Better Business Bureau Report for
St. Benedict Center for Early Childhood Education

Better Business Bureau Report issued March 2011
Better Business Bureau Report expires March 2013


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


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Charity Contact Information

Name: St. Benedict Center for Early Childhood Education
Address: 946 S. 25th Street
  Louisville, KY 40210
Phone: 502-772-7324
Web Address:
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Better Business Bureau Comments

Year, State Incorporated: 1971, Kentucky
Affiliates: None
Stated Purpose: The mission of St. Benedict Center is to provide quality childcare for families in the community. St. Benedict Center provides child care services for children six weeks to twelve years of age. Approximately 83% of the children are from families that are at or below the poverty level. Fees for child care services are received from third party reimbursement programs and daily parent charges. Support is also received in the form of a contribution from Metro United Way.

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Evaluation Conclusions

               

St. Benedict Center for Early Childhood Education ( ) meets the 20 Standards for Charity Accountability.
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Programs

               

St. Benedict Center strives to provide opportunities and experiences enabling children to grow physically, psychologically, intellectually, and socially, in a caring, loving, and safe environment. Daily programs include teacher directed activities in language arts, music, science, reading readiness, art, outdoor play, dance, and free play. The Center also provides breakfast, lunch, and an afternoon supplement for the children through a federally subsidized nutrition program.

For the fiscal year ended June 30, 2011, St. Benedict Center for Early Childhood Education's program expenses were:

  
Program services - Child Day Care 831,701
Total Program Expenses: $831,701
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Governance

               

Chief Executive : Johanna Wint, Executive Director
Compensation*:

Chair of the Board: Kathy Emrich
Chair's Profession / Business Affiliation: Retired educator

Board Size: 8

Paid Staff Size: 27

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Fund Raising

               

Method(s) Used:

Fund raising methods include direct mail appeals and grant proposals. The agency also generates significant revenues from fees and grants from government agencies.

In addition, the St. Benedict Center for Early Childhood Education is a Metro United Way participating agency.




Fund raising costs were 11% of related contributions. (Related contributions, which totaled $111,362, 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 St. Benedict Center’s audited financial statements for the year that ended June 30, 2011.

Ending net assets as reported below include $1,536,513 in unrestricted net assets and $99,018 in temporarily restricted net assets.

Unrestricted net assets as reported include $1,500,252 in Operating assets and $36,261 in Board designated assets.

Total assets as reported include $822,099 invested in property and equipment, net.


Source of Funds  
Fees and grants from government agencies 536,818
Parent fees 227,265
Net assets released from restrictions 103,230
Incentive awards 29,575
Restricted grants whose conditions were met in the same period 14,182
Interest income 4,385
Fundraisers and special events 2,838
Grants from Community Foundation of Louisville 2,687
Contributions - cash 1,122
Lunch fees 768
Additional contribution from Metro United Way 717
Other income 49
Total Income $923,636


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Uses of Funds as a % of Total Expenses

Programs: 89%  Fund Raising: 1%  Administrative: 10% 

Total income   $923,636
  Program expenses $831,701
  Fund raising expenses 12,420
  Administrative expenses 88,673
 
Total expenses   $932,794
Expenses in Excess of Income   (9,158)
Beginning net assets   1,648,901
Other Changes in Net Assets (4,212)
Ending net assets   1,635,531
Total liabilities   55,057
Total assets   $1,690,588

This report was originally issued in March 2011. Financial information in the report was updated in March 2012.

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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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