Better Business Bureau Report for
The Cradle Foundation

Better Business Bureau Report issued August 2013
Better Business Bureau Report expires August 2015


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: The Cradle Foundation
Address: 2049 Ridge Avenue
  Evanston , IL 60201
Phone: 847-475-5800
847-733-3232
Web Address: www.cradle.org
Also known as:The Cradle Foundation
The Cradle
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Better Business Bureau Comments

Formerly known as:The Cradle Foundation

Year, State Incorporated: 2003, Illinois
Affiliates: None
Stated Purpose: The Cradle's mission is to benefit children and all others touched by adoption — by delivering education, guidance and lifelong support to build, sustain and preserve families.

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Evaluation Conclusions

              

The Cradle Foundation does not meet the following Standard for Charity Accountability.

Standard 9: Fund Raising Expense Ratio - Spending should be no more than 35% of related contributions on fund raising. Related contributions include donations, legacies, and other gifts received as a result of fund raising efforts.

The Cradle Foundation does not meet this Standard because:

  • According to its audited financial statements for the fiscal year ended September 30, 2012, the organization's fund raising costs were 71% ($1,269,184) of related contributions, which totaled $1,790,303.
The Cradle Foundation meets the remaining 19 Standards for Charity Accountability.
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Programs

              

The Cradle is an adoption agency, since opening in 1923 The Cradle has helped place more than 14,000 children into permanent, loving homes. They provide lifelong support for all who are touched by adoption -- birthparents, adopted persons, and adoptive parents.

For the fiscal year ended September 30, 2012, The Cradle FoundationThe Cradle Foundation 's program expenses were:

  
Program Services 5,403,961
Total Program Expenses: $5,403,961
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Governance

              

Chief Executive : Julie Tye, President and CEO
Compensation*: 

Chair of the Board: Caryn Rowe Africk
Chair's Profession / Business Affiliation: Consultant

Board Size: 23

Paid Staff Size: 60

*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, grant proposals, internet, planned giving arrangements
Fund raising costs were 71% of related contributions. (Related contributions, which totaled $1,790,303, 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 Cradle FoundationThe Cradle FoundationThe Cradle FoundationThe Cradle FoundationThe Cradle FoundationThe Cradle FoundationThe Cradle FoundationThe Cradle FoundationThe Cradle FoundationThe Cradle FoundationThe Cradle Foundation 's audited financial statements for the fiscal year ended September 30, 2012.

Source of Funds  
Other 3,521,226
Program Revenue 2,573,959
Contributions 1,790,303
Total Income $7,885,488


chart



Uses of Funds as a % of Total Expenses

Programs: 75%  Fund Raising: 18%  Administrative: 7% 

Total income $7,885,488
Program expenses $5,403,961
Fund raising expenses 1,269,184
Administrative expenses 470,225
Total expenses $7,143,370
Income in Excess of Expenses 742,118
Beginning net assets 19,043,961
Ending net assets 19,786,079
Total liabilities 5,916,286
Total assets $25,702,365


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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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