The investigative team for AC360 at CNN is working on a series of reports discussing charities. The series appears to have been focusing on some unpleasant things going on in the world of fundraisers.
Last week Anderson Cooper’s team started looking at the valuation issue of GIKs. Their report can be found here: Charities accused of overvaluing donations.
Check out the report if you are interested in GIK valuation issues.
They have invoices used by SPCA International for a large volume of medicines that were sent to an animal welfare organization in Nepal. They also have the invoice used for customs clearance. The income recognized on the books is $816,324 and the customs value is $2,500.