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 Ovarian Cancer Research Fund Alliance consolidated audit of December 31, 2017 (Note 1, Nature of Operations):|
"The Ovarian Cancer Research Fund, Inc. D/B/A Ovarian Cancer Research Fund Alliance ('OCRFA') is a corporation which was organized in the State of New York as a not-for-profit entity on December 8, 1994. OCRFA previously operated as the Ovarian Cancer Research Fund, Inc. ('OCRF'), and adopted its present name on January 1, 2016, the date on which the operations of the Ovarian Cancer National Alliance ('OCNA') were merged with OCRF's by the transfer of all of the operating assets and liabilities of OCNA to OCRFA. As a result of the transaction, OCRFA acquired, on a consolidated basis, net assets of $992,635, of which $348,020 were temporarily restricted."
CharityWatch's rating of Ovarian Cancer Research Alliance for the fiscal year ended 12/31/17 is based on the financial activities of the consolidated entity that resulted from the merger between OCRF and OCNA.
|According to the Ovarian Cancer Research Fund Alliance consolidated audit of December 31, 2017 (Note 2, Concentrations of Credit Risk):|
"Included in the contributions of $6,526,826 for the year ended December 31, 2017 is a donation from the late Sol Schreiber, the founder of OCRF [Ovarian Cancer Research Fund], totaling approximately $1,300,000." [The $1,300,000 is about 20% of $6,526,826.]
|According to the Ovarian Cancer Research Fund Alliance consolidated audit of December 31, 2017 (Note 1, Contributed Services), the Alliance received in-kind contributed services in 2017 for "advertising services and professional fees" on which it placed a total value of $539,382.|
[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 "Criteria & Methodology" under "About Us" on the navigation header.]