According to the SPCA International (SPCAI) audited Statement of Activities for the year ended December 31, 2021, SPCAI received in-kind contributions on which it placed a total value of $9,043,368. Of this amount, "approximately $8.5 million [consisted] of in-kind donations for medications and supplies," according to audit Note 2 re: In-Kind Contributions. [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 SPCA International (SPCAI) audit of December 31, 2021 (Note 6, Refundable Advance): "In May 2020, the SPCAI received proceeds of $112,500 from a financial institution under the Paycheck Protection Program ('PPP'), established by the Coronavirus Aid, Relief, and Economic Security ('CARES') Act, administered by the Small Business Administration... Under the terms of CARES and the PPP, the SPCAI can apply for and be granted forgiveness for all or a portion of the proceeds issued to the extent the proceeds are used in accordance with the PPP. During April 2021, the SPCAI received full forgiveness by the SBA, for which the amount is recognized as contributions and grants on the [audited] statements of activities." |
According to the SPCA International (SPCAI) audit of December 31, 2021 (Note 7, Commitments, Fundraising): "In October 2006, the SPCAI entered into a 10-year agreement with a direct mail service provider ('DM') to administer its fundraising and marketing activities. Services covered under this agreement include the production of direct mail awareness and educational materials, organization development, and processing of cash receipts. In addition, the DM incurred startup costs on behalf of the SPCAI. The SPCAI is obligated to reimburse the DM for all costs incurred on behalf of the SPCAI. As of May 31, 2018, the contract is self-renewing for one-year terms barring cancellation of the contract by either party." |
According to the SPCA International (SPCAI) audit of December 31, 2021 (Note 8, Related Party Transactions): "One family member of a director of the SPCAI's Board of Directors works for the organization. The compensation and fringe benefits totaled $95,886 and $88,191 for the years ended December 31, 2021 and 2020, respectively." |
According to the SPCA International (SPCAI) audit of December 31, 2021 (Note 9, Contingencies):
"As a result of the continued spread of the COVID-19, economic uncertainties have arisen which may impact the collection of receivables and receipt of contribution income, though such potential impact is unknown at this time." |
According to the SPCA International (SPCAI) 2021 tax filing, SPCAI reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III): Regarding severance payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, line 4a): "Meredith Ayan, Executive Director, received a severance payment of $121,000 during 2021." [Meredith Ayan is reported as "Executive Director (ended 06/21)," with total compensation of $211,744 in 2021 (Schedule J, Part II).]
Regarding nonfixed payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, line 7): "Bonus payments are determined at the discretion of the board of directors." SPCAI reports one "Bonus & incentive compensation" payment in the amount of $2,000 to Meredith Ayan, "Executive Director (ended 06/21)," in 2021. Her reported total compensation in 2021 is $211,744 (Schedule J, Part II).
|