Better Business Bureau Report for
Eagle's Nest Ministries

Better Business Bureau Report issued May 2006
Better Business Bureau Report expires May 2008


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:

Back To Top

Charity Contact Information

Name: Eagle's Nest Ministries
Address: 220 Union Street
  Butler , IL 62015
Phone: 217-532-6701
217-532-6980
Web Address: www.lovepackages.org
Back To Top

Better Business Bureau Comments

Year, State Incorporated: 1995, Illinois
Affiliates: None
Stated Purpose: exists to to see all excess, the Christian materials that are being wasted in America, placed on the mission fields of the world.

Back To Top

Evaluation Conclusions

              

Eagle's Nest Ministries (ENM) does not meet the following 11 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 does not have a board approved budget, CEO performance review policy, and a conflict of interest policy. 

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 are directly or indirectly compensated. 

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 a board policy on assessing organizational 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 a board policy on assessing organizational performance and effectiveness. 

Standard 9: Fund Raising Expense Ratio - Spending should be no more than 35% of related contributions on fund raising. Related contributions include donations, legacies, and other gifts received as a result of fund raising efforts.

This organization did not report any fundraising expenses on its 2004 IRS Form 990 but did participate in fundraising activities during that fiscal year. 

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 have financial statements reviewed by a certified public accountant. 

Standard 12: Detailed Functional Breakdown of Expenses - Include in the financial statements a breakdown of expenses (e.g., salaries, travel, postage, etc.) that shows what portion of these expenses was allocated to program, fund raising, and administrative activities. If the charity has more than one major program category, the schedule should provide a breakdown for each category.

This organization does not have its financial statements reviewed by a certified public accountant. 

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 did not report any fundraising expenses on its 2004 IRS Form 990 but did participate in fundraising activities during that fiscal year. 

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 have a board approved budget. 

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 does not have an annual report. 

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. 

In addition, the St. Louis Better Business Bureau requested but did not receive complete information on the organization’s governance and oversight and is unable to verify the organization's compliance with the following Standard for Charity Accountability: 3.
Eagle's Nest Ministries (ENM) meets the remaining 8 Standards for Charity Accountability.
Back To Top

Programs

              

Literature and Relief Supplies Disbursement

For the fiscal year ended December 31, 2004, ENM's program expenses were:

  
Literature Distribution 198,215
Orphan and Pastoral Support 7,740
Total Program Expenses: $205,955
Back To Top

Governance

              

Chief Executive : Steven Schmidt, President
Compensation*:
$26,000

Chair of the Board: Unknown
Chair's Profession / Business Affiliation: Unknown

Board Size: 6

Paid Staff Size: 3

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Back To Top

Fund Raising

              

Method(s) Used:

direct mail, internet
Back To Top

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.
Back To Top

Financial

              

The following information is based on ENM's IRS Form 990 for the fiscal year ended December 31, 2004.

Source of Funds  
Direct public support 207,335
Dividends and interest from securities 42
Total Income $207,377


chart



Uses of Funds as a % of Total Expenses

Programs: 87%    Administrative: 13% 

Total income   $207,377
  Program expenses $205,955
  Fund raising expenses
  Administrative expenses 30,075
 
Total expenses   $236,030
Expenses in Excess of Income   (28,653)
Beginning net assets   82,693
Ending net assets   53,940
Total liabilities  
Total assets   $53,940


Back To Top

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.

This report is not to be used for fund raising or promotional purposes.