We Raise Foundation does not meet the following 5 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.
WRF does not meet this Standard because its board of directors does not:
- Receive information about the financial arrangements made with outside fundraising firms hired during the year ended June 30, 2021.
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.
WRF 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.
WRF does not meet this Standard because:
- Although the organization produced a written effectiveness assessment report for its May 2021 assessment, the report was not submitted for approval to the board of directors.
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.
WRF does not meet this Standard because:
- According to its audited financial statements for the year ended June 30, 2021, the organization's fundraising costs were 37% ($416,315) of related contributions, which totaled $1,132,769.
Standard 10 (Ending Net Assets)
Avoid accumulating funds that could be used for current program activities. To meet this standard, the charity's unrestricted net assets available for use should not be more than three times the size of the past year's expenses or three times the size of the current year's budget, whichever is higher.
WRF does not meet this Standard because:
- According to the organization's audited financial statements for the year ended June 30, 2021, total unrestricted net assets ($7,093,891) were 3.7 times greater than total expenses ($1,899,280).
We Raise Foundation meets the remaining 15 Standards for Charity Accountability.
We Raise Foundation (WRF) reports that it provides grants to Christian organizations to support and develop sustainable programs that address poverty, violence, and inequality. The organization supplies support for education and training of professionals and other leaders in the Christian community in designing or operating projects. In 2021, WRF states that distributed 17 grants that served more than 5,380 individuals.
For the year ended June 30, 2021, We Raise Foundation's program expenses were:
| Grants and projects |
$677,434 |
| Program education |
$360,247 |
| Program support |
$264,271 |
| Total Program Expenses: |
$1,301,952 |
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Chief Executive
Paul C. Miles, President and Chief Executive Officer
-
Compensation*
$321,272
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Chair of the Board
Darron Lowe
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Chair's Profession / Business Affiliation
Vice President, Wells Fargo Consumer Credit Solutions
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Board Size
8
-
Paid Staff Size
4
*2020 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Membership appeals, Planned giving arrangements, Cause- related marketing (affinity credit cards, consumer product sales, etc.), Other
WRF incurred joint costs of $55,624 for informational materials and activities that included fundraising materials. Of those costs $46,867 was allocated to fundraising expenses and $8,775 was allocated to program expenses.
Note: As noted in the above financial section, "other changes in net assets" refers to a change in value of funds held in trust by others.
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 We Raise Foundation's audited financial statements for the year ended June 30, 2021.
| Source of Funds |
| Investment income, net |
$2,376,249 |
| Individual contributions |
$794,147 |
| Government grants |
$185,935 |
| Planned gifts |
$97,537 |
| Organizations |
$55,150 |
| Total Income |
$3,509,018 |
- Programs: 69%
- Fundraising: 22%
- Administrative: 9%
| Total Income |
$3,509,018 |
| Program expenses |
$1,301,952 |
| Fundraising expenses |
$416,315 |
| Administrative expenses |
$181,013 |
| Other expenses |
$0 |
| Total expenses: |
$1,899,280 |
| Income in Excess of Expenses |
$1,609,738 |
| Beginning Net Assets |
$9,883,379 |
| Other Changes In Net Assets |
$467,313 |
| Ending Net Assets |
$11,960,430 |
| Total Liabilities |
$709,165 |
| Total Assets |
$12,669,595 |