BBB Wise Giving Report for
Aidmatrix Foundation

BBB Wise Giving Report issued March 2009
BBB Wise Giving Report expires March 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: Aidmatrix Foundation
Address: 11701 Luna Road
  Dallas , TX 75234
Phone: 469-357-3329
Web Address: www.aidmatrix.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 2000, Texas
Affiliates: None

Stated Purpose: "to leverage the power of partnerships and technology to alleviate human suffering."

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Evaluation Conclusions

               

Aidmatrix Foundation (Aidmatrix) meets the 20Standards for Charity Accountability.
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Programs

               

Aidmatrix builds and operates technology hubs that support stakeholder groups in their efforts to work together to solve the humanitarian crises around the world. Aidmatrix collects surplus products and goods including food, clothing, building supplies, medical or educational supplies, and cash. It also organizes the distribution of the goods to people in need through a network of charitable organizations on five continents.

For the year ended December 31, 2007, Aidmatrix's program expenses were:

  
Program services 11,023,612
Total Program Expenses: $11,023,612
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Governance

               

Chief Executive : Scott McCallum, Chief Executive Officer
Compensation*:
 $282,015

Chair of the Board: David Rich
Chair's Profession / Business Affiliation: Managing Partner, Accenture

Board Size: 10

Paid Staff Size: 21

*2007 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Special events, grant proposals, and Internet appeals
Fund raising costs were 1% of related contributions. (Related contributions, which totaled $16,108,981, 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 Aidmatrix's audited financial statements for the year ended December 31, 2007.

Source of Funds  
Contributions and grants 16,108,981
Program service fees 1,208,643
Other 286,729
Total Income $17,604,353


chart



Uses of Funds as a % of Total Expenses

Programs: 96%  Fund Raising: 1%  Administrative: 3% 

Total income   $17,604,353
  Program expenses $11,023,612
  Fund raising expenses 94,193
  Administrative expenses 330,823
 
Total expenses   $11,448,628
Income in Excess of Expenses   6,155,725
Beginning net assets   8,814,964
Ending net assets   14,970,689
Total liabilities   12,044
Total assets   $14,982,733

Note: According to Aidmatrix's 2007 audited financial statements, the organization received $14,602,000 in in-kind donations which includes software ($11,186,000), technology services ($2,824,000), consulting services ($517,000), and rent ($75,000).

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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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