Better Business Bureau Report for
Family Foundation of Virginia

Better Business Bureau Report issued August 2012
Better Business Bureau Report expires August 2014


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: Family Foundation of Virginia
Address: 919 East Main Street, Suite 1110
  Richmond, VA 23219
Phone: 804-343-0010
Web Address: www.familyfoundation.org
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Better Business Bureau Comments

Year, State Incorporated: 1985, Virginia
Affiliates: Prince William/Manassas Family Alliance, and 7 chapters
Stated Purpose: Our mission is to strengthen families by applying faith and founding principles to public policy and culture.

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Programs

              

At the Capitol: Advocate pro-family issues in the General Assembly Strategize with elected officials Testify in legislative committee meetings Produce issue briefs and policy papers Host pro-family lobby day at the state capitol In your community: Present pro-family perspective in the media Partner with Family Foundation Action to produce and distribute non-partisan Voter Guides and Report Cards Mobilize citizens to action on key legislation through email, postcards and phone calls Educate through local briefings Host nationally renowned speakers In your home: Activate and educate through Email Alert Network Inform through web site – www.familyfoundation.org Update families with monthly newsletters Connect citizens to the Virginia Prayer Network Educate youth through internships

For the fiscal year ended June 30, 2011, Family Foundation of Virginia's program expenses were:

  
Salaries and Wages 240,117
Special Events 84,467
All Others 72,859
Postage and Shipping 36,662
Rent 30,172
Payroll Taxes 15,879
Professional Fees 14,256
Telephone 14,040
Total Program Expenses: $508,452
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Governance

              

Chief Executive : Victoria E. Cobb, President
Compensation*: 

Chair of the Board: David R. Barrett
Chair's Profession / Business Affiliation: Asset management and investment services.

Board Size: 21

Paid Staff Size: 8

*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, telephone, invitations to fund raising events, internet, planned giving arrangements
Fund raising costs were 17% of related contributions. (Related contributions, which totaled $809,912, 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 Family Foundation of Virginia's audited financial statements for the fiscal year ended June 30, 2011.

Source of Funds  
Contributions 499,286
Special Events 310,626
Investment Income 2,209
Other Income 1,856
Total Income $813,977


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Uses of Funds as a % of Total Expenses

Programs: 70%  Fund Raising: 18%  Administrative: 12% 

Total income $813,977
Program expenses $508,452
Fund raising expenses 134,380
Administrative expenses 90,567
Total expenses $733,399
Income in Excess of Expenses 80,578
Beginning net assets 303,572
Ending net assets 384,150
Total liabilities 21,645
Total assets $405,795


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Evaluation Conclusions

              

Family Foundation of Virginia does not meet the following 2 Standards for Charity Accountability.

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.

Family Foundation of Virginia does not meet this standard because the most recent annual report did not include:

  • A roster of the board of directors
  • Total income.
  • Total program expenses.
  • Total expenses for each program in the same categories that appear in the organization’s financial statements.
  • Total fund raising expenses.
  • Total administrative expenses.
  • Total end of year net assets.

Standard 17: Web Site Disclosures - Include on any charity websites that solicit contributions, the same information that is recommended for annual reports, as well as the mailing address of the charity and electronic access to its most recent IRS Form 990.

Family Foundation of Virginia does not meet this Standard because the organization's website, www.familyfoundation.org, does not include all of the recommended information for those charity websites that solicit for donations. Specifically, it does not include:

  • Total income.
  • Total program expenses.
  • Total fund raising expenses.
  • Total administrative expenses.
  • End of year net assets.
  • Electronic access to the organization’s most recent IRS Form 990.
Family Foundation of Virginia meets the remaining 18 Standards for Charity Accountability.
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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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