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March of Dimes

CharityWatch report issued
April 2024

A-
CharityWatch Grade
Our independent grade based
on a number of factors.
 
76%
Program Percentage
Amount spent on programs
relative to overhead.
 
$16
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

March of Dimes
1550 Crystal Drive
Suite 1300
Arlington, VA 22202

Other Names

Bikers for Babies
Blue Jeans for Babies
Jail & Bail
March for Babies
March of Dimes Birth Defects Foundation
March of Dimes Foundation--(formerly known as)
Mothers March
Reading Champions
WalkAmerica

Tax Status

501(c)3

Stated Mission

Leads the fight for the health of all moms & babies and advocates for policies to protect them. Supports research, leads programs, and provides education & advocacy so that every mom & baby can have the best possible start.

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Data based on Fiscal Year Ended 12/31/2022

Program Percentage: 76%

The percentage of March of Dimes's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$111,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $16

How many dollars March of Dimes spends on fundraising to raise each $100 of contributions.

$91,000,000

Calculated Total Contributions

(rounded)

Joint Costs

March of Dimes' rating was adjusted for Joint Costs. If you are a donor who considers direct mail, telemarketing, and other Joint Cost solicitations to be true charitable programs, the below efficiency ratios, which were not adjusted for joint costs, may better reflect your goals.

Program % Cost to Raise $100
77% $15
Accounting rules allow charities to report some telemarketing, direct mail, and other solicitation costs as Program expenses. CharityWatch believes that most donors do not consider a charity's solicitation activities to be the Programs they are intending to support with their donations. We therefore adjust such expenses out of a charity's reported Program expense and add it to Fundraising expense prior to calculating its rating.

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
March of Dimes Foundation Audited Financial Statements 13-1846366
March of Dimes Foundation IRS Form 990 13-1846366
Entity: March of Dimes Foundation
Document Type: Audited Financial Statements
Tax ID: 13-1846366
Entity: March of Dimes Foundation
Document Type: IRS Form 990
Tax ID: 13-1846366

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
March of Dimes
meets governance benchmarks.
 
March of Dimes
does not meet transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
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Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy Opt-Out Policy  

  Name Title Compensation
1 Stacey D. Stewart President/CEO $652,343
2 Zsakeba T. Henderson M.D. Senior VP/MCH IMP $387,255
3 David C. Damond Senior VP/CFO $353,050
1
Name: Stacey D. Stewart
Title: President/CEO
Compensation: $652,343
2
Name: Zsakeba T. Henderson M.D.
Title: Senior VP/MCH IMP
Compensation: $387,255
3
Name: David C. Damond
Title: Senior VP/CFO
Compensation: $353,050

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

According to the March of Dimes audit of December 31, 2022 (Note 1 re: Contributed Materials and Services), March of Dimes received in-kind contributed services and materials in 2022 on which it placed a total value of approximately $2,632,000, including approximately $313,000 of contributed services.

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]

According to the March of Dimes audit of December 31, 2022 (Note 11, Loan Payable - Paycheck Protection Program) [$s in thousands, as noted]:

"On March 24, 2021, the Organization was granted a loan (the "Loan") in the aggregate amount of $10,000 pursuant to the Paycheck Protection Program (the "PPP") under Division A, Title I of the CARES Act. 

The Loan, which was in the form of a note dated March 24, 2021, was scheduled to mature on March 24, 2026 and bore interest at a rate of 1.00% per annum. Under the terms of the PPP, the Loan was fully forgiven as of April 7, 2022."

According to the March of Dimes (MOD) 2022 tax filing, CFF reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III):

Regarding severance payments or change-of-control payments (Schedule J, Part I, Line 4a):

"The following individuals received severance payments during 2022. The amount is included in Schedule J, Part II, Column B(III).

David C. Damond - $58,991."

Regarding nonfixed payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 7):

"Nonfixed Payments
March of Dimes establishes annual performance goals for its officers and key employees. If the employee attains the goals which are established for them, those individuals may receive a performance bonus. All bonuses are considered in evaluation of reasonable compensation for disqualified persons."

MOD reports "Bonus & incentive compensation" payments to 2 individuals in 2022. Those reported "Bonus & incentive compensation" amounts are:

(1) Alison A. Spera, VP, Market Impact: $10,300, with reported total compensation of $258,789

(2) Rochelle S. Siegel, Senior Executive Dir., Market Impact: $9,000, with reported total compensation of $222,319


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