Better Business Bureau Report for
One Acre Fund

Better Business Bureau Report issued March 2012
Better Business Bureau Report expires March 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: One Acre Fund
Address: 1954 First St. #183
  Highland Park, IL 60035
Phone: 646-496-6855
Web Address: www.oneacrefund.org
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Better Business Bureau Comments

Formerly known as:Little Farmers Renewing Fund

Year, State Incorporated: 2005, Illinois
Affiliates: None
Stated Purpose: The mission of One Acre Fund is to empower chronically hungry farm families in East Africa to permanently lift themselves out of hunger and poverty.

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Evaluation Conclusions

               

One Acre Fund does not meet the following Standard for Charity Accountability.

Standard 18: Privacy for Written Appeals & Internet Privacy - Address privacy concerns of donors by (a) providing in written appeals, at least annually, a means (e.g., such as a check off box) for both new and continuing donors to inform the charity if they do not want their name and address shared outside the organization, (b) providing a clear, prominent and easily accessible privacy policy on any of its websites that tells visitors (i) what information, if any, is being collected about them by the charity and how this information will be used, (ii) how to contact the charity to review personal information collected and request corrections, (iii) how to inform the charity (e.g., a check off box) that the visitor does not wish his/her personal information to be shared outside the organization, and (iv) what security measures the charity has in place to protect personal information.

One Acre Fund does not meet this Standard because the privacy policy on this website, www.oneacrefund.org does not indicate:

  • What security measures are in place to protect personal information that is collected.
In addition, the BBB of Chicago & Northern Illinois requested but did not receive complete information on the organization’s governance and oversight and effectiveness measures and is unable to verify the organization's compliance with the following 4Standards for Charity Accountability: 1, 3, 6, and 7.
One Acre Fund meets the remaining 15 Standards for Charity Accountability.
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Programs

               

Our strategy is to provide a comprehensive investment package of high-quality seed and fertilizer, education courses, and access to output markets, and to measure our impact along income, health, and quality of life dimensions. Our method is to work through self-help groups in rural villages to deliberately reach the most severely hunger-affected.

For the fiscal year ended December 31, 2010, One Acre Fund's program expenses were:

  
Farming Supplies 1,375,195
Salaries and Wages 830,321
Travel and Field Staff Transport 557,236
Business Development 245,505
Recruiting and Training 124,794
Monitoring and Evaluation 118,394
Occupancy 110,858
Casual Labor 106,119
Farming Warehouse Costs 99,154
Payroll Taxes 75,035
Depreciation 73,359
Insurance 71,791
Printing and Publications 65,809
Employee Benefits 46,705
Supplies 38,139
Miscellaneous 26,192
Farming Transportation 12,042
Postage and Shipping 1,529
Total Program Expenses: $3,978,177
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Governance

               

Chief Executive : Andrew Youn, Senior Partner / Executive Director / Co-founder
Compensation*: 
 $55,000

Chair of the Board: Joel Ackerman
Chair's Profession / Business Affiliation: CEO, Champions Oncology

Board Size: 6

Paid Staff Size: 750

*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, internet
Fund raising costs were 8% of related contributions. (Related contributions, which totaled $3,212,632, 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 One Acre Fund's audited financial statements for the fiscal year ended December 31, 2010.

Source of Funds  
Grants and Donations 3,016,380
Program Fees 1,665,778
Special Events 123,316
Donated Property 70,000
Miscellaneous 14,871
Interest 9,401
Donated Investments 2,936
Total Income $4,902,682


chart



Uses of Funds as a % of Total Expenses

Programs: 88%  Fund Raising: 5%  Administrative: 7% 

Total income $4,902,682
Program expenses $3,978,177
Fund raising expenses 249,261
Administrative expenses 314,111
Total expenses $4,541,549
Income in Excess of Expenses 361,133
Beginning net assets 3,168,444
Ending net assets 3,362,238
Total liabilities 167,916
Total assets $3,530,154


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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.

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