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 Prevent Cancer Foundation audit of June 30, 2016 (Note 8), the Foundation received total in-kind contributions valued at $222,167 in fiscal 2016, including in-kind public service announcements valued at $127,167.|
[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 Prevent Cancer Foundation audit of June 30, 2016 (Note 17, Related party):|
"During the ordinary course of business for the years ended June 30, 2016 and 2015, the Foundation paid for legal services from a law firm of which a member of the board of directors is a partner."
[Note: No dollar amounts for the above referenced related party legal services are reported in the audit note or in the Foundation's IRS Form 990 filing for fiscal 2016. The Foundation reports having $18,501 and $15,772 in total Legal expenses, according to its audited Statement of Functional Expenses for the years ended June 30, 2016 and 2015, respectively.]