2025-04-28T14:55:29-05:00 2024-06-30 135565207 KPMG LLP 8350 BROAD STREET SUITE 900 MCLEAN VA 22102 990 2023-07-01 530196605 AMERICAN NATIONAL RED CROSS & ITS CONSTITUENT CHAPTERS AND BRANCHES AMER 2023034498 431 18TH STREET NW WASHINGTON DC 200065009 CARMEL DARCY CFO 2023034498 2025-04-25 1 1 RAYMOND LY P01205643 7032868000 2025-04-10 2023 2025-03-06 01:10:19Z GAIL MCGOVERN 430 17TH ST NW WASHINGTON DC 20006 4400554903 0 X WWW.REDCROSS.ORG X 1900 DC THE AMERICAN RED CROSS PREVENTS AND ALLEVIATES HUMAN SUFFERING IN THE FACE OF EMERGENCIES BY MOBILIZING THE POWER OF VOLUNTEERS AND THE GENEROSITY OF DONORS. 13 12 17967 300000 6973320 0 919126379 1331945848 2167924872 2326747468 82218159 79156198 47808201 66527830 3217077611 3804377344 264552438 658681205 0 0 1528393622 1611418035 452216 644002 191613473 1177708613 1259745882 2971106889 3530489124 245970722 273888220 4028321133 4565143729 1008326202 1142559888 3019994931 3422583841 X THE AMERICAN RED CROSS PREVENTS AND ALLEVIATES HUMAN SUFFERING IN THE FACE OF EMERGENCIES BY MOBILIZING THE POWER OF VOLUNTEERS AND THE GENEROSITY OF DONORS. 0 0 1998821152 2158875658 BIOMEDICAL SERVICES - SEE SCHEDULE O 920076978 592620581 DOMESTIC DISASTER SERVICES - SEE SCHEDULE O 138917396 668009 167871810 TRAINING SERVICES - SEE SCHEDULE O 82216396 61439558 0 INTERNATIONAL SERVICES:THE AMERICAN RED CROSS RESPONDS TO INTERNATIONAL DISASTERS AND HELPS COMMUNITIES PREPARE FOR EMERGENCIES AROUND THE WORLD. IN FY24, MORE THAN 2 MILLION HOUSEHOLDS WERE VISITED THROUGH THE MEASLES & RUBELLA PARTNERSHIP, MORE THAN 375 FAMILIES WERE RECONNECTED THROUGH THE RESTORING FAMILY LINKS PROGRAM, AND MORE THAN 295,000 INDIVIDUALS WERE REACHED THROUGH DISASTER PREPAREDNESS ACTIVITIES AROUND THE GLOBE. 14584717 2925926 COMMUNITY SUPPORT:THE AMERICAN RED CROSS SUPPORTS SEVERAL FOOD BANKS AND A WIC PROGRAM IN A SMALL NUMBER OF COMMUNITIES ACROSS THE COUNTRY, ENSURING INDIVIDUALS AND FAMILIES HAVE ACCESS TO NUTRITIOUS FOOD. WE ALSO HAVE VARIOUS FIRST AID STATION PROGRAMS, PROVIDING FIRST AID AT SPORTING EVENTS, CONCERTS, ETC. IN SOME COMMUNITIES. 64573220 1027132 0 SERVICE TO THE ARMED FORCES:THE AMERICAN RED CROSS SERVES THE MILITARY COMMUNITY FROM THE MOMENT A SERVICE MEMBER TAKES THEIR OATH TO THE TIME THEY'RE NAVIGATING LIFE AS A VETERAN. IN FY24, THE AMERICAN RED CROSS PROVIDED MORE THAN 460,000 SERVICES TO SERVICE MEMBERS, VETERANS AND THEIR FAMILIES AND BRIEFED MORE THAN 380,000 SERVICE MEMBERS AND THEIR FAMILIES THROUGH THE SERVICE TO THE ARMED FORCES OUTREACH PROGRAM. 33357257 EQUITY INVESTMENTS AND OTHER REVENUE: 161374333 65392616 33357257 3219189859 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 1 1 1 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 X 3021 0 1 17967 1 1 0 1 VM KE 0 0 0 1 1 1 10 0 0 1 0 1 0 X 13 12 1 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X LAUREN SULLIVAN AMERICAN RED CROSS 2023035028 430 17TH STREET NW WASHINGTON DC 20006 GAIL MCGOVERN PRESIDENT & CEO 60.00 0.00 X X 1296862 0 16743 JENNIFER BAILEY BOARD MEMBER 4.00 0.00 X 0 0 0 MARY G BERNER BOARD MEMBER 2.00 0.00 X 0 0 0 DAVID A BRANDON BOARD MEMBER 4.00 0.00 X 0 0 0 CAROLE L BROWN BOARD MEMBER 3.00 0.00 X 0 0 0 HERMAN E BULLS BOARD MEMBER 2.00 0.00 X 0 0 0 CHRISTINA CHIU BOARD MEMBER 3.00 0.00 X 0 0 0 DAVID H CLARK BOARD MEMBER 3.00 0.00 X 0 0 0 STEVEN H COLLIS BOARD MEMBER 3.00 0.00 X 0 0 0 ENRIQUE A CONTERNO BOARD MEMBER 4.00 0.00 X 0 0 0 GUNJAN KEDIA BOARD MEMBER 1.00 0.00 X 0 0 0 LORENCE KIM BOARD MEMBER 4.00 0.00 X 0 0 0 BONNIE MCELVEEN-HUNTER BOARD MEMBER 5.00 0.00 X 0 0 0 KATHRYN MCLAY BOARD MEMBER 3.00 0.00 X 0 0 0 ARADHANA SARIN BOARD MEMBER 3.00 0.00 X 0 0 0 KIRT A WALKER BOARD MEMBER 4.00 0.00 X 0 0 0 CARMEL DARCY CHIEF FINANCIAL OFFICER 60.00 0.00 X 466320 0 24440 JENNIFER HAWKINS CORPORATE SECRETARY & CHIEF OF STAFF 60.00 0.00 X 341058 0 21096 DAWN CLARKE-DOCCUVI GENERAL COUNSEL 60.00 0.00 X 305733 0 33284 PHYLLIS HARRIS GENERAL COUNSEL 60.00 0.00 X 240713 0 21708 CLIFFORD HOLTZ CHIEF OPERATING OFFICER 60.00 0.00 X 855665 0 31863 CHRIS HROUDA PRESIDENT OF BIOMEDICAL SERVICES 60.00 0.00 X 801049 0 33066 BRIAN RHOA CHIEF INVESTMENT OFFICER 60.00 0.00 X 704132 0 30957 ANNE MCKEOUGH CHIEF DEVELOPMENT OFFICER 60.00 0.00 X 501606 0 23267 MELISSA HURST CHIEF HUMAN RESOURCES OFFICER 60.00 0.00 X 470882 0 37133 TREVOR RIGGEN PRESIDENT OF HUMANITARIAN SERVICES 60.00 0.00 X 413870 0 28871 SHAUN GILMORE CHIEF TRANSFORMATION OFFICER 60.00 0.00 X 622623 0 34459 PAUL SULLIVAN SVP, DONOR SERVICES 60.00 0.00 X 530146 0 27568 JACK MCMASTER PRESIDENT OF TRAINING SERVICES 60.00 0.00 X 491750 0 30297 ROSEMARY MCGILLAN CHIEF, MARKETING/COMM OFFICER 60.00 0.00 X 451756 0 27725 DOMINICK TOLLI SVP, PRODUCT MGMNT & PLATFORM DEV 60.00 0.00 X 432184 0 35201 8926349 0 457678 2402 0 1 0 CAPITAL COURIER SERVICES LLC 2100 BARRETT PARK DRIVE SUITE 505 KENNESAW GA 30144 COURIER SERVICE 14511787 GENERATOR MEDIA ANALYTICS INC 353 LEXINGTON AVE 11TH FL NY NY 10016 MARKETING 12523132 MINDTREE LIMITED 25 INDEPENDENCE BLVD SUITE 401 WARREN NJ 07059 CONSULTANT-IT 8192279 ONE & ALL 2 N LAKE SUITE 600 PASADENA CA 91101 PRINTER 7716325 RUMSEY CONSTRUCTION LLC 4770 DUCKHORN DRIVE SACRAMENTO CA 95834 CONSTRUCTION 7155569 400 15441313 13665774 539610554 763228207 14060237 1331945848 BIOMEDICAL PRODUCTS/SR 541900 2158875658 2158875658 OTHER PRODUCTS/SRVCS 900099 167871810 167871810 2326747468 71872112 -853680 72725792 25783421 0 25783421 25783421 25783421 584665991 14801238 584679398 7503745 -13407 7297493 7284086 7284086 3554568 13665774 3994416 -439848 -439848 OTHER MISC. REVENUE 900099 41184257 33357257 7827000 41184257 3804377344 2360104725 6973320 105353451 597241647 597241647 61439558 61439558 6873699 1364645 4966456 542598 1258437042 1111613051 53757339 93066652 75027419 66027510 3450492 5549417 177484769 156194595 8162480 13127694 93595106 82367912 4304415 6922779 7687353 1969914 5488668 228771 2376686 1758831 520546 97309 160297 108543 6759 44995 644002 644002 269422451 201798654 17229517 50394280 18590363 17689502 211702 689159 114023064 111057799 1779608 1185657 55398220 45094210 8007577 2296433 74894306 65034640 6015036 3844630 69014412 64963411 1472326 2578675 6579238 5178550 300129 1100559 20167935 18616252 558028 993655 69522100 64562904 806966 4152230 43785320 39924569 1484350 2376401 BIOMED SUP/BLOOD TESTS 478420042 478420042 OTHER PROGRAM SUPPLIES 26083874 24190391 584534 1308949 OTHER ASSISTANCE 3620221 2572729 578864 468628 3530489124 3219189859 119685792 191613473 61909246 174015916 764277980 795948554 52502795 65080997 253440731 388066116 61511308 58396963 423289360 394007696 1839030842 1031904200 727358888 807126642 989702660 1149522540 568395000 583199000 125933165 149779305 4028321133 4565143729 317597402 438159876 512708726 531173609 178020074 173226403 1008326202 1142559888 X 1370457094 1718747661 1649537837 1703836180 3019994931 3422583841 4028321133 4565143729 X 273888220 145677060 -16976370 X 0 1 X 1 1 1 X 887785755 962942913 1060031161 919126378 1331945848 5161832055 887785755 962942913 1060031161 919126378 1331945848 5161832055 36791977 5125040078 69704977 89187158 74342075 102126378 97655533 433016121 2092433 3241475 2175535 3103039 3554568 14167050 5609015226 10458469427 0.91370 0.90960 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING AND MISC - 2019 AMOUNT: $ 2,092,433. 2020 AMOUNT: $ 3,241,475. 2021 AMOUNT: $ 2,175,535. 2022 AMOUNT: $ 3,103,039. 2023 AMOUNT: $ 3,554,568. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 1 35 0 0 1 159651 0 1 610 160296 0 PART II-B, LINE 1: THE AMERICAN RED CROSS DOES NOT CONTRIBUTE TO OR PARTICIPATE IN ELECTION CAMPAIGNS. IT DOES NOT ENDORSE CANDIDATES FOR ELECTIVE OFFICE, NOR DOES IT PUBLISH OR DISTRIBUTE INFORMATION THAT DIRECTLY OR INDIRECTLY ENDORSES OR OPPOSES A CANDIDATE. THE AMERICAN RED CROSS PARTICIPATES IN LOBBYING AND OTHER PUBLIC POLICY ADVOCACY ACTIVITIES AT THE FEDERAL AND STATE LEVELS (WITHIN THE LIMITS SET BY IRS REGULATIONS) ON ISSUES THAT ARE RELATED TO THE ORGANIZATION'S MISSION INCLUDING: BIOMEDICAL SERVICES; HOMELAND SECURITY, ALL HAZARDS PREPAREDNESS AND RESPONSE; PUBLIC HEALTH AND SAFETY; EMERGENCY COMMUNICATION SERVICES TO THE ARMED FORCES; INTERNATIONAL SERVICES; AND THE REGULATION OF NONPROFIT ORGANIZATIONS. THESE ACTIVITIES INCLUDE PREPARING AND PRESENTING WRITTEN AND ORAL TESTIMONY AT LEGISLATIVE HEARINGS AT THE FEDERAL AND STATE LEVEL; COMMUNICATING WITH POLICYMAKERS AND THEIR STAFFS THROUGH MEETINGS AND BRIEFINGS, AND ISSUING PUBLIC STATEMENTS RELATED TO PENDING LEGISLATION AND REGULATION. 1224404039 16181000 136062000 27575000 1349072039 1236904039 14322000 20319000 47151000 1224404039 1272232039 12561000 -863000 47026000 1236904039 1034439039 28013000 273039000 63259000 1272232039 1013098039 24587000 34653000 37899000 1034439039 1.00000 0 0 94669272 94669272 1051401396 565177260 486224136 107072947 78581195 28491752 522631922 388145745 134486177 63255305 63255305 807126642 43431000 F ALTERNATIVE INVESTMENTS 445164000 F EQUITY METHOD INVESTMENTS 94604000 C 583199000 POST-RETIREMENT BENEFIT 35567092 INSURANCE (LOSS RESERVES & CLAIMS) 87617000 SPLIT INTEREST AGREEMENT LIABILITY 32000000 MISC LIABILITIES 18042311 173226403 X PART III, LINE 1A: THE AMERICAN RED CROSS ELECTED NOT TO INCLUDE THE VALUE OF THE ART ON THE BALANCE SHEET UNDER FASB 116. PART V, LINE 4: ENDOWMENT FUNDS IN ACCORDANCE WITH ITS CONGRESSIONAL CHARTER, THE AMERICAN RED CROSS HAS MAINTAINED AN ENDOWMENT FUND SINCE 1905 WHICH IS KEPT AND INVESTED UNDER THE MANAGEMENT AND CONTROL OF A BOARD OF TRUSTEES ELECTED BY THE BOARD OF GOVERNORS. THE BYLAWS OF THE ORGANIZATION STATE THAT WHENEVER A GIFT IS DESIGNATED BY THE DONOR TO BE PERMANENTLY RETAINED, THE GIFT SHALL BE RECEIVED AND HELD IN THE ENDOWMENT FUND. THE AMERICAN RED CROSS MAKES DISTRIBUTIONS FROM INCOME EARNED ON THE ENDOWMENT FUND FOR CURRENT OPERATIONS. PART X, LINE 2: OTHER LIABILITIES ASC 740 (FORMER FIN 48) THE AMERICAN RED CROSS IS A NOT-FOR-PROFIT ORGANIZATION INCORPORATED BY THE U.S. CONGRESS THROUGH THE ISSUANCE OF A FEDERAL CHARTER. THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. AT JUNE 30, 2024 AND 2023, THE ORGANIZATION HAD DETERMINED THAT NO INCOME TAXES ARE DUE FOR SUCH ACTIVITIES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT ANNUALLY REVIEWS ITS TAX POSITIONS AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 FINANCIAL ASSISTANCE DISASTER PREPAREDNESS 1340659 EAST ASIA AND THE PACIFIC 0 0 FINANCIAL ASSISTANCE DISASTER RESPONSE, DISASTER PREPAREDNESS 3021004 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 FINANCIAL ASSISTANCE DISASTER RESPONSE, DISASTER PREPAREDNESS 25880184 MIDDLE EAST AND NORTH AFRICA 0 0 FINANCIAL ASSISTANCE DISASTER RESPONSE 16500000 NORTH AMERICA 0 0 FINANCIAL ASSISTANCE DISASTER RESPONSE, DISASTER PREPAREDNESS 1557557 RUSSIA AND NEIGHBORING STATES 0 0 FINANCIAL ASSISTANCE DISASTER RESPONSE, DISASTER PREPAREDNESS 575000 SOUTH AMERICA 0 0 FINANCIAL ASSISTANCE DISASTER RESPONSE, DISASTER PREPAREDNESS 356086 SOUTH ASIA 0 0 FINANCIAL ASSISTANCE DISASTER RESPONSE, DISASTER PREPAREDNESS 2313168 SUB-SAHARAN AFRICA 0 0 FINANCIAL ASSISTANCE DISASTER RESPONSE, DISASTER PREPAREDNESS, MEASLES 5089967 CENTRAL AMERICA AND THE CARIBBEAN 1 1 PROGRAM SERVICES DISASTER PREPAREDNESS 973367 EAST ASIA AND THE PACIFIC 36 19 PROGRAM SERVICES DISASTER RESPONSE, DISASTER PREPAREDNESS 5533963 EUROPE (INCLUDING ICELAND AND GREENLAND) 51 30 PROGRAM SERVICES DISASTER RESPONSE, DISASTER PREPAREDNESS 6374695 MIDDLE EAST AND NORTH AFRICA 10 5 PROGRAM SERVICES DISASTER RESPONSE 1041274 SOUTH AMERICA 0 0 PROGRAM SERVICES DISASTER RESPONSE, DISASTER PREPAREDNESS 47418 SOUTH ASIA 1 1 PROGRAM SERVICES DISASTER RESPONSE, DISASTER PREPAREDNESS 811417 SUB-SAHARAN AFRICA 2 1 PROGRAM SERVICES DISASTER RESPONSE, DISASTER PREPAREDNESS, MEASLES 555812 EUROPE (INCLUDING ICELAND AND GREENLAND) INVESTMENTS 21165911 0 0 101 57 101 57 51543658 41593824 93137482 CENTRAL AMERICA AND THE CARIBBEAN DISASTER PREPAREDNESS 629548 WIRE 0 CENTRAL AMERICA AND THE CARIBBEAN DISASTER PREPAREDNESS 472173 WIRE 0 CENTRAL AMERICA AND THE CARIBBEAN DISASTER PREPAREDNESS 238938 WIRE 0 EAST ASIA AND THE PACIFIC DISASTER RESPONSE 1000000 WIRE 0 EAST ASIA AND THE PACIFIC DISASTER PREPAREDNESS 762498 WIRE 0 EAST ASIA AND THE PACIFIC DISASTER PREPAREDNESS 667144 WIRE 0 EAST ASIA AND THE PACIFIC DISASTER PREPAREDNESS 174609 WIRE 0 EAST ASIA AND THE PACIFIC DISASTER PREPAREDNESS 83965 WIRE 0 EAST ASIA AND THE PACIFIC DISASTER PREPAREDNESS 74503 WIRE 0 EAST ASIA AND THE PACIFIC DISASTER PREPAREDNESS 54939 WIRE 0 EAST ASIA AND THE PACIFIC DISASTER PREPAREDNESS 52865 WIRE 0 EAST ASIA AND THE PACIFIC DISASTER PREPAREDNESS 43402 WIRE 0 EAST ASIA AND THE PACIFIC DISASTER PREPAREDNESS 35917 WIRE 0 EAST ASIA AND THE PACIFIC DISASTER PREPAREDNESS 27155 WIRE 0 EAST ASIA AND THE PACIFIC DISASTER PREPAREDNESS 22608 WIRE 0 EAST ASIA AND THE PACIFIC DISASTER RESPONSE 19716 WIRE 0 EUROPE (INCLUDING ICELAND AND GREENLAND) DISASTER RESPONSE 13897539 WIRE 0 EUROPE (INCLUDING ICELAND AND GREENLAND) DISASTER RESPONSE 3058694 WIRE 0 EUROPE (INCLUDING ICELAND AND GREENLAND) DISASTER RESPONSE 2634680 WIRE 0 EUROPE (INCLUDING ICELAND AND GREENLAND) DISASTER RESPONSE 2288414 WIRE 0 EUROPE (INCLUDING ICELAND AND GREENLAND) DISASTER RESPONSE 1298741 WIRE 0 EUROPE (INCLUDING ICELAND AND GREENLAND) DISASTER PREPAREDNESS 1086806 WIRE 0 EUROPE (INCLUDING ICELAND AND GREENLAND) DISASTER RESPONSE 640140 WIRE 0 EUROPE (INCLUDING ICELAND AND GREENLAND) DISASTER RESPONSE 458958 WIRE 0 EUROPE (INCLUDING ICELAND AND GREENLAND) DISASTER PREPAREDNESS 220000 WIRE 0 EUROPE (INCLUDING ICELAND AND GREENLAND) DISASTER PREPAREDNESS 134913 WIRE 0 EUROPE (INCLUDING ICELAND AND GREENLAND) DISASTER PREPAREDNESS 78275 WIRE 0 EUROPE (INCLUDING ICELAND AND GREENLAND) DISASTER RESPONSE 10787 WIRE 0 MIDDLE EAST AND NORTH AFRICA DISASTER RESPONSE 10000000 WIRE 0 MIDDLE EAST AND NORTH AFRICA DISASTER RESPONSE 6500000 WIRE 0 NORTH AMERICA MEASLESS & RUBELLA 1150000 WIRE 0 NORTH AMERICA DISASTER PREPAREDNESS 196816 WIRE 0 NORTH AMERICA DISASTER RESPONSE 129000 WIRE 0 NORTH AMERICA DISASTER PREPAREDNESS 50000 WIRE 0 NORTH AMERICA DISASTER RESPONSE 31741 WIRE 0 RUSSIA AND NEIGHBORING STATES DISASTER RESPONSE 575000 WIRE 0 SOUTH AMERICA DISASTER RESPONSE 200000 WIRE 0 SOUTH AMERICA DISASTER PREPAREDNESS 107383 WIRE 0 SOUTH AMERICA DISASTER RESPONSE 48703 WIRE 0 SOUTH ASIA DISASTER RESPONSE 1042925 WIRE 0 SOUTH ASIA DISASTER PREPAREDNESS 778936 WIRE 0 SOUTH ASIA DISASTER PREPAREDNESS 491308 WIRE 0 SUB-SAHARAN AFRICA DISASTER RESPONSE 4200000 WIRE 0 SUB-SAHARAN AFRICA MEASLESS & RUBELLA 525311 WIRE 0 SUB-SAHARAN AFRICA MEASLESS & RUBELLA 274867 WIRE 0 SUB-SAHARAN AFRICA MEASLESS & RUBELLA 65853 WIRE 0 SUB-SAHARAN AFRICA MEASLESS & RUBELLA 23936 WIRE 0 33 0 1 0 0 1 1 0 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE U.S.: THE INTERNATIONAL SERVICES DEPARTMENT OF THE AMERICAN RED CROSS HAS ESTABLISHED STANDARD OPERATING PROCEDURES THAT INCLUDE DUE DILIGENCE PRIOR TO AWARDING FUNDS TO A SUB-RECIPIENT. THIS DUE DILIGENCE INCLUDES A REVIEW OF THE PROGRAMMATIC, STRUCTURAL, AND FINANCIAL HEALTH OF THE ORGANIZATION AND AN ANALYSIS OF THE RISK LEVEL OF AWARDING FUNDS. THIS RISK LEVEL DICTATES PROCEDURES TO MITIGATE THOSE RISKS, INCLUDING THE LEVEL OF DETAIL AND TIMING OF FINANCIAL AND NARRATIVE REPORTS, DURING THE TERM OF THE AWARD. THESE FINANCIAL AND NARRATIVE REPORTS ARE REVIEWED AND, IN CONJUNCTION WITH ANY OTHER IDENTIFIED MITIGATING ACTIVITIES, A DECISION IS MADE TO "ACCEPT" THE REPORTS AND WHETHER TO CONTINUE PROVIDING FUNDS FOR THE AWARD. AT THE END OF THE AWARD TERM, A FINAL REVIEW OF PROGRAMMATIC AND FINANCIAL REQUIREMENTS IS PERFORMED TO ENSURE THE SUB-RECIPIENT MET ITS OBLIGATIONS UNDER THE AWARD. THIS REVIEW FEEDS INTO FUTURE AWARD DECISIONS WITH THE SUB-RECIPIENT. THE AMERICAN RED CROSS ALWAYS RESERVES THE RIGHT TO PERFORM ADDITIONAL REVIEW AND AUDIT OF ANY GRANT FUNDS. X X X X X X X 1 MDS COMMUNICATION COPORATION 545 W JUANITA AVE MESA AZ 85210 PHONE 0 23444876 544002 22900873 ACTIVATE HQ INC AN ALLTRUI CO PO BOX 328 PECONIC NY 11958 CONSULTANTS/ADVISOR 0 0 100000 0 23444876 644002 22900873 HEROES BREAKFAST 1744193 1677570 66623 3440 1350 57516 1024 NY GALA 1390348 1302328 88020 1063 127172 105605 8000 19855 71 14085801 10685876 3399925 2463 62857 1046504 1471345 613297 472925 17220342 13665774 3554568 2463 67360 1175026 1634466 621297 493804 3994416 -439848 PART I, LINE 3 THE AMERICAN RED CROSS WAS CHARTERED BY SPECIAL ACT OF CONGRESS ON JANUARY 5, 1905, AND IS A FEDERAL INSTRUMENTALITY OF THE UNITED STATES. SEE 36 U.S.C. SECTIONS 300101-300111. AS A FEDERAL INSTRUMENTALITY, IT IS EXEMPT FROM STATE LAW CHARITABLE REGISTRATION AND LICENSING REQUIREMENTS, SEE DEPARTMENT OF EMPLOYMENT V. UNITED STATES, 385 U.S. 355 (1966), AND IT THEREFORE IS REGISTERED OR EXEMPT FROM REGISTRATION IN ALL STATES. 1 DISASTER RELIEF PAYMENTS AND EMERGENCIES 0 597241647 0 SCHEDULE I, PART I, LINE 2: THE AMERICAN RED CROSS RESPONDS TO ABOUT 65,000 DISASTERS EVERY YEAR. DISASTER RESPONSE AT THE AMERICAN RED CROSS HAS ESTABLISHED PROCEDURES FOR PROVIDING FINANCIAL AND MATERIAL ASSISTANCE TO CLIENTS. DURING THE EMERGENCY PHASE, THE AMERICAN RED CROSS PROVIDES ASSISTANCE IN THE FORM OF MASS CARE (E.G., FEEDING AND SHELTERING) BASED ON NEEDS. AS WE MOVE TOWARDS THE RECOVERY PHASE, THE AMERICAN RED CROSS PROVIDES INDIVIDUAL ASSISTANCE BASED ON VERIFIED NEED AND IDENTIFICATION THROUGH CASE MANAGEMENT. THE AMERICAN RED CROSS PLACES CONTROL PROCEDURES AROUND MONITORING THE USE OF FINANCIAL ASSISTANCE IN THE UNITED STATES. DURING THE RECOVERY PHASE, THE AMERICAN RED CROSS PARTNERS WITH OTHER ORGANIZATIONS TO SUPPORT THE COMMUNITY. ADDITIONALLY, THE AMERICAN RED CROSS CONDUCTS DISASTER PREPAREDNESS PROGRAMS INCLUDING THE INSTALLATION OF SMOKE ALARMS AND YOUTH PREPAREDNESS EDUCATION. SCHEDULE I, PART II: GRANTS AND ASSISTANCE TO OTHER DOMESTIC ORGANIZATIONS THE AMERICAN RED CROSS PROVIDES FINANCIAL CONTRIBUTIONS TO OTHER DOMESTIC ORGANIZATIONS IN ORDER TO LEVERAGE THE OTHER ORGANIZATIONS' EXPERTISE OR ACCESS INDIVIDUALS/CLIENTS WHO NEED OUR ASSISTANCE, AND AT TIMES, THESE PARTNERING ORGANIZATIONS ACT AS A VEHICLE TO PROVIDE ASSISTANCE TO INDIVIDUALS AFFECTED BY VICTIMS OF DOMESTIC DISASTERS/EMERGENCIES. THE AMOUNTS GIVEN TO OTHER ORGANIZATIONS ARE INCLUDED AND DISCLOSED WITHIN THE GRANTS OR OTHER ASSISTANCE TO OR FOR DOMESTIC INDIVIDUALS IN SCHEDULE I, PART III. THE AMERICAN RED CROSS GRANTS AND OTHER ASSISTANCE FOR THE VICTIMS OF DOMESTIC DISASTERS AND EMERGENCIES ARE PREDOMINANTLY GIVEN IN THE FORM OF DIRECT ASSISTANCE TO INDIVIDUALS BY THE AMERICAN RED CROSS VIA ITS OWN ESTABLISHED DISTRIBUTION CHANNELS. SCHEDULE I, PART IV: DISBURSEMENT IN FURTHERANCE OF CHARITABLE PROGRAMS AND GRANTS PURSUANT TO THE CONGRESSIONAL CHARTER OF THE AMERICAN RED CROSS (36 U.S.C. 3 FIFTH), THE ORGANIZATION CARRIES OUT A SYSTEM OF NATIONAL AND INTERNATIONAL RELIEF TO MITIGATE OR PREVENT SUFFERING CAUSED BY DISASTERS. DISASTER VICTIMS QUALIFY TO RECEIVE SUCH ASSISTANCE BASED ON EITHER OBVIOUS CIRCUMSTANCES, SUCH AS APPARENT NEED FOR FOOD, CLOTHING OR SHELTER, OR A CASEWORK PROCESS IN WHICH THE NATURE AND EXTENT OF THE DISASTER-CAUSED NEEDS FOR THE AMERICAN RED CROSS AID ARE DETERMINED IN LIGHT OF OTHER AVAILABLE RESOURCES. CONTRIBUTIONS TO OTHER ORGANIZATIONS CONSIST PRIMARILY OF THOSE MADE TO THE INTERNATIONAL FEDERATION OF RED CROSS AND RED CRESCENT SOCIETIES AND NATIONAL RED CROSS SOCIETIES OF OTHER COUNTRIES. CONTRIBUTIONS MAY BE MADE FOR A VARIETY OF PURPOSES, INCLUDING REGULAR FINANCIAL SUPPORT AND DISASTER RELIEF ASSISTANCE. THE AMERICAN RED CROSS HAS ONGOING RELATIONSHIPS WITH ALL SUCH RED CROSS ORGANIZATIONS WHICH ARE GOVERNED BY HUMANITARIAN PRINCIPLES AND QUALIFY FOR SUCH ASSISTANCE. DURING DOMESTIC AND INTERNATIONAL DISASTERS, THE AMERICAN RED CROSS WORKS CLOSELY WITH OTHER ORGANIZATIONS INCLUDING GOVERNMENT, NON-GOVERNMENT NON-PROFIT ORGANIZATIONS, AND CORPORATIONS. THE AMERICAN RED CROSS MAY WRITE GRANTS TO NON-PROFIT ORGANIZATIONS DURING LARGE DISASTERS THROUGH A SYSTEMATIC PROCESS. PURSUANT TO ITS CONGRESSIONAL CHARTER (36 U.S.C. 3 FOURTH), THE AMERICAN RED CROSS ALSO ACTS IN MATTERS OF VOLUNTARY RELIEF AND IN ACCORD WITH THE MILITARY AUTHORITIES TO PROVIDE COMMUNICATIONS AND WELFARE ASSISTANCE TO MEMBERS OF THE ARMED FORCES OF THE UNITED STATES, THEIR FAMILIES AND VETERANS. ASSISTANCE TO THIS GROUP IS DETERMINED GENERALLY ON THE BASIS OF THEIR MILITARY, VETERAN OR DEPENDENT STATUS AND THE PARTICULAR NEEDS RELATED THERETO AS REVEALED THROUGH CASEWORK AND SIMILAR MEANS. X X X X X X 0 0 0 0 0 0 0 1 1 1 GAIL MCGOVERN PRESIDENT & CEO 685738 0 600000 0 11124 0 14850 0 1893 0 1313605 0 0 0 CLIFFORD HOLTZ CHIEF OPERATING OFFICER 637017 0 215078 0 3570 0 14850 0 17013 0 887528 0 0 0 CHRIS HROUDA PRESIDENT OF BIOMEDICAL SERVICES 619980 0 178605 0 2464 0 14850 0 18216 0 834115 0 0 0 BRIAN RHOA CHIEF INVESTMENT OFFICER 532078 0 146077 0 25977 0 13200 0 17757 0 735089 0 0 0 SHAUN GILMORE CHIEF TRANSFORMATION OFFICER 470883 0 144500 0 7240 0 13200 0 21259 0 657082 0 0 0 PAUL SULLIVAN SVP, DONOR SERVICES 386750 0 119899 0 23497 0 12197 0 15371 0 557714 0 0 0 ANNE MCKEOUGH CHIEF DEVELOPMENT OFFICER 377868 0 100855 0 22883 0 14257 0 9010 0 524873 0 0 0 JACK MCMASTER PRESIDENT OF TRAINING SERVICES 382195 0 104018 0 5537 0 10866 0 19431 0 522047 0 0 0 MELISSA HURST CHIEF HUMAN RESOURCES OFFICER 346056 0 101450 0 23376 0 14850 0 22283 0 508015 0 0 0 CARMEL DARCY CHIEF FINANCIAL OFFICER 397669 0 67151 0 1500 0 14850 0 9590 0 490760 0 0 0 ROSEMARY MCGILLAN CHIEF, MARKETING/COMM OFFICER 343138 0 98021 0 10597 0 9458 0 18267 0 479481 0 0 0 DOMINICK TOLLI SVP, PRODUCT MGMNT & PLATFORM DEV 327023 0 100306 0 4855 0 14850 0 20351 0 467385 0 0 0 TREVOR RIGGEN PRESIDENT OF HUMANITARIAN SERVICES 328817 0 84162 0 891 0 13200 0 15671 0 442741 0 0 0 JENNIFER HAWKINS CORPORATE SECRETARY & CHIEF OF STAFF 248370 0 71396 0 21292 0 11849 0 9247 0 362154 0 0 0 DAWN CLARKE-DOCCUVI GENERAL COUNSEL 252762 0 50000 0 2971 0 10228 0 23056 0 339017 0 0 0 PHYLLIS HARRIS GENERAL COUNSEL 220523 0 0 0 20190 0 10158 0 11550 0 262421 0 0 0 PART I, LINE 7 THE AMOUNTS SHOWN IN PART II, COLUMN B (II) FOR THE PRESIDENT & CEO, WERE PAID BASED ON A WRITTEN VARIABLE INCENTIVE PLAN, PRIOR FISCAL YEAR PERFORMANCE AND INCLUDES A CAREER RECOGNITION AWARD AND WERE APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD. THE AMOUNTS SHOWN IN PART II, COLUMN B (II) FOR THE CHIEF OPERATING OFFICER, THE PRESIDENT BIOMEDICAL SERVICES, THE CHIEF INVESTMENT OFFICER, THE CHIEF DEVELOPMENT OFFICER, THE CHIEF HUMAN RESOURCES OFFICER, THE CHIEF FINANCIAL OFFICER AND THE PRESIDENT HUMANITARIAN SERVICES WERE PAID BASED ON WRITTEN VARIABLE INCENTIVE PLANS, PRIOR FISCAL YEAR PERFORMANCE AND WERE APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD. ALL VARIABLE INCENTIVE PLAN PAYOUTS WERE REVIEWED BY AN OUTSIDE INDEPENDENT COMPENSATION CONSULTANT AND WERE DOCUMENTED IN THE MINUTES OF THE COMMITTEE, ALL IN ACCORDANCE WITH THE REQUIREMENTS FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER IRC SECTION 4958. THE AMOUNT SHOWN IN PART II, COLUMN B(II) FOR THE CHIEF TRANSFORMATION OFFICER, THE CHIEF MARKETING/COMMUNICATIONS OFFICER, AND THE CORPORATE SECRETARY & CHIEF OF STAFF WERE PAID BASED ON A WRITTEN VARIABLE INCENTIVE PLAN, PRIOR FISCAL YEAR PERFORMANCE AND WERE APPROVED BY THE PRESIDENT & CEO. THE AMOUNT SHOWN IN PART II, COLUMN B(II) FOR THE SVP DONOR SERVICES WAS BASED ON A WRITTEN INCENTIVE PLAN, PRIOR FISCAL YEAR PERFORMANCE AND WAS APPROVED BY THE PRESIDENT BIOMEDICAL SERVICES. THE AMOUNT SHOWN IN PART II, COLUMN B (II) FOR THE PRESIDENT, TRAINING SERVICES WAS PAID BASED ON A WRITTEN INCENTIVE PLAN, PRIOR FISCAL YEAR PERFORMANCE AND WAS APPROVED BY THE CHIEF OPERATING OFFICER. THE AMOUNTS SHOWN IN PART II, COLUMN B (II) FOR THE GENERAL COUNSEL (DAWN CLARKE-DOCCUVI) WHO SERVED AS THE INTERIM GENERAL COUNSEL FROM JULY 8, 2023 UNTIL HER APPOINTMENT AS GENERAL COUNSEL IN DECEMBER 2023 WERE AN INTERIM BONUS APPROVED BY THE COMPENSATION COMMITTEE. THE AMOUNT SHOWN IN PART II, COLUMN B(II) FOR THE SVP PRODUCT MANAGEMENT & PLATFORM DEVELOPMENT WAS BASED ON A WRITTEN INCENTIVE PLAN, PRIOR FISCAL YEAR PERFORMANCE AND WAS APPROVED BY THE PRESIDENT TRAINING SERVICES. PART I, LINE 8 THE AMERICAN RED CROSS HAS ONE (1) EMPLOYEE LISTED ON PART VII WHO IS COVERED BY REG. SECTION 53.4958-4 (A)(3), THE PRESIDENT & CEO. THE ORIGINAL BASE SALARY AMOUNT PAID TO THE PRESIDENT & CEO IS COVERED BY THIS PROVISION AND ANY SUBSEQUENT ANNUAL INCREASES OR OTHER SALARY PAYMENTS ARE DETERMINED BY THE BOARD OF GOVERNORS FOLLOWING A REVIEW BY THE COMPENSATION COMMITTEE OF THE BOARD, AND WERE BASED ON COMPARABLE MARKET DATA AND SUPPORTED BY THE OPINION OF AN OUTSIDE INDEPENDENT COMPENSATION CONSULTANT AND WERE DOCUMENTED IN THE MINUTES OF THE COMMITTEE, ALL IN ACCORDANCE WITH THE REQUIREMENTS FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER IRC SECTION 4958. X 2362607 FMV X 42599 FMV X 4986339 FMV X 1335772 FMV X VARIOUS 0 5332920 FMV 11 0 1 1 PART I, LINE 32B: THE AMERICAN RED CROSS ALSO USES THIRD-PARTY VENDORS FOR ITS VEHICLE, CLOTHING, AND HOUSEHOLD ITEM DONATION PROGRAMS. THE VENDORS SOLICIT, PROCESS, AND SELL THE DONATED GOODS. FORM 990, PART III, LINE 4A, DESCRIPTION OF PROGRAM SERVICE: BIOMEDICAL SERVICES: THE AMERICAN RED CROSS SUPPLIES ABOUT 40% OF THE NATION'S BLOOD SUPPLY, DEPENDING ON THE GENEROSITY OF DONORS TO HELP SAVE LIVES. IN FY24, MORE THAN 4.5 MILLION BLOOD DONATIONS AND 1.1 MILLION PLATELET DONATIONS WERE COLLECTED FROM MORE THAN 2.2 MILLION VOLUNTEER DONORS. IN ADDITION, THE AMERICAN RED CROSS DELIVERED MORE THAN 6.3 MILLION BLOOD PRODUCTS TO HELP PATIENTS AT ABOUT 2,500 HOSPITALS AND TRANSFUSION CENTERS ACROSS THE COUNTRY. FORM 990, PART III, LINE 4B, DESCRIPTION OF PROGRAM SERVICE: DOMESTIC DISASTER SERVICES: THE AMERICAN RED CROSS RESPONDS TO ABOUT 65,000 DISASTERS EVERY YEAR. THE AMERICAN RED CROSS HELPS COMMUNITIES PREPARE FOR, RESPOND TO AND RECOVER FROM DISASTERS BY PROVIDING FOOD, SHELTER, RELIEF SUPPLIES, EMOTIONAL COMFORT, HEALTH SERVICES, FINANCIAL ASSISTANCE AND OTHER SUPPORT TO HELP PEOPLE IN THEIR TIME OF GREATEST NEED. IN FY24, MORE THAN 52,200 HOUSEHOLDS RECEIVED OVER 307,400 RELIEF ITEMS AND MORE THAN 1.5 MILLION OVERNIGHT SHELTER AND HOTEL STAYS WERE PROVIDED. MAJOR DISASTER RESPONSES IN FY24 INCLUDE BUT ARE NOT LIMITED TO: HAWAII WILDFIRES, HURRICANE IDALIA, NUMEROUS TORNADOES, STORMS AND FLOODS IN THE MIDWEST AND THE SOUTH; AND WILDFIRES OUT WEST. THE AMERICAN RED CROSS LONG TERM RECOVERY EFFORTS ARE ONGOING IN MANY OF THESE DISASTER-IMPACTED COMMUNITIES. FORM 990, PART III, LINE 4C, DESCRIPTION OF PROGRAM SERVICE: TRAINING SERVICES: THE AMERICAN RED CROSS HELPS PEOPLE PREPARE FOR AND RESPOND TO HEALTH AND SAFETY EMERGENCIES THROUGH OUR LIFESAVING EDUCATION AND TRAINING PROGRAMS. IN FY24, NEARLY 8.5 MILLION PEOPLE RECEIVED RED CROSS TRAINING IN FIRST AID, WATER SAFETY AND OTHER SKILLS THAT HELP SAVE LIVES. FORM 990, PART V, LINE 3B THE AMERICAN RED CROSS COMPLIES WITH ITS UNRELATED BUSINESS INCOME FORM 990-T RETURN FILING BY THE INTERNAL REVENUE CODE PERMITTED EXTENDED DUE DATE OF MAY 15, 2025. PER THE FORM 990 INSTRUCTIONS FOR PART V, LINE 3B, THE AMERICAN RED CROSS IS REQUIRED TO ANSWER 'NO' TO FILING A FORM 990-T BECAUSE IT WILL NOT FILE ITS FORM 990-T BY THE TIME IT FILES ITS FORM 990 ON APRIL 28, 2025. THE AMERICAN RED CROSS IS ANNUALLY AND TIMELY COMPLIANT WITH ITS FORM 990-T REQUIREMENTS. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING BOARD MEMBERS HAVE BUSINESS RELATIONSHIPS AS DESCRIBED HEREIN: (1) DAVID BRANDON AND GAIL MCGOVERN BOTH SERVE AS BOARD DIRECTORS AT THE SAME PUBLIC COMPANY, AND (2) LORENCE KIM IS A BOARD MEMBER OF A PUBLIC COMPANY FOR WHICH STEVEN COLLIS IS THE CHAIRMAN, PRESIDENT & CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION A, LINE 6 AS DEFINED IN THE CONGRESSIONAL CHARTER: "MEMBERSHIP IN THE CORPORATION IS OPEN TO ALL THE PEOPLE OF THE UNITED STATES AND ITS TERRITORIES AND POSSESSIONS, ON PAYMENT OF AN AMOUNT SPECIFIED, OR AS OTHERWISE PROVIDED IN THE BYLAWS." FORM 990, PART VI, SECTION A, LINE 7A DELEGATES OF THE CHAPTERS ELECT ALL MEMBERS OF THE GOVERNING BODY EXCEPT THE CHAIRMAN OF THE BOARD OF GOVERNORS WHO IS APPOINTED BY THE PRESIDENT OF THE UNITED STATES. AS MANDATED IN THE CONGRESSIONAL CHARTER, SECTION 4(A)(3)(B)(I): "MEMBERS OF THE BOARD OF GOVERNORS OTHER THAN THE CHAIRMAN SHALL BE ELECTED AT THE ANNUAL MEETING OF THE CORPORATION IN ACCORDANCE WITH SUCH PROCEDURES AS MAY BE PROVIDED IN THE BYLAWS." FORM 990, PART VI, SECTION B, LINE 11B THE COMPENSATION AND MANAGEMENT DEVELOPMENT COMMITTEE REVIEWED THE COMPENSATION PORTIONS OF THE IRS FORM 990 (PART VII AND SCHEDULE J) DURING A MEETING HELD ON OCTOBER 23, 2024. A COPY OF THE FINAL FORM 990 WAS SUBMITTED TO EACH MEMBER OF THE BOARD OF GOVERNORS BEFORE IT WAS FILED WITH THE IRS. THE MANAGEMENT REVIEW PROCESS ENTAILS THE CHIEF FINANCIAL OFFICER COORDINATING THE COMPLETION OF THE IRS FORM 990 WITH THE GENERAL COUNSEL AND THE CHIEF HUMAN RESOURCES OFFICER FOR FINAL REVIEW BY THE PRESIDENT AND CEO. FORM 990, PART VI, SECTION B, LINE 12C AS REQUIRED BY SECTION 2.3(A) OF THE AMENDED AND RESTATED BYLAWS OF THE AMERICAN RED CROSS, ALL MEMBERS OF THE BOARD OF GOVERNORS MUST ANNUALLY REVIEW AND CERTIFY THE CODE OF BUSINESS ETHICS AND CONDUCT ("THE CODE"). ADDITIONALLY, TO DISCLOSE AND REMEDY ACTUAL OR PERCEIVED BUSINESS, FINANCIAL OR PERSONAL CONFLICTS OF INTEREST, EVERY MEMBER OF THE BOARD OF GOVERNORS MUST ALSO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE (THE "QUESTIONNAIRE") ANNUALLY. OTHER OFFICERS AND KEY EMPLOYEES ARE ALSO REQUIRED TO ACKNOWLEDGE RECEIPT OF THE CODE AND COMPLETE THE QUESTIONNAIRE ANNUALLY. UNDER THE DIRECTION OF THE GENERAL COUNSEL, COMPLIANCE AND ETHICS DEPARTMENT STAFF COLLECT THE EXECUTED QUESTIONNAIRE FORMS FROM THE MEMBERS OF THE BOARD OF GOVERNORS AND OTHER OFFICERS AND KEY EMPLOYEES. THE INFORMATION DISCLOSED IN THE QUESTIONNAIRE IS REVIEWED, ACTUAL OR PERCEIVED CONFLICTS OF INTEREST ARE IDENTIFIED, AND ANY NECESSARY REMEDIATION OPTIONS ARE DEVELOPED. DEPENDING ON THE MATTER, THE GENERAL COUNSEL OR A STAFF MEMBER FROM THE COMPLIANCE AND ETHICS DEPARTMENT DISCUSSES THE CONFLICT AND REMEDIATION WITH THE MEMBER OF THE BOARD OR THE OTHER OFFICER OR KEY EMPLOYEE, AND IF NECESSARY THE PRESIDENT AND CEO OR CHAIRMAN OF THE BOARD. WHERE APPROPRIATE, THE CONFLICT OF INTEREST AND REMEDIATION REGARDING A MEMBER OF THE BOARD ARE INCLUDED IN THE MINUTES OF THE RELEVANT BOARD COMMITTEE OR FULL BOARD MEETING. THE QUESTIONNAIRE IS ALSO INTENDED TO MONITOR CONFLICTS OF INTEREST ON AN ONGOING BASIS. MEMBERS OF THE BOARD AND OTHER OFFICERS AND KEY EMPLOYEES ARE EXPLICITLY INSTRUCTED THAT THEY HAVE A CONTINUING DUTY TO UPDATE THE QUESTIONNAIRE DURING THE COURSE OF THE YEAR TO REFLECT CHANGES IN ANY BUSINESS, FINANCIAL OR PERSONAL CONFLICTS OF INTEREST. THE SAME PROCESS OF REVIEW, DISCUSSION AND FOLLOW-UP ON CONFLICTS OF INTEREST AND REMEDIATION WITH THE BOARD MEMBER OR OTHER OFFICER OR KEY EMPLOYEE WOULD OCCUR WITH INTERIM DISCLOSURES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF GOVERNORS OF THE AMERICAN RED CROSS HAS DELEGATED AUTHORITY TO THE COMPENSATION AND MANAGEMENT DEVELOPMENT COMMITTEE (THE "COMMITTEE") OF THE BOARD TO (1) REVIEW THE COMPENSATION, BENEFITS, AND INCENTIVE PROGRAM FOR THE CEO; (2) MAKE RECOMMENDATIONS TO THE BOARD FOR THE CEO'S ANNUAL SALARY, BENEFITS AND INCENTIVE PROGRAM; AND, (3) REVIEW AND MAKE DETERMINATIONS REGARDING THE COMPENSATION, BENEFITS, AND INCENTIVE PROGRAMS FOR OTHER SENIOR OFFICERS AND EXECUTIVES OF THE AMERICAN RED CROSS. THE COMMITTEE IS COMPOSED ENTIRELY OF BOARD MEMBERS WHO DO NOT HAVE ANY CONFLICTS OF INTEREST. ANNUALLY, THE COMMITTEE REVIEWS AND APPROVES A LIST OF EXECUTIVES WHO ARE OR MIGHT BE CONSIDERED "DISQUALIFIED PERSONS" PURSUANT TO INTERNAL REVENUE CODE ("IRC") SECTION 4958. WITH RESPECT TO THOSE PERSONS, THE COMMITTEE CONDUCTS ITS ANNUAL REVIEW OF THEIR TOTAL COMPENSATION AND BENEFITS BASED ON COMPARABLE MARKET DATA. THE COMMITTEE RETAINS AN OUTSIDE, INDEPENDENT COMPENSATION CONSULTANT TO PROVIDE MARKET DATA AND REASONABLENESS OPINIONS FOR THE DESIGNATED EXECUTIVES AND IT RELIES ON SUCH MARKET DATA AND REASONABLENESS OPINIONS IN APPROVING NEW SALARIES, BENEFITS AND PAYMENT OF BONUSES OR INCENTIVES FOR THE DESIGNATED PERSONS. THE COMMITTEE ALSO THEN DOCUMENTS ITS DECISIONS AS TO ANY CHANGES TO BE IMPLEMENTED IN COMPENSATION OR BENEFITS FOR THE DESIGNATED PERSONS. THE COMMITTEE UNDERTOOK THIS PROCESS FOR ALL OF THE OFFICERS AND KEY EMPLOYEES REPORTED IN SCHEDULE J WHO ARE CONSIDERED "DISQUALIFIED PERSONS" PURSUANT TO IRC SECTION 4958. FORM 990, PART VI, SECTION C, LINE 19 THE AMERICAN RED CROSS MAKES ITS GOVERNING DOCUMENTS, INCLUDING THE CODE OF BUSINESS ETHICS AND CONDUCT, CONFLICT OF INTEREST QUESTIONNAIRE, AND THE CONSOLIDATED FINANCIAL STATEMENTS, AVAILABLE TO THE PUBLIC ON THE GOVERNANCE PAGE OF ITS WEBSITE, WWW.REDCROSS.ORG. FORM 990, PART XI, LINE 9: PRIMARILY, THIS AMOUNT REPRESENTS EMPLOYEE RETIREMENT PENSION AND POST-RETIREMENT BENEFIT PLAN NET LOSS PER PROVISION OF ASC 715 (FORMER FASB 87 AND 106) IN THE AMOUNT OF $-16,976,370. POOLED INCOME FUND (2) 431 18TH STREET NW WASHINGTON DC 20006 SPLIT INTR AG DC N/A T 0 CHARITABLE REMAINDER TRUST (17) 431 18TH STREET NW WASHINGTON DC 20006 SPLIT INTR AG DC N/A T 0 PERPETUAL TRUST (52) 431 18TH STREET NW WASHINGTON DC 20006 SPLIT INTR AG DC N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0