Global Heritage Fund does not meet the following 3 Standards for Charity Accountability:
Standard 8 (Program Service Expense Ratio)
Spend at least 65% of its total expenses on program activities.
GHF does not meet this Standard because:
- According to the organization's CPA-reviewed financial statements for the 15-month period ended 3/31/2020, the organization spent $916,912 or 54% of its total expenses on programs.
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.
GHF does not meet this Standard because the 2020 annual report did not include:
- A roster of the board of directors.
- 2020 financial information.
Standard 19 (Cause Related Marketing)
Clearly disclose how the charity benefits from the sale of products or services (i.e., cause-related marketing) that state or imply that a charity will benefit from a consumer sale or transaction. Such promotions should disclose, at the point of solicitation: (a) the actual or anticipated portion of the purchase price that will benefit the charity (e.g., 5 cents will be contributed to abc charity for every xyz company product sold), (b) the duration of the campaign (e.g., the month of October), (c) any maximum or guaranteed minimum contribution amount (e.g., up to a maximum of $200,000).
GHF does not meet this Standard because, in the past year, the organization participated in a promotion for the sale of consumer goods which indicated that the organization would benefit from these purchases. The promotion, however, did not specify:
- The actual or anticipated amount of the purchase price that would benefit the organization.
The BBB Wise Giving Alliance requested but did not receive complete information from the organization and is unable to verify the organization's compliance with the following Standard(s) for Charity Accountability:
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Global Heritage Fund meets the remaining 16 Standards for Charity Accountability.
Global Heritage Fund (GHF) partners with civil societies, nonprofit organizations, business and governments on heritage preservation and community development projects around the world.
For the year ended March 31, 2020, Global Heritage Fund's program expenses were:
Program services |
$916,912 |
Total Program Expenses: |
$916,912 |
*2019 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Planned giving arrangements, Cause- related marketing (affinity credit cards, consumer product sales, etc.)
Fundraising costs were 33% of related contributions. (Related contributions, which totaled $1,236,865, 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 Global Heritage Fund's audited financial statements - consolidated for the year ended March 31, 2020.
Source of Funds |
Contributions |
$1,208,889 |
Other revenue |
$38,177 |
In-kind revenue |
$27,976 |
Total Income |
$1,275,042 |
- Programs: 55%
- Fundraising: 24%
- Administrative: 21%
Total Income |
$1,275,042 |
Program expenses |
$916,912 |
Fundraising expenses |
$409,766 |
Administrative expenses |
$370,005 |
Other expenses |
$0 |
Total expenses: |
$1,696,683 |
Income in Excess of Expenses |
$-421,641 |
Beginning Net Assets |
$1,043,003 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$621,362 |
Total Liabilities |
$104,551 |
Total Assets |
$725,913 |
Note 1: In the financial section above, a 15-month period was used in calculations, from January 1, 2019 through March 31, 2020.
Note 2: According to GHF's 2019-2020 audited financial statements - consolidated -, the organization received in-kind contributions totaling $27,976.