Better Business Bureau Report for
Children's Place Association

Better Business Bureau Report issued July 2016
Better Business Bureau Report expires July 2018


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Children's Place Association
Address: 700 N. Sacramento
Suite 300
  Chicago, IL 60612
Phone: 312-733-9954
Web Address: http://www.childrens-place.org
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Better Business Bureau Comments

Year, State Incorporated: 1989, Illinois
Affiliates: The Children's Place Fundraising Foundation, The Children's Place Home Health Services Corporation , The Children's Place Housing Corporation, Children's Place Community Living LLC
Stated Purpose: The mission of Children’s Place Association is building a secure and hopeful today so children facing health issues and poverty succeed tomorrow. For 25 years Children’s Place has transformed the lives of Chicago’s most vulnerable children and families – those overwhelmed by illness, poverty, homelessness and abandonment. We serve children and families affected by extreme poverty and health issues such as cancer, heart ailments, epilepsy, spina bifida and HIV/AIDS. Programs include nursing care, early childhood education, supportive housing, foster/adoptive care, mental health and supportive services for children and caregivers. Our comprehensive approach helps children and families overcome obstacles to break the cycle of poverty and illness.

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Evaluation Conclusions

              

Children's Place Association does not meet the following 2 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.

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.

Children's Place Association does not meet this Standard because, when the organization provided budget information, it indicated that the budget:

  • Did not identify total projected program service expenses.
  • Did not identify total projected administrative expenses.
In addition, the BBB of Chicago & Northern Illinois requested but did not receive complete information on the organization’s governance and oversight and is unable to verify the organization's compliance with the following Standard for Charity Accountability: 3.
Children's Place Association meets the remaining 17 Standards for Charity Accountability.
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Programs

              

Children’s Place Association provides critical assistance to children and their families in four key areas of impact: health, education, family stability and financial stability. Children’s Place offers center-based and home-based early childhood education initiatives that provide children affected by illness and poverty with high-quality curricula, specialized care and wrap-around services. A Residential Center provides 24-hour nursing care to children with serious health issues like cancer, heart ailments, epilepsy, spina bifida and HIV. Foster care and adoption services match children with capable, loving foster parents who are trained by our organization to care for each child’s specific needs. For children unable to return to their birth families, Children’s Place also facilitates adoption. Children’s Place provides supportive housing apartments and intensive services for families facing health issues and homelessness. Our Lucy R. Sprague Summer Camp is a four-week day camp for youth whose lives are impacted by HIV/AIDS. The camp provides a place for children to enjoy summer, build lasting friendships and learn about health and HIV without stigmatization. Mental health counseling helps children, parents and other family members learn coping skills to address emotional challenges, often related to serious illness. We offer targeted support groups for HIV-positive mothers, Spanish-speaking HIV-positive parents and HIV-positive teens. Case Managers and Family Support Specialists assess families’ needs and connect them to services and resources. They are advocates for our clients, helping them obtain emergency assistance, housing, medical care and educational resources for children.

For the fiscal year ended June 30, 2015, Children's Place Association's program expenses were:

  
Total Program Expenses: $
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Governance

              

Chief Executive :
Compensation*: 

Chair of the Board: Brenda Asare
Chair's Profession / Business Affiliation: The Alford Group

Board Size: 17

Paid Staff Size: 100

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

              

Method(s) Used:

direct mail, invitations to fund raising events, print advertisements, grant proposals, internet, membership
Fund raising costs were 4% of related contributions. (Related contributions, which totaled $8,405,965, 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 The Children's Place Association's audited financial statements for the fiscal year ended June 30, 2015.

Source of Funds  
Revenue & Grants from Government Agencies 4,938,370
Capital Grants from IHDA 2,683,007
Special Events, Net 461,018
Contributions for Programs 235,524
Net Assets Released from Restrictions 171,859
Other Grants and Contributions 88,046
Other Revenues 19,787
Investment Income (Loss) -63,624
Total Income $8,533,987


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Uses of Funds as a % of Total Expenses

Programs: 86%  Fund Raising: 6%  Administrative: 8% 

Total income $8,533,987
Program expenses $5,259,840
Fund raising expenses 376,020
Administrative expenses 516,672
Total expenses $6,152,532
Income in Excess of Expenses 2,381,455
Beginning net assets 4,718,887
Other Changes in Net Assets 380,037
Ending net assets 7,480,379
Total liabilities 2,301,197
Total assets $9,781,576


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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.

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