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.
|CharityWatch's rating of Conservation International Foundation (CI) also includes the operations of 11 CI affiliates: CI-Brazil, CI-Europe in Belgium, CI-Guyana, CI-Hong Kong, CI-Japan, CI-Mexico, CI-New Zealand, CI-Philippines, CI-Singapore, CI-Suriname, and Conservation South Africa. These affiliates are consolidated in CI's audited financial statements for the fiscal year ended June 30, 2017.|
According to Note 1 of the CI fiscal 2017 consolidated audit: "All of the aforementioned [affiliated] organizations are separately incorporated in their respective countries. Due to the significant amount of oversight and support (financial and programmatic) provided by CI, their financial activities have been consolidated with CI's financial activities." All transactions between CI and its affiliates have been eliminated in the audit consolidation.
|According to the Conservation International Foundation (CI) consolidated audit of June 30, 2017 (Note 4, Grants and Promises to Give Receivable):|
"... CI's ten largest contributors during the year ended June 30, 2017, comprised approximately 45% or $71,096,000 of total revenue and support..."
|According to the Conservation International Foundation (CI) tax filing for the fiscal year ended June 30, 2017, CI reports for Business Transactions Involving Interested Persons, a transaction in the amount of $156,112 paid to "His Excellency Anote Tong," with a reported relationship of "Board Member - Emeritus," and a description of the transaction being "distinguished fellow stipend" (IRS Form 990, Schedule L, Parts IV & V).|
|According to the Conservation International Foundation (CI) tax filing for the fiscal year ended June 30, 2017, CI reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III):|
Regarding severance payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 4A):
"Severance payments were made to employees during the calendar year ending 12/31/2016. These amounts have been properly reported in Part VII of the Form 990 [Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors]. Details of the transactions and the confidential severance agreements are available to the IRS upon request."
Regarding nonfixed payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 7):
"CI's variable pay plan seeks to drive executive excellence by linking a portion of their compensation to meeting established achievement measures. CI determines executive compensation based on annual market analysis performed by a firm specializing in non-profit compensation. Base salaries are set net of anticipated variable pay. Executives receive the balance of their compensation, in the form of variable pay, based upon the organization's documented performance against its approved annual goals, as well as their individual performance against their approved deliverables. A sub-committee of CI's board of directors reviews and approves executive compensation levels including annual variable pay."
CI reports "Bonus & incentive compensation" payments for 15 individuals in calendar year 2016 (IRS Form 990, Schedule J, Part II). The individuals with the five highest reported "Bonus & incentive compensation" amounts are:
(1) Peter Seligmann, Chair of Board & CEO: $175,175, with reported total compensation of $643,734;
(2) Russell Mittermeier, Executive Vice Chair: $96,985, with reported total compensation of $443,137;
(3) Jennifer Morris, Chief Operating Officer: $90,563, with reported total compensation of $429,130;
(4) Sanjayan Muttulingam, Exec. VP - Campaign & Strategy: $60,536, with reported total compensation of $380,365; and
(5) Gregory Stone, Exec. VP - MCSO: $46,068, with reported total compensation of $313,059.
For the remaining 10 individuals reported by CI on IRS Form 990, Schedule J, Part II, nine have reported "Bonus & incentive compensation" amounts that range from $40,875 to $31,892, associated with reported total compensation that ranges from $376,004 to $271,768; and one has $9,085 in reported "Bonus & incentive compensation," with reported total compensation of $189,836.