BBB Wise Giving Report for
Adopt-A-Classroom

BBB Wise Giving Report issued May 2009
BBB Wise Giving Report expires May 2011


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Adopt-A-Classroom
Address: 1521 Alton Road, #347
  Miami Beach, FL 33139
Phone: 877-444-7666
305-674-4470
Web Address: www.adoptaclassroom.com
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1998, Florida
Affiliates: None

Stated Purpose: "to increase opportunity for student success by empowering teachers with community partners and funds to purchase resources for the classroom."

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Evaluation Conclusions

               

Adopt-A-Classroom (AAC) meets the 20Standards for Charity Accountability.
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Programs

               

AAC solicits donations from individuals, foundations and corporations to assist teachers with purchasing classroom supplies and resources. Donors can choose a specific classroom to adopt or, in instances where no preference is expressed, AAC selects a classroom near the donor. Teachers and students send letters, art work, and e-mail to the donor, who is welcome to visit the adopted classroom

For the fiscal year ended June 30, 2008, AAC's program expenses were:

  
Classroom adoption 1,494,298
Total Program Expenses: $1,494,298
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Governance

               

Chief Executive : James Rosenberg, Founder and Executive Director
Compensation*:
 $117,661

Chair of the Board: John Oxendine
Chair's Profession / Business Affiliation: Chairman, President and CEO, Broadcast Capital, Inc.

Board Size: 11

Paid Staff Size: 6

*July 1, 2007 - June 30, 2008 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, and Internet appeals
Fund raising costs were 1% of related contributions. (Related contributions, which totaled $2,376,766, 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 AAC's audited financial statements for the fiscal year ended June 30, 2008:

Source of Funds  
Grants and public contributions 2,376,766
Investment income 16,622
Other income 576
Change in present value of contribution receivable -37,066
Total Income $2,356,898


chart



Uses of Funds as a % of Total Expenses

Programs: 89%  Fund Raising: 1%  Administrative: 10% 

Total income   $2,356,898
  Program expenses $1,494,298
  Fund raising expenses 25,000
  Administrative expenses 167,875
 
Total expenses   $1,687,173
Income in Excess of Expenses   669,725
Beginning net assets   1,008,752
Ending net assets   1,678,477
Total liabilities   201,366
Total assets   $1,879,843


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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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