Humane League

According to The Humane League audit of December 31, 2019 (Note 3, Grants and Pledge Receivables):

"...Two contributors represented approximately 43 percent of total grants and contribution revenue."

According to The Humane League audit of December 31, 2019 (Note 9, Contract Commitments):

"The Organization has entered into a management contract for strategic services and consulting. The agreement is from September 15, 2017 to September 14, 2020. The future minimum payments are as follows...[$63,000 for the year ending December 31, 2020]."

According to The Humane League audit of December 31, 2019 (Note 10, Subsequent Events, Investments):

"Subsequent to year-end, the United States and global markets experienced significant declines in value resulting from uncertainty caused by the world-wide coronavirus pandemic. The Organization is closely monitoring its investment portfolio and its liquidity and is actively working to minimize the impact of these declines. The Organization's Financial Statements do not include adjustments to fair value that have resulted from these declines."

According to The Humane League audit of December 31, 2019 (Note 10, Subsequent Events, Paycheck Protection Program (PPP) Loan):

"The Organization applied for and was granted a $942,400 loan under the PPP administered by a Small Business Administration (SBA) approved partner. The loan is uncollateralized and is fully guaranteed by the Federal government. The loan accrues interest, but payments are not required to begin for six months to one year after the funding of the loan. The Organization is eligible for loan forgiveness of up to 100% of the loan, upon meeting certain requirements. The Organization intends to take measures to maximize the loan forgiveness but cannot reasonably determine the portion of the loan that will ultimately be forgiven."