Charity Review

  • Issued: October 2013
  • Expires: October 2015

Meds & Food for Kids

Accredited Charity

Meets Standards

314-420-1634

4488 Forest Park, Suite 230
St. Louis, MO 63108

http://www.mfkhaiti.org

314-420-1634

4488 Forest Park, Suite 230
St. Louis, MO 63108

http://www.mfkhaiti.org

Accredited Charity

Meets Standards

Standards For Charity Accountability

Governance

  1. Board Oversight

    Oversight of Operations and Staff: Standard 1

    Description
    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.

    The organization meets this standard.

  2. Board Size

    Number of Board Members: Standard 2

    Description
    Soliciting organizations shall have a board of directors with a minimum of five voting members.

    The organization meets this standard.

  3. Board Meetings

    Frequency and Attendance of Board Meetings: Standard 3

    Description
    An organization shall have a minimum of three evenly spaced meetings per year of the full governing body with a majority in attendance, with face-to-face participation. A conference call of the full board can substitute for one of the three meetings of the governing body. For all meetings, alternative modes of participation are acceptable for those with physical disabilities.

    The organization meets this standard.

  4. Board Compensation

    Compensated Board Members: Standard 4

    Description
    Not more than one or 10% (whichever is greater) directly or indirectly compensated person(s) serving as voting member(s) of the board. Compensated members shall not serve as the board's chair or treasurer.

    The organization meets this standard.

  5. Conflict of Interest

    Conflict of Interest: Standard 5

    Description
    No transaction(s) in which any board or staff members have material conflicting interests with the charity resulting from any relationship or business affiliation. Factors that will be considered when concluding whether or not a related party transaction constitutes a conflict of interest and if such a conflict is material, include, but are not limited to: any arm's length procedures established by the charity; the size of the transaction relative to like expenses of the charity; whether the interested party participated in the board vote on the transaction; if competitive bids were sought and whether the transaction is one-time, recurring or ongoing.

    The organization meets this standard.

Measuring Effectiveness

  1. Effectiveness Policy

    Board Policy on Effectiveness: Standard 6

    Description
    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.

    The organization meets this standard.

  2. Effectiveness Report

    Board Approval of Written Report on Effectiveness: Standard 7

    Description
    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.

    The organization meets this standard.

Finances

  1. Program Expenses

    Program Service Expense Ratio: Standard 8

    Description
    Spend at least 65% of its total expenses on program activities.

    The organization meets this standard.

  2. Fund Raising Expenses

    Fund Raising Expense Ratio: Standard 9

    Description
    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.

    The organization meets this standard.

  3. Accumulating Funds

    Ending Net Assets: Standard 10

    Description
    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.

    The organization meets this standard.

  4. Audit Report

    Financial Statements: Standard 11

    Description
    Make available to all, on request, complete annual financial statements prepared in accordance with generally accepted accounting principles. When total annual gross income exceeds $500,000, these statements should be audited in accordance with generally accepted auditing standards. For charities whose annual gross income is less than $500,000, a review by a certified public accountant is sufficient to meet this standard. For charities whose annual gross income is less than $250,000, an internally produced, complete financial statement is sufficient to meet this standard.

    The organization meets this standard.

  5. Detailed Expense Breakdown

    Detailed Functional Breakdown of Expenses: Standard 12

    Description
    Include in the financial statements a breakdown of expenses (e.g., salaries, travel, postage, etc.) that shows what portion of these expenses was allocated to program, fund raising, and administrative activities. If the charity has more than one major program category, the schedule should provide a breakdown for each category.

    The organization meets this standard.

  6. Accurate Expense Reporting

    Accuracy of Expenses in Financial Statements: Standard 13

    Description
    Accurately report the charity's expenses, including any joint cost allocations, in its financial statements. For example, audited or unaudited statements which inaccurately claim zero fund raising expenses or otherwise understate the amount a charity spends on fund raising, and/or overstate the amount it spends on programs will not meet this standard.

    The organization meets this standard.

  7. Budget Plan

    Budget: Standard 14

    Description
    Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.

    The organization meets this standard.

Fund Raising & Info

  1. Truthful Materials

    Misleading Appeals: Standard 15

    Description
    Have solicitations and informational materials, distributed by any means, that are accurate, truthful and not misleading, both in whole and in part. Appeals that omit a clear description of program(s) for which contributions are sought will not meet this standard. A charity should also be able to substantiate that the timing and nature of its expenditures are in accordance with what is stated, expressed, or implied in the charity's solicitations.

    The organization meets this standard.

  2. Annual Report

    Annual Report: Standard 16

    Description
    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.

    The organization meets this standard.

  3. Website Disclosures

    Web Site Disclosures: Standard 17

    Description
    Include on any charity websites that solicit contributions, the same information that is recommended for annual reports, as well as the mailing address of the charity and electronic access to its most recent IRS Form 990.

    The organization meets this standard.

  4. Donor Privacy

    Privacy for Written Appeals & Internet Privacy: Standard 18

    Description
    Address privacy concerns of donors by (a) providing in written appeals, at least annually, a means (e.g., such as a check off box) for both new and continuing donors to inform the charity if they do not want their name and address shared outside the organization, (b) providing a clear, prominent and easily accessible privacy policy on any of its websites that tells visitors (i) what information, if any, is being collected about them by the charity and how this information will be used, (ii) how to contact the charity to review personal information collected and request corrections, (iii) how to inform the charity (e.g., a check off box) that the visitor does not wish his/her personal information to be shared outside the organization, and (iv) what security measures the charity has in place to protect personal information.

    The organization meets this standard.

  5. Cause Marketing Disclosures

    Cause Related Marketing: Standard 19

    Description
    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).

    The organization meets this standard.

  6. Complaints

    Complaints: Standard 20

    Description
    Respond promptly to and act on complaints brought to its attention by the BBB Wise Giving Alliance and/or local Better Business Bureaus about fund raising practices, privacy policy violations and/or other issues.

    The organization meets this standard.

Conclusion

Meds & Food for Kids meets the 20 Standards for Charity Accountability.

Purpose

  • Year, State Incorporated

    2004, Missouri

  • Stated Purpose

    "to save the lives of Haiti's malnourished children and other nutritionally vulnerable people."

Programs

MFK develops, produces and distributes Ready to Use Therapeutic and Supplementary Foods in Haiti (RUTF). In addition to treating and preventing childhood malnutrition, MFK engages in economic development in Haiti. The organization reports that they make the food products in Haiti, using local raw materials as much as possible. The MFK factory provides jobs to more than 40 Haitians. MFK further contributes to development in Haiti by investing in local agriculture. MFK produces “Medika Mamba,” or peanut butter medicine in Haitian Creole. Medika Mamba is an effective, low cost treatment for severe malnutrition that can be administered on an outpatient basis. The organization reports that through May 2013 they have produced enough Medika Mamba to save 78,000 children. MFK is introducing a new product called “Vita Mamba,” which is a new, nutritious, daily school snack and a USDA funded pilot project. In addition, MFK’s two other prevention products include “Mamba Djanm,” which provides essential vitamins, minerals and calories to prevent or treat moderate malnutrition in children and to supplement pregnant and lactating women. MFK has studied and documented the efficacy of "Nutributter," which prevents malnutrition and promotes physical and mental growth in at risk infants 6-24 months. MFK hopes to be able to produce and distribute this product in the future.

For the year ended December 31, 2012, MFK's program expenses were:

Project expenses 1,876,625
USDA grant 415,165
Total Program Expenses: $2,291,790

Governance & Staff

  • Chief Executive

    Patricia Wolff, Executive Director

  • Compensation*

    $0

  • Chair of the Board

    Mark Briehan

  • Chair's Profession / Business Affiliation

    President of Breihan Properties

  • Board Size

    14

  • Paid Staff Size

    45

*2012 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances. The organization reports that the Executive Director is not compensated.

Fund Raising

Method(s) Used:

Direct mail, special events, print advertisements, grant proposals, Internet appeals and planned giving.
Fund raising costs were 10% of related contributions. (Related contributions, which totaled $2,170,734, are donations received as a result of fund raising activities.)

Tax Status

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.

Financial

The following information is based on MFK's audited financial statements for the year ended December 31, 2012.

Source of Funds
Mamba Sales 1,496,556
Contributions 870,537
Grants 787,510
Non-cash contributions 278,046
Gala income 234,641
Other 20,904
Interest income 3,256
Total Income $3,691,450
  • Programs: 88%
  • Fundraising: 8%
  • Administrative: 4%
Total Income $3,691,450
Program expenses 2,291,790
Fundraising expenses $209,608
Administrative expenses $110,246
Total expenses: $2,611,644
Income in Excess of Expenses 1,079,806
Beginning Net Assets 3,065,011
Ending Net Assets 4,144,817
Total Liabilities 1,418,334
Total Assets 5,563,151

Note: For the year ended December 31, 2012, MFK received $278,046 in donated equipment and supplies.

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