Better Business Bureau Report for
One Acre Fund

Better Business Bureau Report issued September 2014
Better Business Bureau Report expires September 2016


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: One Acre Fund serves small-scale farmers. In everything they do, they place the farmer first. One Acre Fund measures success in their ability to make more farmers more prosperous.

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Evaluation Conclusions

              

One Acre Fund does not meet the following 3 Standards for Charity Accountability.

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.

One Acre Fund does not meet this Standard because:

  • TWO (2) member(s) out of the SEVEN (7) member board of directors (29%) is/are compensated either directly or indirectly.

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.

One Acre Fund does not meet this Standard because the organization's website, www.oneacrefund.org, does not include all of the recommended information for those charity websites that solicit for donations. Specifically, it does not include:

  • Electronic access to the organization’s most recent IRS Form 990.

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 personal information is being collected and how it will be used.
  • How to inform the charity that the visitor does not want his/her information shared with others.
One Acre Fund meets the remaining 17 Standards for Charity Accountability.
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Programs

              

Smallholder farmers living in remote places need support in more than one area. One Acre Fund provides a complete set of services within walking distance of the farmers they serve. One Acre Fund's service bundle includes: Distribution of seed and fertilizer Financing for farm inputs Training on agricultural techniques Market facilitation to maximize profits from harvest sales Farming is the dominant economic activity of the world’s poor. One Acre Fund makes that activity significantly more productive. They are growing as fast as possible to capture an incredible opportunity.

For the fiscal year ended December 31, 2013, One Acre Fund's program expenses were:

  
Farming Supplies 7,365,980
Cost of Goods Sold - Seed and Fertilizer Sales 4,530,383
Salaries and Wages 4,505,664
Travel and Field Staff Transport 3,180,508
Supplies 960,203
Farming Transportation 884,494
Occupancy 859,432
Airtime 556,495
Casual Labor 451,433
Farming Warehouse Costs 359,747
Recruiting and Training 353,092
Payroll Taxes 332,643
Employee Benefits 328,957
Printing and Publications 313,411
Bad Debts 232,378
Insurance 229,901
Depreciation 168,755
Grants 100,000
Retention Incentives 77,700
Marketing and Promotions 65,029
Postage and Shipping 30,048
Miscellaneous 25,248
Total Program Expenses: $25,911,501
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Governance

              

Chief Executive : Andrew Youn, Executive Director
Compensation*: 
$83,000

Highest Paid Executive: Nancy Tomkowicz,Managing Director of One Acre Fund USA
Compensation*: $109,369

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

Board Size: 7

Paid Staff Size: 2623

*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, planned giving arrangements
Fund raising costs were 5% of related contributions. (Related contributions, which totaled $20,775,082, 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, 2013.

Source of Funds  
Grants and Donations 19,725,409
Program Fees 9,503,620
Seed and Fertilizer Sales 5,605,914
Special Events 977,924
Donated Investments 71,749
Interest 15,737
Realized Gain on Sale of Investments 963
Net Assets Released from Restrictions
Loss on Weather Based Crop Insurance -251,732
Total Income $35,649,584


chart



Uses of Funds as a % of Total Expenses

Programs: 89%  Fund Raising: 4%  Administrative: 5%  Other Expenses: 2%

Total income $35,649,584
Program expenses $25,911,501
Fund raising expenses 1,041,262
Administrative expenses 1,429,758
Other Expenses 477,588
Total expenses $28,860,109
Income in Excess of Expenses 6,789,475
Beginning net assets 14,477,402
Ending net assets 21,266,877
Total liabilities 7,878,621
Total assets $29,145,498


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