CharityWatch REPORT
Issued September 2016

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 Give Kids the World audit of December 31, 2015 (Note J, Related Party Transactions):

"From time-to-time, the Organization engages in transactions with individuals who have family relationships with Board members or management or with companies in which Board members or management have ownership interests. Independent members of the Organization's Board of Directors approved the transactions after considering the terms of comparable services. During 2015 and 2014, the Organization paid approximately $75,000 and $62,000, respectively, for consulting and other services and approximately $25,000 and $27,000, respectively, for legal services to such parties [resulting in a total paid to related parties of approximately $100,000 during 2015]."

The Give Kids the World 2015 tax filing reports that $52,764 of the Organization's related party transactions include payments made to the President's son for "Contracted web development services" in 2015 (IRS Form 990 Schedule L).
According to the Give Kids the World audit of December 31, 2015 (Note I, Contributions -- Noncash):

"The Organization receives donations from several central Florida theme parks which consist of tickets, onsite parking, character visits, family photographs while visiting the parks, and more. The Organization also receives donations of toys and family gifts, food and beverages, family transportation, and other similar donations from individuals and corporate partners..."

Give Kids the World reports receiving total donated in-kind contributions valued at approximately $31.1 million in 2015, including approximately $25.8 million in "Theme park attraction tickets, parking, and photos" and approximately $2.3 million in "Toys and family gifts."

[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 Give Kids the World audit of December 31, 2015 (Note L, Commitments):

"At December 31, 2015, the Organization was a party to several contracts totaling approximately $6,840,000 related to its capital expansion, including infrastructure development, facilities construction, and construction-related services. Approximately $6,600,000 remained unpaid as of December 31, 2015 and will be paid as construction is completed."

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