BBB Wise Giving Report for
Project Peanut Butter

BBB Wise Giving Report issued July 2011
BBB Wise Giving Report expires July 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: Project Peanut Butter
Address: 7435 Flora Avenue
  St. Louis, MO 63143
Phone: 314-646-7191
314-799-4888
Web Address: www.projectpeanutbutter.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 2004, Missouri
Affiliates: None
Stated Purpose: "to advance the treatment of childhood malnutrition, the greatest contributor to child mortality in the world today, using effective, locally produced ready-to-use therapeutic foods."

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Evaluation Conclusions

              

Project Peanut Butter (PPB) does not meet the following 4 Standards for Charity Accountability.

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.

PPB does not meet this Standard because:

  • Two members out of the five member board of directors (40%) are compensated.  In addition, one of the members is a paid staff member who also serves as treasurer.  The second board member is indirectly compensated as the spouse of the paid CEO and also serves as the board's chair.

Standard 13: Accuracy of Expenses in Financial Statements - Accurately report the charity's expenses, including any joint cost allocations, in its financial statements. For example, audited or unaudited statements which inaccurately claim zero fund raising expenses or otherwise understate the amount a charity spends on fund raising, and/or overstate the amount it spends on programs will not meet this standard.

PPB does not meet this Standard because:

  • The Alliance disagrees with the organizaton's allocation of fund raising expenses.  According to PPB's audit for the year ended December 31, 2009, the only expenses allocated as fund raising were Advertising.   It is the Alliance's opinion that this does not accurately represent the organization's allocation of fund raising expenses, as it does not include expenses associated with salaries and other related costs for generating grant revenue. 

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.

PPB does not meet this standard because the most recent annual report did not include:

  • Total income.
  • Total program expenses.
  • Total fund raising expenses.
  • Total administrative expenses.
  • Total end of year net assets.

Standard 18: Privacy for Written Appeals & Internet Privacy - Address privacy concerns of donors by (a) providing in written appeals, at least annually, a means (e.g., such as a check off box) for both new and continuing donors to inform the charity if they do not want their name and address shared outside the organization, (b) providing a clear, prominent and easily accessible privacy policy on any of its websites that tells visitors (i) what information, if any, is being collected about them by the charity and how this information will be used, (ii) how to contact the charity to review personal information collected and request corrections, (iii) how to inform the charity (e.g., a check off box) that the visitor does not wish his/her personal information to be shared outside the organization, and (iv) what security measures the charity has in place to protect personal information.

PPB does not meet this Standard because the privacy policy on its website, www.projectpeanutbutter.org does not indicate:

  • How to contact the charity to review personal information that is collected and request corrections.
Project Peanut Butter (PPB) meets the remaining 16 Standards for Charity Accountability.
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Programs

              

PPB works to treat moderately and severely malnourished children and adults in sub-Saharan Africa, and other countries as needed. The organization provides locally produced Ready-To-Use-Therapeutic Food (RUTF), and facilitates distribution through education and training of local clinical offices and health providers. PPB has facilities in Malawi, Sierra Leone, and Mali, and has partnerships with clinics in Payatas, Philippines. The organization also advises several programs and orphanages that produce or distribute RUTF for use in their programs. PPB works to contribute to the eradication of malnutrition through improved formulas for treatment of target groups, such as HIV+ adults.

For the year ended December 31, 2009, PPB's program expenses were:

  
Programs 2,106,527
Total Program Expenses: $2,106,527
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Governance

              

Chief Executive : Mardi Manary, Administrator
Compensation*:
$36,000

Chair of the Board: Dr. Mark J. Manary
Chair's Profession / Business Affiliation: Physician

Board Size: 5

Paid Staff Size: 1

*2009 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

Grant proposals and Internet appeals.
Fund raising costs were 1% of related contributions. (Related contributions, which totaled $2,083,728, 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 PPB's audited financial statements for the year ended December 31, 2009.

Source of Funds  
Grants 1,390,141
Contributions 693,587
Investment income 1,751
Total Income $2,085,479


chart



Uses of Funds as a % of Total Expenses

Programs: 98%  Fund Raising: 1%  Administrative: 1% 

Total income   $2,085,479
  Program expenses $2,106,527
  Fund raising expenses 27,592
  Administrative expenses 17,748
 
Total expenses   $2,151,867
Expenses in Excess of Income   (66,388)
Beginning net assets   527,075
Ending net assets   460,687
Total liabilities   227,405
Total assets   $688,092


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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.

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