BBB Wise Giving Report for
My Stuff Bags Foundation

BBB Wise Giving Report issued July 2011
BBB Wise Giving Report expires July 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


Find out more about this charity:

Back To Top

Charity Contact Information

Name: My Stuff Bags Foundation
Address: 5347 Sterling Center Drive
  Westlake Village, CA 91361
Phone: 818-865-3860
Web Address: www.mystuffbags.org
Back To Top

BBB Wise Giving Alliance Comments

Year, State Incorporated: 1998, California
Affiliates: None
Stated Purpose: "to provide comfort and hope to children in crisis, especially those rescued from abuse, neglect, and abandonment."

Back To Top

Evaluation Conclusions

               

My Stuff Bags Foundation (MSBF) meets the 20 Standards for Charity Accountability.
Back To Top

Programs

               

MSBF helps children rescued from abusive situations by providing them with a clean, new My Stuff duffel bag containing a variety of items they can call their own. These include clothing, toys, books, games, school supplies, stuffed animals, and a "security" blanket. Each My Stuff Bag also has a bright red toiletry bag containing a toothbrush, toothpaste, shampoo, body wash, a comb or brush and/or similar items. The items in a My Stuff Bag aim to address rescued children's immediate physical and emotional needs.

For the year ended December 31, 2010, MSBF's program expenses were:

  
My Stuff Bags 2,419,364
Total Program Expenses: $2,419,364
Back To Top

Governance

               

Chief Executive : Janeen Holmes, CEO and President
Compensation*:
 $121,548

Chair of the Board: Randy Strong
Chair's Profession / Business Affiliation: President, Strong & Associates

Board Size: 8

Paid Staff Size: 5

*2010 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Back To Top

Fund Raising

               

Method(s) Used:

Direct mail, special events, grant proposals, and Internet appeals.
Fund raising costs were 6% of related contributions. (Related contributions, which totaled $2,184,816, are donations received as a result of fund raising activities.)
Back To Top

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.
Back To Top

Financial

               

The following information is based on MSBF's audited financial statements for the year ended December 31, 2010.

Source of Funds  
Property contributions 1,569,055
Cash contributions 615,761
Total Income $2,184,816


chart



Uses of Funds as a % of Total Expenses

Programs: 92%  Fund Raising: 5%  Administrative: 3% 

Total income   $2,184,816
  Program expenses $2,419,364
  Fund raising expenses 135,203
  Administrative expenses 85,998
 
Total expenses   $2,640,565
Expenses in Excess of Income   (455,749)
Beginning net assets   2,469,289
Ending net assets   2,013,540
Total liabilities   155,330
Total assets   $2,168,870

Note: According to MSBF, the organization received $1,987,408 in in-kind contributions including toys ($1,847,408), blankets ($90,000) and educational items ($50,000).

Back To Top

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.

Send to:



What is an Accredited Charity