CharityWatch REPORT
Issued November 2018

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 Prevent Blindness for the fiscal year ended March 31, 2017 includes the financial activities of the National Society to Prevent Blindness (d/b/a Prevent Blindness), as well as the financial activities of the following Prevent Blindness Affiliates: (1) Prevent Blindness North Carolina; (2) Prevent Blindness Iowa; (3) Northern California Society to Prevent Blindness; (4) Prevent Blindness Wisconsin; (5) Prevent Blindness Texas; (6) Prevent Blindness Georgia; and (7) Prevent Blindness, Ohio Affiliate. Intercompany transactions have been eliminated in the audit combination.

"The Affiliates share a portion of their public support with Prevent Blindness in accordance with their affiliation agreements and are controlled by their local Boards of Directors," according to Note 1 of the Prevent Blindness & Affiliates fiscal 2017 combined audit.

According to Note 2 of the Prevent Blindness & Affiliates combined audit of March 31, 2017:

"In May 2016 and August 2016, Prevent Blindness Florida and Prevent Blindness Oklahoma, respectively, terminated their affiliation agreements with the National Society to Prevent Blindness. The financial information from these two affiliates has been excluded from the accompanying [audited] combined financial statements... For financial statement presentation purposes, Prevent Blindness excludes from combination any affiliates disaffiliating during the period presented in the combined financial statements or disaffiliating subsequent to the period presented but prior to issuance of the related combined financial statements."
According to the Prevent Blindness Iowa (PB Iowa) tax filing for the fiscal year ended March 31, 2017, PB Iowa reports for Business Transactions Involving Interested Persons that its board president is "employed by bank we use," and two of its board directors are "employed by 403b administer." The dollar amount associated with each of the transactions is reported as $0 (IRS Form 990, Schedule L, Part IV).
According to the Prevent Blindness Northern California (PB California) tax filing for the fiscal year ended March 31, 2017, PB California received donated eye glasses and lenses for glasses on which it placed a total value of $76,410 in fiscal 2017 (IRS Form 990, Schedule M).

In addition, according to the Prevent Blindness & Affiliates audited Combined Statement of Cash Flows for the year ended March 31, 2017, Prevent Blindness received donated equipment on which it placed a total value of $14,000.

[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".]

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