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 Unbound does not include the financial activities of the 36 project offices in 18 countries with which it partners.|
According to the Unbound consolidated audit of December 31, 2017 (Note 1, Nature of Operations):
"Unbound also partners with 36 project offices in 18 countries to administer the various organization programs. Because Unbound does not exercise control over the project offices, the operations of the project offices are not consolidated in Unbound's [audited] consolidated financial statements..."
|According to the Unbound 2017 tax filing re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III):|
"In 2017, Anabella Wasserman, wife of Scott Wasserman, President/CEO of Unbound, traveled internationally with Mr. Wasserman and other Unbound staff to participate in project mentoring/monitoring and sponsor awareness trips to various Unbound projects. Unbound compensated Ms. Wasserman for her time as an independent contractor and paid for her airfare because her participation was for bona fide business purposes. Ms. Wasserman's long standing relationship with Unbound, previous involvement leading several church mission trips, being a native of Guatemala and being bi-lingual are just a few of the many attributes that enable her to work successfully and to help Unbound build meaningful relationships with project staff, awareness trip participants and sponsored families."