According to the Project HOPE 2018 tax filing, Project HOPE reports receiving in-kind contributions of drugs and medical supplies on which it placed a value of $34,732,708 (IRS Form 990, Schedule M). Project HOPE also reports receiving donated services and use of facilities in 2018 on which it placed a value of $2,012,191 (IRS Form 990, Schedule D, Part XI). [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.]
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According to the Project HOPE audit of December 31, 2018 (Note 12, Commitments and Contingencies, Employment agreements): "The Foundation has two employment agreements with its Chief Executive Officer and its President. In the event of termination, the Foundation may be required to pay severance totaling a maximum of six months of the annual salary, performance bonus and other benefits, as defined in the agreements."
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According to the Project HOPE 2018 tax filing, Project HOPE 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): "Performance based bonuses were paid during 2018."
Project HOPE reports "Bonus & incentive compensation" payments to two individuals in 2018: (1) Ann Marie Link, Senior Deputy Publisher, in the amount of $10,000; and (2) Steven Vincent Neri, Senior Regional Director, in the amount of $3,500. Their reported total compensation in 2018 is $193,209 and $212,464, respectively (IRS Form 990, Schedule J, Part II).
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