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CHARITY REVIEW
Issued: October 2024 Expires: October 2026

My Stuff Bags Foundation

Accredited Charity
Accredited Charity

Meets Standards

Accreditation seal
5347 Sterling Center Drive
Westlake Village, CA, 91361

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

My Stuff Bags Foundation meets the 20 Standards for Charity Accountability.

Stated Purpose:
"to provide new belongings, comfort and hope to thousands of children each year who must be rescued from abuse, neglect, abandonment and homelessness across the United States."

Year, State Incorporated:
1998, CA

My Stuff Bags Foundation (MSBF) addresses the immediate physical and emotional needs of rescued children, and helps support the agencies caring for them, through the delivery of duffel bags filled with new belongings including toys, toiletry items, apparel, school supplies, items of comfort and a hand-made blanket. Each bags is age and gender specific, with a name tag so the child can take the bag with them as they transition to multiple sites. In 2023, MSBF distributed 19,937 bags to children in 12 states through 71 child protection agencies with the support of volunteers who prepared, stuffed and shipped My Stuff Bags throughout the year.

For the year ended December 31, 2023, My Stuff Bags Foundation's program expenses were:

Program services $2,256,747
Total Program Expenses $2,256,747

Chief Executive
Janeen Holmes, President and Chief Executive Officer

Compensation*
$158,193

Chair of the Board
Randy Strong

Chair's Profession / Business Affiliation
President, ACT Strong Marketing

Board Size
5

Paid Staff Size
5

*2023 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:
Direct mail appeals, Grant proposals, Internet

Fundraising costs were 3% of related contributions. (Related contributions, which totaled $2,632,953, 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 My Stuff Bags Foundation's audited financial statements for the year ended December 31, 2023.

Source of Funds
Contributions $659,247
In-kind contributions $1,973,706
Total Income $2,632,953

Programs: 94% Fundraising: 3% Administrative: 3%

Total Income $2,632,953
Total expenses: $2,397,073
  Program expenses $2,256,747
  Fundraising expenses $70,158
  Administrative expenses $70,168
  Other expenses $0
Income in Excess of Expenses $235,880
Beginning Net Assets $4,221,376
Other Changes In Net Assets $0
Ending Net Assets $4,457,256
Total Liabilities $791,367
Total Assets $5,248,623

Note: According to the organization's 2023 audited financial statements, MSBF received in-kind contributions totaling $1,963,206 in the form of children's goods.

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

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Report completed by:
BBB Wise Giving Alliance