CharityWatch's rating of Disabled American Veterans (DAV) includes the financial activities of the 501(c)(4) tax-exempt, social welfare organization (tax ID #31-0263158). Our rating of DAV does not include the financial activities of the following organizations, which are separately operated entities that are related to DAV, according to the DAV audit of December 31, 2021 (Note 12, Related-Party Transactions): – Disabled American Veterans National Service Foundation (the Foundation) – Disabled American Veterans (DAV) Charitable Service Trust* (the Trust) – Disabled American Veterans Auxiliary (DAVA) – Disabled Veterans' LIFE Memorial Foundation (DVLMF) According to audit Note 12, some members of DAV's Board of Directors also serve on the respective Board of Directors for each the Foundation, the Trust, and DVLMF. In addition, DAV "provides services to" and is "in the position to influence operating policies of" each of the four entities listed above. [*Note: CharityWatch issues a separate rating for the DAV Charitable Service Trust, a 501(c)(3) public charity.] |
According to the Disabled American Veterans (DAV) audited Statement of Activities for the year ended December 31, 2021, DAV received in-kind "Contributed media and materials—primarily media" and "Contributed services and facilities—primarily services" in 2021 on which it placed a value of approximately $95.3 million and $22.2 million, respectively. Of the $22.2 million in contributed services and facilities received, approximately $19.6 million consisted of volunteer services for the DAV Transportation Network and Local Veterans Assistance Program (LVAP), according to Audit Note 2 re: Contributed Services and Facilities. [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 Disabled American Veterans (DAV) audit of December 31, 2021 (Note 13, Commitments and Contingencies): "In September 2021, DAV entered into a real estate purchase agreement to sell its National Headquarters in Washington D.C. for a purchase price of $14,625,000, and subject to an increase of up to $16,125,000 if certain zoning approvals are received. This sale is expected to close in Q4 2022 or 2023, contingent upon various events outlined in the real estate purchase agreement. As of December 31, 2021, the property has a net book value of approximately $687,000. A gain on the sale is expected to be recorded upon the completion of the sale." |
According to the Disabled American Veterans (DAV) audit of December 31, 2021 (Note 2 re: Risk and Uncertainties): "In March 2020, the World Health Organization declared the outbreak of coronavirus (COVID-19) a pandemic. As a result, economic uncertainties have arisen which are likely to negatively impact DAV's financial position, cash flows, or results of operations. Other financial impact could occur though such potential impact is unknown at this time."
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According to the Disabled American Veterans (DAV) 2021 tax filing, DAV 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):
"DAV has a leadership incentive program that offers an additional percentage of annual base salary to about 60 employees – primarily key executives, directors and managers. The award percentage is based on the individual participant's position and the organization's measured success meeting 8 goals – one related to achievement of standard ratios...and 7 based [on] DAV strategic plan goals. The program was designed with assistance from an outside, independent consultant and approved by the board of directors."
DAV reports "Bonus & incentive compensation" payments for eight individuals in 2021, including $94,621 and $53,887 paid to Peter Dickinson, Senior Executive Advisor, and J. Marc Burgess, National Adjutant/CEO/Secretary, respectively. The reported total compensation in 2021 for P. Dickinson and J.M. Burgess is $359,303 and $591,176, respectively. The reported "Bonus & incentive compensation" amounts for the other six individuals ranges from $41,657 to $29,622, with associated reported total compensation in 2021 ranging from $575,733 to $293,791 (IRS Form 990, Schedule J, Part II). |