Better Business Bureau Report for
Families of Spinal Muscular Atrophy

Better Business Bureau Report issued August 2010
Better Business Bureau Report expires August 2012


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: Families of Spinal Muscular Atrophy
Address: 14047 Petronella Drive
#107
  Libertyville, IL 60048
Phone: 800-886-1762
847-367-7620
Web Address: www.curesma.org
Also known as:Families of SMA
FSMA
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Better Business Bureau Comments

Year, State Incorporated: 1984, Illinois
Affiliates: None
Stated Purpose: Our mission is to create a treatment and cure of Spinal Muscular Atrophy by funding research programs, supporting families, improving patient care and educating health care professionals.

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Evaluation Conclusions

              

Families of Spinal Muscular Atrophy 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.

Families of Spinal Muscular Atrophy 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.

Families of Spinal Muscular Atrophy does not meet this Standard because:

  • Its effectiveness assessment policy does not specify that this assessment will take place at least once every two years.

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.

Families of Spinal Muscular Atrophy 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.

Families of Spinal Muscular Atrophy does not meet this Standard because the organization's website, www.curesma.org, does not include all of the recommended information for those charity websites that solicit for donations. Specifically, it does not include:

  • End of year net assets.
Families of Spinal Muscular Atrophy meets the remaining 16 Standards for Charity Accountability.
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Programs

              

FSMA was founded for the purpose of accelerating SMA research and providing support to families affected by this devastating disease. SMA is the leading genetic cause of death in children under the age of 2. There is presently no cure or treatment. FSMA has funded more than $25 Million in research that included the identification of the SMA gene and its backup gene as well as the protein produced by the gene. FSMA has also funded several drug discovery programs to develop drugs ready for clinical trials. FSMA also funds several multi-center clinical drug safety studies and provides support to 39 researchers at 22 institutions. FSMA provides much needed support to patients and families through an equipment sharing pool, provision of disease specific information and a comprehensive web-site (www.fsma.org). The organization publishes a newsletter that provides in-depth information on current SMA research , clinical studies and special events as well as valuable advice on living with SMA. FSMA sponsor an annual conference where families interact with researchers, clinicians and families coping with SMA.

For the fiscal year ended June 30, 2009, Families of Spinal Muscular Atrophy's program expenses were:

  
Research 3,782,131
Patient Services 1,192,307
Total Program Expenses: $4,974,438
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Governance

              

Chief Executive : Kenneth Hobby, President
Compensation*:
$130,000

Chair of the Board: Paula Barrett
Chair's Profession / Business Affiliation: MBA, Human Resources Manager for the past 20 years, Mgr for Compensation for a Hospital in the Boston area.

Board Size: 12

Paid Staff Size: 11

*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, grant proposals, internet, cause-related marketing, membership
Fund raising costs were 16% of related contributions. (Related contributions, which totaled $4,888,315, 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 Families of Spinal Muscular Atrophy's audited financial statements for the fiscal year ended June 30, 2009.

Source of Funds  
Fundraising Events 2,521,045
Contributions 2,287,282
Conferences 86,017
Memorials 75,057
Sale of Merchandise 67,486
Interest Income 34,163
Stock Donations 12,502
Membership Dues 11,499
Divident Income 230
Realized loss on investments -79
Unrealized loss on investments -906
Total Income $5,094,296


chart



Uses of Funds as a % of Total Expenses

Programs: 86%  Fund Raising: 13%  Administrative: 1% 

Total income   $5,094,296
  Program expenses $4,974,438
  Fund raising expenses 769,514
  Administrative expenses 83,600
 
Total expenses   $5,827,552
Expenses in Excess of Income   (733,256)
Beginning net assets   3,093,893
Other Changes in Net Assets (2,844,490)
Ending net assets   (483,853)
Total liabilities   3,716,460
Total assets   $3,232,607


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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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