BBB Wise Giving Report for
BRAC USA

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


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: BRAC USA
Address: 11 East 44th Street, Suite 1600
  New York , NY 10017
Phone: 212-808-5615
Web Address: www.bracusa.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 2007, New York
Affiliates: None

Stated Purpose: "to empower people and communities in situations of poverty, illiteracy, disease and social injustice."

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Evaluation Conclusions

               

BRAC USA does not meet the following Standard for Charity Accountability.

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.

BRAC USA does not meet this Standard because:

  • The board of directors does not have a written policy stating that, at least every two years, an appraisal be done assessing the organization’s performance and effectiveness and determining future actions required to achieve its mission.
BRAC USA meets the remaining 19 Standards for Charity Accountability.
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Programs

               

BRAC USA raises funds for its umbrella entity (BRAC) and various country programs. BRAC USA seeks to develop relationships, publicize BRAC’s work and tell the BRAC story in order to unlock resources for BRAC and help promote its comprehensive and sustainable model of community development. The organization is also involved in grant making. It also supports an agenda based on priorities agreed upon by BRAC and the BRAC USA's Board. Through its grant making program, BRAC USA aims to facilitate flexibility, innovation, entrepreneurship, creativity, and learning. Furthermore, the organization is involved in public education. Part of the organization’s public education program entails telling its story through speaking engagements, its website, media, and by word of mouth.

For the fiscal year ended September 30, 2010, BRAC USA's program expenses were:

  
Program services 7,581,861
Total Program Expenses: $7,581,861
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Governance

               

Chief Executive : Susan M. Davis, President and CEO
Compensation*:
 $216,943

Chair of the Board: Lincoln C. Chen
Chair's Profession / Business Affiliation: President, China Medical Board

Board Size: 8

Paid Staff Size: 8

*October 1, 2009 - September 30, 2010 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, grant proposals, Internet appeals, and planned giving.
Fund raising costs were 4% of related contributions. (Related contributions, which totaled $7,283,277, 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 BRAC USA's audited financial statements for the fiscal year ended September 30, 2010.

Source of Funds  
Contributions 7,060,993
Earned income 472,452
In-kind donations 222,284
Interest income 43,915
Miscellaneous income 3,530
Total Income $7,803,174


chart



Uses of Funds as a % of Total Expenses

Programs: 94%  Fund Raising: 4%  Administrative: 2% 

Total income   $7,803,174
  Program expenses $7,581,861
  Fund raising expenses 309,695
  Administrative expenses 142,865
 
Total expenses   $8,034,421
Expenses in Excess of Income   (231,247)
Beginning net assets   3,822,390
Ending net assets   3,591,143
Total liabilities   8,641,296
Total assets   $12,232,439

According to BRAC USA's audited financial statements for the fiscal year ended September 30, 2010, the organization received in-kind contributions in the amount of $222,284 for donated legal services.

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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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