Artificial Intelligence Conference - Virtual-FY21-Red-Cross-Form-990

FY21-Red-Cross-Form-990

Pdf Summary

The document is a 2020 IRS Form 990 public disclosure copy for the American National Red Cross & Its Constituent Chapters and Branches. It shows the organization’s mission, finances, governance, and related schedules.<br /><br />Key points:<br />- Mission: to prevent and alleviate human suffering during emergencies by mobilizing volunteers and donors.<br />- Major program services:<br />  - Biomedical Services<br />  - Domestic Disaster Services<br />  - Training Services<br />  - Additional services include International Relief and Development, Service to the Armed Forces, and Community Services.<br />- Financial highlights:<br />  - Total revenue: about $3.09 billion<br />  - Total expenses: about $2.80 billion<br />  - Net revenue over expenses: about $294.2 million<br />  - End-of-year net assets/fund balances: about $2.37 billion<br />- Contributions and fundraising:<br />  - Significant contributions were reported, including major contributors listed in Schedule B.<br />  - Fundraising activities included mail, online/email, phone, and in-person solicitations.<br />  - A fundraising event (“Heroes”) is listed, with net income reported.<br />- Grants and assistance:<br />  - The organization provided substantial disaster relief assistance to domestic individuals.<br />  - It also made grants and assistance outside the U.S., especially for disaster response and preparedness in regions such as Central America and the Caribbean, East Asia and the Pacific, Europe, North Africa, South Asia, and Sub-Saharan Africa.<br />- Governance and compliance:<br />  - The organization has policies for conflict of interest, whistleblower protection, and document retention.<br />  - Compensation for key executives was reviewed using independent compensation consultants and market data.<br />  - The organization publicly posts governing documents and financial statements on its website.<br />- Other disclosures:<br />  - It maintains an endowment fund.<br />  - It reported related organizations and transactions in Schedule R.<br />  - It does not participate in political campaigns, but it does engage in lobbying and public policy advocacy within IRS limits.

Keywords

American National Red Cross

IRS Form 990

public disclosure

nonprofit finances

disaster relief

biomedical services

fundraising

governance compliance

endowment fund

lobbying advocacy