Better Business Bureau Report for
Centro Latino of Shelbyville

Better Business Bureau Report issued February 2012
Better Business Bureau Report expires February 2014


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


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Charity Contact Information

Name: Centro Latino of Shelbyville
Address: 121 Main Street
  Shelbyville, KY 40065
Phone: 502-647-3349
Web Address:
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Better Business Bureau Comments

Year, State Incorporated: 2002, Kentucky
Affiliates: None
Stated Purpose: The mission of Centro Latino of Shelbyville, Inc. is to advocate for the rights and well-being of the Hispanic/Latino people, particularly the most vulnerable, through: partnership, education, and commitment to justice, service, and empowerment, in Oldham, Shelby, Henry, Spencer, and Trimble counties, in Kentucky.

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Evaluation Conclusions

               

Centro Latino of Shelbyville meets the 20 Standards for Charity Accountability.
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Programs

               

Centro Latino serves as an advocate for the Latino community and provides an array of programs and services that include: -- Spanish Literacy Classes Leading to a GED -- English as a Second Language Class -- Computer Operations Class in Spanish -- Translation Services -- Clothing Distribution for Hispanics & other needy people -- Food Distribution Daily for Hispanics & other needy people -- Community Resource Referrals: housing, medical and legal -- Various Health and Seasonal programs -- Volunteer Opportunities -- Advocacy Programs to assist with wage theft, etc.

For the fiscal year ended June 30, 2011, Centro Latino of Shelbyville's program expenses were:

  
Program services 70,773
Total Program Expenses: $70,773
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Governance

               

Chief Executive : Sister Pat Reno, OP, Executive Director
Compensation*:

Chair of the Board: William J. Reidy
Chair's Profession / Business Affiliation: Owner, CEO of ReDoIt Sports

Board Size: 10

Paid Staff Size: 1

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Fund Raising

               

Method(s) Used:

Methods of fund raising include direct mail and grant proposals.

In addition, Centro Latino is a Metro United Way member agency.
Fund raising costs were 7% of related contributions. (Related contributions, which totaled $88,855, 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 Centro Latino of Shelbyville's internally produced unaudited financial statements for the fiscal year ended June 30, 2011.

Ending net assets as reported are unrestricted net assets.

Total assets as report include $394,948 invested in land, buildings, and equipment.

Source of Funds  
In-Kind Contribution 36,000
Grants 31,672
Contributiions 21,183
Equipment Sale 314
Dividend 90
Gain on Stock sale 44
Interest earned 6
Total Income $89,309


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Uses of Funds as a % of Total Expenses

Programs: 82%  Fund Raising: 7%  Administrative: 11% 

Total income   $89,309
  Program expenses $70,773
  Fund raising expenses 6,395
  Administrative expenses 9,079
 
Total expenses   $86,247
Income in Excess of Expenses   3,062
Beginning net assets   393,999
Ending net assets   397,061
Total liabilities   45,916
Total assets   $442,977


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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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