| Entity | Document Type | Tax ID |
|---|---|---|
| American Forests | Audited Financial Statements | 53-0196544 |
| American Forests | IRS Form 990 | 53-0196544 |
|
Entity: American Forests Document Type: Audited Financial Statements Tax ID: 53-0196544 |
|
Entity: American Forests Document Type: IRS Form 990 Tax ID: 53-0196544 |
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | James Daley | President / CEO | $430,290 |
| 2 | Peter Hutchins | Chief Operating Officer | $265,778 |
| 3 | Rebecca Turner | Chief Strategy Officer | $263,344 |
|
1 Name: James Daley Title: President / CEO Compensation: $430,290 |
|
2 Name: Peter Hutchins Title: Chief Operating Officer Compensation: $265,778 |
|
3 Name: Rebecca Turner Title: Chief Strategy Officer Compensation: $263,344 |
According to the American Forests (AF) audit of September 30, 2023 (Note 15, Results of Operations): "During the year ended September 30, 2023, AF experienced a net operating loss of $1,197,901, reducing the net assets balance to $13,037,363 at September 30, 2023. AF's total net assets remains positive; however, the loss is mainly recognized in the net assets without donor restrictions, resulting in a net deficit in net assets without donor restrictions of $1,509,948 at September 30, 2023. AF's net assets with donor restrictions at September 30, 2023 retain a positive balance, and management continues to adhere to proper spending on the restricted funds. As AF continues to grow and expand its sources of revenue, it is expected to rebuild all of its reserves in future years to positive levels of reserves and net asset balances. The financial statements do not include any adjustments that may be necessary if AF is unable to continue as a going concern." |
According to the American Forests tax filing for the fiscal year-ended September 30, 2023, American Forests reports re: Compensation, Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (IRS Form 990, Schedule J, Part II): American Forests reports providing "bonus and incentive compensation" to one individual in the fiscal year-ended September 30, 2023: Rekha Patricio, VP, Marketing & Communications, received $10,000 with total reported compensation of $252,131. |
According to the American Forests (AF) audit of September 30, 2023 (Note 2 re: Revenue Recognition, Revenue Accounted for in Accordance with Contribution Accounting): "...Contributed services principally consist of legal, web hosting, membership, and restoration planning services, and totaled $0 and $68,780 for the years ended September 30, 2023, and 2022, respectively. In addition, AF was awarded a grant for free online advertising services. These services are valued at fair market value and are recognized in contributions revenue and advertising expenses. The total value of donated advertising services was $166,767 and $156,015 for the years ended September 30, 2023, and 2022, respectively." [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 on the Our Process page.] |
According to the American Forests (AF) audit of September 30, 2023 (Note 13, Commitments and Contingencies, Employment Agreement): "AF has a signed employment agreement with the President and Chief Executive Officer that contains terms that require a severance payment upon the occurrence of certain contractual events." |
According to the American Forests (AF) audit of September 30, 2023 (Note 4, Concentrations of Risk, Revenue Risk): "AF received a substantial portion of its revenue and support from two sources during the year ended September 30, 2023, which represented 29% of AF's total revenue and support. There was no revenue concentration in sources for the year ended September 30, 2022." |
