Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $1,254,587

• 1c · Fundraising events

  $25,425,654

• 1e · Government grants (contributions)

  $473,436

• 1f · All other contributions, gifts and grants

  $41,554,091

• 1g · Noncash contributions included above

  $604,919

• 2a · Program service revenue: IBD PLEXUS DATABASE AC

  total $10,922,396 · related or exempt $10,922,396

• 2b · Program service revenue: PCORI RESEARCH STUDY

  total $269,515 · related or exempt $269,515

• 2c · Program service revenue: EDUCATION & CAMP REGIS

  total $225,515 · related or exempt $225,515

• 3 · Investment income

  total $475,561 · excluded $475,561

• 5 · Royalties

  total $597,854 · excluded $597,854

• 7a · Gross sales of assets other than inventory

  securities $9,223,245

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

  securities $8,969,546

• 7c · Gain or loss

  securities $253,699

• 7d · Net gain or loss

  total $253,699 · excluded $253,699

• 8a · Fundraising events: gross income

  $6,047,358

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

  $25,425,654

• 8b · Fundraising events: direct expenses

  $6,424,164

• 8c · Net income from fundraising events

  total -$376,806 · excluded -$376,806

• 9a · Gaming: gross income

  $645,938

• 9b · Gaming: direct expenses

  $269,132

• 9c · Net income from gaming

  total $376,806 · excluded $376,806

• 11a · Other revenue: IBD JOURNAL STIPENDS

  total $242,704 · excluded $242,704

• 11b · Other revenue: REBATES/REFUNDS

  total $42,089 · excluded $42,089

• 11c · Other revenue: VEHICLE DONATION PRGM

  total $27,688 · excluded $27,688

• 11d · All other revenue

  total $459 · excluded $459

• 11e · Other revenue, total

  $312,940

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $20,365,558 · program services $20,365,558

• 3 · Grants to foreign organizations and individuals

  total $3,329,085 · program services $3,329,085

• 5 · Compensation of officers, directors and key employees

  total $3,106,969 · program services $2,222,538 · management and general $573,685 · fundraising $310,746

• 7 · Other salaries and wages

  total $28,186,811 · program services $20,163,148 · management and general $5,204,538 · fundraising $2,819,125

• 8 · Pension plan contributions

  total $1,081,039 · program services $773,310 · management and general $199,608 · fundraising $108,121

• 9 · Other employee benefits

  total $5,074,530 · program services $3,630,013 · management and general $936,984 · fundraising $507,533

• 10 · Payroll taxes

  total $3,942,809 · program services $2,820,448 · management and general $728,018 · fundraising $394,343

• 11b · Fees: legal

  total $24,760 · management and general $24,760

• 11c · Fees: accounting

  total $172,249 · management and general $172,249

• 11d · Fees: lobbying

  total $118,336 · program services $118,336

• 11e · Fees: professional fundraising services

  total $651,257 · fundraising $651,257

• 11g · Fees: other

  total $8,151,114 · program services $7,658,697 · management and general $151,443 · fundraising $340,974

• 12 · Advertising and promotion

  total $753,875 · program services $474,833 · management and general $181,000 · fundraising $98,042

• 13 · Office expenses

  total $603,236 · program services $385,428 · management and general $141,281 · fundraising $76,527

• 14 · Information technology

  total $2,254,362 · program services $1,375,431 · management and general $872,330 · fundraising $6,601

• 16 · Occupancy

  total $1,982,346 · program services $1,250,301 · management and general $474,840 · fundraising $257,205

• 17 · Travel

  total $1,175,791 · program services $800,559 · management and general $243,394 · fundraising $131,838

• 19 · Conferences, conventions and meetings

  total $366,482 · program services $360,059 · management and general $4,166 · fundraising $2,257

• 20 · Interest

  total $380,104 · management and general $380,104

• 22 · Depreciation, depletion and amortization

  total $982,438 · program services $618,936 · management and general $235,785 · fundraising $127,717

• 23 · Insurance

  total $401,780 · management and general $401,780

• 24a · Other expenses: PUBLICATIONS

  total $717,893 · program services $453,548 · management and general $171,467 · fundraising $92,878

• 24b · Other expenses: TELEPHONE/COMMUNICATION

  total $602,357 · program services $392,612 · management and general $136,051 · fundraising $73,694

• 24c · Other expenses: LOBBYING EXPENSES

  total $446,760 · program services $446,760

• 24d · Other expenses: POSTAGE

  total $411,677 · program services $259,746 · management and general $98,550 · fundraising $53,381

• 24e · All other expenses

  total $1,254,361 · program services $683,296 · management and general $314,671 · fundraising $256,394

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $7,066,312 · end of year $9,517,214

• 3 · Pledges and grants receivable

  beginning of year $10,122,054 · end of year $12,397,945

• 4 · Accounts receivable

  beginning of year $4,764,141 · end of year $2,024,846

• 8 · Inventories for sale or use

  beginning of year $855,202 · end of year $328,281

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,547,420 · end of year $1,281,499

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

  $12,842,476

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

  $6,842,202

• 10c · Land, buildings and equipment, net

  beginning of year $3,645,313 · end of year $6,000,274

• 11 · Investments: publicly traded securities

  beginning of year $19,011,244 · end of year $12,848,228

• 12 · Investments: other securities

  beginning of year $541,231 · end of year $581,681

• 15 · Other assets

  beginning of year $9,888,728 · end of year $9,020,156

• 17 · Accounts payable and accrued expenses

  beginning of year $6,768,360 · end of year $5,068,454

• 18 · Grants payable

  beginning of year $31,325,222 · end of year $30,248,553

• 19 · Deferred revenue

  beginning of year $3,342,842 · end of year $1,750,389

• 23 · Secured mortgages and notes payable

  end of year $5,989,390

• 25 · Other liabilities

  beginning of year $9,942,371 · end of year $8,978,528

• 27 · Net assets without donor restrictions

  beginning of year -$3,383,860 · end of year -$6,495,911

• 28 · Net assets with donor restrictions

  beginning of year $9,446,710 · end of year $8,460,721

The filer's explanations (Part III)

PART I, LINE 3

THE CROHN'S & COLITIS FOUNDATION IS DEPENDENT ON EXPERIENCED AND QUALIFIED LEADERSHIP TO ACHIEVE ITS GOALS. FACTORS SUCH AS ANNUAL GROSS REVENUES, MISSION EXPENDITURES, GEOGRAPHIC LOCATION, TENURE, AND INDIVIDUAL PERFORMANCE HELP DETERMINE SENIOR LEADERSHIP COMPENSATION. THE PRESIDENT'S COMPENSATION IS DETERMINED ON AN ANNUAL BASIS BY THE CHAIRMAN OF THE BOARD WITH APPROVAL BY THE COMPENSATION AND BENEFITS COMMITTEE USING GUIDELINES AND COMPARABLE DATA PROVIDED IN NATIONAL COMPENSATION STUDIES OF EXECUTIVES. THE FOUNDATION HAS AN INDEPENDENT COMPENSATION CONSULTANT TO REVIEW AND VALIDATE THE COMPENSATION IT PAYS ITS EMPLOYEES. THE FOUNDATION'S PRACTICE WILL BE TO CONTINUE TO RELY ON THE MOST RECENT SURVEY AND OTHER INDUSTRY DATA COMPARING THE COMPENSATION THE FOUNDATION PAYS TO ITS EMPLOYEES WITH COMPENSATION PAID TO EMPLOYEES OF OTHER NOT FOR PROFIT ORGANIZATIONS OF SIMILAR SIZE. THE ORGANIZATION COMMISSIONED ITS LAST STUDY IN 2021.

PART I, LINE 4B

IN CALENDAR YEAR 2023, THE PRESIDENT RECEIVED A PAYOUT FROM THE 457(F) PLAN IN THE AMOUNT OF $125,000. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART (III) AND, LIKEWISE, IN COLUMN (F) TO REFLECT THAT IT WAS REPORTED AS DEFERRED COMPENSATION ON PRIOR YEAR FORM 990'S.

PART I, LINE 7

THE PRESIDENT/CEO'S BONUS AND INCENTIVE COMPENSATION IS PREDICATED OFF OF A SET OF OBJECTIVES THAT ARE DEVELOPED AND UPDATED EACH YEAR. THESE OBJECTIVES INCLUDE RAISING REVENUES, MANAGEMENT OF EXPENSES, DEVELOPMENT OF REGIONS AND RELATED PERFORMANCE, BUILDING OF INFRASTRUCTURE AND MAXIMIZATION OF MISSION EXPENDITURES. RESULTS ARE EVALUATED BY THE COMPENSATION AND BENEFITS COMMITTEE AND THE INCENTIVE IS ULTIMATELY DETERMINED BASED ON RATINGS OF PERFORMANCE OF THESE OBJECTIVES. THE FOUNDATION ACKNOWLEDGES ALL OF ITS OTHER EMPLOYEES THROUGH ANNUAL LUMP-SUM INCENTIVE AWARDS BASED ON MEETING INDIVIDUAL, DEPARTMENTAL, AND OVERALL FOUNDATION PERFORMANCE GOALS.