Bbb Wise Giving Alliance is located in Arlington, VA. The organization was established in 1976. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Bbb Wise Giving Alliance employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bbb Wise Giving Alliance is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Bbb Wise Giving Alliance generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHEN PUBLIC CONFIDENCE IN CHARITIES BY PROMOTING WISE GIVING & TRUSTWORTHY CHARITY PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BBB WGA PRODUCES ABOUT 1,500 REPORTS ON NATIONALLY-SOLICTING CHARITIES BASED ON THE 20 BBB STANDARDS FOR CHARITY ACCOUNTABILITY. PUBLIC INQUIIES HELP DETERMINE WHICH CHARITIES ARE EVALUATED. CHARITIES CAN ALSO REQUEST TO BE EVALUATED. PRODUCES A WISE GIVING GUIDE MAGAZINE THREE TIMES PER YEAR, WHICH INCLUDES A SUMMARY LIST OF CHARITY EVALUATIONS. CHARITIES THAT MEET ALL 20 STANDARDS ARE CALLED BBB ACCREDITED CHARITIES. THERE IS NO CHARGE FOR CHARITY ACCREDITATION AND THE RESULTING REPORTS ARE FREE TO THE PUBLIC AT GIVE.ORG. ACCREDITED CHARITIES HAVE THE OPTION OF LICENSING A BBB CHARITY SEAL FOR A SLIDING SCALE FEE. OF THE CHARITIES THAT PROVIDE REQUESTED INFORMATION, 70% WERE FOUND TO MEET ALL 2O BBB CHARITY STANDARDS AND 30% DID NOT MEET ONE OR MORE OF THE STANDARDS.THE CURRENT NAME, BBB WISE GIVING ALLIANCE (BBB WGA) BEGAN TO BE USED IN 2001. HOWEVER, UNDER PREVIOUS NAMES, THE LEGACY OF BBB REPORTING ON NATIONAL CHARITIES DATES BACK TO THE 1920'S.IN ADDITION TO ITS LONG HISTORY, ONE OF THE KEY DISTINCTIONS BETWEEN BBB WGA AND OTHER CHARITY MONITORING ORGANIZATIONS IS THAT IT IS A STANDARDS-BASED CHARITY EVALUATOR. THE 20 BBB STANDARDS FOR CHARITY ACCOUNTABILITY ADDRESS, AMONG OTHER THINGS, CHARITY GOVERNANCE, FINANCES, RESULTS REPORTING, TRANSPARENCY AND ACCURATE APPEALS. THESE STANDARDS SERVE AS THE BASIS FOR RIGOROUS EVALUATIONS COMPLETED BY THE BBB WGA EXPERT RESEARCH STAFF. A DETAILED EXPLANATION OF HOW EACH STANDARD IS APPLIED APPEARS ON GIVE.ORG.BBB WGA PUBLISHES A MAGAZINE THREE TIMES A YEAR, THE WISE GIVING GUIDE, THAT FEATURES COVER STORIES ON CHARITY ACCOUNTABILITY TOPICS ALONG WITH A SUMMARY CHART OF ITS MOST CURRENT NATIONAL CHARITY EVALUATIONS. COVER STORY TOPICS IN 2022 INCLUDED CYPTO-PHILANTHROPY, UKRAINE CHARITY RELIEF, AND A DONOR HANDBOOK OF BASIC GIVING TIPS.THE GIVE.ORG WEBSITE INCLUDES A WEEKLY "WISE GIVING WEDNESDAY' POSTING THAT ADDRESSES VARIOUS CHARITY ACOUNTABILITY ISSUES, SUCH AS ADVICE ON GIVING TO DISASTER RELIEF ORGANIZATIONS AND SIGNALS OF TRUST FOR CHARITIES. IN SEPTEMBER 2022, THIS BLOG REACHED 400 POSTINGS. THE BLOG ALSO INCLUDES A 'BUILDING TRUST' VIDEO SERIES WHICH CONSISTS OF INTERVIEWS WITH CEO'S OF MAJOR CHARITABLE ORGANIZATIONS. DURING 2022, WISE GIVING WEDNESDAY FEATURED A SERIES OF ENTRIES FOCUSING ON DONATIONS TO ASSIST UKRAINE RELIEF EFFORTS AND HOW TO ASSIST UKRAINIAN REFUGEES THAT FLED TO NEIGHBORING COUNTRIES. IN NOVEMBER 2022, BBB WGA RELEASED THE FIFTH EDITION OF THE GIVE.ORG DONOR TRUST REPORT. THIS FIVE-YEAR REVIEW OF TRUST AND GIVING ATTITUDES INVOLVED AN ANNUAL ONLINE SURVEY OF 2,100 ADULTS IN THE U.S AND 1,000 IN CANADA, THAT EXPLORES DONOR BELIEFS, FEELINGS, AND BEHAVIORAL INTENTIONS RELATED TO CHARITY TRUST AND GIVING. KEY FINDINGS INCLUDED: DURING THIS FIVE-YEAR PERIOD, MOST PARTICIPANTS EXPRESSED IT IS ESSENTIAL TO TRUST A CHARITY BEFORE GIVING, BUT ONLY 17-20% (DEPENDING ON THE YEAR) REPORT A HIGH LEVEL OF TRUST IN CHARTIES. THE PORTION OF RESPONDENTS THAT 'HIGHLY TRUST' DIFFERENT TYPES OF CHARITIES INCREASED FOR 12 OF 13 CATEGORIES BETWEEN DECEMBER 2020 AND DECVEMBER 2021. THE EXCEPTION WAS ENVIRONMENTAL ORGANIZATIONS. IN JUNE 2022, BBB WGA DISTRIBUTED A SPECIAL EDITION OF THE GIVE.ORG DONOR TRUST REPORT THAT FOCUSED ON DEI (DIVERSITY,EQUITY AND INCLUSION). THE STUDY FOUND THAT MOST PARTICIPANTS (54%) ASSYNE THAT HAVING A MORE DIVERSE, EQUITABLE, AND INCLUSIVE BOARD AND STAFF HAS A POSITIVE EFFECT ON HOW TRUSTWORTHY THE CHARITY IS. IN OCTOBER 2022, BBB WGA PARICIPATED IN INTERNATIONAL CHARITY FRAUD AWARENESS WEEK WHICH REPRESENTS AN INTERNATIONAL COALTION OF GOVERNMENT REGULATORS, LAW ENFORCEMENT AGENCIES, CHARITIES AND OTHERS SEEKING TO ADDRESS CHARITY FRAUD ISSUES. BBB WGA DISTRIBURED DONOR ADVICE ON CYBERSECURITY CHARITY FRAUD CUATIONS.
IN 2022 BBB WGA CONTINUED GIVESAFELY.IO THIS IS A SECURE TRUST BASED DONATION PLATFORM FOR BBB ACCREDITED CHARITIES (I.E., CHARITIES THAT MEET BBB CHARITY STANDARDS). IT AIMS TO PROTECT DONORS' PERSONAL DATA BY USE OF THE BLOCKCHAIN. DATA IS ONLY PASSED ON TO THE CHARITY WITH THE DONORS' CONSENT. IT ALSO ENABLES DONORS TO DONATE WITH CRYPTOCURRENCY. DURING 2022, BBB WGA CONTINUED TO HOLD A SERIES OF NO-CHARGE VIDEO MEETINGS WITH CHARITY EXECUTIVES. THIS WAS INTENDED TO SERVE AS A VIRTUAL WORKSHOP SERIES WHERE BBB ACCREDITED CHARITIES CONNECT AND INTERACT WITH EXPERTS AND COLLEAGUES IN THE CHARITABLE SECTOR TO DISCUSS CHARITABLE SECTOR ISSUES OF INTEREST.THE HEART OF GIVING PODCAST ENTERED ITS THIRD YEAR OF PRODUCTION IN 2022. THIS WEEKLY SERIEDS INVOLVES A DETAILED DISUCSSIONS WITH CHARITY SECTOR LEADERS ON VARIOUS TOPICS SUCH AS THE MOTIVATATIONS BEHIND WHAT WE GIVE AND WHAT DROVE CHARITY EXECUTIVES TO A CAREER OF SERVICE AND GIVING.THE ADVANCING COLLABORATION PROJECT STARTED IN 2017 AS AN ARTICLE SERIES CREATED IN PARTNERSHIP WITH STANFORD SOCIAL INNOVATION REVIEW. THESE ARTICLES SOUGHT TO ENCOURAGE CHARITIES TO SEEK OUT NEW PARTNERSHIPS AS A WAY TO REACH LARGER AUDIENCES WHILE SHARING RISK AND HELPING ACHIEVE MORE THAN AN ORGANIZATION CAN DO ALONE. BBB WGA'S WEBSITE PROVIDES EXAMPLES OF COLLABORATIONS FROM A VARIETY OF CHARITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Andras Kosaras Treasurer | OfficerTrustee | 1 | $0 |
Anne Schelle Board Member | Trustee | 1 | $0 |
Bonnie Benhayon Chair | OfficerTrustee | 1 | $0 |
Chuck Bean Board Member | Trustee | 1 | $0 |
Elizabeth Mong Board Member | Trustee | 1 | $0 |
Janice Lachance Vice Chair | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $263,269 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $263,269 |
Total Program Service Revenue | $1,946,615 |
Investment income | $3 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,209,887 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $814,775 |
Compensation of current officers, directors, key employees. | $48,887 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $679,531 |
Pension plan accruals and contributions | $89,422 |
Other employee benefits | $76,470 |
Payroll taxes | $101,083 |
Fees for services: Management | $0 |
Fees for services: Legal | $17,455 |
Fees for services: Accounting | $51,377 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $103,558 |
Advertising and promotion | $0 |
Office expenses | $56,623 |
Information technology | $67,525 |
Royalties | $0 |
Occupancy | $49,156 |
Travel | $3,409 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $13,395 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $39,181 |
Insurance | $14,399 |
All other expenses | $20,199 |
Total functional expenses | $2,391,273 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,543,765 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $53,354 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $21,686 |
Net Land, buildings, and equipment | $22,855 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $8,170 |
Total assets | $1,649,830 |
Accounts payable and accrued expenses | $93,503 |
Grants payable | $0 |
Deferred revenue | $915,231 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,008,734 |
Net assets without donor restrictions | $641,096 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,649,830 |