAVE ANY PAID EMPLOYEES, AND, THEREFORE, DOES NOT HAVE A REQUIREMENT TO HAVE A COMPENSATION POLICY. THE CEO, COO & CFO ARE OFFICERS, BUT ARE NOT COMPENSATED BY DIRECT RELIEF FOUNDATION. THEY ARE COMPENSATED BY DIRECT RELIEF, A RELATED ORGANIZATION, WHICH HAS IN PLACE A COMPENSATION POLICY THAT INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, ANALYSIS OF COMPARABILITY DATA, AND DOCUMENTATION OF THE DECISION-MAKING PROCESS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • DIRECT RELIEF

    501(C)(3) · PROVIDES MEDICINES, EQUIPMENT AND SUPPLIES TO UNDERSERVED POPULATIONS · CA

  • DIRECT RELIEF INTERNATIONAL SOUTH AFRICA

    COORDINATION OF MEDICAL SUPPORT TO AFRICAN DOCTORS AND MEDICAL CLINICS · SF

    Directly controlled by DIRECT RELIEF

  • DIRECT RELIEF MEXICO

    COORDINATION OF MEDICAL SUPPORT TO MEXICAN DOCTORS AND MEDICAL CLINICS · MX

    Directly controlled by DIRECT RELIEF

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202431319349305403

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