Foundation for the Poor

Foundation for the Poor does not meet the following 9 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.

FFP does not meet this Standard because its board of directors does not:

• Have an approved conflict of interest policy.

Standard 2 (Number of Board Members)
Soliciting organizations shall have a board of directors with a minimum of five voting members.

FFP does not meet this Standard because:

• The organization has three voting members of the board.

Standard 3 (Frequency and Attendance of Board Meetings)
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.

FFP does not meet this Standard because:

• The board of directors held two meetings in 2024.

Standard 4 (Compensated Board Members)
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.

FFP does not meet this Standard because:

• The Chief Executive Officer also serves as the chair of the board of directors.
• Does not have a voting member of the board who is assigned the responsibility of serving as the treasurer.

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.

FFP does not meet this Standard because:

• The organization's effectiveness assessment policy does not specify that this assessment will take place at least once Every 2 Years.

Standard 14 (Budget)
Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.

FFP does not meet this Standard because:

• The organization did not produce a budget for 2025.

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.

FFP does not meet this Standard because the 2024 annual report did not include:

• A roster of the board of directors.
• A 2024 financial summary.

Standard 17 (Web Site Disclosures)
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.

FFP does not meet this Standard because the organization’s website, https://foundationforthepoorinc.org, does not include all of the recommended information for those charity websites that solicit for donations. Specifically, it does not include:

• Electronic access to the organization’s 2024 IRS Form 990-EZ.

Standard 18 (Privacy for Written Appeals & Internet Privacy)
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.

FFP does not meet this Standard because the privacy policy on its website, https://foundationforthepoorinc.org, does not indicate:

• What personal information is being collected and how it will be used.
• How to contact the charity to review personal information that is collected and request corrections.
• How to inform the charity that the visitor does not want his/her information shared with others.
• What security measures are in place to protect personal information that is collected.

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: 7, 13, 15

Foundation for the Poor meets the remaining 8 Standards for Charity Accountability.