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 the National Urban League (National Office) is based on the League's audited consolidated financial statements for the fiscal year ended December 31, 2016, which also include the financial activities of the Urban Empowerment Fund.|
According to Note 1 of the League's 2016 consolidated audit:
"The Urban Empowerment Fund (UEF) is a tax-exempt community development financial institution that was incorporated in July 2011. The League obtained a controlling financial interest in UEF in March 2013. UEF is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Code... The net assets of UEF are not available for distribution to NUL [the National Urban League]."
|According to the National Urban League consolidated audit of December 31, 2016 (Note 8, Donated Services and Materials), the League received total donated materials and services in 2016 on which it placed a value of $7,060,978, including $6,028,716 of donated television airtime.|
[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 National Urban League consolidated audit of December 31, 2016 (Note 14, Related-Party Transactions):|
"Subcontract payments are made by the League to affiliates [separately incorporated, non-profit organizations] for their services in carrying out specific projects. In 2016 and 2015, subcontract payments to affiliates totaled $18,658,498 and $17,750,589, respectively."