Better Business Bureau Report for
Spina Bifida Association of Kentucky

Better Business Bureau Report issued April 2014
Better Business Bureau Report expires March 2016


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


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Charity Contact Information

Name: Spina Bifida Association of Kentucky
Address: 982 Eastern Parkway, Box 18
  Louisville, KY 40217
Phone: 502-637-7363
Web Address: www.sbak.org
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Better Business Bureau Comments

Year, State Incorporated: 1983, Kentucky
Affiliates: the Kentucky chapter is an affilate of the national Spina Bifida Association
Stated Purpose: Spina Bifida Association of Kentucky's mission is to promote the prevention of Spina Bifida and enhance the lives of all affected.

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Evaluation Conclusions

              

Spina Bifida Association of Kentucky meets the 20 Standards for Charity Accountability.
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Programs

              

SBAK is a resource center for children, their families and adults affected by Spina Bifida. SBAK educates parents how to be the best advocates for their children, and helps children and adults overcome physical, learning, and social challenges to become successful and independent. SBAK also works to prevent Spina Bifida by educationg childbearing women about the importance of folic acid.

For the fiscal year ended December 31, 2012, Spina Bifida Association of Kentucky's program expenses were:

  
Program service 190,877
Total Program Expenses: $190,877
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Governance

              

Chief Executive : Colleen Payne, Executive Director
Compensation*: 
$49,700

Chair of the Board: Eddie Brown
Chair's Profession / Business Affiliation: University of Louisville

Board Size: 11

Paid Staff Size: 5

*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, grant proposals, and internet appeals.
Fund raising costs were 13% of related contributions. (Related contributions, which totaled $244,251, 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 Spina Bifida Association of Kentucky's audited financial statements for the fiscal year ended December 31, 2012.

Ending net assets as reported below include $375,458 in unrestricted net assets and $62,780 in temporarily restricted net assets.

Total assets as reported include $57,466 invested in furniture and equipment, net.



Source of Funds  
Contributions and grants 131,698
Special events, net of direct expenses 96,820
Other fundraising income 15,733
Investment Income 545
Total Income $244,796


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Uses of Funds as a % of Total Expenses

Programs: 79%  Fund Raising: 12%  Administrative: 9% 

Total income $244,796
Program expenses $190,877
Fund raising expenses 30,568
Administrative expenses 23,015
Total expenses $244,460
Income in Excess of Expenses 336
Beginning net assets 437,902
Ending net assets 438,238
Total liabilities 25,359
Total assets $463,597


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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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