| Entity | Document Type | Tax ID |
|---|---|---|
| Fisher House Foundation | Audited Financial Statements | 11-3158401 |
| Fisher House Foundation | IRS Form 990 | 11-3158401 |
|
Entity: Fisher House Foundation Document Type: Audited Financial Statements Tax ID: 11-3158401 |
|
Entity: Fisher House Foundation Document Type: IRS Form 990 Tax ID: 11-3158401 |
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | David A. Coker | President | $580,676 |
| 2 | Leticia Stropes | VP, Strategic Initiatives | $268,368 |
| 3 | Mary B. Considine | Chief of Staff | $265,680 |
|
1 Name: David A. Coker Title: President Compensation: $580,676 |
|
2 Name: Leticia Stropes Title: VP, Strategic Initiatives Compensation: $268,368 |
|
3 Name: Mary B. Considine Title: Chief of Staff Compensation: $265,680 |
As part of our financial analysis, CharityWatch makes certain adjustments to figures reported by a charity in its tax filing and/or audited financial statements to better reflect for donors how efficiently a charity is spending its donations. Fisher House Foundation constructs and furnishes houses for the purpose of providing temporary lodging for members of the armed services and their families receiving care in military and veterans hospitals. Constructed Fisher Houses are donated to various branches of the U.S. armed services and the Department of Veterans Affairs. Due to accounting rules, the millions of dollars the Foundation spends on constructing these houses, typically over a multi-year period, are not reported by the charity as a program expense in the years the funds are spent on construction. Rather, according to the Foundation's audit, "Costs of construction of Fisher Houses to be donated are capitalized [rather than included in program expenses] as incurred. All costs incurred in connection with the construction of the houses are expensed when the house is donated" (Note 1 re: Construction-in-progress). The result is that the Foundation appears to be spending less on programs during years of construction and more on programs in subsequent years when Fisher Houses are donated. CharityWatch understands that while these accounting rules are appropriate for audit and other financial reporting, taking them at face value when computing financial efficiency percentages for any single reporting year would produce volatile results that are not reflective of how efficiently or inefficiently Fisher House Foundation is operating. Therefore, we make adjustments to reported figures by including the Foundation's construction costs in its program percentage calculation in the year the funds are spent. Similarly, we subtract from reported program spending the funds the Foundation spent on construction in prior years. These adjustments produce program efficiency and fundraising ratios that are more helpful for donors who want to know how efficiently the charity is raising and spending public dollars in a given year. |
According to the Fisher House Foundation audited Statement of Activities and Change in Net Assets for the year ended December 31, 2023, the Foundation received in-kind "Contributions - nonfinancial assets" on which it placed a total value of $5,911,462. Included in the total amount of donated goods received in 2023 is "donated media and goods" on which the Foundation placed a value of $4,891,100, according to the Fisher House Foundation audit of December 31, 2023 (Note 1 re: Contributed Nonfinancial Assets). [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 Fisher House Foundation audit of December 31, 2023 (Note 9, Major Grantors and Donors): "For the year ended December 31, 2023, twenty-two donors and grantors accounted for 40% of the Foundation's revenue. For the year ended December 31, 2022, seventeen donors and grantors accounted for 34% of the Foundation's revenue..." |
According to the Fisher House Foundation (FHF) 2023 tax filing, FHF includes in its reporting for Compensation Information re: Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees, "Bonus & incentive compensation" paid to 11 individuals, including $158,000 paid to David A. Coker, President. David A. Coker's reported total compensation for 2023 is $580,676. The other ten reported "Bonus & incentive compensation" amounts are between $5,900 and $35,000, with associated total annual compensation of between $184,577 and $268,368 (IRS Form 990, Schedule J, Part II). |
According to the Fisher House Foundation (FHF) 2023 tax filing, FHF reports re: Supplemental Information to Form 990 or 990-EZ (IRS Form 990, Schedule O): Regarding family or business relationships among officers, directors, trustees, or key employees (IRS Form 990, Part VI, Section A, Line 2): "Relationship of Officers/Directors *Board Members Kenneth Fisher and Tammy Fisher have a family relationship. *Board Members Kenneth Fisher, Tammy Fisher and Crystal Fisher have a family relationship. *Board Members Kenneth Fisher and Winston Fisher have a family relationship *Board Members Gen. Richard Myers (Ret.) and Mary Jo Myers have a family relationship. *Kenneth Fisher, Winston Fisher and Martin Edelman have a business relationship." |
