Better Business Bureau Report for
Family Scholar House

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


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


Find out more about this charity:

Back To Top

Charity Contact Information

Name: Family Scholar House
Address: 403 Reg Smith Circle
  Louisville, KY 40208
Phone: 502-584-8090
Web Address: www.familyscholarhouse.org
Back To Top

Better Business Bureau Comments

Formerly known as:Project Women

Year, State Incorporated: 1995, Kentucky
Affiliates: None
Stated Purpose: Family Scholar House's mission is to end the cycle of poverty by giving single-parent students the support they need to earn a four-year college degree. This allows them to transition from poverty, homelessness, and domestic violence to self-sufficiency.

Back To Top

Evaluation Conclusions

              

Family Scholar House meets the 20 Standards for Charity Accountability.
Back To Top

Programs

              

Family Scholar House's program and services include: Connection to Housing Assistance--Families entering the residential program are provided an apartment based upon family size in accordance with HUD guidelines. Participants pay 30% of their earned income toward their housing. The following services are offered to participants living in the program at Family Scholar House as well as to single parents active in the pre-residential program while waiting for housing. Education Support--Each participant enrolls in the college of their choice pursuing the course of study of their choice. Family Scholar House helps students obtain financial assistance to pay for their classes and books. Family Scholar House also provides a computer lab for student use in completing assignments and research for coursework. Academic Advising--Family Scholar House advises student parents on their class choices, helps them with the financial aid process, monitors their academic progress, advocates for them, if necessary, at their school, advises them regarding work-study programs, and arranges for tutors, as needed, to keep up with college classes. Case Management and Other Support--Family Scholar House helps single parents apply for necessary welfare benefits, provides case management and counseling to all participants on a biweekly basis or more often, if needed, provides assistance to aid participants with personal and parenting concerns, obtaining community resources and supportive services, and assists with connecting participants to other community resources. Empowerment for Family Success Program --Monthly workshops are provided for our single-parent participants and their children to facilitate intergenerational learning of skills needed for independent living --Peer activities for the student parents provide support as well as fun with other adults. --Activities for children include child enrichment games, playgroups and seasonal parties

For the fiscal year ended June 30, 2013, Family Scholar House's program expenses were:

  
Program Services 925,375
Total Program Expenses: $925,375
Back To Top

Governance

              

Chief Executive : Cathe Dykstra, Chief Possibility Officer, President & CEO
Compensation*: 

Chair of the Board: Dana Shumate
Chair's Profession / Business Affiliation: Coordinator of Business Involvement, Jefferson County Public Schools

Board Size: 28

Paid Staff Size: 15

Back To Top

Fund Raising

              

Method(s) Used:

Methods of fund raising include direct mail, invitations to fund raising events, print advertisements, grant proposals, internet appeals, and planned giving arrangements.
Fund raising costs were 5% of related contributions. (Related contributions, which totaled $1,179,720, are donations received as a result of fund raising activities.)
Back To Top

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.
Back To Top

Financial

              

The following information is based on Family Scholar House's draft audited financial statements - consolidated for the fiscal year ended June 30, 2013.

Ending net assets as reported below include $9,081,143 in unrestricted net assets and $517,849 in temporarily restricted net assets.

Unrestricted net assets include $8,132,764 invested in property, equipment and limited partnerships and $948,379 in undesignated assets.

The audit notes that "During the year ended June 30, 2013, the Organization determined the carrying value of one of the Downtown Scholar House buildings, located at 920 South First Street, exceeded the fair value and therefore recognized an impairment loss of $1,423,286. The impaiment was measured at the amount by which the carrying value of the property exceeded the present value of the future cash flows associated with the property." The impairment loss is shown as "other changes in net assets" below.




Source of Funds  
Forgiveness of Debt 1,642,788
Contributions 638,642
Grants 365,471
Interest Income 214,708
Special Events 134,800
Other Income 114,181
In-Kind Donations 40,807
Total Income $3,151,397


chart



Uses of Funds as a % of Total Expenses

Programs: 83%  Fund Raising: 5%  Administrative: 12% 

Total income $3,151,397
Program expenses $925,375
Fund raising expenses 53,935
Administrative expenses 135,706
Total expenses $1,115,016
Income in Excess of Expenses 2,036,381
Beginning net assets 8,985,897
Other Changes in Net Assets (1,423,286)
Ending net assets 9,598,992
Total liabilities 2,908,404
Total assets $12,507,396


Back To Top

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.

Send to:



What is an Accredited Charity