Better Business Bureau Report for
Pat Gorman Charitable Foundation

Better Business Bureau Report issued December 2011
Better Business Bureau Report expires June 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Pat Gorman Charitable Foundation
Address: 3330 Pinecroft Drive
  Louisville, KY 40219
Phone: 502-582-3508
Web Address: www.patgormancharities.org
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Better Business Bureau Comments

Year, State Incorporated: 2005, Kentucky
Affiliates: None
Stated Purpose: The Pat Gorman Foundation supports local charities that include Prevent Child Abuse Kentucky (PCAK) and the Sicle Cell Society by raising money for education and research, or for any other charitable purpose recognized by state or federal law.

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Evaluation Conclusions

               

Pat Gorman Charitable Foundation meets the 20 Standards for Charity Accountability.
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Programs

               

The Pat Gorman Foundation raises money and provides financial support to Prevent Child Abuse Kentucky (PCAK) and the Sickle Cell Society. Funding is used for education and research. The Foundation also provides funding for scholarships and grants to other charities as recognized by state and federal law and as deemed appropriate by the Board.

For the fiscal year ended December 31, 2010, Pat Gorman Charitable Foundation's program expenses were:

  
Grant to Prevent Child Abuse Kentucky 7,000
Grant to Sickle Cell Society 7,000
Scholarships 1,000
Total Program Expenses: $15,000
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Governance

               

Chief Executive : Gary Best, President of the Board
Compensation*:

Chair of the Board: Gary K. Best
Chair's Profession / Business Affiliation: President, United Food and Commercial Workers Local 227

Board Size: 12

Paid Staff Size: 0

The Pat Gorman Charitable Foundation is managed by a volunteer board and has no paid staff.
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Fund Raising

               

Method(s) Used:

Methods of fund raising include direct mail, invitations to fund raising events, internet, and cause-related marketing.
Fund raising costs were 17% of related contributions. (Related contributions, which totaled $21,406, 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 Pat Gorman Charitable Foundation's IRS Form 990-EZ for the fiscal year ended December 31, 2010.

Ending net assets as reported below are unrestricted net assets.

Source of Funds  
Contributions 18,180
Special event-golf fundraiser 3,226
Other-reimbursement 1,373
Total Income $22,779


chart



Uses of Funds as a % of Total Expenses

Programs: 80%  Fund Raising: 19%  Administrative: 1% 

Total income   $22,779
  Program expenses $15,000
  Fund raising expenses 3,604
  Administrative expenses 130
 
Total expenses   $18,734
Income in Excess of Expenses   4,045
Beginning net assets   10,973
Ending net assets   15,018
Total liabilities  
Total assets   $15,018


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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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