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 Bob Woodruff Family Foundation (BWF) 2014 tax filing, there is a family relationship between one BWF co-chairman, Dave Woodruff, and the vice president, Lee Woodruff. The related co-chairman and vice president, in addition to being officers of the organization, are also directors/trustees. |
In addition, the executive director, Anne Marie Dougherty, and the director of operations and finance, Kevin Dougherty, are married.
In total, BWF reports having 7 officers, 5 of which are also directors/trustees, and an additional 9 directors/trustees who are not officers. (See BWF's 2014 IRS Form 990 Part VII, Section A, and Schedule O.)
|According to the Bob Woodruff Family Foundation (BWF) audit of December 31, 2014 (Note 2):|
"Sixty-six [66%] and fifty percent [50%] of BWF's revenue for the years ended December 31, 2014 and 2013, respectively, is from special events revenue from the Stand Up for Heroes events that BWF holds annually."