Better Business Bureau Report for
Ronald McDonald House Charities of Kentuckiana

Better Business Bureau Report issued September 2015
Better Business Bureau Report expires September 2017


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: Ronald McDonald House Charities of Kentuckiana
Address: 550 South First Street
  Louisville, KY 40202
Phone: 502-581-1416
Web Address: www.rmhc-kentuckiana.org
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Better Business Bureau Comments

Year, State Incorporated: 1982, Kentucky
Affiliates: None
Stated Purpose: Ronald McDonald House Charities of Kentuckiana was established to provide temporary, low-cost family housing for families of children being treated at Kosair Children's Hospital and other area medical facilities. The organization also supports other groups, organizations or agencies which aid in the treatment, care and well-being of children, as well as provide college scholarships.

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Evaluation Conclusions

              

Ronald McDonald House Charities of Kentuckiana meets the 20 Standards for Charity Accountability.
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Programs

              

The agency operates the Ronald McDonald House as temporary, low cost family housing for families of children being treated at Kosair Children's Hospital and other area medical facilities. The agency also operates Ronald McDonald Family Room programs at Kosair Children's Hospital, Norton Suburban Hospital and Frazier Rehab Institute. Additionally, the agency provides financial grant support to approximately 20 organizations annually that serve youth throughout the local community and scholarships to college students.

For the fiscal year ended December 31, 2014, Ronald McDonald House Charities of Kentuckiana's program expenses were:

  
Program Services 1,076,613
Total Program Expenses: $1,076,613
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Governance

              

Chief Executive : Hal Hedley, Executive Director
Compensation*: 

Chair of the Board: Chris Katakis
Chair's Profession / Business Affiliation: UPS (Retired)

Board Size: 30

Paid Staff Size: 16

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Fund Raising

              

Method(s) Used:

Direct mail, invitations to fund raising events, grant proposals, internet, planned giving arrangements, cause-related marketing
Fund raising costs were 14% of related contributions. (Related contributions, which totaled $1,429,662, are donations received as a result of fund raising activities.)
Ronald McDonald House Charities of Kentuckiana incurred joint costs of $38,713 for informational materials and activities that included fund raising materials. Of those costs $13,937 was allocated to program expenses, $24,776 was allocated to fund raising expenses, and $-0- was allocated to administrative expenses.
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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 Ronald McDonald House Charities of Kentuckiana's audited financial statements for the fiscal year ended December 31, 2014.

Ending net assets as reported below include $6,474,643 in unrestricted net assets , $82,280 in temporarily restricted net assets, and $600,000 in permanently restricted net assets.

Total assets as reported include $3,007,664 invested in property, land, and equipment, net.



Source of Funds  
Contributions 1,106,192
Special Events 323,470
Investment Revenue 200,146
Room Revenue 112,290
Total Income $1,742,098


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Uses of Funds as a % of Total Expenses

Programs: 72%  Fund Raising: 13%  Administrative: 12%  Other Expenses: 3%

Total income $1,742,098
Program expenses $1,076,613
Fund raising expenses 199,819
Administrative expenses 181,987
Other Expenses 50,741
Total expenses $1,509,160
Income in Excess of Expenses 232,938
Beginning net assets 6,925,410
Other Changes in Net Assets (1,425)
Ending net assets 7,156,923
Total liabilities 170,897
Total assets $7,327,820


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This report is not to be used for fund raising or promotional purposes.

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