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) 2016 tax filing, BWF reports receiving donated services and use of facilities in 2016 on which it placed a value of $1,355,683 (IRS Form 990, Schedule D, Part XI).|
[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 Bob Woodruff Family Foundation (BWF) 2016 tax filing, there is a "family relationship" between a BWF co-chairman/co-president, Dave Woodruff, and the vice president, Lee Woodruff. The related co-chairman/co-president and vice president, in addition to being officers of the organization, are also on the board of directors, which consisted of 16 total people in 2016. (See IRS Form 990, Part VII & Schedule O.)|
|According to the Bob Woodruff Family Foundation (BWF) audit of December 31, 2016 (Note 2, Concentration of Revenue):|
"Fifty-six  and fifty-four  percent of BWF's revenue for the years ended December 31, 2016 and 2015, respectively, is from special events revenue from the Stand Up for Heroes event that BWF holds annually."