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 Wounded Warrior Project (WWP) is based on its audited consolidated financial statements, which include the accounts of Wounded Warrior Project Long Term Support Trust.|
According to the WWP consolidated audit of September 30, 2016 (Note 1, Organization):
"The consolidated financial statements include Wounded Warrior Project, Inc. and Wounded Warrior Project Long Term Support Trust... Wounded Warrior Project Long Term Support Trust (the 'Trust') was established as a supporting organization on September 27, 2013 to provide the economic means for supportive services to maintain wounded warriors in settings that are as independent as possible, and to assist with long term care needs in the event of the warrior's separation from his or her current caregiver. The Trust is consolidated in accordance with authoritative guidance because, among other factors, WWP has the power to remove the Trustee and appoint a successor Trustee, and the Trust is operated, supervised, and controlled by WWP, its supported organization..."
"As of September 30, 2016, the Trust [had unrestricted] net assets of $93,363,083. ...From inception through September 30, 2016 WWP has transferred $91,834,100 to the Trust. An additional $1,019,900 in contributions for the Trust were received by WWP as of September 30, 2016 and will be transferred to the Trust in fiscal year 2017. Funds transferred into the Trust by WWP must be used for the purposes defined by the Trust, and cannot be returned to WWP..."
"...As of September 30, 2016, there have not been any distributions requested or made from the Trust."
|According to the Wounded Warrior Project consolidated audit of September 30, 2016 (Note 1, Organization):|
"In January 2016, negative media stories regarding the Organization prompted inquiries and requests for documents from Senator Grassley on behalf of the Committee on the Judiciary and from other parties. The Organization responded to these inquiries and requests, and management does not believe they will have a material adverse effect on the organization's financial position, results of operations or cash flows. There are no new matters to report regarding these inquiries and requests."
[NOTE: A link to the Senate Judiciary Committee's report on WWP, issued in May 2017, can be found via the "In the News" link titled, "Senate releases report criticizing Wounded Warrior Project's past spending" provided by clicking on the "Donor Alerts & Articles / Media" Tab above.]
|According to the Wounded Warrior Project (WWP) consolidated audit of September 30, 2016 (Note 8, In-Kind Contributions):|
WWP reported receiving total in-kind (non-cash) contributions valued at $68,158,381 in fiscal 2016, including $55,814,363 in donated "Public service announcements" & $4,660,558 in donated "Advertising and promotion."
[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 Wounded Warrior Project tax filing for the fiscal year-ended September 30, 2016:|
"Peter Gaytan received a severance payment in calendar year 2015 of $84,000..." (IRS Form 990, Schedule J, Part III).
Peter Gaytan is reported as the "VP Econ Empowermnt (thru 12/15)" and received total compensation, including the severance payment, of $287,170 in 2015 (IRS Form 990, Schedule J, Part II).