Overview
What is Direct Relief Foundation?
Direct Relief Foundation serves as a supporting organization, solely dedicated to benefiting and furthering the goals of Direct Relief. Established in Santa Barbara, California, the foundation holds the Board Restricted Investment Fund (BRIF), which serves as a reserve for ongoing operations of Direct Relief. The BRIF also covers fundraising expenses and certain management and general costs for Direct Relief. In the fiscal year ending June 30, 2022, the Direct Relief Foundation Trustees allocated funds to cover Direct Relief's entire fundraising expenses and fully compensate its CEO. This foundation operates exclusively for the betterment of Direct Relief.
Is Direct Relief Foundation legitimate?
Direct Relief Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Direct Relief Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Direct Relief Foundation?
The Direct Relief Foundation is established with the sole purpose of supporting or carrying out the objectives of Direct Relief. Its mission is to operate exclusively for its benefit, with the aim of providing a reserve for the organization's current and future operations. This reserve, known as the Board Restricted Investment Fund (BRIF), also covers Direct Relief's fundraising expenses and some management and general costs. For instance, in the fiscal year ending June 30, 2022, the BRIF funded Direct Relief's entire fundraising expenses and covered 100% of the compensation for its CEO. In essence, the Direct Relief Foundation exists to bolster the work and operations of Direct Relief.
Who is the CEO of Direct Relief Foundation?
Jonathan Steiner is the Chief Executive Officer of Direct Relief Foundation. The CEO's salary of Direct Relief Foundation is $0 and their total compensation is $556,736.
What is the revenue of Direct Relief Foundation?
Direct Relief Foundation's revenue in 2022 was $10,115,405.
Who are the executives of Direct Relief Foundation and what are their salaries?
There 16 volunteers at Direct Relief Foundation.
Here are 20 key members and their salaries (Direct Relief Foundation's CEO's salary is $0 and their total compensation is $556,736):
- Compensation: $0
- Related: $501,663
- Other: $55,073
- Compensation: $0
- Related: $425,715
- Other: $28,666
- Compensation: $0
- Related: $342,260
- Other: $24,415
- Compensation: $0
- Related: $260,154
- Other: $26,617
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Direct Relief Foundation?
Direct Relief Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Direct Relief Foundation
Direct Relief Foundation is organized with a specific purpose: to exclusively support and carry out the objectives of Direct Relief. This organization serves as a supporting body, maintaining custody of the Board Restricted Investment Fund (BRIF). The BRIF's primary role is to serve as a reserve for the current and future operations of Direct Relief, providing funds for its fundraising expenses and some management and general costs. During the fiscal year ending June 30, 2022, the Direct Relief Foundation trustees approved the BRIF to cover all of Direct Relief's fundraising expenses and 100% of its CEO's compensation. In essence, the Direct Relief Foundation exists to strengthen and sustain its parent organization, Direct Relief, ensuring its continued ability to provide aid and support to those in need.
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Impact
October, 2024
Direct Relief Foundation plays a crucial role in enhancing the efficiency and effectiveness of Direct Relief's humanitarian efforts. It operates the Board Restricted Investment Fund (BRIF), a designated endowment that ensures financial stability for current and future operations. This fund covers all fundraising expenses and a portion of management costs, enabling Direct Relief to allocate more resources directly to its mission of providing medical assistance to those in need.
By maintaining financial reserves, the foundation empowers Direct Relief to respond swiftly to emergencies and support health systems around the globe. For instance, in the fiscal year ending June 30, 2022, the foundation's trustees approved funding that covered all fundraising costs and the CEO's compensation, illustrating its commitment to maximizing impact and ensuring resources are effectively directed towards humanitarian initiatives. In essence, the Direct Relief Foundation serves as a vital support system, allowing Direct Relief to focus on delivering essential medical assistance to vulnerable populations.
This information is meant to be a general summary of Direct Relief Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,155,844
- Gross Receipts: $18,907,946
Assets and Liabilities:
- Total Assets: $73,185,642
- Total Liabilities: $9,552,446
- Net Assets: $63,633,196
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Organization Details
Founding Year
2006
Phone
(805) 964-4767Principal Officer
Jonathan Steiner
Main Address
6100 WALLACE BECKNELL ROAD, SANTA BARBARA, CA, 93117
NTEE Category
Code: P11 - Human services
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