CharityWatch REPORT
Issued November 2018

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.

Note(s)
According to the Central Asia Institute audit of September 30, 2017 (Note 13, Concentrations):

"One of the Organization's donors accounted for approximately 51% and 32% of total contributions for the years ended September 30, 2017 and 2016, respectively."
According to the Central Asia Institute audit of September 30, 2017 (Note 12, Commitments):

"During the year ended September 30, 2016, the Organization entered into an agreement with a third party for consulting services. As of September 30, 2017, $218,000 remained committed, but not paid."
According to the Central Asia Institute (CAI) tax filing for the fiscal year-ended September 30, 2017, CAI reports receiving in-kind donated services and use of facilities on which it placed a value of $497,769 in fiscal 2017 (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 Central Asia Institute (CAI) tax filing for the fiscal year-ended September 30, 2016, CAI co-founder, Greg Mortenson, received severance pay in the amount of $40,000 during the 2015 calendar year. His total compensation in 2015 is reported as $231,748, including the severance pay (IRS Form 990, Schedule J, Parts II & III).

Additionally, Greg Mortenson is reported as CAI's "Highest compensated employee" in 2015. Mr. Mortenson was employed at CAI through January of 2016, which represented approximately four months of CAI's October 1, 2015 - September 30, 2016 fiscal year period (IRS Form 990, Part VII).*


* NOTE: For more related to Greg Mortenson's tenure at Central Asia Institute and CharityWatch's past concerns regarding Mr. Mortenson and CAI, please click on the "Donor Alerts & Articles / Media" tab (above).

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