Five tip-offs to trouble
in the form 990
Kris Hundley, Tampa Bay Times
Kendall Taggart, The Center for Investigative Reporting
IRE 2014 San Francisco
How much revenue is "non-cash"?For Cancer Fund of America,
only $5.5 million of $26.6 million in contributions
How much is spent on the mission?
the amount spent on programs was
But remember those ""Non-Cash"" Contributions?
At Cancer Fund of America?
Cash to cancer patients?
Only about $10,000 a year
"Joint cost' allocation
At Kids wish network
"Do you know any dying kids?"
HOW MUCh IS SPENT ON salaries?
From the 990: Part I, line 15
Is that all they're getting?
Check out Part VII for executive pay
Then Schedule L for "related transactions" - loans, money from insider deals
Kids Wish Network paid its president $130,000
and his marketing firm $1.7 million
Professional fundraising fees
From the 990: Part I, line 16a
Find out how much the fundraiser is keeping on Schedule G
oVER A DECADE,
sOLICITORS for Kids Wish nETWORK
kept 86 PERCENT OF THE MONEY RAISED.
aT cANCER fUND OF aMERICA
THEY KEPT 82 PERCENT.
BONUS TIP-OFF to trouble
Check the top left-hand corner of the 990's front page.
If it's been "amended"
see Schedule O for reasons why.
Other charity resources
Nonprofits IRE 2014
By Kris Hundley