According to the National Audubon Society consolidated audit of June 30, 2020 (Note 1, Organization and Nature of Activities):
"Audubon is a powerful distributed network of 22 state and regional offices, 34 nature centers, 23 sanctuaries, 452 independent chapters, and international partners throughout the hemisphere. In addition, Audubon is currently in the process of establishing additional chapters at more than 150 college campuses across the United States..."
Audubon's 452 independent chapters throughout the United States are not included in its audited consolidated financial statements "since such chapters are independent organizations," according to Note 1 of Audubon's fiscal 2020 consolidated audit. As such, these 452 independent chapters are not included in CharityWatch's rating of National Audubon Society.
The rating also does not include the financial activities of the Society's related 501(c)(4) tax-exempt, social welfare organization, National Audubon Society Action Fund (Action Fund). The Action Fund "was established in July 2018 to build public demand for policy solutions that address the greatest conservation challenges for birds and people," according to Note 1 of Audubon's fiscal 2020 consolidated audit. The Action Fund reported only $173,336 in total revenue in fiscal 2020, according to Note 13 of the consolidated audit. Given the National Audubon Society Action Fund's small size, CharityWatch does not provide a separate rating for it at this time.
CharityWatch separates the ratings for 501(c)(3) & 501(c)(4) organizations, even when they are included together in a consolidated audit, due to their differing treatments under the IRS tax code. For more information on this topic, please see our sections on Types of Non-Profits, Tax Status, and Treatment of Related Organizations, which can be found on the Our Process page.
For more information about things to consider when donating to organizations that have related public charity and social welfare entities, read "Sorting Out Nonprofit Pairs" in the "Articles & Alerts" section, below.
According to the National Audubon Society consolidated audit of June 30, 2020 (Note 9, Commitments and Contingencies):
"Audubon is in the process of developing and improving several nature centers, which are in various stages of completion. As of June 30, 2020 and 2019, Audubon had remaining commitments on construction and related agreements amounting to approximately $1,319,000 and $4,388,000, respectively."
"Audubon is invested in several limited partnerships under which Audubon is committed to make capital contributions in future periods totaling approximately $23,220,080 and $18,315,000 as of June 30, 2020 and 2019, respectively."
According to the National Audubon Society tax filing for the fiscal year ended June 30, 2020, Audubon 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):
"Audubon budgets an annual bonus pool for all employees (not just those individuals reported on the 990). Bonuses are awarded based on merit and are at the discretion of management or the board. As a retention incentive, Chief Conservation Officer, David O'Neill, earned a $50,000 bonus in 2019 based on achievement of various performance targets.
"At the end of 2016, Audubon drafted a 3-year retention agreement for the President/CEO, David Yarnold, with input from an outside compensation consultant and based on a market survey. The retention agreement provided for a potential $100,000 for each year from FY17–FY19 and an additional incentive of up to $150,000. In recognition of his outstanding commitment to, and work on behalf of Audubon, the President/CEO received a $427,500 bonus in 2019 under this 3-year retention agreement. The bonus was authorized and approved by the compensation committee. Annually, the compensation committee of Audubon's board of directors reviews the performance and compensation of Audubon's President/CEO. Their deliberations and decisions are memorialized in writing when made." [Note: D. Yarnold's total 'Bonus & incentive compensation' reported on Schedule J, Part II is $527,500. See below for more.]
Audubon reports "Bonus & incentive compensation" payments to 13 individuals in calendar year 2019, including $527,500 and $50,000 paid to David M. Yarnold, President & CEO, and David J. O'Neill, Chief Conservation Officer, respectively. Their reported total compensation in 2019 is $1,153,346 and $399,804, respectively. The reported "Bonus & incentive compensation" amounts for the other 11 individuals ranged from $20,000 to $3,000, with associated total compensation ranging from $410,538 to $240,966 (IRS Form 990, Schedule J, Part II).