Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $636,132

• 1f · All other contributions, gifts and grants

  $8,335,137

• 1g · Noncash contributions included above

  $152,323

• 3 · Investment income

  total $1,679,958 · excluded $1,679,958

• 7a · Gross sales of assets other than inventory

  securities $42,888

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

  securities $44,088

• 7c · Gain or loss

  securities -$1,200

• 7d · Net gain or loss

  total -$1,200 · excluded -$1,200

• 8a · Fundraising events: gross income

  $124,295

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

  $636,132

• 8b · Fundraising events: direct expenses

  $508,203

• 8c · Net income from fundraising events

  total -$383,908 · excluded -$383,908

• 9a · Gaming: gross income

  $15,268

• 9b · Gaming: direct expenses

  $205,694

• 9c · Net income from gaming

  total -$190,426 · excluded -$190,426

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,666,350 · program services $3,666,350

• 3 · Grants to foreign organizations and individuals

  total $7,037,000 · program services $7,037,000

• 5 · Compensation of officers, directors and key employees

  total $600,357 · program services $105,034 · management and general $174,697 · fundraising $320,626

• 7 · Other salaries and wages

  total $3,566,523 · program services $612,444 · management and general $1,080,661 · fundraising $1,873,418

• 8 · Pension plan contributions

  total $115,805 · program services $25,930 · management and general $32,600 · fundraising $57,275

• 9 · Other employee benefits

  total $330,109 · program services $64,184 · management and general $60,510 · fundraising $205,415

• 10 · Payroll taxes

  total $322,243 · program services $55,811 · management and general $87,565 · fundraising $178,867

• 11b · Fees: legal

  total $60,871 · program services $2,212 · management and general $32,976 · fundraising $25,683

• 11c · Fees: accounting

  total $43,909 · management and general $43,909

• 11f · Fees: investment management

  total $326 · management and general $326

• 11g · Fees: other

  total $3,044,104 · program services $819,827 · management and general $309,540 · fundraising $1,914,737

• 12 · Advertising and promotion

  total $441,735 · fundraising $441,735

• 13 · Office expenses

  total $78,701 · program services $5,190 · management and general $53,333 · fundraising $20,178

• 14 · Information technology

  total $122,870 · program services $7,000 · management and general $71,755 · fundraising $44,115

• 16 · Occupancy

  total $296,385 · management and general $296,385

• 17 · Travel

  total $110,496 · program services $6,628 · management and general $61,813 · fundraising $42,055

• 19 · Conferences, conventions and meetings

  total $26,700 · program services $200 · management and general $26,433 · fundraising $67

• 23 · Insurance

  total $79,108 · management and general $79,108

• 24a · Other expenses: LICENSING FEES

  total $107,523 · program services $65,060 · fundraising $42,463

• 24b · Other expenses: EVENTS

  total $74,777 · fundraising $74,777

• 24c · Other expenses: DONATION PROCESSING

  total $46,274 · program services $12,000 · fundraising $34,274

• 24d · Other expenses: PROJECT ASSESSORS

  total $45,863 · program services $45,863

• 24e · All other expenses

  total $43,666 · management and general $43,636 · fundraising $30

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $82,088 · end of year $196,110

• 2 · Savings and temporary cash investments

  beginning of year $45,788,348 · end of year $31,626,767

• 3 · Pledges and grants receivable

  beginning of year $1,442,749 · end of year $441,482

• 9 · Prepaid expenses and deferred charges

  beginning of year $129,026 · end of year $127,083

• 12 · Investments: other securities

  beginning of year $0 · end of year $135,332

• 15 · Other assets

  beginning of year $1,234,399 · end of year $981,865

• 17 · Accounts payable and accrued expenses

  beginning of year $496,633 · end of year $382,987

• 18 · Grants payable

  beginning of year $17,145,455 · end of year $12,707,473

• 25 · Other liabilities

  beginning of year $1,292,447 · end of year $1,022,951

• 27 · Net assets without donor restrictions

  beginning of year $29,142,075 · end of year $19,395,228

• 28 · Net assets with donor restrictions

  beginning of year $600,000 · end of year $0

The filer's explanations (Part III)

PART I, LINE 7

COMPENSATION REPORTED IN PART VII FOR WILLIAM KEHOE, CFO, REPRESENTS W-2 WAGES AND BENEFITS AS HE BECAME AN EMPLOYEE OF THE ORGANIZATION EFFECTIVE JUNE 2024. PRIOR TO JUNE 2024, PROFESSIONAL FEES WERE PAID TO MILE13 LLC FOR AN ARRAY OF SERVICES, SUCH AS ACCOUNTING, FINANCE, STAFF ANALYSIS, AND OTHER ADMINISTRATIVE SERVICES PROVIDED BY MR. KEHOE AS CHIEF FINANCIAL OFFICER. TOTAL FEES PAID TO MILE13 LLC CONSIST OF THE FOLLOWING ITEMS: MR. KEHOE PROFESSIONAL FEES- $84,000 OTHER MILE13 STAFFING FEES- $24,000 TRAVEL & ENTERTAINMENT COSTS- $5,094 TOTAL FEES PAID TO MILE13 LLC - $113,094 TOTAL WAGES FOR MR. KEHOE (INCLUDING W-2 WAGES AND BENEFITS) - $230,804

PART I AND II:

COMIC RELIEF HAS A FORMAL PROCESS IN PLACE FOR DETERMINING THE COMPENSATION OF ALL EMPLOYEES WHOSE COMPENSATION IS OVER $100K (INCLUDING THE EXECUTIVES AND HIGHLY COMPENSATED EMPLOYEES REPORTED ON THIS FORM 990). STARTING IN 2020, THE AUDIT AND RISK COMMITTEE WAS TASKED WITH REVIEWING AND APPROVING COMPENSATION AND DOCUMENTING SUCH DECISIONS AS NECESSARY (IN COMMITTEE MINUTE MEETINGS).