According to the Friends of Animals (FoA) audit of April 30, 2020 (Note 13, Donations in-kind), FoA received donated in-kind advertising in fiscal 2020 on which it placed a value of $44,598. [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 Friends of Animals (FoA) audit of April 30, 2020 (Note 12, Related party): "FoA has supported Primarily Primates, Inc. ('PPI'). PPI is a 78-acre sanctuary in Texas that houses chimpanzees, monkeys and other animals that have been used in experiments, entertainment or traded as pets, and have been subsequently cast off and are in need of permanent shelter. FoA shares common (although not majority) board members with PPI. Total financial support provided to PPI for the years ended April 30, 2020 and 2019 was $732,667 and $764,707, respectively. Included in this amount was $130,181 and $134,483 of donated administrative support during the years ended April 30, 2020 and 2019, respectively. A portion of the support is from funds raised on behalf of PPI. "The Organization supports a wild horse project in which wild horses were rescued and are being kept and cared for on the PPI property. PPI cares for the animals and the Organization reimburses PPI for all expenses incurred relating to this project. During the years ended April 30, 2020 and 2019, the Organization reimbursed PPI for expenses of $5,490 and $7,755, respectively."
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According to the Friends of Animals (FoA) tax filing for the fiscal year ended April 30, 2020, FoA reports re: the existence of a family or business relationship among officers, directors, trustee, or key employees (IRS Form 990, Part VI, Section A, line 2): "Priscilla Feral, President of Friends of Animals, Inc. and Bob Orabona, Operations Director of Friends of Animals, Inc. are married" (IRS Form 990, Schedule O). FoA reports having seven voting members on its governing body at fiscal year-end 2020, with six members being independent (IRS Form 990, Part VI, Section A, lines 1a & 1b). In addition, FoA reports re: Business Transactions Involving Interested Persons, a transaction in the amount of $95,979 involving Jane Seymour, daughter of Priscilla Feral, President. The description of the transaction is: "Compensation as Creative Director" (IRS Form 990, Schedule L, Parts IV & V).
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According to the Friends of Animals audit of April 30, 2020 (Note 14, Subsequent event): "On May 4, 2020, the Organization received a loan for $327,415 from People's United Bank, N.A. through the Small Business Association's Payroll Protection Program to cover payroll and utility costs. The loan bears interest at 1% and will be paid in 17 monthly installments of $18,426, beginning on November 29, 2020. However, per the loan agreement, the loan will be forgiven if the funds are used to cover payroll and utility costs, which the Organization fully anticipates." |
According to the Friends of Animals (FoA) tax filing for the fiscal year ended April 30, 2020, FoA 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): "Michael Harris received a board approved bonus based upon the court awards won. The amount is reported in his 2019 W2." Michael Harris is reported as Wildlife Law Program Director. His reported "Bonus & incentive compensation" payment in calendar year 2019 is $51,831; his reported total compensation is $212,277 (IRS Form 990, Schedule J, Part II).
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