CharityWatch REPORT
Issued March 2017

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 Team Rubicon audit of December 31, 2015 (Note 2(h), Contributed Goods and Services):

"...During the year ended December 31, 2015 Team Rubicon received in-kind contributions of $1,347,351, which includes donated field communication equipment of $68,300 and other donated services of $1,279,051."

[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 Team Rubicon audit of December 31, 2015 (Note 8, Due from Affiliate):

"Team Rubicon Global is a nonprofit organization that incubates, launches, oversees and enables Team Rubicon organizations in countries around the world. ...Team Rubicon Global maintains brand control, shares stories, sets operating standards, and maintains strategic international relationships. Team Rubicon Global was co-founded by Team Rubicon's co-founders, who currently serve on the Boards of Directors of both organizations. Team Rubicon has provided funding to Team Rubicon Global and at December 31, 2015, the amount owed to Team Rubicon by Team Rubicon Global amounted to $257,189. $254,000 of this balance due will be repaid to Team Rubicon ratably over a one-and-a-half year period once Team Rubicon Global achieves certain revenue levels. The remaining balance due of $3,189 will be repaid during 2016."

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