2012 BBBEF Annual Report

  
     

Better Business Bureau Educational Foundation 2012 Annual Report

BBB Educational Foundation, Inc. (BBBEF) is a 501 (c) 3 non-profit charitable organization whose mission is to enhance consumer confidence through education and information. BBBEF is funded through donations and receives no state or federal money. All proceeds are tax deductible as a charitable contribution to BBB Educational Foundation. Our federal ID number is 52-1276325.

BBBEF programs include:

Education

BBB representatives educated members of organizations (i.e. Rotaries, senior centers, schools, churches, etc.) on common scams, helpful tips to become a savvy consumer, ways to find a reputable company, and more during 2012. BBB staff c
ooperated with the Council of Better Business Bureaus and FINRA to customize educational content and launch "Outsmarting Investment Fraud" seminars for seniors in the third and fourth quarters offering free training at senior centers in Baltimore City, Baltimore County, Cecil County and Frederick County. Staff also help roll-out content training for utilization by dozens of BBBs across the U.S.

Military Line
We provided free training, education and information to the U.S. Military through
BBB Military Line under an MOU with the Department of Defense. BBB staff served on the Board of the Maryland Financial Alliance and participated in functions at various installations including Aberdeen Proving Ground and Ft. George G. Meade.

Charity Review
The Foundation provides BBB Reviews on local charities. BBB Educational Foundation bases charity evaluations on board oversight, honesty and integrity in donor solicitations and a commitment to privacy.

BBBEF Community Highlights & Event
l Our annual Shred Day provided educational material on identity theft prevention and free, on-site shredding that resulted in the destruction of 21 tons of documents at three simultaneous locations
l Baby Boomer/Senior Expo Baltimore County
l Senior Expo Cecil County
l Baltimore Financial Planning Day
l Under the umbrella of Military Line BBBEF, staff attended a number of events and reached/trained over 600 service members, veterans and their families in 2012. In addition, through the FINRA outreach award, BBBEF provided training to 82 seniors on Outsmarting Investment Fraud.


BBBEF

Statement of Activities

31-Dec-12

Income

Contributions/unrestricted

13,904

Grants

10,750

Corporate sponsorships

4,500

Charity Seal Income

2,455

Golf-Wounded Warriors

13,179

Military Line Donations

1,100

Shred Day Sponsorship

27,500

Shred Day Donations

3,470

76,858

Expenses

Program Services

88,609

Management & General

681

Fundraising

4,644

93,934

Net Asset Change

Beginning Year Net Assets

14,325

End Year Net Assets

-6,740

Change in Net Assets

7,585

Total

Expenses

Expenses

Program Services

94.33%

Management & General

0.72%

Fundraising

4.94%

100.00%



Board of Directors

Chair

Ellie Meyd

Directors

Thomas Berenbach

Kevin Crysler

Kate Edwards

Sharon Kluth

Donna Kolb

Karen Lanthier

Charles Levine

Charles Luttrell

Martin Mooney

Jane Neboshynsky

Bill Pile

Kaitlin Radebaugh

Jason Watts

Staff

Angie Barnett

Melanie Rutkauskas
Jody Thomas



Breakdown of Expenses by Program

Total

Program

Consumer

Charity

Shred

Military

Torch

Expenses

Education

Review

Day

Line

Awards

Fee For Services

Rent

$4,000

$3,000

$300

$300

$300

$100

Salaries

$33,000

$24,000

$2,500

$5,000

$1,000

$500

Office Expense

$2,000

$900

$250

$500

$250

$100

Phones

$1,000

$600

$100

$100

$100

$100

Direct Expenses

$47,501

$8,669

$0

$34,594

$103

$4,135

Travel

$1,108

$500

$0

$500

$108

$0

$88,609

$37,669

$3,150

$40,994

$1,861

$4,935

Fundraising Expenses

Torch Awards Promotions

3,250

Torch Awards Activities

1,374

Fundraising Expense-Misc

20

4,644