Standard 10: Ending Net Assets - Avoid accumulating funds that could be used for current program activities. To meet this standard, the charity's unrestricted net assets available for use should not be more than three times the size of the past year's expenses or three times the size of the current year's budget, whichever is higher.
According to the IRS Form 990-EZ for the year ended December 31, 2009, the charity's total unrestricted net assets were $94,224, or 9 times the charity's total expenses of $10,853.
Standard 12: Detailed Functional Breakdown of Expenses - Include in the financial statements a breakdown of expenses (e.g., salaries, travel, postage, etc.) that shows what portion of these expenses was allocated to program, fund raising, and administrative activities. If the charity has more than one major program category, the schedule should provide a breakdown for each category.
Because the IRS Form 990-EZ does not require a detailed functional breakdown of expenses, BBB requested an internal breakdown from the charity. However, BBB did not receive a detailed functional breakdown of expenses by natural classification (e.g., salaries, travel, postage, etc.) that shows what portion of these expenses was allocated to program, fundraising, and administrative activities.
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.
The charity has a website that requests contributions, but the website does not include the following financial information for the past fiscal year: total income, total program, fundraising, and administrative expenses, and total ending net assets. Additionally, the website does not include a link to the charity's most recent IRS Form 990, the annual financial form filed with the Internal Revenue Service.