Better Business Bureau Report for
Centerstone of Kentucky

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


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Centerstone of Kentucky
Address: 10101 Linn Station Road, Ste. 600
  Louisville, KY 40223
Phone: 502-589-8600
Web Address: http://centerstoneky.org/
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Better Business Bureau Comments

Formerly known as:Seven Counties Services

Year, State Incorporated: 1978, Kentucky
Affiliates: Centerstone of America, Centerstone of Indiana, Centerstone of Illinois, Centerstone of Florida, Centerstone of Tennessee, Bridgehaven Mental Health Services, Volunteers of America Mid-States, Inc., Wellspring, Inc., University of Louisville Emergency Psychiatric Services - UofL Department of Psychiatry, SCS Learning Inc. (Learning RX)
Stated Purpose: Noble Purpose: Delivering Care That Changes People’s Lives. For more information visit centerstoneky.org. Centerstone and Seven Counties Services on Oct. 31, 2016 announced that they had finalized an affiliation to combine their operations, creating a five-state, non-profit behavioral health organization serving more than 150,000 people of all ages annually. The organization changed its name to Centerstone of Kentucky on Nov. 1, 2016.

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Evaluation Conclusions

              

Centerstone of Kentucky meets the 20 Standards for Charity Accountability.
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Programs

              

Centerstone is one of the nation’s largest not-for-profit providers of community-based behavioral health care, offering a full range of mental health services, substance abuse treatment and intellectual and developmental disabilities services in Florida, Illinois, Indiana, Kentucky and Tennessee. In 2015, we served over 100,000 individuals and families. Centerstone is delivering care that changes people’s lives. *Over 60 years in existence *Serving more than 100,000 children, adolescents, adults, seniors and their families annually *More than 150 facilities and outreach in over 220 schools and community partnership locations throughout Florida, Illinois, Indiana, Kentucky and Tennessee *CARF accredited *On the forefront in research and technology For over 60 years, Centerstone has responded to the behavioral health care needs of individuals and families, regardless of age or the severity of challenges. Our broad range of professional services is designed to ensure that sensitive, individualized care is available to everyone seeking help.

For the fiscal year ended June 30, 2016, Centerstone of Kentucky's program expenses were:

  
Mental Health 50,222,533
Trust and Agency Programs 14,320,149
Developmental Disabilities 9,787,703
Chemical Dependency 9,004,446
SCS Learning Inc 565,449
Total Program Expenses: $83,900,280
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Governance

              

Chief Executive : Anthony "Tony" Zipple, Sc.D.,MBA, President & CEO
Compensation*: 

Chair of the Board: Michael Ringswald
Chair's Profession / Business Affiliation: Attorney & Banker

Board Size: 23

Paid Staff Size: 1483

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

              

Method(s) Used:

Methods of fund raising include invitations to fund raising events, print advertisements, television, radio, grant proposals, and internet appeals.

In addition, Centerstone of Kentucky is a Metro United Way member agency.

Fund raising costs were 1% of related contributions. (Related contributions, which totaled $21,614,706, 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 Seven Counties Services audited financial statements - consolidated for the fiscal year ended June 30, 2016.

Ending net assets as reported below include $19,192,685 in unrestricted net assets and $2,726,006 in temporarily restricted net assets.

Total assets as reported include $13,632,741 invested in property, land, and equipment.

Source of Funds  
Net Reimbursements under Medicaid 61,636,021
Federal, State and Local Grants 21,614,706
Reimbursements under Kentucky Department for Behavioral Health, Development and Intellectual Disabilities 15,601,434
Private Pay and Commercial Insurance 2,746,594
Other Revenues 1,996,415
Net Reimbursements under Medicare 1,015,992
Assets released from restrictions 377,175
Provision for Bad Debts -5,376,701
Total Income $99,611,636


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Uses of Funds as a % of Total Expenses

Programs: 85%  Fund Raising: Less than 1%  Administrative: 15% 

Total income $99,611,636
Program expenses $83,900,280
Fund raising expenses 193,322
Administrative expenses 14,897,559
Total expenses $98,991,161
Income in Excess of Expenses 620,475
Beginning net assets 21,234,592
Other Changes in Net Assets 63,624
Ending net assets 21,918,691
Total liabilities 12,377,953
Total assets $34,296,644


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