Selfless Love Foundation does not meet the following 4 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.
SLF does not meet this Standard because its board of directors does not:
- Review the performance of the Chief Executive Officer at least once every two years.
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.
SLF does not meet this Standard because:
- The board of directors does not have a written policy stating that, at least every two years, an appraisal be done assessing the organization’s performance and effectiveness and determining future actions required to achieve its mission.
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.
SLF does not meet this Standard because:
- The organization has not completed an effectiveness assessment in the last two years.
Standard 8 (Program Service Expense Ratio)
Spend at least 65% of its total expenses on program activities.
SLF does not meet this Standard because:
- According to its audited financial statements for the year ended December 31, 2019, the organization spent $876,338 or 63% of its total expenses on programs.
Selfless Love Foundation meets the remaining 16 Standards for Charity Accountability.
Selfless Love Foundation (SLF) reports that it supports current and former foster youth in the state of Florida. The organization's Adoption Share's Family Match program utilizes data to assist case workers in simplifying the process to identify adoptive families for children in the foster care system. SLF offers transitional housing for teenagers who age out of the foster care system, where the young adults are offered leadership training and support services so that they may become self-sufficient adults. The organization also partners with state agencies, legislators, and child welfare partners to strengthen the foster care system and advocates for policies to improve foster care adoptions and assist with the transition towards independent living. In 2019, SLF states that it registered more than 700 foster children, matched 260 foster children with adoptive families, assisted in adopting out 95 foster children, and provided 40 young adults with supportive housing.
For the year ended December 31, 2019, Selfless Love Foundation's program expenses were:
Program services |
$876,338 |
Total Program Expenses: |
$876,338 |
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Chief Executive
Ashley Brown, Founder and Chief Executive Officer
-
Compensation*
$0
-
Chair of the Board
Edward Brown
-
Chair's Profession / Business Affiliation
Co-Founder, Selfless Love Foundation
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Board Size
5
-
Paid Staff Size
7
*2019 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Note: SLF reports that Ashley Brown volunteers her time to the organization and therefore does not receive compensation. Elizabeth Wynter serves as the organization's Executive Director, receiving $200,000 in compensation.
Method(s) Used:
Grant proposals, Internet, Invitations to fund raising events, Planned giving arrangements, Print advertisements (newspapers, magazines, etc.), Telephone appeals, Radio, Cause- related marketing (affinity credit cards, consumer product sales, etc.)
Fundraising costs were 7% of related contributions. (Related contributions, which totaled $2,134,792 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 Selfless Love Foundation's audited financial statements for the year ended December 31, 2019.
Source of Funds |
Special events, net |
$1,525,227 |
Contributions |
$585,565 |
In-kind contributions |
$24,000 |
Investment income, net |
$2,761 |
Total Income |
$2,137,553 |
- Programs: 63%
- Administrative: 26%
- Fundraising: 11%
Total Income |
$2,137,553 |
Program expenses |
$876,338 |
Fundraising expenses |
$157,613 |
Administrative expenses |
$361,659 |
Other expenses |
$0 |
Total expenses: |
$1,395,610 |
Income in Excess of Expenses |
$741,943 |
Beginning Net Assets |
$119,774 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$861,717 |
Total Liabilities |
$580,820 |
Total Assets |
$1,442,537 |
Note: According to SLF's 2019 audited financial statements, the organization received $220,843 in contributed goods and services including auction items ($206,343) and information technology ($14,500).