Better Business Bureau Report for
Nativity Academy At St. Boniface

Better Business Bureau Report issued July 2015
Better Business Bureau Report expires July 2017


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


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Charity Contact Information

Name: Nativity Academy At St. Boniface
Address: 529 E. Liberty Street
  Louisville, KY 40202
Phone: 502-562-2190
Web Address: www.nativityacademy.org
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Better Business Bureau Comments

Year, State Incorporated: 2002, Kentucky
Affiliates: None
Stated Purpose: Nativity Academy at St. Boniface is a private middle school in the Catholic tradition serving low-income children in Metro-Louisville. The school's mission is to challenge its students to reach their full potential academically, spiritually and socially, so they may grow to be responsible, caring and active leaders in their families, communities and society.

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Evaluation Conclusions

              

Nativity Academy At St. Boniface meets the 20 Standards for Charity Accountability.
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Programs

              

Nativity provides middle school (grades 5-8) instruction, extended day activities and graduate support (for Nativity graduates in high school). Nativity Academy at St. Boniface was started in 2002. The first Nativity class has now graduated from high school and 93% of the high school graduates are pursuing post secondary education. Graduates from the first class have now begun completing Bachelor's degrees.

For the fiscal year ended June 30, 2014, Nativity Academy At St. Boniface's program expenses were:

  
Program Services 859,548
Total Program Expenses: $859,548
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Governance

              

Chief Executive : Carol Nord, Executive Director
Compensation*: 
$85,945

Chair of the Board: Dave Mueller
Chair's Profession / Business Affiliation: Retired Chemist

Board Size: 27

Paid Staff Size: 20

*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
Fund raising costs were 13% of related contributions. (Related contributions, which totaled $1,095,574, 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 Nativity Academy At St. Boniface's audited financial statements for the fiscal year ended June 30, 2014.

Ending net assets as reported below include $175,432 in unrestricted net assets and $839,811 in temporarily restricted net assets.

Total assets as reported include $149,248 invested in building improvements and equipment.



Source of Funds  
Contributions and grants 558,338
Sponsored Scholarships 407,368
Special Events 159,676
Program Fees 65,171
Unrealized Gain (loss) 50,346
Tuition 13,352
Investment Income 4,832
Special Events direct expense -29,808
Total Income $1,229,275


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Uses of Funds as a % of Total Expenses

Programs: 79%  Fund Raising: 13%  Administrative: 8% 

Total income $1,229,275
Program expenses $859,548
Fund raising expenses 138,154
Administrative expenses 84,391
Total expenses $1,082,093
Income in Excess of Expenses 147,182
Beginning net assets 868,061
Ending net assets 1,015,243
Total liabilities 69,522
Total assets $1,084,765


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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.

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