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 Armed Services YMCA of the USA consolidated audit of December 31, 2017 (Note 1, Nature of Activities):|
"Armed Services YMCA of the USA and Affiliates (ASYMCA) is a national member association chartered by the National Council of Young Men's Christian Associations of the United States of America (National Council)... ASYMCA is an independent not-for-profit corporation with its own volunteer board serving military communities. ... As of December 31, 2017, ASYMCA is composed of 13 affiliates (hereinafter referred to as branches) and a headquarters located in Woodbridge, Virginia. Headquarters functions as a liaison between the National Council and the ASYMCA branches and is responsible for providing administrative support to these branches."
CharityWatch's rating of Armed Services YMCA of the USA includes the ASYMCA headquarters and the 13 branches, noted above, the financial activities of which are consolidated in the ASYMCA audited financial statements for the fiscal year ended December 31, 2017. All intercompany balances are eliminated in the audit consolidation.
|According to the Armed Services YMCA of the USA (ASYMCA) consolidated audit of December 31, 2017 (Note 2, Related Party Transactions):|
"In addition to the 13 branches, ASYMCA has 21 affiliated member organizations. ... They provide on-site services similar to those provided by ASYMCA. ASYMCA conditionally agreed to pay a portion of the program directors' salaries, insurance and operational costs at some of these organizations, provided that the money is spent on program services to military personnel and their families. ASYMCA paid $795,099 to these organizations in 2017."
|According to the Armed Services YMCA of the USA (ASYMCA) consolidated audit of December 31, 2017 (Note 1, Contributed services, facilities, materials and equipment), ASYMCA received "contributed professional services and materials, as well as use of facilities" in 2017 on which it placed a total value of $4,231,221.|
[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 "Criteria & Methodology" under "About Us" on the navigation bar, above.]
|According to the Armed Services YMCA of the USA (ASYMCA) 2017 tax filing, ASYMCA reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III):|
Regarding nonfixed payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 7):
"Bonus payments listed in Schedule J, Part II, Column B(ii) ['Bonus & incentive compensation'] were performance based."
ASYMCA reports "Bonus & incentive compensation" payments in the following amounts to four individuals in calendar year 2017 (IRS Form 990, Schedule J, Part II):
(1) William French, President/CEO: $50,000, with reported total compensation of $326,242;
(2) Donald Kandel, Executive VP Finance & Ops: $15,000, with reported total compensation of $202,994;
(3) Christopher Haley, VP, Marketing & Communications: $22,500, with reported total compensation of $158,282; and
(4) Sharon Gleason, EVP, Development & Communications: $25,000, with reported total compensation of $209,972.