Better Business Bureau Report for
Cabbage Patch Settlement House

Better Business Bureau Report issued May 2013
Better Business Bureau Report expires April 2015


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: Cabbage Patch Settlement House
Address: 1413 S. Sixth Street
  Louisville, KY 40208
Phone: 502-634-0811
Web Address: www.cabbagepatch.org
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Better Business Bureau Comments

Year, State Incorporated: 1910, Kentucky
Affiliates: None
Stated Purpose: The Cabbage Patch Settlement House is a local, non-profit Christian organization. The organization's mission is to equip and empower at-risk children, youth, and their families, to be self-sufficient by helping them maximize their economic, educational, emotional, moral, physical, social and spiritual potential.

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Evaluation Conclusions

              

Cabbage Patch Settlement House meets the 20 Standards for Charity Accountability.
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Programs

              

Cabbage Patch Settlement House fosters self-esteem and responsibility through purpose-driven programs in three core areas: ---Recreation/Youth Development; Educational Opportunities; and Counseling & Family Services. Approximately 1,000 - 1,200 at-risk children and their families participate each year. ---Located in Old Louisville, the agency serves a diverse urban demographic. In its service area: 60% of children live in poverty; 59% of households earn less than $25,000 a year; 30% of families are headed by single mothers ; and 37% of those 25 or older are not high school graduates ---The Cabbage Patch relies on contributions from individuals, organizations, churches and foundations. The organization receives no government funding and is not a United Way agency.

For the fiscal year ended April 30, 2012, Cabbage Patch Settlement House's program expenses were:

  
Youth Development & Recreation 801,640
Educational Opportunities 291,585
Family Services & Counseling 282,432
Total Program Expenses: $1,375,657
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Governance

              

Chief Executive : J. Tracy Holladay, Executive Director
Compensation*: 
$102,928

Chair of the Board: Rob Crady, III
Chair's Profession / Business Affiliation: Senior Vice President, Wealth & Family Office Group, Hlliard Lyons

Board Size: 31

Paid Staff Size: 28

*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, invitations to fund raising events, print advertisements, grant proposals, internet, and planned giving arrangements.
Fund raising costs were 13% of related contributions. (Related contributions, which totaled $1,342,449, 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 Cabbage Patch Settlement House's audited financial statements for the fiscal year ended April 30, 2012.

Ending net assets as reported below include $7,286,278 in unrestricted net assets, $595,079 in temporarily restricted net assets, and $11,809,956 in permanently restricted net assets.

Unrestricted net assets include $367,903 in Operations, $5,332,120 in Property and Equipment, $1,678,415 in Board Designated Investments, and ($92,160) in Educational Opportunities Restricted Endowment.

Total assets as reported include $6,565,676 invested in property and equipment, net.


Source of Funds  
Contributions 1,083,977
Special events 396,719
Perpetual Trust Distributions 229,495
Investment income 149,175
Realized & Unrealized Gains on Investments & Perpetual Trusts(net) 91,537
Contributions in kind (operations) 17,532
Other revenues 13,300
Special events, direct expenses -155,779
Total Income $1,825,956


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Uses of Funds as a % of Total Expenses

Programs: 75%  Fund Raising: 9%  Administrative: 14%  Other Expenses: 2%

Total income $1,825,956
Program expenses $1,375,657
Fund raising expenses 168,110
Administrative expenses 263,053
Other Expenses 34,543
Total expenses $1,841,363
Expenses in Excess of Income (15,407)
Beginning net assets 19,706,720
Ending net assets 19,691,313
Total liabilities 106,268
Total assets $19,797,581


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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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