Automation & Workflow Productivity Conference - Virtual-FY21-Red-Cross-Form-990

FY21-Red-Cross-Form-990

Pdf Summary

The document is a 2020 IRS Form 990 and related schedules for the American National Red Cross and its constituent chapters and branches.<br /><br />Key points:<br />- The organization’s mission is to prevent and alleviate human suffering during emergencies by mobilizing volunteers and donor support.<br />- Major program areas included:<br />  - Biomedical Services<br />  - Domestic Disaster Services<br />  - Training Services<br />  - International relief and development<br />  - Service to the Armed Forces<br />  - Community services<br />- Total revenue was about $3.09 billion, while total expenses were about $2.80 billion.<br />- Net assets at year-end were about $2.37 billion.<br />- Significant program service expenses included roughly:<br />  - Biomedical services: about $1.83 billion<br />  - Domestic disaster services: about $469 million<br />  - Training services: about $141 million<br />- The organization reported large grants and assistance, including disaster relief payments to individuals and grants to domestic and foreign organizations.<br /><br />Other notable disclosures:<br />- The Red Cross maintained strong governance policies, including conflict-of-interest and whistleblower policies, document retention rules, and board review of the Form 990.<br />- Compensation for top executives and officers was disclosed, with the President & CEO among the highest compensated.<br />- The organization engaged in lobbying and public policy advocacy within IRS limits but stated it does not participate in political campaign activity.<br />- It uses third-party vendors for certain noncash donation programs, including vehicle, clothing, and household item donations.<br />- Internationally, it funded disaster response and preparedness activities in multiple regions.<br />- It maintains an endowment fund and has related organizations, including Boardman Indemnity, Ltd. and various trusts.<br /><br />The filing also includes detailed supplemental explanations about disaster response operations, public preparedness campaigns, financial controls, and related-party transactions.

Keywords

American National Red Cross

IRS Form 990

nonprofit finances

disaster relief

biomedical services

volunteer mobilization

international aid

governance policies

executive compensation

charitable grants