CharityWatch REPORT
Issued April 2016

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 PKD Foundation audit of June 30, 2015, Note 10, Concentrations:

"Approximately 13% of the Foundation's revenue for the year ended June 30, 2015 was from one donor."
According to the PKD Foundation audit of June 30, 2015, Note 9, Contractual Services:

"The Foundation contracted with Insperity in a client service agreement effective July 1, 2008 to engage in a co-employment relationship with the Foundation. Insperity provided personnel management services to the Foundation's employees including payment of salaries, wages, payroll taxes, employee benefits, and procurement of workers' compensation insurance and administration of claims. The Foundation paid $252,645 and $2,548,718 including salaries, benefits, and services to Insperity for the years ended June 30, 2015 and 2014, respectively. The Foundation terminated this agreement in August 2014."

"The Foundation contracted with ADP Totalsource, Inc. (ADP) in a client service agreement effective August 1, 2014 to engage in a co-employment relationship with the Foundation. ADP provides personnel management services to the Foundation's employees including payment of salaries, wages, payroll taxes, employee benefits, and procurement of workers' compensation insurance and administrative claims. The Foundation paid $2,257,369 including salaries, benefits, and services to ADP for the year ended June 30, 2015."

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