Better Business Bureau Report for
Meredith-Dunn School

Better Business Bureau Report issued April 2012
Better Business Bureau Report expires September 2014


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


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Charity Contact Information

Name: Meredith-Dunn School
Address: 3023 Melbourne Avenue
  Louisville, KY 40220
Phone: 502-456-5819
Web Address: www.meredithdunnschool.org
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Better Business Bureau Comments

Year, State Incorporated: 1973, Kentucky
Affiliates: None
Stated Purpose: The mission of Meredith-Dunn School is to provide prescriptive instruction in a nurturing environment designed to empower students who learn differently in becoming accomplished learners and resilient individuals.

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Evaluation Conclusions

              

Meredith-Dunn School meets the 20 Standards for Charity Accountability.
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Programs

              

The Meredith-Dunn School is a specialized school-serving students in grades 1-8 who have special learning differences/disabilities. The Meredith-Dunn School community embraces a child-centered philosophy that recognizes the learning potential of each of our students. The school values each student as an individual with a unique pattern of strengths, weaknesses, and learning styles. The school's educational program is personalized in both content and approach to support students’ growth in becoming competent learners and resilient individuals. The Meredith-Dunn School welcomes opportunities to work collaboratively with families and other professionals in providing a vibrant educational community, rich in opportunity and respect. The school's structured and nurturing environment is designed to promote academic integrity and personal confidence that will carry students through life as productive and successful citizens.

For the fiscal year ended July 31, 2011, Meredith-Dunn School's program expenses were:

  
School 1,450,400
Restricted Fund Expense 62,115
Student Evaluations 52,651
After School Program 32,500
Summer Program 22,651
Tutoring 17,221
Total Program Expenses: $1,637,538
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Governance

              

Chief Executive : Kathy Beam, Head of School
Compensation*: 
$88,693

Chair of the Board: B. Anthony Weber
Chair's Profession / Business Affiliation: Co-President & Chief Investment Officer, Todd-Veredus Asset Management

Board Size: 16

Paid Staff Size: 64

*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, telephone, invitations to fund raising events, grant proposals, internet, planned giving arrangements, and cause-related marketing.
Fund raising costs were 20% of related contributions. (Related contributions, which totaled $296,481, 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 Meredith-Dunn School's audited financial statements for the fiscal year ended July 31, 2011.

Ending net assets as reported below include $1,288,527 in unrestricted net assets and $134,144 in temporarily restricted net assets.

Total assets as reported include $1,043,744 invested in property and equipment.



Source of Funds  
Tuition and Fees 2,189,188
Fundraising events 149,697
Gifts and private grants 125,854
Investment income 56,380
Evaluation 47,575
After School Program 46,254
Tutoring 24,600
Donated material and services 20,930
Other income 7,983
Total Income $2,668,461


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Uses of Funds as a % of Total Expenses

Programs: 64%  Fund Raising: 2%  Administrative: 28%  Other Expenses: 6%

Total income $2,668,461
Program expenses $1,637,538
Fund raising expenses 57,880
Administrative expenses 703,436
Other Expenses 139,878
Total expenses $2,538,732
Income in Excess of Expenses 129,729
Beginning net assets 1,380,423
Other Changes in Net Assets (87,481)
Ending net assets 1,422,671
Total liabilities 427,857
Total assets $1,850,528

The BBB has determined that the Meredith-Dunn School's program expenses are reasonable even though the program expense ratio is below the 65% requirement in standard 8.

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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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