Better Business Bureau Report for
Wood Dale Historical Society

Better Business Bureau Report issued May 2012
Better Business Bureau Report expires May 2014


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: Wood Dale Historical Society
Address: 850 N. Wood Dale Road
  Wood Dale, IL 60191
Phone: 630-595-8777
630-595-0360
Web Address:
Also known as:Yesterday's Farm Museum
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Better Business Bureau Comments

Year, State Incorporated: 1972, Illinois
Affiliates: None
Stated Purpose: To acquire and report on the history of the town and area of Wood Dale and Bensenville, etc., and to educate present and future generations on the past life and its effects on the present and the future.

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Evaluation Conclusions

              

Wood Dale Historical Society does not meet the following 6 Standards for Charity Accountability.

Standard 3: Frequency and Attendance of Board Meetings - An organization shall have a minimum of three evenly spaced meetings per year of the full governing body with a majority in attendance, with face-to-face participation. A conference call of the full board can substitute for one of the three meetings of the governing body. For all meetings, alternative modes of participation are acceptable for those with physical disabilities.

Wood Dale Historical Society does not meet this Standard because:

  • The board of directors did not hold a minimum of three evenly spaced meetings in the past fiscal year.

Standard 4: Compensated Board Members - Not more than one or 10% (whichever is greater) directly or indirectly compensated person(s) serving as voting member(s) of the board. Compensated members shall not serve as the board's chair or treasurer.

Wood Dale Historical Society does not meet this Standard because:

  • The paid chief executive officer also serves as the chair of the board of directors.

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.

Wood Dale Historical Society 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.

Wood Dale Historical Society does not meet this Standard because:

  • Although it has produced a written effectiveness assessment report, the report did not include recommendations for future actions.

Standard 13: Accuracy of Expenses in Financial Statements - Accurately report the charity's expenses, including any joint cost allocations, in its financial statements. For example, audited or unaudited statements which inaccurately claim zero fund raising expenses or otherwise understate the amount a charity spends on fund raising, and/or overstate the amount it spends on programs will not meet this standard.

Wood Dale Historical Society does not meet this Standard because its IRS Form 990 for the fiscal year ended June 30, 2011:

  • Reports the organization had no fund raising expenses.
  • Reports the organization had no administrative expenses.

Standard 14: Budget - Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.

Wood Dale Historical Society does not meet this Standard because, when the organization provided budget information, it indicated that the budget:

  • Was not produced for the current fiscal year.
In addition, the BBB of Chicago & Northern Illinois requested but did not receive complete information on the organization’s governance and oversight and finances and is unable to verify the organization's compliance with the following 2Standards for Charity Accountability: 1 and 10.
Wood Dale Historical Society meets the remaining 12 Standards for Charity Accountability.
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Programs

              

Wood Dale Historical Society’s principal service programs are in the fall of the year and early spring, they have school classrooms (Kindergarten, 1st grade and NEDSRA students) come into the museum for part of the day to learn about the museum, history of the area and/or to make crafts. They run various events during the year Flea Market (35 to 45 booths), Harvest Fest( 20 craft booths and 800 to 1000 attend), Ghost Stories(hayrides - 200-300 att.), Holiday events for fundraising and set up displays in the local library to show the community's past life styles 4 to 6 times a yr.

For the fiscal year ended June 30, 2011, Wood Dale Historical Society's program expenses were:

  
Program Expenses 24,476
Total Program Expenses: $24,476
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Governance

              

Chief Executive : Ann Morong, Curator
Compensation*: 

Highest Paid Executive: Ann Morong,Curator
Compensation*: $308

Chair of the Board: Jennifer Licona
Chair's Profession / Business Affiliation: Manager of PTI in Aurora

Board Size: 10

Paid Staff Size: 1

*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, invitations to fund raising events, print advertisements, membership, school flyers
Fund raising costs were % of related contributions. (Related contributions, which totaled $22,055, 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

              


Source of Funds  
Public Support 14,155
Other Revenues 7,064
Government Grants 836
Total Income $22,055


chart



Uses of Funds as a % of Total Expenses

Programs: 100%    Administrative: 0 

Total income $22,055
Program expenses $24,476
Fund raising expenses
Administrative expenses
Total expenses $24,476
Expenses in Excess of Income (2,421)
Beginning net assets 49,623
Ending net assets 62,818
Total liabilities
Total assets $62,818


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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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