Standard 1: Oversight of Operations and Staff - Organizations shall have a board of directors that provides adequate oversight of the charity's operations and its staff. Indication of adequate oversight includes, but is not limited to, regularly scheduled appraisals of the CEO's performance, evidence of disbursement controls such as board approval of the budget, fund raising practices, establishment of a conflict of interest policy, and establishment of accounting procedures sufficient to safeguard charity finances.
SIM does not meet this Standard because:
- The chief executive officer serves as the board chair.
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.
SIM does not meet this Standard because:
- Four members out of the five member board of directors (80%) are compensated directly, including the paid chief executive officer, who also serves as the chair of the board of directors, and the treasurer of the board.
Standard 8: Program Service Expense Ratio - Spend at least 65% of its total expenses on program activities.
SIM does not meet this Standard because:
- According to the its IRS Form 990 for the fiscal year ended December 31, 2010, the organization spent $23,992 or 3% of its total expenses ($779,068) on program service activities.
Standard 9: Fund Raising Expense Ratio - Spending should be no more than 35% of related contributions on fund raising. Related contributions include donations, legacies, and other gifts received as a result of fund raising efforts.
SIM does not meet this Standard because:
- According to its IRS Form 990 for the fiscal year ended December 31, 2010, the organization's fund raising costs were 84% ($656,749) of related contributions, which totaled $786,183.