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Top Rated

Save the Chimps

CharityWatch report issued
January 2022

Top-Rated Charity
A-
CharityWatch Grade
Our independent grade based
on a number of factors.
 
78%
Program Percentage
Amount spent on programs
relative to overhead.
 
$19
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Save the Chimps
PO Box 12220
Ft. Pierce, FL 34979

Other Names

None

Tax Status

501(c)3

Stated Mission

To provide sanctuary and exemplary care to chimpanzees in need.

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Data based on Fiscal Year Ended 12/31/2020

Program Percentage: 78%

The percentage of Save the Chimps's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$6,600,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $19

How many dollars Save the Chimps spends on fundraising to raise each $100 of contributions.

$5,300,000

Calculated Total Contributions

(rounded)

Joint Costs

Save the Chimps' rating was adjusted for Joint Costs. If you are a donor who considers direct mail, telemarketing, and other Joint Cost solicitations to be true charitable programs, the below efficiency ratios, which were not adjusted for joint costs, may better reflect your goals.

Program % Cost to Raise $100
80% $17
Accounting rules allow charities to report some telemarketing, direct mail, and other solicitation costs as Program expenses. CharityWatch believes that most donors do not consider a charity's solicitation activities to be the Programs they are intending to support with their donations. We therefore adjust such expenses out of a charity's reported Program expense and add it to Fundraising expense prior to calculating its rating.

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Save the Chimps IRS Form 990 65-0789748
Save the Chimps Audited Financial Statements 65-0789748
Entity: Save the Chimps
Document Type: IRS Form 990
Tax ID: 65-0789748
Entity: Save the Chimps
Document Type: Audited Financial Statements
Tax ID: 65-0789748

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
Save the Chimps
meets governance benchmarks.
 
Save the Chimps
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy Opt-Out Policy  

  Name Title Compensation
1 Valerie Kirk Director of Veterinary Services $124,645
2 Andrew Halloran Director of Chimpanzee Care $103,131
1
Name: Valerie Kirk
Title: Director of Veterinary Services
Compensation: $124,645
2
Name: Andrew Halloran
Title: Director of Chimpanzee Care
Compensation: $103,131

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

According to the Save the Chimps audit of December 31, 2020 (Note 7, Donated Materials and Services), Save the Chimps received in-kind donated materials and services in fiscal 2020 on which it placed a total value of $76,129.

[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 Save the Chimps 2020 tax filing, Save the Chimps reports re: Business Transactions Involving Interested Persons, a transaction in the amount of $9,654 involving Valerie Kirk and described as "equipment" (IRS Form 990, Schedule L, Part IV).

[Valerie Kirk is reported as Director of Veterinary Services and as the highest compensated employee (IRS Form 990, Part VII).]

According to the Save the Chimps (the Sanctuary) audit of December 31, 2020 (Note 2 re: Contributions Receivable):

"The Sanctuary received approximately 36% of its total contributions from two separate donors for the year ended December 31, 2020. One of these donors is a related party (See Note 5 [which cites approximately $1,435,000 in contributions received 'from a private foundation whose board president is also a board member of the Sanctuary']). As the revenue from these donors is significant to the overall activities of the Sanctuary, any significant reduction or loss of funding from these donors may affect the Sanctuary's ability to operate in its present form..."

According to the Save the Chimps (the Sanctuary) audit of December 31, 2020 (Note 8, Notes Payable, Paycheck Protection Program Promissory Note):

"On April 25, 2020, the Sanctuary obtained a PPP promissory note under the CARES Act in the amount of approximately $603,000. Under the terms of the promissory note, interest accrues monthly at an annual rate of 1% and the Sanctuary is permitted to apply for forgiveness of the amount due under the promissory note that is equal to the sum of qualified expenses under the PPP, which include payroll costs, rent obligations and utility payments as calculated in accordance with the requirements of the PPP and the CARES Act. Subject to any forgiveness under the PPP, the promissory note matures two years following the date of issuance of the promissory note. The Sanctuary filed an application for forgiveness on November 11, 2020, postponing principal and interest payments until further evaluation..."

[...]

"...On August 2, 2021, the Sanctuary was notified that it had received forgiveness of the PPP promissory note and all accrued interest, and as a result, the scheduled principal payments will no longer be required to be made."

According to the Save the Chimps (the Sanctuary) audit of December 31, 2020 (Note 12, Subsequent Events):

"On February 13, 2021, the Sanctuary obtained a second PPP promissory note under the CARES Act in the amount of approximately $677,000. Under the terms of the promissory note, interest accrues monthly at an annual rate of 1% and the Sanctuary is permitted to apply for forgiveness of the amount due under the promissory note that is equal to the sum of qualified expenses under the PPP, which include payroll costs, rent obligations and utility payments as calculated in accordance with the requirements of the PPP and the CARES Act. Subject to any forgiveness under the PPP, the promissory note matures five years following the date of issuance of the promissory note. The Sanctuary filed an application for forgiveness on August 11, 2021, postponing principal and interest payments until further evaluation. On August 25, 2021, the Sanctuary was notified that it had received forgiveness of the second PPP promissory note and all accrued interest."


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