Crohn'S & Colitis Foundation of America Inc

“The form 990 was prepared by a national accounting firm in conjunction with the organization's finance department. A copy of the draft form 990 was circulated and reviewed with the audit committee for discussion and comment. A copy of the 990 is distributed to all board of trustees prior to filing.”

“All officers, directors, trustees, and key employees of the crohn's & colitis foundation are required to annually disclose any conflicts of interest that arise by virtue of employment, board service, or position with the foundation. The foundation monitors compliance with its conflict of interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately.”

“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 foundation makes its form 990 available to the public by retaining a copy at its place of business and on its website at www.crohnscolitisfoundation.org. The organization's financial statements are posted on its website. Governing documents and conflict of interest policy will be provided upon request at management's discretion.”

“The crohn's & colitis foundation ("the foundation") has utilized the services of car program, inc., an organization that receives donated vehicles, sells them and remits the net proceeds to several charitable organizations. The vehicles are not donated directly to the foundation nor does the foundation have ownership rights to them. In 2024, the foundation received $19,788 in revenues from this program. Additionally, the foundation receives considerable in-kind contributions in the form of donated public service announcements on television and radio statements and services received from physicians and health professionals that have made significant contributions of their time in furtherance of the foundation's mission. The fair value of such in-kind contributions is reflected in the statement of activities as contributed services and airtime revenue and health professional education and public information program service expense. Since donated services are not reported on the form 990, the foundation has not reported the contributed services and airtime on schedule m or part viii, line 1(g). For the year ending december 31, 2024, contributed services and airtime amounted to $7,180,862.”

“The foundation is amending this form 990 to reflect the accurate allocation of functional expenses in form 990, part ix, that aligns with its audited financial statements. The adjustment to expenses in part ix require a modification in the programmatic expenditures reported in form 990, part iii as well. These represent the only modifications to the originally filed form 990. Form 990, part i, line 1, description of organization mission: our goal is to improve the quality of life of children and adults affected by these diseases. The foundation sponsors basic and clinical research of the highest quality. We also offer a wide range of educational programs for patients and healthcare professionals, while providing supportive services to help people cope with these chronic intestinal diseases. These programs are supported solely through our donors, grants, fundraising efforts, and sponsors.”

“Changes in gift annuities 27,663. Refunded/rescinded grants 1,009,511. Uncollectible pledges -658,713.”