Better Business Bureau Report for
St. Benedict Center for Early Childhood Education

Better Business Bureau Report issued December 2014
Better Business Bureau Report expires December 2016


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: St. Benedict Center for Early Childhood Education
Address: 946 S. 25th Street
  Louisville, KY 40210
Phone: 502-772-7324
Web Address: www.stbenedictcenterlouisville.com
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Better Business Bureau Comments

Year, State Incorporated: 1971, Kentucky
Affiliates: None
Stated Purpose: The mission of St. Benedict Center is to provide quality childcare for families in the community. St. Benedict Center provides child care services for children six weeks to twelve years of age. Approximately 83% of the children are from families that are at or below the poverty level. Fees for child care services are received from third party reimbursement programs and daily parent charges. Support is also received in the form of a contribution from Metro United Way.

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Evaluation Conclusions

              

St. Benedict Center for Early Childhood Education ( ) meets the 20 Standards for Charity Accountability.
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Programs

              

St. Benedict Center strives to provide opportunities and experiences enabling children to grow physically, psychologically, intellectually, and socially, in a caring, loving, and safe environment. Daily programs include teacher directed activities in language arts, music, science, reading readiness, art, outdoor play, dance, and free play. The Center also provides breakfast, lunch, and an afternoon supplement for the children through a federally subsidized nutrition program.

For the fiscal year ended June 30, 2015, St. Benedict Center for Early Childhood Education's program expenses were:

  
Program Services 745,484
Total Program Expenses: $745,484
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Governance

              

Chief Executive : Antoinette Gray, Interim Center Director
Compensation*: 

Chair of the Board: Adam Hall
Chair's Profession / Business Affiliation: Assistant Vice President, Fifth Third Bank

Board Size: 8

Paid Staff Size: 20

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

              

Method(s) Used:

Primary method of fund raising include grants and internet appeals. The agency also generates significant revenues from fees and grants from government agencies.

In addition, the St. Benedict Center for Early Childhood Education is a Metro United Way member agency.




Fund raising costs were 6% of related contributions. (Related contributions, which totaled $238,263, are donations received as a result of fund raising activities.)
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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.
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Financial

              

The following information is based on St. Benedict Center for Early Childhood Education's audited financial statements for the fiscal year ended June 30, 2015.

Ending net assets as reported below include $699,229 in unrestricted net assets and $44,104 in temporarily restricted net assets.

Total assets as reported include $716,454 invested in property and equipment, net.


Source of Funds  
Program service income 473,649
Contributions and grants 238,263
Interest and dividend income 2,796
Loss on disposal of property and equipment -29
Total Income $714,679


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Uses of Funds as a % of Total Expenses

Programs: 87%  Fund Raising: 2%  Administrative: 11% 

Total income $714,679
Program expenses $745,484
Fund raising expenses 15,192
Administrative expenses 91,188
Total expenses $851,864
Expenses in Excess of Income (137,185)
Beginning net assets 880,518
Ending net assets 743,333
Total liabilities 43,284
Total assets $786,617

This report was originally issued in December 2014. Financial information was updated in March 2016.

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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 BBB 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 Council of Better Business Bureaus, Inc.

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

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