Trevor Project

According to The Trevor Project (TTP) audit of July 31, 2021 (Note 5, Contributed Goods and Services), TTP received in-kind contributed services in fiscal 2021 on which it placed a total value of $6,355,523. Of this amount, $2,163,244 consisted of in-kind "Advertising and Public Awareness."

[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 Trevor Project audit of July 31, 2021 (Note 2(i) re: Paycheck Protection Program Grant):

"In April 2020, the Organization applied for and received a Paycheck Protection Program (PPP) loan in the amount of $1,410,300. The PPP loan, administered by the Small Business Administration (SBA), had a fixed interest rate of 1.0% per annum, a term of two years, and was unsecured and guaranteed by the SBA. The Organization elected to account for the forgivable loan received under the PPP provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act as a conditional government grant. The Organization concluded that the PPP loan represents, in substance, a grant that is expected to be recognized as revenue when the associated conditions are met. Under this approach, the timing of recognition of the contribution revenue depends on when the various conditions of the PPP are substantially met or explicitly waived. The Organization met the conditions for recognition of the full amount of the PPP during the year ended July 31, 2021, and this amount is presented as Paycheck Protection Program grant income in the accompanying [audited] statement of activities."