Better Business Bureau Report for
MayaWorks

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: MayaWorks
Address: 1732 W. Hubbard, Ste. 1A
  Chicago, IL 60622
Phone: 312-243-8050
Web Address: www.mayaworks.org
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Better Business Bureau Comments

Year, State Incorporated: 1996, Connecticut
Affiliates: None
Stated Purpose: MayaWorks is a fair trade nonprofit organization that promotes economic development for Maya women and their families by supporting a marketplace for their handcrafted goods.

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Evaluation Conclusions

              

MayaWorks does not meet the following 4 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.

MayaWorks, Inc. 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 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.

MayaWorks, Inc. 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.

MayaWorks, Inc. does not meet this Standard because:

  • It did not produce a written report outlining the results of its most recent effectiveness assessment.

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.

MayaWorks, Inc. does not meet this Standard because the organization's website, www.mayaworks.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.
In addition, the BBB of Chicago & Northern Illinois requested but did not receive complete information on the organization’s governance and oversight and is unable to verify the organization's compliance with the following Standard for Charity Accountability: 1.
MayaWorks meets the remaining 15 Standards for Charity Accountability.
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Programs

              

MayaWorks partners with over 125 artisans in 6 communities along the central highlands of Guatemala. All artisans are paid a fair wage for their work. Additionally they are supported through microloans to start their own businesses, literacy and skills trainings, and scholarships to send their daughters to school.

For the fiscal year ended September 30, 2011, MayaWorks's program expenses were:

  
Program Expenses 602,249
Total Program Expenses: $602,249
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Governance

              

Chief Executive : Jeannie Balanda, Executive Director
Compensation*: 

Chair of the Board: Elizabeth McKay
Chair's Profession / Business Affiliation: Administrator, Harper College

Board Size: 8

Paid Staff Size: 3

*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, grant proposals, internet
Fund raising costs were 4% of related contributions. (Related contributions, which totaled $332,373, 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 MayaWorks, Inc.'s audited financial statements for the fiscal year ended September 30, 2011.

Source of Funds  
Product Sales 373,581
Contributions 332,373
Tours 17,830
Other 9,080
Interest 5,160
Total Income $738,024


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Uses of Funds as a % of Total Expenses

Programs: 91%  Fund Raising: 2%  Administrative: 7% 

Total income $738,024
Program expenses $602,249
Fund raising expenses 12,078
Administrative expenses 45,310
Total expenses $659,637
Income in Excess of Expenses 78,387
Beginning net assets 415,352
Ending net assets 493,739
Total liabilities 22,066
Total assets $515,805


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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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