BBB Wise Giving Report for
Diabetes Action Research and Education Foundation

BBB Wise Giving Report issued March 2010
BBB Wise Giving Report expires March 2012


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Diabetes Action Research and Education Foundation
Address: 426 C Street, NE
  Washington, DC 20002
Phone: 202-333-4520
Web Address: www.diabetesaction.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1990, Virginia
Affiliates: None
Stated Purpose: "to find cures for diabetes and related diseases and to enhance the quality of life for all people affected by diabetes."

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Evaluation Conclusions

               

Diabetes Action Research and Education Foundation (DAREF) meets the 20 Standards for Charity Accountability.
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Programs

               

DAREF supports both complementary and traditional research by providing grants for 12 new studies in 2009. DAREF’s education programs include providing free diabetes management booklets, online access to its Diabetes Educator for individual consultation, and the annual Diabetes University conference which highlights alternative treatments for diabetes. DAREF’s annual children’s scholarship program provides funding for children to attend 55 diabetes camps in 40 states that combine activities with nutritional and lifestyle education. DAREF’s international program sends medical supplies to countries where resources are extremely limited. Most ($1,438,594 or 70%) of DAREF’s program expense represents the value of donated goods also recognized in its financial statements as a source of revenue.

For the year ended December 31, 2009, DAREF's program expenses were:

  
Research and treatment 1,734,405
Education 279,894
Camp programs 19,800
Total Program Expenses: $2,034,099
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Governance

               

Chief Executive : Pat DeVoe, RN, BSN, President
Compensation*:
 $75,761

Chair of the Board: Patricia A. Faulkner
Chair's Profession / Business Affiliation: Retired

Board Size: 8

Paid Staff Size: 4

*2009 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Direct mail, special events, grant proposals, and planned giving
Fund raising costs were <1% of related contributions. (Related contributions, which totaled $2,264,043, are donations received as a result of fund raising activities.)
DAREF incurred joint costs of $18,077 for informational materials and activities that included fund raising materials. Of those costs, $9,151 was allocated to program expenses, $7,489 was allocated to fund raising expenses, and $1,437 was allocated to administrative expenses.
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on DAREF's audited financial statements for the year ended December 31, 2009.

Source of Funds  
In-kind donations 1,438,594
Contributions 526,221
Special events 157,771
Legacies and bequests 141,457
Royalty 2,297
Interest 51
Total Income $2,266,391


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Uses of Funds as a % of Total Expenses

Programs: 96%  Fund Raising: 0.5  Administrative: 4% 

Total income   $2,266,391
  Program expenses $2,034,099
  Fund raising expenses 10,755
  Administrative expenses 74,837
 
Total expenses   $2,119,691
Income in Excess of Expenses   146,700
Beginning net assets   49,110
Ending net assets   195,810
Total liabilities   10,761
Total assets   $206,571

Note: DAREF reports receiving in-kind donations in the amount of $1,438,594 which was medical equipment.

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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