Pajama Program meets the 20 Standards for Charity Accountability.
BBB WGA Comment
In finding that Pajama Program meets Standard 11, which calls in part for a charity to have audited financial statements that were completed in accordance with Generally Accepted Accounting Principles (GAAP), BBB WGA considered that, although the 2020 audit indicated that the auditor was unable to complete the statements in accordance with GAAP, there were extenuating circumstances. The auditor noted that the issue identified was the inability to confirm Pajama Program's physical inventory. In response to our report, the organization indicated that several factors, including a recent move to a new facility and the impact of the COVID-19 pandemic during 2020, prevented them from performing a full physical inventory or from moving to a different facility. They have indicated that they expect to resolve this issue and that their 2022 audited financial statements will show that they were completed in accordance with GAAP. BBB WGA will seek to confirm this in our next evaluation of the organization.
Pajama Program reports that it provides new pajamas and storybooks, sleep health education, and connections to ensure that children facing adversity - including low family income, housing insecurity, and family instability - have the tools they need for a comforting bedtime routine and healthy sleep. Pajama Program delivers materials, information, and support to children and their caregivers through a national network of volunteers and partnerships with 4,000 community-based organizations across the United States, including Puerto Rico. Pajama Program also provides local programming in New York City, Atlanta, and metro-Detroit.
For the year ended June 30, 2020, Pajama Program's program expenses were:
Program services |
$3,973,869 |
Total Program Expenses: |
$3,973,869 |
-
Chief Executive
Jamie Dyce, Executive Director
-
Compensation*
$189,089
-
Chair of the Board
Nick Berger
-
Chair's Profession / Business Affiliation
Managing Director, Newmark Knight Frank
-
Board Size
20
-
Paid Staff Size
13
*2019 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Cause- related marketing (affinity credit cards, consumer product sales, etc.)
Fundraising costs were 8% of related contributions. (Related contributions, which totaled $4,948,336, are donations received as a result of fundraising activities.)
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.
The following information is based on Pajama Program's audited financial statements for the year ended June 30, 2020.
Source of Funds |
Donated books and pajamas |
$2,569,056 |
Contributions |
$2,103,597 |
In-kind contributions |
$140,885 |
Special events, net |
$134,798 |
Interest income |
$36,683 |
Total Income |
$4,985,019 |
- Programs: 82%
- Administrative: 11%
- Fundraising: 7%
Total Income |
$4,985,019 |
Program expenses |
$3,973,869 |
Fundraising expenses |
$378,769 |
Administrative expenses |
$502,131 |
Other expenses |
$0 |
Total expenses: |
$4,854,769 |
Income in Excess of Expenses |
$130,250 |
Beginning Net Assets |
$4,865,256 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$4,995,506 |
Total Liabilities |
$337,702 |
Total Assets |
$5,333,208 |
Note: According to the organization's audited financial statements for the year ended June 30, 2020, Pajama Program received in-kind contributions totaling $2,709,941 in the form of pajamas and books ($2,569,056), occupancy ($97,750), and professional fees ($43,135).