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Breast Cancer Outreach Foundation (DISSOLVED)

CharityWatch report issued
July 2016

 
NOT
RATABLE
CharityWatch Grade
 

Large Asset Reserves

Donors may want to consider a charity's asset reserves when making giving decisions. A charity with a negative fund balance may lack financial stability, while a charity with a very high level of assets in reserve may not use your donation for many, many years into the future.

Breast Cancer Outreach Foundation (DISSOLVED) has less than 3 years of assets in reserve

CharityWatch believes it is reasonable for a charity to hold less than three years worth of assets in reserve. See the High Asset List for a list of charities whose ratings have been reduced due to high assets, and CRITERIA to learn more about how CharityWatch considers a charity's asset reserves

Contact Information

Breast Cancer Outreach Foundation (DISSOLVED)
1613 E. Livingston Street
Suite 200
Orlando, FL 32803

Other Names

American Breast Cancer Fund
United Breast Cancer Fund

Tax Status

501(c)3

Stated Mission

To fund breast cancer diagnosis, treatment; to provide medicine and medical equipment to prevent, treat and eradicate breast cancer in the United States and worldwide.

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Data based on Fiscal Year Ended 12/31/2015

*Why Not Ratable?

CharityWatch is currently unable to rate this organization. This does not imply a negative or positive evaluation. Please see the Analysts' Notes section for a more detailed explanation.

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
Breast Cancer Outreach Foundation (DISSOLVED)
does not meet governance benchmarks.
 
Breast Cancer Outreach Foundation (DISSOLVED)
does not meet transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy

Unable to Provide Salaries

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.


CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.
CharityWatch is unable to provide a letter grade rating for Breast Cancer Outreach Foundation at this time given that the charity was formed in 2014 and does not yet have three years of financial reporting information available.

However, CharityWatch does want to make donors aware of Breast Cancer Outreach Foundation given its link to the F-rated charity, Help the Vets. Neil "Paul" Paulson Sr. is the President & Director of both charities, according to their respective 2015 IRS Form 990 filings. Additionally, the charities each share six out of seven board members, including Paul Paulson's mother and brother, with only a different one of Paulson's sons representing the uncommon board member (Neil Paulson Jr. for Breast Cancer Outreach & Brian Paulson for Help the Vets). Breast Cancer Outreach and Help the Vets also share the same address and phone number.

Donors also should be aware that Breast Cancer Outreach reported using three for-profit professional fundraisers that collectively retained over 90% of the funds raised on behalf of Breast Cancer Outreach in 2015, leaving only about 9% of the funds for the charity (IRS Form 990 Schedule G, Part I).

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