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New York BBB Wise Giving Report for
Children's Storefront

A BBB Accredited charity

 


  • Meets all standards

Expiration Date:
09/2015
Name:
The Children's Storefront
Address:
70 East 129th Street
New York, NY 10035
Phone:
212-427-7900
Year, State Incorporated:
1977, New York
Affiliates:
None
Stated Purpose:
" Provides a comprehensive education to children with varied academic strengths from preschool through eighth grade. "






Evaluation Conclusions
 

              
The Children's Storefront (CS) meets the 20 Standards for Charity Accountability.




Programs
 

              
The Children's Storefront (CS) is an independent tuition-free school in Harlem. CS works with families and community members to prepare children academically for further education, empowering each child to reach his or her own potential. Additionally, CS inspires creativity and imagination while promoting hard work, mutual respect, and service.



Governance
 

              
Chief Executive Officer:
Ms. Wendy Reynoso, Executive Director
Compensation*:
$150,000
Chair of the Board:
Mr. Ray A. Cameron
Board Size:
26
Paid Staff Size:
49



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




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, invitations to fund raising events, grant proposals.
Fund raising costs were 13.5% of related contributions. (Related contributions, which totaled $4,213,686, are donations received as a result of fund raising activities.)




Tax Status
 

              
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.




Financial
 

              
The following information is based on CS's Audited Financial Statements for the fiscal year ended June 30, 2012.

Source of Funds  

Contributions

$2,715,846

Special Events Revenues

1,289,354

Government Service Revenues

208,486

Investment Income

108,750

Other Revenues

14,241

Total Income

$4,336,677

Program Expenses  

Educational Services

$3,006,369
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses
Other Expenses

Total expenses

Income in Excess of Expenses

3,006,369
569,393
351,375
197,677

$4,124,814

$211,863




Uses of Funds as a % of Total Expenses


Programs: 73%  Fund Raising: 14%  Administrative 9%  Other Expenses: 5%
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $6,140,019
Ending net assets 6,380,917
Total liabilities 638,035

Total assets

$7,018,952






 

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. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.