CharityWatch's rating of The American Society for the Prevention of Cruelty to Animals (ASPCA) also includes the financial activities of ASPCA Veterinary Services of North Carolina, P.C., which are included in the ASPCA audited consolidated financial statements for the year ended December 31, 2018. All significant intercompany balances and transactions have been eliminated in the audit consolidation. ASPCA and ASPCA Veterinary Services of North Carolina, P.C. are each organized as a 501(c)(3) public charity entity.
According to the ASPCA consolidated audit of December 31, 2018 (Note 1, Description of the Organization):
"ASPCA Veterinary Services of North Carolina, P.C. is a professional corporation that provides the veterinary services of qualified, licensed veterinarians exclusively to the ASPCA in North Carolina. ... This corporation was formed pursuant to the North Carolina Veterinary Practice Act, which forbids the ownership of any veterinary practice in North Carolina by corporations, other than duly-registered professional corporations. ASPCA is the manager of ASPCA Veterinary Services of North Carolina, P.C. per a management services agreement."
According to The American Society for the Prevention of Cruelty to Animals (ASPCA) 2018 tax filing, ASPCA reports receiving contributions of gifts-in-kind on which it placed a total value of $858,647 (IRS Form 990, Schedule M). The value consists of approximately $852,000 in contributed services and approximately $6,000 "primarily in pet supplies," according to the ASPCA 2018 consolidated audit (Note 2 re: Revenue Recognition).
[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 Society for the Prevention of Cruelty to Animals (ASPCA) 2018 tax filing, ASPCA reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III):
Regarding nonfixed payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 7):
"The following employees received discretionary, non-fixed payments that are reported in Schedule J, Part II, Column B(ii) [as 'Bonus & incentive compensation']. The discretionary non-fixed payments are determined based on the performance evaluation process:
Matthew Bershadker $200,000
Todd Hendricks $25,000
Elizabeth Estroff $15,000
Sarah Levin Goodstine $10,000
Stacy Wolf $10,000
Bert Troughton $10,000
Stephen J. Musso $8,726"
The reported titles and total compensation in 2018 for the above individuals are: (1) Matthew Bershadker -- President & CEO, $769,526; (2) Todd Hendricks -- SVP, Development, $401,526; (3) Elizabeth Estroff -- SVP, Communications, $384,653; (4) Sarah Levin Goodstine -- SVP, Operations & Strategy, $381,582; (5) Stacy Wolf -- SVP, Policy Response & Engagement, $321,685; (6) Bert Troughton -- SVP, Shelter & Veterinary Services, $342,150; and (7) Stephen J. Musso -- EVP, Capital Projects & Facilities, $308,153 (IRS Form 990, Schedule J, Part II).