Better Business Bureau Report for
Ronald McDonald House Charities of Kentuckiana

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 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, 2012, Ronald McDonald House Charities of Kentuckiana's program expenses were:

  
Program services 1,052,841
Total Program Expenses: $1,052,841
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Governance

              

Chief Executive : Hal Hedley, Executive Director
Compensation*: 

Chair of the Board: Bob Hausladen, Jr.
Chair's Profession / Business Affiliation: New Horizons Performance Coaching Systems

Board Size: 29

Paid Staff Size: 16

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Fund Raising

              

Method(s) Used:

Methods of fund raising include direct mail, invitations to fund raising events, grant proposals, internet, planned giving arrangements, and cause-related marketing
Fund raising costs were 16% of related contributions. (Related contributions, which totaled $1,113,100, 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 Ronald McDonald House Charities of Kentuckiana's audited financial statements for the fiscal year ended December 31, 2012.

Ending net assets as reported below include $5,923,702 in unrestricted net assets , $76,773 in temporarily restricted net assets, and $600,000 in permanently restricted net assets.

Total assets as reported include $3,446,139 invested in property, land, and equipment, net.



Source of Funds  
Contributions 693,254
Investment Income 326,922
Fundraising Events 265,356
In-Kind contributions 136,909
Program Income 115,515
Other 17,581
Total Income $1,555,537


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Uses of Funds as a % of Total Expenses

Programs: 76%  Fund Raising: 12%  Administrative: 12% 

Total income $1,555,537
Program expenses $1,052,841
Fund raising expenses 172,816
Administrative expenses 163,985
Total expenses $1,389,642
Income in Excess of Expenses 165,895
Beginning net assets 6,434,580
Ending net assets 6,600,475
Total liabilities 61,946
Total assets $6,662,421


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