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.
|On April 23, 2018, HealthRight International and the Peter C. Alderman Foundation announced that "they have merged in order to better meet the mental health needs of the marginalized communities they serve around the world," according to a news release on healthright.org.|
CharityWatch's rating of HealthRight International will not include the financial activities of the Peter C. Alderman Foundation until at least the year-end December 31, 2018 financial statements of HealthRight International become available to CharityWatch. CharityWatch does not provide a separate rating for the Peter C. Alderman Foundation.
[Click on the "Donor Alerts & Articles / Media" tab (above) for a link to the April 23rd, 2018 news release announcing the merger.]
|CharityWatch's rating of HealthRight International includes the financial activities of its wholly owned subsidiary, the Ukranian Foundation for Public Health, which is included in the HealthRight International audited consolidated financial statements for year end December 31, 2016.|
According to the HealthRight International consolidated audit of December 31, 2016 (Note 1, Nature of Operations):
"...The Organization owns a 100% interest in the Ukranian Foundation for Public Health..."
"...The Ukranian Foundation is a charitable organization incorporated by HealthRight in Ukraine and is regulated by the Constitution of Ukraine and the Law of Ukraine on charity and charitable organizations."
|According to the HealthRight International consolidated audit of December 31 2016 (Note 2, Donated Goods and Services), HealthRight International received contributed services (medical evaluations) during 2016 on which it placed a value of $172,515. |
[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 HealthRight International consolidated audit of December 31 2016 (Note 10, Affiliation Agreement):|
"The Organization entered into an Affiliation Agreement (the 'Agreement') with New York University ('NYU'), an unrelated not-for-profit education corporation in February 2014.
"The Agreement creates an affiliation between the Organization and NYU (the 'Affiliation') to work together to facilitate NYU faculty and student opportunities for applied research, an expanded curriculum, and enhanced in-service learning in the field of global public health. The Organization will benefit from the Affiliation by securing its U.S. operations, and gaining the involvement of specialists and researchers in its programs, with the Organization's belief that the presence of an operating global non-governmental, non-profit organization on a university campus is an innovative, exciting and cost-effective approach which offers both parties to this agreement expanded opportunities to accomplish their independent but complementary missions..."