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 Guide Dog Foundation for the Blind is based on the consolidated audited financial statements of Guide Dog Foundation for the Blind and its related organization, America's VetDogs - The Veteran's K-9 Corps, Inc. Therefore, the rating includes the financial activities of: Guide Dog Foundation for the Blind (tax ID# 11-1687477) and America's VetDogs - The Veteran's K-9 Corps (tax ID# 20-8814368). Both organizations are 501(c)(3) public charities.|
|According to the Guide Dog Foundation for the Blind & America's VetDogs consolidated audit of June 30, 2016 (Note 7, Concentration of Credit Risk):|
"Approximately 42% of total bequests and legacies revenue recognized during the year ended June 30, 2016 [which totaled $7,172,312] was attributed to one donor..."
|According to the Guide Dog Foundation for the Blind tax filing for the fiscal year ended June 30, 2016 (IRS Form 990 Schedule J, Part III):|
"Guide Dog Foundation for the Blind, Inc. is a related organization of America's VetDogs - The Veteran's K-9 Corps. The compensation of the CEO and CFO that is reported in...Schedule J of this return represents total compensation for work performed on behalf of both organizations."
"CEO compensation reflects bonus/incentive compensation of $88,837, of which $72,170 is related to bonus/incentive compensation and $16,667 is related to a retention award. This bonus/incentive compensation was paid in calendar year 2015, and related to FY [fiscal year] 2015. CFO compensation reflects bonus/incentive compensation of $25,665 paid in calendar year 2015, and related to FY 2015."
According to the filing, the CEO and CFO received total compensation, including the above described bonus & incentive compensation, of $371,367 and $175,364, respectively, in calendar year 2015 (IRS Form 990 Schedule J, Part II).