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.
Heartland International does not meet this Standard because its audited financial statements for the fiscal year ended December 31, 2010:
- Reports the organization had no fund raising expenses.
The audit report for 2011 will contain data on fundraising expenses, an item inadvertently omitted in the 2010 report. Heartland International did not withhold any information and will provide any necessary financial breakdowns as requested in the future. This applies to all financial standards.
Standard 17: Web Site Disclosures - Include on any charity websites that solicit contributions, the same information that is recommended for annual reports, as well as the mailing address of the charity and electronic access to its most recent IRS Form 990.
Heartland International does not meet this Standard because the organization's website, www.heartlandinternational.org, does not include all of the recommended information for those charity websites that solicit for donations. Specifically, it does not include:
- Total income.
- Total program expenses.
- Total fund raising expenses.
- Total administrative expenses.
- End of year net assets.
- Electronic access to the organization’s most recent IRS Form 990.