Better Business Bureau Report for
The Cabbage Patch Settlement House

Better Business Bureau Report issued September 2017
Better Business Bureau Report expires September 2019


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: The Cabbage Patch Settlement House
Address: 1413 S. Sixth Street
  Louisville, KY 40208
Phone: 502-634-0811
Web Address: www.cabbagepatch.org
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Better Business Bureau Comments

Year, State Incorporated: 1910, Kentucky
Affiliates: None
Stated Purpose: The Cabbage Patch Settlement House is a local, non-profit Christian organization. The organization's mission is to equip and empower at-risk children, youth, and their families, to be self-sufficient by helping them maximize their economic, educational, emotional, moral, physical, social and spiritual potential.

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Evaluation Conclusions

              

The Cabbage Patch Settlement House meets the 20 Standards for Charity Accountability.
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Programs

              

Cabbage Patch Settlement House fosters self-esteem and responsibility through purpose-driven programs in the following three core areas: Recreation/Youth Development; Educational Opportunities; and Counseling & Family Services. Approximately 1,000 at-risk children and their families participate each year. Located in Old Louisville, the agency serves a diverse urban demographic. In its service area, 59% of children live in poverty, 65% of households earn less than $30,000 a year and 54% of those 25 or older have a high school equivalency or less The Cabbage Patch relies on contributions from individuals, organizations, churches and foundations. The organization receives no government funding and is not a United Way agency.

For the fiscal year ended April 30, 2016, The Cabbage Patch Settlement House's program expenses were:

  
Youth Development & Recreation 960,750
Educational Opportunities 359,917
Family Services 306,713
Total Program Expenses: $1,627,380
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Governance

              

Chief Executive : Tracy Holladay, Executive Director
Compensation*: 
$121,508

Chair of the Board: Henry Snyder, IV
Chair's Profession / Business Affiliation: Sr. Vice President, PNC Bank

Board Size: 40

Paid Staff Size: 29

*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, planned giving arrangements.
Fund raising costs were 19% of related contributions. (Related contributions, which totaled $991,285, 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 Cabbage Patch Settlement House's audited financial statements for the fiscal year ended April 30, 2016.

Ending net assets as reported below include $7,990295 in unrestricted net assets, $88,185 in temporarily restricted net assets, and $15,459,166 in permanently restricted net assets.

Total assets as reported include $5,777,680 invested in property and equipment, net.

Source of Funds  
Contributions 745,642
Perpetual Trust Distributions 311,782
Special Events, net 225,874
Realized and unrealized gains on investments 206,502
Investment Income, net 131,522
In kind Contributions 19,769
Net assets released from restrictions 16,396
Other 13,328
Rental Income 7,870
Loss on sell of property and equipment -13,051
Total Income $1,665,634


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Uses of Funds as a % of Total Expenses

Programs: 78%  Fund Raising: 9%  Administrative: 13%  Other Expenses: Less than 1%

Total income $1,665,634
Program expenses $1,627,380
Fund raising expenses 191,423
Administrative expenses 273,955
Other Expenses 9,829
Total expenses $2,102,587
Expenses in Excess of Income (436,953)
Beginning net assets 24,823,334
Other Changes in Net Assets (848,735)
Ending net assets 23,537,646
Total liabilities 167,808
Total assets $23,705,454


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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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