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.
|According to the National Breast Cancer Coalition Fund (NBCC) audit of December 31, 2015 (Note 2, Related Party Transactions):|
"NBCC made a grant of $300,000 to the [National Breast Cancer] Coalition for the year ended December 31, 2015. The grant to the Coalition was used for general lobbying expenses..."
[Note: The National Breast Cancer Coalition is registered as a 501(c)(4) social welfare organization. The Coalition is not included in CharityWatch's rating of the National Breast Cancer Coalition Fund, a 501(c)(3) public charity. The Coalition is not rated separately by CharityWatch at this time given its relatively small size, with less than $140,000 in contributions raised in 2015.]
|According to the National Breast Cancer Coalition Fund (NBCC) audit of December 31, 2015 (Note 11, Concentrations):|
"... Two events, the New York Gala and LA Cabaret, made up approximately 35% of total revenue for the year ended December 31, 2015. For the year ended December 31, 2015, approximately 21% of total revenue was received from one donor."
|According to the National Breast Cancer Coalition Fund (NBCC) audit of December 31, 2015 (Note 9, Commitments):|
"As of December 31, 2015, NBCC has entered into agreements for services to provide accommodations for its events to be held through October 2016. The agreements contain clauses whereby NBCC is liable for liquidated damages in the event of cancellation. As of April 27, 2016, management of NBCC has estimated that the maximum possible amount of liquidated damages is approximately $276,000. Management does not believe any cancellations under these contracts will occur."
"NBCC has entered into a non-cancelable service contract with an internet services company through 2017. The future estimated commitment under this contract is approximately $92,000 and is payable in quarterly installments."