Vibha does not meet the following 2 Standards for Charity Accountability:
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.
Vibha does not meet this Standard because:
- The board of directors does not have a written policy stating that, at least every two years, an appraisal be done assessing the organization?s performance and effectiveness and determining future actions required to achieve its mission.
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.
Vibha does not meet this Standard because:
- The organization has not completed an effectiveness assessment in the last two years.
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:
19
Vibha meets the remaining 17 Standards for Charity Accountability.
Vibha reports that it seeks to identify and create solutions for systemic issues facing underprivileged children, including the provision of education, vocational training, healthcare for physically and mentally disabled children, and rescue and rehabilitation from vulnerable conditions. The organization partners with corporations, government agencies, other non-profit agencies, and volunteers to address child welfare issues in India and in economically distressed cities in the United States. Vibha also provides disaster relief assistance to affected communities.
For the year ended December 31, 2020, Vibha's program expenses were:
| Program services |
$958,779 |
| Total Program Expenses: |
$958,779 |
*2020 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Note: Vibha's reports that the Interim Chief Executive Officer volunteers his time with the organization and therefore does not receive compensation.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Cause- related marketing (affinity credit cards, consumer product sales, etc.), Other
Fundraising costs were 4% of related contributions. (Related contributions, which totaled $1,424,689 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 Vibha's audited financial statements for the year ended December 31, 2020.
| Source of Funds |
| Contributions |
$1,424,689 |
| Dividend and interest income |
$5,167 |
| Total Income |
$1,429,856 |
- Programs: 89%
- Administrative: 6%
- Fundraising: 5%
| Total Income |
$1,429,856 |
| Program expenses |
$958,779 |
| Fundraising expenses |
$57,323 |
| Administrative expenses |
$73,416 |
| Other expenses |
$0 |
| Total expenses: |
$1,089,518 |
| Income in Excess of Expenses |
$340,338 |
| Beginning Net Assets |
$1,514,563 |
| Other Changes In Net Assets |
$6,942 |
| Ending Net Assets |
$1,861,845 |
| Total Liabilities |
$35,533 |
| Total Assets |
$1,897,378 |
Note: As noted in the above financial section, "other changes in net assets" refers to prior year adjustments ($43,891) and unrealized loss on trading securities (-$36,949).