Better Business Bureau Report for
Fern Creek Highview United Ministries

Better Business Bureau Report issued May 2018
Better Business Bureau Report expires May 2019


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: Fern Creek Highview United Ministries
Address: 9300 Beulah Church Road
  Louisville, KY 40291
Phone: 502-762-9608
Web Address: www.fchum.org
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Better Business Bureau Comments

Year, State Incorporated: 1988, Kentucky
Affiliates: None
Stated Purpose: To unite the community in providing needed social services primarily to persons in the Fern Creek/Highview area, to improve the quality of life, and to provide programs and activities that will foster human growth and development without regard to race, creed, marital status, or disability.

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Evaluation Conclusions

              

Fern Creek Highview United Ministries does not meet the following Standard for Charity Accountability.

Standard 11: Financial Statements - Make available to all, on request, complete annual financial statements prepared in accordance with generally accepted accounting principles. When total annual gross income exceeds $500,000, these statements should be audited in accordance with generally accepted auditing standards. For charities whose annual gross income is less than $500,000, a review by a certified public accountant is sufficient to meet this standard. For charities whose annual gross income is less than $250,000, an internally produced, complete financial statement is sufficient to meet this standard.

Fern Creek Highview United Ministries does not meet this Standard because:

  • The organization does not have audited financial statements for the past fiscal year, which is required for charities with revenues more than $500,000. 
Executive Director Ron Loughry said at this time an audit would be cost prohibitive for the nonprofit. Rev. Ron Loughry states, “ FCHUM’s annual budgets barely exceed the $400,000 level, but because of some assets it appears that income is much higher.” FCHUM does have an annual 990 prepared by a CPA. FCHUM also, periodically, has CPA financial reviews completed.
Fern Creek Highview United Ministries meets the remaining 19 Standards for Charity Accountability.
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Programs

              

Fern Creek Highview United Ministries provides food, financial help for utilities and rent, and counseling on life processes. In addition, FCHUM is a state licensed health model Adult Day Care, operating from 8am-5pm during the week.

For the fiscal year ended June 30, 2017, Fern Creek Highview United Ministries's program expenses were:

  
Program Services 518,826
Total Program Expenses: $518,826
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Governance

              

Chief Executive : Ron Loughry, Executive Director
Compensation*: 
$47,350

Chair of the Board: Joyce Curry
Chair's Profession / Business Affiliation:

Board Size: 26

Paid Staff Size: 10

*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 direct mail, invitations to fund raising events, grant proposals, and internet appeals. Fern Creek Highview United Ministries also receives financial support from member churches.
Fund raising costs were 0% of related contributions. (Related contributions, which totaled $27,767, 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 Fern Creek Highview United Ministries's IRS Form 990 for the fiscal year ended June 30, 2017.

Ending net assets as reported below are unrestricted net assets.

Total assets as reported include $529,110 invested in land, buildings and equipment, net.

Source of Funds  
Contributions 250,114
Program service revenue 182,980
Government grants 73,000
Fundraising events 44,032
Investment income 8,119
Total Income $558,245


chart



Uses of Funds as a % of Total Expenses

Programs: 94%  Fund Raising: Less than 1%  Administrative: 6% 

Total income $558,245
Program expenses $518,826
Fund raising expenses 500
Administrative expenses 32,709
Total expenses $552,035
Income in Excess of Expenses 6,210
Beginning net assets 789,835
Ending net assets 796,045
Total liabilities 3,158
Total assets $799,203


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