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 National Kidney Foundation audit of March 31, 2018 (Note 1, Nature of Organization):

"...The Foundation has a chartered network of 10 affiliated organizations (Affiliates) and 29 regional offices as of March 31, 2018 across the country to implement its mission... Under the provisions of a charter with the Foundation, each Affiliate must meet certain requirements regarding organizational structure, program services, and fundraising."

CharityWatch's rating of the National Kidney Foundation does not include the financial activities of its 10 Affiliates.

As described in the National Kidney Foundation (NKF) fiscal 2018 tax filing: "...The Affiliates are separate legal entities (not controlled by NKF) which in tandem with the Foundation help implement its mission... NKF and its Affiliates have agreements under which a portion of contributions received by Affiliates is shared with NKF for the express purpose of fulfilling its mission" (IRS Form 990, Schedule O).
According to the National Kidney Foundation audit of March 31, 2018 (Note 1, Nature of Organization):

"On June 15, 2017, the Board of Directors of the National Kidney Foundation of Maryland, Inc. (NKF Maryland) voted to become a division of the Foundation. On August 31, 2017, all activities of NKF Maryland ceased with the exceptions of administrative actions necessary to terminate NKF Maryland's charter and distribute the remaining assets to the Foundation, all of which were accomplished on or before March 31, 2018.

"On December 15, 2016, the Board of Directors of the National Kidney Foundation of West Tennessee (NKF West Tennessee) voted to become a division of the Foundation. On July 31, 2017, all activities of NKF West Tennessee ceased with the exception of administrative actions necessary to terminate NKF West Tennessee's charter and distribute the remaining assets to the Foundation, all of which were accomplished on or before March 31, 2018."


Also according to the National Kidney Foundation audit of March 31, 2018 (Note 15, Inherent Contribution):

"As previously referred to in Note 1 [cited above], the Foundation acquired control of NKF Maryland and NKF West Tennessee. This transaction was affected without the transfer of consideration, and as such, the net assets of NKF Maryland as of August 31, 2017, and NKF West Tennessee as of July 31, 2017, totaling $2,640,664, were contributed to the Foundation and were recognized in the accompanying [audited] balance sheet..."
According to the National Kidney Foundation (NKF) tax filing for the fiscal year ended March 31, 2018, NKF 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):

"Eric Albrecht, VP, Events Development & Sports Marketing thru October of 2017, received severance payments totaling $14,263..."


Regarding nonfixed payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 7):

"Schedule J, Part II, Column (B)(ii) ['Bonus & incentive compensation'] reports discretionary incentive amounts that were approved by the board based upon performance."


NKF reports "Bonus & incentive compensation" payments to two individuals in the following amounts in calendar year 2017 (IRS Form 990, Schedule J, Part II):

(1) Eric Albrecht, VP, Events Development & Sports Mktg. (thru 10/17): $45,896, with reported total compensation of $237,006; and
(2) Karin Buchholz, Senior VP, Development: $1,000, with reported total compensation of $245,150.

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