| Entity | Document Type | Tax ID |
|---|---|---|
| American Foundation for Disabled Children | Audited Financial Statements | 13-3636844 |
| American Foundation for Disabled Children | IRS Form 990 | 13-3636844 |
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Entity: American Foundation for Disabled Children Document Type: Audited Financial Statements Tax ID: 13-3636844 |
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Entity: American Foundation for Disabled Children Document Type: IRS Form 990 Tax ID: 13-3636844 |
CharityWatch is unable to provide a range of Top Three Salaries for this charity for the above fiscal reporting year because we lack complete salary data for the organization. Except for officers, directors, and trustees, the IRS does not require breakouts of salaries totaling less than $100,000.
For example, XYZ charity would be required to provide a breakout in its tax form of compensation to its president of $55,000, but would not be required to provide a breakout of $99,000 in compensation to its top medical researcher if that person is not also an officer, director, or trustee of the organization.
This charity reports that compensation to its officers, directors, and trustees is under $100,000 per individual. Donors who would like to view limited salary data for this organization should refer to its tax form, which may be available on the charity's web site or from a number of third-party sources. See CharityWatch's Links page for information on obtaining copies of charity tax forms.
| According to the American Foundation for Disabled Children (AFDC) audit of June 30, 2014 (Note 8B): "AFDC's Board resolved to discontinue fundraising and continue operations through June 30, 2015 with the intent to discontinue operations over the next 12 months. Accordingly, AFDC terminated its fundraising contracts subsequent to June 30, 2014." |
| According to the American Foundation for Disabled Children (AFDC) audit of June 30, 2014 (Note 6): "AFDC engaged telemarketers and mail campaigns to solicit unrestricted support of the fiscal year ended June 30, 2014. The telemarketers are paid commissions based on the contributions collected. The commissions paid to telemarketers equals 90% of the gross collections... Commission expenses and fees related to fund-raiser's and fund-raising counsel's services for the fiscal year ended June 30, 2014 amounted to approximately $1,303,348." |
| According to the American Foundation for Disabled Children (AFDC) audit of June 30, 2014 (Note 8A): "The Organization utilizes professional fundraisers to perform fundraising in various states... The regulatory oversight on the fundraisers by the Internal Revenue Service and the states is unpredictable and occasionally requires AFDC to respond to inquiries from the IRS and various states' Attorney General. The Organization responded to recent inquiries by the IRS and NYS [New York State] Attorney General and there are currently no penalties or fees due to the IRS or any states at June 30, 2014." |
| According to the American Foundation for Disabled Children (AFDC) audit of June 30, 2014 (Note 5): "AFDC's management loaned on May 21, 2012 to a leasing company $100,000 which was unsecured and required 8% interest paid in monthly installments of $692 with the remaining principal payable May 21, 2014. The leasing company re-invested the $100,000 loan with an investment company. AFDC was notified by the leasing company that the loan was in partially uncollectible as the investment company filed for bankruptcy protection. The owner of the leasing company notified AFDC that the bankrupt investment firm made an offer of $46,000 in final settlement of the outstanding $100,000 principal. AFDC management decided to accept the $46,000 offer and recorded bad debt expense of $54,000 during the fiscal year ended June 30, 2014." |