Better Business Bureau Report for
Nativity Academy At St. Boniface

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


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 6-8) 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.

For the fiscal year ended June 30, 2012, Nativity Academy At St. Boniface's program expenses were:

  
Program Services 703,063
Total Program Expenses: $703,063
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Governance

              

Chief Executive : Carol Nord, Executive Director
Compensation*: 

Chair of the Board: Mike Hendricks
Chair's Profession / Business Affiliation: Vice President of Facilities at Norton Healthcare

Board Size: 24

Paid Staff Size: 20

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Fund Raising

              

Method(s) Used:

Methods of fund raising include direct mail, invitations to fund raising events, grant proposals, and internet appeals.
Fund raising costs were 12% of related contributions. (Related contributions, which totaled $1,192,002, 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, 2012.

Ending net assets as reported below include $211,191 in unrestricted net assets and $431,709 in temporarily restricted net assets.

Total assets as reported include $148,671 invested in building improvements and equipment.



Source of Funds  
Contributions and Grants 691,806
Sponsored Scholarships 347,794
Special Events 152,402
Program Fees 45,936
Tuition 11,634
Interest Income 5,244
Special Event expenses -30,942
Total Income $1,223,874


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Uses of Funds as a % of Total Expenses

Programs: 76%  Fund Raising: 15%  Administrative: 9% 

Total income $1,223,874
Program expenses $703,063
Fund raising expenses 144,177
Administrative expenses 88,262
Total expenses $935,502
Income in Excess of Expenses 288,372
Beginning net assets 354,528
Ending net assets 642,900
Total liabilities 46,354
Total assets $689,254


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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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