Better Business Bureau Report for
Reliv Kalogris Foundation

Better Business Bureau Report issued September 2009
Better Business Bureau Report expires September 2010


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Reliv Kalogris Foundation
Address: 136 Chesterfield Industrial Blvd.
  Chesterfield , MO 63005
Phone: 636-537-9715
Web Address: www.reliv.com
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Better Business Bureau Comments

Year, State Incorporated: 1994, Illinois
Affiliates: None
Stated Purpose: exists to "Nourish Our World" by providing Reliv nutritional supplements to support needy individuals and organizations throughout the world.

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Evaluation Conclusions

               

Reliv Kalogris Foundation (RK ) does not meet the following Standard for Charity Accountability.

Standard 11: Financial Statements - Make available to all, on request, complete annual financial statements prepared in accordance with generally accepted accounting principles. When total annual gross income exceeds $250,000, these statements should be audited in accordance with generally accepted auditing standards. For charities whose annual gross income is less than $250,000, a review by a certified public accountant is sufficient to meet this standard. For charities whose annual gross income is less than $100,000, an internally produced, complete financial statement is sufficient to meet this standard.

This organization does not meet this Standard because its audited financial statements were not prepared in accordance with Generally Accepted Accounting Principles (GAAP).
Reliv Kalogris Foundation (RK ) meets the remaining 19 Standards for Charity Accountability.
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Programs

               

Providing nutrional products or money to the indigent and victims of natural disasters or organizations that provide assistance. In 2007, these grants were typically made in the United States, Philippines, Malaysia, and Haiti.

For the fiscal year ended December 31, 2007, program expenses were:

  
Disbursements 659,835
Total Program Expenses: $659,835
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Governance

               

Chief Executive : Reggie Ament , Director
Compensation*:

Chair of the Board: Scott Montgomery
Chair's Profession / Business Affiliation: President and COO, Reliv International

Board Size: 6

Paid Staff Size: 2

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

               

Method(s) Used:

internet, Presentations at Conferences
Fund raising costs were 8% of related contributions. (Related contributions, which totaled $993,161, 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 audited financial statements for the year ended December 31, 2007.

Source of Funds  
Contributions 918,373
Fundraising 65,699
Interest 11,795
Donation from Foundation Sponsor 9,089
Total Income $1,004,956


chart



Uses of Funds as a % of Total Expenses

Programs: 87%  Fund Raising: 10%  Administrative: 3% 

Total income   $1,004,956
  Program expenses $659,835
  Fund raising expenses 75,142
  Administrative expenses 20,617
 
Total expenses   $755,594
Income in Excess of Expenses   249,362
Beginning net assets   489,796
Ending net assets   739,158
Total liabilities  
Total assets   $739,158


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