BBB Wise Giving Report for
DonorsChoose.org

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 and is a Seal Holder. Find out more...


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Charity Contact Information

Name: DonorsChoose.org
Address: 213 West 35th Street, Second Floor East
  New York, NY 10001
Phone: 212-239-3615
Web Address: www.donorschoose.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 2000, New York
Affiliates: None
Stated Purpose: "to address the scarcity and inequitable distribution of learning materials and experiences in our public schools."

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Evaluation Conclusions

               

DonorsChoose.org (DC) meets the 20 Standards for Charity Accountability.
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Programs

               

DC aims to improve public education by engaging citizens in an online marketplace where teachers describe and individuals can fund specific student projects. At DonorsChoose.org, teachers submit ideas for experiences and materials that their students need to learn. Any individual can search proposals by area of interest, learn about classroom needs, and choose to fund the project they find most compelling.

For the fiscal year ended June 30, 2010, DC's program expenses were:

  
Classroom projects and processing 20,031,236
Classroom project advocacy 2,960,326
Total Program Expenses: $22,991,562
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Governance

               

Chief Executive : Charles Best, Chief Executive Officer
Compensation*:
 $132,993

Highest Paid Executive: Andy Kaplan,Chief Financial Officer
Compensation*: $150,322

Chair of the Board: Peter Bloom
Chair's Profession / Business Affiliation: Business person

Board Size: 13

Paid Staff Size: 47

*July 1, 2009 - June 30, 2010 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances. The organization reports that it does not provide retirement, deferred compensation or other taxable allowances to staff.



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Fund Raising

               

Method(s) Used:

Grant proposals, Internet appeals, planned giving and cause-related marketing.
Fund raising costs were 2.7% of related contributions. (Related contributions, which totaled $24,427,898, 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 DC's audited financial statements for the fiscal year ended June 30, 2010. The organization reports that it does not provide retirement, deferred compensation or other taxable allowances to staff.

Source of Funds  
Contributions for classroom projects 17,776,627
Contributions for operating expenses 3,708,410
Contributions for program services and supporting services 2,418,473
Donated services, facilities and equipment 524,388
Interest income 89,819
Total Income $24,517,717


chart



Uses of Funds as a % of Total Expenses

Programs: 94%  Fund Raising: 3%  Administrative: 3% 

Total income   $24,517,717
  Program expenses $22,991,562
  Fund raising expenses 666,332
  Administrative expenses 817,831
 
Total expenses   $24,475,725
Income in Excess of Expenses   41,992
Beginning net assets   16,768,455
Ending net assets   16,810,447
Total liabilities   1,393,134
Total assets   $18,203,581

Note: According to its audited financial statements for the fiscal year ended June 30, 2010, DC had in-kind income of $524,388 for legal service ($233,422), computer hardware and software ($173,547), advertising ($112,034), and occupancy ($15,385).

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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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