I was doing some research and happen to find Form 990 for the Crohn’s
and Colitis Foundation (CCFA) .The latest year I could find was for 2010.
In 2010, CCFA made $45.12 million in revenue and had expenses of $48.3 million.
This left CCFA with a deficit of over $3 million. However, in the same year
CCFA reported a net worth of $5 million ($22 million in assets and $17 million
in liabilities). Around $15.65 million was spent on grants while $3.9 million
was classified as “other”. Also close to $3.37 million was spent on postage,
mailings, and publications. Is CCFA aware that it is 2012 and not 1992? I am
all for getting the word out but aren’t there more effective ways of doing the
same thing at a cheaper cost? I also saw the organization redesigned their
website this year and wonder how much that cost.
The largest contributor was the Leona and Harry Helmsley
Charitable Trust ($3.36 million) in 2010. The trust according to their latest financials in
2011 had $4.1 billion of a net worth. Whenever I read research articles I often
see the Leona Helmsley Charitable Trust as a provider of funds. Although Leona married
a rich man she was a millionaire in her own right before she married. When
Leona died she left $4 billion to the charitable trust. She also left money to
her dog “Trouble” but that is a whole other story in itself. Other contributors
included Abbott Laboratories (maker of Humira), Ortho Biotech Clinical Affairs,
and Carl and Edyth Linder.
Many different schools across the United States received grants.
Emory University received the largest grant getting $1.8 million, Massachusetts
General Hospital received $879,674, and University of Carolina at Chapel Hill
got $632,872.
Even though CCFA is a non-profit the leaders should run
it like a business. CCFA has a net worth of $3 million. This really does not
leave a cushion in case things get bad. For instance, if the economy got worse
people would obviously give less to all charities. CCFA should run surpluses in
case they run into some tough years. Also as I mentioned before $3.37 million
is spent on postage, mailings, and publications. It could be studied how to cut
this amount without losing the message. I am usually not in favor of government
spending but would have CCFA try to lobby Congress to study inflammatory bowel
disease since it is such a debilitating disease and considering how much we
waste (millions of dollars is not even a rounding error in the annual budget)
it is a small drop in the bucket. Individuals should also volunteer not only
their money but time as well to help educate family members, loved ones and
friends about this disease. Heck tell random strangers about it!
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