Better Business Bureau Report for
Hi-Tech Charities

Better Business Bureau Report issued July 2010
Better Business Bureau Report expires July 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...


Find out more about this charity:

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Charity Contact Information

Name: Hi-Tech Charities
Address: 1371 Hamilton Avenue
  St. Louis, MO 63112
Phone: 314-389-5737
Web Address: www.hitechcharities.org
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Better Business Bureau Comments

Formerly known as:N/A

Year, State Incorporated: 2001, Missouri
Affiliates: None
Stated Purpose: "exists to serve “at-risk” youth, seniors, and low-income individuals and families, especially in North St. Louis and Wellston."

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Evaluation Conclusions

               

Hi-Tech Charities (HTC) does not meet the following 3 Standards 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.

HTC does not meet this Standard because:

  • Three (3) member(s) out of the 17 member board of directors (17.7%) are compensated either directly or indirectly.

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.

HTC does not meet this Standard because it does not have a link to its most recent IRS Form 990 on its website. 

Standard 18: Privacy for Written Appeals & Internet Privacy - Address privacy concerns of donors by (a) providing in written appeals, at least annually, a means (e.g., such as a check off box) for both new and continuing donors to inform the charity if they do not want their name and address shared outside the organization, (b) providing a clear, prominent and easily accessible privacy policy on any of its websites that tells visitors (i) what information, if any, is being collected about them by the charity and how this information will be used, (ii) how to contact the charity to review personal information collected and request corrections, (iii) how to inform the charity (e.g., a check off box) that the visitor does not wish his/her personal information to be shared outside the organization, and (iv) what security measures the charity has in place to protect personal information.

HTC does not meet this Standard because it does not have an online privacy policy. 
Hi-Tech Charities (HTC) meets the remaining 17 Standards for Charity Accountability.
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Programs

               

Education Services TRiO Programs In Home Services Job Placement Services Counseling Services Health Services Childcare Services Laboratories and Library Services

For the fiscal year ended December 31, 2010, HTC's program expenses were:

  
Program Services 841,398
Total Program Expenses: $841,398
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Governance

               

Chief Executive : Francis Onukwue, President
Compensation*:
 $72,000

Chair of the Board: Herbert Jeffery
Chair's Profession / Business Affiliation: Principal, Normandy School District

Board Size: 17

Paid Staff Size: 20

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

               

Method(s) Used:

grant proposals
Fund raising costs were 1% of related contributions. (Related contributions, which totaled $998,444, 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 HTC's audited financial statements for the fiscal year ended December 31, 2010.

Source of Funds  
Grants 981,920
Tuition 50,250
Donations 16,524
Student Fees & Materials 4,975
Interest Income 324
Miscellaneous Income 187
Total Income $1,054,180


chart



Uses of Funds as a % of Total Expenses

Programs: 70%  Fund Raising: 1%  Administrative: 25%  Other Expenses: 4%

Total income   $1,054,180
  Program expenses $841,398
  Fund raising expenses 9,127
  Administrative expenses 307,959
  Other Expenses 54,075
Total expenses   $1,212,559
Expenses in Excess of Income   (158,379)
Beginning net assets   1,554,937
Ending net assets   1,396,558
Total liabilities   477,984
Total assets   $1,874,542


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