Better Business Bureau Report for
XYZ

Better Business Bureau Report issued October 2013
Better Business Bureau Report expires October 2015


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: XYZ
Address: 12345
  Buffalo , NY 14228
Phone: 314-739-9232
Web Address:
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Better Business Bureau Comments

Year, State Incorporated: 1995, New York
Affiliates: None
Stated Purpose: The Internal Revenue Service refers in its publications to organizations meeting the definition from section 501(c)(3) as “charities.” However, section 501(c)(3) provides that an eligible organization may have any one or more of the following purposes: “charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition, and preventing cruelty to children or animals.”

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Evaluation Conclusions

              

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Programs

              

The term charitable is used in section 501(c)(3) in its generally accepted legal sense and is, therefore, not to be construed as limited by the separate enumerations in section 501(c)(3) of other tax-exempt purposes which may fall within the broad outlines of “charity” as developed by judicial decisions. Such terms include: relief of the poor and the distressed, or of the underprivileged; advancement of religion; advancement of education or science; erecting or maintaining public buildings, monuments, or works; lessening the burdens of government; and promotion of social welfare by organizations designed to accomplish any of the above purposes, or (i) to lessen neighborhood tensions; (ii) to eliminate prejudice and discrimination; (iii) to defend human and civil rights secured by law; or (iv) to combat community deterioration and juvenile delinquency

For the fiscal year ended December 31, 2012, XYZXYZ 's program expenses were:

  
Total Program Expenses: $
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Governance

              

Chief Executive : Tom Fordish, Executive Director
Compensation*: 

Highest Paid Executive: Tory Burchwell,Development Director
Compensation*: $60,000

Chair of the Board: Georgina Armani
Chair's Profession / Business Affiliation: CEO, Widget Manufacturing Facility

Board Size: 14

Paid Staff Size: 30

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, telephone, invitations to fund raising events, print advertisements, television, radio, grant proposals, internet, door to door, planned giving arrangements, cause-related marketing, membership
Fund raising costs were 5% of related contributions. (Related contributions, which totaled $164,020, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on XYZXYZXYZXYZXYZ 's audited financial statements for the fiscal year ended December 31, 2012.

Source of Funds  
Investment Income 117,455
Contributions and Grants 46,565
Other Revenue 14,064
Total Income $178,084


chart



Uses of Funds as a % of Total Expenses

Programs: 0  Fund Raising: 0  Administrative: 0 

Total income $178,084
Program expenses $55,743
Fund raising expenses 7,743
Administrative expenses 85,728
Total expenses $0
0
Beginning net assets 0
Ending net assets 0
Total liabilities 0
Total assets $0


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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