Better Business Bureau Report for
Advancing Renewal Ministries

Better Business Bureau Report issued September 2005
Better Business Bureau Report expires September 2007


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: Advancing Renewal Ministries
Address: 11615 Sir Francis Drake
  Charlotte , NC 28277
Phone: 704-846-9355
Web Address:
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Better Business Bureau Comments

Year, State Incorporated:
Affiliates:
Stated Purpose:

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Evaluation Conclusions

              

Advancing Renewal Ministries (ARM) does not meet the following 8 Standards for Charity Accountability.

Standard 1: Oversight of Operations and Staff - Organizations shall have a board of directors that provides adequate oversight of the charity's operations and its staff. Indication of adequate oversight includes, but is not limited to, regularly scheduled appraisals of the CEO's performance, evidence of disbursement controls such as board approval of the budget, fund raising practices, establishment of a conflict of interest policy, and establishment of accounting procedures sufficient to safeguard charity finances.

This organization did not send the BBB a copy of its financial statements and does not have a conflict of interest policy. 

Standard 2: Number of Board Members - Soliciting organizations shall have a board of directors with a minimum of five voting members.

This organization has four voting members of its board. 

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.

50% of this organization's board of directors is compensated.  In addition, the president of the organization is also the chairman of the board and his spouse is the vice chair of the board. 

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.

This organization does not have an official board policy of assessing the organization's performance and effectiveness. 

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.

This organization does not have an official board policy on measuring organizational performance and effectiveness assessments. 

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 $500,000, these statements should be audited in accordance with generally accepted auditing standards. For charities whose annual gross income is less than $500,000, a review by a certified public accountant is sufficient to meet this standard. For charities whose annual gross income is less than $250,000, an internally produced, complete financial statement is sufficient to meet this standard.

This organization did not send the BBB financial statements. 

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.

This organization did not send the BBB an annual report. 

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.

This 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 governance and oversight and finances and is unable to verify the organization's compliance with the following 2Standards for Charity Accountability: 3 and 12.
Advancing Renewal Ministries (ARM) meets the remaining 10 Standards for Charity Accountability.
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Programs

              

Teaching Christian leaders, assisting missionaries, education, and financial support.

For the fiscal year ended January 31, 2004, ARM's program expenses were:

  
Support to evanglists and missionaries 127,988
Total Program Expenses: $127,988
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Governance

              

Chief Executive : Rev. Dr. Arthur Vincent , President
Compensation*: 
$50,950

Chair of the Board: Rev. Dr. Arthur Vincent
Chair's Profession / Business Affiliation: President, Advancing Renewal Ministries

Board Size: 4

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, Monthly newsletters
Fund raising costs were 9% of related contributions. (Related contributions, which totaled $230,961, 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 ARM's IRS Form 990 for the fiscal year ended January 31, 2004.

Source of Funds  
Direct public support 230,961
Interest on savings and temporary cash investments 92
Total Income $231,053


chart



Uses of Funds as a % of Total Expenses

Programs: 68%  Fund Raising: 11%  Administrative: 21% 

Total income $231,053
Program expenses $127,988
Fund raising expenses 19,871
Administrative expenses 40,197
Total expenses $188,056
Income in Excess of Expenses 42,997
Beginning net assets 62,180
Ending net assets 105,177
Total liabilities (1,176)
Total assets $104,001


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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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