According to the Bob Woodruff Family Foundation (BWF) audit of December 31, 2019 (Note 1 re: In-Kind Contributions), BWF reports receiving in-kind contributed goods and services in 2019 on which it placed a total value of $1,834,111. [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 Bob Woodruff Family Foundation (BWF) audit of December 31, 2019 (Note 2, Concentrations of Risk, Concentration of Revenue): "Twenty-six [26] and thirty-five [35] percent of BWF's revenue for the years ended December 31, 2019 and 2018, respectively, is from special event revenue from the Stand Up for Heroes event that BWF holds annually. "Total contribution revenue for the years ended December 31, 2019 and 2018, consists of 85% and 73% from two donors, respectively." |
According to the Bob Woodruff Family Foundation (BWF) 2019 tax filing re: the existence of a family or business relationship among officers, directors, trustees, or key employees (IRS Form 990, Part VI, Section A, line 2), BWF reports: "Dave Woodruff and Lee Woodruff – family relationship" (IRS Form 990, Schedule O).
BWF reports that Dave Woodruff is Co-Chairman, and Lee Woodruff is Vice President. In addition to being officers of the organization, they are also on the board of directors, which consisted of 14 people at year-end 2019 (IRS Form 990, Parts VI & VII). |
According to the Bob Woodruff Family Foundation (BWF) audit of December 31, 2019 (Note 11, Commitments, Hotel Agreement): "BWF entered into an agreement with a hotel for guest rooms, meeting space, food, and beverages for the 2020 annual Stand Up For Heroes event. "The minimum fee for guest rooms, meeting rooms, food, and beverage is $96,599. In the event the annual event is cancelled, BWF is required to pay liquidating damages for the amount of anticipated revenues lost by the hotel. The liquidating damage[s] will be prorated based on the timing of cancellation from the first contracted room arrival..." |
According to the Bob Woodruff Family Foundation (BWF) audit of December 31, 2019 (Note 1 re: Subsequent Events): "...The Coronavirus Disease 2019 (COVID-19) has recently affected global markets, supply chains, employees of companies, and our communities. Specific to BWF, COVID-19 may impact various parts of its 2020 operations and financial results including the amount of contributions that BWF will receive as a result. Management believes that BWF is taking appropriate actions to mitigate the negative impact. However, the full impact of COVID-19 is unknown and cannot be reasonably estimated as of December 31, 2019." |
According to the Bob Woodruff Family Foundation (BWF) 2019 tax filing, BWF reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III): Regarding severance payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 4a): "Stanley Kroder, severance payment, $13,333."
Regarding nonfixed payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 7): "Bonuses may be provided to employees at the discretion and approval of the Chief Executive Officer. The Chief Executive Officer's bonus would be approved by governance." BWF reports "Bonus & incentive compensation" payments to five individuals in 2019, including to Anne Marie Dougherty, Chief Executive Officer, in the amount of $117,500. Dougherty's reported total compensation in 2019 is $375,998. The other reported "Bonus & incentive compensation" amounts range from $56,250 to $28,125, with associated total compensation ranging from $287,393 to $167,049 (IRS Form 990, Schedule J, Part II).
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