Better Business Bureau Report for
Circle of Love Foundation

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


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Circle of Love Foundation
Address: 4804 Innsbruck Dr.
  Rockford, IL 61114
Phone: 815-282-9243
Web Address:
Also known as:NA
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Better Business Bureau Comments

Year, State Incorporated: 1995, Illinois
Affiliates: None
Stated Purpose: Circle of Love's purpose is to share the gospel and bring hope to a world in need through acts of compassion and by loving others as Jesus loved us.

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Evaluation Conclusions

              

Circle of Love Foundation meets the 20 Standards for Charity Accountability.
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Programs

              

Free medical clinics in impoverished countries, 4 per year Pastor support for national pastors or missionaries in Thailand, Laos, Guatemala and South Africa Support for 283 widows in Laos Operating support for ministry partners

For the fiscal year ended December 31, 2015, Circle of Love Foundation's program expenses were:

  
Mission Trips and Support 280,401
Grants 122,376
Pastoral Support 79,213
Total Program Expenses: $481,990
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Governance

              

Chief Executive : Helen Laib, MD, President
Compensation*: 
$

Chair of the Board: David Laib, MD
Chair's Profession / Business Affiliation: Retired pathologist

Board Size: 7

Paid Staff Size: 0

*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, internet
Fund raising costs were 3% of related contributions. (Related contributions, which totaled $531,724, 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 Circle of Love Foundation's audited financial statements for the fiscal year ended December 31, 2015.

Source of Funds  
Mission Trips 255,634
Contributions 145,222
Pastoral and Missionary Support 97,468
Fundraising and other 33,400
Loss on Investments -459
Total Income $531,265


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Uses of Funds as a % of Total Expenses

Programs: 95%  Fund Raising: 3%  Administrative: 2% 

Total income $531,265
Program expenses $481,990
Fund raising expenses 16,617
Administrative expenses 9,342
Total expenses $507,949
Income in Excess of Expenses 23,316
Beginning net assets 35,875
Ending net assets 59,191
Total liabilities
Total assets $59,191


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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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