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CHARITY REVIEW
Issued: May 2024 Expires: May 2026

Diabetes Action Research and Education Foundation

Accredited Charity
Accredited Charity

Meets Standards

Accreditation seal
6701 Democracy Boulevard, Suite 300
Bethesda, MD, 20817

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Diabetes Action Research and Education Foundation meets the 20 Standards for Charity Accountability.

Stated Purpose:
"to prevent and treat diabetes and to fund innovative, promising research aimed at finding a cure for diabetes and diabetes related complications."

Year, State Incorporated:
1990, VA

Diabetes Action Research and Education Foundation (DAREF) provides grants for type 1 and type 2 diabetes research. The organization also offers online educational information, support for children with diabetes to attend special summer camp programs throughout the U.S., and funds diabetes educational programs on American Indian Reservations.

For the year ended December 31, 2023, Diabetes Action Research and Education Foundation's program expenses were:

Research and treatment $485,000
Education $285,717
Camp programs $19,300
Total Program Expenses $790,017

Chief Executive
Patricia DeVoe, President

Compensation*
$108,206

Chair of the Board
Patricia Faulkner

Chair's Profession / Business Affiliation
Retired

Board Size
6

Paid Staff Size
3

*2023 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:
Direct mail appeals, Internet, Radio

Fundraising costs were 2% of related contributions. (Related contributions, which totaled $932,491, are donations received as a result of fundraising activities.)

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.

The following information is based on Diabetes Action Research and Education Foundation's audited financial statements for the year ended December 31, 2023.

Source of Funds
Interest income $13,784
Legacies and bequests $383,447
Contributions $549,044
Total Income $946,275

Programs: 90% Fundraising: 2% Administrative: 8%

Total Income $946,275
Total expenses: $879,977
  Program expenses $790,017
  Fundraising expenses $19,504
  Administrative expenses $70,456
  Other expenses $0
Income in Excess of Expenses $66,298
Beginning Net Assets $785,352
Other Changes In Net Assets $0
Ending Net Assets $851,650
Total Liabilities $390,200
Total Assets $1,241,850

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 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 International Association of Better Business Bureaus.

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

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Report completed by:
BBB Wise Giving Alliance