Standard 6: Board Policy on Effectiveness - Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.
Buffalo Grove Friends of the Park Foundation does not meet this Standard because:
- The board of directors does not have a written policy stating that, at least every two years, an appraisal be done assessing the organization’s performance and effectiveness and determining future actions required to achieve its mission.
Standard 7: Board Approval of Written Report on Effectiveness - Submit to the organization's governing body, for its approval, a written report that outlines the results of the aforementioned performance and effectiveness assessment and recommendations for future actions.
Buffalo Grove Friends of the Park Foundation does not meet this Standard because:
- It has never completed an effectiveness assessment.
Standard 8: Program Service Expense Ratio - Spend at least 65% of its total expenses on program activities.
Buffalo Grove Friends of the Park Foundation does not meet this Standard because:
- According to the its IRS Form 990 for the fiscal year ended April 30, 2011, the organization spent $22,905 or 25% of its total expenses ($90,724) on program service activities.
Standard 9: Fund Raising Expense Ratio - Spending should be no more than 35% of related contributions on fund raising. Related contributions include donations, legacies, and other gifts received as a result of fund raising efforts.
Buffalo Grove Friends of the Park Foundation does not meet this Standard because:
- According to its IRS Form 990 for the fiscal year ended April 30, 2011, the organization's fund raising costs were 80% ($67,269) of related contributions, which totaled $84,286.
Standard 15: Misleading Appeals - Have solicitations and informational materials, distributed by any means, that are accurate, truthful and not misleading, both in whole and in part. Appeals that omit a clear description of program(s) for which contributions are sought will not meet this standard. A charity should also be able to substantiate that the timing and nature of its expenditures are in accordance with what is stated, expressed, or implied in the charity's solicitations.
Buffalo Grove Friends of the Park Foundation does not meet this Standard because:
- In the past year, the organization stated that it had one or more appeals for support that did not contain a description of the organization's program service activities.