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 Best Friends Animal Society (BFAS) consolidated audit of September 30, 2017 (Note 1, Contributed Goods and Services), BFAS received in-kind contributed goods and services in fiscal 2017 on which it placed a total value of approximately $28,383,000. Included in this amount is a reported total of $25,464,000 for "in-kind advertising in the form of television, radio, or other media forms."

[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 Best Friends Animal Society (BFAS) tax filing for the fiscal year-ended September 30, 2017, BFAS paid employee compensation to six "interested persons," all of whom are reported as having either a family or spousal relationship with a BFAS board member or officer. The per employee compensation paid ranged from $31,166 to $185,689 and totaled $572,632 (IRS Form 990, Schedule L, Parts IV & V).
According to the Best Friends Animal Society consolidated audit of September 30, 2017 (Note 18, Commitments and Contingencies, Founders Retirement Program and Superseding Founder Post Employment Services Agreement):

"On April 29, 2011, the board of directors approved a 'Post Employment Services Agreement' that replaced a Founders Retirement Program. A change to the Bylaws of Best Friends on April 29, 2011 was also approved with the change establishing a standing committee to the board of directors, the Emeritus Founder Advisory Committee (Committee). This Committee was established to formalize the continued contributions that founders (no longer working full-time at Best Friends) make, plus provide them a forum directly with the board.

"Members of the Committee provide services to Best Friends under their Post Employment Services Agreement. In exchange for the related services, the participating founders are entitled to bi-monthly payments as per the Post Employment Services Agreement. All founders who are no longer employed full-time by Best Friends are eligible to participate in this service-based agreement if they choose to do so. Ten founders were active under this program during the year ended September 30, 2017 and received compensation totaling $519,752..."
According to the Best Friends Animal Society consolidated audit of September 30, 2017 (Note 17, Acquisition):

"On October 1, 2016, Best Friends acquired the assets and assumed all liabilities of Atlanta Pet Rescue and Adoption, Inc. (APRA), a not-for-profit corporation. The board of trustees of APRA authorized the transfer of the assets and liabilities to Best Friends. No consideration was given and a contribution was recorded for the net amount. The primary reason for the acquisition was to fulfill the mission of Best Friends by expanding its national presence..."

The fair value of the net assets contributed as of the acquisition date amounted to $509,541, according to Note 17.

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