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 Seva Foundation audit of June 30, 2016 (Note J), Seva reports receiving total in-kind contributions valued at $473,465 in fiscal 2016.|
[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 Seva Foundation audit of June 30, 2016 (Note M, Concentrations):|
"...For the year ended June 30, 2016, the Foundation had two donors representing approximately 35% of contribution revenue."
|According to the Seva Foundation tax filing for the fiscal year-ended June 30, 2016, Seva reports for Business Transactions Involving Interested Persons a transaction in the amount of $49,500 described as:|
"Former board member, David Green, is an owner of EMDA LLC. During the current year, EMDA was paid $49,500 for specific social enterprise projects including:
-- Capacity building consultation and planning;
-- Development of key volume indicators, and
-- Regional sustainability planning and feasibility studies.
This transaction was reviewed and approved in advance by independent board members. Fees were at market or discounted rates" (IRS Form 990, Schedule L, Parts IV & V).