Better Business Bureau Report for
Spina Bifida Association of Kentucky

Better Business Bureau Report issued February 2012
Better Business Bureau Report expires February 2013


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: None
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.

For the fiscal year ended December 31, 2010, Spina Bifida Association of Kentucky's program expenses were:

  
Program Services 167,037
Total Program Expenses: $167,037
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Governance

               

Chief Executive : Colleen Payne, Executive Director
Compensation*:

Chair of the Board: Joe O'Bryan
Chair's Profession / Business Affiliation: Manager, UPS

Board Size: 14

Paid Staff Size: 2

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Fund Raising

               

Method(s) Used:

Methods of fund raising include direct mail, grant proposals, and cause-related marketing.
Fund raising costs were 7% of related contributions. (Related contributions, which totaled $253,005, 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, 2010.

Ending net assets as reported below include $294,597 in unrestricted net assets and $125,000 in temporarily restricted net assets.


Source of Funds  
Grants 146,755
Special Events 88,274
Contributions 17,976
Investment Income 778
Total Income $253,783


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Uses of Funds as a % of Total Expenses

Programs: 76%  Fund Raising: 9%  Administrative: 15% 

Total income   $253,783
  Program expenses $167,037
  Fund raising expenses 18,910
  Administrative expenses 33,230
 
Total expenses   $219,177
Income in Excess of Expenses   34,606
Beginning net assets   384,991
Ending net assets   419,597
Total liabilities   0
Total assets   $421,991


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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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