Our Aim Foundation

Our Aim Foundation does not meet the following 10 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.

Our Aim does not meet this Standard because its board of directors does not:

• Have a voting member of the board who is assigned the responsibility of serving as the treasurer.

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.

Our Aim does not meet this Standard because:

• The Chief Executive Officer also serves as the chair of the board of directors.

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.

Our Aim 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 two years.

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.

Our Aim does not meet this Standard because:

• The organization did not produce a written report outlining the results of its January 2025 effectiveness assessment.

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.

Our Aim does not meet this Standard because:

• According to the organization's 2023 IRS Form 990, Our Aim's total unrestricted net assets were $1,513,266, or 4.95 times the charity's total budgeted expenses of $282,228.

Standard 11 (Financial Statements)
Make available to all, on request, complete annual financial statements prepared in accordance with generally accepted accounting principles. When total annual gross income exceeds $1 million, these statements should be audited in accordance with generally accepted auditing standards. For charities whose annual gross income is less than $1 million, 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.

Our Aim does not meet this Standard because:

• Although the organization's 2023 IRS Form 990 shows revenue totaling $609,459, Our Aim states it does not have financial statements that were reviewed by a certified public accountant (CPA).

Standard 13 (Accuracy of Expenses in Financial Statements)
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.

Our Aim does not meet this Standard because its 2023 IRS Form 990:

• The BBB Wise Giving Alliance disagrees with the organization’s allocation of fundraising and administrative expenses. According to Our Aim’s 2023 IRS Form 990, the organization allocated no expenses as fundraising or administrative expenses. It is BBB Wise Giving Alliance’s position that a portion of ordinary office expenses, advertising and promotion, and other expenses associated with raising grant and other contributions revenue, should be allocated as administrative or fundraising expenses.

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.

Our Aim does not meet this Standard because, when the organization provided 2025 budget information, it indicated that the budget:

• Did not identify total projected program service expenses.
• Did not identify total projected fundraising expenses.
• Did not identify total projected administrative expenses.

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.

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

• A 2024 financial summary.

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.

Our Aim does not meet this Standard because:

• The organization's website, https://ouraim.org/, does not provide access to a privacy policy.

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: 2, 3, 15

Our Aim Foundation meets the remaining 7 Standards for Charity Accountability.