BBB Wise Giving Report for
Injured Marine Semper Fi Fund

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


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: Injured Marine Semper Fi Fund
Address: Post Office Box 555193
  Camp Pendleton, CA 92055
Phone: 760-725-3680
Web Address: www.SemperFiFund.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 2004, California
Affiliates: None
Stated Purpose: "to provide financial assistance and quality of life solutions to Marines wounded in combat or injured in combat-related training, members of other services wounded or injured while supporting Marine units, families of these wounded and injured veterans."

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Evaluation Conclusions

               

Injured Marine Semper Fi Fund (IMSFF) 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.

IMSFF does not meet this Standard because:

  • Two (2) members out of the 12 member board of directors (17%) are paid staff members.
Injured Marine Semper Fi Fund (IMSFF) meets the remaining 19 Standards for Charity Accountability.
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Programs

               

IMSFF provides financial assistance and quality of life solutions for Marines and Sailors, as well as members of the Army, Air Force and Coast Guard who have served in support of Marine forces, when they become injured in post 9-11 combat or training operations, and their families. The organization provides relief for financial needs that arise during hospitalization and recovery as well as perpetuating needs such as home modifications, transportation and equipment.

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

  
Program services 9,700,739
Total Program Expenses: $9,700,739
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Governance

               

Chief Executive : Karen Guenther, Chief Executive Officer, President and Founder
Compensation*:
 $81,577

Chair of the Board: Alfred M. Gray
Chair's Profession / Business Affiliation: General, USMC (Ret), 29th Commandant of the Marine Corps

Board Size: 12

Paid Staff Size: 32

*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:

Print advertisements, grant proposals, planned giving and Internet appeals.
Fund raising costs were 2% of related contributions. (Related contributions, which totaled $9,479,334, are donations received as a result of fund raising activities.)
IMSFF incurred joint costs of $118,508 for informational materials and activities that included fund raising materials. Of those costs, $67,351 was allocated to program expenses and $51,157 was allocated to fund raising expenses.
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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 IMSFF's audited financial statements for the fiscal year ended June 30, 2009.

Source of Funds  
Contributions and gifts 7,817,157
Grant income 1,662,177
Investments -319,334
Total Income $9,160,000


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Uses of Funds as a % of Total Expenses

Programs: 93%  Fund Raising: 2%  Administrative: 5% 

Total income   $9,160,000
  Program expenses $9,700,739
  Fund raising expenses 218,988
  Administrative expenses 492,191
 
Total expenses   $10,411,918
Expenses in Excess of Income   (1,251,918)
Beginning net assets   9,942,222
Other Changes in Net Assets (4,136)
Ending net assets   8,686,168
Total liabilities   2,423,141
Total assets   $11,109,309

Note: In the financial section above, "other changes in net assets" refers to a loss on the disposition of assets.

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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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