CharityWatch's rating of National 4-H Council also includes the financial activities of the controlled affiliates consolidated in the National 4-H Council's audited financial statements for the fiscal year ended February 28, 2023. Each of the controlled affiliates included in CharityWatch's rating of National 4-H Council is organized as a 501(c)(3) public charity; the controlled affiliates are: (1) National 4-H Activities Foundation; (2) National 4-H Congress Foundation; and (3) Global Clover Network, Inc. (formerly National 4-H Foundation for Innovation, Inc.). All significant transactions between the organizations, including all inter-organization balances, have been eliminated in the audit consolidation. |
According to the National 4-H Council 2023 tax filing, the Council reports re: Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (IRS Form 990, Schedule J, Part II): The Council reports "Bonus & incentive compensation" payments to 11 individuals in 2023, including: (1) $30,797 paid to Jennifer Sirangelo, President & CEO, and (2) $20,000 paid to Yi Tang, SVP, Chief Fin & Admin Officer through 03/31. Their reported total compensation in 2023 was $681,235 and $401,297, respectively. The remaining nine bonuses paid out ranged from $11.000 to $2,000 with total compensation ranging from $417,433 to $187,963.
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According to the National 4-H Council consolidated audit of February 28, 2023 (Note 14, Commitments and Contingencies): "Council has entered into various hotel contracts for its events. Should an event be cancelled for reasons not excepted in the agreements, Council may be liable for penalties up to the amount of $650,000. At any given time, Council may be involved in various claims or administrative matters. Management believes that at February 28, 2023, any liability that results from resolving these matters will not materially impact Council's consolidated financial position."
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