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.
Any time an Analysts' Note refers to a charity's Audited Financial Statements or IRS tax form, CharityWatch encourages interested donors to obtain a copy of the referenced documents so that they may view the information in context. Please contact the charity directly to request a copy of any referenced document. Charity tax forms and audits may also be obtained from a number of online databases. For a list of sources, please visit our LINKS page.
|According to the American Indian College Fund audit of June 30, 2017 (Note 1, Donated Services and In-Kind Contributions), during fiscal 2017, the College Fund "received donated television and radio air time and magazine and newspaper print space" on which it placed an "estimated value" of $3,538,316.|
In addition, the College Fund reports receiving donated works of art during fiscal 2017 on which it placed a value of $48,000 (IRS Form 990, Schedule M).
[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 by clicking on "About CharityWatch" from the navigation bar and then clicking on "Criteria & Methodology".]
|According to the American Indian College Fund audit of June 30, 2017 (Note 9, Related Party Transactions): |
"Certain members of our Board of Trustees also serve as tribal college presidents. Those colleges are eligible, along with all other tribal colleges, to receive scholarship and other direct funding awards from the College Fund. Typically awards are distributed on an objective or equal basis among all the tribal colleges. During 2017, approximately $3 million was distributed to tribal colleges whose presidents also serve as Trustees for the College Fund.
"During the year ending June 30, 2017, we purchased services totaling $65,000 from family members of key employees. Additionally, a member of our Board of Trustees is an executive of a company from which we purchased approximately $400,000 of advertising, social media, and consulting services."
According to the American Indian College Fund tax filing for the fiscal year ending June 30, 2017, the related party involved in the $400,000 transaction cited above is Vladimir Jones. The relationship between Jones and the Organization is reported as "entity owned more than 35% by a Board member" (IRS Form 990, Schedule L, Parts IV & V).
|According to the American Indian College Fund tax filing for the fiscal year ending June 30, 2017 re: Supplemental Information, Compensation:|
"The Organization annually reviews the performance of its employees to determine if additional compensation in the form of bonuses will be paid. During fiscal year ending June 30, 2017, the Organization awarded the President/Chief Executive Officer, Treasurer/Chief Financial Officer, Secretary/Executive Assistant to the President, Vice President Program Initiatives, and the Chief Marketing and Development Officer a bonus based on review of their performances and services to the Organization" (IRS Form 990, Schedule J, Part III).
The College Fund reported $25,000, $6,455, and $1,389 as the "Bonuses & incentive compensation" amounts paid to the President/Chief Executive Officer, Treasurer/Chief Financial Officer, and Chief Marketing & Development Officer, respectively. Their reported total compensation amounts, including bonus, for calendar year 2016 were $297,398, $188,090, and $161,823, respectively (IRS Form 990, Schedule J, Part II). The bonus amounts paid to the Secretary/Executive Assistant to the President and Vice President Program Initiatives, also cited above, were not reported by the College Fund on IRS Form 990, Schedule J, Part II.