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.
|CharityWatch's rating of the Anti-Defamation League & Foundation includes the financial activities of the Anti-Defamation League (tax ID #13-1818723) and the Anti-Defamation League Foundation (tax ID #13-2887439), which are each organized as 501(c)(3) public charities.|
The rating is based on CharityWatch's analysis of each respective IRS Form 990 tax filing of the Anti-Defamation League and the Anti-Defamation League Foundation, as well as their audited consolidated financial statements, for the year-ended December 31, 2016. All significant inter-organizational balances and transactions between the League and the Foundation have been eliminated in the consolidated audit.
|According to the Anti-Defamation League 2016 tax filing, the League reports for Business Transactions Involving Interested Persons, a transaction in the amount of $282,137 paid to BlueCadet for "web strategy" (IRS Form 990, Schedule L, Part IV).|
The related party nature of the transaction is described as: "Josh Goldblum is founder and principal shareholder and CEO of BlueCadet. Josh Goldblum is the son of National Commissioners Jane and Joseph Goldblum." The League also reports: "The transaction [with BlueCadet] was made in an arms-length fashion and is at or below fair market value. Neither Jane Goldblum nor Joseph Goldblum had any involvement in the decision making process involving the respective transactions" (IRS Form 990, Schedule L, Part V).
According to the Anti-Defamation League Foundation 2016 tax filing, the Foundation reports for Loans to and/or from Interested Persons, a loan in the amount of $150,000 made to a Trustee, Jonathan A. Greenblatt, for the purpose of "relocation." It is reported that the loan had a balance due of $155,581 at year-end 12/31/2016, is not in default, was approved "by board or committee," and has a written agreement (IRS Form 990, Schedule L, Part II).
The reported loan is further described as follows (IRS Form 990, Schedule L, Part V):
"Mr. Greenblatt was recruited to take over as CEO of the Anti-Defamation League (ADL). As CEO of ADL, Mr. Greenblatt is also an employee of the Anti-Defamation League Foundation and a Trustee. The relocation loan was made to Mr. Greenblatt in connection to his employment and before he assumed the title of Anti-Defamation League Foundation Trustee.
"As of the filing date of the Foundation's Form 990 for the year ended December 31, 2016, the balance of this loan is $70,369. It is anticipated that the remaining balance due on this loan will be paid off before the filing date of the Foundation's Form 990 for the year ended December 31, 2017."
|According to the Anti-Defamation League 2016 tax filing re: Compensation Information (IRS Form 990, Schedule J, Part III):|
"Reportable non-fixed payment, representing a one-time performance bonus was paid to Evan Bernstein in the amount of $24,000 and David Waren in the amount of $10,000."
Evan Bernstein is reported as New York Regional Director, with total compensation of $297,651, including the one-time bonus, in 2016. David Waren is reported as Vice President, Education, with total compensation of $255,058, including the one-time bonus, in 2016. (See IRS Form 990, Schedule J, Part II.)