According to the Best Friends Animal Society (BFAS) audited Consolidated Statement of Activities for the year ended September 30, 2024, BFAS received donations in-kind on which it placed a value of $146,197,635. The donations in-kind included approximately $141,958,687 of "in-kind advertising in the form of television, radio, or other media" received during fiscal 2024, according to the consolidated audit (Note 1, RE: Contributed Goods and Services). CharityWatch's adjusted total of in-kind donations received during fiscal 2024 is $144,636,798. The adjustments used to arrive at this figure are primarily due to the monetization of certain in-kind donations shortly after receipt, according to the consolidated audit (Note 1, RE: Contributed Goods and Services). [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.]
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According to the Best Friends Animal Society consolidated audit of September 30, 2024 (Note 12, Other Liability - 5 Acres Agreement): "For a number of years, the Board of Directors of Best Friends has allowed certain founders to each occupy 5 acres of land owned by Best Friends for the purpose of constructing private residences under the terms of the 5 Acres Agreement. The qualifying founders are those who served long and faithfully in the mission of Best Friends for relatively little material reward. The qualifying founders are responsible for the payment of rent and for all costs of construction and maintenance of the residences. Qualifying founders have the use of the land but have no ownership interest in it. Best Friends retains ownership of the land and also control of who uses it for residential purposes. When a 5-acre parcel becomes vacant or at the option of a founder, Best Friends will purchase the residence at the appraised replacement cost. Best Friends will assume and pay any financing related to the structure to the extent the amount outstanding is less than the replacement cost. If there is no such financing, the replacement cost is paid in full within one year to the estate of a deceased occupant or to the occupant if the occupant's employment terminates. Management has estimated the liability for these future purchases, which is included in the consolidated statements of financial position, based on factors such as: county market values, annual property appreciation, life expectancy, and a present value discount rate of 3%. A corresponding other asset, reflected in the consolidated statements of financial position, is recognized in connection with the liability. Furthermore, given the unique circumstances, it is possible that a significant portion of the qualifying founders will bequeath their residences to Best Friends upon death. Under such circumstances, Best Friends would not be required to purchase the residence."
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According to the Best Friends Animal Society consolidated audit of September 30, 2024 (Note 17, Commitments and Contingencies, Founder Post Employment Services Agreement): "On April 29, 2011, the Board of Directors approved a 'Post Employment Services Agreement' (Agreement) that replaced a Founders Retirement Program. This Agreement was established to formalize the continued contributions that founders (no longer working full-time at Best Friends) make, plus provide them a forum directly with the Board. Participants of the Program provide services to Best Friends under their Post Employment Services Agreement. In exchange for the related services, the participating founders are entitled to bi-monthly payments as per the Post Employment Services Agreement. All founders who are no longer employed full-time by Best Friends are eligible to participate in this service-based agreement if they choose to do so. Ten founders were active under this program during the years ended September 30, 2024 and 2023, and received compensation totaling $523,042 and $574,557, respectively, under the Post Employment Services Agreement." |
BFAS reports "Bonus & incentive compensation" payments to nineteen individuals in fiscal 2024. Karen Gallardo, Sr. Director, Major & Planned Giving, received $28,217 of bonus and incentive compensation, with total reported compensation of $282,164. The remaining individuals received $1,000 to $27,000, with total reported compensation ranging from $192,139 to $534,208 (IRS Form 990, Schedule J, Part II) |
According to the Best Friends Animal Society (BFAS) tax filing for the fiscal year ended September 30, 2024, BFAS paid "employee compensation" to five "interested persons," all of whom are reported as having either a family or spousal relationship with a BFAS board member or officer. The per employee compensation paid ranged from $62,386 to $248,999 and totaled to $656,714 (IRS Form 990, Schedule L, Parts IV & V). |
According to the Best Friends Animal Society (BFAS) tax filing for the fiscal year ended September 30, 2024, BFAS reports re: Supplemental Information for Form 990 or 990-EZ (IRS Form 990, Schedule O): Regarding Form 990, Part VI, Section A, Line 2: "Anne Mejia, Secretary and Cyrus Mejia, Board Member, are husband and wife. Gregory Castle, Co-Founder/Internal Consultant and Julie Castle, CEO are husband and wife." Anne (Bernadette) and Cyrus Mejia, Co-Founders, are both reported as Directors. Gregory and Julie (Julianne) Castle, Co-Founder & CEO, respectively, are both reported as Directors, with Julianne Castle also serving as an Officer (IRS Form 990, Part VII, Section A). BFAS reports having 12 voting members on its governing body at the end of fiscal 2024, with 7 members being reported as independent (IRS Form 990, Part VI, Section A, lines 1a & 1b).
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