2024-05-10T18:31:04-05:00 2023-06-30 910189318 MOSS ADAMS LLP 21700 OXNARD ST STE 300 WOODLAND HILLS CA 91367 990 2022-07-01 205983698 DIRECT RELIEF FOUNDATION DIRE 8059644767 6100 WALLACE BECKNELL ROAD SANTA BARBARA CA 93117 JONATHAN STEINER VP OF FINANCE, CFO 8059644767 2024-05-09 1 JONATHAN STEINER 999009999 0 LAUREN A HAVERLOCK P00545829 8185771900 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JONATHAN STEINER 6100 WALLACE BECKNELL ROAD SANTA BARBARA CA 93117 15339469 0 X N/A X 2006 CA TO OPERATE SOLELY AND EXCLUSIVELY FOR THE BENEFIT OF DIRECT RELIEF. 15 15 0 16 3674 0 3959561 7300442 0 0 6155844 3358757 0 0 10115405 10659199 3590990 3032326 0 0 0 0 0 0 0 409738 402385 4000728 3434711 6114677 7224488 73185642 77176320 9552446 5129914 63633196 72046406 THE FOUNDATION IS ORGANIZED TO OPERATE SOLELY AND EXCLUSIVELY FOR THE BENEFIT OF, TO SUPPORT, OR TO CARRY OUT THE PURPOSES OF DIRECT RELIEF. 0 0 3032326 3032326 THE DIRECT RELIEF FOUNDATION WAS FORMED AS A SUPPORTING ORGANIZATION OF DIRECT RELIEF AND IS ORGANIZED TO OPERATE SOLELY AND EXCLUSIVELY TO SUPPORT, BENEFIT, OR CARRY OUT THE PURPOSES OF DIRECT RELIEF. THE FOUNDATION MAINTAINS CUSTODY OF THE BOARD RESTRICTED INVESTMENT FUND (BRIF), WHICH IS A BOARD DESIGNATED ENDOWMENT. THE PURPOSE OF THE BRIF IS TO PROVIDE A RESERVE FOR CURRENT AND FUTURE OPERATIONS OF DIRECT RELIEF. THE BRIF ALSO PROVIDES FUNDING TO PAY FOR ALL OF DIRECT RELIEF'S FUNDRAISING EXPENSES AND SOME MANAGEMENT AND GENERAL EXPENSES. FOR THE YEAR ENDED JUNE 30, 2023, THE DIRECT RELIEF FOUNDATION TRUSTEES APPROVED FOR THE BRIF TO PROVIDE FUNDS TO DIRECT RELIEF TO COVER ALL OF ITS FUNDRAISING EXPENSES AS WELL AS 100% OF THE COMPENSATION OF DIRECT RELIEF'S CEO. 3032326 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X JONATHAN STEINER 8059644767 6100 WALLACE BECKNELL ROAD SANTA BARBARA CA 93117 X MARK LINEHAN CHAIR 1.00 10.00 X X 0 0 0 BYRON SCOTT MD VICE CHAIR 1.00 5.00 X X 0 0 0 THOMAS STURGESS TREASURER 1.00 5.00 X X 0 0 0 SIRI MARSHALL SECRETARY 1.00 5.00 X X 0 0 0 ANNALISA PIZZARELLO ASSISTANT SECRETARY 1.00 5.00 X X 0 0 0 HARRY MCMAHON ASSISTANT TREASURER 1.00 5.00 X X 0 0 0 JAMES SELBERT TRUSTEE 1.00 5.00 X 0 0 0 PAMELA GANN TRUSTEE 1.00 5.00 X 0 0 0 EVAN MARWELL TRUSTEE 1.00 2.00 X 0 0 0 ELIZABETH TORO MD MPH TRUSTEE 1.00 2.00 X 0 0 0 MARY DWYER TRUSTEE 1.00 2.00 X 0 0 0 JAMES MCGONIGLE TRUSTEE 1.00 5.00 X 0 0 0 STAYCE D HARRIS TRUSTEE 1.00 2.00 X 0 0 0 TIM WERTNER THROUGH 052023 TRUSTEE 1.00 2.00 X 0 0 0 MARLA SALMON SCD RN FAAN TRUSTEE 1.00 2.00 X 0 0 0 JAMIE RUFFING PHD TRUSTEE 1.00 2.00 X 0 0 0 THOMAS E TIGHE CHIEF EXECUTIVE OFFICER 5.00 40.00 X 0 605893 46717 DAWN LONG SENIOR VP, COO 5.00 40.00 X 0 378770 23993 JONATHAN STEINER VP OF FINANCE, CFO 5.00 40.00 X 0 306062 23298 0 1290725 94008 0 0 1 0 SEI INVESTMENTS 1 FREEDOM VALLEY DRIVE OAKS PA 19456 INVESTMENT MANAGEMENT FEES 389616 1 7118809 181633 9865 7300442 1852162 3674 1848488 6186865 4680270 1506595 1506595 1506595 10659199 0 3674 3355083 3032326 3032326 29931 29931 372454 372454 3434711 3032326 402385 0 X 162444 5 1449001 278727 5752117 3606196 10898379 13020893 54923701 60270499 73185642 77176320 9552446 5129914 9552446 5129914 X 58702140 68976027 4931056 3070379 63633196 72046406 73185642 77176320 X 7224488 1153396 39000 -3674 X 0 1 X 1 0 X X X 1 DIRECT RELIEF 951831116 7 1 3032326 0 1 3032326 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 58702139 6882709 6423505 3032326 68976027 62341309 15081 -82761 3571490 58702139 34600273 21313784 10021573 3208883 385438 62341309 36975634 6680042 821558 2687197 6919743 270021 34600273 27758883 8302822 2236006 1099626 222451 36975634 1.00000 0.00000 0.00000 0 0 0 SEI GLOBAL PRIVATE ASSETS V (P), LP 969587 F SEI GLOBAL MGD VOLATILITY 4615725 F SEI US MANAGED VOLATILITY FUND 4613951 F SEI OPPORTUNISTIC INCOME FD-A 5460084 F SEI CORE PROPERTY FUND 8772646 F SEI INST INV S&P 500 INDEX A 7805886 F SEI CORE FIXED INCOME 8385771 F OTHER INVESTMENTS 1935362 F SEI LIMITED DURATION BOND 7038141 F SEI WORLD EQUITY EX-US 10673346 F 60270499 PAYABLE TO DIRECT RELIEF (SEE SCH D, PART XIII) 5129914 5129914 X 11808921 1153396 -3674 1149722 10659199 0 10659199 3395711 -39000 -39000 3434711 0 3434711 PART V, LINE 4: BOARD DESIGNATED ENDOWMENT: DIRECT RELIEF FOUNDATION MAINTAINS CUSTODY OF THE BOARD RESTRICTED INVESTMENT FUND (BRIF), WHICH IS A BOARD DESIGNATED ENDOWMENT. DIRECT RELIEF FOUNDATION WAS FORMED AS A SUPPORTING ORGANIZATION OF DIRECT RELIEF. THE FOUNDATION IS ORGANIZED TO OPERATE SOLELY AND EXCLUSIVELY TO SUPPORT, BENEFIT, OR CARRY OUT THE PURPOSES OF DIRECT RELIEF. THE PURPOSE OF THE BRIF IS TO PROVIDE A RESERVE FOR CURRENT AND FUTURE OPERATIONS OF DIRECT RELIEF. THE BRIF ALSO PROVIDES FUNDING TO PAY FOR ALL OF DIRECT RELIEF'S FUNDRAISING EXPENSES AND SOME MANAGEMENT AND GENERAL EXPENSES. FOR THE YEAR ENDED JUNE 30, 2023, THE DIRECT RELIEF FOUNDATION TRUSTEES APPROVED FOR THE BRIF TO PROVIDE FUNDS TO DIRECT RELIEF TO COVER ALL OF ITS FUNDRAISING EXPENSES AS WELL AS 100% OF THE COMPENSATION OF THE CEO. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM TAXES ON INCOME UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE 23701D. THEREFORE, NO AMOUNTS FOR INCOME TAXES ARE REFLECTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION HAD INCONSEQUENTIAL UNRELATED BUSINESS INCOME TAX DURING THE YEAR ENDED JUNE 30, 2023 AND 2022 AND NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL AS OF JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME -3,674. PART XII, LINE 2D - OTHER ADJUSTMENTS: 457B ADJUSTMENT -39,000. PART X, LINE 1: DIRECT RELIEF FOUNDATION ACCRUES THE AMOUNTS PAYABLE TO DIRECT RELIEF ON AN ANNUAL BASIS. THE BALANCE DUE AS OF JUNE 30, 2023 CONSISTS OF THE FOLLOWING: PRIOR YEAR APPROVED TRANSFERS (A) $ (3,551,490) CURRENT YEAR APPROVED TRANSFERS (3,032,326) ACTUAL TRANSFERS TAKEN 5,775,713 -------------- TOTAL AMOUNT PAYABLE AS OF JUNE 30, 2023: $(808,103) (A) APPROVED TRANSFERS THAT ARE NOT TAKEN BY THE END OF EACH YEAR ARE CARRIED FORWARD TO BE TAKEN IN FUTURE YEARS. 1 DIRECT RELIEF 6100 WALLACE BECKNELL ROAD SANTA BARBARA CA 93117 951831116 501(C)(3) 3032326 0 TO SUPPORT THE OPERATIONS OF DIRECT RELIEF 1 0 PART I, LINE 2: DIRECT RELIEF FOUNDATION OPERATES SOLELY AND EXCLUSIVELY AS A SUPPORT ORGANIZATION FOR THE BENEFIT OF DIRECT RELIEF. DIRECT RELIEF PROVIDES MONTHLY ACCOUNTING REPORTS TO DIRECT RELIEF FOUNDATION THAT REPORT ON THE USE OF FUNDS TOWARDS ALL OF DIRECT RELIEF'S FUNDRAISING EXPENSE AND THE CEO'S COMPENSATION. 0 0 0 0 0 0 0 0 0 THOMAS E TIGHE CHIEF EXECUTIVE OFFICER 0 605893 0 0 0 0 0 14500 0 32217 0 652610 0 0 DAWN LONG SENIOR VP, COO 0 378770 0 0 0 0 0 14500 0 9493 0 402763 0 0 JONATHAN STEINER VP OF FINANCE, CFO 0 306062 0 0 0 0 0 14500 0 8798 0 329360 0 0 PART I, LINE 3 DIRECT RELIEF FOUNDATION DOES NOT HAVE ANY PAID EMPLOYEES, AND, THEREFORE, DOES NOT HAVE A REQUIREMENT TO HAVE A COMPENSATION POLICY. THE CEO, COO & CFO ARE OFFICERS, BUT ARE NOT COMPENSATED BY DIRECT RELIEF FOUNDATION. THEY ARE COMPENSATED BY DIRECT RELIEF, A RELATED ORGANIZATION, WHICH HAS IN PLACE A COMPENSATION POLICY THAT INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, ANALYSIS OF COMPARABILITY DATA, AND DOCUMENTATION OF THE DECISION-MAKING PROCESS. FORM 990, PART VI, SECTION A, LINE 7A ARTICLE V, SECTION 2.5 B OF THE DIRECT RELIEF FOUNDATION BYLAWS STATES THAT THE DIRECT RELIEF BOARD HAS THE POWER TO APPOINT THE TRUSTEES OF DIRECT RELIEF FOUNDATION. SINCE SOME TRUSTEES OF THE DIRECT RELIEF FOUNDATION ARE ALSO MEMBERS OF THE DIRECT RELIEF BOARD, THE ORGANIZATION DOES HAVE SOME MEMBERS WHO HAVE THE POWER TO APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B ARTICLE XI OF THE DIRECT RELIEF FOUNDATION BYLAWS STATES THAT THE BYLAWS MAY ONLY BE ALTERED, AMENDED OR REPEALED, AND NEW BYLAWS MAY ONLY BE ADOPTED, BY A MAJORITY OF THE DIRECT RELIEF BOARD PRESENT AT ANY MEETING OF THE DIRECT RELIEF BOARD. FORM 990, PART VI, SECTION B, LINE 11B DIRECT RELIEF FOUNDATION'S CHIEF FINANCIAL OFFICER DISTRIBUTES A COPY OF THE FINAL VERSION OF THE 990 TO ALL CURRENT TRUSTEES, REQUESTING THEY REVIEW THE 990 PRIOR TO FILING. THE TRUSTEES ARE ASKED TO REVIEW AND ARE GIVEN AN OPPORTUNITY TO RAISE ISSUES AND REQUEST CLARIFICATIONS, IF ANY. ONCE THIS PROCESS IS COMPLETE AND TRUSTEE APPROVAL IS OBTAINED, THE 990 IS FILED. DOCUMENTATION OF THE DISTRIBUTION TO THE TRUSTEES, AS WELL AS THEIR RESPONSES AND QUESTIONS, IF ANY, ARE MAINTAINED BY THE CHIEF FINANCIAL OFFICER. FORM 990, PART VI, SECTION B, LINE 12C WITHIN THIRTY (30) DAYS OF THE BEGINNING OF EACH FISCAL YEAR, ALL TRUSTEES, OFFICERS AND TRUSTEE COMMITTEE MEMBERS MUST COMPLETE A DISCLOSURE FORM REGARDING POSSIBLE CONFLICTS OF INTEREST. DISCLOSURE IS ALSO REQUIRED OF A TRUSTEE, OFFICER, EMPLOYEE AND TRUSTEE COMMITTEE MEMBER AT ANY TIME WHEN THE INTEREST OF SUCH PERSON (OR MEMBER OF HIS OR HER FAMILY) COULD AFFECT THE ACTIVITIES, PROPERTY, EMPLOYEES, OR SERVICES OF DIRECT RELIEF, OR INVOLVES ANY POTENTIAL CONFLICT OF INTEREST AS MORE SPECIFICALLY DEFINED IN DIRECT RELIEF'S CONFLICT OF INTEREST POLICY IN THE BYLAWS. WHEN A TRUSTEE, OFFICER, OR TRUSTEE COMMITTEE MEMBER HAS A CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST IN A PROPOSED TRANSACTION, THAT INDIVIDUAL SHALL RECUSE HIMSELF OR HERSELF (I.E., LEAVE THE ROOM), AND SHALL NOT PARTICIPATE IN THE DELIBERATION ON THE MERITS OF THE PROPOSAL OR THE VOTE. IN ALL CASES, THE EXISTENCE AND NATURE OF THE RELATIONSHIP OR THE CONFLICT OF INTEREST DISCLOSED, THE INTERESTED PERSON'S RECUSAL, AND THE VOTE OF THE OTHER TRUSTEES IS REFLECTED IN THE MINUTES OF THE MEETING OF THE TRUSTEES OR APPLICABLE TRUSTEE COMMITTEES. FORM 990, PART VI, SECTION B, LINE 15 DIRECT RELIEF FOUNDATION DOES NOT HAVE ANY PAID EMPLOYEES, AND, THEREFORE, DOES NOT HAVE A REQUIREMENT TO HAVE A COMPENSATION POLICY. THE CEO, COO & CFO ARE OFFICERS, BUT ARE NOT COMPENSATED BY DIRECT RELIEF FOUNDATION. THEY ARE COMPENSATED BY DIRECT RELIEF, A RELATED ORGANIZATION, WHICH HAS IN PLACE A COMPENSATION POLICY THAT INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, ANALYSIS OF COMPARABILITY DATA, AND DOCUMENTATION OF THE DECISION-MAKING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 DIRECT RELIEF FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND FORM 990 AVAILABLE TO THE PUBLIC THROUGH ITS RELATED ORGANIZATION'S WEBSITE, DIRECT RELIEF, AT WWW.DIRECTRELIEF.ORG. FORM 990, PART VII, SECTION A, LINE 1(A) AND SCHEDULE J, PART II: THE COMPENSATION REPORTED HERE IS THAT PAID BY DIRECT RELIEF, A RELATED TAX-EXEMPT ORGANIZATION, FOR THE CALENDAR YEAR 2022, IN LINE WITH THE FORM 990 REQUIREMENTS. THE COMPENSATION OF THE CEO, COO & CFO IS DETERMINED SOLELY BY THE BOARD OF DIRECTORS OF DIRECT RELIEF. FUNDS COVERING 100% OF THE COMPENSATION OF DIRECT RELIEF'S PRESIDENT & CEO WAS PROVIDED BY DIRECT RELIEF FOUNDATION THROUGH REGULAR BOARD-APPROVED TRANSFERS OF FUNDS TO DIRECT RELIEF. FORM 990, PART X, LINE 25, OTHER LIABILITIES: DIRECT RELIEF FOUNDATION ACCRUES THE AMOUNTS PAYABLE TO DIRECT RELIEF ON AN ANNUAL BASIS. THE BALANCE DUE AS OF JUNE 30, 2023 CONSISTS OF THE FOLLOWING: PRIOR YEAR APPROVED TRANSFERS (A) $(3,551,490) CURRENT YEAR APPROVED TRANSFERS (3,032,326) ACTUAL TRANSFERS TAKEN 5,775,713 ---------------- TOTAL AMOUNT RECEIVABLE AS OF JUNE 30, 2023: $(808,103) (A) APPROVED TRANSFERS THAT ARE NOT TAKEN BY THE END OF EACH YEAR ARE CARRIED FORWARD TO BE TAKEN IN FUTURE YEARS. FORM 990, PART XI, LINE 9: UNRELATED BUSINESS REVENUE - PASSTHROUGH ENTITIES -3,674. DIRECT RELIEF 6100 WALLACE BECKNELL ROAD SANTA BARBARA CA 93111 951831116 PROVIDES MEDICINES, EQUIPMENT AND SUPPLIES TO UNDERSERVED POPULATIONS CA 501(C)(3) LINE 7 N/A 0 DIRECT RELIEF INTERNATIONAL SOUTH AFRICA 52 CORLETT DRIVE WANDERERS OFFICE P ILLOVO JOHANNESBURG SF 2196 COORDINATION OF MEDICAL SUPPORT TO AFRICAN DOCTORS AND MEDICAL CLINICS SF DIRECT RELIEF 0 DIRECT RELIEF MEXICO AV PASEO DE LA REFORMA 300 - PISO CUAUHTEMOC DISTRITO FEDERAL MX 6600 COORDINATION OF MEDICAL SUPPORT TO MEXICAN DOCTORS AND MEDICAL CLINICS MX DIRECT RELIEF 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 SCHEDULE R, PART V: DIRECT RELIEF FOUNDATION MAINTAINS CUSTODY OF THE BOARD RESTRICTED INVESTMENT FUND (BRIF), WHICH IS A BOARD DESIGNATED ENDOWMENT. DIRECT RELIEF FOUNDATION WAS FORMED AS A SUPPORTING ORGANIZATION OF DIRECT RELIEF. THE FOUNDATION IS ORGANIZED TO OPERATE SOLELY AND EXCLUSIVELY TO SUPPORT, BENEFIT, OR CARRY OUT THE PURPOSES OF DIRECT RELIEF. THE PURPOSE OF THE BRIF IS TO PROVIDE A RESERVE FOR CURRENT AND FUTURE OPERATIONS OF DIRECT RELIEF. THE BRIF ALSO PROVIDES FUNDING TO PAY FOR ALL OF DIRECT RELIEF'S FUNDRAISING EXPENSES AND SOME MANAGEMENT AND GENERAL EXPENSES. FOR THE YEAR ENDED JUNE 30, 2023, THE TRUSTEES OF DIRECT RELIEF FOUNDATION APPROVED TO PROVIDE FUNDS TO DIRECT RELIEF TO COVER ALL OF DIRECT RELIEF'S FUNDRAISING EXPENSES AS WELL AS 100% OF THE COMPENSATION OF DIRECT RELIEF'S PRESIDENT & CEO. SCHEDULE R, PART V: 100% OF BEQUESTS, IRREVOCABLE TRUSTS, INSURANCE POLICIES, ANNUITIES, ETC. RECEIVED BY DIRECT RELIEF ARE TRANSFERRED TO DIRECT RELIEF FOUNDATION, UNLESS OTHERWISE SPECIFIED BY THE DONOR.