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.
AC does not meet this Standard because:
- According to its IRS Form 990 for the fiscal year ended August 31, 2008, the organization's fund raising costs were 73% ($8,020,339) of related contributions, which totaled $10,916,475.
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.
AC does not meet this Standard because, in the organization's financial statements, the detailed functional breakdown of expenses did not include:
- Expenses by natural classification (e.g., salaries, travel, postage, etc.) and did not indicate what portion of the expenses was allocated to program, fund raising, and administrative activities).
Standard 16: Annual Report - Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.
AC does not meet this standard because the organization's most recent annual report did not include:
- Total fund raising expenses.
- Total administrative expenses.
- Total end of year net assets.