BBB Wise Giving Report for
Warm Blankets Children's Foundation

BBB Wise Giving Report issued September 2010
BBB Wise Giving Report expires September 2012


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: Warm Blankets Children's Foundation
Address: 5105 Tollview Drive,
Suite 155
  Rolling Meadows, IL 60008
Phone: 847-577-1070
Web Address: www.warmblankets.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1999, Illinois
Affiliates: None

Stated Purpose: “to restore the lives of orphans in partnership with churches, corporations, organizations and individuals who have a passion to help needy, parentless children.”

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Evaluation Conclusions

               

WBCF meets the 20 Standards for Charity Accountability.
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Programs

               

WBCF works in Africa, Cambodia, India, Indonesia, and Thailand to build awareness of the despair faced by orphaned children around the world and provides resources that meet their physical, educational, emotional, social, and spiritual needs. WBCF also aims to provide sponsorship and serving opportunities that support Christian homes for orphans worldwide. This includes creating a communication link between children and their sponsors and identifying extra opportunities to serve the homes they sponsor.

For the fiscal year ended June 30, 2009, WBCF's program expenses were:

  
Program services 3,036,261
Total Program Expenses: $3,036,261
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Governance

               

Chief Executive : Craig A. Muller, Executive Director
Compensation*:
 $63,462

Chair of the Board: Mike Patterson
Chair's Profession / Business Affiliation: Founder and President, On Track Leadership

Board Size: 5

Paid Staff Size: 10

*July 1, 2008 - June 30, 2009 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, telemarketing, special events, print advertisements, television, radio, grant proposals, Internet appeals, and planned giving.
Fund raising costs were 8% of related contributions. (Related contributions, which totaled $3,190,020, 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 WBCF's audited financial statements for the fiscal year ended June 30, 2009.

Source of Funds  
Contributions 2,380,885
In-kind contributions 809,135
Interest and dividends 7,134
Unrealized gain on investments 25
Change in value of contributions receivable from trusts -60,772
Total Income $3,136,407


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Uses of Funds as a % of Total Expenses

Programs: 87%  Fund Raising: 8%  Administrative: 5% 

Total income   $3,136,407
  Program expenses $3,036,261
  Fund raising expenses 264,667
  Administrative expenses 160,011
 
Total expenses   $3,460,939
Expenses in Excess of Income   (324,532)
Beginning net assets   1,255,947
Ending net assets   931,415
Total liabilities   54,254
Total assets   $985,669


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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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