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FINANCIAL REPORT

OF

TYPE 1 DIABETES DEFENSE FOUNDATION

Accounting Year Ended June 30, 2018


FINANCIAL REPORT – ACCOUNTING YEAR ENDED JUNE 30, 2018
TYPE 1 DIABETES DEFENSE FOUNDATION

July 30, 2018

Board of Directors
Type 1 Diabetes Defense Foundation
Eugene, Oregon

Report on Financial Statements

The accompanying unaudited financial statements of the Type 1 Diabetes Defense Foundation
(“T1DF”) include the statement of financial position as of June 30, 2018, and the related statements of
activities, functional expense and cash flow for the year then ended, with related notes to the financial
statements. T1DF’s revenues for the accounting year beginning July 1, 2017, including donated
services, amounted to $34,005 and expenses to $33,814:

REVENUE/EXPENSES SOURCES OF REVENUE

35,000 34,005 33,814 0%

0%

Revenues
30,000
Expenses Individuals
Government
Corporations

25,000
2017
100%

FOR EVERY $1.00 SPENT ALLOCATION OF EXPENSES

12.6%

0.3%

87.1 ¢ 12.6 ¢ 0.3¢


goes to goes to goes to Programs
programs operations development Operations
Development

87.1%

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FINANCIAL REPORT – ACCOUNTING YEAR ENDED JUNE 30, 2018
TYPE 1 DIABETES DEFENSE FOUNDATION

T1DF’s management is responsible for the preparation and fair presentation of these financial
statements in accordance with accounting principles generally accepted in the United States of
America.

To the best of my knowledge, the financial statements referred to above present fairly, in all material
respects, the financial position of the Type 1 Diabetes Defense Foundation as of June 30, 2018, and the
results of its operations and its cash flows for the year then ended.

Julia Boss
President

Attachments

A. Statement of Financial Position as of June 30, 2018


B. Statement of Activities
C. Statement of Functional Expense
D. Cash Flow Statement
E. Notes to Financial Statements

About T1DF. The Type 1 Diabetes Defense Foundation is a nonpartisan Oregon-based nonprofit 501(c)(3)
dedicated to advancing equal rights and opportunities for all people with type 1 and other forms of insulin-
dependent diabetes. We focus on the significant social impact of living with a condition that requires patients to
make constant dosing decisions with a drug that, without careful management and constant monitoring, can kill
them. T1DF strives to improve the regulatory, legal and social ecosystem essential to development and adoption
of new technologies and therapies, with an explicit commitment to inclusive policies that will deliver for all
Americans with diabetes, insured and uninsured, equal access to standard-of-care pharmaceuticals and
equipment. T1DF accepts no funding from the pharmaceutical, pharmacy benefit management, or insurance
industries or from related organizations, projects, foundations or associations.


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FINANCIAL REPORT – ACCOUNTING YEAR ENDED JUNE 30, 2018
TYPE 1 DIABETES DEFENSE FOUNDATION

Attachment A

Statement of Financial Position as of June 30, 2018



STATEMENT OF FINANCIAL POSITION

FOR YEAR ENDED JUNE 30, 2018

Total

ASSETS

Current Assets

Cash

SELCO Business Checking Account 492

SELCO Membership Share Account 5

Total Cash 497

Accounts Receivables (Pledged 2,500


Contributions)

Total Current Assets 2,997

Total Assets $ 2,997

LIABILITIES AND NET ASSETS

Liabilities

Accounts Payable 0

Deferred Revenue 0

Total Current Liabilities 0

Net Assets

Temporary Restricted 0

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Total

Unrestricted 2,997

Total Net Assets $2,997

Total Liabilities and Net Assets $ 2,997

For Accounting Year Ended: EIN: Corporate Documents:


June 30, 2018 61-1811400 www.t1df.org/corporate/

IRS 501(c)(3) DLN: Contact:


26053438001837 Communications Director
(541) 257-8878
Oregon Registry: media@t1df.org
1277418-90 www.t1df.org

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FINANCIAL REPORT – ACCOUNTING YEAR ENDED JUNE 30, 2018
TYPE 1 DIABETES DEFENSE FOUNDATION

Attachment B

Statement of Activities
STATEMENT OF ACTIVITIES

FOR YEAR ENDED JUNE 30, 2018

Unrestricted Temporarily Total


Restricted

Revenue

Contributions 34,004 0 34,004

Miscellaneous 1 1

Total Revenue 34,005 0 34,505

Expenses

Program Expenses

Consumer Rights 29,321 0 29,321

Civil Rights 132 0 132

Total Program 29,453 0 29,453


Expenses

Management and 4,276 0 4,276


General

Fundraising 85 0 85

Total Expenses 33,814 0 33,814

Change in Net Assets 191 191

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Unrestricted Temporarily Total
Restricted

Net Assets, Beginning 2,806 0 2,806

Net Assets, End $ 2,997 $ 0 $ 2,997

For Accounting Year Ended: EIN: Corporate Documents:


June 30, 2018 61-1811400 www.t1df.org/corporate/

IRS 501(c)(3) DLN: Contact:


26053438001837 Communications Director
(541) 257-8878
Oregon Registry: media@t1df.org
1277418-90 www.t1df.org

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FINANCIAL REPORT – ACCOUNTING YEAR ENDED JUNE 30, 2018
TYPE 1 DIABETES DEFENSE FOUNDATION

Attachment C

Statement of Functional Expense


STATEMENT OF FUNCTIONAL EXPENSE

FOR YEAR ENDED JUNE 30, 2018

Program Management Fundraising Total


and General

Consumer Civil Rights


Rights

Advertising 421 50 471

Books, journal 24 24
subscriptions

Conference 49 48 97
registrations

Corporate and 50 70 120


charitable registrations

Court records 2,964 2,964

Financial service fees 28 15 43

Meals and 229 229


entertainment

Memberships 145 145

Miscellaneous 200 34 234

Postage and shipping 479 12 50 541

Printing services 217 217

Public Records Request 57 57


fees

Promotional items 1,172 1,172

Software subscriptions

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Program Management Fundraising Total
and General

Supplies 284 284

Technical research and 18,000 18,000


paralegal services

Telephone and email 553 553

Travel 967 15 982

Website and IT 1,681 1,681


servicees

Writing and editorial 6,000 6,000


services

Consumer Civil Rights


Rights

Totals $ 29,321 $ 132 $ 4,276 $ 85 $ 33,814

87% 13% 100%

For Accounting Year Ended: EIN: Corporate Documents:


June 30, 2018 61-1811400 www.t1df.org/corporate/

IRS 501(c)(3) DLN: Contact:


26053438001837 Communications Director
(541) 257-8878
Oregon Registry: media@t1df.org
1277418-90 www.t1df.org

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FINANCIAL REPORT – ACCOUNTING YEAR ENDED JUNE 30, 2018
TYPE 1 DIABETES DEFENSE FOUNDATION

Attachment D

Cash Flow Statement


CASH FLOW STATEMENT

FOR YEAR ENDED JUNE 30, 2018

Total

Cash Flow from Operating Activities

Receipts 9,505

Contributions 7,504

Pledged Contributions Received 2,000

Miscellaneous Income 1

Total Receipts 9,505

Cash Disbursements 9,814

Net Cash Provided by Operating Activities -309

Net Increase in Cash –309

Cash and Cash Equivalents, Start of Year 806

Cash and Cash Equivalents, End of Year $ 497

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For Accounting Year Ended: EIN: Corporate Documents:
June 30, 2018 61-1811400 www.t1df.org/corporate/

IRS 501(c)(3) DLN: Contact:


26053438001837 Communications Director
(541) 257-8878
Oregon Registry: media@t1df.org
1277418-90 www.t1df.org

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FINANCIAL REPORT – ACCOUNTING YEAR ENDED JUNE 30, 2018
TYPE 1 DIABETES DEFENSE FOUNDATION

Attachment E

Notes to Financial Statements


NOTES TO FINANCIAL STATEMENTS

FOR YEAR ENDED JUNE 30, 2018

Summary of Accounting Policies.

For this reporting period, we have accounted for operating expenses on a cash basis.

No fixed assets. In the future we will record assets values at historical cost, use straight-line
method of depreciation for most assets and double-declining method for computer
equipment and software.

Details Regarding Financial Statements.

No salaried employees. General organization management performed without compensation


by T1DF’s officers. T1DF uses borrowed office space and equipment.

Program activities were accomplished via donated services. Although T1DF officers donated
hundreds of hours during the past fiscal year, for financial reporting purposes we have limited
donated services to a maximum of 100 per board member. Donated services were received
from:

• Charles Fournier, JD. Charles Fournier is a professional claims consultant with a French
engineering degree and a JD from The George Washington University Law School. He
has past professional experience with nonprofit management and compliance. His usual
professional billing range is $250 – $350 per hour. He donated research and analysis
services to T1DF during the fiscal year ending June 30, 2018. For accounting purposes,
Charles’s donated services have been valued at a discounted rate of $180 per hour
(maximum of 100 donated service hours x $180 = $18,000). All donated services were for
the Consumer Rights Program.

• Julia Boss provides consulting services as co-founder of FBA Consult, an Oregon-based


construction consulting and litigation support firm, and has 20 years experience as a

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translator, commercial writer and editor. Her usual professional billing range is $60 – $95
per hour. During the reporting period ending June 30, 2018, she donated the following
services to T1DF: writing and editing T1DF research reports, press releases, website
content, media correspondence and other T1DF produced documents; managing T1DF
social media. For accounting purposes, Julia’s donated services have been valued at $60
per hour (maximum of 100 donated service hours x $60 = $6,000). All donated service
hours were for the Consumer Rights Program.

No Contingent Liabilities.

Costs associated with ongoing litigation in the Consumer Rights Program are not believed to
represent a contingent liability for T1DF.

For Accounting Year Ended: EIN: Corporate Documents:


June 30, 2018 61-1811400 www.t1df.org/corporate/

IRS 501(c)(3) DLN: Contact:


26053438001837 Communications Director
(541) 257-8878
Oregon Registry: media@t1df.org
1277418-90 www.t1df.org

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