BBB Wise Giving Report for
Aidmatrix Foundation

BBB Wise Giving Report issued May 2011
BBB Wise Giving Report expires May 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: Aidmatrix Foundation
Address: Post Office Box 631086
  Irving, TX 75063-1086
Phone: 866-881-8882
Web Address: www.aidmatrix.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 2003, Texas
Affiliates: None

Stated Purpose: "to bring help and hope to people who are suffering as a result of poverty or disaster by mobilizing the right aid to the right people at the right time."

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Evaluation Conclusions

               

Aidmatrix Foundation (Aidmatrix) does not meet the following Standard 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.

Aidmatrix does not meet this Standard because:

  • 2 members out of the 15 member board of directors (13%) are compensated. One is compensated directly as paid CEO  and the other indirectly as the father of a paid staff member.
Aidmatrix meets the remaining 19 Standards for Charity Accountability.
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Programs

               

Aidmatrix builds and operates supply chain technologies that support stakeholder groups in their efforts to solve the world's humanitarian crises. 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, 2009, Aidmatrix's program expenses were:

  
Program services 10,968,582
Total Program Expenses: $10,968,582
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Governance

               

Chief Executive : Governor Scott McCallum, Chief Executive Officer
Compensation*:
 $368,005

Chair of the Board: David B. Rich
Chair's Profession / Business Affiliation: Managing Director, Accenture Analytics, Accenture North America

Board Size: 15

Paid Staff Size: 19

*2009 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, Internet appeals, and planned giving.
Fund raising costs were 17% of related contributions. (Related contributions, which totaled $2,721,625, 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, 2009.

Source of Funds  
Contributions and grants 2,721,625
Program service fees 1,801,348
Other 210,640
Total Income $4,733,613


chart



Uses of Funds as a % of Total Expenses

Programs: 86%  Fund Raising: 4%  Administrative: 10% 

Total income   $4,733,613
  Program expenses $10,968,582
  Fund raising expenses 451,815
  Administrative expenses 1,327,427
 
Total expenses   $12,747,824
Expenses in Excess of Income   (8,014,211)
Beginning net assets   16,733,368
Ending net assets   8,719,157
Total liabilities   513,906
Total assets   $9,233,063

Note: According to Aidmatrix's 2009 audited financial statements, the organization had in-kind donations in the amount of $8,788,914 which includes software and equipment depreciation and amortization ($8,188,614), professional pro-bono services ($350,300), and transportation/delivery ($250,000).

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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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