Better Business Bureau Report for
St. Louis Public Schools Foundation

Better Business Bureau Report issued November 2008
Better Business Bureau Report expires November 2010


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: St. Louis Public Schools Foundation
Address: 1415 Olive Street
Suite 100
  St. Louis, MO 63103-2315
Phone: 314-436-2025
Web Address: www.slpsfoundation.org
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Better Business Bureau Comments

Year, State Incorporated: 1998, Missouri
Affiliates: None
Stated Purpose: exists to fund projects and activities with a measurable impact on academic achievement, high school graduation rates, and the successful transition to post-secondary goals, such as college or entry into the workforce to ensure that each student has the opportunity to become a productive citizen.

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Evaluation Conclusions

              

St. Louis Public Schools Foundation (STLPSF) does not meet the following 7 Standards for Charity Accountability.

Standard 6: Board Policy on Effectiveness - Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.

The organization does not meet this Standard because its effectiveness assessment policy does not specify that this assessment will take place at least once every two years.

Standard 7: Board Approval of Written Report on Effectiveness - Submit to the organization's governing body, for its approval, a written report that outlines the results of the aforementioned performance and effectiveness assessment and recommendations for future actions.

The organization does not meet this Standard because it did not produce a written report outlining the results of the effectiveness assessment.

Standard 13: Accuracy of Expenses in Financial Statements - Accurately report the charity's expenses, including any joint cost allocations, in its financial statements. For example, audited or unaudited statements which inaccurately claim zero fund raising expenses or otherwise understate the amount a charity spends on fund raising, and/or overstate the amount it spends on programs will not meet this standard.

This organization claims $0 in fundraising expenses. 

Standard 14: Budget - Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.

This organization does not meet this Standard because the budget provided by the organization does not clearly identify the projected amounts to be spent on each of the major program service activities.

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.

The organization does not meet this Standard because it states it does not have an annual report covering activities conducted in the past year.

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.

This organization solicits donations via its website; however, it does not have its annual report information or a link to its most recent IRS Form 990 on the site. 

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.

The organization does not have an online privacy policy. 

In addition, the St. Louis Better Business Bureau requested but did not receive complete information on the organization’s finances and is unable to verify the organization's compliance with the following Standard for Charity Accountability: 9.
St. Louis Public Schools Foundation (STLPSF) meets the remaining 12 Standards for Charity Accountability.
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Programs

              

The St. Louis Public Schools Foundation is the only funding organization that has the unique and specific mission of supporting the St. Louis Public Schools. Its strategic goals are: Learning Readiness Initiatives targeted to provide basic necessities to students who do not otherwise qualify for assistance in areas related to cognitive readiness, health and nutrition, clothing and school supplies so that each student can come to school ready to learn. Post-Secondary Readiness Initiatives that help prepare students for post-secondary opportunities and provide them with resources, through scholarships or other means, to assist them in furthering their education and pursuing their dreams. Technology Integration Initiatives designed to facilitate system-wide technology changes that have been identified by the school district and the community as critical and desirable. Such system changes include the utilization of technology for the advancement of learning and the improvement of administrative processes. Staff Attraction, Retention and Development Initiatives targeted to supplement the activities of the school district in recruiting and retaining top quality teachers and administrators. Community Engagement Initiatives designed to promote awareness of the need to support the St. Louis Public Schools and to facilitate the increased involvement of the community with the district. Artistic, Creative and Personal Development Initiatives designed to enhance student potential and improve academic achievement through artistic, creative, personal development and other types of enrichment programs.

For the fiscal year ended June 30, 2007, STLPSF's program expenses were:

  
Academic Resources 211,844
Student Development 199,582
Community Engagement 71,462
Total Program Expenses: $482,888
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Governance

              

Chief Executive : C. Christopher Lee, Executive Director
Compensation*:
$54,000

Chair of the Board: Daniel Cole
Chair's Profession / Business Affiliation: Senior Vice President, Ameren Corporation

Board Size: 13

Paid Staff Size: 1

*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, grant proposals
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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 STLPSF's audited financial statements for the fiscal year ended June 30, 2007.

Source of Funds  
Contributions 348,736
Investment Income 31,035
Donated Material/Facility 4,000
Total Income $383,771


chart



Uses of Funds as a % of Total Expenses

Programs: 88%    Administrative: 12% 

Total income   $383,771
  Program expenses $482,888
  Fund raising expenses 0
  Administrative expenses 68,256
 
Total expenses   $551,424
Expenses in Excess of Income   (167,653)
Beginning net assets   890,051
Ending net assets   722,398
Total liabilities  
Total assets   $722,398


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