Jane Goodall Institute

According to the Jane Goodall Institute combined audit of December 31, 2021 (Note 1 re: Revenue recognition, Contributions and grants), the Institute received in-kind donated software licenses in 2021 on which it placed a total value of $467,251.

[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 Jane Goodall Institute combined audit of December 31, 2021 (Note 5, Note Payable):

"On April 21, 2020, the Institute received loan proceeds in the amount of $793,400 under the Paycheck Protection Program. The promissory note bore an interest rate of 1% per year and called for monthly principal and interest payments amortized over the term of the promissory note with a deferral of payments for the first six months. The Institute applied for forgiveness of the loan after completing the 24 week spending period. In January 2021, the Institute received notification that the loan had been forgiven in full by the Small Business Administration. The loan forgiveness has been recorded as forgiveness of debt in the other items section in the accompanying [audited] Combined Statement of Activities and Change in Net Assets.

"On March 16, 2021, the Institute received loan proceeds in the amount of $751,109 under the Paycheck Protection Program. The promissory note bears interest at a rate of 1.00% per year and calls for monthly principal and interest payments amortized over the term of the promissory note with a deferral of payments until ten months after completion the 24 week spending period. Under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the promissory note may be forgiven by the Small Business Administration in whole or in part. As discussed in Note 15 [cited in part, below], subsequent to year-end, the Institute received notification that the loan had been forgiven in full. Accordingly, the balance of the loan will be recognized as revenue from forgiveness of debt in the 2022 financial statements."

According to the Jane Goodall Institute combined audit of December 31, 2021 (Note 15, Subsequent Events):

"As discussed in Note 5 [cited, above], on July 20, 2022, the Institute received notice that their second Payroll Protection Program Act loan had been forgiven in full. Accordingly, the balance of the loan will be recognized as revenue from forgiveness of debt in the 2022 financial statements."

According to the Jane Goodall Institute combined audit of December 31, 2021 (Note 1 re: Investment risks and uncertainties):

"The Institute invests in various investment securities. Investment securities are exposed to various risks such as interest rates, market, foreign exchange, and credit risks.

"Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the [audited] combined financial statements."

According to the Jane Goodall Institute (JGI) 2021 tax filing, JGI 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):

"Shanae [sic] Burgess received severance of $47,575."

Shenae Burgess is reported as "CFO (until 08/2021)," with reported total compensation in 2021 of $169,330 (IRS Form 990, Schedule J, Part II).