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CHARITY REVIEW
Issued: April 2024 Expires: April 2026

Street Business School

Standards Not Met
Standards Not Met
1 6 7 12 14 16
Post Office Box 20848
Boulder, CO, 80308

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

Street Business School does not meet the following 6 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.

SBS 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 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.

SBS 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.

SBS does not meet this Standard because:

  • Although the organization produced a written report for its September 2023 effectiveness assessment, the report did not include recommendations for future actions.

Standard 12 (Detailed Functional Breakdown of Expenses)
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.

SBS does not meet this Standard because, in the organization's financial statements for the year ended June 30, 2022, the detailed functional breakdown of expenses:

  • Only included one program service category. It did not include a detailed breakdown of expenses for each of its major program activities including training, communications, learning lab, monitoring and evaluation, and Scale Up.

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.

SBS does not meet this Standard because, when the organization provided 2024 budget information, it indicated that the budget:

  • Did not identify total projected program service expenses including a breakdown by major program category (training, communications, learning lab, monitoring and evaluation, and Scale Up).
  • 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.

SBS does not meet this Standard because the 2022 annual report did not include:

  • Total expenses for each program in the same categories that appear in the organization’s financial statements including training, communications, learning lab, monitoring and evaluation, and Scale Up.

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: 15

Street Business School meets the remaining 13 Standards for Charity Accountability.

Stated Purpose:
"to end global poverty by empowering women to become thriving entrepreneurs, lifting their families to a vibrant future."

Year, State Incorporated:
2018, CO

Street Business School (SBS) reports that it is an entrepreneurship training program tailored to provide opportunity and advance women experiencing extreme poverty. The organization's curriculum addresses barriers women experiencing extreme poverty face to improve their financial situation, build hard skills, such as bookkeeping and customer care, as well as a sense of empowerment and dignity. SBS states that its network of more than 250 organizations embeds the SBS curriculum alongside its existing program initiatives focused on anti-human trafficking, serving people with disabilities, and providing health services. In 2022, the organization reports that it trained 39,700 individuals and operated in 26 countries.

For the year ended June 30, 2022, Street Business School's program expenses were:

Scale Up $572,401
Communications $569,305
Training $284,240
Monitoring and evaluation $244,566
Learning lab $232,837
Total Program Expenses $1,903,349

Chief Executive
Deepti Mathew, Chief Executive Officer

Compensation*
$211,393

Chair of the Board
Barbara Lawson

Chair's Profession / Business Affiliation
Retired, Chief Executive Officer, The Kidney TRUST

Board Size
9

Paid Staff Size
35

*2021 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Planned giving arrangements, Telephone appeals

Fundraising costs were 8% of related contributions. (Related contributions, which totaled $1,635,297, 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 Street Business School's audited financial statements for the year ended June 30, 2022.

Source of Funds
Contributions $1,635,297
Training fees $93,708
Other income $3,246
Investment income, net $-62,494
Total Income $1,669,757

Programs: 81% Fundraising: 5% Administrative: 14%

Total Income $1,669,757
Total expenses: $2,353,357
  Program expenses $1,903,349
  Fundraising expenses $125,766
  Administrative expenses $324,242
  Other expenses $0
Income in Excess of Expenses $-683,600
Beginning Net Assets $3,092,675
Other Changes In Net Assets $0
Ending Net Assets $2,409,075
Total Liabilities $99,122
Total Assets $2,508,197

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